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FTSE Hits Fibonacci Cluster Zone and LLoyds Forms Bull Flag

by Arthur Hill

Today's post is for our UK traders because it focuses on the FTSE and three of the biggest banks in the UK. Shares in Europe were sharply lower in early trading on Monday with the German DAX Index ($DAX) and French CAC Index ($CAC) losing around 3%... Read More 

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AMZN Awaiting Next Bullish Breakout

by Tom Bowley

Amazon.com (AMZN) continues to reach for the stars and if the current technical pattern plays out, it'll likely be much closer... Read More 

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These Soles Are On Fire - Footwear Index Continues To Leap

by Greg Schnell

Footwear is one of the best performing industry groups recently. The Dow Jones Footwear Index soared to new highs this week. It was the fifth best group over the last month, and fourth best over the last week... Read More 

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IPG Photonics (IPGP) - Charting Upcoming Triangle Support

by Tom Bowley

IPGP resides in the semiconductor industry and is pulling back with this industry group as June has proven to be a very rough month for this space. I'm expecting that to soon change and IPGP could be a direct beneficiary... Read More 

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A Classic Sector Breadth Oscillator Surges to Highest Level of 2015

by Arthur Hill

StockCharts users have access to the McClellan Oscillators and Summation Indices for the nine sector SDDRs and the major stock indices... Read More 

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Rite Aid (RAD) Continues To Push Against Up Side Resistance

by Greg Schnell

Rite-Aid (RAD) has a very interesting chart formation this week. Recently the stock surged to long term highs. As it continues to battle against the resistance levels, we can see $8.75 seems to be an important area for the stock. It struggled to push above $8.75 in early April... Read More 

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Vertex Goes for a Continuation Break

by Arthur Hill

Vertex (VRTX) is part of the healthcare sector, which is one of the strongest sectors in the market. It is also part of the biotech industry, which is one of the strongest industry groups in the healthcare sector... Read More 

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Does The US Dollar ($USD) Go To The Guillotine?

by Greg Schnell

Well, the US Dollar ($USD) has certainly created some broad moves in the markets throughout last year with a massive thrust out of a trading range mid 2014. We can see it was almost exactly one year ago that the dollar started from its July low... Read More 

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Home Properties (HME) Reverses At Key Support; Fed Decision Spurs REITs

by Tom Bowley

The Federal Reserve on Wednesday suggested the pace on increasing interest rates would be slower than previously thought. There was renewed interest in treasuries and the 10 year treasury yield dropping nearly 10 basis points in the two hours following the Fed policy statement... Read More 

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A Key Gauge to Watch for Signs of Contagion

by Arthur Hill

Many of us remember the financial crisis in 2008 when Lehman collapsed and the credit markets froze. The S&P 500 plunged some 40% and the 20+ YR T-Bond ETF (TLT) surged over 30% in a flight to quality. This was a true financial crisis and the markets reflected this crisis... Read More 

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High Tech Biotech Alkermes (ALKS) Tries To Recover From A Tough Setback

by Greg Schnell

Alkermes (ALKS) appears to be a highly specialized Biotech working on rare conditions to help with managing the effect of the condition. Recently Alkermes (ALKS) took a tumble and the stock dropped from $75 to $55. Can it recover? First of all, the SCTR has popped back up... Read More 

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The Golden State Trade with Oracle and Under Armour

by Arthur Hill

Two stocks associated with the Golden State Warriors are showing promise as Step Curry leads his team to a 3-2 lead in the series. The Warriors play in the Oracle Arena and Oracle (ORCL) is making waves with an ascending triangle... Read More 

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Twitter (TWTR) Nearing The UnTweetable

by Tom Bowley

There hasn't been much positive news to tweet about at Twitter (TWTR) lately. In the midst of its downward spiral in price action, CEO Dick Costolo announced he would be resigning from TWTR and TWTR's co-founder and Chairman Jack Dorsey would take over... Read More 

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GotoMeeting Owner Citrix (CTXS) Holds Its Own Meeting On Going Higher

by Greg Schnell

GotoMeeting is clearly one of the leaders in the online meeting world. Citrix Systems (CTXS) is the owner of GotoMeeting and a host of other less known software solutions. Yesterday Elliott Management announced a 7... Read More 

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Mobileye (MBLY) Sees Breakout on Heavy Volume

by Tom Bowley

Mobileye (MBLY) is one of the companies behind the car crash avoidance technology. MBLY broke its downtrend line in early March on surging volume and has been trending higher ever since... Read More 

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Only One of the Nine Sector SPDRs is up this Month

by Arthur Hill

Eight of the nine sector SPDRs are down month-to-date and the S&P 500 SPDR (SPY) is also down (as of the 9-June close). One sector, however, is bucking the trend with a small gain... Read More 

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AT&T (T) Gets High Enough For A Signal

by Greg Schnell

AT&T (T) continues to push higher. This week the SCTR has reached 75 again. Is the internet of things starting to kick in for the Telco's? Check out the rising lows on the consolidation for AT&T. 5 of the last 7 weeks have had big volume on up weeks... Read More 

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Time Warner and Eastman Chemical Lead SCTR Gainers

by Arthur Hill

Chartists looking for the "relative strength" movers and shakers of the day can focus on the stocks and ETFs with the biggest changes in their StockCharts Technical Rank (SCTR)... Read More 

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PNC Financial Services (PNC) Makes Bullish Breakout

by Tom Bowley

Money is rotating towards financial stocks as the market prepares for what appears will be Fed tightening later in 2015 into 2016. Higher yields on treasuries and a steepening yield curve generally increase net interest margin, the key metric in bank earnings... Read More 

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Is Bank Of America (BAC) Over Exposed?

by Greg Schnell

Bank of America (BAC) has been a wild ride for swing traders. The faster ones will have made some money. The slower ones will have been stopped out both directions, time after time. The Buy and Holders have been worked over on their conviction. $16... Read More 

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Verizon Downgraded, Tests Short-Term Support

by Tom Bowley

JP Morgan downgraded Verizon (VZ) this morning, instead choosing AT&T (T) and that has put pressure on VZ in the early going. Thus far, buyers have emerged and VZ has risen off its opening gap lower... Read More 

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Don't Look Now, but Small-cap SCTRs are Leading

by Arthur Hill

May was a strong month for big tech stocks, small caps and mid caps. It was such a big month that the Russell 2000 iShares, S&P SmallCap iShares and S&P MidCap SPDR are in the top third of the SCTR table below... Read More 

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Is Endo Pharmaceuticals (ENDP) Passing The End Point?

by Greg Schnell

Endo Pharmaceuticals (ENDP) has been on a recent pullback from a wonderful uptrend... Read More 

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Home Construction ETF Moves Into Leading RRG Quadrant

by Arthur Hill

The Home Construction iShares (ITB) is showing some improvement in relative performance with a move from the improving quadrant to the leading quadrant over the last few days... Read More