Art's Charts July 31, 2014 at 06:08 AM
It was yet another mixed day on Wall Street. As with Tuesday, small-caps and micro-caps were up and showed some relative strength. QQQ and techs were also up, but DIA and the Equal-Weight S&P 500 ETF edged lower... Read More
Art's Charts July 30, 2014 at 05:39 AM
It was another mixed day, but the usual performance mix got turned around. Note that the Russell 2000 iShares and Russell MicroCap iShares gained on the day, but the Nasdaq 100 ETF and S&P 500 SPDR lost ground. It is usually the other way around... Read More
Art's Charts July 29, 2014 at 06:30 AM
There are four setups today. We start with a major pharma stock making a breakout bid after a bear trap. Second, there is a cosmetics stock with a bearish wedge taking shape. Third, we have an online travel stock with a bullish triangle... Read More
Art's Charts July 29, 2014 at 04:53 AM
Guess what? Stocks were mixed again on Monday. IWM edged lower and SPY edged higher. And I do mean "edged" because the gains and losses were minimal. Six of the nine sectors were higher with the Utilities SPDR leading (up 1.39%)... Read More
Art's Charts July 28, 2014 at 06:18 AM
Stocks started the month mixed and remain mixed. Over the past month, QQQ is up 3.70%, SPY is up 1.09% and IWM is down 3.15%. The Technology SPDR is leading with a 4.12% gain over the past month. The Utilities SPDR is lagging with a 2.68% loss... Read More
Art's Charts July 24, 2014 at 05:38 AM
There are five setups today. We start with an LED light company with a bearish continuation pattern. Second, there is a Chinese e-commerce stock with a bullish continuation pattern. Third, I am featuring a networking stock that hit resistance at a key retracement... Read More
Art's Charts July 24, 2014 at 04:16 AM
Stocks were mostly higher, but the gains were small and there were some pockets of weakness. QQQ hit a new high and remains the strongest of the major index ETFs. The sectors were mixed with six up and three down. Energy, materials and healthcare led the gainers... Read More
Art's Charts July 23, 2014 at 04:51 AM
Stocks moved higher on Tuesday with modest gains in the major index ETFs. The Russell 2000 iShares led with a .84% gain and the Dow Diamonds lagged with a .33% gain. Seven of the nine sectors were higher with technology, energy and healthcare leading... Read More
Art's Charts July 22, 2014 at 05:56 AM
There are only four setups today because the pickings are slim during earnings season. Risk is always above average when a company reports earnings and I try to insure that the earnings report is at least a week away... Read More
Art's Charts July 22, 2014 at 04:24 AM
The July funk continues for stocks. After good gains on Friday, some selling pressure hit on Monday and the major index ETFs closed modestly lower. The Russell 2000 iShares fell .40% and the Nasdaq 100 ETF lost just .12% on the day. Eight of the nine sectors were down... Read More
Art's Charts July 18, 2014 at 03:47 AM
Stocks opened slightly lower and then slid as news reports suggested that the Malaysian airliner was shot down. There was a small bounce around midday and stocks again came under selling pressure in the afternoon. Small-caps led the way lower as IWM fell around 1.5%... Read More
Art's Charts July 17, 2014 at 05:54 AM
There are only three setups today because the pickings are slim during earnings season. Risk is always above average when a company reports earnings and I try to insure that the earnings report is at least a week away. Today, we have a semiconductor stock with a bull flag... Read More
Art's Charts July 17, 2014 at 04:27 AM
Stocks opened strong and then stalled. SPY and QQQ managed to hold their gains and close slightly higher. IWM did not and closed fractionally lower. Seven of the nine sector SDPRs were higher with technology, energy and materials leading the way... Read More
Art's Charts July 16, 2014 at 05:12 AM
Stocks, gold, the Dollar and bonds got whipped around during congressional testimony from Fed Chair Janet Yellen. Stocks opened strong, took a deep dip and the recovered some of that dip with an afternoon advance... Read More
