Don't Ignore This Chart!

February 2016

Don't Ignore This Chart!

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US-German Yield Differential Drives the Dollar ETF

by Arthur Hill

The chart for the US Dollar ETF (UUP) is bit of a mess, but I think the overall trend is up and the US-German yield differential looks poised to move higher. The main chart window shows UUP hitting a multi-month high with the October-November surge... Read More 

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NFLX Prints Shooting Star On Friday

by Tom Bowley

Over the past few months, traders have shunned risk and we've seen many high flyers begin to take big hits. Netflix (NFLX) certainly fits that category and hasn't been immune to the selling. Recently, NFLX traded at a high of 133.27, but has since fallen to a near-term low of 79... Read More 

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When Markets Jiggle, Here Is Something Sticky (AVY)

by Greg Schnell

Avery Dennison (AVY) continues to be sticky to the upside. The label maker and specialty chemical company is one of the few to make higher lows and made a new 52-week high today. Every new high is a good thing, but it needs to show some conviction to the upside... Read More 

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Is The Current S&P 500 Rally Sustainable? Don't Decide Based On These Two Indicators Alone

by Tom Bowley

Everyone is trying to evaluate the strength and sustainability of the current U.S. equity rally. StockCharts.com provides us the tools to do just that. But not every indicator tells us the complete truth... Read More 

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Four of the Big Five Tech Stocks Remain Weak

by Arthur Hill

Five stocks dominate the Nasdaq 100 ETF (QQQ) and traders should keep a close eye on these when trading or investing in QQQ. Apple (10.97%), Alphabet (9.34%), Microsoft (8.5%), Amazon (5.39%) and Facebook (4.98%) account for almost 40% of QQQ... Read More 

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S&P 500 Nears First Test

by Arthur Hill

The S&P 500 is setting up for its first test as it nears resistance in the 1950 area. The chart below shows the index below the falling 200-day SMA and the 50-day SMA below the 200-day SMA... Read More 

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Plotting Dividends On A Sharp Chart

by Tom Bowley

Just about one year ago, StockCharts.com unveiled a "dividend indicator" to allow you to plot the history of dividends on a particular U.S. or Canadian stock. For those who are income-oriented, it's a great way to review the history of dividends that a company has paid... Read More 

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Verizon (VZ) Connects With New Highs

by Greg Schnell

In this primary bear market, finding rising stock prices is a difficult task. Verizon (VZ) recently moved up aggressively. With a 4% yield and impressive momentum, Verizon is holding up well against broader market weakness. The price action has sent the SCTR to above 94... Read More 

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Wal-Mart (WMT) Trending Higher Despite Post-Earnings Weakness

by Tom Bowley

Wal-Mart (WMT) based for more than a decade beginning in 2000 before it finally made a significant technical breakout in 2012. WMT then nearly tripled over the next three years before stumbling over the past year... Read More 

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A Troika of Bullish Signals for Taiwan Semi

by Arthur Hill

Taiwan Semiconductor is breaking out of a bullish pattern with good volume and the stock is showing relative strength. The price chart shows a cup-with-handle forming from December to mid-February. This is a bullish continuation pattern that was popularized by William O'Neil... Read More 

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Could Wynn Resorts Be The Next Winner? (WYNN)

by Greg Schnell

Wynn Resorts has been on a train out of town for a while. After making a major high just under $250 back in 2014, WYNN has been the casino stock that continually cleaned money out of your wallet. However, some things have changed this year... Read More 

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Is The Long-Term Run Over For Apple (AAPL)?

by Tom Bowley

It's difficult to argue that Apple has been one of the best performing stocks - if not the best - in the 21st century. But every stock has its limitations and a good question is whether AAPL has reached its top. AAPL has fallen 30% from its peak in May 2015... Read More 

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Centurylink (CTL) Sends Off A Flare

by Greg Schnell

Centurylink (CTL) is in the Utility Sector as a fixed communication broadband provider. While they have other operations, the chart is interesting today for a few reasons... Read More 

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Volatility ($VIX) Nearing Key Breakout As S&P 500 Nears Support

by Tom Bowley

Volatility and S&P 500 performance tend to move in opposite directions. As fear escalates and the VIX prices in higher expected volatility, equity markets sell off... Read More 

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Chevron Stalls out Below Two Key Moving Averages

by Arthur Hill

Chevron (CVX) is a long-term downtrend and looks vulnerable to another leg lower. The price chart shows CVX trading below the falling 200-day moving average and below the 50-day moving average. Also notice that the 50-day is below the 200-day... Read More 

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Oil Retests The Lows Of January ($WTIC)

by Greg Schnell

West Texas Intermediate Crude ($WTIC) fell back under $28 to retest the lows of January. So far, the trend in price still has a pattern of lower highs and lower lows... Read More 

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Three Big Sectors Hit New Lows for the Year

by Arthur Hill

There are nine sectors in the S&P 500 SPDR (SPY) and their weights range from 2.82% (materials) to 20.17% (technology). The technology sector is around seven times bigger than the materials sector and this means that not all sectors affect the S&P 500 the same... Read More 

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Recreational Services Index Has A Bad Year......Last Week

by Tom Bowley

The Dow Jones U.S. Recreational Services Index ($DJUSRQ) fell more than 11% last week as traders completely ignored the consumer discretionary space (XLY)... Read More 

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Is The Keystone Pipeline Finally Behind TransCanada Pipelines?

by Greg Schnell

After a brutal beatdown from the politicians about pipelines, TransCanada Pipelines (TRP) stock has started to demonstrate a change in trend. From a continuous decline starting in September 2014 (near oil's high), TransCanada has recently made a 5-month high... Read More 

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Disney Teetering At Critical Support

by Tom Bowley

First, it's not helping that the consumer discretionary sector is down more than 10% over the past three months. This sector weakness has manifested itself in a very weak three month performance in Walt Disney (DIS) shares, which have fallen more than 15%... Read More 

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Dollar Breaks Wedge Support, but How Bearish is It?

by Arthur Hill

The US Dollar ETF (UUP) is getting whacked on Wednesday and breaking its January lows. The trading day is not over yet, but the Dollar is on pace for its biggest daily decline since early December... Read More 

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Tesla (TSLA) Tests Tremendous Support

by Greg Schnell

Tesla (TSLA) seems capable of staying in the headlines almost every day. While the other car manufacturers have drizzled below some trendlines on the price charts, Tesla has been able to hold above. Today, the optimism towards Tesla is being tested... Read More 

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CBS Attempts to Buck Broad Market Selling Pressure

by Arthur Hill

It was a rough January for stocks, but CBS held up quite well and shows a bullish looking chart. On the price chart, CBS sports a classic surge-correct-breakout sequence. First, the stock advanced over 20% with a move from ~39 to ~52... Read More