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Latest Posts

Group Dynamics

by Bruce Fraser

Let's have a peak at some interesting sectors. At times, sectors can tip us off to the motives of the market. Sectors and Industry Groups have a general tendency to be either early, coincident or late business cycle beneficiaries. This business expansion has certainly been a long one and it appears to have life left in it. We can often tell where we are in the cycle by which sectors are strong...  Read More

Is Expedia (EXPE) The Way To Pay For Your Next Holiday?

by Greg Schnell

The Expedia (EXPE) chart demonstrates a lot of technical setups here. If the setup works, this could pay for your next holiday! Let's walk through them. First of all, the SCTR is a little weaker than I would like and needs to hold 50. The early half of 2016 has an SCTR below 50. When the rest of the stocks were rallying, Expedia was a little slow to take off. The crossover of the Full  Read More

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Staples And Materials: Which Sector To Hold And Which One To Fold?

by Martin Pring

The relationship between Staples and Materials Long-term relative trends Breakouts and breakdowns Which of the materials sub-components are breaking out? Euro looks short-term toppy The relationship between Staples and Materials Most of the time I concentrate on the trend of the overall market, but some sector charts for Consumer Staples and Materials crossed my desk over the...  Read More

Technology Slumps As Facebook Falls On Heavy Volume

by Tom Bowley

Market Recap for Monday, September 25, 2017 Technology (XLK, -1.18%) was the only real problem on Monday, but it was a big problem.  Mobile telecommunications ($DJUSWC) and internet stocks ($DJUSNS) were the big losers with the latter slammed by Facebook (FB), which dropped nearly 5% on extremely heavy volume.  There's an interesting weekly chart on FB below in the...  Read More

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Broad Selling in Nasdaq 100 - Biotechs Buck Selling - TLT Turns Up - Five Stocks

by Arthur Hill

.... Small-caps Extend to New Highs .... Broad Selling in the Nasdaq 100 .... XBI and IBB Edge Higher .... COPX and JJC Correct within Uptrends .... TLT Turns Up within Uptrend .... Charts to Watch: DAL, CB, LEN, RMD, SBAC ....  Small-caps Extend to New Highs The S&P SmallCap iShares (IJR) and the Russell 2000 iShares (IWM) edged higher on Monday and exceeded their July highs to record...  Read More

Pair trade opportunity in XLV/XLK and potentially strong (rare) rotational pattern for XLI

by Julius de Kempenaer

The Relative Rotation Graph above holds the ten sector SPDR ETFs that make up the complete S&P 500 index (SPY).  At the moment the positioning of the various sectors and their rotational patterns are relatively evenly spread over the RRG canvas except for XLE which is far away from the center of the chart inside the improving quadrant. The Utilities (XLU) sector, which I looked at...  Read More

Another BUY Signal Bites the Dust for the NDX - New ITTM SELL Signal for UNG

by Erin Heim

The Nasdaq 100 lost its PMO BUY signal on Friday and today it loses its ST Trend Model BUY signal (along with important support!). Natural Gas (UNG) had just picked up an IT Trend Model BUY signal, but it has whipsawed away into an ITTM SELL signal. Today's over 1% drop on the NDX busted two areas of support that I had expected to hold. My thought was that after the pullback to earlier lows in...  Read More

9/25 MarketWatchers LIVE Recap - Monday Set-Ups - Anatomy of a Trade

by Erin Heim

  Welcome to the recap of Monday's  MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. Watch the latest episode here! Information abounds...  Read More

Costco Forms Bullish Pennant Near Breakout

by Arthur Hill

Costco (COST) fell on hard times this summer with a plunge from the low 180s to the 150 area. Despite this gap and sharp decline, the stock firmed in July-August and surged above the red resistance zone in September. Notice that the stock found support in the 150 area with two bounces and this could be considered a double bottom (green zone). The intermittent highs mark a resistance zone in the...  Read More

Russell 2000 Tests Key Resistance, Primed To Lead In 4th Quarter

by Tom Bowley

Market Recap for Friday, September 22, 2017 Friday was a bifurcated kind of day on Wall Street.  We saw a small loss on the Dow Jones, while there were slight gains on the other major indices.  The Russell 2000, in particular, saw relative strength and gained nearly 7 points to finish at 1450.  That's a big level of price resistance as you can see below: The...  Read More

