Art's Charts May 29, 2014 at 04:37 AM
Today's charts feature five setups from across the board. A key industrial metal retraced 50-62% of its prior advance and may hit resistance soon. A game retailer with high short interest gapped up. An oil services company shows signs of firming in a key retracement zone... Read More
Art's Charts May 29, 2014 at 02:09 AM
Note that I will be taking a day off on Friday and Art's charts will not be updated until Monday. Stocks took a breather on Wednesday with small losses in the major index ETFs... Read More
Art's Charts May 28, 2014 at 04:39 AM
Stocks were higher again on Tuesday with small-caps leading the way. The Russell 2000 ETF and Russell MicroCap iShares gained 1.44% and 1.92%, respectively. Strength in small-caps triggered a breakout in IWM as it moved above its mid May high... Read More
Art's Charts May 27, 2014 at 06:37 AM
Today's charts feature five setups in various groups. We start with a semiconductor stock making a breakout on high volume. Next, there are two retailers with bullish continuation patterns forming. Both broke out with gaps and are now consolidating... Read More
Art's Charts May 27, 2014 at 03:28 AM
Last week was a pretty good week for stocks. First, small-caps led the market as the Russell 2000 ETF gained over 2%. Second, the Consumer Discretionary SPDR led the sectors higher with a 2.09% gain. Third, Treasuries actually fell as the 20+ YR T-Bond ETF lost .74% last week... Read More
Art's Charts May 23, 2014 at 03:46 AM
Stocks moved higher on Thursday with another lopsided advance. The Russell 2000 ETF gained around 1%, but the S&P 500 SPDR gained just .30%. Small-caps led and large-caps lagged. Eight of the nine sectors were higher with the consumer discretionary and finance sectors leading... Read More
Art's Charts May 22, 2014 at 05:26 AM
Today's charts feature five setups in various groups. We start with an internet stock that is firming in a gap zone and retracement area. There is a clothing retailer with a bearish wedge. Next up is a hospital stock that appears to be healing with a gap and surge on good volume... Read More
Art's Charts May 22, 2014 at 03:57 AM
Stocks rebounded on Wednesday with large-caps leading the way. The Dow Diamonds (DIA) and S&P 100 ETF (OEF) rose around 1%. All sectors were up with consumer discretionary and industrials leading... Read More
Art's Charts May 21, 2014 at 04:24 AM
Stocks came under selling pressure with retailers leading the way lower. The Russell 2000 ETF and Russell MicroCap iShares lost around 1.5% on Tuesday. The S&P 500 SPDR and Nasdaq 100 ETF led up relatively well with losses of .63% and .36%, respectively... Read More
Art's Charts May 20, 2014 at 05:43 AM
Today's charts feature five setups in various groups. A little chip maker found support near its prior gap with a breakout the last two days. An offshore driller shows signs of buying pressure after a breakout. An auto maker bounces off support... Read More
Art's Charts May 20, 2014 at 04:31 AM
Stocks rallied on Monday with techs and small-caps leading the way. The Russell 2000 ETF gained over 1% and the Nasdaq 100 Equal-Weight ETF advanced .85% on the day. Seven of the nine sector SPDRs were higher with technology, finance and consumer discretionary leading... Read More
Art's Charts May 19, 2014 at 05:55 AM
Stocks remain mixed overall, but selling pressure is quietly spreading. The S&P 500 SPDR and Nasdaq 100 ETF continue to hold up well, but the Russell 2000 ETF and small-caps remain relatively weak. The market as a whole remains vulnerable as long as small-caps under perform... Read More
Art's Charts May 16, 2014 at 04:58 AM
Stocks took it on the chin Thursday with the major index ETFs falling across the board. Reading the financial media, one would have expected 2+ percent declines and blood in the street. The losses, however, where relatively modest and the Russell 2000 did not lead the way lower... Read More
Art's Charts May 15, 2014 at 05:45 AM
Small-caps once again led the market lower with the Russell 2000 ETF and Russell MicroCap iShares losing over 1.5% on the day. The Dow Diamonds and S&P 500 SPDR held up relatively well and lost around .5% on Wednesday... Read More
Art's Charts May 15, 2014 at 05:41 AM
