Art's Charts April 29, 2009 at 11:30 AM
Charts: KFT, LLY, URBN XRAY Stocks are up sharply in early trading ahead of today's FOMC policy statement. Even though the major stock indices are still looking overbought, the current uptrend remains in place as stocks continue to attract money... Read More
Art's Charts April 28, 2009 at 08:31 AM
-- Financial stocks showing relative weakness -- Stocks trading near resistance and overbought -- Bullish considerations After a big advance the last 9-10 weeks, many stocks are running into resistance... Read More
Art's Charts April 28, 2009 at 08:08 AM
-- Financial stocks showing relative weakness -- Stocks trading near resistance and overbought -- Bullish considerations With a bounce last week, the Nasdaq 100 ETF (QQQQ) moved above its mid April high and the S&P 500 ETF (SPY) challenged its mid April high... Read More
Art's Charts April 27, 2009 at 05:01 AM
Welcome to the first posting day at Art's Charts. This blog will feature bullish and bearish setups for stocks and ETFs. Every week I scan through the chart universe looking for breakouts, strong trends, reversals and key chart patterns... Read More
Art's Charts April 27, 2009 at 04:59 AM
Abercrombie & Fitch (ANF) is part of the retail apparel industry group and the consumer discretionary sector. ANF surged with a gap up in early April, but failed to hold this surge and filled the gap in mid April. The inability to hold the gap-surge shows weakness... Read More
Art's Charts April 27, 2009 at 04:58 AM
Agilent Technology (A) surged in March and then formed an ascending triangle over the last 4-5 weeks. These classic patterns are bullish continuation patterns that require confirmation with a breakout. The equal highs around 17.2 mark overhead supply (resistance)... Read More
Art's Charts April 27, 2009 at 04:57 AM
Centerpoint Energy (CNP) is part of the electric utilities group. The defensive utilities sector has been struggling lately, but managed a gain in the face of Monday's market weakness. Investors may turn to defense if the market weakens further... Read More