Tesla Weakens But Chart Is On Cruise Control

by Tom Bowley

Tesla (TSLA) remains a crowd favorite as the stock's 2017 advance has been accompanied by extremely heavy volume.  I see major accumulation when I look at TSLA's chart.  But like every other stock, momentum can become an issue from time to time and TSLA appears to be battling momentum issues.  Here's the latest weekly chart after TSLA dropped 7.56% last week: Back in June, TSLA's...  Read More

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RISING BOND YIELDS MAY BE PULLING MONEY OUT OF TECHNOLOGY INTO CHEAPER PARTS OF THE MARKET -- APPLE, AMAZON, AND GOOGLE LOSE GROUND

by John Murphy

APPLE, AMAZON, AND GOOGLE WEIGH ON TECH SECTOR... While the stock market is holding up okay, some rotations are going on beneath the surface. One is the rotation out of large cap tech stocks, former market leaders, into cheaper parts of the market like financials, small caps, and transports. Let's start with the tech stocks. Chart 1 shows Apple (APPL) falling to the...  Read More

DP Weekly Wrap: AAPL Leads Market Top

by Carl Swenlin

We usually feature a SPY chart in this space, but Apple (AAPL) has really grabbed my attention recently. I have been watching it for a few weeks as it formed a rounded top, and finally broke down through horizontal support on Thursday. AAPL is important to the broad market because it is so heavily weighted in the major market indexes. If it tanks, it will certainly affect the rest of the market...  Read More

9/22 MarketWatchers Recap - Seasonality - EarningsBeats.com - Sentiment

by Erin Heim

  Welcome to the recap of Friday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You can now watch the latest  episode under the "Webinars" tab! Information...  Read More

Do Investors Love Their Children Too?

by Gatis Roze

The Public Relations industry has crisis simulation firms that actually come into corporations and compress a hypothetical month-long disaster into a few stressful hours in order to see how management responds. I'd like to do something similar, but in the family financial arena with parents and children. Sadly, however, I don't think many parents would hire me.  I'm in both the educational...  Read More

Canadian Banks - Ready To Run?

by Greg Schnell

The Canadian Banks are trying to turn up. The group has been under pressure lately, but perhaps its time to buy? Here's BMO. The Canadian banks have not had this price action weakness in 5 years. The SCTR is bouncing from its lowest level on the chart. Nice positive divergence on the Stochastics. The PPO looks ready to break the downward trend. RBC looks similar. Weak SCTR turning up. TD  Read More

There must be 50 Ways to Leave a Trade (Or, The Two Ratios You Need to Evaluate Your Trading)

by Tushar Chande

"The problem is all inside your head/ she said to me" is how Paul Simon starts his 1975 hit, for there must be fifty ways to leave your lover, he speculates.  He was not crooning about trading, but he might well have been.  Unless you are a systematic and highly disciplined trader, you have probably discovered fifty ways to exit a trade. Well if not fifty, surely more than ten. ...  Read More

Is Apple (AAPL) About To Take A Bite Of Your Portfolio?

by Greg Schnell

Apple (APPL) long loved and always watched for exciting products came out with a new suite of products last week. With their ability to garner a lot of free advertising in the media discussing the new products, Apple usually generates a tidal wave of sales.  While that might be true, the shareholders are starting to tell us a different story. We have seen investors fail to follow...  Read More

Technology Hit Hard, Results in PMO SELL Signal on Nasdaq 100

by Erin Heim

As you can see below, the NDX's steep decline has thrown the Price Momentum Oscillator (PMO) below its signal line. I don't expect to see similar readings from the other indexes as they haven't been hit as hard as techs on the latest declines. It also took the NDX some time to generate the original PMO BUY signal. You'll see on the daily charts for the other three indexes that PMO SELL signals...  Read More

