Latest Posts

John Murphy's Market Message     Click here to read his latest post

DecisionPoint

One Ringy Dingy, Two Ringy Dingy... Cincinnati Bell (CBB) Calling

by Erin Heim

With the market rallying and new Price Momentum Oscillator (PMO) signals moving to BUY signals, I decided to do one of my PMO scans. This particular scan looks for stocks/ETFs with PMOs that have been rising for three days and have just had a 5/20-EMA positive crossover...  Read More

Members Only

DecisionPoint Alert

Market Pauses - Dow and NDX Trigger More BUY Signals

by Erin Heim

Today overall was not as exciting as the last two days, but it isn't surprising to see the market take a pause to digest the rally. Two new BUY signals arrived on the DecisionPoint Scoreboards for the Dow Industrials and the Nasdaq 100. The new Intermediate-Term Trend Model BUY signal was added to the NDX Scoreboard when the 20-EMA crossed above the 50-EMA. This now leaves the NDX with  Read More

Don't Ignore This Chart!

SunTrust Faces Technical Moment Of Truth

by Tom Bowley

SunTrust Banks (STI) looks very bullish on a longer-term weekly chart, awaiting a critical technical breakout.  But on its daily chart, there are signs of slowing momentum and overbought conditions as price resistance nears.  So what's a trader to do?  Well, let's look at the two charts beginning with the big picture: The longer-term pattern is a very bullish inverse head &...  Read More

Trading Places with Tom Bowley

Energy, Banks Lead Continuing Rally

by Tom Bowley

Market Recap for Wednesday, May 25, 2016 Energy (XLE, +1.58%), materials (XLB, +1.23%) and financials (XLF, +1.06%) were the three sectors that gained more than 1% on Wednesday as the U.S. stock market rally extended to almost a week.  The S&P 500 climbed to within 12 points of its recent high and is only 2% or so away from testing its all-time high close of 2131...  Read More

Members Only

Art's Charts

Small and Micros Lead the Way - Sector Performance Says Risk On - Gaps Fuel the Breakouts - 4 Pullback-Pop Candidates

by Arthur Hill

Small and Micros Lead the Way    //    Sector Performance Says Risk On    //    Gaps Fuel the Breakouts in QQQ, SPY and IWM    //    Materials and Finance Lead Sector SPDRs    //    Equal-weight Finance Leads with Higher High    //     Metals & Mining SPDR Gets Momentum Pop     //...  Read More

Wed, May 25

Members Only

DecisionPoint Alert

Strong Follow-Through Rally - New Scoreboard BUY Signals - Gold Correcting

by Erin Heim

There was a quite a shake up on the DecisionPoint Scoreboards as today's strong follow-through on yesterday's rally triggered new BUY signals. The NDX added it's third new BUY signal, a ST PMO crossover. Meanwhile the 5-EMA crossed above the 20-EMA on both the S&P 100 and S&P 500 which generated Short-Term Trend Model BUY Signals. (Scoreboard charts are below). The purpose  Read More

Commodities Countdown

Nothing But Blue Skies For The Oil Business?

by Greg Schnell

Well, a few months pass and the price of oil has nearly doubled. Is it all blues skies from here on in? The oilfield service ETF (OIH) is shooting up nicely today. The SCTR still shows a terrible reading, but there is little doubt that the sector seems resilient to pullbacks and wants to go higher. If the PMO turns higher to cross the signal line here, that would create a very...  Read More

Members Only

Market Message

ELLIOTT WAVE ANALYSIS SUGGESTS THAT STOCKS HAVE BEEN IN A WAVE FOUR CORRECTION -- SINCE BULL MARKETS USUALLY HAVE FIVE WAVES, THAT MEANS THERE'S ANOTHER UPWAVE TO COME

by John Murphy

STOCKS ARE ENDING WAVE FOUR CORRECTION... I find Elliott Wave Analysis very helpful in keeping the stock market's trend in proper perspective. I'm revisiting the subject here because I believe it may explain what's happening in global stocks. Here's a brief explanation. Major bull markets take place in five waves. That includes three upwaves (waves 1, 3, and 5) interrupted by two...  Read More

The Canadian Technician

Betting On Insurance Companies? - The Fed Kickstarts The Charts

by Greg Schnell

Since the Federal Reserve minutes last week, some investors are modifying their expectations for at least a 0.25% increase. Looking on the StockCharts.com homepage today, it was also clear that some of the Canadian insurance companies were starting to show up on the most active list in early trading. A good example is the Manulife (MFC.TO) chart. The SCTR is hitting  Read More

Don't Ignore This Chart!

