Don't Ignore This Chart!

September 2014

Don't Ignore This Chart!

The $VIX Still Says Business As Usual

by Greg Schnell

The $VIX chart says its business as usual out there. I have a lot of signals that say the interim top is in. The main signals would be the breadth charts but the $VIX is always considered the fear index... Read More 

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The Smaller They are, the Harder They Fall

by Arthur Hill

September is been rather unkind to mid-caps, small-caps and micro-caps, but large-caps and large-cap techs are holding up ok. The PerfChart below shows the Dow Industrials with a small gain this month, the S&P 500 with a 1% loss and the Nasdaq 100 with a .71% loss... Read More 

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Consumer Cyclicals (XLY) Moves To An Important Decision Point

by Greg Schnell

The Consumer Cyclicals Sector ETF (XLY) is testing a very important level technically this week. The RSI uptrend line is being tested and has been in place since March 2014. The SCTR ranking is very interesting. The SCTR was in the top quartile almost all of 2013... Read More 

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Highest Priced Dow Stock Weighs with a Breakdown

by Arthur Hill

The Dow Jones Industrial Average is a price-weighted average and this means the stocks with the highest prices carry the most weight. Visa (V) is the highest priced Dow stock and it was down around 1.5% at midday, thus weighing on the Dow today... Read More 

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Perrigo Follows Up on Massive Hammer

by Arthur Hill

Perrigo (PRGO), which is part of the healthcare sector, formed a massive hammer in mid September and followed up on this candlestick reversal with a break above the wedge trend line. Also notice that MACD moved above its signal line and turned positive... Read More 

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Amazon Is The 800 Pound Gorilla But It Needs The Next Vine

by Greg Schnell

Amazon. One of the largest, most used, unprofitable companies in the internet space. Almost every fundamental metric has failed to hold the stock in reality. It has had a P/E for years with a negative denominator. Technically, Amazon has been equally as hard... Read More 

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Finding Some Green in a Sea of Red

by Arthur Hill

Stocks are down pretty much across the board on Monday, but there are some pockets of green and chartists can find these stocks using the Sector Market Carpet... Read More 

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Rite Aid Pharmacy Generates Headaches For Shareholders

by Greg Schnell

Rite Aid Pharmacy (RAD) changed its shareholder medication this week. The pharmacy chain moved up 900% in 18 months delivering happiness to the shareholders. That move up topped out in May. Since then, the pharmacy lost almost 50% of the gain... Read More 

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Schwab Leads Broker-Dealer iShares to New High

by Arthur Hill

The Broker-Dealer iShares (IAI) is showing leadership over the last few weeks with a surge above its March highs. Notice that the ETF is up around 10% from its early August low... Read More 

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Would a Russell 2000 Death Cross Really be Bad?

by Arthur Hill

There is a lot of talk of an "impending" death cross for the Russell 2000. This event occurs when the 50-day simple moving average crosses below the 200-day SMA... Read More 

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Energy and Pharma Stocks Lift the Dow

by Arthur Hill

The Dow Industrials is bucking the selling pressure with strength in Chevron, Pfizer, Travellers, Procter & Gamble and Home Depot (among others). Chartists can easily spot the winners and losers on a Market Carpet... Read More 

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$SILVER Sits On Important Support

by Greg Schnell

Silver ($SILVER) collapsed this week to the same level where support has been found before. The $18.61 level is critical for $SILVER. There is a small chance at $18.17 to find support but Silver needs to get up and go from here... Read More 

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The Long Bond ETF (TLT) Changes Character

by Greg Schnell

The long Bond ETF (TLT) has changed its character this week. We can see in Early September, the SCTR fell below the top quartile reading of 75. The Purple trend line on the relatives strength to $SPX has been broken. So both of those are concerning... Read More 

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General Electric Gets a Squeeze

by Arthur Hill

Trading in General Electric (GE) has slowed over the last two weeks and the Bollinger Bands have contracted to their narrowest since early July. The indicator window confirms this volatility contraction as BandWidth dipped below 3 again... Read More 

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SCTR Surges for the Networking iShares

by Arthur Hill

The Networking iShares (IGN) is making a move over the last few weeks and the StockCharts Technical Rank (SCTR) surged above 50 this week. The chart shows IGN with a big triangle forming since March... Read More 

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Nike (NKE) Makes A Move

by Greg Schnell

The battle for sports jerseys is always a big deal. Its an even bigger deal with the World Cup in 2014. Nike (NKE) is interesting because the stock was relatively static leading into the World Cup in Brazil. Now it has broken above a 10 month consolidation with average volume... Read More 

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Spot Silver Forms Large Continuation Pattern

by Arthur Hill

The chart below shows Spot Silver ($SILVER) consolidating after a sharp decline. Notice that the metal fell from 35 to 19 and then traded flat from June 2013 until now. With lower highs taking shape, a descending triangle has formed and this is a bearish continuation pattern... Read More 

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Technical Ranks Jump for Southern Peru Copper and the Base Metals ETF

by Arthur Hill

StockCharts users can find the market movers and shakers by checking the SCTR tables on our home page. Click the top up or top down tabs to see securities that show the biggest gains or losses in relative strength... Read More 

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Starbucks Shows Relative and Absolute Weakness

by Arthur Hill

The S&P 500 is up around over 4 percent the last four weeks, but Starbucks is underperforming and is barely positive over the same timeframe. In fact, SBUX is well below its July high and recently broke wedge support... Read More 

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Google (GOOGL) Holds Its Own

by Greg Schnell

Google (GOOGL) has been holding a PnF support trend above the normal PnF major support trend. Google is currently on a sell signal because it has made a lower low than the $580 level. Since breaking below $580, Google has bounced back up and back down... Read More