Don't Ignore This Chart!

September 2015

Don't Ignore This Chart!

Corn ETF Attempts to End Wave 2 Correction

by Arthur Hill

Corn is showing signs of firming near the June lows and a possible wave 2 could be ending for the Corn Trust ETF (CORN). I will first start with December Corn Futures (^CZ15) because this is the most widely traded instrument for corn... Read More 

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The Big Dog Barks - XOM

by Greg Schnell

Exxon Mobil (XOM) has been a dog since the price of oil dropped a year ago. In the 2008 bear market, Exxon was a go-to stock when everything else was cratering. Exxon (XOM) was a company that would be able to come out the other side of the GFC... Read More 

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Biotech SCTRs Crater as XBI Breaks Neckline Support

by Arthur Hill

The biotech ETFs have gone from leaders to laggards as the StockCharts Technical Rank (SCTR) plunged double-digits over the past week. The image below shows the ETFs with the biggest decline in their SCTR over the past week... Read More 

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Healthcare ETF (XLV) Seeking First Aid

by Tom Bowley

Healthcare stocks led much of the market's rally off the 2009 lows - especially since early 2011. That was then. This is now... Read More 

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Amerco (UHAL) Is Movin' On Up To The Right Corner

by Greg Schnell

Amerco (UHAL) is the parent company of U-Haul. We have all seen them or used them driving our stuff across North America. The stock has had a very important consolidation that is not unique. The stock has been on an unbelievable up trend off the 2009 lows... Read More 

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Comparing NKE vs. SKX Using The Seasonality Tool

by Tom Bowley

One cool feature at StockCharts.com is the ability to check the seasonal tendencies of stocks. For instance, I can tell you that Amazon... Read More 

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Aetna, I'm Glad I met Ya, and Your Chart

by Arthur Hill

In addition to this successful ad campaign, Aetna sports a bullish looking chart that argues for higher prices. First note that it has been a tough month for stocks with the S&P 500 down around 1.5% month-to-date... Read More 

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Is Your Broker Suggesting Bonds Are The Place To Be?

by Greg Schnell

While the various investment managers talk about how bullish this pullback is, the ETF's with the best price action are all in the bond arena. I have made a concentrated ETF list and commonly refer to it for webinars and ideas for allocation... Read More 

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Facebook and Amazon Lead the Big Five

by Arthur Hill

There are lots of technology-consumer companies out there, but few are bigger than the big five: Apple, Amazon, Facebook, Google and Microsoft. While I am not sure if it is a zero-sum game for these behemoths, two are emerging as the leaders over the last few weeks... Read More 

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Expedia Taking Road Less Traveled

by Tom Bowley

U.S. equities have been very weak since mid-August with many sectors, industry groups and individual stocks broken down technically. In recent days and weeks, many high profile stocks have struggled to clear falling 20 day EMAs... Read More 

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Is Gold Finally Ready To Run?

by Greg Schnell

Gold has been in a major funk along with the rest of the commodities. Recently it started to look a little better. We can see the SCTR ranking recently broke above 75 and pulled back. Now it looks set to charge up again... Read More 

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Fed Holds Steady; Treasury Bulls Send Stocks Bad Signal

by Tom Bowley

Well, the Fed meeting and announcement has come and gone. All the drama is over. At the end of the day, Fed Chair Janet Yellen decided to leave interest rates unchanged for now, citing weakness abroad as one of the reasons for such delay... Read More 

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Is UAL Ready to Fly?

by Arthur Hill

The weekly chart for United Airlines (UAL) is looking bullish as the stock firms in a key retracement zone and weekly MACD turns up. The green text on the chart marks five technical features over the last 15 months. First, the stock broke out to new highs in October 2014... Read More 

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Cruising Might Be The Best Holiday (Investment) This Year

by Greg Schnell

Royal Caribbean Cruise Lines (RCL) has been living on the high seas for a while. This stock broke out to new highs on Monday and continues to be a steady ship in rough waters. In late July, RCL gapped up and then worked sideways... Read More 

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Hasbro: The Force is Strong on This One

by Arthur Hill

Star Wars fans may remember that quote from Darth Vader in Star Wars Episode IV (A New Hope). In any case, it came to mind when looking at the chart for Hasbro, which holds the merchandising rights for Star Wars toys... Read More 

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Correlation: Banks And Treasury Yields

by Tom Bowley

As we await the Fed's interest rate decision this week, it's a good time to review a key area of the market that is heavily swayed by the direction of interest rates - banks ($DJUSBK)... Read More 

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Is Priceline (PCLN) Worth Bidding On At $1300 A Share?

by Greg Schnell

Best wishes to all of our American readers on this historic date in history. My heartfelt thoughts and best wishes go out to all of you. Charts can fool you when you look at a chart like Priceline (PCLN)... Read More 

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Diebold Bounces Off Support...Again

by Tom Bowley

Computer hardware ($DJUSCR) led the technology sector to outsized gains on Thursday and Diebold (DBD) benefited by bouncing off price support. The 29.50-30.00 area has served as excellent support in 2015. Consider the trading range to be 29.50-32... Read More 

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Plotting the Nasdaq 100 Breakout on an Intraday Point & Figure Chart

by Arthur Hill

StockCharts users can create intraday P&F charts to shorten their time horizon and identify key levels to watch. The chart below is a 60-minute P&F chart with 10 points per box and a classic 3-box reversal... Read More 

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Who Is Checking In To Apple Hospitality (APLE)

by Greg Schnell

Recently, a new REIT was launched with the incredible name of Apple Hospitality REIT (APLE). While I think the world of investing has enough focus on a different Apple (AAPL) as the world's largest company, I'll let you decide what you think of this REIT... Read More 

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20 Day EMAs Are Huge Technical Weapons

by Tom Bowley

Moving averages are lagging overlays by definition as we use historical data to determine their position on a price chart. But many traders use moving averages as support during periods of trending prices. Personally, my favorite is the 20 period EMA... Read More 

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Culp (CFI) Wakes Up To New Highs

by Greg Schnell

Culp Industries (CFI) is a small cap company making mattress cover fabric as well as upholstery fabric. The stock has really been climbing out of the bed it made last summer... Read More 

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Has Carl Icahn Timed His FCX Investment Correctly?

by Tom Bowley

One week ago activist investor Carl Icahn disclosed that a group he belongs to owns nearly an 8.5% stake in Freeport-McMoran (FCX). Rumors suggest Icahn may seek representation on FCX's board of directors and is calling for changes in some of the Company's business practices... Read More 

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One Group and 3 Stocks Showing Relative Strength on Tuesday

by Arthur Hill

Selling pressure was quite intense on Tuesday as some 497 stocks in the S&P 500 declined on the day. This means there were only three winners on the day: CableVision (CVC), American Airlines (AAL) and Sigma-Aldrich (SIAL), which is going to be acquired by Merck... Read More 

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Is Valeant Pharma (VRX, VRX.TO) About To Cause Heartburn?

by Greg Schnell

Valeant Pharmaceuticals (VRX) has been a very popular stock in North America with its acquisitive business model. The chart is showing some changes in trend, so it bears watching closely. The SCTR ranking has started to wobble recently, which is not a problem in itself... Read More