Don't Ignore This Chart!

Techs and Industrials Light up Sector Carpet

by Arthur Hill

The S&P Sector Carpet is full of green on Friday with the darkest green showing up in the technology and industrials sectors. The average gain in the tech sector is 3.4%, while the average gain in the industrial sector is 3%... Read More 

Don't Ignore This Chart!

Egyptian Stocks Surge after Election

by Arthur Hill

The Egypt Index ETF (EGPT) surged in the lead up to Hosni Mubarak's resignation and then declined as democratic elections were called. The decline ended when uncertainty became certainty and Mohammed Morsi was declared president on 24-June... Read More 

Don't Ignore This Chart!

A Bollinger Band Squeeze for American Eagle

by Arthur Hill

American Eagle Outfitters (AEO) has been stuck in a consolidation since early May. Moreover, notice that this consolidation is narrowing as the Bollinger Bands contract... Read More 

Don't Ignore This Chart!

Finding Green in a Sea of Red

by Arthur Hill

Stocks were down sharply on Monday, but there were a two pockets of strength. The image below was taken from the ETF market summary. Notice that the Commodity Index Fund (DBC) and the Gold Miners ETF (GDX) are positive for the day... Read More 

Don't Ignore This Chart!

Alcoa Traces out Descending Triangle on Point & Figure Chart

by Arthur Hill

Alcoa (AA) is part of the Basic Materials SPDR (XLB) and in a clear downtrend. On the P&F chart (3 x .25), the stock broke to new lows in 2011 and then formed a descending triangle the last nine months. The red A marks October 2011 and the red 6 marks June 2012... Read More 

Don't Ignore This Chart!

Sector Carpet Sees Red after the Fed

by Arthur Hill

The image below comes from the Sector Carpet. First, notice that all sectors are lower. Second, notice that the Basic Materials SPDR (XLB), Energy SPDR (XLE) and Technology SPDR (XLK) have the most red. The Consumer Discretionary SPDR (XLY) is not far behind... Read More 

Don't Ignore This Chart!

CAKE Fails at Resistance as MACD Turns Lower

by Arthur Hill

Cheesecake Factory (CAKE) moved sharply lower at the beginning of June and then rebounded with the market the last few weeks. This rebound, however, is running into resistance from the gap and prior high... Read More 

Don't Ignore This Chart!

A Rough Three Months for Commodities

by Arthur Hill

The PerfChart below shows the three month performance for five commodity indices and the CRB Index ($CRB). All five are down and $CRB is down around 14%. Blame it on energy, which is down over 21%. Precious metals have held up relatively well with a decline less than 4%... Read More 

Don't Ignore This Chart!

Sector Summary Shows Hardware, Internet and Semis Leading

by Arthur Hill

The image below, which stems from the sector summary at StockCharts.com, shows the key industry groups within technology sector. On Monday, computer hardware, internet and semiconductors were leading the way higher... Read More 

Don't Ignore This Chart!

Stocks with Big Gains and Big Prices Lead the Dow Higher

by Arthur Hill

The Dow surged over 150 points on Thursday and broke above its May high. With only 30 stocks, chartists can use the CandleGlance feature at StockCharts.com to find which stocks led the move... Read More 

Don't Ignore This Chart!

S&P MidCap 400 SPDR Forms Falling Flag ahead of Big Weekend

by Arthur Hill

There is a real gut check underway in the stock market. The S&P MidCap 400 SPDR (MDY) surged last week and then corrected the last 5-6 days with a falling flag/wedge... Read More 

Don't Ignore This Chart!

SPY is Stuck Between a Rock and a Hard Place

by Arthur Hill

No wonder the S&P 500 ETF (SPY) cannot make up its mind on direction. The ETF broke key support in mid May and the 50-day moving average turned lower. Combined with Monday's high, these no mark the rock or resistance zone... Read More 

Don't Ignore This Chart!

Bearish Engulfings and Dark Clouds Litter the Pre-defined Scan Page

by Arthur Hill

With a strong open and weak close on Monday, hundreds of stocks and ETFs formed either dark cloud patterns or bearish engulfing patterns. The chart below shows Home Depot (HD) forming a dark cloud near resistance and with the Stochastic Oscillator overbought... Read More 

Don't Ignore This Chart!

German DAX Index Continues to Show Relative Weakness

by Arthur Hill

The German DAX Index peaked around 7200 in mid March and moved below 6000 in early June. That's over 15% in less than three months. Despite looking oversold, there are no signs of a reversl as the index remains below its late May high... Read More 

Don't Ignore This Chart!

Dow Remains above Long Term Bullish Support Line on P&F Chart

by Arthur Hill

Despite a sharp decline in May-June, the Dow Industrials remains above the Bullish Support Line extending up from the October low. The red "A" marks the October column. This line sets support right at 12000... Read More 

Don't Ignore This Chart!

Marking SPY Resistance with Andrews' Pitchfork

by Arthur Hill

SPY is getting a nice oversold bounce with a gap up and Andrews' Pitchfork marks resistance in the 133 area. The pitchfork traces out a falling channel extending down from the April-May highs and the upper line crosses the 133 level next week... Read More 

Don't Ignore This Chart!

Home Builders Turn Dark Green on the Market Carpet

by Arthur Hill

Stocks are rebounded on Tuesday with homebuilders leading the way. The S&P Sector Carpet shows the Lennar (LEN) and Pulte (PHM) leading within the consumer discretionary sector. On the price charts, PHM is bounced off its April low and LEN formed a bullish engulfing pattern... Read More 

Don't Ignore This Chart!

Utilities SPDR Leads and Forms a Bullish Cup-with-Handle Pattern

by Arthur Hill

The Utilities SPDR (XLU) is virtually alone at the top as it trades near a 52-week high. A bullish cup-with-handle is taking shape and a break above resistance would signal a continuation higher... Read More 

Don't Ignore This Chart!

5 and 7 Year Treasury Yields Dropping Like Rocks

by Arthur Hill

The chart below shows five different treasuries yields. Notice that five and seven year yields are falling the fastest as money moves into medium-term treasuries... Read More