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

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Martin Pring's Market Roundup

Introducing The Special K Scan

by Martin Pring

Rationale for the Special K At my Chartcon presentation, I outlined the characteristics and uses of my Special K indicator and introduced a new advanced scan for identifying trading signals.  I'll talk about that, as well as how you can set up such scans later, but first a rationale for this unusual indicator. The Special K is a momentum indicator that combines...  Read More

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DecisionPoint Alert

Filling the Gap

by Carl Swenlin

I had suspected that yesterday's low volume up gap might represent momentary exhaustion. Today SPY moved down just enough to fill the gap. In spite of today's decline we got three short-term BUY signals on the DecisionPoint Scoreboards. There were ST Trend Model BUY signals on $SPX and $OEX, as 5EMAs crossed up through 20EMAs. For $NDX the PMO crossed up through the signal line.  Read More

The Traders Journal

Thrive as an Investor, Don't Just Survive

by Gatis Roze

Jonathan Wendel earned $454,544.  He is very similar to us investors / traders in many ways despite being a professional video gamer.  Academics have in fact identified  the roles that gamers adopt - such as Explorers, Sentinels, Analysts and Campaigners.  Not that dissimilar to the tribes academics assigned us investors. The point is, we are more alike than we are unalike...  Read More

Commodities Countdown

The Bank Review Three Months After Brexit - Part 2

by Greg Schnell

This is a continuation of the article: " The Bank Review Three Months After Brexit"  Click on the link to read it first. In hindsight, Brexit injected fear into the market and the market has rallied hard for three months. Let's zoom in on some of the banks close to the issue...  Read More

Commodities Countdown

Bank Review Three Months After Brexit

by Greg Schnell

This article was first published on June 27, 2016. All of the charts have been updated to check our progress. Since the sub-prime financial crisis, there has been a lot of discussion about Too-Big-To-Fail, Bank Stress Tests, and Central Banks using unique tools to try and keep the market on an even keel. One of the problems in the world is the deeply indebted government entities. What makes  Read More

Don't Ignore This Chart!

Etsy (ETSY) Looks Crafty Here

by Greg Schnell

Etsy.com (ETSY) is a website focused on the craft community. This user community is a large group with very unique and creative products. As a retailing website, ETSY is bringing craft providers to craft buyers. Etsy went public in April 2015. The stock has been in decline and built a base for the first 6 months of this year. Recently, ETSY broke above the $10 base and went...  Read More

Thu, Sep 22

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DecisionPoint Alert

SPY Gaps Higher

by Carl Swenlin

The market gapped up at the open and held on to its gains throughout the day. The Dow, which had generated a ITTM NEUTRAL signal on Tuesday, switched back to a BUY today. The Dow chart shows the skinny dip of the 20EMA below the 50EMA. This illustrates why the model returns a NEUTRAL signal rather than a SELL signal when there is a downside 20/50 crossover with the 50EMA above the 200EMA. We do...  Read More

Don't Ignore This Chart!

Renewable Energy Stock Fills Breakaway Gap

by Tom Bowley

It's nice to see a heavy volume gap higher to break a downtrend.  It can be a very strong signal that sentiment has changed on a particular stock or industry group.  While renewable energy stocks ($DWCREE) remain technically-challenged, one of its components - Sunrun (RUN) - has certainly begun to show improving technical signs that could be considered by aggressive traders.  Read More

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Art's Charts

Long-term Trend Overrides Short-term Weakness - QQQ Hits New High - KRE Extends Correction - Watching the Wedge in IEF

by Arthur Hill

Long-term Trend Overrides Short-term Weakness .... Percent above 200-day EMA Remains Strong .... SPY Follows Through on Inside Day Reversal .... QQQ Leads as IWM Challenges High .... Housing and Retail are Still Lagging .... Regional Banks Extend Correction .... Treasuries Surge within Corrective Patterns .... //// .... Long-term Trend Overrides Short-term Weakness Stocks fell...  Read More

Wed, Sep 21

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DecisionPoint Alert

Fed Dithers; Market Advances

by Carl Swenlin

The Fed didn't raise interest rates, but they think they may later this year. The usual baloney. As we contemplate when they may actually raise rates, let's keep in mind that they created the ill-fated real estate bubble last decade. Having since created the current, new and improved real estate bubble, they are probably are not going to do anything to poke a hole in it. (Editor's Note: I...  Read More