Two Steps Forward and One Step Backward for Ford

by Arthur Hill

Ford is making a big statement today with a successful test of the 200-day moving average and a break above the mid May high. The chart shows Ford (F) surging in February for its first breakout at 12. After exceeding 13.50, the stock retraced 50-62% with a pullback to the 12.25 area. A higher low formed as Ford again surged and forged a higher high in April. The subsequent pullback again  Read More

Trading Places with Tom Bowley

Semiconductors Close At 2016 High; Technology Leads Big Rally

by Tom Bowley

Market Recap for Tuesday, May 24, 2016 Tuesday was one of the best days of 2016.  Technically, the jump in our major indices was large with the Russell 2000 and NASDAQ leading the charge with gains of 2.15% and 2.00%, respectively.  Our four aggressive sectors performed extremely well as money rotated into aggressive areas of the market, a bullish sign as it...  Read More

Tue, May 24

DecisionPoint

NDX Brushes Off Long-Term SELL Signal and Triggers New Short-Term BUY Signal

by Erin Heim

The Nasdaq 100 (NDX) has been very weak in comparison to most of the large cap indexes; however, it was reinvigorated with today's rally. You'll note on the DecisionPoint Scoreboard Summary below a highlight of the new BUY signals for the NDX. One important point to note is that the NDX is the first of the four indexes...  Read More

Don't Ignore This Chart!

IBB Bounces Off Support

by Greg Schnell

The Healthcare sector has been out of favor and the Biotech ETF (IBB) was tossed into the bonfire with the rest of the sector. The SCTR is still demonstrating that the IBB is one of the worst performing ETFs in the market. So the real question is: Why would we post it in the Don't Ignore This Chart blog? I keep a watchlist of biotech stocks and in the last few days, there have...  Read More

Members Only

DecisionPoint Alert

Breakout Rally - Gold Begins Correction - NDX Shakes Up Scoreboards

by Erin Heim

Today's tremendous rally canceled out the short-term head and shoulders AND shook up the NDX's Scoreboard. Yesterday, the NDX had a Long-Term Trend Model SELL signal. Today saw a whipsaw LTTM BUY signal when the 50-EMA crossed back above the 200-EMA. Additionally, a new Short-Term Trend Model BUY signal was generated for the NDX when the 5-EMA crossed above the 20-EMA. I'll be writing  Read More

Members Only

Market Message

STRONG HOUSING DATA GIVES HOMEBUILDERS AND STOCKS A BIG LIFT -- BANKS HELP LEAD FINANCIALS TO ANOTHER STRONG DAY

by John Murphy

HOME CONSTRUCTION ISHARES CLEAR MOVING AVERAGES ... April new home sales surged to the highest level since 2008. That followed on the heels of last week's report of strong existing home sales. The prospect of newer homes being built is good for homebuilders, the economy, and the stock market. And that good news is being reflected in today's trading. Chart 1 shows the U.S.  Read More

Trading Places with Tom Bowley

U.S. Stocks End Flat On Monday, Eye Housing Data

by Tom Bowley

Market Recap for Monday, May 23, 2016 Despite seven of nine sectors finishing lower, the major U.S. indices managed to close near the flat line due to strength in basic materials (XLB, +1.17%).  Consumer staples (XLP, +0.10%) was the only other sector in positive territory at the closing bell.  The XLB and XLP fashion two of the three best SCTRs among the sector...  Read More

Members Only

Art's Charts

Small Gaps Could End Pullbacks - When to Pull the Trigger? - Scanning for Pullbacks within an Uptrend - Webinar Video

by Arthur Hill

ÂÂ? Small Gaps Could Signal End to Pullbacks     //    When to Pull the Trigger?    //    Money Moves out of Safe-haven Bonds    //    Finance Remains in the Spotlight    //    Regional Banks Take the Lead    //   Webinar Preview  ////     ...  Read More

Mon, May 23

Members Only

Martin Pring's Market Roundup

The Balance of Technical Evidence At The Short-end Is Now Pointing Towards Higher Rates

by Martin Pring

A tale of two possible market scenarios Are we there yet? Watch those techies The charts support a higher interest rate scenario A tale of two possible market scenarios I have been calling for a US equity market correction for the last few weeks because an overbought condition in several short-term oscillators argued for such a possibility. That was pretty easy, but...  Read More

Members Only

DecisionPoint Alert

Consolidation Continues - NDX Long-Term SELL Signal

by Erin Heim

The big news is that the Nasdaq 100 switched to a new Long-Term Trend Model SELL signal. This occurs when the 50-EMA crosses below the 200-EMA. Technically that puts NDX in a bear market configuration. It's Scoreboard is now holding onto one BUY signal. However, that signal missed changing on Friday by one one-thousandth of a point which would left NDX on bearish signals across the board. There...  Read More

Don't Ignore This Chart!

