COST Holds the Gap FDX Breaks a Flag Line. Pus GERN, GS, JBL, X 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 sell-short... READ MORE
Altera, which is part of the semiconductor group, is showing relative strength this year with a price breakout and new high for the year (2014). The stock established support from mid November to mid January and broke out with a gap in January. After some backing and filling, the stock... READ MORE
HEALTHCARE SPDR BOUNCES OFF TREND LINE ZONE... Link for today's video. The HealthCare SPDR (XLV) has been one of the strongest sectors in the stock market this year, and shows no signs of letting up. Chart 1 shows the XLV hitting a new high in mid January, pulling... READ MORE
Stocks rebounded at the end of the week with the S&P 500 SPDR (SPY) and Nasdaq 100 ETF (QQQ) posting modest gains (+.84% and +1.19%). The Russell 2000 ETF (IWM) and the Russell MicroCap iShares (IWC), however, posted weekly losses of 1.26% and 1.91%, respectively.... READ MORE
Hello Fellow ChartWatchers! I've got just a short, mini-version of our newsletter for you this week with some important information on a couple of topics: 1. John Murphy's latest market outlook 2. A new, free(!) online book from John Murphy 3. ChartCon 2014 - our upcoming... READ MORE
Hello again everyone! Since the announcement of the DecisionPoint/StockCharts merger, I have had numerous questions and concerns from DP members about when and how DP features and charts will be transitioned to the StockCharts.com platform. First and foremost, please remember that DP features will be added to StockCharts... READ MORE
200-DAY AVERAGES HOLD... Despite a weak jobs report on Friday, stocks had an impressive price rebound on Thursday and Friday. That was partially due to a short-term oversold condition. Chart 1 shows the 14-day RSI line for the Dow Industrials bouncing from oversold territory near 30 (although its daily MACD... READ MORE
SPY GETS OVERSOLD BOUNCE... Link for today's video. Stocks started the week under selling pressure as the S&P 500 SPDR (SPY) plunged below 175 on Monday to create a short-term oversold condition. Chart 1 shows the ETF with a support zone marked by the November low,... READ MORE
After a plunge below 78 to start the week, the Retail SPDR (XRT) firmed with a harami on Monday-Tuesday and then formed a hammer on Wednesday. These are bullish candlestick reversal patterns that require confirmation, which came with a gap and surge to 80. Even though the short-term reversal is... READ MORE
“We envisioned this from day one. We prepared for this. We expected this. We deserve this.” —Pete Carroll, Coach of the Seattle Seahawks 2014 Super Bowl Champions Pete Carroll’s statement may sound cocky, but it’s preceded by a great deal of preparation and hard work. The cocky mentality... READ MORE
Stocks got their oversold bounce with a decent advance, but small-caps lagged and breadth could have been stronger. SPY fell sharply on Monday and was down over 5% year-to-date at the time. The ETF firmed for two days and then bounced with its biggest 1-day advance of the year, which... READ MORE
Network security company Palo Alto Networks is resuming its uptrend with a flag breakout on twice its average volume. PANW surged to a new high earlier this year and pulled back with a flag the last few weeks. Notice that broken resistance turned into support in the 58 area. The... READ MORE
EURO STROKES A REVERSAL CANDLE ... The Euro has a slow negative slope to it as shown in Chart 1. We can also see the recent trend line break has been cancelled by the move today. The Euro now resides above the trend line, but below the down sloping 50 DMA.... READ MORE
Stocks remained under pressure with the Russell 2000 ETF (IWM) falling .75% and the S&P 500 SPDR (SPY) losing .12%. Selling pressure, however, was contained as the Dow Diamonds (DIA) ended the day with a small gain. The sectors were mixed with the Energy SPDR (XLE) falling .98%... READ MORE
Three Stocks with a Selling Climax Plus Three Firming at Support 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 sell-short said securities** This... READ MORE
BOND YIELD TEST NEARS CHART SUPPORT ... The downturn on bond yields at the start of the year forewarned of a pullback in stocks. Both have fallen together as some money left stocks for the relative safety of Treasury bonds. Chart 1, however, shows the 10-Year Treasury Note Yield ($TNX) very... READ MORE
Edwards Life Sciences (EW) has been underperforming the biotech group for over a year, but the stock showed signs of buying interest with a bullish engulfing on high volume and follow through surge on Wednesday. Also note that support in the 65 area extends back to May and the stock... READ MORE
Stocks got a small bounce on Tuesday with mid-caps leading the way higher. All sectors were higher with the Consumer Discretionary SPDR (XLY), Finance SPDR (XLF) and Energy SPDR (XLE) gaining over 1%. All three were beaten down pretty good and were ripe for some sort of bounce. With a... READ MORE
Stocks took a beating over the last few weeks, and some more than others. The Sector MarketCarpet below reflects the absolute value for RSI on February 3rd. Stocks with low RSI values have dark red squares, while stocks with relatively high values have green squares. Most of the green can... READ MORE
DOWN TURN IN YIELD CURVE WEIGHS BANKS... Link for today's video. Regional banks got hit hard over the last few weeks as the yield curve turned down this year. The yield curve affects banking profits because banks make money by borrowing short, lending long and capturing the spread.... READ MORE
