Art's Charts June 30, 2014 at 05:30 AM
Stocks were hit with bouts of selling pressure on Tuesday afternoon and Thursday morning, but finished the week on a strong note. Overall, the major index ETFs were mixed for the week. QQQ gained 1.06%, SPY was down .06% and IWM rose .08%... Read More
Art's Charts June 27, 2014 at 03:55 AM
Stocks were mixed on Thursday with the Nasdaq 100 ETF edging higher (.05%) and the S&P 500 SPDR (SPY) edging lower (-.07%). Five sector SPDRs were up and four were down. Finance and consumer staples led the way lower with small losses... Read More
Art's Charts June 26, 2014 at 05:21 AM
After an outside day and weak close on Tuesday, stocks rebounded on Wednesday and the major index ETFs closed modestly higher. Small-caps led the way lower on Tuesday and the way higher on Wednesday... Read More
Art's Charts June 26, 2014 at 05:18 AM
There are six setups today. First, we start tech stock that formed a high-tight flag. Second, there is a big pharma stock that is lagging the group, but formed a breakaway gap on big volume. Third, we have a bottom pick play for a sporting good store... Read More
Art's Charts June 25, 2014 at 04:09 AM
Stocks started the day strong, but peaked near midday and fell in the afternoon. The major index ETFs formed outside days with a bearish bias. This means Tuesday's high-low range was outside Monday's high-low range and Tuesday's close was weak... Read More
Art's Charts June 24, 2014 at 05:51 AM
There are five setups today. First, we start with an engineering concern that formed a triangle after a big surge. Second, there is a major aircraft maker with a gap and support break. Third, we have a healthcare stock with a bullish breakout in the works... Read More
Art's Charts June 24, 2014 at 03:30 AM
The energizer bunny continues to power the stock market higher. Stocks have been considered overbought several times over the last few weeks, but the uptrend simply trumps everything. Small-caps led the advance last week as the Russell 2000 iShares surged 2.3%... Read More
Art's Charts June 20, 2014 at 03:59 AM
Stocks did not do much, but it was a most interesting day elsewhere. The major index ETFs closed fractionally higher and the sectors were mixed. The consumer discretionary, technology and finance sectors were fractionally lower... Read More
Art's Charts June 19, 2014 at 04:54 AM
The Yellen Fed came out with a dovish statement on Wednesday. This put a bid into utilities, gold, bonds and stocks. The Dollar and Treasury yields moved lower. The gains in the major index ETFs were modest, but enough to extend the short-term uptrends... Read More
Art's Charts June 19, 2014 at 04:50 AM
There are five setups today. First, we start with a semiconductor stock forming an inverse head-and-shoulders pattern. Second, there is a healthcare stock with a bull flag taking shape. Third, we feature a networking stock with a Bollinger Band squeeze... Read More
Art's Charts June 18, 2014 at 09:47 AM
It seems that there are higher yields in our future. The economy is plugging along, the labor market is improving and inflation is on target. The Consumer Price Index (CPI) rose .4% in May and this was the largest increase since February 2013... Read More
Art's Charts June 17, 2014 at 05:18 AM
Today we have six setups. We start with a shipper that broke resistance and successfully tested this breakout with a high volume bounce. Next we have a video game retailer consolidating after a gap. Third up is a Japanese automaker with a bull flag... Read More
Art's Charts June 17, 2014 at 04:35 AM
Stocks were mixed on Monday, but the major index ETFs managed to eek out small gains. Small-caps showed some relative strength as the Russell 2000 ETF gained .48% on the day. The sectors were mixed with weakness in finance, industrials and materials... Read More
Art's Charts June 16, 2014 at 04:29 AM
It could be a big week for housing-related stocks and Treasury bonds. The Home Construction iShares (ITB) is at a critical juncture because it is testing the early June breakout after last week's pullback... Read More
Art's Charts June 13, 2014 at 04:24 AM
Selling pressure extended on Thursday, but the losses in the major index ETFs were modest. The Russell 2000 ETF declined .61% and the S&P 500 SPDR fell .71%. This is moderate selling pressure. There were, of course, some pockets with more intense selling pressure... Read More
Art's Charts June 12, 2014 at 05:21 AM
Stocks came under selling pressure on Wednesday with the Russell 2000 ETF losing around .50% and the S&P 500 SPDR falling .35%... Read More
Art's Charts June 12, 2014 at 05:18 AM
Today's charts feature five setups. First, there is a small pharma company bouncing off support after a hammer. Second, we have a recent IPO getting a breakout with good volume. Third, there is a small software company with a double bottom taking shape... Read More
Art's Charts June 11, 2014 at 03:51 AM
It was a mixed day on Wall Street as the Nasdaq 100 ETF edged higher (.17%) and the S&P 500 SPDR edged lower (.01%). The gains and losses in the major index ETFs were insignificant and Tuesday can be called a consolidation day... Read More
Art's Charts June 10, 2014 at 05:55 AM
Stocks continued higher in early trading and then succumbed to some selling pressure in the afternoon. The Nasdaq 100 ETF (QQQ) closed slightly lower, the S&P 500 SPDR (SPY) edged higher and the Russell 2000 ETF (IWM) gained .88% on the day... Read More
Art's Charts June 10, 2014 at 05:51 AM
Today's charts feature five setups. First, we have a semiconductor stock with a bullish reversal pattern in the works. Second, we have a software company catering to the healthcare sector. Third, there is a movie producer scheduled to release a sequel this weekend... Read More
Art's Charts June 09, 2014 at 05:41 AM
Stocks caught a decent bid last week with small-caps, mid-caps and micro-caps leading the way. This shows strength at the high-beta end of the market and shows an increased appetite for risk... Read More
Art's Charts June 06, 2014 at 04:00 AM
Stocks caught a bid with the Russell 2000 ETF and Russell MicroCap iShares leading the charge. Both gained over 2% and easily outperformed the S&P 500 SPDR, which gained just .60% on the day. All sectors were up with industrials and finance leading... Read More
Art's Charts June 05, 2014 at 05:13 AM
Today's charts feature five setups. First, we have a stockbroker testing a major support zone. Second, there is a cell phone maker gapping higher and holding the gap. Third, a shipper is showing signs of life with a big move... Read More
Art's Charts June 05, 2014 at 03:55 AM
Stocks edged higher on Wednesday with the major index ETFs posting modest gains. The economic reports continue to be positive with the ISM Services Index coming in well above 50 and the ADP report showing 179000 new private sector jobs... Read More
Art's Charts June 04, 2014 at 04:43 AM
Stocks put in a lackluster performance as the market awaits a data deluge in the coming days. We have the ADP Employment Report, Fed Beige Book and ISM Services today. Initial Claims and the European Central Bank (ECB) meeting are Thursday... Read More
Art's Charts June 03, 2014 at 05:47 AM
Stocks put in a mixed performance on Monday with large-caps and mid-caps edging higher, and small-caps moving lower. The gains and losses were contained and not enough to affect the short-term trends... Read More
Art's Charts June 03, 2014 at 05:42 AM
Today's charts feature five setups. A video game maker is consolidating within an uptrend. A teen apparel retailer triggered a bear trap after a failed support break. A women's apparel retailer is consolidating after a gap-reversal... Read More
Art's Charts June 02, 2014 at 04:55 AM
The S&P 500 SPDR and 20+ YR T-Bond ETF extended their uptrends with new highs last week, but this positive correlation could get a big test with a full economic docket this week. The Dow Diamonds, Nasdaq 100 ETF, Equal-Weight S&P 500 ETF and S&P 500 SPDR hit new highs... Read More
