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RYDEX Bears Stay In Hibernation

by Greg Schnell

Technical Analysis includes a wide range of indicators. Finding the final peak or valley on a chart is always difficult. When something seems extreme, it can always be more extreme. A good example of unanimous extremes is a mid year look is the Rydex sentiment... Read More 

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Michael Kors Weighs on Retailers with Break Down

by Arthur Hill

Michael Kors (KORS) led the market in February with a massive gap and new high, but the stock has fallen on hard time in June with a trend line break and relative breakdown. On the price chart, KORS broke the internal trend line and support zone with a sharp decline below 90... Read More 

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Traders are Developing a Sweet Tooth for this ETF

by Arthur Hill

Spot Sugar ($SUGAR) has been in a downtrend for years, but this commodity may be turning the corner with a higher low and falling wedge. The chart below shows the Sugar ETN (SGG) surging in February and then correcting with a falling wedge the last 3-4 months... Read More 

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CBS and FB Lead Most Actives, while XRX and PWB Show Big Relative Moves

by Arthur Hill

Chartists can find stocks and ETFs on the move using the six tables in the middle of the home page. The image below shows four of these tables: most active Nasdaq and NYSE stocks, large-cap SCTR movers and SCTR movers for ETFs... Read More 

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Sector MarketCarpet Turns Mostly Red, but Two Sectors Stay Green

by Arthur Hill

The MarketCarpet for the nine S&P sectors turned mostly red on Tuesday with seven sectors down and just two up. Utilities and healthCare were the only two holding on to their gains in the late afternoon. Notice that energy is the darkest red... Read More 

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Tibco Establishes Support with Rare Red Hollow Candle

by Arthur Hill

Tibco Software (TIBX) has been all over the place the last five weeks. The stock gapped up in late May, gapped down in early June, bounced to 21 and then gapped down again last Friday. Despite all this volatility, the stock may be at support now... Read More 

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IBM Drifts Back To The 40 WMA

by Greg Schnell

IBM Corporation (IBM) has been struggling over the last 2 years, but IBM surged off the February 5th, 2014 lows and kept climbing till April 1. 2014. The technicals are really poor. IBM is starting to look like a better short than long... Read More 

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A Dark Cloud Forms Over Paychex

by Arthur Hill

Paychex (PAYX) is having all kinds of problems breaking through resistance in the 41.7 area. A bearish engulfing is taking shape today and this is the third bearish candlestick reversal pattern in six weeks. The late May and early June lows mark support in the 40.2-40... Read More 

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Utility Stocks Show Big Relative Gains on SCTR Table

by Arthur Hill

The utilities sector is on fire Wednesday with several stocks sporting big gains in their StockCharts Technical Rank (SCTR). Northeast Utilities (NU), DTE Energy (DTE) and AES Corp (AES) have double digit gains in their SCTR... Read More 

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Finance Sector Lights up the MarketCarpet

by Arthur Hill

The Sector MarketCarpet shows the Finance SPDR (XLF) catching the strongest bid because it is the darkest green. The Utilities SPDR (XLU) is the weakest with an average loss of .36%. Hover over the carpet and right click to see formatting options... Read More 

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Chemtura Hits Rising Three Methods Scan

by Arthur Hill

The Rising Three Methods candlestick pattern is a bullish continuation pattern with four candlesticks: a long white candlestick, three candlesticks with small bodies and a long white candlestick that signals a continuation higher... Read More 

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Spot Light Crude Surges Through Resistance

by Arthur Hill

Tensions in Iraq put a big bid into Spot Light Crude ($WTIC) as this key commodity broke above its March-May highs. Overall, crude formed an ascending triangle over the last few months and today's breakout signals a continuation of the January-February surge... Read More 

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The Noose Tightens on NutriSystem

by Arthur Hill

Nutrisystem (NTRI) broke out with a big gap-surge in early May and then consolidated with a triangle. The gap and breakout are largely holding as volatility contracts. Notice how the Bollinger Bands narrowed and volume dried up over the last few weeks... Read More 

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Facebook Forgets To Follow Friends

by Greg Schnell

Recently Facebook (FB) has gone sideways. Unfortunately, the rest of the market has gone higher. This gap between Facebook and its peers is becoming more and more noticeable. The SCTR ranking is still very high. The S&P 500 ($SPX) relative strength is dipping in June... Read More 

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Galena Biopharma Turns Higher

by Greg Schnell

Galena Pharmaceuticals (GALE) is an interesting chart right here. The Relative strength in purple compared to the $SPX has not broken out yet, but everything else is looking very interesting... Read More 

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Western Digital Breaks Out Of Consolidation Range On High Volume

by Greg Schnell

Western Digital (WDC) has been a stellar performer for years. During the recent pullback on high momentum stocks, Western Digital was painted with the same brush and suffered a big pullback to the bottom of a consolidation area built over the last 5 months... Read More 

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IWM Breaks Bearish Resistance Line on P&F Chart

by Arthur Hill

The P&F chart below shows the Russell 2000 ETF (IWM) with 30-cent boxes to capture the medium-term trend. Notice that this chart extends back to January, which is marked by the red numeral 1 in the first column... Read More 

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Dow Hits New High without Big Blue

by Arthur Hill

The Dow Industrials hit another new high this week, but IBM did not help the cause and remains well below its mid April high. This means IBM shows relative weakness, which is confirmed by the StockCharts Technical Rank (SCTR)... Read More 

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Dollar Tree Holds the Breakaway Gap

by Arthur Hill

The Dollar Tree chart shows two breakaway gaps in opposite directions. The first breakaway gap occurred in November and started a downtrend. The second breakaway gap occurred in late May and held for over a week... Read More 

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Gannet Leads Large-caps SCTR Gainers with a Big Gap

by Arthur Hill

Looking for relative performance leaders? Look no further than the StockCharts home page and the top SCTR movers. The StockCharts Technical Rank (SCTR) tables can be found on the home page near the bottom... Read More