Art's Charts

February 2020

Art's Charts

Blog Article Title Image

Applying the Dow Theory Principle of Confirmation to Measure Sector Participation

by Arthur Hill

Dow Theory applies the principle of confirmation to confirm primary trends. Charles Dow used the Dow Industrials and Dow Transports to confirm the primary trend for the broader market... Read More 

Art's Charts

Blog Article Title Image

Removing the Amazon Effect from XLY - Plus the Mother of All Cup-with-Handle Patterns

by Arthur Hill

Amazon is by far the biggest component in the Consumer Discretionary SPDR and its recent breakout bodes well for the ETF. The new highs in XLY and AMZN this month, however, did not carry over to the Equal-weight Consumer Discretionary ETF (RCD)... Read More 

Art's Charts

Blog Article Title Image

Another Triple 90% Down Day - What is it and what does it mean for stocks going forward?

by Arthur Hill

Selling pressure was extremely broad in Friday with all sectors declining and more than ninety percent of stocks in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 declining... Read More