Art's Charts April 30, 2013 at 05:58 AM
Stocks continued their march higher as the S&P 500 ETF (SPY) challenged its mid April high and the Nasdaq 100 ETF (QQQ) hit a new high for 2013... Read More
Art's Charts April 30, 2013 at 05:50 AM
BBY Consolidates within Uptrend. FNSR Bounces Off Support with Good Volume. Plus KSS, LOW, XCO This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise)... Read More
Art's Charts April 29, 2013 at 05:40 AM
After a set back two weeks ago, stocks rebounded last week with the Finance SPDR (XLF) and Consumer Discretionary SPDR (XLY) leading the charge. Both XLF and XLY recorded 52-week highs last week to extend their uptrends and establish support based on their April lows... Read More
Art's Charts April 26, 2013 at 05:17 AM
With a big rebound this week, the indicator summary remains firmly in the bullish camp. The NYSE AD Line hit a new high. The NYSE and Nasdaq AD Volume Lines also hit new highs... Read More
Art's Charts April 26, 2013 at 04:26 AM
Its been quite a rally over the last five days with the S&P 500 getting close to another all time high. Stocks, however, sold off in the final 90 minutes of trading and the major index ETFs closed off their highs for the day... Read More
Art's Charts April 25, 2013 at 06:24 AM
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Art's Charts April 25, 2013 at 06:16 AM
AMD Surges off Key Retracement. CAKE Reverses on High Volume. Plus APOL, CHS, CTXS, HSP, TEVA This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise)... Read More
Art's Charts April 24, 2013 at 04:14 AM
After a decline last week, the bulls reasserted themselves this week and pushed the major index ETFs up sharply the last three days. IWM and QQQ are up over 3% since Friday. SPY is up 2.36% in three days... Read More
Art's Charts April 23, 2013 at 05:17 AM
ADM Forms Continuation Pattern after Breakdown. AMX Bounces off Support. Plus EA, MAR, SPWR, UAL This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts April 23, 2013 at 04:29 AM
Stocks opened weak, but quickly found their footing as the major index ETFs worked their way higher the rest of the day. The Nasdaq 100 ETF (QQQ) gained 1% with strength in Microsoft, Intel, Apple and Amazon... Read More
Art's Charts April 22, 2013 at 06:40 AM
It is a HUGE week for earnings, which means we could see extra volatility the next several days. Texas Instruments reports on Monday, Apple reports Tuesday after the close, Qualcom is on deck Wednesday and Amazon reports on Thursday... Read More
Art's Charts April 19, 2013 at 07:59 AM
There were a few downgrades this week as stocks took a big hit for the second time this month. The AD Lines were downgraded to neutral because the Nasdaq AD Line broke support and the NYSE AD Line has yet to break support... Read More
Art's Charts April 19, 2013 at 04:53 AM
Stocks extended their losses on Thursday with the Nasdaq 100 ETF (QQQ) leading the way lower. Once again, Apple declined and weighed heavily on QQQ. Apple is down over 8% this week and earnings are scheduled next week... Read More
Art's Charts April 18, 2013 at 06:52 AM
Stocks started the day weak and ended the day with sizable losses. The Russell 2000 ETF (-1.74%) and Nasdaq 100 ETF (-1.95%) led the way lower. Apple weighed on QQQ as the stock broke below its March lows and recorded a 52-week low ahead of earnings next week... Read More
Art's Charts April 18, 2013 at 06:44 AM
ARIA Bucks the Selling with Good Volume. BIDU Surges and Consolidates. Plus CBS, DHI, EA, HPQ, MON This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts April 17, 2013 at 05:22 AM
Let the volatility begin! Stocks plunged on Monday, rebounded on Tuesday and are trading lower before the open on Wednesday. Yahoo! traded sharply lower after hours because it missed estimates on ad revenues. Intel was mixed after reporting weak first quarter earnings... Read More
Art's Charts April 16, 2013 at 06:15 AM
