Amazon (AMZN) remains in a short-term uptrend, but the stock is nearing a potential reversal zone. First, notice that the stock broke down with high volume in late January. After some bouncing in February, AMZN mounted an advance the last four weeks and retraced around 62% of the prior decline.... READ MORE
Stocks extended their gains ahead of today's Fed meeting. The Russell 2000 ETF (IWM) led the charge with a 1.5% advance. Techs were also strong as the Technology SPDR (XLK) led the sectors with a 1.3% gain. Strength in the Semiconductor SPDR (XSD), Internet ETF (FDN)... READ MORE
US Steel (X) is getting a bounce off support on the price chart and its SCTR is breaking above 50 with a big move. This list below shows eleven S&P 500 stocks with the biggest changes in their StockCharts Technical Rank (SCTR). Two are HMO stocks (UNH, WLP)... READ MORE
Central Gold Trust (GTU) is a closed-end mutual fund, which means that it trades like a stock on the NYSE. The fund owns only gold -- the metal, not stocks. Closed-end funds trade based upon the bid and ask, without regard to their net asset value (NAV). Because of this,... READ MORE
SPY SUCCESSFULLY TESTS FIRST SUPPORT LEVEL... Link for today's video. The S&P 500 SPDR (SPY) fell sharply last week, but firmed on Friday and bounced off support this week. Chart 1 shows SPY breaking out to a new high with a gap in early March. This... READ MORE
Stocks surged on Monday with the Dow Diamonds (DIA) leading the way (+1.07%). All sectors were higher with the industrials, finance and technology sectors gaining over 1%. The consumer discretionary sector lagged a bit with a .67% gain. Housing stocks will be in focus today and the FOMC will... READ MORE
AAPL Breaks Wedge after Engulfing Pattern. ADP Breaks Out of Flag on Good Volume. Plus COP, CTXS, CY Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to... READ MORE
Having basically "grown up" using the DecisionPoint.com website charts, it was critical to me to create these ChartStyles on Stockcharts.com as soon as I could. If you really like these DP ChartStyles, you can copy them from this blog and I'll show you how... READ MORE
Stocks were hit with selling pressure last week as the major index ETFs declined 1.75-2.25 percent. The declines were relatively modest and came the week after most major index ETFs and sector SPDRs hit new highs. This means the long-term trend is still up and any short-term weakness... READ MORE
In his book "Winning on Wall Street", the late Marty Zweig showed us the value of volume ratios. A ratio of 9:1 or greater of up/down volume is considered to be very bullish and 9:1 down/up volume is considered to be very bearish. We... READ MORE
The DecisionPoint.com Daily Blog on the old website is now using Stockcharts.com generated charts. Many subscribers to the Blog are clicking on the charts to open them in the SharpCharts Workbench which is fantastic! Unfortunately, when they get there, the workbench has limited features and time frames available.... READ MORE
Nope, I'm not referring to college basketball. Instead, it's this wacky stock market. In my last article, I discussed several reasons why the 2014 advance is on shaky ground. Since then, we've seen increased volatility and lots of whipsaw action. Earlier in March, our... READ MORE
My Wednesday message warned that the Dow Industrials could run into profit-taking near its January highs, and that weekly indicators for the S&P 500 were giving "negative divergences" which also warned of a market pullback. Combined with increased tensions in the Ukraine and increased concerns about... READ MORE
Hello Fellow ChartWatchers! There's been a sea-change in the markets with the recent uncertainty about Russia and the Ukraine. Almost instantly the bullishness on the Sector Rotation charts turned into bearish concern with defensive sectors like Utilities taking off. John Murphy, Art Hill and the rest of our... READ MORE
Stocks and bonds have been inversely correlated for most of the last four years, which means they tend to move in opposite directions. This inverse correlation showed up in January as stocks swooned and Treasuries surged. February was mixed because stocks surged and Treasuries traded flat. The inverse correlation reasserted... READ MORE
U.S. STOCKS HAVE A BAD WEEK ... My Wednesday message warned that the Dow Industrials could run into profit-taking near its January highs, and that weekly indicators for the S&P 500 were giving "negative divergences" which also warned of a market pullback. Combined with increased tensions... READ MORE
SPY FILLS THE GAP AND TESTS FIRST SUPPORT... Link for today's video. Stocks fell back this week and finally alleviated some of the short-term oversold conditions that built up in early March. The bulk of the evidence remains bullish for stocks, but the list of concerns grew this... READ MORE
President Harry Truman once said “We must have strong minds, ready to accept facts as they are.” He must have been addressing a convention of individual investors. Let me pick-up this week where I left off last week. If you missed last week’s blog, I suggest you visit that... READ MORE
Stocks came under broad selling pressure with the Nasdaq 100 ETF (QQQ) leading the way lower. The major index ETFs fell with losses ranges from 1% to 1.5%. These losses are relatively modest. Eight of the nine sectors were down. The Utilities SPDR (XLU) bucked the trend and posted... READ MORE
On a day with plenty of selling, you will often see a downward spike in the TRIN reading. Readings of over 2.0 are frequently followed by a price rebound the following day. Indeed, many of these high readings actually precede price bottoms. It is most likely too early to... READ MORE
