Art's Charts

A Mixed Market as Earnings Season Hits

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While the S&P 500 and large-caps hold up well, small-caps and mid-caps continue to trade mixed. This suggest that the average stock is trading mixed, some up and some down. Even though we are not in a bear market environment, stock picking is challenging right now and we should lower our expectations, and perhaps exposure.

The mixed nature of the market is also reflected in the price charts for the major index ETFs. SPY and QQQ have traded flat since July (3 months). The Russell 2000 ETF has been working its way lower since April and the S&P MidCap 400 SPDR has been flat since April. The consolidations in SPY and QQQ come after new highs and both are within 2% of their all time highs. IWM is some 13% below its 2018 high and MDY is 6% below.

This Week on TrendInvestorPro.com

I will still contribute to StockCharts on a limited basis, but the bulk of my work will be on TrendInvestorPro from here on out. TrendInvestorPro.com offers market timing and trend-momentum strategies. As with Art's Charts, the analysis is objective, systematic and educational.

Saturday - 19-Oct: Weekend Market Review and Stock Setups

Saturday - 19-Oct: Few New Highs, but Even Fewer New Lows - Watching the Sector High-Low Lines for Clues on the Current Upswing

Friday - 18-Oct: The State of the Stock Market - There are Two Sides to Every Coin – Don’t Forget to Consider Both

Thursday - 17-Oct: ETF Ranking and Grouping – Some Long-term Laggards Start Showing Signs of Relative Strength

Thursday - 17-Oct: ETF ChartBook - Table showing ETF Rankings and Grouping plus all 60 ETF charts with annotations and comments.


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Arthur Hill, CMT

Chief Technical Strategist, TrendInvestorPro.com

Author, Define the Trend and Trade the Trend


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Announcement from the Author

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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