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NASDAQ JOINS S&P 500 IN RECORD TERRITORY -- HEALTHCARE AND TECHNOLOGY HIT NEW RECORDS -- FINANCIALS NEAR TEST OF EARLY 2018 HIGH -- INDUSTRIAL SPDR HITS NEW RECORD ON FRIDAY -- CATERPILLAR TURNS UP -- FOREIGN STOCK INDEX ACHIEVES BULLISH BREAKOUT

by John Murphy,

Chief Technical Analyst, StockCharts.com

NASDAQ AND S&P 500 END IN RECORD TERRITORY...A strong jobs report on Friday (two days after the Fed cut rates for the third time this year) sent stock prices sharply higher.  Chart 1 shows the S&P 500 hitting a new high on Friday for the...   READ MORE 

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Stocks Have Broken Out; What About Commodities?

by Martin Pring,

President, Pring Research

* Commodities are in a Bear Market * The Stock Market May Be on the Verge of Signaling a Commodity Rally * Short-Term Commodity Momentum At Pring Turner Capital, the registered investment advisory firm where I serve as investment strategist, our investment approachinvolves the proactive rotation of client's assets around the...   READ MORE 

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STOCKS AND BONDS CLOSE HIGHER ON DOVISH RATE CUT -- S&P 500 CLOSES AT NEW RECORD -- FALLING BOND YIELDS BOOST DIVIDEND-PAYING STOCKS AS BANKS PULL BACK -- DROP IN DOLLAR AND LOWER YIELDS BOOST GOLD -- VOLATILITY INDEX DROPS TO THREE-MONTH LOW

by John Murphy,

Chief Technical Analyst, StockCharts.com

FED RATE CUT AND DOVISH MESSAGE BOOST STOCK PRICES...The Fed lowered rates another quarter point today as expected, which was followed by a dovish sounding message from Mr. Powell.   That pushed stock prices higher.  Chart 1 shows the S&P 500 closing at another record high today.  Chart...   READ MORE 

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HEALTH CARE SPDR NEARS RECORD HIGH -- XLV HAS GONE FROM MARKET LAGGARD TO LEADER IN LAST TWO MONTHS -- ALL GROUPS ARE PARTICIPATING -- STOCK LEADERS INCLUDE HCA HEALTHCARE, INCYTE, BECKTON DICKINSON, AND MERCK

by John Murphy,

Chief Technical Analyst, StockCharts.com

HEALTH CARE SPDR NEARS RECORD HIGH...In a remarkable turnaround, the healthcare sector has gone from one of the year's worst performers to one of the strongest over the last couple of months.  Chart 1 shows the Health Care SPDR (XLV) trading above its early July intra-day peak...   READ MORE 

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SECTOR RANKINGS SHOW MORE OPTIMISM -- ENERGY, TECHNOLOGY, INDUSTRIALS, FINANCIALS, AND MATERIALS LEAD MARKET HIGHER -- ALL WORLD STOCK ISHARES HIT NEW RECORD -- FOREIGN STOCK ISHARES ARE CLOSE TO AN UPSIDE BREAKOUT

by John Murphy,

Chief Technical Analyst, StockCharts.com

SECTOR LEADERS...Chart 1 shows the weekly ranking for the eleven stock market sectors.Nine of them closed up for the week with only two losers.  That reflects a generally higher market with major stock indexes nearing new records.  The rankings also reflect a generally upbeat mood on the market...   READ MORE 

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FINANCIALS AND BANKS ACHIEVE BULLISH BREAKOUTS TO LEAD MARKET HIGHER -- A STEEPER YIELD CURVE MAY EXPLAIN RECENT ROTATION INTO FINANCIAL STOCKS

by John Murphy,

Chief Technical Analyst, StockCharts.com

STEEPER YIELD CURVE SUPPORTS STRONG FINANCIAL STOCKS...A lot of positive group rotations have taken place in the stock market over the past two months.We've seen new money moving into domestic small caps stocks, as well as economically-sensitive transports.   We've also seen cheaper value stocks...   READ MORE 