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Weekly Market Review & Outlook (w/ Video) - An Abrupt Change in Leadership

by Arthur Hill

.... An Abrupt Change in Leadership .... News and No Man's Land  .... New High Parade Continues .... Uptrends are Slowing, Not Reversing .... A Strong Surge for Small-caps  .... Finance, Tech, Industrials and Materials Lead .... Healthcare and Utilities Take a Dip .... Consumer Discretionary Gets Anemic Bounce .... Energy SPDR Breaks Summer Highs .... Strong Selling in Consumer...  Read More

Taking A Look At Near-Term Downside Risk For The S&P 500

by Tom Bowley

Market Recap for Thursday, September 21, 2017 We are in one of the most bearish historical periods of the year and I've provided a bit more information about it in the Historical Tendencies section below.  I'm pointing this out because equities took a break on Thursday and futures are down slightly this morning.  We could be in for more short-term weakness and I've...  Read More

Commodities Countdown Video Recording 2017-09-21

by Greg Schnell

The Commodities Countdown Video 2017-09-21 has been posted.  Commodities Countdown Video With Greg Schnell 2017-09-21 from StockCharts.com on Vimeo. The pullback in Gold and Silver continues. The interesting charts of the week are the US Indexes, Currencies and Bonds...  Read More

Let Interest Rates Soar If You're Long Equities!

by Tom Bowley

Fed Chair Janet Yellen suggested there'd be another interest rate hike in 2017 and the Fed's overall tone was a bit more hawkish than was anticipated by Wall Street.  That resulted in a big spike in the 10 year treasury yield at 2pm EST yesterday, the time of the Fed announcement.  There's a common denominator between the Dow Jones and the 10 year treasury yield ($TNX).  They've...  Read More

Railroads, Transports Lead Dow Jones To 6th Consecutive All-Time High

by Tom Bowley

Market Recap for Wednesday, September 20, 2017 It was another stellar day for industrials (XLI, +0.73%) as this sector led the Dow Jones to a 6th consecutive record closing high.  The gains have been fairly slow and methodical, but that's how bull market advances work.  They tend to occur very slowly in boring fashion as volatility ($VIX) drops day after day...  Read More

Equal-Weight ETFs Log New ITTM BUY Signals

by Erin Heim

DecisionPoint tracks not only the sector SPDRS, but we also follow the equal-weight versions. For more information about the benefits of trading equal-weight ETFs, you can read this article written by Carl. Today is a teachable moment with these three IT Trend Model...  Read More

9/20 MarketWatchers Recap - 20 in 20 Challenge - Seasonality

by Erin Heim

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday/Wednesday/Friday 12:00p -  Read More

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Fed Unwinding Triggers Rates To Rise, A Dollar Reversal And A Boost To Financials

by Martin Pring

Dollar begins a short-term rally Fed action boosts rates Financials set to move higher Fed action on Wednesday had the effect of boosting rates, thereby causing  short-term reversals in several markets and relationships. These inflexion points in the markets are expected to influence prices over the next few weeks. Dollar begins a short-term rally Last week I pointed to...  Read More

The Canadian Technician Recording 2017-09-19

by Greg Schnell

The new Canadian Technician Video Recording has been posted.   Canadian Technician Video Recording With Greg Schnell 2017-09-19 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA    Read More

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DOW TRANSPORTS RISE TO HIGHEST LEVEL IN TWO MONTHS -- FEDEX AND UNITED PARCEL SERVICE HIT NEW RECORDS

by John Murphy

DOW TRANSPORTS RISE TO TWO-MONTH HIGH... Recent messages have described the gradual improvement in transportation stocks since mid-August. It started with their ability to reclaim their 200-day average in late August, followed by a move back above their 50-day average earlier this month. Chart 1 shows the Dow Jones Transportation Average climbing to the highest level in...  Read More

Broadcom Consolidates within Uptrend $AVGO

by Arthur Hill

This is my third straight DITC posting with a semiconductor stock. The first featured Texas Instruments forming a cup-with-handle pattern and the second featured  Read More

