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California Amplifier (CAMP) Retests Key Support Zone

by Tom Bowley

A little more than a week ago, CAMP broke trendline resistance after posting better than expected earnings results. CAMP's top line was $69.2 mil (actual) vs. $68.0 (estimate), while its bottom line also beat Wall Street estimates, $.29 vs. $.25... Read More 

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Three Key Groups Lagging in April

by Arthur Hill

The S&P 500 remains in an uptrend and hit a new high on Monday, but some key groups are showing signs of selling pressure in April... Read More 

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High Yield Corporate Bonds (HYG) Break Out

by Greg Schnell

The High Yield Corporate Bonds ETF (HYG) has broken out above a 8 month consolidation. When the price is rising on a "High Yield" corporate bond fund, it is considered to be that investors are willing to accept more risk... Read More 

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Johnson Controls (JCI) Breaks Above a 1 Year Consolidation

by Greg Schnell

Johnson Controls reported earnings this morning but the chart was already breaking out to new highs last week. As part of the Cyclicals sector this is a very promising break out. This one year consolidation makes it very interesting... Read More 

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Home Construction iShares (ITB) Hit Critical Support

by Tom Bowley

At 10am EST this morning, March new home sales were released and they fell well short of expectations... Read More 

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Techs Lead and Staples Lag on Market Carpet

by Arthur Hill

The image below shows the Sector MarketCarpet at "sector" level, which means we are seeing solid boxes for each of the nine sectors. There is a table on the left that ranks sector performance and this MarketCarpet shows performance for the current week (so far)... Read More 

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Activision Flies the Flag at Half-Mast

by Arthur Hill

Activision Blizzard (ATVI) sports a bullish continuation pattern and improving momentum. The stock gapped up in mid January and broke out in early February. ATVI was overbought after a 25% surge and worked off these overbought conditions with an extended flag... Read More 

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Apple Gets a Volatility Squeeze

by Arthur Hill

Trading in Apple has turned dull over the last six weeks as the stock moves in a tightening consolidation. The volatility contraction can be seen by the Bollinger Bands, which contracted to their narrowest since October. Notice that BandWidth moved below 5%... Read More 

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Salesforce.com Winds up for the Pitch

by Arthur Hill

After surging to new highs in February, Salesforce.com moved into a consolidation as volatility contracted. Notice that the Bollinger Bands narrowed over the last few weeks the BandWidth moved to its lowest level since mid October... Read More 

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Netflix (NFLX) Impresses With Blowout Earnings

by Tom Bowley

After the close on Wednesday, Netflix (NFLX) topped revenue and earnings expectations and promptly rose to all-time highs. NFLX had been consolidating in bullish sideways fashion for over one year following its prior uptrend... Read More 

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Small Caps Print Bearish Shooting Star Doji

by Tom Bowley

On Monday, the Russell 2000 ($RUT) was breaking out to an all-time high intraday. Unfortunately, it wasn't confirmed on the close as this benchmark of small cap stocks reversed late in the day... Read More 

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Techs and Large-Caps Take the Lead in April

by Arthur Hill

The performance pecking order changed in April as large-caps and techs moved from under performers to out performers. Even though small-caps and mid-caps are underperforming so far in April, they are still outperforming on a longer timeframe (since early February)... Read More 

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Baidu Plays Catch Up with an Island Reversal

by Arthur Hill

Julius de Kempenaer noted the surge in Chinese stocks in his most recent RRG post and Tom Bowley noted the breakout in SouFun in a blog post on Wednesday. I will add a third China-related post to the mix by pointing out Baidu... Read More 

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SouFun Holdings (SFUN) Soaring With China Rally

by Tom Bowley

SFUN serves as a real estate internet portal in the Peoples Republic of China and is rallying strongly today on the heels of overall strength in most Chinese shares. Technically, the downtrend in SFUN has been reversed on a series of positive technical developments... Read More 

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Lazard Leaves MS and GS in the Dust

by Arthur Hill

Lazard (LAZ) has left Goldman Sachs (GS) and Morgan Stanley (MS) in the dust by outperforming these two behemoths since early February. The SharpChart below shows year-to-date performance for these three stocks and the Finance SPDR (XLF)... Read More 

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Weakening Dollar Providing Short-Term Opportunity In Oil

by Tom Bowley

FMC Technologies (FTI) provides technology solutions for the energy sector. Much of the energy space has struggled for the last several months for a number of reasons, one of which has been the higher dollar... Read More 

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The Sun Starts Shining on Suncor

by Greg Schnell

Suncor is Canada's largest energy company. It is an integrated oil company meaning it has both (Upstream) Exploration & Production as well as (Downstream) gasoline refining and marketing. Suncor markets the fuel through the Petro-Canada brand in Canada... Read More 

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10-yr Yields, the Hockey Stick and the Dollar

by Arthur Hill

The Dollar Index has been on a tear the last four months as the spread between the 10-YR Treasury Yield ($UST10Y) and German 10-YR Bund Yield ($DET10Y) widened to historic levels. The chart below shows 10-yr yields for four countries in the top window... Read More 

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XLY Breadth Indicator Forms Bearish Divergence

by Arthur Hill

The Consumer Discretionary SPDR (XLY) is perhaps the single most important sector in the stock market because it is the most economically sensitive sector. Industry groups in this sector include retail, restaurants, autos, media and home construction... Read More