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PHLX SOX INDEX SHOWS TWO ASCENDING TRIANGLES -- THE TECHNOLOGY SPDR AND QQQ SHOW SIMILAR BULLISH PATTERNS -- THE QQQ/SPX RATIO IS ALSO TRIANGULATING BETWEEN ITS APRIL HIGH AND MAY LOW

by John Murphy,

Chief Technical Analyst, StockCharts.com

SEMICONDUCTOR INDEX IS FORMING TWO TRIANGLES... A lot has been written lately about the formation of triangular patterns.  Here are couple more applied to the same group.  Chart 1 shows the Philadelphia Semiconductor Index ($SOX) moving up to test its flat trendline drawn over its July/September/October highs.  The...   READ MORE 

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EQUAL WEIGHT S&P 500 ETF IS ALSO NEARING A TEST OF ITS SUMMER HIGH -- AN UPSIDE BREAKOUT BY BOTH VERSIONS OF THE S&P 500 WOULD BE A POSITIVE SIGN -- RISING SMALL AND MID CAP STOCKS ARE GIVING A BOOST TO THE RSP AND MAY BE SENDING A POSITIVE SIGNAL

by John Murphy,

Chief Technical Analyst, StockCharts.com

BOTH S&P 500 ETFS ARE NEARING OLD HIGHS...Chart 1 shows the S&P 500 SPDR (SPY) moving closer to a test of its July/September highs.  It would take a close above its September intra-day high at 301.24 to put it at a record high....   READ MORE 

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Global Indexes Just Below Major Breakout Points

by Martin Pring,

President, Pring Research

* The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher * Rest of the World Emerging * Europe, Japan and Emerging Markets Looking Positive The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher US indexes have rallied sharply in the last week, but so have...   READ MORE 

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S&P 500 NEARS TEST OF OVERHEAD RESISTANCE -- TRANSPORTS ARE OFF TO A STRONG START -- FINANCIALS LEAD MARKET HIGHER -- BANK OF AMERICA MAY BE BREAKING OUT -- STATE STREET SURGES -- STRONG FINANCIALS MAY BE BOOSTING SMALL CAPS

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCK INDEXES NEAR OLD HIGH...Stocks around the world are trading higher this morning.   Chart 1 shows the S&P 500 nearing a test of a trendline drawn over its July/September highs.  All other major stock indexes are also trending higher.  A big drop in Boeing (BA), however,...   READ MORE 

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THE DOLLAR HAS FALLEN THIS WEEK AGAINST THE EURO AND POUND -- BOTH CURRENCIES HAVE RALLIED ON HOPES FOR BREXIT SETTLEMENT -- EUROPEAN STOCK ETFS HAVE ALSO BEEN RISING -- THOSE GAINS, HOWEVER, COULD DEPEND ON SATURDAY VOTE IN PARLIAMENT

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOLLAR FALLS AGAINST EURO AND POUND...Chart 1 shows the Invesco US Dollar Index Fund (UUP) falling this week to the lowest level in two months.  Most of that drop has come against the Euro and British Pound.     Chart 2 shows the British Pound rising to the highest level in...   READ MORE 

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HEALTH INSURERS AND DRUG DISTRIBUTORS PUT HEALTHCARE SPDR NEAR THREE-MONTH HIGH -- UNITEDHEALTH GROUP AND HUMANA CLEAR 200-DAY LINES -- AMERISOURCEBERGEN, CARDINAL HEALTH, AND MCKESSON ARE HAVING A VERY STRONG CHART WEEK

by John Murphy,

Chief Technical Analyst, StockCharts.com

HEALTHCARE CONTINUES STRONG WEEK...Healthcare is the day's strongest sector for the second time this week.  Chart 1 shows the Health Care SPDR (XLV) trading above a falling trendline drawn over its July/September highs; and putting the XLV close to the highest level in nearly four months....   READ MORE 

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British Pound Clears Its 200-day MA for an Initial Sign of a New Bull Market

by Martin Pring,

President, Pring Research

* Pound is in a Long-Term Secular Bear Market * Crossing of the 200-Day Starts the Ball Rolling for a Primary Bull Market * Pound Set to Break Against the Euro Pound is in a Long-Term Secular Bear Market Chart 1 shows that the British Pound has been in a secular bear market...   READ MORE 

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FACEBOOK AND GOOGLE LEAD COMMUNICATIONS TO ONE OF DAY'S STRONGEST SECTORS -- BOUNCING BOND YIELDS ARE PUSHING TREASURY BOND PRICES LOWER -- BUT HIGH YIELD BONDS ARE RISING

by John Murphy,

Chief Technical Analyst, StockCharts.com

COMMUNICATIONS SPDR HAS STRONG DAY...While healthcare and financials have been leading for most of the day, communication stocks have crept into second place in afternoon trading.   Chart 1 shows the Communication Services SPDR (XLC) bouncing impressively off its 50-day average that it cleared just last week.  It's...   READ MORE 

