Art's Charts November 24, 2014 at 08:47 AM
Stocks surged out of the gate on Friday, but fell back in the afternoon and closed off their highs. The action was mostly positive, but small-caps again underperformed as the S&P SmallCap iShares (IJR) closed fractionally lower. Large-caps still rule the rally... Read More
Art's Charts November 21, 2014 at 02:38 AM
Stocks continued to take baby steps higher with the S&P 500 and Dow Industrials closing at all time (closing) highs... Read More
Art's Charts November 20, 2014 at 05:40 AM
Small-caps weighed on the stock market again as IWM fell over 1%. Techs were also a bit weak with QQQ falling a half percent and SPY held up the best with a fractional loss. Despite a mixed and overbought stock market, there were some positive takeaways on Wednesday... Read More
Art's Charts November 19, 2014 at 06:04 AM
Stocks moved higher on Tuesday with the major index ETFs posting modest gains. Incremental gains are the hallmark of this advance since late October. SPY is up ten of the last twelve days and the total advance is around 2%... Read More
Art's Charts November 18, 2014 at 06:58 AM
Stocks meandered again in mixed trading. Small-caps were weak as IWM fell .83%, but large-caps held firm as SPY and DIA closed with fractional gains... Read More
Art's Charts November 17, 2014 at 06:23 AM
Stocks were mostly higher last week, but there were some pockets of weakness. QQQ led the broader market with a 1.59% gain and IWM lagged as the ETF fell a fraction (-.02%). The consumer discretionary and technology sectors gained and showed relative strength last week... Read More
Art's Charts November 14, 2014 at 05:03 AM
Stocks finished very mixed on Thursday. DIA, QQQ and SPY finished with small gains, while IWM and IWC finished with modest losses. The Russell 2000 iShares (IWM) fell .85% and the Russell MicroCap iShares (IWC) was down 1.10%... Read More
Art's Charts November 13, 2014 at 02:52 AM
It was another lackluster day, but there were some notable pockets of strength. Small-caps perked up as the Russell 2000 iShares (+.45%) and S&P SmallCap iShares (+.68%) led the major index ETFs. The gains may be incremental, but they were gains and they were the leaders... Read More
Art's Charts November 12, 2014 at 05:20 AM
Trading was rather lackluster on Tuesday as the major index ETFs finished with fractional gains, and I do mean fractional. QQQ gained .31%, SPY rose .10% and IWM advanced .07%. Buying pressure is waning, but we have yet to see any significant selling pressure... Read More
Art's Charts November 11, 2014 at 06:29 AM
The December E-mini S&P 500 (^ESZ14) hit another new high with another incremental step. Since the close above 2000 at the end of October, the gains have been rather incremental and upside momentum has slowed... Read More
Art's Charts November 10, 2014 at 06:15 AM
The December E-mini S&P 500 (^ESZ14) hit a new high intraday, but closed slightly lower and formed a doji on the day. These candlesticks signal indecision, which is caused by a standoff between buying and selling pressure... Read More
Art's Charts November 07, 2014 at 05:32 AM
And now for the employment report. This week's economic reports were positive, the ADP Report was above 200K and initial claims continue to fall. The economic cup is clearly half full and this bodes well for today's employment report... Read More
Art's Charts November 06, 2014 at 07:37 AM
Stocks were mostly higher on Wednesday with the major index ETFs posting modest gains. SPY advanced .63% and the Russell 2000 iShares (IWM) added just .18%. The energy sector rebounded with a big move as oil got a small bounce... Read More
Art's Charts November 05, 2014 at 06:33 AM
Stocks were hit with pockets of selling pressure on Tuesday. The consumer discretionary, energy and materials sectors led the way lower. Consumer staples, financials and healthcare held up relatively well... Read More
Art's Charts November 04, 2014 at 05:39 AM
Today we will start with a short-term look at the risk on-off dynamics in the stock market right now. Note that I am only referring to the stock market. Oil, gold, the Dollar and the Euro do not fit into this equation right now... Read More
Art's Charts November 03, 2014 at 06:08 AM
Breadth behind the most recent advance was quite strong as the AD Lines for the S&P 500, S&P 1500 and Nasdaq 100 recorded new highs. Of these three, notice that the S&P 500 AD Line held its August low and the Nasdaq 100 AD Line held above its August lows... Read More
