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Latest Posts

Around the World in 21 Ways

by Bruce Fraser

The EAFE Stock Market Index includes the large and mid-cap stocks of 21 developed countries throughout the world. The U.S. and Canada are excluded from this index. The stocks in the EAFE represent more than $1.9 trillion of market capitalization. Currently there is a worldwide movement toward nationalism. This could impact the flow of goods exported between countries. Many of the manufacturers  Read More

DecisionPoint Weekly/Monthly Wrap -- Seasonality Turning Bearish

by Carl Swenlin

Last week I wrote: "My posture is to look for an up move next week, and as last week, a daily PMO bottom will be the first, if not infallible, clue that the market is done correcting. If an upside breakout follows, I will believe it." As it turned out, we got the breakout and PMO (Price Momentum Oscillator) bottom on Monday. There was nice follow through on Tuesday, but overhead resistance  Read More

April Trend Check -- Sector Vectors -- Trend-Weighted Sector Portfolio -- SPX Cup Needs Handle

by Tushar Chande

Trend Checking The Market The major indexes all rallied sharply towards month end, and with that our trend-check carpet has turned  positive over the short term.  The short-term trend check carpet tells us that the broad market is now trending higher on the short term, in sync with the long-term, which increase the odds that the rally can continue. Chart 1: All of the...  Read More

No asset class in leading quadrant on RRG but SPY still strongest!

by Julius de Kempenaer

The Relative Rotation Graph for asset classes shows that not a single category is inside the leading quadrant at the moment and only one asset class, equities (SPY), is on the right-hand side of the plot. The quick take from this reading is that only SPY, asset class equities, is in a relative uptrend against VBINX but losing momentum, hence positioned inside the weakening quadrant. The good  Read More

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Video - Weekly Market Review & Outlook - Watching the Bond Market for Clues on Banks and the S&P 500

by Arthur Hill

-----   Video Link   -----   Art's Charts ChartList (updated 29-Apr)   -----      Stocks followed through this past week with further gains, but small-caps took a hit on Friday and underperformed for the...  Read More

Earnings Season Favors the Bulls

by John Hopkins

Recent headlines have focused on tax reform, health care reform, partisan bickering, the president's first 100 days. But in the background many companies have been coming up big when reporting earnings which is why the market has been so strong of late. While the bears have been hoping for a big pullback the bulls have gone about their business with the NASDAQ hitting an all time high while the...  Read More

Charts I'm Stalking: Action Practice #15

by Gatis Roze

When you revisit the Action Practice #14 blog, you'll recall that I presented four equities chosen from Investor Business Daily's 20 top-rated Big Cap stocks.  (April 5, 2017 edition.) I asked you to choose the best equity from the following four: Western Digital (WDC), KLA-Tencor (KLAC), Priceline (PCLN), and Facebook (FB).   I have my own money in Facebook. I'll step you precisely...  Read More

4/28 - Friday MarketWatchers LIVE Recap with Guest, Greg Schnell

by Erin Heim

  Welcome to the recap of Friday's MarketWatchers LIVE show. Listen and watch a show devoted to technical analysis of the stock market with live market updates and chart analysis. It's StockCharts.com's antidote for the CNBC/FBN lunchtime chatter. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the  Read More

Bank Of America (BAC) Is Technically Concerning

by Greg Schnell

The banks have been rocking as they have been surging since last summer. In the last few months they have paused their rally. Since they announced earnings, they have not really rallied. This week had a nice pop but the real question is can they continue? While history can be a potential guide, it is important to realize the perilous clues on the chart as they form. Whether...  Read More

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Weekly Market Review & Outlook - Indicators and Index ETFs Follow Through

by Arthur Hill

.... Weekly Market Review & Outlook .... High-Low Percent Follow Through .... MDY and SPY Follow Through .... Large Techs and Small Caps Lead  .... Sector Balance is Clearly Bullish .... Percent above 200-day EMA Reflects Broad Strength  .... XLK, XLY, XLI and XLB Lead with New Highs  .... Equal-weight and Small-cap Healthcare Lead .... Biotech ETFs End Corrections with...  Read More

