Don't Ignore This Chart!

November 2014

Don't Ignore This Chart!

XME Fails at Resistance and Lags Market

by Arthur Hill

The Metals & Mining SPDR (XME) got a bounce with the stock market in the second half of October, but struggled in November with a trading range between 34 and 36.5. This struggle turned to weakness as the ETF gapped down on Friday and fell sharply... Read More 

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The Canadian Energy Market Shows The OPEC Fallout

by Greg Schnell

This intraday chart shows the drop on the OPEC announcement. With crude oil down hard into the high $70 level ($70... Read More 

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The Noose Narrows on the Oil & Gas Equip & Services SPDR

by Arthur Hill

Oil remains weak overall and so do the energy related ETFs (XLE, XOP, XES). The chart below shows the Oil & Gas Equip & Services SPDR (XES) hitting a new low in October and then consolidating with a triangle... Read More 

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The Rails Keep Rolling

by Greg Schnell

After pulling back in October, all the rails have gone on a major rally from the lows. Canadian National Railway (CNI) is one of the most efficient railways. This particular stock is returning back to some of the highest closes in September before it pulled back... Read More 

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Fastenal Follows Through on Big Island Reversal

by Arthur Hill

Fastenal continues to improve on the chart with two bullish patterns and signs of accumulation. First, a big island reversal formed at the stock gapped below 43.5 in early October and gapped back above this level in late October... Read More 

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Three of Five Offensive Sectors Lead within Small Caps

by Arthur Hill

The PerfChart below shows the nine small-cap sector ETFs and the Russell 2000 iShares (IWM). Notice that the SmallCap Consumer Discretionary ETF (PSCD) and the SmallCap Technology ETF (PSCT) led over the last five days with bigger gains... Read More 

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Alcoa (AA) Gaps Out To New Highs

by Greg Schnell

Alcoa (AA) has been a strong stock on the run for a while. Recently it consolidated for the last 150 days. This morning Alcoa pushed to new highs suggesting the consolidation is over. The powerful gap out of the consolidation is nice to see on a very liquid stock... Read More 

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Big Blue Stays Red on the Relative Rotation Graph

by Arthur Hill

The S&P 500 is up over 7% the last five weeks, but IBM is down and flirting with new lows. The chart below shows the Relative Rotation Graph (RRG) with all thirty Dow stocks... Read More 

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Natural Gas and Coffee Lead ETF SCTRs with Big Moves

by Arthur Hill

There is a little gem in the middle of the home page that shows the biggest moves for the StockCharts Technical Rank (SCTR). Clicking "Top Up" will show the biggest relative performance gainers, while clicking "Top Down" will show the biggest relative performance losers... Read More 

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Potash Paints A Big Breakout Candle

by Greg Schnell

Potash Corp (POT) has made a huge bull candle today. We could understate it as just a trend line breakout. The whole Potash group jumped today so it does not appear to be company specific. This chart has such nice technicals. MACD moving positive today... Read More 

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One Stock in the Energy Sector Hit a New High This Month

by Arthur Hill

The Energy SPDR (XLE) is by far the weakest sector in the market right now. Most of its 43 components are in downtrends and well below the summer-autumn highs. One stock, however, stands out from this crowd... Read More 

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Two All Beef Patties, Special Sauce, Let Us See... (MCD)

by Greg Schnell

You know you are old when you can recite a 14 word tag line twenty years later. McDonald's (MCD) popped up on the radar today as the dining stocks have really ramped up lately... Read More 

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The 20+ YR T-Bond ETF Gets the Squeeze

by Arthur Hill

The 20+ YR T-Bond ETF (TLT) went ballistic in mid October with a surge above 125 and then sharply reversed with a close below 122 the next day. The ETF has since worked its way lower and volatility has seriously contracted... Read More 

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A BlackBerry Gets Picked

by Greg Schnell

Who thought growing a Blackberry (BBRY) could be so challenging? The new CEO seems to be capable of generating interest by investors in their platform. Here is the chart... Read More 

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Oil Citations and Sector Performance are Revealing

by Arthur Hill

The top chart shows sector performance since the beginning of September. The bottom chart, from factset.com, shows the number of times companies in these sectors cited oil in their earnings calls (from 1-Sep to 6-Nov)... Read More 

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Aroons Cross to Trigger a Signal in Tesla

by Arthur Hill

Tesla (TSLA) gapped down and fell sharply in early October, but ultimately held support from the July low and rising 200-day moving average. The stock moved higher the last four weeks and surged above the September trend line with a 3+ percent gain on Tuesday... Read More 

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Industrials and Healthcare Lead the Big Recovery

by Arthur Hill

The stock market bottomed in mid October and then surged over the last 18 days. Chartists can find the leaders (and laggards) for this period by setting the PerfChart for 18 days. Simply double click the date tab and enter a number... Read More 

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Can Precious Metals Become Precious Again?

by Greg Schnell

Gold ($GOLD) is painting a bullish candle today and surging back above the recent gap down. We have had $20 rallies before, but the exhaustion in this particular move seems complete... Read More 

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Minding the Gap on QQQ

by Arthur Hill

The London Tube is famous for its automated announcements reminding commuters to "mind the gap" between the train and the platform (don't fall in). QQQ has a gap that we should also mind. Notice how the ETF opened above 101 and closed above 101 the last four trading days... Read More 

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New Highs in Key AD Line Affirm Long-term Uptrend

by Arthur Hill

The S&P 500 AD Line ($SPXADP) confirmed the new high in the S&P 500 by hitting a new high of its own. The chart below shows the AD Line holding its early August low in mid October and surging above its early September high on Friday... Read More 

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Utilities Make A Strong Push Off The Lows

by Greg Schnell

After the recent pullback, the overall market has blasted higher. Over the last week, I have noticed some of the strong momentum stocks under performing the $SPX... Read More 

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Predefined Technical Alerts Say it All - Gold, Oil, Dollar, Stocks

by Arthur Hill

Chartists can get a good idea of market conditions just by looking at the predefined technical alerts page. Today's alerts are at the top and users can view past alerts by scrolling down the page... Read More