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Weekly MACD Turns Negative for Copper

by Arthur Hill

It has been a bearish year for Spot Copper ($COPPER) and the recent breakdown points to even lower prices ahead. In addition to MACD turning negative, copper broke triangle support to signal a continuation of the prior decline (2011). The next support zone resides in the 2.80 area. Read More 

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Sprint, Gamestop and MetroPCS Show Technical Strength

by Arthur Hill

Sprint (S), Gamestop (GMS) and MetroPCS (PCS) are the big technical movers with double digit gains in the StockCharts Technical Rank (SCTR). All three recently broke above resistance on the price charts as well. You can find these top ten lists in the bottom half of our home page. Click this image for a live version Read More 

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Nasdaq Most Actives Show more Strength than NYSE Most Actives

by Arthur Hill

It was a rough day for the most active NYSE stocks as eight of ten moved lower. The opposite was true for the Nasdaq as eight moved higher. Old school titans Microsoft (MSFT) and Intel (INTC) joined newbies Facebook (FB) and Groupon (GRPN). You can see this list on our FreeCharts page.   *LINEBR** Read More 

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Oil Complex Leads Commodity ETFs Higher

by Arthur Hill

Oil was strong on Tuesday with the US Oil Fund (USO) gaining over 1.5%. Combined with gains in the US Natural Gas Fund (UNG), tbe US Gasoline Fund (UGA) and Heating Oil (UHN), the energy complex is showing strength across the board. The image below comes from the Market Summary page, which is updated throughout the trading day.     Click here for a live chart.  Read More 

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Bollinger Band Width Hits 12 month Low for Netflix

by Arthur Hill

The noose is tightening as indecision reigns supreme for Netflix. After more than doubling, the stock moved into a tight range the last two months. Notice that BandWidth is below 7% as the Bollinger Bands narrow. The range break will deliver the next signal. An upside breakout at 195 would be bullish, while a downside break at 175 bearish. *LINEBR** Read More 

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Quest Diagnostics Consolidates on Intraday P&F Chart

by Arthur Hill

DGX moved sharply lower in January and February, but found support in late February and started a consolidation. The resolution of this consolidation will provide the next directional blue. A upside breakout would be bullish, while a downside break bearish.   Read More 

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Sector Carpet Shows 7 of the 10 Biggest Movers Coming from Tech

by Arthur Hill

Stocks are under pressure on Thursday and the tech sector is also feeling the heat. Even so, three of the five biggest gainers in the S&P 500 come from technology. Electronic Arts, Yahoo and BMC Software are all trading higher.   Read More 

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Commodity Index Fund Hits Resistance At Support Break

by Arthur Hill

The Commodity Index Fund (DBC) broke down with a sharp decline in February and then rebounded in March. This rebound was cut short when the ETF hit broken resistance and turned down on Monday-Tuesday. Last week’s highs now mark the first resistance level to watch. *LINEBR** Read More 

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Healthcare Sector Leads Year-to-date PerfChart

by Arthur Hill

The Healthcare SPDR (XLV) is the top performing sector in 2013. Yes, XLV is even outperforming the Finance SPDR (XLF). Note that the PerfChart below shows relative performance. Sectors with positive relative performance are up more than the S&P 500. Sectors with negative relative performance are up less than the index. Read More 

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Microsoft Turns Positive and Shows Leadership

by Arthur Hill

Stocks opened weak, but quickly recovered with techs leading the way. Microsoft (MSFT) opened at 27.81, firmed and then surged with a move above 28.2 by midday. This keeps the rising channel alive. Last week’s low marks support on the price chart. The February lows mark momentum support for CCI. *LINEBR** Read More 

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Gold Sports a Small Breakout on the P&F Chart

by Arthur Hill

Spot Gold ($GOLD) forged a Double Top Breakout with a surge this month, but remains well short of a bigger breakout that could have medium-term consequences. Notice that February X-Columns marking resistance at 1615. A break above these would forge a Triple Top Breakout and be medium-term bullish for bullion. Read More 

