Best Buy (BBY) broke support and the 50-day moving average with a sharp decline over the last six days. Notice how the Aroon Oscillator turned negative just before this support break. In fact, this Aroon signal would have shown up on the Aroon scan last Thursday.... READ MORE
After a most impressive rally, the Dow Transports stopped just short of its 200-day simple moving average with a sharp decline the last four days. Also notice that this key average is trading below its prior reaction high (early January). Watch the rising 50-day moving average for potential... READ MORE
CRB INDEX TESTS JANUARY HIGH ... On Friday May 1, I wrote a message headlined: "The S&P 500 and CRB Index appear to be forming head and shoulder bottoms". A test of that bottoming theory would be a rally to their January highs followed by a pullback... READ MORE
Today's charts include: SPY, ANF, BIIB, CHH, CL, FLML, GLD, IBB, ITB, LEN, MDC, NIKE, QQQQ, SEPR, SVU, VRTX, WMT, XLP, XLY. The next update will be Thursday (May 14th) morning around 9AM ET. ***************************************************************** Let's start with the broad market. Even though the S&P... READ MORE
With flat trading since late March, a volatility contraction for AT&T (T) is causing the Bollinger Bands to narrow. Bollinger Bands do not provide a directional bias, but last week's high volume decline shows selling pressure picking up steam.... READ MORE
MAJOR INDEXES REACH JANUARY HIGH ... When this rally first started during March, I suggested that it could reach the January peak which would also bring some of the major stock indexes closer to their 200-day moving averages. On April 3, I added a time target into early May. That... READ MORE
The S&P Sector Carpet shows a color-coded version of the leading and lagging sectors. Dark green sectors are leading with financial and energy showing the biggest gains on Friday. The technology was conspicuously absent from the leadership board on Friday. In fact, technology was the worst performing... READ MORE
LIST OF CYCLICAL STOCKS ... On Monday, I wrote an article showing that the Morgan Stanley Cyclical Index (CYC) had led the stock rally since March, and suggested that was a good sign for the market and the economy. One reader asked what stocks were included in the index. Chart 1... READ MORE
Charts Worth Watching: ANF, BIIB, CHH, CL, FLML, GLD, IBB, ITB, LEN, MDC, NIKE, QQQQ, SEPR, SPY, SVU, VRTX, WMT, XLP, XLY. Scheduling Note: The next posting will be on Tuesday, May 12 around 9AM ET. ***************************************************************** The Nasdaq declined with the highest volume of the year on Thursday. While a... READ MORE
SELLERS GREET STRONG OPEN... The Nasdaq 100 ETF (QQQQ) signaled that something was amiss when it opened strong and immediately moved lower for the second day running. Chart 1 shows the Nasdaq 100 ETF (QQQQ) with 15 minute candlesticks over the last four days. QQQQ opened strong with a gap... READ MORE
Looking through the scans page, I noticed that Game stop broke below its lower Bollinger Band with a high volume decline. Moreover, the stock is showing relative weakness as the price relative broke below its March lows. GME is moving down while the S&P 500 has been moving... READ MORE
BANKS SURGE AHEAD OF STRESS TEST... With news leaking out all over the place, financials were sharply higher ahead of Thursday's stress test results. Officially, the results of the stress test are to be announced on Thursday. Unofficially, Bloomberg and other outlets have been reporting preliminary results over... READ MORE
With 14-day RSI moving above 70 this week, the Nasdaq 100 ETF (QQQQ) became the first major-index ETF with an overbought reading. RSI is considered overbought when above 70 and oversold when below 30. For the Russell 2000 ETF (IWM), S&P 500 ETF (SPY) and Dow... READ MORE
SECTORS CHARTS DON'T HAVE TO LOOK ALIKE... One of our readers asked if the sectors that make up the S&P 500 need to be forming the same price pattern. The answer is no they don't. Some sectors usually rise faster than the S&... READ MORE
Demand for certain commodity ETFs is moving in the same direction as the stock market: UP. Economic growth translates into more demand for industrial metals (DBB), oil (USO), gasoline (UGA) and agricultural products (UGA). In a bit of a strange twist, natural gas (UNG) and livestock (COW) remain laggards.... READ MORE
With Monday's market surge, some lagging ETFs joined the bulls with consolidation breakouts. The next four charts show sector ETFs that were lagging SPY because they remained below resistance from the March-April highs. These sector ETFs are still lagging, but they are now trying to play some... READ MORE
Charts Worth Watching: BTU, CVX, ELON, EWW, KOL, LUB, MMC, RF and SLV. Even though Mexico is ground-zero for swine flu, the Mexico ETF (EWW) shows no signs of the bug as it challenges resistance from the January high. There was a gap down last week, but the ETF... READ MORE
CYCLICALS LEAD S&P 500 HIGHER... The stock market is starting the week on a strong note. Chart 1 shows the S&P 500 trading 2% higher and reaching the highest level in four months. Even more impressive is the action in the Morgan Stanley Cyclicals Index (CYC)... READ MORE
NEW HOME PAGE DEBUTS - Our slick new home page provides you with a quick way to see all of the latest happenings at StockCharts. Which stocks are hot; which blogs have been updated recently; the latest improvements to the website; and much more are all right there on https://stockcharts.... READ MORE
This is the sixth part of a series of articles about Technical Analysis from a new course we're developing. If you are new to charting, these articles will give you the "big picture" behind the charts on our site. if you are an "old hand&... READ MORE