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 sell-short said securities** This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy,... READ MORE
Stocks got slammed as the perfect storm just got more perfect. The list of negatives continues to grow. Starting internally, stocks were ripe for a correction in mid January and the Consumer Discretionary SPDR (XLY) has underperformed the entire year. Externally, the 20+ YR T-Bond ETF (TLT) has outperformed the... READ MORE
It has been a rough few months for LinkedIn as the stock fell from the 255 area in September to the 200 area in early December. The stock, however, is finding some support near the rising 200-day moving average with a big bullish engulfing. After a pullback in mid January,... READ MORE
SPY BREAKS KEY SUPPORT LEVEL ... Link for today's video. After a big decline in mid January, stocks consolidated last week with flags and pennants forming in several ETFs. Flags and pennants are short-term continuation patterns that form after a sharp move. Chart 1 shows the S&P... READ MORE
Hello Fellow ChartWatchers! And that includes a special "Hello!" to all DecisionPoint.com members that have just joined us. Yes, in case you haven't heard, StockCharts.com has acquired DecisionPoint.com and we are now working hard to incorporate all of great features that DecisionPoint has... READ MORE
After a big decline two weeks ago, stocks moved into a choppy consolidation last week. SPY produced three gaps two weeks ago and another three gaps last week. SPY gapped down from resistance on 23-Jan and gapped down again on 24-Jan en route to a sharp two-day decline. This decline... READ MORE
An early January message (January 11) talked about the need to do some rotating out of over-extended stock market groups that did especially well during 2013 into more defensive (and dividend-paying) groups that had been market laggards. The two I mentioned were utilities and REITs. I mentioned those two groups... READ MORE
Signs of a sustainable bull market rally include strong relative performance from financial stocks, especially banks, and rising treasury yields that result from rotation away from treasuries. Both of these areas of the market are flashing warning signs right now, although technical breakdowns to confirm the weakness have not yet... READ MORE
HEAVY DOWNSIDE VOLUME ISN'T A GOOD SIGN... The stock market ended the week as it began -- on the downside. Two low-volume bounces on Tuesday and Thursday were followed by higher volume declines on Wednesday and Friday. Charts 1 and 2 show the Dow Industrials and S&... READ MORE
High-Low Percent for the S&P 1500 dipped into negative territory in late January. This is potentially significant because prior dips did not extend past the -2% level and marked turning points in the S&P 1500. The chart below shows the S&P 1500 High-Low Line... READ MORE
Hello! There is very exciting news today - our website, DecisionPoint.com, is merging with Stockcharts.com! As part of that merger, I'm starting this new blog to help both DecisionPoint members and StockCharts members learn about how to use DecisionPoint features together with StockCharts features and get... READ MORE
BLAME XLY AND TLT BEFORE EEM... Link for today's video. There is certainly a lot of blame to go around for the recent weakness in the stock market. First, the employment report missed expectations at the beginning of January and this kept a bid in the bond market.... READ MORE
I had breakfast the other day with a group of friends, and we spent the morning discussing what it meant to be ‘in the Zone’. Interestingly, we had four very different perspectives. One person came from a professional athletic perspective, another was a race car driver, another was a minister... READ MORE
It has been a rough year for global equity markets, but the S&P/TSX Composite ($TSX) is bucking the trend with a small gain year-to-date. Notice that the Hang Seng Composite ($HSI) and Nikkei 225 ($NIKK) are leading Asia lower, while the Bovespa ($BVSP) is weighing on Latin... READ MORE
Stocks were hit with more selling pressure and the major index ETFs are now down year-to-date. This was enough to push the momentum indicators into negative territory and prompt a downgrade. This pullback, however, could be just a correction. Interestingly, large-caps led this decline and small-caps are holding up well.... READ MORE
Stocks got an oversold bounce with the major index ETFs gaining over 1% on the day. All nine sectors moved higher with the consumer discretionary, finance, technology, healthcare and utilities sectors gaining over 1%. The Home Construction iShares (ITB) lagged with a small loss and the Retail SPDR (XRT) only... READ MORE
$SPX FED DATES CREATE SUPPORT AT 1775... The stock market has returned back to the level that was first touched on the Oct 30th Fed meeting at 1775 as shown in Chart 1. After running back below 1750 in November, the reversal came in right after the large black engulfing... READ MORE
After a sharp decline the last three days, the stock market was oversold and ripe for a bounce. Looking through the predefined scans page, chartists can find a great scan for this situation, such as the "oversold with an improving RSI" scan. While not every stock has a... READ MORE
ALTR Attempts to Hold Breakout. MSFT Bounces on Good Volume. Plus HUM, HFC, TSO, VZ 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
After a small bounce late Monday and Tuesday, stocks opened weak and remained weak on Wednesday. Stocks are still short-term oversold and the long-term trend remains up. This means we have a setup for an oversold bounce. The chart below shows the 10-day SMA for S&P 1500 AD... READ MORE