Note that I will be taking a day off on Friday and Art's charts will not be updated until Monday. Stocks took a breather on Wednesday with small losses in the major index ETFs. The Russell 2000 ETF and Russell MicroCap iShares suffered the biggest losses, but the... READ MORE
One of my favorite ways to use the DP Tracker Reports is to call one up and take a look at brand new PMO BUY/SELL signals that have been generated by the PMO crossing over its EMA. Today I specifically pulled up the DP SPX-Plus Tracker Report 4. This... READ MORE
EEM STILL TESTING TRENDLINE RESISTANCES... My May 18 message suggested that emerging markets might be approaching an important upside breakout. The weekly bars in Chart 1 show the Emerging Markets iShares (EEM) still testing the upper resistance line in three-year symmetrical triangle. A decisive close above that resistance line is... READ MORE
The chart below shows year-to-date relative performance for four sector SPDRs (XLK, XLF, XLI and XLY). Notice that the XLK:SPY ratio shot up over the last two weeks and moved to its highest level of the year (above the February peak). In fact, the XLK:SPY ratio is the... READ MORE
Stocks were higher again on Tuesday with small-caps leading the way. The Russell 2000 ETF and Russell MicroCap iShares gained 1.44% and 1.92%, respectively. Strength in small-caps triggered a breakout in IWM as it moved above its mid May high. The Finance SPDR and Technology SPDR led the... READ MORE
Intel (INTC) is leading the semiconductor group higher with a move above its upper Bollinger Band. Notice how the bands contracted as volatility narrowed over the last few weeks. The breakout signals what could be the start of a volatility expansion and continuation higher. Chartists can use the recent lows... READ MORE
S&P 1500 ETF FORMS BULLISH CONTINUATION PATTERN... Link for today's video. The head-and-shoulders pattern can be a reversal pattern or a continuation pattern. The difference depends on the price movement preceding the pattern. There are two types of head-and-shoulders patterns: normal and inverse. The direction of... READ MORE
Today's charts feature five setups in various groups. We start with a semiconductor stock making a breakout on high volume. Next, there are two retailers with bullish continuation patterns forming. Both broke out with gaps and are now consolidating. Fourth, we have another semiconductor stock bouncing off support... READ MORE
Last week was a pretty good week for stocks. First, small-caps led the market as the Russell 2000 ETF gained over 2%. Second, the Consumer Discretionary SPDR led the sectors higher with a 2.09% gain. Third, Treasuries actually fell as the 20+ YR T-Bond ETF lost .74% last week.... READ MORE
HOMEBUILDERS BOUNCE ... A bigger than expected rise in April new home sales gave a big boost to homebuilding stocks at week's end. And it couldn't have come at a better time. Chart 1 shows the Dow Jones U.S. Home Construction iShares (ITB) climbing more than... READ MORE
A week-end look at the charts in the DP Chart Gallery tells us that the market, having just reached and pushed above horizontal resistance, is at a decision point. Will price be turned away or will it make a decisive breakout move? Let's look at what the DecisionPoint... READ MORE
The Global Uranium ETF (URA) has had a tough eleven weeks with a decline from 19 to 14, but support may be at hand. The October-November lows marked support in the 14 area and the ETF firmed here with an inside week last week. Also notice that CCI is oversold.... READ MORE
IS THE RUSSELL 2000 WAGGING THE RUSSELL 1000?... Link for today's video. There has been a lot of talk about relative weakness in the Russell 2000 and small-caps over the last few weeks. While relative weakness in small-caps is a concern, we should not read too much into... READ MORE
In a previous blog, I labeled the four-day Global Chartered Financial Analysts event in Seattle as the ‘gold standard’ of conferences and seminars I’ve attended. In this Part II blog, I want to share with you more key investment-related insights from the impressive slate of conference speakers. 1. Recent... READ MORE
Stocks moved higher on Thursday with another lopsided advance. The Russell 2000 ETF gained around 1%, but the S&P 500 SPDR gained just .30%. Small-caps led and large-caps lagged. Eight of the nine sectors were higher with the consumer discretionary and finance sectors leading. Homebuilders contributed to relative... READ MORE
* The line of least resistance for global and US equities looks to be an upward one. * The overstretched short-term condition argues against taking undue risks. * Bond rally is showing signs of tiredness. * The commodity correction may be over. (Click here for the video version of this article) First, I would... READ MORE
CONSUMER CYCLICALS COMING INTO A STRONG SEASONAL BIAS... John did an indepth view of energy yesterday, and Arthur did an in depth view of the 5 major technology groups on Monday. Some of the price action I have seen this week is pointing towards some strength in Cyclicals. We will... READ MORE
In the last three months price has been squeezing out new record highs, but the number of new 52-week highs has been contracting. Clearly, fewer stocks are participating in the push to new price highs, and this divergence is of concern. However, we also note that there has not been... READ MORE
Today's charts feature five setups in various groups. We start with an internet stock that is firming in a gap zone and retracement area. There is a clothing retailer with a bearish wedge. Next up is a hospital stock that appears to be healing with a gap and... READ MORE