Art's Charts July 15, 2014 at 05:58 AM
There are five setups today. First, we have an education provider with a break down. Second, there is a tech stock breaking out of a bullish continuation pattern. Third, we feature a mining equipment play with a bullish wedge taking shape... Read More
Art's Charts July 15, 2014 at 05:08 AM
Stocks started the day strong and then stalled as buying and selling pressure equalized. The major index ETFs finished with modest gains. Seven of the nine sectors were higher with technology, energy and finance leading... Read More
Art's Charts July 14, 2014 at 06:13 AM
It was a rough week for stocks. Small-caps led the major index ETFs lower as IWM lost around 4%. The finance sector was relatively weak as XLF declined around 1.5% on the week. The Home Construction iShares and the Retail SPDR were two of the weakest industry group ETFs... Read More
Art's Charts July 11, 2014 at 03:40 AM
The intermarket PerfChart below shows July getting off to a rather strange start. SPY and QQQ are up slightly this month, but IWM is down sharply with a 2+ percent loss. Relative weakness in small-caps suggests that the equity market may be entering into a corrective period... Read More
Art's Charts July 10, 2014 at 05:57 AM
Stocks firmed after a sharp two day decline in small-caps and momentum names. Firmness could be fleeting because stock futures are down after hours. If the second shoe drops here, I would expect the momentum names and small-caps to lead the way lower again... Read More
Art's Charts July 10, 2014 at 05:54 AM
There are five setups today. First, we have a tech stock with a pennant break down. Second, we have a teen apparel retailer with a falling wedge. Third, there is a medical device company trading within an extended correction... Read More
Art's Charts July 09, 2014 at 05:29 AM
The high-beta names (i.e. momentum stocks) got hammered again on Tuesday. The Russell 2000 iShares fell over 1%, the Internet ETF fell 3%, the Solar Energy ETF declined over 3.5% and the Biotech SPDR lost 3.77%. It is beginning to look a lot like March... Read More
Art's Charts July 08, 2014 at 07:04 AM
After hitting new highs last week, stocks started this week with some selling pressure. Large-caps held up relatively well as SPY fell .76%. Small-caps and micro-caps bore the brunt of selling pressure as the Russell 2000 iShares and Russell MicroCap iShares fell more than 1... Read More
Art's Charts July 08, 2014 at 07:00 AM
There are five setups today. First, we start with a Chinese aluminum stock that is surging off a key retracement. Second, we have a restaurateur stalling at a key retracement. Third, there is an equipment manufacturer with a triangle consolidation... Read More
Art's Charts July 05, 2014 at 03:52 AM
Another week and another gain. Most of the major index ETFs moved to new highs again last week to affirm the uptrends. IWM hit a new high intraday, but has yet to close above the March high... Read More
Art's Charts July 03, 2014 at 03:52 AM
Stocks followed up Tuesday's gains with a mixed trading day on Wednesday. Small-caps and mid-caps came under selling pressure as MDY and IWM fell around .50%. Large-caps held on to their gains as SPY and QQQ finished fractionally higher... Read More
Art's Charts July 02, 2014 at 05:15 AM
Stocks caught a big bid on Tuesday with small-caps and big techs leading the way. IWM and QQQ gained over 1%. The gains were not that excessive and this market advance continues to be quite incremental... Read More
Art's Charts July 01, 2014 at 06:23 AM
There are five setups today. First, we start with an insurance stock that formed a bullish consolidation after a breakout. Next up is a railroad with a triangle after a breakout. The third stock is a small aluminum company with a recent wedge breakout... Read More
Art's Charts July 01, 2014 at 04:46 AM
Stocks were again mixed on Monday. Large-caps lagged as the Dow Diamonds and S&P 500 SPDR closed fractionally lower. Small-caps led as the Russell 2000 iShares closed near last week's high. Techs also showed some relative strength as the Nasdaq 100 ETF hit another new high... Read More