Stocks were hit hard on Monday with small-caps and mid-caps leading the way lower. The Russell 2000 ETF (IWM) fell 3.77% and the S&P MidCap 400 SPDR (MDY) declined 3.13%. All sectors were down with the Energy SPDR (XLE) loosing 4.08% and the Basic Materials SPDR (XLB) falling 3... Read More
Art's Charts April 16, 2013 at 06:08 AM
AAPL Tests March Low with Low Volume. GOOG Hits Trend Line Support. Plus CRM, CTXS, DRI, THOR, STMP, ZNGA This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts April 14, 2013 at 06:07 AM
Stocks came under early selling pressure on Friday morning after an unexpected decline in March retail sales. Selling pressure, however, lasted less than two hours as the major index ETFs found their footing around 11AM and edged higher the rest of the day... Read More
Art's Charts April 12, 2013 at 05:31 AM
The indicator summary remains firmly bullish with eight of ten indicators favoring the bulls. The two bearish indicators reflect relative weakness in the Nasdaq and small-caps, which indicates that the tolerance for risk is fading somewhat... Read More
Art's Charts April 12, 2013 at 04:48 AM
Stocks extended their rally on Thursday with the Consumer Discretionary SPDR (XLY) and the Healthcare SPDR (XLV) leading the way. Led by a big move in retail, XLY advanced .84% and hit a 52-week high. Led by big pharma, XLV advanced .96% and also hit a 52-week high... Read More
Art's Charts April 11, 2013 at 07:21 AM
Stocks took their cue from Treasuries and surged with gains across the board. The 20+ Year T-Bond ETF (TLT) fell sharply and the 10-year Treasury Yield ($TNX) surged as the Fed minutes revealed some dissent on the future of quantitative easing... Read More
Art's Charts April 11, 2013 at 07:08 AM
AEO Nears Broken Support with Rising Wedge. Traders Hold their Breadth on BBRY. Plus CQB, DGX, EMC, FINL, GM, TEVA This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts April 10, 2013 at 04:49 AM
Stocks limped higher as the Euro, gold and oil rebounded on Tuesday. A pullback in the Dollar also lifted silver and copper, both of which have been in the doldrums of late. The Basic Materials SPDR (XLB) stole the show as the only sector to gain more than 1%... Read More
Art's Charts April 09, 2013 at 07:08 AM
The major index ETFs followed through on the Friday afternoon rebound and closed modestly higher on Monday. The Russell 2000 ETF (IWM) led the way, but this small-cap ETF was also hit the hardest last week... Read More
Art's Charts April 09, 2013 at 06:52 AM
AAPL Tests Prior Low with Indecisive Candlesticks. AES Bounces with High Volume. Plus BHI, COF, FCX, GMED, POT This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts April 08, 2013 at 06:44 AM
Stocks were hit hard in early trading on Friday, but managed to firm during the day and even mount a recovery in the afternoon. The Nasdaq 100 ETF (QQQ) and S&P 500 ETF (SPY) still finished modestly lower. The S&P Midcap SPDR (MDY) surged and almost closed even on the day... Read More
Art's Charts April 02, 2013 at 12:39 PM
BCR Forms Bull Flag after Advance. Group Pressure Weighs as NUE Breaks Support on High Volume. Plus KLAC, MRK, SWC, WFM This commentary and charts-of-interest are designed to stimulate thinking... Read More
Art's Charts April 02, 2013 at 12:03 PM
It was a rather strange day in the stock market. The Russell 2000 ETF (IWM) fell by 1.34%, but the Dow SPDR (DIA) edged higher with a .02% gain. Defensive stocks led the Dow higher with nice gains in JNJ, MRK and UNH from healthcare, T from Telecom and PG from consumer staples... Read More
Art's Charts April 02, 2013 at 11:45 AM
It was another strange day on Wall Street. DIA, QQQ and SPY closed up on the day and hit new highs for 2013. In contrast, IWM and MDY were hit with selling pressure and failed to confirm. Small-caps and mid-caps were relatively weak for the second day running... Read More
