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SystemTrader - Testing a Basic PPO System with a Profit Target and Momentum Filter

by Arthur Hill

.... Testing the Basic PPO Signal Line Cross  .... Setting the Benchmark .... Consulting, Software and Data .... System Ground Rules .... PPO Signal Line System .... A Winning Chart and a Losing Chart .... Breaking a Tie and Favoring Momentum .... Backtest Results Favor Large-caps .... Profit Factor Metric .... Conclusions and Caveat Emptor .... Testing the Basic PPO Signal  Read More

Consumer Stocks, Healthcare Take Their Turn To Lead U.S. Equities To New Highs

by Tom Bowley

Market Recap for Wednesday, October 4, 2017 This bull market advance continues to be about rotation.  Index rotation.  Sector rotation.  Individual stock rotation.  Few areas of the market are breaking down.  It's mostly about gains, consolidation, then more gains.  On Wednesday, the red hot Russell 2000 took a day off.  How can you blame...  Read More

DP Indicator Spotlight: McClellan Summation Index Overbought and Rising on Major Indexes

by Erin Heim

Developed by Sherman and Marian McClellan, the McClellan Summation Index is a breadth indicator derived the McClellan Oscillator, which is a breadth indicator based on Net Advances (advancing issues less declining issues). The Summation Index is simply a  Read More

10/4 MarketWatchers LIVE Recap - SCTR Update - Sector Rotation

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

Alphabet Turns up with Increase in Volume

by Arthur Hill

Alphabet, which some of you may know as Google, surged off a support zone with good volume and broke short-term resistance. This breakout could evolve into more because the big picture is also bullish. GOOGL advanced to a new high in May and then consolidated with a long consolidation. The blue trend lines converge slightly so we could call it a symmetrical triangle. Regardless, a consolidation...  Read More

Airlines Catch Seasonal Jet Stream To Lead Transports, Market Higher

by Tom Bowley

Market Recap for Tuesday, October 3, 2017 It didn't take long for the seasonal tailwinds to kick in for airlines ($DJUSAR).  I posted last Friday that airlines were poised to breakout technically and highlighted Alaska Air Group (ALK) as one airline that has performed extremely well during the fourth quarter, especially October.  Well, the breakout happened...  Read More

INTC and PFE expected to dominate relative rotation in $INDU while NKE, DIS, and TRV are lagging

by Julius de Kempenaer

Plenty of actionable rotation towards the edges of the Relative Rotation Graph above. The RRG holds the 30 members of the Dow Jones Industrials index. Scanning around the outside of the chart the following stocks draw the attention. In the weakening quadrant, MCD is at the lowest JdK RS-Momentum reading and heading lower on the JdK RS-Ratio axis, towards the lagging quadrant. Also, MSFT and UNH...  Read More

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Market Roundup Video Recording With Martin Pring 2017-10-04

by Martin Pring

The Market Round Up Video Recording for October is available. Use the HD button for better clarity when viewing. Market Round Up Live With Martin Pring 2017-10-04 from StockCharts.com on Vimeo. Good luck and good charting, Martin J. Pring The views expressed in this article...  Read More

DP Alert: Island Formations and Gaps - More All-Time Highs - RYU Signal Change

by Erin Heim

No new changes on the DecisionPoint Scoreboards at this time, but we should see the IT PMO signals change on Friday. I was notified by my Technical Alert that weekly PMO crossovers occurred on all but the NDX. These signals will need to stay intact at the end of trading on Friday for them to become documented signals. The purpose of the DecisionPoint Alert Daily Update is to  Read More

Airlines Begin Their Typical October Rally

by Tom Bowley

Airlines ($DJUSAR) absolutely "took off" in today's action as buyers emerged to drive nearly every airline higher.  Spirit Airlines (SAVE) surged 7.10%.  JetBlue Airways (JBLU) popped 7.08%.  Delta Air Lines (DAL) jumped 6.62%.  One fundamental reason for the group's strength was DAL's announcement that it reaffirmed its third quarter unit revenue and margin guidance...  Read More

