The S&P 1500 AD Line ($SUPADP), which is a key breadth indicator, has yet to break support and remains in bull mode. Notice how the AD Line established lows from mid July to early August. These lows mark a support zone that chartists should watch for clues on... READ MORE
Stocks opened weak on Monday, but quickly recovered and edged into positive territory. The overall gains were rather paltry with the Nasdaq 100 ETF (QQQ) gaining .24% and the Russell 2000 ETF (IWM) advancing .53%. The sectors were mixed with small gains and losses. The Technology SPDR (XLK) stood out... READ MORE
CY Consolidates after Big Surge. DE Bounces off Support with Good Volume. Plus FST, INTC, MXIM, SWKS Video at end of commentary **This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** Click here for iPad/iPhone... READ MORE
After surging and breaking resistance in July, the US Oil Fund (USO) pulled back with a falling flag the last few weeks. USO made its first move with a surge over the last two days. A follow through breakout above flag resistance would signal a continuation higher. Chartists can also... READ MORE
SPY AND IWM EXTEND CONSOLIDATIONS ... Link for today's video. After a big move from late June to mid July, stocks turned indecisive the last few weeks as the market consolidated. Chartists can now watch the consolidation lows in the major index ETFs for signs that a correction is... READ MORE
The Shanghai Composite ($SSEC) and the Hang Seng Index ($HSI) surged over 2% on Monday, but the Nikkei 225 ($NIKK) fell and US stock futures are trading lower. Chinese shares are up because there were some positive economic reports late last week. Gold is also up and going for a... READ MORE
COPPER, MINING AND STEEL ETFS EXTEND BOUNCE - SCTRS REMAIN RELATIVELY LOW THOUGH... Link for today's video. The Copper Miners ETF (COPX), the Metals and Mining ETF (XME) and the Steel ETF (SLX) were three of the best performing industry group ETFs this week. In fact, these three... READ MORE
The Finance SPDR (XLF) was one of the best performing sectors from April to late July, but was the weakest sector over the last two weeks. The PerfChart below shows XLF with a loss over the last ten trading days. In contrast, notice that the S&P 500, Consumer... READ MORE
The average investor would be totally discombobulated if they witnessed the effortless manner in which money sometimes just flows into the accounts of exceptional traders. The fact is that these consistently profitable investors are different from most people. The good news is that modern behavioral finance can tell us with... READ MORE
Stocks stalled over the last two weeks, but this was not enough to derail any indicators or the overall uptrend in the major index ETFs. Note that the major index ETFs hit new highs over the last two weeks, while XLK, XLY and XLI hit new highs to lead the... READ MORE
Stocks were all over the place on Thursday. The major index ETFs opened higher, quickly pulled back and then moved back into positive territory in the afternoon. The end result was uneventful as the Russell 2000 ETF (IWM) and Nasdaq 100 ETF (QQQ) advanced around 1/2 percent. A gain,... READ MORE
Even though the long-term trend remains down, the Steel ETF (SLX) is making some bullish waves with a flag breakout on Thursday. After an advance from late June to mid July, SLX consolidated with a falling flag, which is a bullish continuation pattern. Today's breakout signals a continuation... READ MORE
DOLLAR THREATENS SUPPORT ZONE... The U.S. Dollar has been falling since the start of July, when it failed a test of its May peak. It's now nearing a test of an important support level. Chart 1 shows the PowerShares US Dollar Index (UUP) threateningn its July intra-day... READ MORE
Stocks opened weak, but quickly firmed and consolidated at lower levels the rest of the day. The overall losses were small with the Russell 2000 ETF (IWM) loosing .71% and the Nasdaq 100 ETF (QQQ) falling just .18%. QQQ continues to lead the major index ETFs and show the most... READ MORE
AEP Firms at Broken Resistance. AMX Surges to Consolidation Highs. Plus HD, INTU, SO, TE Video at end of commentary **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
OBV HITS NEW HIGH FOR SPY AND QQQ... Link for today's video. The S&P 500 ETF (SPY) broke above its May highs in July and these highs are turning into the first support zone. Chart 1 shows this support zone in the 167.5 area. Since... READ MORE
Chuy's Holdings came across the intraday bearish engulfing scan on Wednesday. Even though the trading day has just begun, notice that the stock broke down in July and retraced 62% with a bounce back to 40 in August. The gap and 62% retracement mark resistance as the 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 pulled back on Tuesday with the Home Construction iShares (ITB), Gold Miners ETF (GDX) and Biotech SPDR (XBI) leading the way lower. ITB is 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** Stocks meandered on Monday. Trading was listless and volume was light. Yes, the dog days of summer are upon us. The Russell 2000 ETF (IWM) edged higher,... READ MORE
AGN Consolidates at Trend Line Resistance. D Forms Pennant after Big Surge. Plus HCA, MU and THC Video at end of commentary **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
A SECULAR BULL WITH NO SIGNS OF DISTRIBUTION... Link for today's video. From a purely technical standpoint, it is pretty safe to assume that all time highs occur in secular up trends. With an all time high in April, the S&P 500 joined the Russell 2000,... READ MORE
