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BIOF Has Some Volume Fuel In This Move

by Greg Schnell

The ticker cloud on the home page had a new name on it today. BIOF was highlighted, so I clicked through. This stock really started to move a few weeks ago and look at the volume come piling in week after week... Read More 

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Utilities Lead on Equal-Weight Sector PerfChart

by Arthur Hill

The Equal-weight Utilities ETF (RYU) is the best performing sector year-to-date with an 8% gain. The Equal-Weight Consumer Discretionary ETF (RCD) is the only sector in the red with a 2.23% loss... Read More 

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100 Hammers Hit the Pre-defined Scans Page

by Arthur Hill

Chartists looking for specific candlestick reversal patterns should check out the predefined scans page, which is updated intraday and end-of-day. Thursday's end-of-day results show a surge in the number of hammers (from 42 to 100 for a +58 gain)... Read More 

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Google and LinkedIn Try to Hammer Out Short-Term Bottoms

by Arthur Hill

Google, LinkedIn and other momentum stocks fell sharply this month and became short-term oversold this week. Signs of a short-term low are emerging early Thursday as Google (GOOG) and LinkedIn (LNKD) trace out hammer patterns... Read More 

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Is Apple AAPL The New Walmart WMT?

by Greg Schnell

Apple was loved for growth earlier in the decade but it looks like it is now loved for cash flow. Recently WMT made a move above its 200 DMA and AAPL also started moving. That was intriguing... Read More 

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Cree Breaks Down with Expanding Volume CREE

by Arthur Hill

After lagging the market and the semiconductor group this year, CREE finally succumbed to selling pressure with a triangle break the last few days. Note that the S&P 500 SPDR and Semiconductor SPDR hit new highs in March, but CREE fell well short of its January high... Read More 

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GMCR - Is The Coffee Break Over?

by Greg Schnell

GMCR recently signed a partnership with Coca Cola. The stock absolutely rocked higher. It pulled back, I posted the chart with the green arrow, showing the climb out of the valley. Well, here we are a few days later. The MACD failed to give us a positive cross... Read More 

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Will Divergent Make The LGF Stock Roar Like A Lion

by Greg Schnell

Lions Gate Entertainment LGF released Divergent as the first in a 3 part trilogy with Insurgent and Allegiant yet to come. The stock was also divergent... Read More 

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Amazon Forms Big Spinning Top at Key Retracement

by Arthur Hill

Amazon (AMZN) remains in a short-term uptrend, but the stock is nearing a potential reversal zone. First, notice that the stock broke down with high volume in late January... Read More 

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The Transports - 1 Out Of 3 Is Not So Bad

by Greg Schnell

I was looking through the charts last night and came across this gem. It is a chart of the Transportation Indexes. I have set the slider to cover off two years of data. I wanted to show the relatively flat trend of all the transports in 2012... Read More 

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US Steel Tops the List of SCTR Movers

by Arthur Hill

US Steel (X) is getting a bounce off support on the price chart and its SCTR is breaking above 50 with a big move. This list below shows eleven S&P 500 stocks with the biggest changes in their StockCharts Technical Rank (SCTR)... Read More 

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GMCR This Coffee Roaster Heats Up

by Greg Schnell

Looking through the ticker cloud today, and noticed some interest showing up on GMCR. After clicking on the chart, I see why. Recently, it gapped up. It pulled back to test support of the gap, and looks to have reversed here... Read More 

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Climactic TRIN Reading

by Erin Swenlin

On a day with plenty of selling, you will often see a downward spike in the TRIN reading. Readings of over 2.0 are frequently followed by a price rebound the following day. Indeed, many of these high readings actually precede price bottoms... Read More 

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Do Currencies, Equities, Bonds and Commodities Use The Same Brush?

by Greg Schnell

When flipping through the charts, sometimes you see a certain sequence of events show up. Obviously the $COMPQ, $RUT, $SPX,$INDU track each other. Sometimes, different components rotate to outperform. Currently that is the case with the $INDU underperforming... Read More 

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Utilities Light up the Sector MarketCarpet

by Arthur Hill

Stocks in the utilities sector stood out on Wednesday. As the Sector MarketCarpet below shows, the utilities sector has the most, and darkest, green of the nine sectors (blue outline). Only one square (ED) was red... Read More 

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Yelp Traces out a Rare Three Black Crows Pattern

by Arthur Hill

Yelp ($YELP) came across the Three Black Crows scan on Tuesday. It all started with a black candlestick three days ago (Friday). The stock then opened above the Friday's close on Monday and sold off to form another black candlestick... Read More 

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The Euro Pushes To A New High

by Greg Schnell

The Euro continues to push higher. It seems to have more momentum currently. The last three breakouts only lasted a week. However, at the last breakout, the $XEU chart spent 4 weeks hovering below resistance. This week we have surged to new highs once again... Read More 

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Identifying Fund Leaders with the Fidelity MarketCarpet (video)

by Arthur Hill

Chartists can identify mutual fund leaders and laggards using the Rydex, Fidelity and Profunds MarketCarpets. Note that these are updated after the market close... Read More 

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Boeing Turns Down Right Dull

by Arthur Hill

Boeing (BA) took a hit in January, rebounded in early February and then moved into a tight consolidation. Volatility has slowed to a crawl as the stock traded between 126 and 131 since February 11th... Read More 

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$WHEAT Weekly Moves Higher To Join The Commodity Surge

by Greg Schnell

In the Market Message last week, I wrote about the fact that all the commodities were doing so well, with the exception of Wheat. Well, what a difference after the situation in Ukraine elevated. Wheat was hanging around a major support/ resistance line at 600... Read More 

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Bank Of America BAC Makes Another Trend Line Breakout

by Greg Schnell

Bank of America has been running since Warren Buffet stepped in at around $5.00. Running up that is. It's pretty nice chart, with excellent support and resistance lines. The SCTR seems to float between 45 and 90... Read More 

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International PerfChart Shows Strength in Developed Markets

by Arthur Hill

The PerfChart below shows the year-to-date performance for ten country indices. Notice that US, European and Australian stocks are up this year. Asia shows some weakness because the Shanghai Composite, Hang Seng Composite and Nikkei 225 are down... Read More 

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ETF Rankings Point To Emerging Market Corporate Bonds Break Out

by Greg Schnell

On days with the potential for major trend changes, I like to look around to see what might be moving that I did not expect. Today, I came across this ETF. It is the Bank of America - Emerging Market Corporate Bond ETF. This is a 52 Week High Break out. Now the volume is tiny... Read More 

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A Rounding Bottom Takes Shape for CORN

by Arthur Hill

The Corn Trust ETF (CORN) sports a rounding bottom and breakout over the last few months. The rounding bottom extends from mid November to the end of February with a big bullish engulfing in the middle... Read More