Don't Ignore This Chart! August 31, 2017 at 11:57 AM
I have to admit I love breakouts of long-term basing patterns and the Dow Jones U.S. Auto Parts Index ($DJUSAP) is currently in the midst of the mother of all basing patterns... Read More
Don't Ignore This Chart! August 30, 2017 at 10:14 AM
EBAY shows signs that the correction is ending and the bigger uptrend is resuming. First, the long-term trend is up because the stock hit a 52-week high in July. The stock then corrected with a move back to a support zone around 34-34.5... Read More
Don't Ignore This Chart! August 29, 2017 at 02:18 PM
Valero (VLO) is moving up on the back of the gasoline issues around the Houston flooding, but the chart was already at the top of the range before Monday. Monday it broke out to new highs and on Tuesday retreated off those highs once again... Read More
Don't Ignore This Chart! August 28, 2017 at 11:50 AM
The Retail SPDR (XRT) is one of the worst performing industry group ETFs and Target (TGT) is one of the downside leaders. Even though the stock is up sharply since early July, it is down over 20% year-to-date and seriously lagging the broader market in 2017... Read More
Don't Ignore This Chart! August 26, 2017 at 11:50 AM
It's rare when stocks line up bullishly from a technical perspective, in addition to both fundamental and seasonal perspectives as well. But that's exactly what I see when looking at Autodesk (ADSK). Let's start with fundamentals... Read More
Don't Ignore This Chart! August 25, 2017 at 06:04 PM
Latin American ETF's are a broad way to play the move in Industrial Metals as well as the weakness in the $USD. One broad ETF for multiple Latin American countries is ILF. This just keeps moving to new highs and has broken above resistance... Read More
Don't Ignore This Chart! August 24, 2017 at 09:29 PM
It was another round of selling for Whole Food Markets' (WFM) competitors as Amazon.com (AMZN) made headlines by announcing that prices would be cut at WFM stores... Read More
Don't Ignore This Chart! August 23, 2017 at 09:29 AM
The sector SPDRs are weighted by market-cap and this means the biggest stocks carry the most weight. The Materials SPDR (XLB), for example, is dominated by Dow Chemical (11.86%) and DuPont (12%)... Read More
Don't Ignore This Chart! August 22, 2017 at 03:18 PM
Gilead (GILD) was in the Biotech spotlight for many years. The rally in Biotech's that started in 2016 has largely missed Gilead. Recently, the Gilead chart changed character and started to improve. This might just make a nice entry... Read More
Don't Ignore This Chart! August 21, 2017 at 11:38 AM
Newmont Mining (NEM) is one of the bigger gold players and its performance is tied to the price of gold, which is challenging resistance... Read More
Don't Ignore This Chart! August 20, 2017 at 06:05 PM
I'm mostly a short-term momentum trader that likes to follow the big picture trend. But it's hard to ignore stocks after they've been bludgeoned for a potential quick bounce, especially when you see a reversing candle on heavy volume. Enter AMC Entertainment Holdings (AMC)... Read More
Don't Ignore This Chart! August 18, 2017 at 09:56 AM
$GOLD topped last year in July. The Gold miners topped August 12th. After spending a year in decline, the last six months of that have been base building. This morning, the pre-market action has $GOLD above $1302.00. For Commodity investors, Copper has been performing well... Read More
Don't Ignore This Chart! August 17, 2017 at 11:08 PM
Unless there's a reversal on Friday, the Dow Jones U.S. Internet Index ($DJUSNS) will close lower for the fourth consecutive week, equaling its longest losing streak since the DJUSNS bottomed in late 2008... Read More
Don't Ignore This Chart! August 16, 2017 at 11:38 AM
The long-term trend for Applied Materials (AMAT), a big semiconductor equipment manufacturer, is clearly up and the short-term trend could be turning up again with a gap three days ago... Read More
Don't Ignore This Chart! August 15, 2017 at 11:02 PM
The discussion about market tops seems to dominate most of the news. With the exception of severe market collapses, usually the market rotates through different sectors in the business cycle, even during down times... Read More
Don't Ignore This Chart! August 14, 2017 at 12:23 PM
The Dow Industrials is in a clear uptrend with a fresh 52-week high just last week. Note that this senior Average is hitting these new highs without much help from its second largest component, Goldman Sachs... Read More
Don't Ignore This Chart! August 13, 2017 at 01:58 PM
The Russell 2000 fell for the third consecutive week and its 2.70% loss last week fell below its rising 20 week EMA for only the second time in 2017... Read More
Don't Ignore This Chart! August 11, 2017 at 09:16 AM
The Gold space is particularly interesting this week. It marks 1 year since gold miners GDX topped out in 2016. The GDX printed a high of $31.70 on August 12th, 2016. GLD was already making lower highs. But the week brings a new chapter in GDX as well... Read More
Don't Ignore This Chart! August 10, 2017 at 12:30 PM
After the bell on Wednesday, NetEase.com (NTES) was hammered as its Earnings Per Share (EPS) of $3.86 fell short of Wall Street consensus estimates of $4.07... Read More
Don't Ignore This Chart! August 09, 2017 at 10:38 AM
The Gold SPDR (GLD) and the 20+ YR T-Bond ETF (TLT) are both having good years with GLD up around 10% year-to-date and TLT up around 7%. As the chart below shows, these two are positively correlated over the past 12 months... Read More
Don't Ignore This Chart! August 07, 2017 at 06:33 PM
Stocks and bonds are both having a good year with the S&P 500 SPDR (SPY) up 11.91% year-to-date and the 20+ YR T-Bond ETF (TLT) rising 6.53% since January. The advance in SPY has been much steadier than the choppy advance in TLT, but both sport nice gains so far in 2017... Read More
Don't Ignore This Chart! August 06, 2017 at 10:53 AM
Fresh off yet another stellar quarterly earnings report, Ferrari's (RACE) stock price has hit the accelerator once again. Its ascent truly has been remarkable as RACE has gone from 31 to 111 in 3.2 seconds... Read More
Don't Ignore This Chart! August 04, 2017 at 08:33 PM
Southern Co (SO) is a utility company with a pretty intriguing chart this week. THe SCTR got very low and is starting to move above 30, which is one style of trade I like. The Relative strength is clearly out of favor, so that is a major drawback... Read More
Don't Ignore This Chart! August 03, 2017 at 11:27 AM
First, please understand that any time you trade a small biotech company, there are considerable risks attached. These types of stocks are certainly not for everyone. One size does not fit all... Read More
Don't Ignore This Chart! August 02, 2017 at 10:43 AM
FireEye reported earnings on Tuesday and surged on Wednesday morning with a strong open. The stock is trading well below the open now, but I wanted to highlight the bigger patterns at work... Read More
Don't Ignore This Chart! August 01, 2017 at 04:09 PM
Quite a few of the telco's have surged in recent weeks. While the stocks have been accelerating, Verizon has been a standout. But it is not just the US Telco's that are ripping higher. The breadth across the industry makes the recent move important... Read More
