$ARUN Shows Relative Weakness with Support Break. $CLF Forms Trio of Bearish Candlestick Patterns. Plus $DE, $GLW, $NFLX Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click... READ MORE
JP Morgan (JPM) broke short term support with a sharp decline on Monday. With a lower high taking shape, the stock is forming a larger head-and-shoulders reversal over the last few months. Also notice that JPM shows relative weakness and the Accumulation Distribution Line already broke the summer low. Click... READ MORE
FINANCE SECTOR AND REGIONAL BANKS WEIGH ON MARKET... Link for today's video. I wrote about relative weakness in the Finance SPDR (XLF) last week and this key sector is weighing on the market today. Banks could be under pressure because of a high level of uncertainty at the... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** The on-off-on taper talk is back on again. That didn't take long. The markets prepared for a Fed taper from April to August and the... READ MORE
Hello Fellow ChartWatchers! We've just complete a terrific visit to the New York area where we held our two day SCU seminars and where I was able to squeeze in a visit to the Long Island Stock Traders Meetup Group. During my presentation to the Long Island group,... READ MORE
Federal Reserve Chairman Ben Bernanke has had several mandates since the financial crisis began several years ago. One was to keep interest rates extraordinarily low for an extended period of time. Check. Another was to make the Fed more transparent. This one was humming along just fine....until Wednesday'... READ MORE
The Fed surprised everyone yesterday by deciding not to start its widely anticipated tapering of bond purchases. Although that decision was a surprise, market reactions weren't. In fact, each market did pretty much was one would expect. Bond yields tumbled and bond prices soared. Stocks surged around the... READ MORE
When looking at a chart that shows new 52-week highs and lows, have you ever wondered what is happening with all the other stocks in the index? Where are they in relation to their 52-week high-low range? DecisionPoint.com's "Rel-to-52" index provides that answer. DecisionPoint.com... READ MORE
After bottoming in late June and advancing some 15%, the Metals & Mining SPDR (XME) hit resistance in the 39 area with a pop-and-drop this week. The chart below shows XME surging above 39 on the FOMC statement day and then giving most of it back with a decline below... READ MORE
CONSUMER DISCRETIONARY, INDUSTRIALS AND TECHNOLOGY SPDRS HIT NEW HIGHS... Link for today's video. Even though the finance sector is lagging the market this month, the other three offensive sectors are picking up the slack and showing relative strength. There are different ways to measure relative performance and find... READ MORE
The Treasury market was thrown for a loop this week as the Fed unexpectedly decided not the taper. The chart below shows the 2-Year Treasury Yield ($UST2Y) bearing the brunt of this "adjustment". Notice how the yield advanced as tapering talk took hold from April to August. After... READ MORE
“Yesterday is a cancelled check, tomorrow is a promissory note, today is all about the equity in your hand so watch it closely.” I twisted around a famous quote to make my point. It’s understandable human nature that after the excitement of the hunt (i.e. stalking), and the... READ MORE
The indicator summary got another upgrade this week as SPY momentum improved. All indicators are in bull mode and the majority have been bullish since early December, which is one long run for bullish technicals. The NYSE AD Line is the lone laggard because it has yet to clear its... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** After big moves on Wednesdays, the markets took a breather on Thursday and traded relatively flat. Stocks were flat, treasuries pulled back a little, gold stalled, the... READ MORE
The Regional Bank SPDR (KRE) perked up with a bounce above 36 on Tuesday, but gave it back with a sharp decline on Wednesday-Thursday. Broken support and the late August gap ultimately held as resistance. The flag break signals a continuation lower. Also notice that KRE shows relative weakness as... READ MORE
RATE SENSITIVE STOCKS SURGE ON BOND RALLY... The Fed surprised everyone yesterday by deciding not to start its widely anticipated tapering of bond purchases. Although that decision was a surprise, market reactions weren't. In fact, each market did pretty much was one would expect. Bond yields tumbled and... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** It is amazing what a mere 10-15 billion Dollars can do. The Fed has been buying $85 billion worth of bonds for months now. With mere thoughts... READ MORE
CY Bounces off Broken Support. FSLR Forms Small Inverse HS Pattern. Plus GIS, SCTY, WDC, WY Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here for... READ MORE
The Dollar fell sharply on Wednesday and this provided a big boost to precious metals, copper and oil. The screen shot below comes from the Intraday Market Summary Page. The Silver Trust (SLV) led precious metals with a 6.44% surge. The Copper ETF (JJC) advanced over 3% and the... READ MORE
