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Building Materials, Industrial Suppliers and Construction Lead after Sandy

by Arthur Hill

A look at the Dow Jones industry groups shows strength coming from the DJ US Building and Fixtures Index ($DJUSBD), the DJ US Industrial Suppliers Index ($DJUSDS) and the DJ US Heavy Construction Index ($DJUSHV)... Read More 

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Bombardier Triangulates with Expanding Volume

by Arthur Hill

Bombardier (BBD/B.TO) got a big surge in early September and then formed an extended triangle the last six weeks. Upside volume within the triangle is picking up as OBV moves higher in the indicator window. A triangle breakout would signal a continuation of the September surge... Read More 

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TELUS Corp Makes a Breakout Bid

by Arthur Hill

TELUS Corp (T.TO) is showing signs of price strength with a channel breakout in late September and a surge over the last four days. This four day surge reinforces support in the 61-62 area... Read More 

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Three Bearish Engulfings Mark Resistance for ITB

by Arthur Hill

The uptrend in the Home Construction iShares (ITB) is stalling as three bearish engulfing patterns formed in the 26 area. ITB was poised to break resistance with a surge on Thursday, but failed to hold its gains and continued lower on Friday. The Sep-Oct lows mark key support... Read More 

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Nordstrom Tests Support as CCI Plunges

by Arthur Hill

Nordstrom (JWN) surged last week, but gave back these gains with a sharp decline the last six days. JWN is now testing support from the late September low. Momentum abruptly shifted as well... Read More 

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Nasdaq Tests 200-day Moving Average

by Arthur Hill

With a sharp decline the last five weeks, the Nasdaq is poised to test its rising 200-day moving average. The red line is the 200-day and this key average was last tested in early June... Read More 

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Transports Buck the Selling Pressure with Gain

by Arthur Hill

The image below comes from a Major Indices Market Carpet. The Dow Industrials is getting hit hard, but the Dow Transports is holding up rather well thanks for strength in UPS. The Nasdaq 100 ($NDX) is also holding up rather well with gains coming from Yahoo and Virgin Media... Read More 

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A Bearish MACD Crossover for OpenTable

by Arthur Hill

OpenTable (OPEN) shows signs of rolling over as a lower high takes shape and MACD moves below its signal line. Notice that OPEN hit resistance near the 61.80% retracement just above 46... Read More 

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The License Number of the Google Truck

by Chip Anderson

Here's a huge PRO-level chart of the 1-minute price action for Google today: (Be sure to click it once or twice in order to see it at its full size. PRO members can click here to see a live version.) Check out the two tiny test trades that got recorded between 1:30 and 1:45... Read More 

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Big Red Boxes Fill the Market-Cap Sector Carpet

by Arthur Hill

Now wonder the Technology SPDR (XLK) is getting slammed. The image below shows the technology sector in market capitalization mode on the Sector Carpet. Three of the biggest boxes are red. Google (1) is down the most, Apple (2) is down almost 2% and IBM (3) is down almost 3%... Read More 

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SCTR Surges for First Solar and Dean Foods

by Arthur Hill

Chartists can use the StockCharts Technical Rank (SCTR) table on an intraday basis to find stocks making big moves. A sort of the "change" column shows First Solar and Dean Foods improving the most in early trading... Read More 

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Sector Carpet Shows All Materials Stocks Gaining

by Arthur Hill

The Sector Market Carpet is a great way to find market leaders. Today, the Basic Materials SPDR (XLB) is the strongest sector with the average stock up around 1.9%. Drilling down into the sector shows all 30 components moving higher. Alcoa (AA) has the smallest gain (... Read More 

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Spanish IBEX Hits Resistance in the Middle of Triangle

by Arthur Hill

The Spain Bolsa de Madrid IBEX 35 Index ($IBEX) surged from mid July to mid September and turned back the last three weeks. Despite a 30% bounce off the lows, the index is still in a bigger downtrend and resistance is nigh... Read More 

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December Corn Makes a Break For It

by Arthur Hill

Corn surged during the summer drought news and then corrected as summer drew to a close. This correction appears to be ending as December Corn ($CZ12) broke channel resistance and the Percent Price Oscillator (PPO) turned up. This week's low now marks key support at 725... Read More 

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Sector PerfChart Shows Why the S&P 500 is so Mixed Up

by Arthur Hill

The Sector PerfChart shows the Finance SPDR (XLF) leading the S&P 500 since September and the Technology SPDR (XLK) lagging the S&P 500. These two sectors are by far the biggest sectors in the index... Read More 

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Finance Sector Shows Some Green on the Market Carpet

by Arthur Hill

The Sector Market Carpet is mostly red on Wednesday, but there are some pockets of strength. Overall, the finance is holding up the best and the energy sector is faring the worst. The consumer discretionary and materials sectors also show red and relative weakness on Wednesday... Read More 

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Russell 2000 Tests 50-day SMA

by Arthur Hill

The Russell 2000 ($RUT) is leading the market lower and closing in on its rising 50-day simple moving average. Broken resistance from the May-August highs also marks potential support in the 820-830 area. Small-caps ($RUT) are leading the market lower since mid September... Read More 

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FirstTrust Internet ETF Hits Resistance from Shooting Star

by Arthur Hill

The FirstTrust Internet ETF (FDN) peaked in mid September with a shooting star candlestick. After dipping below 37.50, the ETF bounced back to this peak and formed a bearish engulfing last week. These two affirm resistance at 39... Read More 

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QQQ Turns Into Underperformer

by Arthur Hill

The Nasdaq 100 ETF (QQQ) is up since late August, but the price relative is down. The price relative is the QQQ:SPY ratio, which measures relative performance. This ratio peaked in late August and moved sharply lower the last 5-6 weeks... Read More 

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Finance and Energy Sectors See Green on Market Carpet

by Arthur Hill

The Sector Market Carpet shows the Energy SPDR (XLE) and the Finance SPDR (XLF) with the most green. The average energy stock is up 1.6% and the average finance stock is up 1.1%. XLE is getting an oversold bounce after Wednesday's decline... Read More 

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Apple Forms Doji at 50-day SMA

by Arthur Hill

After hitting a new high above 700 in mid September, Apple (AAPL) gapped down and declined to around 660. Three items mark support in this area. The early September low, the 38.2% retracement and the rising 50-day moving average... Read More 

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Agribusiness ETF Surges and Breaks Flag Resistance

by Arthur Hill

The Agribusiness ETF (MOO) surged over the last three days and broke falling flag resistance. The flag breakout is bullish as long as it holds. Broken resistance and the June trend line mark support at 50.50... Read More