The Fed's On Deck And THIS Is Why We Want To See Interest Rates Rise

by Tom Bowley

Reminder Be sure to scroll down to the bottom of my article and click the "Notify Me" button if you'd like to receive my article each morning before the stock market opens.  The subscription is FREE and my article is a great way to start your trading day!  Thanks! Market Recap for Tuesday, September 19, 2017 Outside of a fractional loss on the...  Read More

$COMPQ Up Close

by Bruce Fraser

The NASDAQ Composite ($COMPQ) has consolidated since early June. Two very prominent Buying Climax peaks arrived, one in June and the next in late July. They are labeled on the vertical chart and the Point and Figure chart. This has slowed the advance of the $COMPQ to a crawl. Meanwhile two well formed Reaccumulation structures have developed. Which generally means they can be evaluated and  Read More

DP Alert: Short-Term Overbought Conditions Suggest Upcoming Pause/Pullback

by Erin Heim

It may seem strange that all of the Scoreboards are green except in the area of intermediate-term PMO signals. A look at the weekly charts for all four indexes reveals all but the NDX weekly PMO are rising up toward IT PMO BUY signals. The margin is still rather large so I wouldn't expect to see these signals update until next Friday at the earliest. To see the weekly charts (including daily  Read More

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DOW JONES INTEGRATED OIL & GAS INDEX IS TRADING OVER ITS 200-DAY AVERAGE AND MAY BE ON VERGE OF UPSIDE BREAKOUT -- CHEVRON TOUCHES THREE-YEAR HIGH

by John Murphy

DOW JONES US INTEGRATED OIL & GAS INDEX MAY BE BREAKING OUT... Energy stocks have been the market's weakest performers during 2017. They're starting, however, to take a turn for the better, both in absolute and relative terms. Energy has been the market's strongest sector over the last week and month. The energy group closest to a potential upside breakout is shown below. Chart 1  Read More

BP (BP) Breaks Out To New Two Year Highs

by Greg Schnell

British Petroleum (BP) has been wobbling higher while oil has had a series of lower highs over the course of 2017. This week, BP has pushed to new two year highs. With an astounding dividend yield of 6% and superb price action on the stock, this chart looks great. The MACD is breaking out above a trend line and volume has slowed while the ascending triangle builds.  Check out a host of new...  Read More

Banks Strengthen To Lead Financials, Major Indices Higher

by Tom Bowley

Market Recap for Monday, September 18, 2017 It was another very bullish day on Wall Street as most indices finished with gains once again.  The Russell 2000 ($RUT) led the charge with a 0.65% rise.  Gains in the Dow Jones and S&P 500 were more modest, but still both managed to close at fresh all-time highs.  It's difficult to be disappointed with that type of...  Read More

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Materials, Industrials and Tech Lead New High List - GOOGL, AMZN and FB Weigh - Five Stock Setups

by Arthur Hill

.... 52-week Highs Reflect Broad Strength  .... Materials, Industrials and Technology Lead New High List .... Alphabet, Amazon and Facebook are Dragging .... CSCO Hits Multi-Month High .... Fiserv Turns Up after Pullback .... AMD Bounces off Key Retracement .... CHD and CL Start Turning UP .... How to Handle Overvalued Stocks .... 52-week Highs Reflect Broad Strength  Large-caps...  Read More

On Fire! Energy, Small- and Mid-Caps, Financials All Trigger ITTM BUY Signals

by Erin Heim

The last two days have issued SIX new Intermediate-Term Trend Model (ITTM) BUY signals. It shouldn't be a surprise that the Energy SPDR (XLE) and Natural Gas (UNG) triggered given the buzz around that sector last week on MarketWatchers LIVE and headlines on our StockCharts.com Blogs page. Arthur Hill and I noted the push that small and mid-caps were making mid-week and today, the Financial  Read More

9/18 MarketWatchers LIVE Recap - Guest Greg Schnell - Monday Set-Ups

by Erin Heim

  Welcome to the recap of Monday's  MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. Watch the latest episode here! Information abounds...  Read More

Aerodynamics for Investors

by Greg Morris

Oh no!  He is losing it!  I have stated a few times that the well seems to be running low; this article might confirm that.  Here is an attempt to turn basic aerodynamics into an investment process. Where:                CL is the coefficient of Lift...  Read More