STOCKS EXTEND UPTRENDS AFTER THE SEPTEMBER SURPRISE ... Link for today's video. The September Fed meeting has come and gone, and nothing changed, which was a surprise to most pundits. In its policy statement, the Fed decided not to taper its bond-buying program because the FOMC wants to wait... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks continued to plow higher as the Russell 2000 ETF (IWM) advanced around 1% and the Nasdaq 100 ETF (QQQ) gained .67% on the day. Eight of... READ MORE
The Nasdaq is moving higher with eight of the ten most active stocks advancing. DELL and QQQ are also up, but I am leaving them out of the top ten. Facebook (FB) is leading the charge with a 5+ percent gain, and Intel is up over 1.5% on the... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** It was pop and drop for the stock market on Monday. Stocks opened strong on news that Lawrence Summers withdrew his name from contention for the Fed... READ MORE
ATVI Holds Channel Breakout. EBAY Shows Relative Weakness. Plus DANG and PMCS Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here for iPad/iPhone Version This... READ MORE
The screenshot below comes from the Predefined Technical Alerts Summary. There is a lot of strength in the stock market with the Russell 2000 and Nasdaq hitting multi-year highs. Also note that six sector SPDRs also recorded multi-year highs.... READ MORE
FINANCIALS AND INDUSTRIALS LEAD MARKET HIGHER... Link for today's video. The Finance SPDR (XLF), the Industrials SPDR (XLI) and the Basic Materials SPDR (XLB) are leading the stock market sectors with the biggest gains on Monday. Also note that XLI, XLB, the Consumer Discretionary SPDR (XLY), the Technology... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks remain strong overall and look to get stronger because S&P 500 futures are trading around 1% higher in pre-market (4AM). Stocks and gold are... READ MORE
Intel is on the move with its second gap of the month. Intel started September strong with a small gap and surge above 22.50. After a small three day pullback this week, the stock continued higher again with a gap above 23. Relative strength is also improving as the... READ MORE
SMALL-CAPS CONTINUE TO OUTPERFORM LARGE-CAPS... Link for today's video. September has been a good month for stocks with the Russell 2000, Nasdaq and S&P 500 advancing over 3% month-to-date (nine trading days). The Russell 2000 is the leader of the pack as small-caps continue to show... READ MORE
When I go to the Barrett-Jackson car auction in Scottsdale each year, I get literally glassy-eyed. Just too many cars I want to buy. But usually, I’m jarred back into reality by the acknowledgement that I ran out of garage space long ago. I’ve known stock market investors... READ MORE
The indicator summary got a few upgrades this week. In particular, we saw an improvement in NYSE breadth. The NYSE AD Line held above its June low and surged over the last two weeks. With this advance, Net New Highs improved and the Cumulative Net New Highs line moved above... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks took a breather on Thursday with the major index ETFs edging lower. The Russell 2000 ETF (IWM) led the way with a .73% decline. Seven of... READ MORE
It has been a good month for eight of the nine sectors. Eight of the nine are up month-to-date with the Consumer Discretionary SPDR (XLY), Industrials SPDR (XLI) and Finance SPDR (XLF) among the leaders. It is positive to see three of the four offensive sectors leading during a broad... READ MORE
SHIPPING RATES SOAR AS CHINA BUYS MORE ORE... This headline is from today's Wall Street Journal (by Costas Paris and Francesa Freeman, p.C1). I'm writing about it today because it fits into comments made in my last market message about how a rising Chinese stock... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks were mostly higher on Wednesday, but the gains were small and there were pockets of weakness in the market. The Dow Industrials SPDR (DIA) led the... READ MORE
CQP Firms above Prior Low. PFE Bounces off Key Retracement. Plus PEP and SSP Video is at top. Individual charts are below. **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here for iPad/iPhone... READ MORE
SPY EXTENDS BREAKOUT WITH A GAP... Link for today's video. The S&P 500 ETF (SPY) ended its correction with a breakout last week and surge above 168 this week. First, I think we can all agree at the long-term trend for SPY (aka The Stock Market)... READ MORE
The video and chart below shows the AD Line for the S&P 1500 breaking above its mid August highs with a surge the last few days. This move appears to have ended the short-term downtrend that began in early August. Click here for a live chart... READ MORE
**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Stocks put in another solid performance with the Russell 2000 ETF (IWM) and the S&P MidCap 400 SPDR (MDY) gaining around 1%. All nine sectors... READ MORE
The Finance SPDR (XLF) is starting to perform with a nice surge over the last two weeks. Notice how the ETF broke the August trend line and filled the late August gap to signal an end to the current correction. The Vortex Indicators confirmed as +VI moved above -VI. Click... READ MORE