Today's charts feature five setups in various groups. Facebook, the king of social networking, has a big reversal pattern taking shape. Flir Systems fell sharply and then formed a bearish continuation pattern... Read More
Art's Charts May 14, 2014 at 04:27 AM
Stocks were mixed on Tuesday with the Russell 2000 ETF (IWM) falling around 1% and the S&P 500 SPDR (SPY) advancing .1% on the day. Eight of the nine sector SPDRs were up, and just one down. The gains were small with the Energy SPDR (XLE) leading the way (+.38%)... Read More
Art's Charts May 13, 2014 at 06:30 AM
Stocks surged with a broad-based rally led by small-caps. The Russell 2000 ETF and the Russell MicroCap iShares gained over 2%, while the Dow Diamonds and S&P 500 SPDR gained less than 1%. It was a lopsided rally, but a little relative strength in small-caps is positive overall... Read More
Art's Charts May 13, 2014 at 06:27 AM
Today's charts feature five setups in various groups. Air Gas recovered from a support break and broke flag resistance. BB&T, a regional bank, held above its February low and bounced on good volume the last two days... Read More
Art's Charts May 12, 2014 at 05:45 AM
Not much happened in the stock market last week. The Dow Diamonds advanced .59%, the Nasdaq 100 ETF fell .79%, the S&P 500 SPDR decline just .05% and the Russell 2000 ETF lost 1.79%. The nine sector SPDRs were split with four up and five down... Read More
Art's Charts May 09, 2014 at 04:10 AM
The bulls tried to rally the market in early trading, but the early gains failed to hold as stocks moved lower in the afternoon. Once again, the Russell 2000 ETF and Russell MicroCap iShares led the way lower... Read More
Art's Charts May 08, 2014 at 05:52 AM
Stocks opened weak, firmed and rallied into the close. The major index ETFs finished with modest gains, but the Nasdaq 100 ETF closed slightly lower. The Finance SPDR and Utilities SPDR led the sectors higher... Read More
Art's Charts May 08, 2014 at 05:43 AM
Today charts feature three stocks from the finance sector, two from the tech sector and a biotech. Buying pressure is showing up in American Express over the last three days. Regional banks PBCT and RF are firming at key retracement... Read More
Art's Charts May 07, 2014 at 04:25 AM
After opening weak and recovering on Monday, stocks opened slightly lower and declined on Tuesday. I consider a weak open and steady decline more negative because it suggests consistent selling pressure... Read More
Art's Charts May 06, 2014 at 05:36 AM
The major index ETFs opened weak, but firmed in the first thirty minutes and bounced to close virtually unchanged. The overall results were mixed with the Nasdaq 100 ETF advancing .53% on the day and the Russell 2000 ETF (IWM) closing .12% lower... Read More
Art's Charts May 06, 2014 at 05:29 AM
AYI Tests Support Zone. BMY Bounces off Big Support. FLEX Forms Big Bull Flag. UNH Firms with Large Spinning Top. USB Finds Support near Key Retracement. Video is not available at the moment because we moved to a new blogging platform over the last few days... Read More
Art's Charts May 05, 2014 at 05:35 AM
Nothing much changed last week. SPY broke flag resistance and continued to lead the major index ETFs. IWM remains in a downtrend and formed a rising wedge, which could be a bearish continuation pattern. The markets shrugged off good economic news and closed weak on Friday... Read More
Art's Charts May 02, 2014 at 04:35 AM
There is no change on the charts as the current patterns held up. SPY and QQQ have flag breakouts, while IWM is bouncing within a downtrend. IWM could be forming a bear flag/wedge over the last few days... Read More
Art's Charts May 01, 2014 at 06:02 AM
ADSK Corrects after Strong Advance DDD Firms at long-term Support ISIL Breaks Out after Earnings ITRI Tests Island Reversal Zone PVH Breaks Flag Resistance Video is not available at the moment because we moved to a new blogging platform over the last few days... Read More
Art's Charts May 01, 2014 at 04:57 AM
Trading remains mixed as the market awaits the employment report on Friday, or perhaps jobless claims today. Despite a mixed market, the S&P 500 SPDR and Dow Diamonds continue to behave and act like they want to move higher. The Nasdaq 100 ETF also has a flag breakout working... Read More
