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Latest Posts

DP Alert: Short-Term Head & Shoulders Still Viable on Dollar (UUP)

by Erin Heim

No new changes to the DecisionPoint Scoreboards. The NDX is holding onto its PMO SELL signal and it still has some margin to cover before the new PMO BUY signal can generate. Of particular interest today, and of course coming on the heels of a very bullish blog on the Dollar, today's drop could be starting the beginning of a right shoulder. The purpose of the DecisionPoint Alert  Read More

12/13 MarketWatchers LIVE Recap - Guest Arthur Hill - "What Would You Do?"

by Erin Heim

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN 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. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

Consumer Stocks Look To Lead The Bull Market Into 2018

by Tom Bowley

Market Recap for Tuesday, December 12, 2017 It was mixed and bifurcated action on Tuesday.  The Dow Jones and S&P 500 continued their assault on the record books, but the NASDAQ and Russell 2000 both paused and pulled back.  With the 10 year treasury yield ($TNX) moving back above 2.40% ahead of today's FOMC announcement, financials (XLF, +1.00%) enjoyed a  Read More

What a Difference a Month Makes for Sector Performance

by Arthur Hill

The two sector Performance charts below show a rather dramatic shift in market leadership over the last two months. First, note that these PerfCharts are using the nine equal-weight sector ETFs. In contrast to the cap-weighted sector SPDRs, these equal-weight ETFs provide us with a performance picture for the "average" stock in the sector. The top PerfChart shows performance from October 12th  Read More

Utilities Sector Dimming - UUP Garners a New IT Trend Model BUY

by Erin Heim

We've seen some very interesting sector rotation this past year as the market continues to climb higher. Money doesn't seem to really be leaving the market, just rotating from one sector to the next. The Utilities sector was a good run through October and into November. However, it appears money has been rotating out (along with the technology sector which has been lagging) and moving toward...  Read More

Freeport McMoRan (FCX) Solders A New 9-Month High

by Greg Schnell

Freeport McMoRan (FCX) hit new 9-month closing highs today. As a miner of Copper and Gold, the strong price action in the face of weakness in the underlying metals is a very bullish trait. When the stock is outperforming the base metal, that can be a very good signal. The last panel shows a breakout on FCX compared to Copper. The second last panel shows FCX compared to Gold. The last two big...  Read More

12/12 MarketWatchers LIVE Recap - Greg Schnell Co-Hosts - Everything StockCharts

by Erin Heim

  Welcome to the recap of Tuesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN 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. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

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RISING BOND YIELDS BOOSTS FINANCIAL STOCKS -- FINANCIAL SPDR LEADS MARKET HIGHER

by John Murphy

BOND YIELD IS CLIMBING... The daily bars in Chart 1 show the 10-Year Treasury Yield climbing 2 basis points to 2.40%. The 5-year Treasury Yield (not shown) has climbed to the highest level in six years. Today's strong PPI report may have something to do with that. November's Producer Price Index showed an annual inflation rate of 3.1% which is the highest number in five...  Read More

What Causes a MACD Divergence? (With Scan Code to Detect MACD Divergences)

by Tushar Chande

This blog post is for short-term players looking for counter-trend opportunities. This blog post explains why we observe divergences between the MACD indicator and stock prices.  I also describe the scan code for automatically detecting divergences using the StockCharts scan engine on daily and weekly data.  Short-term and swing traders can now automate the search for MACD divergences...  Read More

Historically Low VIX Is Very Bullish For Equities; Check Out These Numbers

by Tom Bowley

Market Recap for Monday, December 11, 2017 The Russell 2000 remained in true December form as it continues to struggle during the first half of the month, despite records being set on both the Dow Jones and S&P 500 on a daily basis.  It truly is an anomaly.  Since 1987, the Russell 2000 has moved higher 170 times during the first half of December, while losing...  Read More

