Don't Ignore This Chart! April 30, 2016 at 12:50 PM
You have to keep in mind that when everyone wants to buy a stock (or sell a stock), it's the market makers job to provide liquidity and take the other side of the trade... Read More
Don't Ignore This Chart! April 29, 2016 at 10:26 AM
PACCAR (PACR) represents an important link in the movement of goods. PACCAR is the parent company of Kenworth, Peterbilt and DAF. Trucking companies buy new trucks to replace the old fleet as it wears out and they add additional units when they have new demand... Read More
Don't Ignore This Chart! April 28, 2016 at 03:44 PM
When a stock breaks out to fresh highs with light volume, a negative divergence and overbought oscillators, you need to be on high alert for a period of selling. That's exactly the signal that ORBCOMM (ORBC) provided astute traders as we entered April... Read More
Don't Ignore This Chart! April 28, 2016 at 10:23 AM
The story that stocks stop at resistance couldn't be demonstrated more clearly than reviewing this Jacob's Engineering (JEC) chart. This stock has stopped 9 times rallying to $45... Read More
Don't Ignore This Chart! April 27, 2016 at 11:44 AM
The Nasdaq 100 ETF (QQQ) is one of the weakest of the major index ETFs right now because of several large-caps within the ETF. Note that Apple (-10%), Facebook (-6%), Google (-6.5%) and Microsoft (-8%) are all down sharply this month... Read More
Don't Ignore This Chart! April 26, 2016 at 06:20 AM
FMC Corp is a large cap specialty chemicals manufacturer in the materials sector. With three business divisions now, the agricultural arena dominates their earnings but the Lithium business is starting to perk up. The FMC chart below rolled over in June 2014... Read More
Don't Ignore This Chart! April 25, 2016 at 09:11 AM
The appetite for risk has increased over the past month with small-caps, mid-caps and micro-caps leading the market higher. The PerfChart below shows one-month performance for the S&P 500 SPDR (red) and seven other broad market index ETFs... Read More
Don't Ignore This Chart! April 24, 2016 at 03:55 PM
Energy stocks have been strengthening throughout 2016 and Helix Energy Solutions (HLX) is a small $900 million market cap company that just broke out his past week... Read More
Don't Ignore This Chart! April 22, 2016 at 03:07 AM
Five Prime Therapeutics (FPRX) is a small cap that trades about 600,000 shares per day. This week it is poking up to new all-time highs. In the wild world of Biotech, this stock has built a wide-ranging but solid uptrend... Read More
Don't Ignore This Chart! April 20, 2016 at 11:27 AM
There has been a clear changing of the guard in April and chartists can see this change with a PerfChart on two different timeframes. The first PerfChart shows performance for the nine sectors SPDRs and SPY for the first three months of the year... Read More
Don't Ignore This Chart! April 19, 2016 at 02:25 PM
Petrobras (PBR) has been pummelled on the back of a weak Brazil and a weak oil price. Scanning through the charts today, this looks pretty interesting here as it breaks above a major support and resistance level... Read More
Don't Ignore This Chart! April 18, 2016 at 07:05 AM
Electronic Arts (EA) got a big bounce off support with expanding volume and a strong Accumulation Distribution Line. On the price chart, EA plunged in late January and early February on high volume and this looks like a selling climax... Read More
Don't Ignore This Chart! April 17, 2016 at 09:35 AM
Negative divergences that appear on daily charts tend to take a couple weeks to play out before we see momentum potentially resume back to the upside. That seems to be where Progressive Corp (PGR) currently stands... Read More
Don't Ignore This Chart! April 15, 2016 at 04:36 PM
Much has been made of the stock market's recent strength with the $SPX continuing to push above the 200 DMA. One of the underlying concerns for the rally has been the lack of participation for the banks... Read More
Don't Ignore This Chart! April 14, 2016 at 05:07 PM
The Dow Jones U.S. Banks Index ($DJUSBK) soared on Wednesday after JP Morgan Chase (JPM) delivered better than expected quarterly earnings results. The strength in JPM sent the DJUSBK to the doorstep of a significant price breakout above 300... Read More
Don't Ignore This Chart! April 13, 2016 at 11:31 AM
Today's stock market rally started in Asia, extended into Europe and carried through to the US this morning. The major European indices were sharply higher with the London FTSE ($FTSE) leading the charge... Read More
Don't Ignore This Chart! April 12, 2016 at 02:25 PM
Starbucks has been one of the strongest stocks in the last 5 years. It's been a fantastic uptrend. Recently the stock has started to show some signs of investor deterioration as the price action has started to underperform... Read More
Don't Ignore This Chart! April 11, 2016 at 11:34 AM
Alcoa (AA) kicks off first quarter earnings with its report today after the market close. I have no idea about earnings or how the stock will react, but price is at a most interesting juncture as a consolidation takes place just below resistance... Read More
Don't Ignore This Chart! April 10, 2016 at 09:54 PM
Last week was horrible for financial stocks as the XLF tumbled 2.86%. Investment services ($DJUSSB) and asset managers ($DJUSAG) were at the bottom of the heap with losses of 6.00% and 3.94%, respectively... Read More
Don't Ignore This Chart! April 08, 2016 at 10:53 AM
The world of advertising is evolving dramatically. We all know how Google and Facebook have changed the online ad world. The Rubicon Project (RUBI) is trying to change the way corporations buy advertising. The company name is The Rubicon Project... Read More
Don't Ignore This Chart! April 07, 2016 at 04:23 PM
Kraft Heinz Co (KHC) has been uptrending for several years. On its high in August, however, a negative divergence appeared on its weekly chart and, as a result, KHC sideways consolidated for the past 8 months... Read More
Don't Ignore This Chart! April 06, 2016 at 04:03 PM
Volume is triple its normal daily volume and Harley Davidson (HOG) is down more than 7% today, but technical analysis flashed many warning signs on both the daily and weekly charts... Read More
Don't Ignore This Chart! April 06, 2016 at 02:46 PM
Intercept Pharmaceuticals (ICPT) has started to look a little more promising. After going ballistic back in January 2014 where the stock went up 7X in a few days, Intercept has been in a slow decline from those fairytale heights. Today, the SCTR ranking broke above 75... Read More
Don't Ignore This Chart! April 05, 2016 at 11:10 AM
Raytheon (RTN) and Northrop Grumman (NOC) both have SCTR's above 75 and are looking strong in the face of many charts trying to get back above their 200 DMA's. I like Raytheon a little bit more today because of the conditions of the chart... Read More
Don't Ignore This Chart! April 04, 2016 at 12:21 PM
American Tower (AMT) has traded in a wide range over the last year. However, this week starts off with a fresh kick to new highs. The SCTR ranking is pushing up to 86 which I like. The relative strength broke to new highs... Read More
Don't Ignore This Chart! April 02, 2016 at 07:07 PM
In order to determine the sustainability of market rallies, following the rotation between certain sectors or indices can be quite helpful... Read More
Don't Ignore This Chart! April 01, 2016 at 12:03 PM
In the world of advertising, few things distract you as much as the billboard. The job of the billboard is to get your attention and change your thinking. Lamar Advertising (LAMR) broke through to new highs back in December, drawing my attention to the stock... Read More