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MAJOR STOCK INDEXES BUILD ON LAST WEEK'S GAINS -- HEALTHCARE PROVIDERS LEAD HEALTHCARE SPDR HIGHER LED BY UNITEDHEALTH -- RECORD HIGH BY JP MORGAN CHASE LEADS BANKS AND FINANCIALS HIGHER -- FALLING VIX ALSO SUPPORTS HIGHER STOCK PRICES

by John Murphy,

Chief Technical Analyst, StockCharts.com

MAJOR STOCK INDEXES BUILD ON RECENT GAINS...After a modest pullback yesterday, major U.S. stock indexes are building on last week's trade-inspired gains.  Chart 1 shows the Dow Industrials trading at the highest level of the month this morning.  The Dow appears headed toward the top of...   READ MORE 

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STOCKS SOAR ON EXPECTED PARTIAL TRADE ACCORD BETWEEN U.S. AND CHINA -- INDUSTRIAL MINING SHARES LEAD MATERIALS HIGHER -- INDUSTRIALS, ENERGY, AND FINANCIALS ALSO LEAD -- BRITISH POUND HAS BIGGEST GAIN IN YEARS ON POSSIBLE BREXIT BREAKTHROUGH

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCK INDEXES SOAR ON TRADE HOPES...Stocks around the world are jumping sharply today on reports of a partial trade deal reached between the U.S. and China.   Chart 1 shows the S&P 500 surging to the highest level this month to put it well above its 50-day...   READ MORE 

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TEN-YEAR TREASURY YIELD IS BOUNCING TODAY -- LONG-TERM CHARTS SHOW TNX IN A LONG-TERM SUPPORT ZONE AND VERY OVERSOLD -- HIGHER BOND YIELDS ARE BOOSTING BANKS AND FINANCIAL STOCKS

by John Murphy,

Chief Technical Analyst, StockCharts.com

TEN-YEAR BOND YIELD IS BOUNCING OFF CHART SUPPORT...Global bond yields are bouncing today.  The daily bars in Chart 1 show the 10-Year Treasury Yield rising 6 basis points to 1.65%.  What makes that meaningful is that the TNX bounce is taking place from just above the previous low...   READ MORE 

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STOCK INDEXES FLUCTUATE BETWEEN MOVING AVERAGE LINES AS TRADING RANGE CONTINUES -- TECH SECTOR SHOWS UPSIDE LEADERSHIP -- APPLIED MATERIALS AND LAM RESEARCH LEAD CHIPS HIGHER -- FINANCIALS NEED A BOOST FROM BOND YIELDS

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCK INDEXES REMAIN IN TRADING RANGE...The three major U.S. stock indexes shown below remain in a sideways trading range between their 50-day moving averages on top and 200-day lines below.  And they continue to trade between their July highs and August lows.  While the short-term picture remains indecisive,...   READ MORE 

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More Range-Bound Activity Ahead For US Equities?

by Martin Pring,

President, Pring Research

* Short-Term Indicators Behave Differently in Bull and Bear Markets * Three Charts to Watch for a Potential Bearish Scenario Short-Term Indicators Behave Differently in Bull and Bear Markets Short-term oscillators behave differently depending on the direction of the primary trend. In bull markets, prices are very sensitive to oversold conditions and...   READ MORE 

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STOCK INDEXES TRY TO REGAIN 50-DAY AVERAGES -- THE NASDAQ 100 QQQ HAS ALREADY CLEARED ITS BLUE LINE -- SO HAS THE TECH SPDR WHICH IS LEADING STOCKS HIGHER TODAY -- APPLE NEARS NEW RECORD HIGH

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS BUILD ON YESTERDAY'S REBOUND OFF THEIR 200-DAY AVERAGES... Stock prices are continuing the rebound that began with yesterday's upside reversal off their 200-day moving averages.  And they're now trying to clear some overhead resistance.   Chart 1 shows the Dow Industrials entering an overhead...   READ MORE 