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The StockCharts Technical Rank (SCTR) Surges for Fossil and Ebay

by Arthur Hill

SCTR scores provides a technical ranking for all 500 stocks in the S&P 500. Chartists can view the complete ranking in table format and sort by change to find the biggest movers. Fossil and Ebay are showing big moves today, which means their price charts could warrant a closer look. *LINEBR** Read More 

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Brent Crude ETF Confirms Bearish Continuation Pattern

by Arthur Hill

The Brent Crude ETF (BNO) plunged in February and then consolidated with a pennant in early March. This consolidation affirmed support near the trend line extending up from the early November low. With a sharp decline the last two days, BNO broke support to signal a continuation lower. Also notice that the BNO:USO ratio broke support to signal that Brent is starting to underperform West Texas Intermediate.  *LINEBR** Read More 

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Nasdaq 100 Sets Support with Four Bounces on P&F Chart

by Arthur Hill

Point & Figure charts are great for identifying support and resistance levels. The chart below shows the Nasdaq 100 ($NDX) bouncing off the 2790 level four times in the past week as a consolidation takes shape. The bulls have a clear edge as long as this level holds. Note that this P&F chart is based on 15 minute prices. *LINEBR** Read More 

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Silver Trust Consolidates at Channel Trend Line

by Arthur Hill

The Silver Trust (SLV) has been working its way lower since early October with a falling channel taking shape. After plunging in February, the ETF firmed near the lower trend line with a pennant. A break below 27.50 would signal a continuation lower, while a break above 28.50 would argue for a bounce within the bigger downtrend. Read More 

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Bank of America Forms Bearish Candlestick Pattern at Interesting Level

by Arthur Hill

With a strong open and sharp move lower, Bank of America (BAC) is gracing the intraday candlestick scan with a dark cloud as we head into the close on Friday. Note that this bearish reversal pattern is taking shape near resistance from the prior highs. Also notice that a broadening pattern could be taking shape. The indicator window shows the Accumulation Distribution Line failing to make it back to the mid February high. *LINEBR** Read More 

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March Madness Comes Early as the S&P 500 Breaks Out on P&F Chart

by Arthur Hill

60-minute P&F charts provide a nice medium-term perspective on broad market movements. This S&P 500 chart is based on 5-points per box and a 3-box reversal. Notice that it extends back to June and shows three big price swings. After the January surge, $SPX consolidated in February and broke out in March. The light blue line is the short-term bullish support line marking support around 1500. *LINEBR** Read More 

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Russell 2000 ETF Turns Indecisive At February High

by Arthur Hill

The Russell 2000 ETF (IWM) is up seven days straight and is now trading near potential resistance from the February high. Notice that an indecisive doji formed on Wednesday. A doji and surge above 90 started this seven day rally. A doji and move below 90 would reverse this seven day upswing. Read More 

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Genworth and Apollo Lead on the Sector Market Carpet

by Arthur Hill

The Sector Market Carpet is showing lots of green as stocks surge with a broad-based rally. All sectors are up with industrials, finance and technology leading the way. Genworth (GNW) is the biggest gainer in the S&P 500, and Apollo (APOL) sports the second largest gain.   Read More 

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Delta and UAL Lead Airline ETF to another Breakout

by Arthur Hill

The Guggenheim Airline ETF (FAA) continues to lead the transports with another big move. Note that Delta (DAL) and United Continental Broke consolidations today. AMR has a falling wedge working and could be next. *LINEBR** Read More 

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Market Vectors Semiconductor ETF Forms Small Rising Wedge

by Arthur Hill

After a sharp decline last week, the Market Vectors Semiconductor ETF (SMH) formed with a small rising wedge the last six days. These are typically bearish continuation pataterns and a break below 34.5 would signal a continuation lower. The indicator window shows the KST momentum oscillator moving below its signal line last week. *LINEBR** Read More