The Canadian Technician

Gold Surges On The Back Of The Fed Holding Rates

by Greg Schnell

So the Fed held rates steady which caused the price of Gold to surge.  That caused the Gold miners (GDX) to really surge.  This looks like a nice entry back into the miners after pulling back for 6 weeks. Hey, last chance to get in on ChartCon 2016. We kick it off Friday morning! There is some...  Read More

RRG Charts

Tech stocks dominate sector rotation but broader market at risk

by Julius de Kempenaer

The Relative Rotation Graph below holds the components of the Dow Jones Industrials index vis-à-vis the $INDU index. The one observation that immediately stands out to me is the domination of technology stocks inside the leading quadrant. AAPL, MSFT, INTC, and CSCO are all positioned well inside the top right-hand quadrant, indicating that they are in (mature) relative uptrends...  Read More

Don't Ignore This Chart!

Retail SPDR Hits Moment-of-truth

by Arthur Hill

The Retail SPDR (XRT) is at its moment-of-truth with a long-term bullish pattern battling a short-term bearish pattern. Long-term, the ETF formed a double bottom and broke resistance with the July surge. This breakout zone turned into support with a successful test in early August. After a sharp decline from late August to early September, the ETF formed a flat consolidation near this support...  Read More

Tue, Sep 20

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DecisionPoint Alert

More Congestion Ahead of Fed - Dow Industrials Move to ITTM Neutral Signal

by Erin Heim

The DecisionPoint Market/Sector Summary is not the only table losing Intermediate-Term Trend Model BUY signals. Today, the Dow triggered an Intermediate-Term Trend Model Neutral signal. I've included its chart beneath the DP Scoreboards where you can see the Dow is the first to give up its ITTM BUY signal. The other indexes will soon follow suit unless price can get up above the 50-EMA...  Read More

Don't Ignore This Chart!

Fifth Third Bank Corp (FITB) Breaks Above A Long Down Trend

by Greg Schnell

Fifth Third (FITB) is a bank with an upward bias above the previous peaks. After spending almost 2.5 years building a ceiling on the stock, FITB is finally pushing through. The SCTR started pushing up above 75 back in July. Last week was the break above the trend line. With the Fed meeting tomorrow, it will be important to see how the bank stocks react. Some of the overseas...  Read More

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Martin Pring's Market Roundup

The Quiet Before The Storm?

by Martin Pring

Major stock averages are at major support Stocks or bonds? What about the rest of the world? Inflation/deflation inter-asset relationships The media seems to be fixated with potential central bank action this week but the markets are barely able to keep their eyes open. This is becoming one-big-yawn! I am seeing a lot of charts in widely diffuse areas, just poised to break out from trading  Read More

Trading Places with Tom Bowley

This Relative Ratio Suggests U.S. Weakness Ahead

by Tom Bowley

Special Note I continue to move into ChartCon 2016 mode, so bear with me as all of us here at StockCharts.com prepare to descend upon California.  My travel day is tomorrow so I will not likely post at all.  Of course, there's always the possibility of a last minute airport post!  :-) Please check out the ChartCon 2016 information page  Read More

Mon, Sep 19

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DecisionPoint Alert

One More Buy Signal Lost on Market/Sector Summary

by Erin Heim

There are no new signal changes on the DP Chart Gallery DecisionPoint Scoreboards below; however, our Market/Sector Summary market posture table below that continues to change appearance as another Neutral signal is added and a BUY signal taken away. The purpose of the DecisionPoint Alert Daily Update is to quickly review the day's action, internal condition, and Trend Model status  Read More

Commodities Countdown

Commodities Totter on the Teeter-Totter - Webinar Skim 2016-09-15

by Greg Schnell

Commodities continued their pullback this week. The problem is that a lot of them have been teetering on support. This week marks a break in my optimism. First, Crude oil finished the week at the uptrend line. On the webinar, I used the close rather than the intraday lows. The bottom line, oil needs to hold here. Gold closed below the uptrend line. This is an important level of...  Read More

Don't Ignore This Chart!