StockCharts calculates the Bullish Percent Index for over a dozen groups, including several major indices, the main sectors and a few industry groups. A list can be found on the end-of-day market summary page. Notice that all BPIs are at or above 50%, which favors the bulls. The Gold Miners... READ MORE
It was a good week for the stock market. The major index ETFs gained and hit fresh 52-week highs. The Nasdaq 100 ETF (QQQ) and S&P MidCap 400 SPDR (MDY) led the way with 2+ percent gains. All sectors were up with the Consumer Discretionary SPDR (XLY) and... READ MORE
Hello Fellow ChartWatchers! Today I am thrilled to announce a big change in how people can configure and use StockCharts to understand the markets and make better investing decisions. StockCharts Members can now add pre-created collections of SharpCharts, ChartLists and ChartStyles to their account with just a couple of clicks... READ MORE
The Dow Industrials and Transports are hitting new record highs together once again. That's a sign of an ongoing bull market. [Dow Theory holds that an upside breakout in either one needs to be confirmed by a similar breakout in the other]. Chart 1 shows the Dow Industrials... READ MORE
Most areas of the stock market have enjoyed the past few months, especially since the lows of June 24th. Don't count software as one of those groups, however. At first glance, this might seem like an area of the market to avoid because of poor relative strength over... READ MORE
The Rydex Cash FLow Ratio is one of the sentiment indicators we track, and currently it is showing that investors are unusually reluctant to commit money to the current rally. The Rydex Cash Flow Ratio gives an improved view of sentiment extremes by using cumulative cash flow (CCFL) into Rydex... READ MORE
The major stock indices recorded 52-week highs this week and these highs were confirmed by the breadth indicators for the S&P 1500. Note that the S&P 500, S&P MidCap 400, S&P SmallCap 600, Nasdaq 100 and Dow Industrials recorded fresh 52-week highs... READ MORE
Chartists looking for stocks on the move can turn to our pre-defined scans page and the Elder bar scans. Stocks with an Elder bar turning green are turning up. Those with an Elder bar turning red are turning down. The chart below shows Ariad Pharma with a big green Elder... READ MORE
MARKING FIRST SUPPORT FOR THE S&P 500... Link for today's video. The Labor Department reported that the economy added 162,000 non-farm payrolls in July. This number was below expectations and marked the smallest increase in four months. Stocks futures quickly erased their gains and Treasury... READ MORE
We investors are always searching for extra “probability points” which will increase the likelihood of us trading for profits. Stage #2 is where you have big leverage and garner lots of points. I’ve scraped my knees on your behalf as an investor, so there is no need for you... READ MORE
The major index ETFs affirmed their uptrends with new highs this week. In addition, the Consumer Discretionary SPDR (XLY) and the Industrials SPDR (XLI) hit new highs, as did the Nasdaq AD Line and AD Volume Line. There are simply no signs of weakness in the market right now. Breadth... READ MORE
Stocks moved higher on positive economic news, and bonds moved lower. The ISM Manufacturing Index rose to 55.40, which is a two year high. Initial jobless claims fell to 326,000, which is the lowest level since January 2008. Stocks took the news well with the major index ETFs... READ MORE
Stocks surged after Fed day with the S&P MidCap 400 SPDR (MDY) hitting a new high early Thursday. The indicator window shows the price relative (MDY:SPY ratio) hitting a new high as well. Notice that the ETF's Technical Rank (SCTR) has been above 70 the... READ MORE
DOW TRANSPORTS CONFIRM NEW RECORD IN THE INDUSTRIALS... The Dow Industrials and Transports are hitting new record highs together once again. That's a sign of an ongoing bull market. [Dow Theory holds that an upside breakout in either one needs to be confirmed by a similar breakout in... READ MORE
Stocks were all over the place on Wednesday, but the overall range was relatively small and the day-to-day change was miniscule. Stocks surged immediately after the Fed statement, peaked at 3PM and moved lower the final hour. I am not going to read too much into this late decline because... READ MORE
ATML Forms Continuation Pattern. CHS Show Signs of Accumulation. Plus FST, NVDA and SWKS ***Video edition is at the end*** iPad and iPhone Version This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF... READ MORE
Even though stocks were all over the place on Wednesday, the Dow recorded an all time high and the Nasdaq recorded a four year high. Not shabby at all. StockCharts users can keep abreast of these milestones on the Predefined Technical Alerts page. Click this image for a live chart... READ MORE
TREASURIES BOUNCE AFTER DISINFLATIONARY TONE IN FED STATEMENT... Link for today's video. The Fed did not change its quantitative easing stance, but did make some minor changes to its statement. In particular, the Fed noted that growth has moved from moderate to modest. The Fed also noted that... READ MORE
Stocks meandered again on Tuesday. Large techs caught a modest bid with the Nasdaq 100 ETF (QQQ) advancing .70% on the day. The remaining moves were non events. The sectors were mixed with the Technology SPDR (XLK), Industrials SPDR (XLI) and Utilities SPDR (XLU) finishing modestly higher. The Basic Materials... READ MORE