Don't Ignore This Chart!

September 2017

Don't Ignore This Chart!

Two Bullish Charts In A Very Bullish Industry

by Tom Bowley

Delivery services ($DJUSAF) broke out of a bullish continuation cup with handle pattern a few weeks ago and appears poised for a further fourth quarter rally, albeit with some profit taking along the way... Read More 

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Bonds And Financials - Setting Up A Fourth Quarter Showdown

by Greg Schnell

Bonds and Financials are correlated tightly. We all know that. But the trade appears to be getting set up for a fabulous fourth quarter again. This chart inverts the TLT 20 Year Bond ETF on the top panel so that it behaves the same as the financials... Read More 

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Watch these Yield Spreads for Clues on the Greenback

by Arthur Hill

The US Dollar ETF (UUP) is made of five currency pairings. The Dollar/Euro ($USDEUR) pair accounts for 57.6%, Dollar/Yen ($USDJPY) weighs 13.6%, Dollar/Pound ($USDGBP) is 11.9%, Dollar/Canadian ($USDCD) is 9.1% and Dollar/Swiss ($USDCHF) is 3.6%... Read More 

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Is Expedia (EXPE) The Way To Pay For Your Next Holiday?

by Greg Schnell

The Expedia (EXPE) chart demonstrates a lot of technical setups here. If the setup works, this could pay for your next holiday! Let's walk through them. First of all, the SCTR is a little weaker than I would like and needs to hold 50. The early half of 2016 has an SCTR below 50... Read More 

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Costco Forms Bullish Pennant Near Breakout

by Arthur Hill

Costco (COST) fell on hard times this summer with a plunge from the low 180s to the 150 area. Despite this gap and sharp decline, the stock firmed in July-August and surged above the red resistance zone in September... Read More 

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Tesla Weakens But Chart Is On Cruise Control

by Tom Bowley

Tesla (TSLA) remains a crowd favorite as the stock's 2017 advance has been accompanied by extremely heavy volume. I see major accumulation when I look at TSLA's chart... Read More 

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Is Apple (AAPL) About To Take A Bite Of Your Portfolio?

by Greg Schnell

Apple (APPL) long loved and always watched for exciting products came out with a new suite of products last week. With their ability to garner a lot of free advertising in the media discussing the new products, Apple usually generates a tidal wave of sales... Read More 

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Let Interest Rates Soar If You're Long Equities!

by Tom Bowley

Fed Chair Janet Yellen suggested there'd be another interest rate hike in 2017 and the Fed's overall tone was a bit more hawkish than was anticipated by Wall Street. That resulted in a big spike in the 10 year treasury yield at 2pm EST yesterday, the time of the Fed announcement... Read More 

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Broadcom Consolidates within Uptrend $AVGO

by Arthur Hill

This is my third straight DITC posting with a semiconductor stock. The first featured Texas Instruments forming a cup-with-handle pattern and the second featured Intel with a surge towards long-term resistance... Read More 

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BP (BP) Breaks Out To New Two Year Highs

by Greg Schnell

British Petroleum (BP) has been wobbling higher while oil has had a series of lower highs over the course of 2017. This week, BP has pushed to new two year highs. With an astounding dividend yield of 6% and superb price action on the stock, this chart looks great... Read More 

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Intel Goes for a Big Breakout $INTC

by Arthur Hill

Some sixty stocks in the S&P 500 were up 5% or more last week, and Intel was one of them... Read More 

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Willis Towers Watson (WLTW) Pushes Higher

by Greg Schnell

Willis Towers Watson (WLTW) Risk Management company is breaking out to new highs this week. In the face of Hurricanes Harvey and Irma, the stock is surging. It surged above a three month consolidation last week and today it continues to move higher... Read More 

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After Long Basing Period, Pharmas Look To Break Out

by Tom Bowley

Sometimes the best moves higher occur after an extended period of sideways price action, or basing. We recently saw a breakout in biotechs ($DJUSBT) and that industry quickly became one of the strongest. The healthcare sector (XLV) also has been among the strongest sectors... Read More 

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Texas Instruments Traces out Bullish Continuation Pattern $TXN

by Arthur Hill

Texas Instruments (TXN), the semiconductor behemoth, formed a bullish cup-with-handle pattern and a classic volume-based indicator points to a breakout. The chart shows TXN hitting resistance in the 83-84 area from June to September (red zone)... Read More 

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Textron (TXT) Busts Through 2017 Resistance

by Greg Schnell

Textron has had a tumultuous last couple of years. The stock has been rallying out of a deep base. It has spent 2017 consolidating, but this week the stock accelerated to new highs. The SCTR is surging up to 75... Read More 

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Volatility Contracts as J&J Consolidates

by Arthur Hill

Johnson & Johnson (JNJ) appears to be ending its consolidation period with a surge and triangle breakout over the last three days. Overall, the stock is in a long-term uptrend because it hit a 52-week high in June and remains well above the rising 200-day moving average... Read More 

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Petrobras (PBR) Takes Out The 40 Week Moving Average

by Greg Schnell

With everyone jumping on the emerging market trade, Brazil has recently shot up to new 9-year highs on the local market chart. Petrobras (PBR), one of the biggest energy companies operating in Brazil is making a moving now too. It is taking out the 40 Week Moving Average... Read More 

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Gambling Index Prints Reversing Shooting Star Candle

by Tom Bowley

Over the past six months, the Dow Jones U.S. Gambling Index ($DJUSCA) has gained 27.35% to lead all consumer discretionary groups. In fact, renewable energy ($DWCREE) is the only industry group among all sectors to outperform gambling stocks... Read More 

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Lowes Holds Support and Forms Potential Reversal Pattern

by Arthur Hill

Lowes (LOW) successfully tested the 71 area twice in July-August and surged above short-term resistance this week... Read More 

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Cabot Oil And Gas (COG) Shifts A Gear Higher

by Greg Schnell

Cabot Oil and Gas (COG) is not just another cog in the oil-patch wheel. This peppy producer just broke out to two year highs, contrary to all the naysayers who keep looking back at the performance charts for energy... Read More 

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Diamondback Energy (FANG) Coils

by Greg Schnell

Energy is the most beaten down sector. The SCTR is hanging out at 3.8 and 75 is a good score. It couldn't get uglier? Who knows, but there are a ton of positive divergences setting up on the energy related charts right now... Read More