Don't Ignore This Chart!

September 2018

Don't Ignore This Chart!

XLC recovering on Relative Rotation Graph, but for how long?

by Julius de Kempenaer

On the daily Relative Rotation Graph above, the new XLC sector is positioned inside the improving quadrant. XLC moved into the improving from lagging 5 trading days ago and is now heading higher on both scales at a positive RRG-Heading... Read More 

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Alphabet (aka Google) Hits Potential Reversal Zone

by Arthur Hill

Alphabet (GOOGL) fell around 10% from a recent high and this decline looks like a pretty normal correction within a bigger uptrend. Note that GOOGL is the biggest component (23.15%) in the new Communication Services SPDR (XLC). Facebook (FB) is the second largest weighting (17... Read More 

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Regeneron Holds Break as Volume Picks Up

by Arthur Hill

Regeneron (REGN), a large-cap biotech stock, is part of the Health Care SPDR (XLV) and a top ten holding in the Biotech iShares (IBB), Both ETFs hit 52-week highs recently and show upside leadership... Read More 

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Caterpillar Crawls Out Of A Trench (CAT)

by Greg Schnell

Caterpillar moved above the 200 day moving average this week to get out of the trench it was building. This trench has been a gentle correction from a massive uptrend in 2017. The SCTR is returning to 75 which is a great signal of strength. Notice the SCTR behavior in 2017... Read More 

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Canadian Healthcare and Financial Services winning over Energy

by Julius de Kempenaer

While browsing through some pre-populated RRGs on the site I stumbled upon the chart holding Canadian sectors... Read More 

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Disney Hits Potential Reversal Zone

by Arthur Hill

Disney hit a new high in early August and pulled back into September. The stock is part of a strong sector, consumer discretionary, and this pullback reached a potential reversal area... Read More 

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Procter & Gamble Attempts to Turn

by Arthur Hill

The Consumer Staples SPDR (XLP) has been leading the market since early May and Procter & Gamble is the largest stock in the sector (12.58%). On the price chart, PG is in the midst of a long-term trend change and the short-term trend is also turning up... Read More 

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United Technologies (UTX) Pushed The Penthouse Button

by Greg Schnell

United Technologies is a member of the Dow Jones Industrial Average. While this is a high profile group of stocks, the other stocks are commonly stealing the spotlight. This week, United Technologies (UTX) pushed the penthouse button to break above the trading range... Read More 

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Henry Schein Starts to Shine

by Arthur Hill

Outside of company specifics, the broad market environment and the sector are the biggest influences of a stock's price. The S&P 500 hit a new high recently so we are in a bull market. The Health Care SPDR (XLV) also hit a new high recently and it is one of the leading sectors... Read More 

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Alaska Air (ALK) Rises Above The Clouds

by Greg Schnell

The airlines are a mixed bag currently. American Airlines (AAL) has an ugly chart. Alaska on the other hand is leaving the runway and starting to rise above the clouds of 2018. There are new fresh breakouts occurring on this little pullback... Read More 

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Sonic (SONC) Looks Strong

by Greg Schnell

Sonic recently (June) broke above a big sideways basing pattern. It looks like Sonic is now ready to break above a consolidation after the sudden surge. The weekly chart also gives us a reason for optimism. The weekly is a clear breakout from years of channel trading... Read More 

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Germany Starts September With Some Trend Line Breaks

by Greg Schnell

While all of the European markets had a tough week, the chart of Germany is snapping a couple of very major trend lines on a weekly and monthly basis... Read More 

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One Semiconductor Equipment Stock Stands Out

by Arthur Hill

The Semiconductor SPDR (XSD) broke out to new highs last week and hit another new high on Tuesday. Despite strength in this broad-based semiconductor ETF, there are still pockets of weakness within the group. Namely, the semiconductor equipment stocks have been weak in 2018... Read More 

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The Nasdaq Exchange Tests A Breakout (NDAQ)

by Greg Schnell

The NASDAQ OMX Group (NDAQ) has consolidated recently for the last few months. For September it looks like it wants to start the month pushing for a break out to the upside. The SCTR shows the company holding in the top quartile... Read More