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S&P 500 tests 12-month moving average

by Arthur Hill

With the May decline, the S&P 500 tested the rising 12-month moving average for the first time since breaking above in July. Also notice that MACD (5,35,5) turned positive for the first time since the first half of 2008... Read More 

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$SPX is stuck in the middle

by Arthur Hill

Talk about the lost decade. With the May decline, the S&P 500 is trading in the middle of its 10 year range. Note that this is a semi-log scale that reflects percentage change. We are looking at the mother of all consolidations... Read More 

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Retail SPDR establishes clear resistance

by Arthur Hill

The Retail SPDR (XRT) is finding support just above the rising 150-day EMA with two white candlesticks in the last four days. There was a follow through attempt on Wednesday, but the ETF closed weak to establish resistance instead... Read More 

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Elder's Weekly New Highs - New Lows

by Chip Anderson

Here's a 8 year look at a new market indicator that we just added to the website - the "Weekly New High - New Low Index" popularized by Dr. Alexander Elder in his books. Click here for a live version of this chart... Read More 

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Garmin forms triangle consolidation

by Arthur Hill

After a gap down and sharp decline in early May, Garmin (GRMN) formed a triangle consolidation the last few weeks. The gap and support break around 36 are bearish. A break below triangle support would signal a continuation of this decline... Read More 

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A double top for the BRIC ETF ($BKF)

by Arthur Hill

The BRIC ETF (BKF) has a large double top working over the last 6-9 months. With the April-May decline, the ETF broke support from the February low to confirm this pattern. Based on traditional technical analysis, the projected decline is to the low 30s... Read More 

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Apollo bucks the trend

by Arthur Hill

With the stock market down sharply in early trading on Thursday, Apollo Group (APOL) sticks out a like a sore thumb with a 2+ percent gain. The stock appeared to break support last week, but recovered with a high volume surge on Monday... Read More 

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Finance sector ekes out a gain

by Arthur Hill

Stocks were mostly lower on Wednesday, but the Financials SPDR (XLF) managed a small gain. A snapshot from the Market Summary page shows the nine sector SPDRs. XLF is the only gainer as the ETF test the early May lows... Read More 

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Market Summary Carpet reflects recent rotations

by Arthur Hill

The Market Summary can be viewed as a web page or as a Market Carpet. The snapshot below shows the Market Summary Carpet over the last 22 days (one month). There are a few green spots and lots of red... Read More 

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An evening star for Netflix

by Arthur Hill

Netflix (NFLX) is up over 100% from its January lows, which makes it one of the top performers this year. However, signs of selling pressure are starting to creep in. First, the stock formed a bearish harami in late April and declined to 90... Read More 

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Cumulative Net New Highs flatten out

by Arthur Hill

From the breadth charts page, users can get a glimpse of the AD Lines and cumulative Net New Highs lines for the NYSE, Nasdaq and Amex. The image below shows the cumulative Net New Highs lines for the NYSE and Nasdaq... Read More 

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Markets returns to risk

by Arthur Hill

Last week was all about safety. This week is all about risk. The Sector PerfChart shows the offensive sectors outperforming the defensive sectors over the last four trading days. All sectors are up on an absolute basis... Read More 

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Bovespa Index tests support

by Arthur Hill

The Brazilian Bovespa Index ($BVSP) is testing support in the 62,000 area. There is a support zone from 60,000 to 61,300 that extends back to the late October low. The index has been swinging from this support zone to a resistance zone in the low 70,000 area... Read More 

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Dr. Elder's Take on Last Week's Volatility

by Chip Anderson

Alexander Elder and his partner Kerry Lovvorn put together this chart analysis of last week's market action: Click here for a live version of this chart. The chart uses our new version of Dr. Elder's Impulse Trading System to color the bars... Read More 

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Financial SPDR enters retracement zone

by Arthur Hill

With a sharp decline the last four days, the Financials SPDR (XLF) entered a key retracement zone that may offer support. The area around 14.86-15.29 marks a 50-62% of the February-April rally. XLF is also oversold after a 12% decline in four weeks... Read More 

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$VIX Spikes Up Above 35 - What Does That Mean For the Market?

by Chip Anderson

Today's wild day cause the Volatility Index ($VIX) to spike up above 35 for the first time during the current market uptrend. The follow chart shows what the market has done in the past when that signal has occurred: Click here for a live version of this chart... Read More 

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QQQQ returns to broken resistance

by Arthur Hill

The Nasdaq 100 ETF (QQQQ) is gearing up for the first test since the support break at 49. With a decline back to 46.70, the ETF is now back to broken resistance from the January highs... Read More 

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Wal-mart surges off support

by Arthur Hill

Despite a sharp decline in the stock market on Tuesday, Wal-mart managed a small gain near support and then surged on Wednesday with pretty good volume. This stock is a big part of the consumer staples sector... Read More 

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CandleGlance of the most active

by Arthur Hill

The most active lists for Monday show 9-1 winners-losers for the NYSE and 8-2 for the Nasdaq. This table is updated throughout the day on the Free Charts page. Users can even click the CandleGlance link to see 10 small charts of these most active stocks... Read More 

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An evening doji star for Home Depot

by Arthur Hill

Home Depot formed a rare evening doji star last week. Note the long white candlestick and surge above 36, the gravestone doji with the gap up and the long red candlestick last Monday. Also note the gaps on either side of the gravestone doji... Read More