Don't Ignore This Chart!

Pfizer (PFE) Jumps To A New 52 Week High

by Greg Schnell

Pfizer (PFE) is breaking out to new 52 week highs after consolidating for 6 months. The SCTR jumped back above 80% this week which is a sign of strength... Read More 

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Whole Foods Market (WFM) Poor Results Test Support

by Tom Bowley

WFM posted underwhelming quarterly earnings results and the stock is down significantly in early action today. More importantly, however, is the longer-term price support that's being tested. WFM has not had an open or a close beneath 35... Read More 

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Merck Forms Key Outside Reversal on High Volume

by Arthur Hill

The HealthCare SPDR (XLV) has been one of the strongest sectors in 2015, but Merck (MRK) has lagged both the market and the sector. The first chart shows the HealthCare SPDR (XLV) relative to the S&P 500 SPDR (SPY) using the price relative (XLV:SPY ratio)... Read More 

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Have You Driven Ford's Stock Price Lately?

by Greg Schnell

Ford (F) announced earnings and they were well above the street estimates. I wondered if that would send the stock price rocketing up on a big bullish day today. Here is the chart after earnings. A few positives showed up today. Ford moved up more than the indexes did... Read More 

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Chinese Holdings Weigh on Global X Social Media ETF

by Arthur Hill

The Social Media Global ETF (SOCL) fell sharply on Monday to signal a continuation of the prior decline. The chart below shows SOCL breaking support with a sharp decline in late June and early July. This is the break that broke the bull's back... Read More 

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Biogen Inc (BIIB) Suffers Massive Breakdown

by Tom Bowley

There are pullbacks in uptrends and then flat out trend reversing breakdowns. We never know for sure which is which until history plays out. But Biogen's (BIIB) massive selling on Friday has all the makings of the latter... Read More 

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Are Municipal Bonds Getting A Boost Here?

by Greg Schnell

The BlackRock MuniYield Fund (MYI) broke above the trend line this week. This move into Munis and the TLT's move to higher ground all point to a change in trend on the bond side of the landscape... Read More 

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Should FBHS Be A Fixture In Your Portfolio?

by Tom Bowley

Fortune Brands Home & Security, Inc (FBHS) surged in volume today and appeared to be on its way to a breakout above closing price resistance near 48.00. FBHS actually printed an intraday high of 47.99 before reversing and finishing weak the final two hours... Read More 

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Airline Index Perks Up with a Reversal Pattern

by Arthur Hill

The Airline Index ($XAL) has been a real dog in 2015, but the index is showing signs of support and a double bottom could be emerging. The chart below shows $XAL peaking in January and moving lower the last six months... Read More 

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Why IBM Has No Credibility As A Safe Investment

by Greg Schnell

IBM (IBM) has been a difficult stock for years. Investors keep holding 'Big Blue' expecting a turn around. This difficulty is the stock has no credibility as a safe investment. The last time IBM was a top quartile stock according to the SCTR is marked with a red arrow... Read More 

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An Island Reversal for DIA

by Arthur Hill

With a gap and big surge, the Dow Diamonds (DIA) triggered a series of bullish signals that remain valid until proven otherwise. First, let's look at the bullish signals. DIA bounced off support in the 174-175 area in early July and broke resistance with a surge above 178... Read More 

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After A Series Of Direction-less U-turns, Google (GOOGL) Becomes A Top Performer

by Greg Schnell

Anyone who had doubted Google (GOOGL) and their ability to make money got routed to the Pocket of Pain in today's trading. Google surged 25% in trading and was up $140 from Thursday's close. This massive ramp up is clearly a house cleaning for all those caught shorting Google... Read More 

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Atmel (ATML) Shows Relative Strength, Nears Support

by Tom Bowley

Just a couple months ago in early May, ATML gapped higher on big volume and hasn't looked back since. Along the way, it cleared price resistance just below 9.00 on very heavy volume and subsequently surged to 10.50 before becoming violently overbought and in need of relief... Read More 

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Goldman Sachs Stares At Pluto (GS)

by Greg Schnell

Goldman Sachs (GS) continues to look towards Pluto for direction. After dipping 80% in the 2009 financial pullback, Goldman bounced well. On its return to the $180.00 level, Goldman decided to drop 60% again back to $79.95. But the low in 2012 at $86... Read More 

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Why Technicians Are Worried And Fundamental Investors Are Not ($SPX)

by Greg Schnell

For fundamental investors, the price action is still in the top right corner so why worry? For technicians the bull market message became more muted last week... Read More 

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Technology And Internet Stocks Leading Today's Advance

by Tom Bowley

Many traders are believing the Dow Jones U.S. Internet Index ($DJUSNS) is dead money and for the past 18 months or so, that's been mostly true... Read More 

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Restoration Hardware (RH) Poised For A Breakout

by Tom Bowley

Restoration Hardware (RH) engages in the retail of home furnishings. Over the past three months, the home improvement retail index ($DJUSHI), to which RH belongs, is down more than 4% while RH consolidates ahead of what could be a triple top breakout... Read More 

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Bullish Percent Of The $SPX Strikes An Important Level

by Greg Schnell

The Bullish Percent charts are one of the technical tools that quickly demonstrate how broad or narrow the rally is. I like to look at them together with the Number of Stocks above the 200 DMA ($SPXA200R)... Read More 

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CME Group Consolidating in Bullish Ascending Triangle

by Tom Bowley

The recent movement in CME shares back and forth is nothing but noise. The technical picture here is very solid with an uptrend in place that began in early 2013, preceding the current ascending triangle formation... Read More 

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Short Term Change In Trend In Yen ($XJY)

by Greg Schnell

The Japanese Yen ($XJY) gapped above resistance and the major down trend that has been in place for years. The real question is if this is a interim low in the Yen or a much more important low... Read More 

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The Long Bond ETF (TLT) Tilts Up!

by Greg Schnell

The news in Greece has turned a few charts. The news from China is equally newsworthy. The chart of the TLT is one of the most sensitive as it potentially shows investors looking for safety in US treasuries... Read More 

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Attention Wal-Mart Shoppers!

by Tom Bowley

Wal-Mart Stores (WMT) has been under tremendous selling pressure since it topped at an all-time high near 90 back in early 2015. The selling began after a long-term negative divergence printed during the second week of the year... Read More 

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$TSX Struggles With Nirvana

by Greg Schnell

The Toronto Stock Exchange was open Friday while the US markets celebrated Independence Day. So it was a potential candidate for the Don't Ignore This Chart blog anyway. However, after using Martin Pring's Nirvana settings, it really is an important time to look at the $TSX... Read More 

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MDSO: Recent Weakness Presenting Opportunity?

by Tom Bowley

Medidata Solutions (MDSO) posted better than expected revenues and EPS in late April and the stock exploded higher as a result. Since that time, MDSO hasn't been able to add to those gains, instead consolidating in rectangular fashion with its RSI dropping to 40... Read More 

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QQQ is Stymied by Performance Split and 3 Consolidations Hold the Key

by Arthur Hill

A look at performance for the top holdings in the Nasdaq 100 ETF (QQQ) explains a lot about performance since March. The PerfChart below shows the percentage change for QQQ and its top nine holdings... Read More 

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What Does A Quarter Buy You These Days? Not Much?

by Greg Schnell

The $SPX has been moving in a tight range for the last six months. In December 2014 we closed at 2059, in March 2015 we closed at 2067, in June we closed at 2063. Quarterly data can take a lot of the weekly machinations of the market and make it look more normal... Read More