Art's Charts

March 2014

Art's Charts

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XLP Hits New High, but Still Lags - SPY Gaps Higher

by Arthur Hill

Programming Note: I will be at the MTA Symposium on Thursday and Friday, and Art's Charts will not be published on those days. http://symposium.mta.org/ Stocks put in a pretty solid performance on the last day of the quarter as small-caps and healthcare led the way higher... Read More 

Art's Charts

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SPY Tests Support, but Underperforms TLT

by Arthur Hill

Programming Note: I will be at the MTA Symposium on Thursday and Friday, and Art's Charts will not be published on those days. Stocks did the old pop-and-drop on Friday and finished the day mostly higher... Read More 

Art's Charts

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SPY Toys with Support - UUP Forms Bullish Pennant

by Arthur Hill

Stocks remained under selling pressure on Thursday, but selling pressure was not that strong and the major index ETFs closed with small losses. Seven of the nine sectors were down with the Finance SPDR (XLF) leading the decline (-.54%)... Read More 

Art's Charts

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Charts: BAC, CQP, CTB, HCA, PFE, WHR

by Arthur Hill

BAC Zigzags Higher. CQP Holds Support with a Bad Tape. Plus CTB, HCA, PFE, WHR Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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SPY Tests Support Again - TLT Breaks Resistance

by Arthur Hill

Stocks fell on Wednesday with relatively broad-based selling pressure. The Russell 2000 ETF (IWM) and Russell MicroCap iShares (IWC) led the way lower as money moved out of the riskiest stocks... Read More 

Art's Charts

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SPY Bounces off Support, but IWM and QQQ Lag

by Arthur Hill

Stocks put in a mixed performance on Tuesday with the S&P 500 SPDR (SPY) edging higher and the Russell 2000 ETF (IWM) closing fractionally lower. Seven of the nine sector SPDRs were up with industrials and energy leading... Read More 

Art's Charts

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Charts: BBRY, CMCSA, IDCC, JBLU, JOY

by Arthur Hill

BBRY Firms at Support. CMCSA Forms Big Doji at Support. Plus IDCC, JBLU, JOY Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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SPY Tests Support as TLT Challenges Resistance

by Arthur Hill

Stocks came under selling pressure with the Russell 2000 ETF (IWM) and Nasdaq 100 ETF (QQQ) leading the way lower. The losses, however, were still relatively modest. IWM lost 1.14%, QQQ declined .88% and SPY was down just .41%... Read More 

Art's Charts

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QQQ Underperforms and Tests First Support

by Arthur Hill

Stocks worked their way higher last week with volatile trading. SPY started the week strong with a surge on Monday-Tuesday, but then got hit with selling pressure after the FOMC policy statement and conference call... Read More 

Art's Charts

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SPY Holds Breakout and Gap - UUP Surges

by Arthur Hill

Stocks moved higher on Thursday with the finance sector leading the charge. The Finance SPDR (XLF) gained 1.58% and the Regional Bank SPDR (KRE) advanced 2.04%. The finance sector and banks clearly like what they heard from the Fed... Read More 

Art's Charts

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IWM Tests Breakout - GLD Breaks Channel Trend Line

by Arthur Hill

Stock market action was quite volatile around the Fed policy statement and the major index ETFs closed modestly lower by the time the dust settled. Weakness was pretty much across the board with IWM losing .57%, QQQ falling .54% and SPY declining .53%... Read More 

Art's Charts

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Charts: AMD, CSCO, DRI, EL, MRVL

by Arthur Hill

AMD Breaks Pennant Pattern. CSCO Firms at Key Retracement. Plus $DRI, $EL, $MRVL Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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Small-Caps and Techs Lead Flag Breakouts

by Arthur Hill

Stocks extended their gains ahead of today's Fed meeting. The Russell 2000 ETF (IWM) led the charge with a 1.5% advance. Techs were also strong as the Technology SPDR (XLK) led the sectors with a 1.3% gain... Read More 

Art's Charts

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Breadth Indicators Bounce - QQQ Gaps off Feb Lows

by Arthur Hill

Stocks surged on Monday with the Dow Diamonds (DIA) leading the way (+1.07%). All sectors were higher with the industrials, finance and technology sectors gaining over 1%. The consumer discretionary sector lagged a bit with a .67% gain... Read More 