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Healthcare Springs to Life - Five Healthcare Stocks - Two New Tech ETF Leaders - Telsa Bounces off Support

by Arthur Hill

.... Health Care SPDR Renews its Breakout .... Pfizer and Bristol-Meyers Bounce off Support .... HACK and IGN Confirm Big Continuation Patterns .... Cisco and Fortinet Lead their Groups .... Copper Gets Oversold Bounce (plus COPX) .... Tesla Surges off Support Zone .... Short-term Ugliness with Long-term Bullishness  ....  Health Care SPDR Renews its Breakout The Health Care SPDR  Read More

DP Alert: Short-Term and Intermediate-Term Indicators Bullish - NDX STTM BUY Signal

by Erin Heim

On Friday, the NDX logged a new ST Trend Model BUY signal. Currently DP indicators are looking bullish and seeing improvement in the technology sector is encouraging for the market in general. I did point out on today's MarketWatchers LIVE show that one could make a case for a head and shoulders formation developing. A few problems with this conclusion..NDX is still in a strong bull market so  Read More

12/11 MarketWatchers LIVE Recap - Monday Set-Ups - DecisionPoint Report

by Erin Heim

  Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN 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. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

Ingersoll-Rand Surges off Support

by Arthur Hill

Ingersoll-Rand (IR) is showing renewed signs of life with a surge off support and two mini breakouts. Note that IR is part of the industrials sector and this sector is showing upside leadership with a 52-week high recently. First and foremost, Ingersoll-Rand is in a long-term uptrend with a 52-week high in October and a positive PPO(50,200,0). Note that the PPO(50,200,0) is positive when the...  Read More

9 Trade Setups To Consider After Recent Selling

by Tom Bowley

Market Recap for Friday, December 8, 2017 While we didn't set intraday all-time highs, we did manage to close at record levels on both the Dow Jones and S&P 500, which rose 0.49% and 0.55%, respectively, on Friday.  The NASDAQ tacked on 0.40% as it closes in on a record high close of its own (about 1% away from an all-time high record close).  Meanwhile, the  Read More

Intel Testing Key Short-Term Support

by Tom Bowley

On October 26th, Intel (INTC) posted quarterly earnings results and beat both revenue and EPS estimates.  It resulted in a very strong gap higher the next morning and then INTC continued rising, tacking on another 10% within a week.  But INTC became very overbought with an RSI above 90 and needed a pullback.  Since topping in early November, INTC has lost close to 10% and is now...  Read More

Dow Jones Industrials PnF Dilemma

by Bruce Fraser

Horizontal Point and Figure (PnF) analysis offers a method for estimating the potential extent of a move. The dilemma is what to do when the price objective has been met. Should there be an automatic response of reducing position size in the price objective zone? Are there more dynamic strategies to consider? With the Wyckoff Method, we combine 'tape reading' skills of the vertical charts with...  Read More

Gold Miners Make 52 Week Lows - Bearish?

by Greg Schnell

The gold mining area is pretty interesting this week. While gold gets sold off every morning just before the stock markets open, it feels bad. Gold was down $34 on the week. Ouch, that's bearish! Still a pullback in the uptrend on a weekly chart, but it did make 4-month lows. Copper also had a lousy week. The current conduit dropped 3.69%. This is similar chart formation to the Shanghai...  Read More

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INDUSTRIAL SECTOR CONTINUES TO SHOW NEW LEADERSHIP -- DOW JONES HEAVY CONSTRUCTION INDEX MAY BE NEARING UPSIDE BREAKOUT

by John Murphy

INDUSTRIAL SECTOR CONTINUES NEW LEADERSHIP ROLE... Industrial stocks assumed a new market leadership role during November and remained in that role again this week. Chart 1 shows the Industrial Sector SPDR (XLI) gaining 1.4% during the week which made it second only to the financial sector's gain of 1.5%. Both did better than the S&P 500 which rose 0.35% during the...  Read More

The View Gets Clearer for Valeant (VRX)

by Greg Schnell

The view for Valeant (VRX) improved substantially this week as the stock broke out of a well-defined base. From a  technical analysis perspective, this is a text book breakout. The stock has based by building a one year range. The new 52-week high broke out of the base this week. The view is a little clearer now for the owner of Bausch and Lomb eye care products.  The SCTR has surged...  Read More