Exact Sciences Corp Posts Solid Results, Completes Right Side Of Cup

by Tom Bowley

On Thursday morning, Exact Sciences Corp (EXAS) was the #1 percentage gainer on the NASDAQ, rising nearly 26%.  While that's a massive move by any measure, I doubt that the move higher in EXAS has ended.  If you look at a weekly chart, you'll see that yesterday's gain in EXAS actually completes (or nearly completes) the right side of a very bullish long-term cup with handle pattern...  Read More

Consumer Discretionary Reasserting Leadership Role, Market Mixed

by Tom Bowley

Market Recap for Thursday, April 27, 2017 Consumer discretionary (XLY, +0.53%) led the bifurcated action on Thursday as travel & tourism ($DJUSTT), gambling ($DJUSCA) and toys ($DJUSTY) all broke to fresh new highs helping to lead the sector higher.  The XLY has broken out and is leading once again on a relative basis vs. the benchmark S&P 500 so I'd consider  Read More

Dell Technologies (DVMT) Pushes Up Out Of Consolidation

by Greg Schnell

Dell Technologies (DVMT) was a recent IPO out of Dell and EMC. Here is the chart. With the technology stocks trading so well, this chart continues to climb. The volume is a little obscured by the 40 Million share candle. The average daily volume is a little clearer in the zoom box on the right, showing around 1.4 million shares. The momentum is starting to turn up again. ...  Read More

Commodities Countdown Video Recording 2017-04-27

by Greg Schnell

Here is this week's Commodities Countdown Video Recording 2017-04-27.   Commodities Countdown Video With Greg Schnell 2017-04-27 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.    Read More

DP Alert: Market Pausing - Calm Before the Storm?

by Erin Heim

The short term remains bullish in terms of the DecisionPoint Scoreboards. The long term also is showing all bullish BUY signals. Momentum looks to be a problem in the intermediate term. The SELL signals on all but the NDX come from the Price Momentum Oscillator (PMO) on the...  Read More

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Gold Faces A Critically Important Technical Test In The Weeks Ahead

by Martin Pring

Gold's long term trading range Watch those Gold shares for clues about Gold Hail Silver? Gold's long term trading range Gold is often regarded as a safe-haven investment, but is more normally held as a hedge against inflation. Chart 1 deflates the price by the CPI, so you can assess how it has performed in the last 50 years. Of course, it depends on where it is bought,  Read More

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Comparing Momentum ETFs to the Major Index ETFs - Revisiting the ChartCon Momentum-Rotation Strategy

by Arthur Hill

.... ChartCon Momentum-Rotation Update .... What can we learn from this?  .... Comparing with the Momentum-Driven ETFs .... Comparing Performance with PerfCharts .... Ranking Performance with the Summary View .... Measuring Relative Performance with RRGs .... Performance Since Bull Run Began .... Measuring Rolling Performance  .... Volatility Can Hurt Momentum ....  Today I  Read More

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HEALTHCARE IS QUIETLY MOVING HIGHER -- INDIVIDUAL LEADERS ARE EDWARDS LIFESCIENCES, VARIAN MEDICAL, AND ABBVIE

by John Murphy

HEALTH CARE SPDR NEARS RECORD HIGH... Although it hasn't received much attention lately, the healthcare sector is quietly moving higher. In fact, healthcare is the third strongest sector this year behind technology and consumer cyclicals. And its chart looks promising. Chart 1 shows the Health Care SPDR (XLV) rising back above its previous peaks formed in mid 2015 and  Read More

Medical Equipment Breaks Cup Resistance, Latest To Confirm Bullish Pattern

by Tom Bowley

Market Recap for April 26, 2017 A late day selloff on Wednesday left the small cap Russell 2000 as the only major index left standing with gains.  The Dow Jones penetrated 21000 for a second consecutive session after not doing so for nearly two months.  The S&P 500 (SPY is the ETF that tracks the S&P 500) completed the right side of its cup before failing to...  Read More