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STOCKS INDEXES SCORE UPSIDE REVERSAL NEAR AUGUST LOWS AND 200-DAY LINES -- TECHNOLOGY STOCKS LEAD NASDAQ REBOUND -- ALL ELEVEN SECTORS GAIN -- BUT STOCK INDEXES NEED MORE UPSIDE FOLLOW-THROUGH TO BUILD ON TODAY'S SUCCESSFUL TEST OF SUPPORT

by John Murphy,

Chief Technical Analyst, StockCharts.com

MAJOR STOCK INDEXES BOUNCE OFF CHART SUPPORT... After trading sharply lower today, stocks reversed upward to score a potential upside reversal day.  And they did it at some critical support levels.  Chart 1 shows the Dow Industrials bouncing off their 200-day moving average and chart support near their August lows....   READ MORE 

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Martin Pring's Monthly Market Roundup 2019-10-02

by Martin Pring,

President, Pring Research

The monthly Market Roundup video for October is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates....   READ MORE 

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STOCK SELLING INTENSIFIES -- 50-DAY MOVING AVERAGES ARE BEING BROKEN -- A TEST OF SUMMER LOWS NOW APPEARS LIKELY

by John Murphy,

Chief Technical Analyst, StockCharts.com

MAJOR STOCK INDEXES MAY BE HEADED FOR TEST OF SUMMER LOWS...Stock prices are undergoing more short-term technical damage.   All three major stock indexes shown below have fallen decisively below their 50-day averages.   Which raises the likelihood for a test of their August lows, and 200-day moving averages (red arrows)...   READ MORE 

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STOCKS TURN LOWER ON WEAK MANUFACTURING DATA -- MAJOR STOCK INDEXES WEAKEN -- WEAKEST SECTORS ARE INDUSTRIALS, MATERIALS, ENERGY, AND FINANCIALS -- TRANSPORTS FALL BELOW 200-DAY LINE -- SO DOES RUSSELL 2000 -- ONLINE BROKERS TUMBLE

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCK INDEXES ARE UNDER HEAVY SELLING PRESSURE...The weakest U.S. manufacturing number in ten years turned an early stock rebound into a bout of heavy selling.  And the short-term stock picture continues to weaken.  Chart 1 shows the Nasdaq Composite Index failing an early attempt to regain its 50-day...   READ MORE 

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STOCK INDEXES PULL BACK FURTHER FROM SUMMER HIGH -- NASDAQ CONTINUES TO LOSE LEADERSHIP ROLE AS TECHNOLOGY SECTOR WEAKENS -- INTERNET STOCKS PULL COMMUNICATION SECTOR LOWER -- SELLING OF CHINESE STOCKS WAS A FACTOR -- BUT FACEBOOK ALSO HAD A BAD WEEK

by John Murphy,

Chief Technical Analyst, StockCharts.com

NASDAQ ENDS BELOW ITS 50-DAY AVERAGE...While the three major U.S. stock indexes pulled back further from their July high, the Nasdaq was by far the weakest performer.   Chart 1 shows the Nasdaq Composite Index ending the week well below its 50-day moving average (blue line).  In addition, its...   READ MORE 

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HEAVY SELLING IN COMMUNICATION AND TECHNOLOGY STOCKS PUSH NASDAQ SHARPLY LOWER -- INTERNET AND SEMICONDUCTORS LEAD THE SELLING -- SO DO CHINESE STOCKS ON THREAT OF DE-LISTING

by John Murphy,

Chief Technical Analyst, StockCharts.com

NASDAQ COMPOSITE FALLS FURTHER BELOW ITS 50-DAY LINE... Chart 1 shows the Nasdaq Composite falling sharply today and moving further below its 50-day moving average.   Selling in software and semiconductors are leading the decline in the technology sector.   Communication stocks are also having a bad day.  Chart 2 shows the...   READ MORE 

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Last Week, Three Charts Failed To Break To The Upside. Where Do We Go From Here?

by Martin Pring,

President, Pring Research

* What's Happening with Last Week's Three Featured Charts * Short-Term Oscillators * Longer-Term Indicators are Mostly Bullish Last week, I wrote that the short-term technical picture looked positive, but that I was watching three charts which would confirm a significant extension to the bull market in the event...   READ MORE 

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STOCKS REGAIN MOST OF YESTERDAY'S LOSSES -- MOVING AVERAGES HOLD FOR DOW AND S&P 500 -- NASDAQ REGAINS 50-DAY LINE -- SMALL CAPS AND TRANSPORTS ALSO BOUNCE OFF MOVING AVERAGE SUPPORT -- JUMP IN BOND YIELDS HELPED LIFT BANKS

