Don't Ignore This Chart!

December 2015

Don't Ignore This Chart!

A Good Year for Healthcare, Staples and Technology

by Arthur Hill

2015 has been about as mixed as a market can get. This split market can be seen by looking at two versions of the S&P 500. The Large-cap S&P 500 SPDR (SPY) is up around 2.5% over the past year and the Equal-weight S&P 500 ETF (RSP) is down around 1.5%... Read More 

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When Advertising Dollars Fall From Helicopters

by Greg Schnell

As we set the stage for the next battle of Republicans vs. Democrats, the advertising world sets its sights on getting a piece of the action... Read More 

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JP Morgan Chase Battles to Hold Breakout

by Arthur Hill

The Finance SPDR (XLF) and big banks led the market surge from late September to early November, but turned into laggards over the last seven weeks... Read More 

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Are You Ready To Invest In Hong Kong? (EWH)

by Greg Schnell

The Hong Kong tracking ETF (EWH) has been immersed in a downtrend for a while. It moved above a 7-month trend line on Wednesday which makes it a very interesting candidate for review. The EWH also moved above a support/resistance line around $19.90... Read More 

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Toys Bullish For The Holidays

by Tom Bowley

The Dow Jones U.S. Toys Index ($DJUSTY) is ending the year just about the same way it began - on a very bullish note. Recently, the DJUSTY completed a bullish ascending triangle pattern in August and September before breaking out in October... Read More 

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Alcoa Perks Up as CCI Breaks into Positive Territory

by Arthur Hill

Alcoa is showing early signs of relative strength and momentum is improving as the Commodity Channel Index (CCI) breaks into positive territory for the first time since February. 2015 was clearly a rough year as the stock fell over 35% from January to August... Read More 

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BlackBerry Cracks A Major Down Trend Line (BBRY)

by Greg Schnell

Blackberry (BBRY) has been the most unloved tech stock in a cradle of optimism. After living in a massive downtrend for the last 7 years, Blackberry started to perk up recently. While there have been a few bear market bounces for Blackberry, this looks different this time... Read More 

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MarketCarpet Shows A Few Stocks Bucking the Selling Pressure

by Arthur Hill

Stocks were hit hard on Thursday and Friday with most closing down sharply. There were a few gainers amongst the carnage and chartists can use the MarketCarpet to find such stocks. First, note that the S&P 500 was down 3.26% on Thursday-Friday and down .34% for the week... Read More 

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Great Fundamental Story, But Will Gap Support Hold?

by Tom Bowley

Last month, Ctrip... Read More 

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Caution To Owning The Gas and Diesel Refiners

by Greg Schnell

US Distillate demand is down over 8% this year. That is huge. Gasoline Demand is up 0.7% Total Product inventories (Page 3) are eyeballed about 15% above the 5-year range for this time of year while product demand is inside the normal 5-year range and consistent with 2014... Read More 

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Apple Shows Positive Divergence on 60 Minute Chart

by Tom Bowley

Apple (AAPL) is breaking down beneath its November low and on the surface appears to be a broken stock, but its intraday 60 minute chart is telling a much different story... Read More 

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Big Biotechs Lead in December

by Arthur Hill

December got off to a rough start for the broader market, but several big biotechs bucked the selling pressure and moved higher. The Perfchart below shows December performance for SPY and the nine biggest biotechs in the Biotech iShares (IBB)... Read More 

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Electronic Arts Takes Another Run At Breaking Out

by Greg Schnell

The Electronic Arts Company (EA) has really been on a roll the last few years. Recently the stock started to consolidate in a tight range sideways. But this week, the momentum looks higher again. Today, it is outpacing the broader indexes and is on its way to the $75 level... Read More 

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Apple Fails at One Moving Average and Breaks Another

by Arthur Hill

Apple shows signs of a long-term downtrend because it failed at a key long-term moving average and just broke a medium-term moving average... Read More 

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Volatility Now Becomes Bulls' Enemy #1

by Tom Bowley

Conditions changed on Friday and the short-term market prospects grew significantly riskier. Why? Because in addition to price support breakdowns across many key indices, sectors and industry groups, the volatility index ($VIX) spiked 26% on Friday to close at 24.39... Read More 

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TLT Presses The Tilt Button

by Greg Schnell

The long bond market (TLT) continues to climb higher in price, but today marks a move outside the trend. The long bond is breaking out to the upside and recently crossed above the 200 DMA. We are seeing the other bond ETF's like IEF moving above the 200 DMA... Read More 

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Dollar's Cup With Handle Appears Complete

by Tom Bowley

The U.S. Dollar index ($USD) saw a parabolic rise from mid-2014 through March 2015 and has been consolidating since in a classic cup with handle pattern... Read More 

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Global Government Bond ETF Continues To Show Strength

by Greg Schnell

From a chartlist of ETF's that I have built, the vast majority of the list is led by different bond/fixed income/income strategies currently. Currently, the PIMCO Strategic Global Government Fund ETF (RCS) has an SCTR of 99.8 and the ETF is breaking out to new 52 week highs... Read More 

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Texas Instruments Challenges Highs and Sports a Strong SCTR

by Arthur Hill

Texas Instruments (TXN) is leading the market with a strong StockCharts Technical Rank (SCTR) and the stock is consolidating near its 52-week high. TXN is part of the semiconductor industry group and the technology sector, both of which have been leading the market lately... Read More 

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Positive Divergence Suggests CA Likely To Resume Uptrend

by Tom Bowley

CA Inc (CA) topped in March 2015 and was in the midst of an 8 month downtrend - until last week's action... Read More 

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Gold Stocks Start To Roar In December Once Again

by Greg Schnell

The miners have been outperforming the gold bullion for a few weeks now. They really started to move in the last few days. Newmont Mining (NEM) is one of those. The gold mining stocks started to rally in December of last year as well... Read More 

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Adobe Losing Momentum One Week Before Earnings

by Tom Bowley

Negative divergences on the MACD and light volume on breakouts are two important criteria in identifying a possible top. Accumulation requires volume so I'm always suspicious if advances begin to run out of it... Read More 

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CA Forms a High and Tight Flag

by Arthur Hill

CA Inc (CA) remains in a downtrend, but a reversal could be brewing as the stock forms a high and tight flag just below key resistance. CA was trending down most of the year and then formed a selling climax with a sharp decline on high volume in August... Read More 

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Why Is A Monthly Close Above 100 For The $USD A Big Deal?

by Greg Schnell

The US Dollar ($USD) is always one of the most important factors in the world markets. A strong dollar has been a major headwind for commodities and emerging markets since the 2011 lows... Read More