Financials iShares Bounces off Breakout

by Arthur Hill

Chartists looking to track the finance sector can turn to the iShares Financials ETF (IYF). Note that the Finance SPDR (XLF) is in the midst of a metamorphosis this week so chartists can consider watching IYF for clues on the finance sector this week. IYF is in a long-term uptrend because the 50-day EMA is above the...  Read More

Trading Places with Tom Bowley

U.S. Equities Stumble on Friday As Banks Test 50 Day

by Tom Bowley

Special Note My blog articles will be brief the next two days as I prepare for ChartCon 2016.  I will be traveling on Wednesday so there will be no article that day.  While in California, my blog schedule will not be set so I'll simply post when I have time and am able.  ChartCon 2016 begins this Friday (!!!) and you still have time to register for this...  Read More

Sun, Sep 18

DecisionPoint

Oversold Bounce Possible?

by Carl Swenlin

Before we ask if an oversold bounce is possible, we should ask if the market is oversold. Looking at the chart below, the PMO is just above the zero line. While that level proved to be oversold after the Brexit vote at the end of June, a more typical oversold reading is around -2.0, like it was in February. But maybe we can find another indicator that might offer some hope of a short-term  Read More

Sat, Sep 17

ChartWatchers

Treasury Yields Continue to Climb, Investment Service Stocks Show New Leadership

by John Murphy

I've been writing about the upturn in global bond yields, which has boosted Treasury bond yields. Chart 1 shows the 10-Year Treasury Yield trading above 1.70% in today's trading. Foreign yields are bouncing as well. One of the side-effects of rising bond yields is the recent rotation out of bond proxies like staples, telecom, telecom, and REITs and into financials like banks...  Read More

ChartWatchers

Sitting on the Edge

by John Hopkins

September has a reputation of being a difficult month for traders. So far it is living up to its reputation. The S&P started out the month pretty much like it had the prior many weeks; going nowhere. And on September 8 the S&P remained within easy striking range of its all time high. But the following day stocks got hammered with the S&P losing almost 2.5% in one session. It also...  Read More

ChartWatchers

How ChartCon 2016 Will Help You Make Better Investing Decisions

by Chip Anderson

Hello Fellow ChartWatchers! Markets are pulling back from their highs on increasing volume.  You can see the weekly and daily charts with my annotations by clicking here.  But even in this declining market environment, there are always possibilities.  My "Strengthening...  Read More

ChartWatchers

Combining Seasonality And Strong Technical Patterns

by Tom Bowley

This is the final ChartWatchers newsletter before all of us here at StockCharts.com descend upon Northern California to produce what I believe will be one of the most educational online financial conferences of our time.  Leading technical experts will be divulging their best kept secrets to hopefully add weapons to your arsenal as you trade and invest for higher...  Read More

Wyckoff Power Charting

An AAPL for Your Thoughts

by Bruce Fraser

So many important events happen in the fall of the year; school starts, football season begins, new television programming is introduced. But, for many, the momentous event is the reveal of the latest Apple iPhone. This year the pundits had a collective yawn over the new features of the iPhone 7, but the preorders were record setting, and very quickly the initial inventory was sold out. There  Read More

ChartWatchers

Grocers Sit On A Knife Edge On The Weekly Time Frame

by Greg Schnell

The Grocery chains are usually a free cash flow machine and are in the Consumer Staples Group. Walmart is an exception sitting in the Consumer Cyclicals group. Walmart started as a Broadline Retailer and added groceries. However, the grocers are not having a good year and major support levels are in play. Kroger (KR) is an example. After being in a fabulous uptrend  Read More

Don't Ignore This Chart!

Here Are The Four Technology Industry Groups You Don't Want To Ignore

by Tom Bowley

After technology stocks (XLK, +2.70%) clubbed the energy sector (XLE, -2.64%) last week, the former group is now the leading sector over the past six months, widely outperforming the benchmark S&P 500 index.  Within technology, there are four industry groups that have been outperforming the benchmark technology sector ETF (XLK).  Here's a chart that summarizes all of this relative...  Read More

ChartWatchers

Tech Sector Breaks Away from the Pack

by Arthur Hill

There is the tech sector, and then there is the rest of the stock market. It is not that bad, but the tech sector is clearly head and shoulders above the other sectors. This is true with the Technology SPDR (XLK) and the EW Technology ETF (RYT). The first SharpChart shows the nine sector SPDRs in performance mode. Since May, XLK is up the most, by far. XLK accounts for around 21% of the S&P...  Read More

The Canadian Technician

Knight Therapeutics (GUD.TO) Breaks Out While The Market Pulls Back

by Greg Schnell

Knight Therapeutics (GUD.TO) has been basing nicely over the last few years. Two weeks ago it broke out from the base. Last week it printed a very weak candle so the breakout was looking a little suspect. However, this week, it has continued to climb. The Relative Strength compared to the $SPX is breaking out to new 52-week highs. With the SCTR breaking back above 75  Read More

Fri, Sep 16

Don't Ignore This Chart!