In his book "Winning on Wall Street", the late Marty Zweig showed us the value of volume ratios. A ratio of 9:1 or greater of up/down volume is considered to be very bullish and 9:1 down/up volume is considered to be very bearish. We... READ MORE
GOLD MINER ETFS ARE ALL THE RAGE... On the Top 10 Up ETF tab, the gold miners look particularly strong. The list that is shown in Chart 1 was dominated by precious metal ETF's today. GDXJ represents a flag pattern. It is trying to break out to the... READ MORE
Programming note: Charts of Interest will not be posted today and return next Tuesday. Stocks were mixed on Wednesday and the major index ETFs have edged lower over the past week. The Nasdaq and NYSE AD Lines are near support zones, as is the NYSE AD Volume Line. The Nasdaq... READ MORE
Stocks in the utilities sector stood out on Wednesday. As the Sector MarketCarpet below shows, the utilities sector has the most, and darkest, green of the nine sectors (blue outline). Only one square (ED) was red. This showed broad strength within the sector and it was enough to power the... READ MORE
MAJOR DIVERGENCE IN COMMODITY RALLY... I've written several messages about the recent rise in commodity prices. I've also pointed out, however, that most of the commodity gains were in weather-related agricultural markets (and natural gas). From an intermarket perspective, however, weather-related markets have much less impact... READ MORE
Stocks extended their correction with small-caps leading the way lower. The Russell 2000 ETF (IWM) and the Russell MicroCap iShares (IWC) led the major index ETFs lower with declines around 1%. All sectors were down with the Materials SPDR (XLB) and Energy SPDR (XLE) getting hit the hardest. Spot Copper... READ MORE
Yelp ($YELP) came across the Three Black Crows scan on Tuesday. It all started with a black candlestick three days ago (Friday). The stock then opened above the Friday's close on Monday and sold off to form another black candlestick. The stock opened above Monday's close... READ MORE
Good news DecisionPoint.com transplants and StockCharts technical analysts - the DecisionPoint Market Indicator ChartPack has been released! This ChartPack includes the market indicators that made Carl Swenlin and DecisionPoint famous. If you are a DecisionPoint users, you really should install this ChartPack! Instructions for doing that are below. The... READ MORE
CONSUMER STAPLES SPDR MINDS THE GAP ... Link for today's video. The Consumer Staples SPDR (XLP) extended its advance with a gap up in early March and an approach to the 2013 highs. Chart 1 shows XLP plunging below support in late January and rebounding sharply in February to... READ MORE
AKS Finds Support with Good Volume. DGX Forms Bullish Hammer. Plus DNR, FNSR, HLF, INTC Individual charts are below video. Sorry but your browser doesn't support HTML5 video. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or... READ MORE
Stocks took a breather on Monday as the major index ETFs traded mixed. The Nasdaq 100 ETF (QQQ) closed with a miniscule gain, while the S&P 500 SPDR (SPY) closed with a fractional loss. The sectors were also mixed with the five down and four up. The HealthCare... READ MORE
While the other major indexes in the DP Chart Gallery (SPX, OEX and DJIA) continue to show positive momentum with rising Price Momentum Oscillator (PMO) readings, I noticed the Nasdaq 100 intermediate-term indicators including the PMO reveal weakness. In the chart below note that the PMO has topped and both... READ MORE
SHANGHAI COMPOSITE FORMS YET ANOTHER LOWER HIGH... Link for today's video. It is tempting to suggest that the Shanghai Composite ($SSEC) is testing a major support zone, but the trend is clearly down and support levels are not expected to hold in downtrends. Chart 1 shows the index... READ MORE
The major index ETFs extended their uptrends with new highs last week. These advances are getting extended with the Russell 2000 ETF (IWM) and S&P MidCap SPDR (MDY) up around 10% in the last five weeks. Nevertheless, the short-term trends are up and we have yet to see... READ MORE
Yes! It's Carl. I thought it was about time that I contribute to the new DecisionPoint blog on StockCharts.com. I plan to periodically blog here when I find something of particular interest that I'd like to share, similar to the Chart Spotlight on DecisionPoint.com.... READ MORE
I am thrilled to announce that StockCharts members - including all DecisionPoint.com members - can now install two new DecisionPoint ChartPacks for free! We've just released our popular "Straight Shots" charts and our Rydex Asset Analysis charts as installable ChartPacks for your StockCharts account. But... READ MORE
COPPER FOLLOWS THE DOLLAR LOWER... Link for today's video. Stocks extended their winning days as most of the major stock indices hit new highs again this week. A new high in the Finance SPDR (XLF) and renewed relative strength in the finance sector is perhaps the most significant... READ MORE
A quick survey of the Amazon website lists over a dozen books written by Jack Schwager, but that is not what impresses me the most. What I find worthy for some sort of listing in the Guiness Book of World Records is that in writing these volumes, he has gained... READ MORE
Chartists can identify mutual fund leaders and laggards using the Rydex, Fidelity and Profunds MarketCarpets. Note that these are updated after the market close. As the MarketCarpet below shows, the Gold Fund, Leisure Fund, Latin America Fund, Japan Fund and Nordic Fund led on Thursday. Funds associated with Biotechs, Healthcare,... READ MORE
Stocks finished mixed again with some strength coming into the S&P 500 SPDR (SPY) and some weakness in the Russell 2000 ETF (IWM). The moves, however, were fractional and insignificant. Six of the nine sectors were up with the three defensive sectors moving lower (healthcare, utilities and consumer... READ MORE