Stocks rebounded on Wednesday with large-caps leading the way. The Dow Diamonds (DIA) and S&P 100 ETF (OEF) rose around 1%. All sectors were up with consumer discretionary and industrials leading. Note, however, that the Retail SPDR (XRT) and the Home Construction iShares (ITB) did not lead the... READ MORE
Today, USO broke out above overhead resistance from the bullish ascending triangle. This move confirms the PMO BUY signal that was generated two days ago when the PMO crossed above its 10-EMA. This breakout came on high volume which is positive. The next area of resistance would be at the... READ MORE
BRENT AND LIGHT CRUDE OIL FUTURES HIT NEW HIGHS... A government report showing a big drop in oil inventories last week has pushed oil prices to new highs. Chart 1 shows July Light Crude Oil closing climbing 1.74 today to trade at a new contract high near 1.04.... READ MORE
Hello Stockchart Subcribers! My name is Martin Pring and I’m very excited to be joining the team at StockCharts.com! For those of you who may not be familiar with my work, I have been providing research to the international investment community since 1968. My professional analysis career was... READ MORE
After stalling in March and April, the Metals & Miners SPDR (XME) turned lower in May and broke a key support zone. Notice how XME held the 41 area for two months and then broke this zone twice in May. The indicator window shows the price relative (XME:SPY ratio)... READ MORE
Stocks came under selling pressure with retailers leading the way lower. The Russell 2000 ETF and Russell MicroCap iShares lost around 1.5% on Tuesday. The S&P 500 SPDR and Nasdaq 100 ETF led up relatively well with losses of .63% and .36%, respectively. Yes, the song remains... READ MORE
MARKING KEY LEVELS FOR SPY AND QQQ BREADTH INDICATORS... Link for today's video. The breadth indicators for the Nasdaq 100 ETF and S&P 500 SPDR hit new highs this month and have yet to break down. Small-caps may be lagging and momentum names may be down... READ MORE
Today's charts feature five setups in various groups. A little chip maker found support near its prior gap with a breakout the last two days. An offshore driller shows signs of buying pressure after a breakout. An auto maker bounces off support. An industrial supply stock firms near... READ MORE
Stocks rallied on Monday with techs and small-caps leading the way. The Russell 2000 ETF gained over 1% and the Nasdaq 100 Equal-Weight ETF advanced .85% on the day. Seven of the nine sector SPDRs were higher with technology, finance and consumer discretionary leading. Their gains, however, were quite modest... READ MORE
Before there were scans, there were DecisionPoint Tracker Reports. While my scans are useful, the Tracker reports still provide some of the best timing and ranking information around to help you sniff out investment opportunities across the major indexes, ETFs, S&P 400, 500 & 600, mutual funds and... READ MORE
NASDAQ TURNS DULL AS BOLLINGER BANDS CONTRACT ... Link for today's video. The Technology SPDR (XLK) held up much better than the Nasdaq over the last few months and the performance contrast is quite stark. Chart 1 shows XLK challenging its early April high, while chart 2 shows the... READ MORE
Stocks remain mixed overall, but selling pressure is quietly spreading. The S&P 500 SPDR and Nasdaq 100 ETF continue to hold up well, but the Russell 2000 ETF and small-caps remain relatively weak. The market as a whole remains vulnerable as long as small-caps under perform. Note that... READ MORE
I've been very cautious about the stock market throughout most of 2014. There are warning signs galore. But the Russell 2000 has been hit particularly hard year-to-date, dropping approximately 10% from the high set in early March. That was the time when money began rotating away from many... READ MORE
Hello Fellow ChartWatchers! While the major averages were mixed last week with the Nasdaq up 0.5% and the Dow down 0.5%, in general the markets continued to weaken. Check out the Bullish Percent Index chart for the Nasdaq Composite: It has continued to move lower even after crossing... READ MORE
While U.S. stocks are starting to struggle on fears of high valuation, some money is starting to flow into foreign stocks that show better value. The chart below shows the S&P 500 doing better than foreign developed and emerging markets since the October 2011 bottom. During that... READ MORE
COMPARISON OF GLOBAL STOCK INDEXES ... While U.S. stocks are starting to struggle on fears of high valuation, some money is starting to flow into foreign stocks that show better value. Chart 1 shows the S&P 500 doing better than foreign developed and emerging markets since the October... READ MORE
The first chart below shows the 10-Year Treasury Note Yield (TNX) falling below its early February low in trading on Wednesday. That puts the TNX at the lowest level since last October. Normally, a falling bond yield signals that investors are turning more pessimistic on the economy. That seems strange... READ MORE
Our focus is so often on the short term, but an awareness of what is happening longer-term is essential to getting a complete sense of market condition. One useful long-term indicator is what we call the 1% EMA of the Advance-Decline Ratio. I first learned of this indicator from Stan... READ MORE
* Japanese Equities May be on the Verge of a Major Breakdown. * Yen Close to an Unexpected Upside breakout? * Nikkei has led Every US Stock Market Peak Since 1990. Normally Martin Pring's Market Roundup, the PMR, will give you a short-term synopsis of the US equity and bond markets... READ MORE
As noted in ChartWatchers two weeks ago, rising wedges are appearing on some key charts and chartists should watch these closely for directional clues. Even though the rising wedge can be a bearish continuation pattern, keep in mind that the immediate trend is up as long as the wedge rises.... READ MORE