Art's Charts

June 2015

Art's Charts

Blog Article Title Image

SPY and QQQ Break Support, Euro Holds Firm, Bonds Bounce

by Arthur Hill

Stocks were hit with broad selling pressure as the major index ETFs fell sharply and all sectors moved lower. The declines in the major index ETFs were pretty even with each losing around 2%. DIA held up the best with a 1.95% decline and IJR fared the worst with a 2.31% decline... Read More 

Art's Charts

Blog Article Title Image

SPY and QQQ Reverse within Trading Ranges - UUP Challenges Resistance

by Arthur Hill

Last week was almost the week that wasn't. There wasn't much change in the major index ETFs and there was no solution for Greece. There were some other significant moves though... Read More 

Art's Charts

Blog Article Title Image

SPY Forms Lower High, USO Flags Lower and UUP Challenges Resistance

by Arthur Hill

The S&P 500 surged on Monday morning with a move from 2110 to 2130. That was it for the buying pressure. The index peaked late Morning on Monday and fell the next three and a half days. $SPX closed near 2102.5 on Thursday and is down slightly for the week... Read More 

Art's Charts

Blog Article Title Image

SPY Tests Breakout, USO Flags and GLD Channels Lower

by Arthur Hill

Stocks opened weak and closed with with the S&P 500 losing around .74% on the day. Selling pressure was contained, but across the board as all sectors declined and most industry-group ETFs lost ground. The Materials SPDR (XLB) led the sectors lower with a 1.27% decline... Read More 

Art's Charts

Blog Article Title Image

UUP Surges to Resistance - USO Forms Smaller Flag

by Arthur Hill

Stocks meandered on Tuesday with the major index ETFs finishing mixed. The Nasdaq 100 Equal-Weight ETF (QQEW) and Equal-Weight S&P 500 ETF (RSP) edged lower, while the Nasdaq 100 ETF (QQQ) and S&P 500 SPDR (SPY) edged higher... Read More 

Art's Charts

Blog Article Title Image

IWM Hits Another New High - GLD Fails to Hold Breakout

by Arthur Hill

Stocks surged out of the gate and then settled into a trading range the rest of the day. The gains were modest, but they held with QQQ and IWM leading the way. Note that the Nasdaq and Russell 2000 both hit new highs again on Monday... Read More 

Art's Charts

Blog Article Title Image

IWM Leads as USO and UUP Trend Lower

by Arthur Hill

There sure was a lot of noise last week, but this noise was not enough to affect small-caps and techs. The Russell 2000 and Nasdaq hit new highs and this is bullish for the market overall... Read More 

Art's Charts

Blog Article Title Image

IWM Leads with New High - USO Remains Subdued - GLD Breaks Out

by Arthur Hill

Stocks surged with the major index ETFs gaining over 1% on the day. IWM and QQQ led with 1.5% advances. DIA and SPY gained around 1%. Eight of the nine sectors were up with solid gains coming from consumer discretionary, finance and healthcare... Read More 

Art's Charts

Blog Article Title Image

IWM Leads with Higher High - USO Trends Lower with Flag

by Arthur Hill

Stocks were mixed on Wednesday with QQQ and SPY posting small gains, and IWM and MDY posting small losses. The sectors were mixed with small gains coming in consumer discretionary, materials and consumer staples... Read More 

Art's Charts

Blog Article Title Image

IWM Continues to Lead, SPY Fills One Gap, UUP Turns Quiet

by Arthur Hill

June has been anything but dull for the stock market, on a short-term basis at least. SPY sports three swings of at least 2% over the last ten days. After gapping down on Monday, stocks firmed and rallied from Monday morning to Tuesday afternoon... Read More 

Art's Charts

Blog Article Title Image

SPY Gaps for Fourth Time, QQQ Tests Support, USO Challenges Flag

by Arthur Hill

Stocks opened sharply lower, bounced a bit and then traded flat the rest of the day. The major index ETFs spent the entire day in negative territory and closed with modest losses... Read More 

