The 20+ YR T-Bond ETF (TLT), which is one of the best performing ETFs this year, is challenging its October high after a 5+ percent advance this year. The double bottom lows are around 101 and resistance is set at 108. A breakout here would target further strength to the... READ MORE
FED REDUCES MONTHLY BOND PURCHASES BY ANOTHER $10 BILLION ... The Fed announced this afternoon that it will continue bond tapering program by reducing its February bond purchases from $75 billion to $65 billion. Some observers thought that Fed might back off on its tapering after the recent plunge in emerging... READ MORE
Stocks firmed on Tuesday and managed a bounce with the Russell 2000 ETF (IWM) leading the way. Eight of the nine sectors were up with the Finance SPDR (XLF) and HealthCare SPDR (XLV) advancing over 1.3%. The Technology SPDR (XLK) fell as weakness in Apple hit this market-cap weighted... READ MORE
FINANCE SPDR BECOMES MOST OVERSOLD SINCE 2011... Link for today's video. The Finance SPDR (XLF) is getting an oversold bounce after a very sharp decline. XLF led the market lower over the prior three days with a plunge from 22 to 21. Even though this is just one... READ MORE
CTXS Lags and Breaks Key Trend Line. CVC Makes a Big Move on Good Volume. Plus DS, DUK, KLAC, MCD 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... READ MORE
Stocks started the day weak, got a bounce in the afternoon and then moved lower in the final thirty minutes of trading. Overall, the major index ETFs closed with losses and small-caps led the way lower as IWM fell 1.46%. Small-caps were holding up well, but are starting to... READ MORE
The Sector Carpet is mostly red on Monday, but pockets of green can be seen within the utilities sector as money moves into this defensive area of the market. Pepco Holdings (POM) is leading the group with a 1.5% gain. DTE Energy (DTE) and Ameren (AEE) are also showing... READ MORE
RUSSELL 2000 ETF BREAKS IMPORTANT TREND LINE... Link for today's video. The Russell 2000 ETF (IWM) continued lower in early trading on Monday and broke the trend line extending up from early September. With a decline below 113, chart 1 shows the ETF moving to its lowest level... READ MORE
Stocks were finally hit with strong selling pressure over the last two days. Despite a sharp two-day decline, the bigger trends remain up and the mean reversion players are thinking bounce. SPY fell over 2% for the fourth time since August. The chart below shows daily candlesticks with the two... READ MORE
Hello Fellow ChartWatchers! The last two days of last week caused everyone to pause and re-evaluate their market opinions. That includes our stable of ChartWatchers analysts. Glancing over the headlines for their articles below, you'll see lots of use of the "B"-word... "Bearish."... READ MORE
My Wednesday message showed the close correlation between weak emerging market currencies and emerging market stocks. It showed the WisdomTree Emerging Currency Fund (CEW) threatening to break an important support line. The green line in Chart 1 shows that happening. After falling sharply on Thursday and Friday, the CEW closed... READ MORE
This bull market has been humming along since March 2009, but we cannot ignore the storm clouds building on the horizon. The technical conditions have slowly deteriorated with the highly influential banking industry ($DJUSBK) reversing hard last week with a long-term negative divergence present on its weekly chart. Those weekly... READ MORE
Last week's trade was rather bearish from a technical perspective, for many of the US and world indices forged "bearish weekly key reversals" to the downside. To us, this suggests that a larger correction is underway - perhaps -10%...but perhaps a greater percentage. For now,... READ MORE
The head and shoulders pattern is frequently how a price index puts in a top, and, while it may be a bit early to start talking about it, it is one possible scenario that we can anticipate. A few weeks ago we identified a rising wedge pattern, which believed would... READ MORE
PLUNGE IN EMERGING CURRENCIES PULLS STOCKS LOWER ... My Wednesday message showed the close correlation between weak emerging market currencies and emerging market stocks. It showed the WisdomTree Emerging Currency Fund (CEW) threatening to break an important support line. The green line in Chart 1 shows that happening. After falling sharply... READ MORE
It has been a rough year for stocks and two key offensive sectors are leading the way lower. I like to group the sector SPDRs into three groups: offensive, defensive and other. The consumer discretionary, technology, finance and industrials sectors are offensive because they are key to market performance. The... READ MORE
SIZING UP A POTENTIAL CORRECTION IN SPY... Link for today's video. Stocks have been quite mixed up in January. This mixed trading applies to the major index ETFs and the sector SPDRs. First, we saw new highs in the Russell 2000 ETF (IWM), the Nasdaq 100 ETF (QQQ)... READ MORE
“Tell me and I forget. Teach me and I remember. Involve me and I learn.” Those are the words of Benjamin Franklin. I’ve been a stock market trader for 25 years now, and one of the most persistent and recurring questions I get from my circle of fellow full-time... READ MORE
The stock market finished strong in 2013, but has not been able to gain much traction in 2014. Instead, money has moved into the Gold SPDR (GLD) and the 20+ YR T-Bond ETF (TLT). The intermarket PerfChart shows TLT and GLD with 4+ percent gains year-to-date. Meanwhile, the S&... READ MORE
Stocks were hit with some selling pressure this week, but the bigger trends are unaffected and remain up. The market is split with pockets of weakness and pockets of strength. The consumer discretionary is lagging with a four week low, while the technology sector is leading with a new high... READ MORE