The Next Big Tech Stock to Watch for a New High

by Arthur Hill

Stocks hitting 52-week highs are in clear uptrends and they are the market leaders. I am not going to feature a stock hitting a new high today, but rather look at one that has a good chance of hitting a new high in the coming weeks. The weekly chart below shows Cisco (CSCO) with a resistance zone extending back to the February 2015 highs. A break above this zone would put the stock at a...  Read More

Trading Places with Tom Bowley

Technology Leads Market As Applied Materials Buoys Semiconductors

by Tom Bowley

Market Recap for Friday, May 20, 2016 Applied Materials (AMAT) posted excellent quarterly earnings results on Thursday after the closing bell and that lifted semiconductors ($DJUSSC, +3.0%) on Friday.  Technology (XLK, +1.21%) in general performed exceptionally well, leading all sectors.  AMAT cleared short-term price resistance at the opening bell Friday morning...  Read More

Sun, May 22

Don't Ignore This Chart!

This Small Semiconductor Stock Has A Big Chart

by Tom Bowley

A little more than three weeks ago, a very small $435 million semiconductor company reported quarterly EPS that nearly tripled Wall Street consensus estimates.  Quarterly revenues also beat estimates by roughly 3%.  That combination sent Nanometrics (NANO) soaring on April 27th, at one point up 20% on the session.  NANO became overbought at that point and has spent the past few...  Read More

DecisionPoint

AAPL: Possible Bottom

by Carl Swenlin

I don't spend much time with TV business news channels, but I do use them as company when I'm getting up in the morning. Several days ago there was a headline that Apple (AAPL) was down -14% this year, providing a perfect example of how business media often miss the point. It would have been more helpful if the headline had informed us that Apple was down -31% from its all-time high. At  Read More

ChartWatchers

Four Things All StockCharts Users Need to Know

by Chip Anderson

Hello Fellow ChartWatchers! Short Version:  The Dow continues moving lower.  The upcoming death of Flash means everyone is getting the new version of ChartNotes.  You really need to sign up for ChartCon 2016 soon.  We have 10 once-in-a-lifetime seats available if you want to see ChartCon 2016 in person. 1.) The  Read More

ChartWatchers

VIX Fails Breakout Attempt, NASDAQ May Be Turning Higher

by John Murphy

My Thursday morning message showed the Volatility Index (VIX) trying to break through resistance near 17. It rose as high as 17.65 intra-day which was the highest level in two months. Fortunately, it wasn't able to close there. The good news is that the VIX closed at its low for the the day and dropped again on Friday. That left it well below the 17.00 resistance level. An upside breakout in  Read More

Sat, May 21

ChartWatchers

Defense Stocks Remain A Must Own

by Tom Bowley

The Dow Jones U.S. Defense Index has been annihilating its competition for the past few years.  It's very clear if you take a look at a longer-term relative performance chart.  Check this out: This is an interesting chart.  During the bear market from 2007 to 2009, defense stocks performed very well on a relative basis.  But the start of the bull market in March 2009 was not...  Read More

ChartWatchers

Trading Tune Up Part Two

by John Hopkins

In my last ChartWatchers article I pointed to the importance of taking a time out now and then to analyze trading habits. I referred to it as a "Trading Tune Up". The article served as a reminder to me that you need to be on your toes at all times when trading and that even a...  Read More

Dancing with the Trend

Investing with the Trend

by Greg Morris

Warning!  This is a sales pitch for my latest and last book, Investing with the Trend.  Instead of hearing from me, I have included a few actual reviews from readers.  I basically tell people that I dumped 40+ years of experience in this book.  There are many things in this book...  Read More

Members Only

Market Message

DOW AND S&P 500 REMAIN IN SIDEWAYS PATTERN AFTER PASSING ONE-YEAR ANNIVERSARY OF MAY 2015 TOP -- BOTH ARE IN SHORT-TERM PULLBACKS BUT REMAIN ABOVE THEIR 200-DAY LINES

by John Murphy

VIX FAILS BREAKOUT ATTEMPT... My Thursday morning message showed the Volatility Index (VIX) trying to break through resistance near 17. It rose as high as 17.65 intra-day which was the highest level in two months. Fortunately, it wasn't able to close there. The good news is that the VIX closed at its low for the the day and dropped again on Friday. That left it well  Read More