Art's Charts

Blog Article Title Image

QQQ Triangulates, IWM Leads, USO Challenges Bull Flag

by Arthur Hill

Stocks moved up at the beginning of the week and down towards the end of the week. The end result was mixed for the major index ETFs as QQQ fell around .50% and IWM gained .42%. The sectors were mixed with finance showing strength and energy showing weakness... Read More 

Art's Charts

Blog Article Title Image

SPY Stalls at Resistance - USO Hits Flag Trend Line

by Arthur Hill

Stocks were flat on Thursday as the market digested Wednesday's big gain. The major index ETFs closed slightly higher with IWM gaining .25% and MDY leading with a .60% advance. The sectors were mixed with modest gains in industrials, materials and healthcare... Read More 

Art's Charts

Blog Article Title Image

A Breadth Up Thrust - IWM Leads - USO Challenges Flag Resistance

by Arthur Hill

Stocks surged with the major index ETFs opening strong and finishing strong. We did not see a pop and drop, and this is positive. The gains were relatively even with IWM gaining 1.25%, QQQ advancing 1.37% and SPY surging 1.20%... Read More 

Art's Charts

Blog Article Title Image

SPY Downtrend Gets Oversold - IWM Triangulates

by Arthur Hill

Trading was rather quiet on Tuesday as the S&P 500 dipped in early trading, rebounded into positive territory by noon and then traded flat. The major index ETFs finished flat with fractional losses in IWM (-.30%) and SPY (-.01%)... Read More 

Art's Charts

Blog Article Title Image

Sector Balance Tilts to the Bears - IWM Holds Up

by Arthur Hill

Stocks opened weak and remained weak as the S&P 500 extended its two week slide. This slide started with the gap down on Tuesday, May 26th, the day after Memorial Day. Tech stocks led the way lower as QQQ lost around 1%... Read More 

Art's Charts

Blog Article Title Image

Market Remains Very Mixed - Small-Caps and Mid-Caps Lead Though

by Arthur Hill

Stocks were mixed most of the week and the major index ETFs finished mixed. The S&P 500 SPDR (SPY) and Nasdaq 100 ETF (QQQ) edged lower, while the Russell 2000 iShares (IWM), S&P MidCap SPDR (MDY) and S&P SmallCap iShares (IJR) closed modestly higher (greater than 1%)... Read More 

Art's Charts

Blog Article Title Image

QQQ forms Cup with Handle - Oil Fails to Hold Breakout

by Arthur Hill

Stocks just couldn't bear the pressure any longer and sold off on Thursday. The S&P 500 opened weak and finished weak for a .86% decline on the day. Overall, the decline is not that big and the index is still less than 2% from an all time high... Read More 

Art's Charts

Blog Article Title Image

Small-caps Lead as IWM Breaks Out - UUP Hits Moment of Truth

by Arthur Hill

Stocks chopped around again on Wednesday, but managed to hold their early gains and close positive. The S&P 500 surged to 2121 in the first hour, fell back to 2112 around lunchtime and then finished at 2114 for a small gain... Read More 

Art's Charts

Blog Article Title Image

Oil Gets a Break, IWM Perks Up and Bonds Break Down

by Arthur Hill

Stocks chopped around again on Tuesday with the S&P 500 falling to 2100 on the open, bouncing back to 2117 in the early afternoon and settling around 2110 by the close. Overall, the major index ETFs ended the day mixed. DIA and QQQ edged lower, while IWM and MDY edged higher... Read More 

Art's Charts

Blog Article Title Image

Three of Five Sectors in Short-term Downtrends - SPY Triangulates

by Arthur Hill

Stocks chopped around on Monday with the S&P 500 trading in an 18 point range the entire day. The major index ETFs finished with small gains led by the Russell MicroCap iShares (+.40%). The sectors were mixed with energy, materials and consumer staples showing some weakness... Read More 

Art's Charts

Blog Article Title Image

Breadth Turns Bearish, IWM Contracts and USO Challenges Channel Line

by Arthur Hill

Stocks were all over the place last week. The S&P 500 plunged on Tuesday, rebounded on Wednesday and fell back on Thursday-Friday. For the week, the major index ETFs ended lower by around 1%. All sectors were lower with energy and industrials leading the way down... Read More