Art's Charts

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Charts: AAPL, ADP, COP, CTXS, CY

by Arthur Hill

AAPL Breaks Wedge after Engulfing Pattern. ADP Breaks Out of Flag on Good Volume. Plus COP, CTXS, CY Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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QQQ Tests Support - TLT Challenges Resistance

by Arthur Hill

Stocks were hit with selling pressure last week as the major index ETFs declined 1.75-2.25 percent. The declines were relatively modest and came the week after most major index ETFs and sector SPDRs hit new highs... Read More 

Art's Charts

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Breadth Breaks Down - TLT Surges - SPY Fills Gap

by Arthur Hill

Stocks came under broad selling pressure with the Nasdaq 100 ETF (QQQ) leading the way lower. The major index ETFs fell with losses ranges from 1% to 1.5%. These losses are relatively modest. Eight of the nine sectors were down... Read More 

Art's Charts

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AD Lines Tests Support - QQQ Forms Bull Flag

by Arthur Hill

Programming note: Charts of Interest will not be posted today and return next Tuesday. Stocks were mixed on Wednesday and the major index ETFs have edged lower over the past week. The Nasdaq and NYSE AD Lines are near support zones, as is the NYSE AD Volume Line... Read More 

Art's Charts

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IWM Leads Correction - Oil Breaks Down - Gold Holds Up

by Arthur Hill

Stocks extended their correction with small-caps leading the way lower. The Russell 2000 ETF (IWM) and the Russell MicroCap iShares (IWC) led the major index ETFs lower with declines around 1%... Read More 

Art's Charts

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Charts: AKS, DGX, DNR, FNSR, HLF, INTC

by Arthur Hill

AKS Finds Support with Good Volume. DGX Forms Bullish Hammer. Plus DNR, FNSR, HLF, INTC Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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Intraday Breadth Indicators Remain Bullish

by Arthur Hill

Stocks took a breather on Monday as the major index ETFs traded mixed. The Nasdaq 100 ETF (QQQ) closed with a miniscule gain, while the S&P 500 SPDR (SPY) closed with a fractional loss. The sectors were also mixed with the five down and four up... Read More 

Art's Charts

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New Highs Affirm Uptrend, But the Run is Extended

by Arthur Hill

The major index ETFs extended their uptrends with new highs last week. These advances are getting extended with the Russell 2000 ETF (IWM) and S&P MidCap SPDR (MDY) up around 10% in the last five weeks... Read More 

Art's Charts

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SPX AD Line Hits New High to Show Broad Strength

by Arthur Hill

Stocks finished mixed again with some strength coming into the S&P 500 SPDR (SPY) and some weakness in the Russell 2000 ETF (IWM). The moves, however, were fractional and insignificant... Read More 

Art's Charts

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Charts: AMD, IMAX, LRCX, NEM, PBCT, WY

by Arthur Hill

AMD Forms Tight Consolidation after Surge. IMAX Bounces off Support Again. Plus LRCX, NEM, PBCT, WY Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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Intraday AD Lines Surge to New Highs

by Arthur Hill

Stocks meandered on Wednesday and the major index ETFs finished mixed. The Russell 2000 ETF (IWM) edged lower as the S&P 500 SPDR (SPY) closed slightly higher... Read More 

Art's Charts

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IWM Leads with Big Gap, but Overbought Conditions Remain

by Arthur Hill

Stocks surged on the open with the major index ETFs gapping substantially higher. There was some, but not much follow through after the gap, which suggest that most of the buying pressure occurred in the first twenty minutes... Read More 

Art's Charts

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Charts: BBRY, CTXS, DE, FTI, HLF, PMCS

by Arthur Hill

BBRY Forms Flag after High Volume Gap. CTXS Surges and Forms Tight Consolidation. Plus DE, FTI, HLF, PMCS Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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SPY and IMW Affirm Support with Bounces

by Arthur Hill

Stocks started the day under selling pressure, but firmed around midday and bounced in the afternoon. Even though the bounce was not that strong, it was positive to see stocks recover after the initial decline... Read More 

Art's Charts

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Bonds Start Outperforming Stocks

by Arthur Hill

The Russian-Ukraine situation is affecting the markets this morning. Stocks are down in pre-market, the Euro is down and the Yen is down. Even though the Dollar is up, gold and oil are trading sharply higher, as is Natural Gas... Read More