Don't Ignore This Chart

StockCharts.com Icon
About this blog: The blog contains daily articles with intriguing or unusual charts selected by one of our Senior Technical Analysts, along with a short explanation of what exactly caught their attention and why they believe the chart is worth noting.

Latest Posts

Don't Ignore This Chart

Oil Hits The Big Number

by Greg Schnell

Oil has fallen the last few days and really taken a significant move lower. After at least two weeks of falling, oil was down 6.3% at the close today. After topping October 3rd intraday, and falling for more than a month in almost a straight cascade, today saw massive volume to punctuate a bad day. It seems very hard to bet against the huge down pressure, but this might be the time to start adding names to consider on the long side with setups building over the next month. Today marked the potential for a significant low in many respects. On the USO chart Read More 

Don't Ignore This Chart

Goldman Continues to Struggle

by Arthur Hill

Goldman Sachs is the premier investment bank and a key component of the Financials SPDR (XLF), as well as the Broker-Dealer iShares (IAI). The stock has struggled since March and lagged the market for over six months now. While the S&P 500 moved to a new high in September, Goldman remained below its 40-week moving average and did not come close to its March high. As with this image of their building in New Jersey, something is amiss on this chart. The chart below shows Goldman moving sharply higher in the third quarter of 2016 and advancing in the third quarter of Read More 

Don't Ignore This Chart

Why The Disney (DIS) Ride Might Be Just Getting Started

by Greg Schnell

It is always hard to bet against the mouse house. The world enjoys the magic of Disney everywhere. With the plan for Disney to deliver its own over the top service, all eyes are on Disney to see if that can work. If any one company has the content to do it, it is probably Disney. Let's look at the chart, because Disney made fresh new all time highs when dividends are included on Friday. so This chart has multiple things that make it bullish. The stock has been outperforming since early October. While the rest of the market pulled back, Disney held up very well. That is really bullish. We Read More 

Don't Ignore This Chart

It takes two to tango for TTWO

by Julius de Kempenaer

While browsing through some Relative Rotation Graphs, looking for DITC candidates, my eye fell on TTWO inside the Communications Services sector. XLC itself is inside the weakening quadrant vs SPY but very close to the benchmark, meaning that the performance of the sector is very close to that of SPY. TTWO against XLC, on the other hand, is showing a nice rotation (on the daily RRG) over the last two weeks, from lagging through improving and now entering leading at a steep RRG-Heading and increasing tail length. This signals power behind the rotation. Read More 

Don't Ignore This Chart

This Big Pharma Stock is Closing in on a New High

by Arthur Hill

Johnson & Johnson (JNJ) started the year on the wrong foot with a double digit decline the first six months. After hitting a 52-week low in late May, the stock turned around and advanced some 20% the next four months. Even though the stock remains below the January high, the big trend is up and this is the path of least resistance. The chart below shows JNJ above the rising 50-day EMA and rising 200-day EMA. In addition, the 50-day EMA is well above the 200-day EMA and the stock is less than 2% from a 52-week high. JNJ caught my eye because Read More 

Don't Ignore This Chart

Mosaic $MOS Is Pushing More Outperformance

by Greg Schnell

Mosaic shot to a fresh new high today, continuing the uptrend. While the broader market has been trying to bounce, we can see this stock has been on the move for a while. This beautiful uptrend was hardly interrupted by the recent broad market slide. Today the stock rocketed 10% to resume the push to new highs.  The SCTR has been trending higher over the last year. While the stock was rising, the SCTR was just middle of the pack, but over the last few months the stock has really started to be a top performer by being pinned near the top. The relative strength has been climbing. This Read More 

Don't Ignore This Chart

How to (not) Trade the Elections

by Arthur Hill

The US elections are on Tuesday and the financial press is full of tips based on possible outcomes. Basing a financial decision on a news event means we must get two things right. First, we must successfully predict the news (election results). Second, we must then successfully predict the market's reaction to the news. Double parlays are hard to hit. More often than not, the market reacts and the press then picks the news twist that best fits the reaction. Bonds plunged on Friday and weakness was attributed to better-than-expected growth in non-farm payrolls, never mind the long-term Read More 

Don't Ignore This Chart

Airline Stocks May Rise On Crude Weakness

by Greg Schnell

The airline stocks have been mudding around. They have stayed in a giant trading range. I noted on my chart last year Warren Buffet had been buying airline stocks. Well, its been a zero gain trade. The airlines bounced last week at support and are bouncing up. One consideration is the $15 drop in Crude could help the airline margins for the fourth quarter. One of the better airline charts is United Airlines (UAL). The chart has had a strong SCTR recently. It broke above horizontal support at $77.50 in mid October and has now bounced up to retest the highs. The improvement in relative Read More 

Don't Ignore This Chart

Campbell Soup is Looking Rather Bland

by Arthur Hill

Soup season is upon us, but Campbell Soup ($CPB) is having none of it as the stock trends lower and lags its sector, the Consumer Staples SPDR (XLP). First and foremost, the long-term trend is down with a 52-week low in June, the 50-day below the 200-day and the 200-day EMA falling. The stock bounced back to the 200-day in August, but turned back down the last few months. CPB gapped up in June and held this gap for over a month, but selling pressure picked up again in August and the stock broke support levels. Note the lower lows in late August and September. The stock is currently Read More 

Don't Ignore This Chart

Tiffany's Lines Up Support $TIF

by Greg Schnell

Tiffany's stock has pulled back 25% since July. While that is not good, it is very similar to a significant number of consumer discretionary stocks. There are lots of nice setups on retail stocks currently. Tiffany's lines up support at $100. The $SPX made it's low so far this week, but Tiffany's is building on a bounce off the $100 level last week.  A few of the indicators look ready to turn but the PPO only appears to be heading lower. If the histogram can start to improve here, that would be a start. The full stochastic below 20% looks like a nice place to find a reversal Read More 

Don't Ignore This Chart

Comparing the Current Month with the Last 20 Years

by Arthur Hill

The S&P 500 is down around 7.5% so far this month and this is shaping up to be the worst monthly decline in over five years. Keep in mind that there are still a few days left in October and the last monthly bar will not complete until the close on Wednesday. The seven blue lines and one red line show eight monthly declines that exceeded 8%. The first four occurred during the bear market in 2001-2002, the next three in the bear market in 2008-2009 and the last in early May 2010 (flash crash). The biggest monthly decline in the last 20 years occurred in October 2008, which was smack dab Read More 

Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!