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When Someone Spills The Paint

by Greg Schnell

It has been a phenomenal run for Sherwin-Williams Co. (SHW). The 10-year chart has been a massive acceleration from bottom left to top right. Here is a link to the long chart. SHW 10 Year. Recently someone spilled a can of paint as the stock tumbled 25 % in a few months... Read More 

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GoPro (GPRO) - When The MACD Doesn't Work

by Tom Bowley

GPRO reported revenues and earnings that fell short of expectations after the bell last night and the reaction was about as you might expect - down 17% on the open. It's since recovered and is attempting to print a significant red hollow candle on massive volume... Read More 

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The Squeeze is on for the 30-yr Yield and TLT

by Arthur Hill

Treasury yields are in a clear downtrend since June, but a small anomaly is taking shape because the 30-year Treasury Yield ($UST30Y) did not confirm the lower low in the 10-year Treasury Yield ($UST10Y). The first chart shows the 10-yr yield peaking around 2... Read More 

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Just When You Got Comfortable That Things Were Going To Be OK

by Greg Schnell

The market has given us some vicious reversals over the years from the 2009 lows. Arthur covered off some internal indicators in yesterday's article where he was looking for strength to show up... Read More 

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NYSE Net New Highs Expand, but is it Enough?

by Arthur Hill

The percentage of NYSE net new highs remains at relatively low levels and chartists should watch this indicator for clues on follow through to the October surge. StockCharts users can plot new highs and new lows using SharpCharts... Read More 

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Priceline - Will It Be A Repeat Of Google And Amazon?

by Tom Bowley

I don't like to place bets into earnings reports, but priceline.com (PCLN) sure does look to be a replica of Amazon (AMZN) and Google (GOOGL). AMZN and GOOGL both reported strong results in July and gapped significantly higher... Read More 

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Microsoft Launches Out Of The Satya Nadella Consolidation

by Greg Schnell

Microsoft reported outstanding earnings numbers yesterday and launched the stock near all-time highs this morning. After Satya Nadella took the floppy drive from Steve Ballmer on February 4, 2014, the stock ran up from $37 to $50... Read More 

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Let's Get Sirius - A Breakout Is Coming

by Tom Bowley

Sirius Satellite (SIRI) has been trying to clear the 4.00-4.10 resistance area for two years now. This consolidation or basing period is very bullish since it follows a period of rising prices. We need to see the breakout first, however... Read More 

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CH Robinson Leads Trucking as Heartland Bases

by Arthur Hill

It has been a rough year for trucking stocks and most of these stocks are lagging the broader market. A look at the trucking stocks from the Sector Summary shows a handful with SCTRs above 50. The vast majority of SCTRs are 50... Read More 

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Small-caps and Retailers Lag, but Semis Take the Lead

by Arthur Hill

It has been a rough two and a half months for the stock market with a major segment underperforming and one key industry group lagging. Semiconductors, however, are emerging as leaders within the technology sector... Read More 

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QCOM Rally Sets Up Shorting Opportunity

by Tom Bowley

Over the past three weeks, Qualcomm (QCOM) has rallied from a low of 52.17 to Friday's close at 59.91 - barely eclipsing the falling 20 week EMA currently at 59.78... Read More 

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If Municipal Bond Funds Are Hitting Five Year Highs

by Greg Schnell

BlackRock runs a Municipal Bond Fund (MYI) that I follow. When these municipal bond funds are rallying to new 52 week highs, I interpret the leadership position as a defensive one, not an offensive one for the equities market generally... Read More 

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Biotech Rallies But Resistance Ahead

by Tom Bowley

The technical conditions surrounding biotechs ($DJUSBT) are bad, no sugar-coating here. It's not pictured below but the DJUSBT did manage to clear 20 day EMA resistance on today's close... Read More 

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Small Caps and Large Techs Are Lagging

by Arthur Hill

Price action has been rather volatile since the August breakdown, but some performance discrepancies are emerging in October and these could foreshadow broad market weakness... Read More 

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When Banks Can't Keep Up

by Greg Schnell

The earnings reports from companies roll out in earnest this week and the banks are one of the largest question marks. This performance chart shows all the major banks and brokers underperforming the $SPX since the test of the May high failed in June... Read More 

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Delta and SouthWest Go For Breakouts

by Arthur Hill

Airline stocks are on the move Monday with nice gains across the board. Hawaiian Airlines (HA) and Skywest (SKYW) are leading the way with breakouts and 52-week highs today... Read More 

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Internet Group Poised For Higher Prices

by Tom Bowley

The long-term pattern is bullish. Short-term technical conditions are improving. And the season is right as October is the best calendar month of the year in terms of historical performance for internet stocks. The Dow Jones U.S... Read More 

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Shaking Up Coke (KO), Pepsi (PEP) And Your Portfolio

by Greg Schnell

There has been some fizz in both Coke (KO) and Pepsi (PEP) as they both look to break above trend lines and prior highs. On the chart below, all the indicators are for KO shown in Yellow and you can see Coke is breaking above previous highs and the down sloping trend line... Read More 

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Airlines Awaiting Take Off

by Tom Bowley

Airlines ($DJUSAR) have traded sideways to down most of 2015. Yet this industry group is one of the best performers historically in the month of October. Furthermore, several airline stocks are in bullish patterns OR are approaching key technical levels of support/resistance... Read More 

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Monster Beverage Loses Energy as Bands Narrow

by Arthur Hill

Monster Beverage (MNST) did not partake in the early October surge and a key volume indicator suggests that distribution is underway. Let's start with the price chart. MNST fell sharply in August and then firmed just above the rising 200-day moving average in September... Read More 

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Social Media ETF SOCL Follows Facebook Higher

by Greg Schnell

The Social Media ETF (SOCL) has been working lower for the last 3 months. Off the recent lows, the SOCL ETF has really pushed higher with big influence by Facebook (FB) and LinkedIn (LNKD). It is testing an important horizontal support/resistance level right now... Read More 

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Xilinx Holds the Gap and Shows Relative Strength

by Arthur Hill

Stock market declines are good because they expose the weak hands and highlight potentially strong stocks. Stocks that hold up during a broad market decline show relative strength and this could lead to outperformance when the market turns up again... Read More 

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How To Spot A Positive Divergence

by Tom Bowley

In evaluating whether a positive (or negative) divergence exists on a chart, you must remember to use closing prices. If you use candlesticks like I do, it's not always easy to spot divergences. I'll give you an example - Baidu (BIDU)... Read More 

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Intel (INTC) Letting Its Chips Fall?

by Tom Bowley

Actually, this chipmaker's chart looks very strong, especially longer-term. After a strong advance in late 2014, a negative divergence emerged and was followed by a topping head & shoulders pattern... Read More