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW AND SPX HOLD SUPPORT...NASDAQ REGAINS BLUE LINE...Stocks regained most of the previous day's losses.  Chart 1 shows the Dow Industrials bouncing off their 20-day average.  Chart 2 shows the S&P 500 holding support at its 50-day line.  The Nasdaq turned in an even...   READ MORE 

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STOCKS UNDERGO MORE SELLING -- NASDAQ CLOSES BELOW 50-DAY AVERAGE -- DROP IN BOND YIELDS PUSHES UTILITIES TO NEW RECORD WHILE BANK STOCKS WEAKEN -- WEAKEST SECTORS ARE ENERGY, COMMUNICATIONS, CONSUMER CYCLICALS, AND TECHNOLOGY

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCK INDEXES LOSE MORE GROUND...Majorstock indexes moved further away from their July peak today and some short-term chart damage was done, especially in the Nasdaq market.  Chart 1 shows the Dow Jones Industrial Average losing -142 points (-0.53%) and ending right on its 20-day average (green line); its...   READ MORE 

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STOCK INDEXES STALL NEAR SUMMER HIGH -- A LOT OF OVERHEAD RESISTANCE LEVELS ARE BEING TESTED -- TRANSPORTS AND SMALL CAPS BACK OFF ALONG WITH FINANCIALS -- SAFE HAVENS TAKE BACK THE LEAD AS BOND YIELDS DROP -- CONSUMER CYCLICALS ARE WEAKEST SECTOR

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCK INDEXES STALL NEAR JULY HIGH...Stocks ended the week with minor losses after meeting some resistance along their July high.  Chart 1 shows the Dow Industrials consolidating just below their summer high, but remaining well above chart support and moving average lines.  Chart 2 shows the S&P...   READ MORE 

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MAJOR STOCK INDEXES ARE HEADED FOR TEST OF SUMMER HIGH -- STRONG TECH SECTOR IS PUTTING THE NASDAQ IN THE LEAD -- MICROSOFT HITS NEW RECORD TO LEAD MARKER HIGHER

by John Murphy,

Chief Technical Analyst, StockCharts.com

MAJOR STOCK INDEXES NEAR SUMMER HIGHS...Major U.S. stock indexes are trading higher today and approaching a test of their summer highs.  Chart 1 shows the Dow Industrials continuing its bounce from yesterday afternoon and maintaining its bullish bias.  Chart 2 shows the S&P 500 doing the...   READ MORE 

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FED CUTS RATE A QUARTER POINT AS EXPECTED BUT APPEARS SPLIT ON FURTHER CUTS -- TWO-YEAR YIELD REBOUNDS WHILE 10-YEAR STABILIZES AFTER CUT -- STOCKS RECOVER FROM EARLIER LOSSES -- BANKS HAVE A STRONG DAY -- DOLLAR STRENGTHS AS COMMODITIES DROP

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS RECOVER EARLY LOSSES...Stocks recovered from initial selling after today's quarter point rate cut.  Chart 1 shows the Dow Industrials ending 36 points (+0.13%) higher today to reverse earlier losses.  The S&P 500 also closed modestly higher; while the Nasdaq ended modestly lower.  Sector...   READ MORE 

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Three Charts That Could Signal A Significant Extension To The Equity Rally

by Martin Pring,

President, Pring Research

* High Velocity of Short-Term Indicators Indicate Higher Prices * Three Charts to Monitor for More Upside Potential High Velocity of Short-Term Indicators Indicate Higher Prices A couple of weeks ago, I cited some short-term indicators for the US stock market that struck me as being bullish. Several of these are now...   READ MORE 

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ATTACK ON SAUDI OIL FACILITIES PUSHES CRUDE OIL AND ENERGY SHARES SHARPLY HIGHER -- CAUSING MINOR PROFIT-TAKING IN STOCKS -- FUEL-SENSITIVE AIRLINES DROP -- SMALL CAPS GAIN MORE GROUND -- BONDS AND GOLD REBOUND -- THE DJ US DEFENSE INDEX HITS A NEW RECORD

by John Murphy,

Chief Technical Analyst, StockCharts.com

CRUDE OIL AND ENERGY SHARES JUMP...As expected, the weekend attack on Saudi Arabia's oil facilities pushed the price of oil sharply higher today and in very heavy trading.  Chart 1 shows the United States Oil Fund (USO) surging 12% to the highest level in four months.  Energy...   READ MORE 