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AIRLINES LEAD TRANSPORTS AND INDUSTRIAL SPDR TO NEW RECORDS -- DELTA AND AMERICAN AIRLINES RISE ABOVE 200-DAY LINES

by John Murphy

AIRLINES TAKE OFF... Airlines stock are finally gaining some altitude. Previous messages have shown rails, truckers, and delivery service stocks leading the Dow Transports to record highs. My September 20 message described airlines as the weakest part of that sector, but showed them in an oversold condition and trying to stabilize. Airlines are today's strongest group. Chart 1 shows the...  Read More

October Begins In Record-Setting Fashion

by Tom Bowley

Market Recap for Monday, October 2, 2017 It was another record day on Wall Street.  The Dow Jones, S&P 500, NASDAQ and Russell 2000 all closed at fresh all-time highs.  Wide participation is a hallmark of a bull market rally and, make no mistake, there's been wide participation on this rally.  The only disappointment on Monday was the NASDAQ 100's...  Read More

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Techs and Industrials Lead New High List - Metals-Mining and Steel ETFs Turn Up - Four Stock Setups

by Arthur Hill

.... The Little Bull that Could .... Industrials, Finance and Tech Lead New High List .... Cyber Security and Networking ETFs Turn Up .... Strategy Note - A New High in the Future .... Metals-Mining and Steel ETFs Bid to End Pullbacks .... Freeport McMoran Stalls within Uptrend .... Nucor and Steel Dynamics Attempt to End Corrections ....  The Little Bull that Could The bull market  Read More

10/2 MarketWatchers LIVE Recap - Monday Set-Ups - Technical Scans/Alerts

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

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RISING RATES CONTRIBUTE TO ROTATIONS -- FINANCIAL SPDR HITS ANOTHER RECORD

by John Murphy

FINANCIALS CONTINUE TO LEAD ... Financial stocks continue to build on their strong September gains. Chart 1 shows the Financial Sector SPDR (XLF) hitting a new record high again today. Rising interest rates are the main force driving money into banks, brokers, and insurers. The black line just above the price chart shows the XLF/SPX ratio turning up...  Read More

Signal Change Bulletin: New BUY Signals for NDX and Consumer Discretionary ETF (XLY)

by Erin Heim

Wanted to update readers on two new signal changes that triggered after the close today. You'll see that the NDX DecisionPoint Scoreboard has logged yet another change for the NDX. This time a ST Trend Model BUY signal. The NDX triggered an ST Trend Model BUY signal today when the 5-EMA crossed below the 20-EMA. Not surprising given the rally that the technology sector had today. We're still...  Read More

3M Holds the Breakout Zone $MMM

by Arthur Hill

3M (MMM) is helping itself and the Dow Industrials with a breakout in mid September. As a price-weighted average, the stocks with the highest price carry the most weight and MMM, which is the third highest-priced stock, accounts for around 6.5% of the Dow. On the price chart, the stock broke out of a triangle consolidation with a sharp advance in mid September and then fell back over the last  Read More

WHY Breadth?

by Greg Morris

I have written often about market internals or market breadth.  In fact, there was a whole series of articles as I was updating my " The Complete Guide to Market Breadth Indicators" book.  The articles began  Read More

The Fourth Quarter Begins With Seasonal And Technical Signals Aligning Bullishly

by Tom Bowley

Market Recap for Friday, September 29, 2017 We wrapped up the third quarter on Friday with all-time highs showing up everywhere.  There was a big buying push into the close on Friday, likely in anticipation of more strength during the fourth quarter.  There was strength in most aggressive areas of the market with only utilities (XLU, -0.08%), consumer staples (XLP...  Read More

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Four Implications Of A US Dollar Rally

by Martin Pring

  Two bullish dollar charts Several dollar sympathy relationships are likely to reverse In a couple of September articles on the dollar I suggested that the potential for a short-term rally existed, as bearish sentiment and other indicators appeared to have moved to an extreme. A rally of some kind does appear to be unfolding, though at this point we have to treat it as a counter-cyclical...  Read More

Two Bullish Charts In A Very Bullish Industry

by Tom Bowley

Delivery services ($DJUSAF) broke out of a bullish continuation cup with handle pattern a few weeks ago and appears poised for a further fourth quarter rally, albeit with some profit taking along the way.  Bullish continuation patterns require a prior uptrend and the DJUSAF certainly had that.  Check out the chart: Personally, I love to see the handle form back to the rising 20 period...  Read More