Don't Ignore This Chart!

September 2016

Don't Ignore This Chart!

Parker-Hannifin (PH) Moves To New Highs

by Greg Schnell

Parker-Hannifin (PH) is one of America's great industrial companies. The chart looks great too. The SCTR has transitioned from staying below 50 to staying above 50 for most of the last 8 months... Read More 

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Looking For A Breakout Stock In Energy? Listen Up Nabor

by Tom Bowley

Energy stocks (XLE) have been lifted the past couple days due to OPEC agreeing to stem production in an attempt to balance supply and demand. It's difficult to say whether it'll actually work, but thus far the stock market likes what it's hearing... Read More 

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McDonalds Breaks Triangle Trend Line to Signal Trend Continuation

by Arthur Hill

McDonalds shareholders are certainly not "lovin it" right now because the stock is in a long-term downtrend and it is one of the worst performing stocks in the Dow Industrials. The chart below shows the 50-day SMA below the 200-day SMA and the stock below the 200-day SMA... Read More 

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XLF SCTR Plummets To Bottom Quartile On DB News

by Greg Schnell

The news of Deutsche Bank (DB) breaking well below the Brexit lows can not be comforting for the broader financial community. Today the XLF lost its momentum and dropped to the bottom quadrant. While this is a weekly chart, the first day of the week sent a chilly message... Read More 

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Crude Oil And Energy Stocks Remain Bullish

by Tom Bowley

Crude oil prices ($WTIC) have been hovering between $40-$52 per barrel for the past six months, but the bottoming reverse head & shoulders pattern is telling us to watch closely to see if we can get a confirming breakout on this pattern above neckline resistance at $52... Read More 

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Etsy (ETSY) Looks Crafty Here

by Greg Schnell

Etsy.com (ETSY) is a website focused on the craft community. This user community is a large group with very unique and creative products. As a retailing website, ETSY is bringing craft providers to craft buyers. Etsy went public in April 2015... Read More 

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Renewable Energy Stock Fills Breakaway Gap

by Tom Bowley

It's nice to see a heavy volume gap higher to break a downtrend. It can be a very strong signal that sentiment has changed on a particular stock or industry group... Read More 

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Retail SPDR Hits Moment-of-truth

by Arthur Hill

The Retail SPDR (XRT) is at its moment-of-truth with a long-term bullish pattern battling a short-term bearish pattern. Long-term, the ETF formed a double bottom and broke resistance with the July surge... Read More 

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Fifth Third Bank Corp (FITB) Breaks Above A Long Down Trend

by Greg Schnell

Fifth Third (FITB) is a bank with an upward bias above the previous peaks. After spending almost 2.5 years building a ceiling on the stock, FITB is finally pushing through. The SCTR started pushing up above 75 back in July. Last week was the break above the trend line... Read More 

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Financials iShares Bounces off Breakout

by Arthur Hill

Chartists looking to track the finance sector can turn to the iShares Financials ETF (IYF). Note that the Finance SPDR (XLF) is in the midst of a metamorphosis this week so chartists can consider watching IYF for clues on the finance sector this week... Read More 

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Here Are The Four Technology Industry Groups You Don't Want To Ignore

by Tom Bowley

After technology stocks (XLK, +2.70%) clubbed the energy sector (XLE, -2.64%) last week, the former group is now the leading sector over the past six months, widely outperforming the benchmark S&P 500 index... Read More 

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XLI SCTR Drops To New 52 Week Lows

by Greg Schnell

The Industrial Sector (XLI) SCTR has gone from top to bottom in the last few months. One of the reasons this is a little concerning is when the SCTR for the XLI dropped into the bottom quadrant in 2015, it marked a 6-month struggle for the index and the sector... Read More 

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Live Nation Chart Is Like Music To My Ears

by Tom Bowley

Live Nation Entertainment (LYV) is a $5 billion consumer discretionary company that in late July reported excellent quarterly results and gapped higher to touch the 28.00 level. The stock's all-time high came in October 2015 just beneath 30.00... Read More 

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A Bad Chart Review for TripAdvisor

by Arthur Hill

The chart for TripAdvisor (TRIP) shows bearish patterns on two different timeframes and the stock looks poised for a breakdown. First, note that the long-term trend is down because the 50-day EMA is well below the 200-day EMA... Read More 

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Las Vegas Sands (LVS) Ups The Bid

by Greg Schnell

Las Vegas Sands (LVS) has been moving higher for a while. The news now is that LVS is breaking out to 52-week highs. Even more interestingly, it has been rising while the markets have been selling off the last few days... Read More 

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Wynn Resorts Bucks the Selling Pressure

by Arthur Hill

It is always interesting to find out which stocks advance when the market falls sharply, such as Friday. The S&P 500 was down over 2% with heavy selling pressure, but 11 stocks managed to buck the selling pressure and close higher on Friday... Read More 

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Apache's (APA) Alpine High Reminds Me Of Caroline - Must Read

by Greg Schnell

In the oil business, rarely are huge new fields found as the geophysical technology gets better and better. Usually, oil exploration companies find smaller new plays, but the large ones are pretty well mapped. Every now and then, a surprise shows up... Read More 

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Will This Paper Company Hold Key Gap Support?

by Tom Bowley

Domtar Corp (UFS) has returned to a key support zone between 37.00-37.50. A close below this level would be bearish as Domtar's longer-term chart is neutral at best. I'd be looking for the top of the earnings-related gap higher in late July to hold. That day, the open was 37... Read More 

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2016 is becoming the Year of Small Caps

by Arthur Hill

The year started weak for small-caps, but their fortunes quickly turned around in February and this group is now leading the market. The chart below shows the Russell 2000 relative to the Russell 1000 using the price relative ($RUT:$RUI ratio)... Read More 

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Yelp Is In The New High Neighbourhood

by Greg Schnell

Yelp (YELP) has recovered nicely under the radar. With over 400 new highs today, YELP was in the same neighbourhood. The stock has been climbing nicely and the SCTR shows it being one of the top performers. The breadth today was big with lots of stocks participating... Read More 

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This Homebuilder Is Testing Major Gap Support

by Tom Bowley

One of my favorite trades is looking for a bounce off of gap support. Many times, the top of gap support will provide great support and the stock will never "fill" the entire gap back to the prior close. PulteGroup (PHM) lost the top of its gap support at 21... Read More 

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BB&T (BBT) Strikes New 52 Week Highs

by Greg Schnell

The financial charts are broadly breaking out to new 6-month highs. Some are breaking out to new annual highs like BB&T (BBT). With the SCTR trying to get above 75, this stock is starting to show leadership... Read More 

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Haliburton Weakness Setting Up Strong Reward To Risk Trade

by Tom Bowley

Haliburton (HAL) had risen close to 70% from its February low to its early June high, but since that time has simply consolidated those gains. Over the past two weeks, HAL has declined close to 10% and is nearing a very important short-term price support level... Read More