XLI SCTR Drops To New 52 Week Lows

by Greg Schnell

The Industrial Sector (XLI) SCTR has gone from top to bottom in the last few months. One of the reasons this is a little concerning is when the SCTR for the XLI dropped into the bottom quadrant in 2015, it marked a 6-month struggle for the index and the sector.The industrials are a good economic gauge of the economic activity and the chart suggests this is getting quite...  Read More

ChartWatchers

Thrust/Trend Model Chart Warns of More Decline

by Erin Heim

A comment on a recent DecisionPoint Alert blog article prompted me to review the Thrust/Trend Model indicator chart. During Friday's webinar I brushed over it as time was quickly disappearing. I promised to go over it in more detail in my ChartWatchers article. So here we go! First, here's a quick refresher on the signal generation of the  Read More

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DecisionPoint Alert

Support Continues to Hold, but for How Much Longer? - Weekly Charts Reviewed

by Erin Heim

There were two more ITTM BUY signals that dropped off the DecisionPoint Market/Sector Summary. The entire table is beginning to show signs of an upcoming decline or correction in the intermediate term. No new DP Scoreboard changes today. The NDX's new STTM BUY signal is still holding, but is very vulnerable to whipsaw. The IT PMO signals are on BUY signals but they are beginning to  Read More

TechniTrader

Spatial Pattern Recognition Skills Are An Essential Trading Skill Set - DETAILED EXPLANATIONS

by Martha Stokes

The Importance of Recognizing Buy Entry Signals Before we get started on the final lesson regarding Engulfing White candles, I want to let my readers know that although I was unable to attend the StockCharts.com Conference "ChartCon 2016" this year due to prior commitments, I recorded a video that will be featured. I chose two of my favorite subjects to teach and I am sure all...  Read More

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Art's Charts

Tech Leads and Establishes Key Watch Level - Cisco Turns Indecisive - Biotechs Perk Up - 3 Big Biotechs to Watch

by Arthur Hill

Technology ETFs Establish Key Levels to Watch .... Semis and Networking ETFs Follow Suit .... Cisco Forms a Pair of Inside Days .... A Big Counter-Trend Advance in XLE .... Crude Remains in Long-term Downtrend .... Biotech SPDR Holds its Breakout .... Three Big Biotechs to Watch .... //// .... Technology ETFs Establish Key Levels to Watch  The technology sector is  Read More

The Traders Journal

Charts I'm Stalking Action Practice #2

by Gatis Roze

This blog is in the new bi-weekly format where we'll first analyze the charts I presented to you in my September 2, 2016 blog.  After that, we'll present new charts. http://stockcharts.com/articles/journal/2016/09/charts-im-stalking-action-practice.html As I wrote previously, this "Action...  Read More

Dancing with the Trend

The Sales Pitches of Wall Street

by Greg Morris

I am on record for saying that academic finance is the marketing department for retail (sell side) Wall Street.  Note: Sell side is the secondary market where you buy and sell stocks; versus the primary market where capital is raised.  Over the years (notice I use that phrase often?) I kept a mental record of the things that clients have asked about in regard to the stock  Read More

Trading Places with Tom Bowley

Technology Shares Lead Strong U.S. Rally

by Tom Bowley

Market Recap for Thursday, September 15, 2016 There was plenty of good news to go around on Thursday, which was nice because the bulls have been beaten up a little bit of late.  All of our major indices finished with solid gains and all nine sectors advanced.  Technology (XLK, +1.64%) was the leading sector once again, led in large part by computer hardware's  Read More

Thu, Sep 15

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DecisionPoint Alert

Rally Before Options Expiration - New ITTM Neutral Signal on Bonds (TLT)

by Erin Heim

The sharp advance on Apple, Inc. (AAPL) fueled a strong rally on the Nasdaq 100. This in turn triggered a new Short-Term Trend Model (STTM) BUY signal as the 5-EMA soared up to and above the 20-EMA. I've included the NDX chart below the Scoreboards. It comes directly from the DecisionPoint LIVE Shared ChartList, annotations and all! Bookmark it  Read More