S&P 100 Joins the Gang with a New PMO BUY Signal

by Erin Heim

The DecisionPoint Scoreboards have been flipping out! I mean the signals are flipping quickly on all of the Boards! I wrote about the five signal changes we got yesterday in the DP Alert article here. The short term picture is very bullish with all four major indexes showing "green". The long-term picture is also very favorable. Momentum in the intermediate term is still declining (you can view...  Read More

4/26 MarketWatchers Show Recap

by Erin Heim

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC 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. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most  Read More

Vodafone and Cable Could be Bottoming

by Arthur Hill

Even though Vodafone remains in a long-term downtrend, the stock has been on my watch-list recently because it could be putting in bottom. Analysis of Vodafone and other ADRs is not straight-forward because there is a currency component. Usually, the movement of the stock is more than enough to compensate for any adverse currency movements, but the British Pound took a big hit in June and this...  Read More

Materials Break Out To Lead Another Market Surge

by Tom Bowley

Market Recap for Tuesday, April 25, 2017 U.S. indices closed significantly higher for a second consecutive session, this time with materials (XLB, +1.61%) leading eight of the nine sectors higher.  Only utilities (XLU, -0.13%) failed to gain on the session.  We are seeing breakouts one at a time across our major indices, sectors and industry groups.  Many of the...  Read More

Caterpillar (CAT) Breaks Out On Earnings

by Greg Schnell

Caterpillar (CAT) broke out on earnings today. Let's look at the chart. This chart absolutely launched above resistance. The SCTR soared to 93, the Relative Strength pushed to new 4-month highs.  This chart looks very strong. Finning (FTT.TO) is the world's largest Caterpillar dealers in the world. This chart has only pulled back from $27 to $23...  Read More

DP Alert: New Signals on DP Scoreboards - Market Follows-Through on Rally

by Erin Heim

We already saw some shake up on the DP Scoreboards on Friday with the new intermediate-term PMO SELL signals on all but the NDX. With the recent rally, we are now seeing the Scoreboards flip back to bullish in the short term. The S&P 100 is a hair away from producing its PMO BUY signal. I've included the charts below the Scoreboards. You'll note the breakouts on all of the charts. Price is...  Read More

Lumber Stocks Soar On Tariff Announcement

by Greg Schnell

WIth tariffs being applied today, I thought I would take a look at the forestry stocks. I think we'll all be surprised to see them soaring with $LUMBER limit down in the Futures market today. Note the $LUMBER price will be updated after the market close. This is yesterday's close for $LUMBER and real time for the stocks. Starting with the WOOD ETF, the chart is beautiful...  Read More

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NASDAQ HITS NEW RECORD WHILE DOW INDUSTRIALS AND S&P 500 TURN UP -- SMALL CAPS HIT NEW RECORD AND SHOW NEW LEADERSHIP

by John Murphy

MARKET INDEXES TURN HIGHER ... The stock market is continuing to benefit from the "risk on" rally that started yesterday after the weekend vote in France. And all signs are currently positive. Chart 1 shows the PowerShares QQQ hitting a new record for the second day in row. The Nasdaq 100 ETF is being powered by rising technology stocks which are the year's strongest...  Read More

S&P 500 Breaks Downtrend, Financials Surge

by Tom Bowley

Market Recap for Monday, April 24, 2017 Global markets rallied on the heels of French election results and U.S. markets were no exception.  We surged right out of the gate and didn't look back.  The NASDAQ flirted with the 6000 level before settling for an all-time high close of 5983.  The Russell 2000 nearly touched 1400 before it settled for a 1.31% gain, the...  Read More

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Major Index ETFs Finally Surge above Chandelier Exit - Chinese Stocks Remain Subdued

by Arthur Hill

.... Small-cap ETF Closes above Chandelier Exit .... New Highs Expand within Tech and Industrials  .... Tech Stocks and ETFs Dominate New High List .... Agribusiness ETF Gets a Wedge Breakout .... Chinese Stocks Remain Subdued .... Stocks to Watch: HBAN, JBHT, CA, PFPT, NKE, WBC ....  IJR Closes above Chandelier Exit With a big surge in the major index ETFs, it is time to re-visit the...  Read More