ChartWatchers

XLK Shows Signs of Life as Key Moving Average Holds

by Arthur Hill

It has been a wild ride for the Technology SPDR (XLK) since August, but the ETF is showing signs of strength by holding the 200-day moving average in May. The red line shows the 200-day SMA dissecting the chart in the 41.5-42 area. Note that XLK broke above this key moving average in early March and is now testing this breakout here in May. I consider the cup half full (bullish) when XLK is  Read More

ChartWatchers

Finding Great Stocks In Technology AVGO QCOM CY

by Greg Schnell

Technology has been one of the worst-performing sectors recently. However, over the last three weeks, the Tech sector represented by the SPDR ETF (XLK) has been performing slightly better than the SPX. Scanning through the carnage, I found lots of interesting charts. However, Broadcom (AVGO), Qualcomm (QCOM) and Cypress Semiconductor (CY) are charts that...  Read More

Fri, May 20

ChartWatchers

PMO Analysis - SPX Not Ready to Bottom, But NDX Is?

by Erin Heim

During today's webinar, my "Bonus Indicator Chart" was the Price Momentum Oscillator (PMO) Analysis chart for the SPX. It reveals that it doesn't have the internal strength necessary (yet) to rally out of the current declining trend. The NDX is beginning to show signs of life...  Read More

Members Only

DecisionPoint Alert

Head and Shoulders Disintegrating but Declining Trend Intact

by Erin Heim

Price is still in a declining trend despite today's rally. I believe the head and shoulders formation we have been watching on the SPY is still intact because the declining trend is still intact and it technically did not execute this week since price didn't close below the neckline. The NDX was able to hold on to its Intermediate-Term PMO BUY signal despite a negative crossover that occurred...  Read More

The Canadian Technician

Archer Daniel Midland (ADM) Sprouts A New Uptrend

by Greg Schnell

Archer Daniels Midland (ADM) is a big player in the Agriculture Industry. ADM revenues are 64 Billion. So the 64 Billion dollar question is : Can this stock start to outperform? Let's look into the chart. The stock has been trending down for a year. This week, the SCTR finally went back above 75 for the first time in a year. The Relative Strength shown in purple is at new  Read More

Commodities Countdown

Why Are Canadians And Australians Starting To Smile More? - Webinar Review 2016-05-19

by Greg Schnell

With the Federal Reserve minutes being released Wednesday, lots of subtle changes are taking place in the commodities. On Thursday's Commodity Countdown Webinar 2016-05-19, I reviewed some new signals starting to show up for Canadians and Australians that US investors can participate in as well. "Commodities...<  Read More

The Traders Journal

Stalking the "Best of Breed" Equities

by Gatis Roze

The same investment analysis seldom yields consistent conclusions over a period of time.  As much as investors would like to believe they are predictably consistent in their analysis, I'd be willing to wager that this is seldom the case. This is especially true if you are stalking similar equities, ETFs or mutual funds in the same industry or asset class.  I find when I review my  Read More

Members Only

Art's Charts

Volatility Contracts on Pullback - QQQ Stalls - Treasury Yields can Effect other Assets - Dollar Gets Breakout

by Arthur Hill

Volatility Contracts on SPY Chart    //    QQQ Extends its Stall    //    April Gaps Remain for AAPL, GOOGL and MSFT    //    A Reasonable Pullback for IWM    //    Index and Sector Table Update    //    Industrials and Finance Hold the Key    //    How Treasury Yields affect...  Read More

Trading Places with Tom Bowley

Defensive Stocks Fuel Bounce Off Key Price Support

by Tom Bowley

Market Recap for Thursday, May 19, 2016 Utilities (XLU, +1.01%) and consumer staples (XLP, +0.98%), two defensive sectors, easily outdistanced all of the other sectors with respect to Thursday performance.  So while the save of price support across all of our major indices was nice, keep in mind that market participants are not exactly rushing into aggressive stocks and...  Read More

Thu, May 19

Wyckoff Power Charting

Wyckoff Group Think

by Bruce Fraser

Finding the best emerging stock ideas can seem like finding a needle in a haystack. The goal is to organize your market analysis in such a way that you can drill down into the market structure and find leadership quickly and efficiently. There are many good ways to survey the market. As a Wyckoffian, I think a powerful technique is to scan the market manually. This approach will give you a feel...  Read More

DecisionPoint

Financial SPDR (XLF) Garners a Long-Term Trend Model BUY Signal

by Erin Heim

What, what? A new Long-Term Trend Model (LTTM) BUY signal for XLF? Indeed. Yet, how bullish is the Financial sector in the short, medium and long terms? After reviewing the daily, weekly and monthly charts, the conclusion is that the Financial sector may  Read More

Sign Up for our Free Twice-Monthly ChartWatchers Newsletter