Stocks got hit with selling pressure, but the declines were not that deep. The Dow Diamonds (DIA) led the way lower with a 1.08% loss. The Nasdaq 100 ETF (QQQ) held up the best with a .38% decline. All sectors were down with three of the four offensive sectors... READ MORE
JP Morgan (JPM) is leading the finance sector lower on Thursday with a gap and support break. This gap should be considered a breakaway gap as long as it remains unfilled. The indicator window shows the MACD Histogram moving to its lowest level in over four months. This means the... READ MORE
THURSDAY SEES BIG MOVES IN EQUITIES, COMMODITIES, CURRENCIES AND BONDS.... Almost everything was moving around 1% today. You can see on Chart 1, this is my TOP 15 THINGS TO WATCH Chart list. I get a quick snapshot of the intraday action in each group. For the big picture, the... READ MORE
The edging continues as stocks once again edged higher with techs and small-caps leading the way. The Dow Diamonds (DIA) once again lagged with a small loss, which can be blamed on IBM. The sectors were mixed with the Technology SPDR (XLK) falling a fraction and the Materials SPDR (XLB)... READ MORE
AFL Underperforms with Bearish Pennant. CIEN Recovers after Break Down. Plus DDR, HRB, IP, JOY, OXY 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... READ MORE
Momentum darling Chipotle (CMG) has come under selling pressure with eight filled candlesticks in a row. A filled, or black, candlestick forms when the close is below the open, which indicates selling pressure after each open. Should today's long filled candlestick remain, a rare three black crows pattern... READ MORE
2008 COMMODITY PEAK ENDED EMERGING MARKET BOOM... My Monday message expressed the view that a stronger U.S. dollar during 2014 would have important ripple effects around the globe. One effect would be a stronger performance by U.S. stocks relative to foreign stocks. Another would be stronger performance by... READ MORE
Stocks edged higher on Tuesday, which fits with the seasonal tendencies after a three day weekend in January. The Russell 2000 ETF (IWM) led the way with a .60% gain. The Dow Diamonds (DIA) lagged with a .21% loss though. Eight of the nine sectors were up with energy and... READ MORE
QQQ AND IWM MAINTAIN BREAKOUTS AND LEADERSHIP... Link for today's video. The major index ETFs remain in uptrends and these uptrends may seem long in tooth, but we have yet to see sustained selling pressure or a significant decline (10%). Declines were limited because buyers were quick to... READ MORE
The PerfChart below shows three month performance for seven auto stocks, six of which feature in the Global Auto ETF (CARZ). Notice that Fiat, VW and Damlier have the biggest gains. Even though these three are based in Europe, they have global reach and benefited from strong auto sales elsewhere.... READ MORE
Stocks were all over the place last week and ended mixed. The major index ETFs swooned on Monday, but recovered with a surge on Tuesday and strong open on Wednesday. A little profit taking took hold on Thursday-Friday as stocks gave some back at the end of the week. Overall,... READ MORE
Download 140121acCNL Holds Triangle Breakout. CPB Fails at Resistance. Plus FAST, LOW, PNRA, GLQC 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
US DOLLAR STARTS THE NEW YEAR ON A STRONG NOTE ... The U.S. dollar has entered 2014 on a strong note. Chart 1 shows the U.S. Dollar Index ($USD) trending higher during January which continued its stronger pace since late October. The USD is now moving up to challenge... READ MORE
Electronic Arts (EA) came to life with its second bounce off support and a breakaway gap. This gap occurred on high volume and the stock broke above the late December high. Friday's move put EA into positive territory for the year. In addition, the StockCharts Technical Rank (SCTR)... READ MORE
SMALL-CAPS AND LARGE-TECHS LEAD THE MARKET... Link for today's video. Four of the five major index ETFs I track recorded new highs this week to affirm the current uptrend in the stock market. These include the S&P 500 SPDR (SPY), the Nasdaq 100 ETF (QQQ), the... READ MORE
“Mr. Roze: we’d like to offer you 90 minutes to speak to our group and tell us all you know about investing.” I have actually received this sort of invitation more times than you can imagine. Let me personalize it. If you are an accountant, engineer, doctor, lawyer or... READ MORE
New highs say it all. The AD Lines and AD Volume Lines hit new highs. Four of the five major index ETFs also hit new highs, as did two of the four offensive sectors hit new highs. We can argue about overbought conditions and the odds of a pullback, but... READ MORE
It was a mixed day for stocks as the major index ETFs treaded water most of the day. The Russell 2000 ETF (IWM) edged higher (+.12%), while the S&P 500 SPDR (SPY) edged lower (-.13%). The sectors were mixed with small losses in the offensive sectors (XLK,... READ MORE
As its name suggests, the Market Summary provides an excellent overview of the financial markets in one page. There are nine tables representing nine different groups. A quick scroll through Thursday's tables reveals some buying interest in several commodity-related ETFs: Copper (CU), Natural Gas (UNG), Sugar (SGG), Coffee... READ MORE
THE INTERCEPT COMES ROARING BACKWARDS... The Biotech Index has recently accelerated with Intercept Pharmaceuticals going ballistic last week. On Chart 1, ICPT shot up from $75 to almost $497 in 2 days. ICPT has since pulled back to $276.00. Investors may look for a basing pattern in the stock... READ MORE