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The EURO And GOLD Dance The Tango In January

by Greg Schnell

Well, a shaky January comes to a close. The discussion of deflation and commodities is front and centre. Check out this Euro and GLD chart. Look at how closely they correlate in January. You can see the correlation down below is very strong... Read More 

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Canada Bucks the Trend as TSX Gains in January (video)

by Arthur Hill

It has been a rough year for global equity markets, but the S&P/TSX Composite ($TSX) is bucking the trend with a small gain year-to-date... Read More 

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UPS Makes Oversold with Improving RSI Scan

by Arthur Hill

After a sharp decline the last three days, the stock market was oversold and ripe for a bounce. Looking through the predefined scans page, chartists can find a great scan for this situation, such as the "oversold with an improving RSI" scan... Read More 

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A Major Bullish Reversal Pattern Takes Shape in TLT

by Arthur Hill

The 20+ YR T-Bond ETF (TLT), which is one of the best performing ETFs this year, is challenging its October high after a 5+ percent advance this year. The double bottom lows are around 101 and resistance is set at 108... Read More 

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$LUMBER Starts To Slumber

by Greg Schnell

$LUMBER has been a great story for the last 5 years. However, the roller coaster has been difficult for investors to watch. It's been a traders market. This week, we got a signal on the $LUMBER chart... Read More 

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$TRAN Drops To Center Of Channel

by Greg Schnell

The Transport Index is very interesting here. The divergence showing on the right hand side marked in blue looks very negative. But on the slope of the transport index, this might just mean a move to the bottom of the channel... Read More 

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The Hang Seng Gaps Below Support At 22500 For The 4th Time

by Greg Schnell

Recently, the Hang Seng has been building a broadening top formation. We'll call it a Head/Shoulders pattern. Note the loss of the 200 DMA again. What is more interesting are the lines on the chart. Those lines have been there for years... Read More 

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Utilities Sector Benefits as Market Turns Defensive

by Arthur Hill

The Sector Carpet is mostly red on Monday, but pockets of green can be seen within the utilities sector as money moves into this defensive area of the market. Pepco Holdings (POM) is leading the group with a 1.5% gain... Read More 

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$NIKK Looks Wobbly Here

by Greg Schnell

One of the important technical advantages that a technician can use to prevent losses is by studying how parabolic moves fail. Here is a long term chart of the $NIKK in Japan... Read More 

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Gold and Treasuries Take Top Honors in 2014 (video)

by Arthur Hill

The stock market finished strong in 2013, but has not been able to gain much traction in 2014. Instead, money has moved into the Gold SPDR (GLD) and the 20+ YR T-Bond ETF (TLT). The intermarket PerfChart shows TLT and GLD with 4+ percent gains year-to-date... Read More 

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A Breakaway Gap and Key Break for JP Morgan

by Arthur Hill

JP Morgan (JPM) is leading the finance sector lower on Thursday with a gap and support break. This gap should be considered a breakaway gap as long as it remains unfilled. The indicator window shows the MACD Histogram moving to its lowest level in over four months... Read More 

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A Rare Bearish Candlestick Pattern Takes Shape in Chipotle (video)

by Arthur Hill

Momentum darling Chipotle (CMG) has come under selling pressure with eight filled candlesticks in a row. A filled, or black, candlestick forms when the close is below the open, which indicates selling pressure after each open... Read More 

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European Auto Makers Lead Group Higher

by Arthur Hill

The PerfChart below shows three month performance for seven auto stocks, six of which feature in the Global Auto ETF (CARZ). Notice that Fiat, VW and Damlier have the biggest gains... Read More 

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NLR - Nuclear Makes A January Jump

by Greg Schnell

Seasonality is always an interesting part of TA. Look at this trend in NLR. One of the interesting patterns in this chart is the strong January every year... Read More 

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EA Surges with Breakaway Gap on Big Volume $EA

by Arthur Hill

Electronic Arts (EA) came to life with its second bounce off support and a breakaway gap. This gap occurred on high volume and the stock broke above the late December high. Friday's move put EA into positive territory for the year... Read More 

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Market Summary Shows Strength in Commodity ETFs

by Arthur Hill

As its name suggests, the Market Summary provides an excellent overview of the financial markets in one page. There are nine tables representing nine different groups... Read More 

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Steel ETF Forms Piercing Pattern at Key Level

by Arthur Hill

The Steel ETF (SLX) is perking up after a pullback to support. First, notice how broken resistance in the 46.5-47 area turned into support and held in November and December... Read More 

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Black Gold Snaps A Trend Line

by Greg Schnell

This compelling point in time on the $BRENT chart makes it very worthy of the 'Don't Ignore This Chart' blog. Starting at the top, the RSI is still staying under 65 which we would associate with a bear market pattern... Read More 

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F5, Juniper and Apple Buck the Selling Pressure

by Arthur Hill

The Sector Market Carpet showed a lot of red on Monday, but there were a few green squares within the tech sector. In fact, a couple of networking stocks led as F5 Networks (FFIV) and Juniper (JNPR) scored big gains... Read More 

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TAN Tries To Break Previous Highs

by Greg Schnell

The solar industry has had a ray of sunlight shining on it all year. TAN and KWT were two huge performing ETFs in the space. There are a few points on this chart that make it very timely. We are trying to break out to new highs currently... Read More 

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Only Two of the Nine Sector SPDRs are up Year-to-date

by Arthur Hill

Stocks are off to a rough start in 2014 with seven of the nine sectors SPDRs under water. The Energy SPDR (XLE), Materials SPDR (XLB) and Consumer Staples SPDR (XLP) are leading the way lower... Read More 

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Airlines Lead Market, but Shooting Stars Could be Forming

by Arthur Hill

Stocks were under mild selling pressure early Thursday, but airlines bucked the trend with good gains and fresh highs. A look at the predefined scans page shows several airlines and two airline-related stocks making the 52-week high list today... Read More 

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A Bearish Continiation Pattern Triggers for the Oil&Gas Equip&Services SPDR

by Arthur Hill

Weakness in oil continues to weigh on the Oil & Gas Equip & Services SPDR (XES) as the ETF broke flag support. The chart below shows XES hitting resistance at the 50% retracement and breaking flag support over the last three days... Read More 

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Retail SPDR Lags as SCTR Breaks Down

by Arthur Hill

The S&P 500 hit a new high in late December, but the Retail SPDR (XRT) fell short of its prior high and could be forming a lower high, which is the first step to a downtrend. The June trend line and December low mark key support in the 84-84.5 area... Read More 

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Two Key Moving Averages Define the Trend for the Coal ETF

by Arthur Hill

The Coal ETF (KOL) got a summer bounce, but stalled in the autumn and then hit resistance from the falling 200-day moving average. The 50-day moving average joined the battle as it met the 200-day at the end of December... Read More 

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Gold Miners ETF Challenges First Resistance

by Arthur Hill

The Gold Miners ETF (GDX) remains in a downtrend overall, but the ETF is showing signs of life with a resistance challenge to start the year. Resistance in the 22-23 area stems from broken support, the August trend line and the early December high... Read More 

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A Double Wedge Break For Bank of America

by Arthur Hill

Bank of America (BAC) is starting the New Year with a breakout on the price chart and surge in the StockCharts Technical Rank (SCTR). The SCTR is up over 15 points and back above 70, which made it easy to spot on the SCTR table when sorted by change... Read More