Don't Ignore This Chart!

A P&F triple bottom break for Whirlpool

by Arthur Hill

Whirlpool (WHR) came across the triple bottom break scan. The stock is in a clear downtrend with lower lows and lower highs since May. WHR broke triple bottom support twice in the next few days and the downside price objective is 74... Read More 

Don't Ignore This Chart!

Akamai gaps down from resistance

by Arthur Hill

For the second time in two months, Akamai (AKAM) gapped down from resistance at 46. The stock first hit resistance here in mid June and gapped down in late June. AKAM moved back to resistance in July, but failed again with another gap and high-volume decline... Read More 

Don't Ignore This Chart!

Flowserve with P&F triangle breakout

by Arthur Hill

Flowserve (FLS) came across the bullish triangle alert page from the P&F pattern scans. On the P&F chart, notice how the stock broke above the bearish resistance line with a surge above 98... Read More 

Don't Ignore This Chart!

Apple stalls with 3 inside days

by Arthur Hill

While the market continued higher the last three days, Apple (AAPL) stalled with three inside days. This stall comes after last week's wedge breakout, which is still holding. A move below last week's gap (252) would negate the breakout... Read More 

Don't Ignore This Chart!

Dollar Index becomes oversold

by Arthur Hill

The US Dollar Index ($USD) became oversold as RSI moved below 30 last week. In addition, notice that the index has retraced just over 62% of the March-June advance... Read More 

Don't Ignore This Chart!

DAX has yet to break down

by Arthur Hill

Despite all the troubles in Europe, the German DAX ($DAX) remains in a uptrend since March 2009 and has yet to roll over. The index is above its 12-month moving average and MACD(5,35,5) is positive... Read More 

Don't Ignore This Chart!

Bonds remain in long-term uptrend

by Arthur Hill

The 20+ Year T-Bond ETF (TLT) continues to trend higher within a large rising price channel. The ETF surged above the channel during the finance crisis of 2008, but returned to this channel in 2009 and resumed its rise in 2010. Long-term support is set at 85... Read More 

Don't Ignore This Chart!

S&P 500 breaks 12-month moving average

by Arthur Hill

The monthly chart below shows the S&P 500 holding its 12-month moving average throughout long-term moves over the last 9 years. A decisive close above or below this 12-month moving average has been indicative of a long-term trend change, which occurred last month... Read More 

Don't Ignore This Chart!

XLK outperforms SPY in July

by Arthur Hill

Believe it or not, the Technology SPDR (XLK) is outperforming the S&P 500 ETF (SPY) in July... Read More 

Don't Ignore This Chart!

Finance leads the way lower

by Arthur Hill

The PerfChart below shows the percentage change for the nine sector SPDRs over the last five days (last week). Stocks were holding up well until Friday... Read More 

Don't Ignore This Chart!

Cummins forms bearish engulfing near resistance

by Arthur Hill

Cummins Engine came across the bearish engulfing scan as it opened strong and closed weak near resistance. The stock failed in the 74-76 area in April, May and June. July marks the fourth attempt... Read More 

Don't Ignore This Chart!

Euro-SPY connection remains

by Arthur Hill

There was a little delay, but the positive correlation between the Euro the US stocks remains in place. The Euro ETF (FXE) bottomed on June 29 and SPY bottomed two days later. FXE surged in early July and SPY followed the Euro high the second week of July... Read More 

Don't Ignore This Chart!

Selling Pressue in OBV for Apple

by Arthur Hill

The Apple chart shows signs of increased selling pressure with a steady decline in On Balance Volume (OBV) the last 2-3 months. OBV peaked in mid April, formed a lower high in late June and moved to new lows in July... Read More 

Don't Ignore This Chart!

Nasdaq P&F chart shows downtrend

by Arthur Hill

The Nasdaq Point & Figure chart sports a clear downtrend with a bearish resistance line and a downside price objective around 1900. According to this chart, the trend will remain down until there is a break above the bearish resistance line, which is currently around 2345... Read More 

Don't Ignore This Chart!

Fidelity Funds carpet view

by Arthur Hill

Even if you do not invest in Fidelity Funds, the Fidelity Funds Carpet can be used to find outperforming and underperforming groups. Over the last 6 days, bond funds have been lagging and international funds have been leading... Read More 

Don't Ignore This Chart!

Relative strength in XLU

by Arthur Hill

Over the last 10 trading days, the Utilities SPDR (XLU) is the only sector sporting a gain. Utilities show both absolute and relative strength... Read More 

Don't Ignore This Chart!

IWM closes weak and leads lower

by Arthur Hill

The Russell 2000 ETF (IWM) surged above 61 intraday, but gave up sizable gains and closed near 59. The ETF even closed below last week's low. The indicator window shows the IWM:SPY ratio, which compares small-caps to large-caps... Read More 

Don't Ignore This Chart!

SPX declines 9 out of 10 days

by Arthur Hill

The S&P 500 is now down nine of the last 10 days. Notice the nine red candlesticks and the lone black candlestick. In addition, the Commodity Channel Index (CCI) has been oversold since the decline below 1040... Read More 

Don't Ignore This Chart!

China leads lower in 2010

by Arthur Hill

Of the six equity indices shown below, the Shanghai Composite ($SSEC) is the weakest in 2010 with a 27.56% loss (year-to-date). The Nikkei 225 ($NIKK), French CAC 40 ($CAC) and London FTSE ($FTSE) are all down double digits. The S&P 500 is holding up relatively well with a 7... Read More 

Don't Ignore This Chart!

Nasdaq new 52-week lows expanding

by Arthur Hill

New 52-week lows are expanding on the Nasdaq and new 52-week highs are drying up. Net New Highs (new 52-week highs less new 52-week lows) is an easy way to assess the battle for new 52-week extremes... Read More 

Don't Ignore This Chart!

StochRSI turns oversold for SMH

by Arthur Hill

Also known as RSI on steroids, StochRSI is the Stochastic Oscillator applied to RSI values. It becomes overbought and oversold a lot more than both indicators. SMH declined to support in the 25.5-26 area as StochRSI moved below .20 to become oversold... Read More