Art's Charts July 31, 2013 at 05:55 AM
Stocks meandered again on Tuesday. Large techs caught a modest bid with the Nasdaq 100 ETF (QQQ) advancing .70% on the day. The remaining moves were non events... Read More
Art's Charts July 30, 2013 at 07:13 AM
Stocks edged lower on Monday with the Russell 2000 ETF (IWM) leading the way (-.70%). Losses were relatively small as selling pressure was contained. Seven of nine sectors were down with the Energy SPDR (XLE) leading the way lower (-.94%)... Read More
Art's Charts July 30, 2013 at 07:00 AM
ADSK Hits Resistance at Retracement Zone. AMKR Corrects with Small Wedge. Plus FSLR, PBI, R, WTW This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts July 29, 2013 at 05:38 AM
The major index ETFs remain in short-term uptrends, but these uptrends stalled over the last two weeks... Read More
Art's Charts July 26, 2013 at 05:00 AM
Stocks may be overbought after big moves since late July, but we have yet to see signs of material selling pressure. In fact, we have yet to see even modest selling pressure. There are some pockets of weakness as homebuilders and big techs underperform the broader market... Read More
Art's Charts July 26, 2013 at 04:08 AM
The major index ETFs ended the day higher, but gains were mixed with some pockets of weakness in the market. Small-caps led the way as the Russell 2000 ETF (IWM) gained almost 1%. The Dow Industrials SPDR (DIA), however, only gained .01% and the S&P 500 ETF (SPY) was up a mere ... Read More
Art's Charts July 25, 2013 at 05:54 AM
Stocks were mostly lower on Wednesday with small-caps leading the way. The Russell 2000 ETF (IWM) lost around .83% and the S&P 500 ETF (SPY) lost around .37%. Techs were mixed with the Nasdaq 100 ETF (QQQ) adding .32% and the Nasdaq 100 Equal-Weight ETF (QQEW) losing .63%... Read More
Art's Charts July 25, 2013 at 05:48 AM
ARO Stalls with Possible H&S Looming. ARUN Hits Key Retracement with Wedge Pattern. Plus CHRW, FAST, X This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts July 24, 2013 at 04:48 AM
Stocks meandered again on Tuesday with the Dow Industrials SPDR (DIA) closing slightly higher and the S&P 500 ETF (SPY) edging lower. Large techs were under pressure ahead of Apple earnings as QQQ fell around 3/4 of a percent... Read More
Art's Charts July 23, 2013 at 06:49 AM
Stocks meandered in quiet trading on Monday. The Dow Industrials SPDR (DIA) lost a fraction, while the S&P 500 ETF (SPY) gained a fraction. SPY and IWM remain in short-term uptrends. QQQ is showing the most vulnerability with a support break last week... Read More
Art's Charts July 23, 2013 at 06:43 AM
AAP Consolidates after Breakouts. AMX Stalls at Range Resistance. Plus NIHD, NVDA, VRSN This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise)... Read More
Art's Charts July 22, 2013 at 05:42 AM
Stocks started the week in strong uptrends and short-term overbought conditions after big gains the prior three weeks. This did not deter buyers as the S&P 500 ETF (SPY) and the Russell 2000 ETF (IWM) broke consolidation resistance levels mid week... Read More
Art's Charts July 19, 2013 at 05:21 AM
With big moves over the last three weeks, the indicator summary improved since its last tally (21-June). The AD Volume Lines hit new highs, the Nasdaq AD Line hit a new high and Net New Highs surged. The finance and consumer discretionary sectors are leading the nine sectors... Read More
Art's Charts July 19, 2013 at 03:53 AM
Big tech misses are weighing on the market as stock futures trade modestly lower after hours. Both Google and Microsoft missed on their revenue estimates... Read More
Art's Charts July 18, 2013 at 08:49 AM
Earnings season is turning rather mixed with financials showing strong results and techs more mixed. Morgan Stanley is the latest big financial player to report strong results. Intel, on the other hand, reported weak results with its fourth straight quarterly decline in revenues... Read More
Art's Charts July 18, 2013 at 07:46 AM
AEO Breaks Down and Shows Relative Weakness. IVZ Forms Pennant after Support Break. Plus BRCM, LULU and MON. Download MP4 This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts July 17, 2013 at 04:42 AM
Today is just like a Fed day because Chairman Bernanke begins his two day testimony before Congress. I would not expect any fireworks from his prepared testimony, but we could see markets react if there are any surprises during the question and answer session... Read More
Art's Charts July 16, 2013 at 06:21 AM
Trading turned a bit mixed on Monday as stocks digested recent gains ahead of earnings and testimony from Fed Chairman Bernanke. This is a big week for earnings with Goldman Sachs, Coca-Cola and Yahoo! reporting on Tuesday. Wednesday and Thursday are the biggest days though... Read More
Art's Charts July 16, 2013 at 06:17 AM
AMGN Breaks Resistance with 7-day Advance. PLCM Forms 11 month Base. Plus DNDN, JBLU and R. This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise)... Read More
Art's Charts July 15, 2013 at 06:05 AM
Good morning Wall Street! After a little sand and sun, I am back in the saddle and ready to tackle the markets. Stocks and oil are running with the bulls as global economic prospects improve. Treasuries extended their downtrends as non-farm payrolls continued to improve... Read More
