Don't Ignore This Chart!

Crude Enters Second Weakest Month on a Down Note

by Arthur Hill

Light Crude fell sharply on the last trading day of October and ended the month down. Crude even poked its head above $52 twice during the month, but fell sharply the last two weeks of October and ended below $47... Read More 

Don't Ignore This Chart!

Charter Hits Price Support, Bounces

by Tom Bowley

There are basic technical analysis 101 principles and perhaps none more significant than the premise of price support and price resistance. During an uptrend, think of support and resistance as you would traveling higher in an elevator in an office building... Read More 

Don't Ignore This Chart!

This Krafty Trade May Be Just The Topping For Your Portfolio

by Greg Schnell

I spent a significant portion of my webinar discussing the market situation currently. I presented a number of charts that have me concerned about the market direction. So with that as a backdrop, finding strong defensive stocks could be a good balance of offence and defence... Read More 

Don't Ignore This Chart!

Russell 2000 On Verge Of Breakdown But.....

by Tom Bowley

Small cap stocks tumbled today, losing 1.23% and far exceeding losses incurred on the other major indices. Since Monday's close, the Russell 2000 has dropped approximately 3% while the benchmark S&P 500 has retreated less than 1%... Read More 

Don't Ignore This Chart!

Chubb Reverses at Key Level with a Gap

by Arthur Hill

Chubb trended lower from July to October, but a gap-laden reversal off a big support zone suggests that this decline may be reversing. More importantly, this decline looks like a correction with a bigger uptrend. Let's look at the evidence for a long-term uptrend... Read More 

Don't Ignore This Chart!

This Foreign Country ETF Is Starting To Outperform

by Greg Schnell

The Japanese $NIKK has started to break out to the upside. However, the currency is dropping. For investors, we have seen this movie before. Using the ETF's that hedged the currency worked out much better for investors last time the Yen dropped and the $NIKK soared... Read More 

Don't Ignore This Chart!

Euro ETF Forms Massive Consolidation within Downtrend

by Arthur Hill

The Euro ETF (FXE) formed a large triangle after a sharp decline and this pattern could be just a big rest within a bigger downtrend. After falling some 25% in one year, FXE found support in March 2015 and moved sideways the last 20 months... Read More 

Don't Ignore This Chart!

Will The Bull Market Resume? Watch This Chart

by Tom Bowley

There are fundamental, technical and historical factors that drive U.S. equity prices. Earnings and interest rates have very clear fundamental impacts. The Fed has done everything in their power to keep interest rates at historically low levels in an attempt to promote growth... Read More 

Don't Ignore This Chart!

Another Big Cap Tech Name Soars To New Highs

by Greg Schnell

Recently, the market rally has been led predominantly by tech names. Microsoft (MSFT) added its name to the New Highs file today... Read More 

Don't Ignore This Chart!

American Express Beats Earnings, Raises Guidance And Challenges Resistance

by Tom Bowley

Wednesday, after the closing bell, American Express (AXP) posted quarterly results that blew away consensus estimates for EPS and also managed to top revenue estimates... Read More 

Don't Ignore This Chart!

Natural Gas ETF Breaks out of Continuation Pattern

by Arthur Hill

The FirstTrust Natural Gas ETF (FCG) has been one of the top performing ETFs this year with a year-to-date gain of around 18%. As the chart below shows, the overall trend is clearly up and the ETF is forming a small bullish continuation pattern... Read More 

Don't Ignore This Chart!

Alphabet (GOOGL) Makes A New 52 Week High

by Greg Schnell

Alphabet (GOOGL) broke out above resistance to a new 52 week high and a new all time high today. The SCTR has been gently climbing and pushed above 75 today. The Relative Strength is breaking out to new 8 month highs... Read More 

Don't Ignore This Chart!

Can the Consumer Discretionary Sector Turn it Around in Q4?

by Arthur Hill

The consumer discretionary sector is one of the weakest performing sectors over the last six months, but the overall chart looks constructive and I am watching the October highs for a breakout... Read More 

Don't Ignore This Chart!

Bottomline Is Hoping Gap Support Is The Bottom

by Tom Bowley

About seven weeks ago, Bottomline Technologies (EPAY) produced excellent quarterly earnings results when its top line edged Wall Street consensus estimates and its bottom line crushed them... Read More 

Don't Ignore This Chart!

TLT Touches The 200 MA

by Greg Schnell

The bond market has been selling off considerably. Now the TLT is sitting at horizontal support and touching the 200 MA. This is an important place to expect support for a trade to the long side. The risk / reward ratio can be very good by having a stop just under these levels... Read More 

Don't Ignore This Chart!

Here's How To Use The MACD For A Sell Signal

by Tom Bowley

My favorite indicator, other than the combination of price and volume, is definitely the MACD. I've studied it for years and I use it as a very important momentum indicator in my trading strategy... Read More 

Don't Ignore This Chart!

Bollinger Bands Narrow as Dow Gears Up for a Move

by Arthur Hill

The Dow Industrials remains locked in a trading range since the 11-Sept breakdown and chartists should watch this range for the next directional clue. The chart shows the Bollinger Bands in pink and the indicator window shows BandWidth... Read More 

Don't Ignore This Chart!

QQQ - Outside Week, Struggling Momentum

by Greg Schnell

I don't talk about the technology stocks a lot as Arthur and Tom do a great job of zeroing in on them. This week seems like a good week to change it up a little... Read More 

Don't Ignore This Chart!

Rising Rates and Strong Seasonality are Part of a Bullish Recipe for Banks

by Arthur Hill

The rise in Treasury yields and bullish fourth quarter provide a strong tail-wind for banking stocks as we head into year-end... Read More 

Don't Ignore This Chart!

Lining Up Multiple Buy Signals To Minimize Risk

by Tom Bowley

There is no such thing as a guarantee when it comes to stock trading. However, using technical analysis as a predictive tool to manage your risk is the key to success in my opinion. Let's take EnCana Corp (ECA) as an example... Read More 

Don't Ignore This Chart!

Natural Gas Send Off A Flare UNG

by Greg Schnell

Natural Gas is breaking out of a 4-month consolidation! Photo: 660-news.com The breakout is really important for traders. However, Natural Gas (UNG) swings wildly... Read More 

Don't Ignore This Chart!

MetLife Leads Strong Life Insurance Group

by Tom Bowley

The Dow Jones U.S. Life Insurance index ($DJUSIL) broke above 650 for the first time in 2016, buoyed by suddenly surging 10 year treasury yields ($TNX). Leading the charge in the group is MetLife (MET), which at today's high had gained 33% since its post-Brexit low near 36.00... Read More 

Don't Ignore This Chart!

JP Morgan Leads Financials with Breakout and New High

by Arthur Hill

Banking stocks are leading the market on Wednesday and JP Morgan is leading the sector as one of the first of the big banks to hit a new high. I featured the Regional Bank SPDR (KRE) and the Bank SPDR (KBE) in ChartWatchers this weekend and JPM has the same chart pattern working... Read More 

Don't Ignore This Chart!

S&P 500 Holds Resistance Breakout with Successful Throwback

by Arthur Hill

The S&P 500 broke above a big resistance zone with the July surge and this breakout should be considered bullish until proven otherwise. Classic technical analysis teaches us that broken resistance turns into the first support level and this is exactly what happened in September... Read More 

Don't Ignore This Chart!

The Next Breakout In This Pipeline Stock Would Be Huge

by Tom Bowley

On a weekly closing basis, Antero Midstream Partners LP (AM) has vacillated between support near 18.00 and resistance at 28.00 for the past two years. While the Dow Jones U.S... Read More