Don't Ignore This Chart

Juniper slows to a crawl

by Arthur Hill

After surging above 30 in early March, Juniper slowed to a crawl the last six days. Notice that Bollinger Bands (10,2) are contracting and the Standard Deviation is at its lowest point since early February, which is when the surge started. Click this image for details Read More 

Don't Ignore This Chart

New highs still outpacing new lows $BA

by Arthur Hill

A look at the predefined scans page shows new 52-week highs outpacing new 52-week lows by a wide margin. In fact, new lows are quite minimal, which is hardly surprising considering the current rally is some 55 weeks old. The Aerospace group is well represented with Boeing (BA), General Dynamics (GD), Northrop Grumman (NOC) and Rockwell Collins (COL) all hitting new 52-week highs. Click this image for details Read More 

Don't Ignore This Chart

Shanghai Composite breaks resistance

by Arthur Hill

It’s been a long time coming, but the Shanghai Composite ($SSEC) finally broke above 3100 resistance. The index has been lagging the S&P 500 the last six weeks as it traded flat. Today’s break above 3100 takes the index to its highest level since January. Click this image for details Read More 

Don't Ignore This Chart

Shooting stars popping up

by Arthur Hill

Shooting star candlesticks are popping up after a couple of volatile days. A CandleGlance view of Thursday’s most active list shows shooting stars in the four most active stocks. GE and S formed shooting stars on Wednesday. C and BAC formed shooting stars on Thursday. Click here for our chart school article or click here for scan results. Click this image for details Read More 

Don't Ignore This Chart

Techs, healthcare and utilities lead lower

by Arthur Hill

The Market Carpet shows the technology, healthcare and utilities sectors leading the market lower on Wednesday. The average decline for stocks in these sectors was 1.13%, 1.01% and .96%, respectively. Only financials were up with the average advance per stock running .13%. Click this image for details Read More 

Don't Ignore This Chart

Industry leaders since early February

by Arthur Hill

The John Murphy industry group PerfChart shows banks, biotechs, retail and semis leading the market higher since early February. Oil services and pharmaceuticals are lagging the S&P 500. Click this image for details Read More 

Don't Ignore This Chart

Banks and Semis Shine

by Arthur Hill

From the Free Charts page, the most active list for the NYSE shows strength in three banks (C, BAC, WFC). The most active Nasdaq list shows strength in two semis (INTC, AMAT). The CandleGlance link at the bottom of these tables shows all 10 with small candlestick charts. Click this image for details Read More 

Don't Ignore This Chart

A rough week for energy

by Arthur Hill

The Sector Market Carpet shows gains across eight of the nine sectors over the last four days. The energy sector is the only one not sporting a gain this week. Notice that the “bottom 5” performing stocks come from this sector as well. The finance is the strong with 3 of the “top 5” performing stocks coming from this sector. Click this image for details Read More 

Don't Ignore This Chart

IBM forms second bearish engulfing

by Arthur Hill

For the second time in three weeks, IBM made the bearish engulfing scan and confirmed resistance at 129. The stock first hit resistance here in early March. The bearish engulfing has yet to be confirmed as the stock stays range bound the last five days. Watch 127 down and 129 up.  Click this image for details Read More 

Don't Ignore This Chart

$XME nears January high

by Arthur Hill

Materials and Energy related ETFs have been lagging the broader market because many remain below their January highs. That may be changing. The chart below shows the Metals & Mining SPDR (XME) surging towards its January high with a move over the last two days. Click this image for details Read More 

Don't Ignore This Chart

Short-Term rates rising ahead of Fed

by Arthur Hill

Even though the Fed is unlikely to raise rates today, the bond market is already doing some of the Fed’s work. The 3-month T-Bill Rate ($IRX) bottomed at the end of November and surged over the last two months. Despite this big move, $IRX is still low by historical standards. Click this image for details Read More 

Don't Ignore This Chart

Pulte hits retracement resistance

by Arthur Hill

Pulte Homes (PHM) is hitting resistance from broken support and the 62% retracement around 11.8. The stock hit this resistance zone twice in February and formed a lower high in March. Also notice that PHM is underperforming the S&P 500 over the last few weeks. Click this image for details Read More 

Don't Ignore This Chart

Breadth continues to expand

by Arthur Hill

NYSE and Nasdaq breadth continues to expand and back up the current rally. From the breadth charts page at Stockcharts.com, we can see the NYSE AD Line ($NYAD) and Nasdaq AD Line ($NAAD) moving sharply higher the last five weeks. Also notice that the cumulative Net New Highs lines are also moving higher. Read More 

Don't Ignore This Chart

SPY goes for 10 of 10

by Arthur Hill

With a move into positive territory today, the S&P 500 ETF (SPY) is trying to make it 10 up days in a row. The ETF is also trying to make it 19 up days out of the last 24 days. Truly a remarkable run. Resistance from the January high is nigh. Click this image for details Read More 

Don't Ignore This Chart

Profunds Sector Carpet

by Arthur Hill

Even if you do not trade or invest with Profunds, the Profunds market carpet provides an excellent means to track sector/industry action. The Profunds Mutual Funds sector carpet shows 19 funds with the top/bottom five listed on the right. Over the last five days, only the Precious Metals fund is down. The Mobile Telecom fund is the top performer. (click the “Sector” heading to focus on that section of the carpet). Click this image for details Read More 

Don't Ignore This Chart

Cisco surges ahead of announcement

by Arthur Hill

Cisco (CSCO) surged above resistance and recorded a new 52-week high ahead of Tuesday’s big announcement. Notice how CSCO started its move with a volume surge in early February. While the new 52-week high is bullish, the stock is getting a bit frothy and the news is now out. Broken resistance turns into the first support zone to watch. Click this image for details Read More 

Don't Ignore This Chart

RIMM goes for a breakout

by Arthur Hill

Research in Motion (RIMM) broke above resistance with a sharp advance in early trading on Monday. The chart shows resistance around 72 from the December-February highs. In addition, a small inverse head-and-shoulders formed over the last three weeks and RSI held momentum support at 50. Click this image for details Read More 

Don't Ignore This Chart

Oracle stalls after surge

by Arthur Hill

Oracle (ORCL) surged in mid February and then stalled over the last two weeks. The resolution of this consolidation will signal the next directional move. A break above resistance would be short-term bullish, while break below support would be bearish. Click this image for details Read More 

Don't Ignore This Chart

AA and AXP lagging within the Dow

by Arthur Hill

A look at the CandleGlance page for the Dow stocks shows Alcoa (AA) and American Express (AXP) lagging in February. The Dow and S&P 500 were up sharply in February, but these two stocks simply consolidated and shows relative weakness. Click this image to see all Dow stocks. Read More 

Don't Ignore This Chart

Dow tries to go positive for 2010

by Arthur Hill

The Dow Industrials is attempting to turn positive for 2010. The senior Average closed at 10,428 on December 31st and flirted with the 10428 area 7-8 days ago. After falling back below 10300 last week, the Dow is making another go at positive ground. Click this image for details Read More 

Don't Ignore This Chart

Retail leads Rydex Funds

by Arthur Hill

The Market Carpet for the Rydex Sector Funds shows the Rydex Retailing Fund (RYRIX) leading the way higher last week. Notice that the slider at the bottom is set at 5 days to show last week’s results. The Rydex Transportation Fund (RYPIX) came in second with a 1.01% gain. It is interesting to see two cyclical groups leading the way higher. click this image for details Read More