12/8 MarketWatchers LIVE Recap - DP Trend Models Workshop - How to Find Show Recordings

by Erin Heim

  Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN 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. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

DP Weekly Wrap: BitBubble

by Carl Swenlin

In the DP Weekly Wrap I normally lead with a chart of the market, but this week Bitcoin was so prominent in the news, I thought a chart of the Bitcoin Index would be more appropriate. What we have here is a classic parabolic advance (the red arc), with price moving from about $400 in 2016 to almost $16,000 yesterday. Also impressive is the recent advance of +154% in just under four weeks, but  Read More

U.S. Equities Post Strongest Day In December

by Tom Bowley

Market Recap for Thursday, December 7, 2017 December began with a huge intraday selloff and recovery and since then, it's been mostly down action.  Yesterday was the first day this month that the bulls could celebrate and feel good.  Eight of nine sectors advanced with many of the aggressive sectors leading the charge.  So while the S&P 500's modest gain of...  Read More

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Weekly Market Review & Outlook - Breadth Confirms Price (with Video)

by Arthur Hill

.... Breadth Indicators Confirm Chart Strength .... SPY Stalls as QQQ Edges Lower .... Watch TLT for Clues on IJR .... Three New Highs and One Stall .... XLE Stalls, but Holds its Breakout .... Getting Perspective on XME .... Steel ETF Forms Big Continuation Pattern .... IEF and TLT Remain Divergent  .... Gold Breaks as Dollar Turns Up .... US-German Spread Lifts Dollar .... Oil Corrects...  Read More

Responding to comments and answering questions from MWL last week

by Julius de Kempenaer

  Last week Wednesday (29 November) I was the guest of Tom and Erin in the Market Watchers Live show. During the show, we talked a lot about RRG, Relative Rotation Graphs, covering some basics and some new(er) techniques and interpretations that I have been working on. If you missed the show you can watch the recording on the MWL youtube channel here.  Read More

Commodities Countdown With Greg Schnell 2017-12-07

by Greg Schnell

This weeks edition of Commodities Countdown has a lot of the commodities breaking down through the 40 week moving average. The majority of the energy sector is still above the 40-week moving average, with the exception of $NATGAS. Gold broke an uptrend this week and dropped to four month lows. The recording contains lots of discussions looking for reversals and a complete segment on...  Read More

S&P 500 Pauses to Refresh

by Tushar Chande

Topics: Market consolidates under all time high; guessing support for $SPX; gold breaks down; semiconductors find support; dollar forms higher low, looks stronger technically.  A big thank you to Tom and Erin for inviting me to their Market Watchers Live show (on 12/06/17) and to all their listeners who tuned in and responded with questions and comments.  There are some references for...  Read More

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Guess What? Short Term Indicators Are Saying That Bitcoin Is Getting A Bit Frothy!

by Martin Pring

18-month ROC is literally off the charts Bitcoin and short- term momentum Comparing Bitcoin to the Bitcoin Trust Conclusion Links to videos on Bitcoin 18-month ROC is literally off the charts There are two Bitcoin directly related vehicles that are available on the StockCharts platform. These are the NYSE Bitcoin Index ($NYXBT), which represents the daily US...  Read More

Here's A Pharma Printing A Hammer After Filling Gap

by Tom Bowley

I'm constantly looking for short-term trading opportunities and Perrigo (PRGO) fits the bill.  After reporting better-than-expected results in its latest quarter, PRGO gapped up strongly and today filled its gap before finishing on a solid note to print a hammer (blue circle below) - many times a signal of a bottom after a downtrend.  Reported revenues of $1.23 billion...  Read More

Recent Selling In Technology Improving Trading Opportunities

by Tom Bowley

Market Recap for Wednesday, December 6, 2017 It was a bifurcated day on Wall Street with the NASDAQ being lifted by an improving technology sector (XLK, +0.64), while a very weak energy group (XLE, -1.30%) put the brakes on both the Dow Jones and S&P 500.  Consumer discretionary (XLY, -0.65%) continued its recent weakness off of Monday's shooting star candle.  We...  Read More

