Don't Ignore This Chart

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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.

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Don't Ignore This Chart

Semiconductors Surge On Huge Down Day

by Greg Schnell

The Semiconductor stocks were trying to lead to the upside in Tuesday's big down day. That's a short term bullish sign. Six semi stocks were in the top 22 from the S&P 500.  Considering how low in the hole they were to start the day, that is a big improvement.  Looking at NVDA, it was down 55% off the highs, but came back and at the time of publishing was above yesterdays close. That's a pretty big rebound. These big name stocks are trying to bottom. Facebook and Amazon both got back into positive territory after steep drops on the open. So this wild environment shows some Read More 

Don't Ignore This Chart

Viacom Makes a Move with Big Volume

by Arthur Hill

Viacom (VIAB) is part of the broadcasting-entertainment industry group, which is part of the Communication Services SPDR (XLC). The stock acted more like a defensive share in the first half of the year by underperforming from January to May. VIAB bottomed in June and outperformed the broader market over the last five months. On the price chart below, we can see VIA correcting after a big surge from November to January. The correction formed a falling channel/wedge as the stock retraced 61.8% of the prior gain. A 1/2 to 2/3 retracement is fairly normal for a correction within a bigger Read More 

Don't Ignore This Chart

This Is Not Just Icing On The Cake

by Greg Schnell

Through this wide ranging volatile period, it has been harder to find great trades. When the market pulls back, the skittishness of the investing community soars. I have had two different stocks in nice set ups plunge with 20% drops in a day. The earnings reports are literally implosion documents if they miss the consensus view. Apple is a case in point. Small position size helps. At the same time some stocks have been smooth and steady. I like the look of CME, but today I want to highlight ICE as it is just starting to break out. Starting at the top, the SCTR has surged to new 52 Read More 

Don't Ignore This Chart

Small cap stocks are leading the market lower.

by Julius de Kempenaer

There are many indexes available to monitor and analyze the stock market. The S&P500, together with Daddy "Dow" being among the more popular ones. But the S&P 500, although covering 500 stocks, is only looking at one segment of the total market. Only large-cap stocks. A broader perspective can be gained from looking at the S&P 1500 composite index for example. Still not covering the entire US stock market, which nowadays counts around 4000, more or less actively traded, listed companies, but a pretty good gauge. Very often we break Read More 

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The First Death Crosses Appear

by Arthur Hill

A classic death cross occurs when the 50-day moving average moves below the 200-day moving average. On the flip side, a golden cross occurs when the 50-day SMA moves above the 200-day SMA. The 50-day SMAs have been above the 200-day SMAs for all major stock indexes this entire year - until this week. These indexes include the S&P 500, Dow Industrials, S&P Small-Cap 600, S&P Mid-Cap 400, Russell 2000, Nasdaq, Nasdaq 100 and NY Compsite.   The chart below highlights four indexes and two experienced death crosses this week. The 50-day SMA is green, the Read More 

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 

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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 

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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 

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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 

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