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Finance Leads Lower in May - Utilities Hold Up Best

by Arthur Hill

The S&P Sector PerfChart shows the percentage change for the nine sector SPDRs and the S&P 500 for the month of May. Eight of nine sectors are down with finance leading the day (down around 10%)... Read More 

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Dean Foods (DF) is Really Milking It Right Now

by Chip Anderson

Has anyone else noticed how well Dean Foods (DF) has been doing recently? DF has had a top SCTR score for a while now and it continues to move higher. Don't forget to check the SCTR pages frequently to find similarly strong stocks... Read More 

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Columbia Sportswear Forms Bearish Engulfing Near Resistance Zone

by Arthur Hill

After a rise the last three weeks, COLM hit a pocket of selling pressure and formed a bearish engulfing just below its April highs. This pattern formed even as the S&P 500 closed higher. Also notice that downside volume has consistently outpaced upside volume since late April... Read More 

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Alcoa Gaps Off Support

by Arthur Hill

After returning all the way to the December lows in May, Alcoa (AA) firmed last week and started this week with a gap higher. There is some support here, but the trend since early February is down and this gap is on low volume (so far)... Read More 

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Dollar and Treasuries Lead as Gold and Oil Lag

by Arthur Hill

This chart cover the recent shift to risk-off. The US Dollar Index ($USD) and the 30-Year US Treasury ($USB) are leading over the last six months as both trade near six month highs. Spot Gold ($GOLD) and Spot Light Crude ($WTIC) are lagging as both trade near six month lows... Read More 

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Airline Index Leads Industry Groups with Big Move

by Arthur Hill

The image below shows the Market Summary Market Carpet zoomed in on the industry groups. (Note: click the heading to zoom in on a ground). Right away the Amex Airline Index ($XAL) stands out with a dark green square. This means it is leading with the biggest gains... Read More 

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Gold SPDR Fails To Hold Gains and Challenges Support

by Arthur Hill

The Gold SPDR (GLD) gave back last week's gain with a sharp decline the last three days and is on the verge of breaking support. The next support zone resides in the 135-138 area... Read More 

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AT&T, Disney, Pfizer, Wal-mart and Verizon Show Relative Strength within the Dow

by Arthur Hill

A review of the CandleGlance charts for the thirty Dow stocks shows only five components trading above their 20-day and 50-day moving averages: AT&T, Disney, Pfizer, Wal-mart and Verizon... Read More 

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Apple Forms Spinning Top on High Volume

by Arthur Hill

Apple suffered its biggest six week decline since 2008, but signs of firmness emerged as the stock formed a spinning top at the end of last week. Spinning tops represent indecision that can sometimes foreshadow a reversal. Also note that this candlestick formed with high volume... Read More 

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30-year Treasury Yield Breaks Wedge Support

by Arthur Hill

The 30-year Treasury Yield ($TYX) broke down with a sharp decline the last few weeks. This puts the yield near its 2011 lows and within striking distance of its 2008 lows, scene of the last crisis and flight to safety... Read More 

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Gold and Treasuries Reverse Negative Correlation with Joint Surge

by Arthur Hill

The Gold SPDR (GLD) and the 20+ Year T-Bond ETF (TLT) have been negatively this month. Notice how TLT advanced from 116 to 123.5 and GLD declined from 161 to 150 the prior 11 days. This negative correlation changed today as both surged higher... Read More 

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May-hem in the Markets with all Sectors Lower this Month

by Arthur Hill

May has been nothing but mayhem for the market as all nine sectors moved lower. The PerfChart below shows the percentage change since May 1st. Over the last 11 trading days, the Finance SPDR (XLF), Energy SPDR (XLE) and Basic Materials SPDR (XLB) are leading the market lower... Read More 

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A Bollinger Band Squeeze for Google

by Arthur Hill

After a big decline in April, Google ($GOOG) consolidated the last few weeks and the Bollinger Bands narrowed significantly. This could be called a Bollinger Band squeeze or volatility squeeze. The next directional signal depends on the band break... Read More 

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Activision Gaps up on Big Volume $ATVI

by Arthur Hill

Stocks were under pressure the last three days, but ATVI bucked the trend with an advance and gap on high volume. This gap off support is bullish as long as it holds. Resistance at 13 marks the next challenge... Read More 

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Consumer staples stock Heinz Hits 52-week High with Breakout $HNZ

by Arthur Hill

The Consumer Staples SPDR (XLP) remains one of the strongest sectors and Heinze is part of that strength with an ascending triangle breakout. With a surge the last two weeks, the stock broke above its January-February highs and entered uncharted territory... Read More 

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May Starts out as a Big Risk Off Month for Intemarket PerfChart

by Arthur Hill

The PerfChart below shows the percentage change for seven intermarket ETFs. The three risk assets (stocks, oil, euro) are down, while the three safe havens are up (dollar, treasuries). Gold is going against the Dollar and along with the stock market... Read More 

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Most Active Lists Show Mixed Market on Monday with Some Bullish Candlestick Patterns

by Arthur Hill

Even though stocks opened lower on Monday, market action quickly turned mixed, as evidenced on the most active tables for the Nasdaq and NYSE. Chartists can see the intraday action by clicking the CandleGlance links... Read More 

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Sector Carpet Shows a Sea of Red and a Few Stocks Bucking the Trend

by Arthur Hill

Stocks were down sharply in early trading on Friday with the energy sector showing the most red in the Sector Carpet. There are, however, usually a few stocks bucking the trend and these can be found by looking for the isolated patches of green... Read More 

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Rising Wedge Threatens Island Reversal in the Basic Materials SPDR

by Arthur Hill

The Basic Materials SPDR (XLB) reversed higher last week with an island reversal, but stalled over the last 4-5 days and a rising wedge is taking shape. For now, the gap and island reversal dominate the chart. A move below 36 would fill this gap and break the wedge trendline... Read More 

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FirstTrust Internet ETF Gaps above Wedge Resistance

by Arthur Hill

The FirstTrust Internet ETF (FDN) broke out with a gap last week and that gap is holding. Mind that gap! The gap is bullish as long as it holds... Read More 

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Home Construction iShares Hits 52-week High and Components Follow Suit

by Arthur Hill

The Home Construction iShares (ITB) is leading the market higher again with a fresh 52-week high this week. The chart below also shows the Price Relative (ITB:SPY ratio) hitting a new high. Below this chart is a snapshot from today's new high list... Read More