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Did Uptrends Reverse for Semiconductor ETFs? - Five Semiconductors to Watch - Biotech ETFs and Five Stocks

by Arthur Hill

.... Did the Uptrends Reverse for Semiconductors? .... Intel and Four Semiconductor Equipment Stocks .... Biotech ETF Test November Lows .... BIIB Shows Relative Chart Strength  .... Bearish Wedges for Two Energy-related ETFs .... Junk Bonds Continue to Struggle ....  Did the Long-term Uptrends Reverse for Semiconductors? The Semiconductor SPDR (XSD) and Semiconductor iShares...  Read More

12/6 Marketwatchers LIVE Recap - Guest Tushar Chande

by Erin Heim

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN 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. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

Bull/Bear Market Rules and Head & Shoulders Patterns (UUP and TLT)

by Erin Heim

I'm sure many have heard the phrases, "Bull Market Rules Apply" or "Bear Market Rules Apply". I thought today I'd give you two examples of how these "rules" interact with chart patterns. In particular, a previous reverse head and shoulders on UUP and the break up of a head and shoulders pattern on TLT. Before I get to that, how do you determine which rules should be applied? Using DecisionPoint...  Read More

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December 2017 Market Roundup With Martin Pring 2017-12-06

by Martin Pring

This months Market Roundup highlights the three main assets of bonds, commodities and stocks. Rotations between these asset classes can help find major secular moves. This month shows multiple trends changing. Market Roundup With Martin Pring 2017-12-06 from StockCharts.com on  Read More

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Precious Metals And Commodities Starting To Break Down

by Martin Pring

Gold leads commodities Gold, gold shares and silver complete head and shoulder patterns Two confidence ratios are forecasting lower gold prices Commodities headed lower Gold leads commodities Chart 1 compares the price of gold to commodities in the form of the CRB Composite. The green shaded areas represent rally periods for the CRB.  The small green arrows connect the  Read More

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EMERGING MARKETS ISHARES FALL TO TWO-MONTH LOW -- MOST OF THE SELLING IS COMING FROM ASIA, AND TAIWAN IN PARTICULAR

by John Murphy

EMERGING MARKETS ISHARES FALL TO TWO-MONTH LOW... The recent rotation out of technology stocks may be taking a toll on emerging markets which are heavily exposed to that sector. Chart 1 shows Emerging Markets iShares (EEM) falling below its 50-day average to the lowest level in two months. And it's been falling in heavy trading. Most of that selling is coming from Asian...  Read More

United Technologies Forms Classic Continuation Pattern

by Arthur Hill

United Technologies (UTX) looks ripe for a breakout to new highs as a bullish cup-with-handle pattern takes shape. Note that UTX is in the industrials sector and the defense-aerospace industry group. The Industrials SPDR (XLI) and the iShares Aerospace & Defense ETF (ITA) both hit new highs on December 1st. The chart shows UTX in a long-term uptrend because it hit a new high in July and the...  Read More

Here's One Case For A Near-Term Top

by Tom Bowley

Reminder If you enjoy my blog articles, I'd love for you to subscribe.  It's the only way I know that I'm providing you with useful and thought-provoking information.  There is no charge for subscription, it's completely FREE!  Simply scroll down to the bottom of my article, type in your email address in the space provided and click on the green "Notify Me!"...  Read More

DP Alert: Indicators Topping - Gold Triggers PMO SELL and STTM SELL Signals - NDX STTM Neutral

by Erin Heim

First and foremost I am pointing out the new ST Trend Model Neutral signal that arrived today on the NDX. Despite attempting to rally from the recent decline, price was unable to move high enough to prevent this Neutral signal from appearing. Today I discussed with Tom thoughts on whether we are looking at a small bounce off a decline or a last gasp before more decline. I'm of the thought that...  Read More

12/5 MarketWatchers LIVE Recap - Chart Breakouts - "What Would You Do?"

by Erin Heim

  Welcome to the recap of Tuesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN 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. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More