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Auto Parts Getting Its Engine Revving; Approaching MAJOR Breakout

by Tom Bowley

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 

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Ebay Reverses Near Key Retracement

by Arthur Hill

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 

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Valero (VLO) Pumps New Highs

by Greg Schnell

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 

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Target Reverses at Resistance with Big Engulfing Pattern

by Arthur Hill

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 

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Autodesk (ADSK) Sends Buy Signal Technically, Fundamentally, And Seasonally

by Tom Bowley

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 

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Latin America Starts To Run (ILF)

by Greg Schnell

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 

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Amazon To Cut Prices At Whole Foods, Prints Hammer On Support

by Tom Bowley

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 

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Dow and DuPont Lead XLB, and Threaten to Take Over the Sector

by Arthur Hill

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 

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Gilead (GILD) Changes Character

by Greg Schnell

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 

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Newmont Holds Breakout Zone with a Bounce

by Arthur Hill

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 

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AMC Might Entertain The Bulls This Week

by Tom Bowley

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 

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$GOLD Breaks Out

by Greg Schnell

$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 

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Internet Stocks Weekly Losing Streak Nearing Bull Market Record

by Tom Bowley

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 

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Mind the Gap in AMAT

by Arthur Hill

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 

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Time To Clean Out Your Portfolio?

by Greg Schnell

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 

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A Big Dow Component is Turning Up Again

by Arthur Hill

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 

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Small Caps Break Down; Where's Support?

by Tom Bowley

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 

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Gold Miners Break A Down Trend

by Greg Schnell

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 

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NetEase.com Getting Crushed After Earnings; The Bad News? The Selling Isn't Over

by Tom Bowley

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 

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Gold and Bonds are Moving in Tandem

by Arthur Hill

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 

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Correlation between Stocks and Bonds Turns Positive

by Arthur Hill

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 

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Ferrari Flying But Does It Need A Pit Stop?

by Tom Bowley

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 

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Southern Co (SO) Looks Up

by Greg Schnell

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 

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Here's A High Reward To Risk Biotech Play

by Tom Bowley

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 

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FireEye Battles Consolidation Support

by Arthur Hill

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 

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Verizon (VZ) Answers The Call

by Greg Schnell

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