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SHARP REBOUND IN BOND YIELDS CONTRIBUTES TO ROTATION INTO VALUE STOCKS -- WITH SMALL CAP VALUE ISHARES IN THE LEAD -- STRONGER FINANCIALS AND INDUSTRIALS ARE MAIN REASONS WHY

by John Murphy,

Chief Technical Analyst, StockCharts.com

TEN-YEAR TREASURY YIELD BOUNCES OFF MAJOR CHART SUPPORT... My Wednesday message showed the 10-Year Treasury yield bouncing off major chart support at its 2012 and 2016 lows and in a very oversold condition.  That made a rebound in bond yields more likely.  The weekly bars in Chart 1 show the...   READ MORE 

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STOCK RALLY RESUMES AS MAJOR STOCK INDEXES DRAW CLOSER TO SUMMER HIGH -- BOEING, APPLE, AND CATERPILLAR LEAD DOW HIGHER -- THE INDUSTRIAL SPDR IS NEARING A MAJOR UPSIDE BREAKOUT TO RECORD HIGHS -- SMALL CAPS WERE THE DAY'S BIGGEST GAINERS

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCK INDEXES GAIN MORE GROUND... The stock upturn that started last week when major stock indexes cleared their August trading range and 50-day averages gained momentum today.  All three major indexes hit the highest level in more than a month.   Chart 1 shows the Dow Industrials gaining 227 points (+0....   READ MORE 

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TEN-YEAR TREASURY YIELD IS BOUNCING OFF MAJOR SUPPORT -- BOND/STOCK RATIO ALSO RUNS INTO RESISTANCE AND HAS STARTED TO WEAKEN -- THAT WOULD FAVOR STOCKS OVER BONDS -- RECENT SECTOR ROTATIONS SHOW A SHIFT TO MORE ECONOMICALLY-SENSITIVE STOCK GROUPS

by John Murphy,

Chief Technical Analyst, StockCharts.com

TEN-YEAR TREASURY YIELD IS TESTING MAJOR SUPPORT...Bond yields have been falling all over the world since the end of last year.  Several foreign government bond yields have fallen deeply into negative territory and have helped pull Treasury yields lower.  The 30-Year Treasury Yield recently fell to a new record...   READ MORE 

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TRANSPORTATION STOCKS MOVE INTO HIGHER GEAR -- DOW TRANSPORTS NEAR TEST OF MAJOR RESISTANCE LINE -- CH ROBINSON AND JB HUNT ARE TRUCK LEADERS -- KIRBY CORP IS MARINE TRANSPORTATION LEADER -- UTILITIES AND REITS LOSE GROUND ON RISING BOND YIELDS

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW TRANSPORTS NEAR TEST OF OVERHEAD RESISTANCE...After lagging behind the rest of the market for most of the past year, transportation stocks are starting to show new life.   Chart 1 shows the Dow Jones Transportation Average surging more than 1% today to the highest level in more than a...   READ MORE 

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ENERGY AND FINANCIALS JUMP ON FLAT MARKET DAY -- RISING OIL PRICE LIFTS OIL SERVICE STOCKS -- HIGHER BOND YIELDS PUSH BANK STOCKS SHARPLY HIGHER -- STRONGER FINANCIAL STOCKS HELP BOOST SMALL CAPS -- RUSSELL 2000 INDEX CLOSES ABOVE ITS 200-DAY LINE

by John Murphy,

Chief Technical Analyst, StockCharts.com

RISING OIL PRICE BOOSTS ENERGY STOCKS...A jump in crude oil helped make energy the strongest sector on a generally flat market day.  Chart 1 shows the Energy SPDR (XLE) climbing 2% to the highest level in a month (on rising volume), and showing upside leadership for the the first...   READ MORE 

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Commodities May Be Down, But Are They Out?

by Martin Pring,

President, Pring Research

* Long-Term Commodity Technicals are Finely Balanced * Gold Leads Commodities * Commodities Rise and Fall with Confidence * Short-Term Technicals are Encouraging * Platinum Breaking Out Commodities have been losing ground recently, but the latest data suggest that they may be in the process of turning around. If so, that could be important for...   READ MORE