Don't Ignore This Chart! November 30, 2016 at 06:01 AM
Celgene (CELG) showed bullish price action throughout 2016 and recently formed a bullish pennant that could set up an even more bullish 2017. Let's work from left to right on this chart starting with the big base that looks like a double bottom... Read More
Don't Ignore This Chart! November 29, 2016 at 11:38 PM
Hilton Hotels (HLT) finally broke above a base it has been building for a year. The new 52 week highs are important. The SCTR is breaking above 75 in concert with the breakout on the stock. The Relative Strength shown in purple is breaking out to new highs as well... Read More
Don't Ignore This Chart! November 28, 2016 at 10:48 AM
Even though its bell-weather status diminished over the years, IBM is still a big blue chip stock and remains a titan in the technology sector. Thus, a 52-week high in IBM bodes well for the market overall and the tech sector... Read More
Don't Ignore This Chart! November 26, 2016 at 11:07 AM
Renewable energy ($DWCREE) has been among the worst areas of the stock market to invest since topping over two years ago. There could be reason for hope, however, as rising crude oil prices ($WTIC) could trigger interest in the group again... Read More
Don't Ignore This Chart! November 25, 2016 at 02:24 PM
General Motors (GM) is testing the 3-year trend line it has been driving under since the release of the 2014 models. On the Trump jump, GM surged above previous 9-month resistance around $33. Last week it pulled back a little but this week resumed the pressure to the upside... Read More
Don't Ignore This Chart! November 24, 2016 at 10:29 AM
After a double top and nearly two years of downtrending price, American Express (AXP) has finally turned the corner and its stock price is rising... Read More
Don't Ignore This Chart! November 23, 2016 at 10:27 AM
The Energy SPDR (XLE) hit a new 52-week high this week, but its largest component, Exxon Mobil (XOM) remains well below its summer high and is not participating... Read More
Don't Ignore This Chart! November 22, 2016 at 01:13 PM
Macy's (M) has been deflating for the better part of a year. However, in November Macy's has started to light it up before their famous Macy's Thanksgiving parade this weekend. Photo:Macy's... Read More
Don't Ignore This Chart! November 21, 2016 at 10:40 AM
Despite relative weakness the last few weeks, XLK remains in a clear uptrend and shows no signs of weakness on the price chart. First, note that XLK recorded 52-week highs throughout 2016 and is currently less than 2% from a new high... Read More
Don't Ignore This Chart! November 20, 2016 at 01:21 PM
One of the best stock market stories of this century has been the remarkable growth of Starbucks (SBUX) and over the past five years, I can only point to one thing that slows the price appreciation. Coffee prices... Read More
Don't Ignore This Chart! November 18, 2016 at 12:58 PM
It's been downhill for a long time for CF Industries (CF), but finally its downtrend was broken and volume has been pouring into the stock at these lower prices. CF's short-term strength has taken it to a 50 week SMA test for the first time since August 2015... Read More
Don't Ignore This Chart! November 17, 2016 at 01:05 PM
One of the things about investing in Cyber Security is the preponderence of negativity around it... Read More
Don't Ignore This Chart! November 16, 2016 at 10:28 AM
Home Depot is the perfect cyclical stock because it sits at the crossroads of retail, housing and the consumer. The stock was a poster child of the bull market with a 200+ percent gain from 2013 to 2015. It did not stop there and even managed to hit new highs into 2016... Read More
Don't Ignore This Chart! November 15, 2016 at 03:44 PM
While the big moves on the back of the election have not included technology broadly, today represented a slight change. The Nasdaq was the best performing index today and the tech stocks were broadly bid. The Semiconductor ETF (SMH) is poised for its highest close in 5 weeks... Read More
Don't Ignore This Chart! November 14, 2016 at 11:28 AM
The Russian Trading System Index has yet to break down, but it is positively correlated to Brent Crude and the recent breakdown in Brent could foreshadow a breakdown in the Russian Index... Read More
Don't Ignore This Chart! November 13, 2016 at 12:22 PM
President-elect Trump has suggested that his presidency will focus on infrastructure and, as a result, heavy construction ($DJUSHV) finished last week higher by 12.36% to lead all industrial groups... Read More
Don't Ignore This Chart! November 11, 2016 at 09:57 AM
Bank of America (BAC) has moved above a major resistance zone that has frustrated the shareholders for 3 years. This surge is meaningful. As long as the $18 level holds, this looks like a classic breakout. The volume surge on the breakout is also very bullish support... Read More
Don't Ignore This Chart! November 10, 2016 at 02:48 PM
Over the past two trading sessions, treasuries are being sold hand over fist with corresponding yields soaring. Financials have exploded higher on this development. This is simply a continuation of what we've seen since the Brexit-related lows in June... Read More
Don't Ignore This Chart! November 09, 2016 at 10:24 AM
The Steel ETF (SLX) is leading the stock market on Monday with a 10% gain in early trading. Notice that this gain is simply extending an existing trend. In other words, chartists would have done just find by looking at the chart and ignoring the news... Read More
Don't Ignore This Chart! November 07, 2016 at 04:09 PM
The Finance SPDR (XLF) is leading the sector SPDRs with a new 52-week high on the price chart and with the price relative. On the price chart, XLF triggered its first breakout in early August with a move above the red resistance zone... Read More
Don't Ignore This Chart! November 06, 2016 at 10:59 AM
The past two weeks have not been kind to PayPal (PYPL) as the online payment enabler has dropped roughly 10% since reporting stellar quarterly results and witnessing a breakout to its post-IPO all-time high. PYPL beat estimates on both revenue (slightly) and EPS (.29 vs ... Read More
Don't Ignore This Chart! November 04, 2016 at 10:15 AM
FireEye (FEYE) hasn't had much to brag about since June 2015, but for those traders with high risk tolerance levels, FEYE could provide very nice returns from its current price level... Read More
Don't Ignore This Chart! November 03, 2016 at 07:25 PM
The $SPX has been drifting lower about a 1/2% a day for a couple of weeks now. No real menacing selloff, just a continued lack of buyers at higher levels. With the election fast approaching, we have some nervousness... Read More
Don't Ignore This Chart! November 02, 2016 at 01:10 PM
It's been a rough five weeks for the broader market, but a few stocks and groups are still shining. The S&P 500 SPDR (SPY) is down around 2.5% and eight of nine sectors are down since the end of September. The Finance SPDR (XLF) is the only sector showing a gain... Read More
Don't Ignore This Chart! November 01, 2016 at 03:37 PM
Gold (GLD) has been resting on the 200 DMA for the last three weeks. Today, GLD has gapped up above resistance and traded sideways throughout the day. GLD is sitting near the highs of the day at time of writing. This is a tough call directionally... Read More
