Art's Charts December 30, 2014 at 07:18 AM
Stocks were mixed on Monday. The Russell 2000 iShares and S&P MidCap SPDR led with modest gains, while the Dow Diamonds and Nasdaq 100 ETF lagged with fractional losses. Consumer staples and technology were weak. Utilities and consumer discretionary were strong... Read More
Art's Charts December 29, 2014 at 05:34 AM
Stocks continued higher in slow trading last week, which is pretty typical for yearend price action. The existing trend is up and prices extend in the direction of the existing trend, but in a much slower manner... Read More
Art's Charts December 23, 2014 at 06:02 AM
Programming note: I will be taking off the rest of the week and Art's Charts will return on Monday, December 29th. Have a great Christmas holiday! It was a mixed day on Wall Street with QQQ closing fractionally higher and IWM closing fractionally lower... Read More
Art's Charts December 22, 2014 at 06:45 AM
Stocks started the week with selling pressure, but the bulls found their footing on Wednesday and produced a strong two-day surge. The Russell 2000 iShares (+3.65%) and Russell MicroCap iShares (+4... Read More
Art's Charts December 19, 2014 at 04:52 AM
Stocks continued higher with a broad advance that lifted most boats - again. The two-day surge in SPY is the biggest since 2011 and the two day decline in TLT is the largest since November 2013... Read More
Art's Charts December 18, 2014 at 05:26 AM
Stocks moved sharply higher with a broad advance that lifted most boats. The Russell MicroCap iShares (IWC) and Russell 2000 iShares (IWM) led the charge with 3+ percent moves... Read More
Art's Charts December 17, 2014 at 07:01 AM
The S&P 500 is less than 6% from its all time high and the Nasdaq 100 is less than 7% below its all time high... Read More
Art's Charts December 16, 2014 at 02:44 PM
Even though correlation is not always causation, selling pressure extended in stocks and oil got the blame. Light Crude Futures (^CLF15) fell another 3+ percent and hit $55.02 on the low... Read More
Art's Charts December 15, 2014 at 05:15 AM
Stocks fell sharply last week as the S&P 500 suffered its largest weekly decline since May 2012. This was also the fifth weekly decline greater than 2.5% this year... Read More
Art's Charts December 12, 2014 at 04:28 AM
Stocks got good news with the employment report last Friday and the bounce was rather tepid. Stocks got more good news with retail sales on Thursday, but failed to hold the bounce. The inability to rise in the face of good news is negative... Read More
Art's Charts December 11, 2014 at 06:40 AM
There are plenty of reasons for Wednesday's sell off: plunging oil, weakness in junk bonds, bank exposure to the energy sector, Greek drama and the usual Euro stuff. One thing was clear: there were more sellers than buyers on Wednesday... Read More
Art's Charts December 10, 2014 at 05:34 AM
The major index ETFs were mixed on Tuesday, but the leadership role flipped in favor of small-caps. DIA, SPY and QQQ moved lower, while IWM and IJR edged higher... Read More
Art's Charts December 09, 2014 at 06:11 AM
Stocks moved lower on Monday with small-caps and energy shares leading the way. The Russell 2000 iShares (IWM) declined over 1% and the SmallCap Energy ETF (PSCE) declined over 7%. Even though the energy sector accounts for just 3.5% of IWM, an oversize decline like 7... Read More
Art's Charts December 08, 2014 at 06:16 AM
Stocks got a big dose of good news on Friday as non-farm payrolls added over 300,000 for the second time this year. The employment report capped off a strong week for economic indicators. Despite a positive news week, stocks were quite flat and Friday's gains were contained... Read More
Art's Charts December 05, 2014 at 03:56 AM
The market went into a risk-off mode on Thursday with the Russell 2000 iShares (IWM) losing .48% and the 20+ YR T-Bond ETF (TLT) surging .84% ahead of today's employment report... Read More
Art's Charts December 04, 2014 at 05:59 AM
Stocks continued higher on Wednesday with small-caps leading for the second day running. Seven of nine sector SPDRs were higher with industrials, energy and materials leading... Read More
Art's Charts December 03, 2014 at 04:07 AM
Stocks rebounded with small-caps leading the way. SPY and QQQ finished with modest gains, while IWM jumped 1.2%. Despite one day of relative strength, small-caps still lag their large-cap brethren over the last few weeks... Read More
Art's Charts December 02, 2014 at 06:09 AM
Stocks were mostly lower on Monday with small-caps and mid-caps leading the decline. Large-caps held up relatively well with SPY losing just .69% on the day. Retail stocks suffered a black Friday hangover as the Retail SPDR (XRT) fell over 2%... Read More
Art's Charts December 01, 2014 at 07:08 AM
Stocks were hit with some selling pressure on Friday, but SPY ended the week with a small gain and QQQ ended the week at a new high. The gains continue to be incremental and the advance is slowing, but it is still an advance and selling pressure remains subdued in large-caps... Read More