The past several trading sessions have shown an increased propensity for traders to "allocate or rotate" funds into commodity and natural resource stocks. Those gains were no starker than during Friday's trading session, when the S&P Energy Sector (XLE) was higher by +3.23%... READ MORE
The PerfChart below shows the percentage change for the S&P 500 and the nine sector SPDRs. The S&P 500 acts as the benchmark for relative performance. Sectors with greater percentage gains are outperforming the S&P 500. Sectors smaller percentage gains are underperforming. Defining the... READ MORE
One of the problems with doing an analysis of the "stock market" is choosing which market index to represent it. Like most analysts, I rely on the S&P 500 which is generally viewed as the market benchmark. As we've pointed out several times, however,... READ MORE
I have been referring to the slow, steady advance of the last few weeks as a "correction". To be more specific, it is a "running correction", which means that prices have moved higher as indicators have chopped sideways and lower. This is evident on the chart... READ MORE
FIRST THE S&P 500... On Friday April 17, I wrote about the possibility that the S&P 500 could be forming a "head and shoulders" bottom. I based that bullish view on the shape of its pattern since last November. Chart 1 shows the potential... READ MORE
Check out theticker cloudto see what's hot every morning. While there will always be the old standby symbols like GLD, DIG, DUG, GOOG, QID and FXI popping up, you are also likely to see some the stars d' jour. For Friday morning, I noticed interest inAlcoa(AA)... READ MORE
- Sector ETF Leaders and Laggards (XLY, XLB, XLK, XLP, XLV, XLE) The Materials SPDR (XLB) was the latest to join the sector breakout club. With a surge from 18 to 26 (~30%), the ETF broke above its Dec-Jan highs over the past five days. The bottom indicator shows the... READ MORE
- Charts Worth Watching (APA, CLF, JOYG, NSM, NVDA, T, NKE, CL). Despite relative weakness in the energy sector, Apache (APA) broke consolidation resistance with a volume surge on Thursday. Also notice that the price relative turned up over the last few days and broke above the late January trendline. The... READ MORE
Ok, I understand the logic - partially. In order of S&P 500 calendar month performance since 1950, May ranks 8th out of 12 and June ranks 10th out of 12. However, both have produced positive annualized returns and in this period of very low interest rates, does it really... READ MORE
SEMIS SURGE TOWARDS 200-DAY ... Chart 1 shows the Semiconductor HOLDRS (SMH) challenging its 200-day moving average with a move above 20 today. On the price chart, SMH broke above resistance from the December-February highs and then started working its way higher. The magenta trendlines show a channel... READ MORE
A run through the PnF scans reveals a triple top breakout for QQQQ on Wednesday. This means prices pushed the current "x" above the prior two highs (green arrow). Despite this breakout, QQQQ is trading right at potential resistance from the bearish resistance line.... READ MORE
SMALL-CAPS LEAD BROAD ADVANCE... Stocks surged ahead of today's Fed meeting and held their gains after the policy statement. There were no surprises from of the Fed as the FOMC left the Fed Funds target at 0-.25%. Small-caps led the advance with the Russell 2000... READ MORE
Click here for a live version of this chart. The Biotech ETF has had a devil of a time getting above 92 this year. Right now it is trying again. The low volume numbers don't bode well but remember that ETF volume data can be tricky to interpret.... READ MORE
Charts: KFT, LLY, URBN XRAY Stocks are up sharply in early trading ahead of today's FOMC policy statement. Even though the major stock indices are still looking overbought, the current uptrend remains in place as stocks continue to attract money. It takes some real guts to buy overbought... READ MORE
% NYSE STOCKS ABOVE 200 DAY MA TESTS DOWN TRENDLINE ... On April 16, I charted showed the improvement in the percent of NYSE stocks trading over their 200-day moving averages. Chart 1 shows that measure bottoming during the fourth quarter and recently moving up to the highest level in six... READ MORE
-- Financial stocks showing relative weakness -- Stocks trading near resistance and overbought -- Bullish considerations After a big advance the last 9-10 weeks, many stocks are running into resistance. In addition, many are are overbought and ripe for at least a correction or consolidation. The same can be said for many... READ MORE
-- Financial stocks showing relative weakness -- Stocks trading near resistance and overbought -- Bullish considerations With a bounce last week, the Nasdaq 100 ETF (QQQQ) moved above its mid April high and the S&P 500 ETF (SPY) challenged its mid April high. However, some key financial stocks failed to bounce... READ MORE
The healthcare, utilities and consumer staples sectors are traditionally the defensive sectors that underperform during a broad market advance. This was the case in March and most of April. With Monday's weakness, the defensive sectors held up and all three finished with small gains. It is just one... READ MORE
EMERGING MARKETS BACK OFF FROM 200-DAY AVERAGE... One of the ways to help determine the staying power of the current global rebound is to track the performance of the world's strongest markets. That happens to be in the emerging market area. Judging from the fact that several... READ MORE
Welcome to the first posting day at Art's Charts. This blog will feature bullish and bearish setups for stocks and ETFs. Every week I scan through the chart universe looking for breakouts, strong trends, reversals and key chart patterns. Each setup will feature an annotated chart with detailed... READ MORE