Market Pops, Vol Drops -Russell 2000 Outperforms -Financials Rally -9 Top Stocks In Dow 30 Industrials -12 Top Europe ETFs

by Tushar Chande

The market's rallied sharply on French election results, and confirmed the change in sentiment we had detected last Monday.  The Direxion Daily S&P 500 Bear (3x) ETF (SPXS), which reflects bearish bets on the market, crashed through the neckline of a head-and-shoulders formation we showed...  Read More

Three New IT PMO SELL Signals on DecisionPoint Scoreboards!

by Erin Heim

We had three new signal changes hit the DecisionPoint Scoreboards on Friday (4/21). When I reviewed the weekly charts on Friday, I noted that the Price Momentum Oscillators (PMOs) had finally crossed below their signal lines on all but the NDX (which retains its current BUY...  Read More

4/24 - Monday's Show Recap with Greg Schnell

by Erin Heim

  Welcome to the recap of Monday's MarketWatchers LIVE show, your antidote for CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most interesting during the show (or that we found most...  Read More

4/21 Friday MarketWatchers LIVE Show Recap

by Erin Heim

  Welcome to the recap of Friday's MarketWatchers LIVE show. Listen and watch a show devoted to technical analysis of the stock market with live market updates. It's StockCharts.com's antidote for the CNBC/FBN lunchtime chatter. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most interesting  Read More

Tensile Trading ChartPack Update (2017-Q1) Updated Charts and the Latest Fidelity Moves

by Gatis Roze

Anywhere you see excellence and mastery happening, you'll discover the same set of recurring universal truths.  Great athletes achieve excellence and make it look effortless. Great investors make market mastery seem natural and make profits look easy. I love the line "I worked all my life to become an overnight success."  For me, this embodies the foundation of excellence and the...  Read More

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FRENCH VOTE SENDS GLOBAL STOCKS HIGHER -- FRANCE LEADS EUROPEAN RALLY

by John Murphy

FRANCE LEADS EUROPE HIGHER... French stocks are leading big gains in eurozone stocks. A strong Euro is giving an even bigger boost to eurozone ETFs. Chart 1 shows MSCI France iShares (EWQ) surging more than 5% to the highest level in three years. That compares with a 4% gain in the French 40 CAC Index. The difference between the two is the 1.2% gain in...  Read More

NASDAQ Poised To Set All-Time High After French Election

by Tom Bowley

Market Recap for Friday, April 21, 2017 The S&P 500 trended lower from midday Thursday through Friday's close and that extended a much longer downtrend that began after the gap higher back on March 1st.  Futures are very bright green this morning, however, so we could finally see an end to the consolidation period that our major indices have been dealing with...  Read More

EuroTop 100 Hits New High, but Still Not Outperforming S&P 500

by Arthur Hill

The Eurotop 100 Index surged over 2% and hit a new high to affirm its current uptrend, which began with the breakout and golden cross in early December. The index established support around 2900 over the last two months and this is the first area to watch going forward. A break below this level would be negative and suggest that a correction is beginning. Even though the index is at a new high...  Read More

Filtering the Noise III

by Greg Morris

First of all, I must apologize for my lack of creativity for these article titles.  The previous two " Filtering the Noise" and " Filtering the Noise II" were about moving averages and suggesting a better way to  Read More

HON Climbs With An Earnings Pop On High Volume

by Greg Schnell

Honeywell (HON) had a nice earnings report that popped the stock after a shallow pullback.  This price move generated signals on various indicators. The SCTR surged above 75 and the Relative Strength surged to new 9 month highs. The price action made a new intraday high and broke out from a shallow downtrend. The volume climb was significant with 10 Million shares in 2 days. For...  Read More

DecisionPoint Weekly Wrap 4/21/2017 -- Correction Over?

by Carl Swenlin

Last week I wrote, "The first necessary signal that the correction is over would be for the daily PMO (Price Momentum Oscillator) to turn up."  That happened on Thursday, but there was no follow through on Friday due to, I believe, it being options expiration day, which tends to dampen volatility and keep prices steady. The slight decline caused the PMO to turn down again, but the  Read More