Art's Charts August 29, 2014 at 04:48 AM
Stocks stalled over the last few days, but the short-term uptrends have yet to reverse. In fact, the existing trends for TLT (up), UUP (up), USO (down) and GLD (down) also remain unchanged. SPY is up around 5% since August 7th... Read More
Art's Charts August 28, 2014 at 07:42 AM
Stocks turned mixed on Wednesday with fractional gains and losses in the major index ETFs. The sectors were also mixed, but the Utilities SPDR (XLU) caught a bid and surged 1.09%. Networking stocks weighed on the tech sector as the Networking iShares (IGN) fell .69%... Read More
Art's Charts August 27, 2014 at 02:14 AM
Stocks edged higher again with the Russell 2000 iShares (IWM) leading the way, though the gain was just .65%. Eight of the nine sectors were higher with the Energy SPDR (XLE) and Finance SPDR (XLF) leading. The Utilities SPDR (XLU) was the lone loser... Read More
Art's Charts August 26, 2014 at 05:45 AM
Stocks opened strong and then traded flat the rest of the day. The major index ETFs closed with small gains as the opening surge held. All nine sectors were higher with the Finance SPDR (XLF) and Energy SPDR (XLE) leading the way... Read More
Art's Charts August 25, 2014 at 06:25 AM
Stocks put in another strong performance last week with the Dow Diamonds (DIA) and S&P MidCap SPDR (MDY) gaining over 2%. All sectors were up with the consumer discretionary, technology, finance and industrials sectors gaining over 2%... Read More
Art's Charts August 22, 2014 at 04:31 AM
Stocks eked out some gains on Thursday to extend the run that started on August 8th. In particular, the Finance SPDR (XLF) led the way with a 1+ percent gain. Banks and brokers were also higher as the Regional Bank SPDR (KRE) advanced over 1%... Read More
Art's Charts August 21, 2014 at 06:39 AM
There are six setups today. First, we start with a healthcare stock forming a triangle after an advance. Second, there is a tech stock with a high volume breakout. Third, we have a regional bank reversing just above a support zone... Read More
Art's Charts August 21, 2014 at 05:35 AM
Stocks were mixed with the S&P 500 SPDR (SPY) edging higher and the Russell 2000 iShares (IWM) closing modestly lower. Relative weakness in small-caps is a small concern for two reasons. First, IWM represents a little less than 8% of total market cap for the US stock market... Read More
Art's Charts August 20, 2014 at 07:39 AM
Stocks opened strong and remained strong on Tuesday. SPY and IWM are up almost four percent over the last eight days. QQQ is up 4.75% and leading the pack. The advance is getting a little extended for the short-term, but overbought is a sign of strength, not weakness... Read More
Art's Charts August 19, 2014 at 06:50 AM
Stocks opened strong and closed strong with small-caps leading the way. Eight of the nine sectors were higher with industrials and finance leading. The utilities sector lost ground... Read More
Art's Charts August 19, 2014 at 06:45 AM
There are five setups today. First, we have a mining and oil concern with a correction underway. Second, we have an auto parts maker firming within a key retracement zone. Third, there is a shipping stock with a triangle breakout... Read More
Art's Charts August 18, 2014 at 07:07 AM
If one follows the financial media, it seems as if Ukraine and Iraq are driving the markets these days. While these two regions are certainly a concern, I am not sure how much lasting influence they will have on the overall direction for US stocks... Read More
Art's Charts August 15, 2014 at 04:22 AM
Stocks edged higher on Thursday with the major index ETFs scoring modest gains. The HealthCare SPDR (and the Utilities SPDR (XLU) led the sectors, while the Energy SPDR (XLE) lagged with a loss. Another break down in Spot Light Crude ($WTIC) weighed on the energy sector... Read More
Art's Charts August 14, 2014 at 06:55 AM
Stocks advanced on Wednesday with a fairly broad-based rally. Volume was low, but volume is supposed to be low in mid August so I would not read too much into this indicator right now... Read More
Art's Charts August 14, 2014 at 06:52 AM
There are five setups today. First, we have a biotech forming a triangle in an uptrend. Second, there is an auto retailer with a bearish wedge. Third, we have a biotech services company with a triangle breakout. Fourth, there is a steel stock showing signs of accumulation... Read More
Art's Charts August 13, 2014 at 05:08 AM
Stocks surge from early Friday to early Monday and then corrected from Monday afternoon to Tuesday. A four day chart reveals a pattern similar to a 1-2 day surge followed by a 1-2 day falling flag... Read More
Art's Charts August 12, 2014 at 08:19 AM
There are five setups today. First, we have an investment manager with follow through to a big harami. Second, there is an airline making a breakout. Third, we feature a volatile online real estate stock with a bullish consolidation... Read More
Art's Charts August 12, 2014 at 07:38 AM
Stocks followed up on Friday's gains with a strong open on Monday. There was not much follow through to this strong open, but the gains did hold for the most part. Short-term, I would say the cup is half full (bullish) until proven otherwise... Read More
Art's Charts August 08, 2014 at 01:10 AM
I am going straight to the charts, but here is a summary. QQQ, IWM and SPY remain in downtrends. QQQ and SPY held the late July support breaks. IWM, however, is showing some relative strength over the past weeks and chartists should watch for a breakout... Read More
Art's Charts August 06, 2014 at 09:27 PM
There are four setups today. We start with a big software stock showing weakness near two key moving averages. Second, there is a consumer services stock with a bullish wedge. Third, we feature a tech stock breaking out with strong volume patterns... Read More
Art's Charts August 06, 2014 at 09:23 PM
Stocks were mixed on Wednesday, but small-caps and micro-caps are starting to show some relative strength. The PerfChart below shows the performance for eight major index ETFs this week. IWM and IWC are up around 1% and leading the pack. MDY is the only other one showing a gain... Read More
Art's Charts August 06, 2014 at 02:19 AM
There are no real changes in the trends so I just updated the charts... Read More
Art's Charts August 05, 2014 at 01:15 PM
There are four setups today. We start with a volatile networking stock challenging a channel trend line. Next, there is a major airline testing support. Third, we are featuring an apparel retailer showing resilience near support... Read More
Art's Charts August 05, 2014 at 02:06 AM
Stocks rebounded on Monday with a broad advance that lifted most sectors and industry groups. The Materials SPDR and Energy SPDR led with 1+ percent gains. The Utilities SPDR lagged with a .54% loss. Of note, the Consumer Discretionary SPDR was the third strongest sector with a ... Read More
Art's Charts August 04, 2014 at 02:06 AM
Stocks were hit with broad selling pressure last week. Small-caps were weak, but large-caps joined the party last week as both DIA and SPY broke below their July lows. DIA broke below its June lows as well and gave up its June-July gains in a hurry... Read More
Art's Charts August 01, 2014 at 04:48 AM
Stocks were hit with broad selling pressure on Thursday as the major index ETFs opened weak and remained weak throughout the day. The inability to bounce indicates that buyers remained on the sidelines and did not step in to buy the dip... Read More
