Art's Charts

November 2019

Art's Charts

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Big Banks Hold Big Breakouts and this Laggard May Play Catchup

by Arthur Hill

Several finance-related ETFs and stocks broke out with big moves from early October to early November. Many of these then stalled over the last two weeks and this rest could be the pause that refreshes... Read More 

Art's Charts

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There is (almost) Always Cause for Concern

by Arthur Hill

The S&P 500 SPDR and Nasdaq 100 ETF recorded new all time highs this past week, while the S&P MidCap 400 SPDR hit a new 52-week high in November... Read More 

Art's Charts

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Don't Look Now, but New Highs are Expanding within the Small-cap Universe

by Arthur Hill

The number of stocks making new highs has been a lagging link in the breadth indicators this year. While the S&P 500 trades at a new high, the number of new highs within the index has yet to exceed 100 and get back to the levels seen in June... Read More 

Art's Charts

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Small-Caps Come Alive, but Microcaps Fall Short

by Arthur Hill

The Russell 2000 ETF is finally showing signs of an uptrend with the first higher-low/higher-high sequence in six months. The chart below shows the Russell 1000 ETF (IWB), the Russell 2000 ETF (IWM) and the Russell Microcap ETF (IWC) to compare highs and lows... Read More 

Art's Charts

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New High Parade Extends - What About the Consumer Discretionary SPDR?

by Arthur Hill

The new high parade continued this week with the S&P 500 SPDR and four sector SPDRs hitting new highs. The Technology SPDR (XLK), Industrials SPDR (XLI), Finance SPDR (XLF) and Materials SPDR (XLB) recorded new 52-week highs... Read More