Art's Charts

January 2019

Art's Charts

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Short-Term Consolidations Unfold within Conflicting Trends

by Arthur Hill

Moving into the Prior Battle Zone. Pennant versus Gap for SPY. Lowest Close in two Weeks for QQQ. IWM Holds Up the Best. Divide and Conquer with Sector Analysis. ... Moving into the Prior Battle Zone ..... Read More 

Art's Charts

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Charts to Keep an Eye on this Week

by Arthur Hill

Big Four Retake 50-day SMAs. %Above 200-day Lags for XLP. 52-week Highs for 22 REITs. Jobless Claims Hit 40+ Year Low. TLT Stalls between Key Levels. Dollar Fails to Hold Breakout. Gold Breaks out of Small Consolidation. Shanghai Composite Forms Potential Double Bottom... Read More 

Art's Charts

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Weekly Market Review & Outlook - A Race to the 200-day

by Arthur Hill

Big Move within Bigger Downtrend. The Bullish Turn of the Month. S&P 500 Could Challenge 200-day. Junk Bonds Surge to Breakdown Zone. Key Supports for Big Six Sectors. Bull Flags in ITB and XHB. Bonds Turning Up ahead of Fed. International ETFs Outperforming S&P. ..... Read More 

Art's Charts

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Reversal Signs Appearing in SPY and TLT - XLC is Leading Lower

by Arthur Hill

SPY Forges a Gap-Gap Reversal What Makes this Wedge Break Significant? TLT Turns up from Oversold Levels. XLC is the First to Break. ... The mood of the market appears to be changing as stocks weaken and bonds strengthen. It looks like short-term trends are trying to reverse... Read More 

Art's Charts

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To Chase or Not to Chase?

by Arthur Hill

Volume is not What is Used to Be. 2008: Bear Bounce and Bullish Setup. 2010: Big Bounce and Big Pullback. 2011: Retracement and Bull Flag. 2014: October Volatility. 2015: Volatility and BREXIT Vote. 2019: What Now? On Trend on StockChartsTV. ... Volume is not What is Used to Be ... Read More 

Art's Charts

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Weekly Market Review & Outlook (with video) - A One Legged Chair

by Arthur Hill

Finance Does the Heavy Lifting. One out of Four is Not Enough. New Highs Remain Subdued. Majority of Stocks in Long-term Downtrends. The Lone Breadth Thrust. Bear Market Environments. Strength Outside of U.S. Stocks. Separating the Contenders from the Pretenders... Read More 

Art's Charts

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A Five Step Bearish Setup for ABC

by Arthur Hill

AmerisourceBergen (ABC) started the day strong and rose with the broader market, but turned south in the afternoon and formed a bearish engulfing... Read More 

Art's Charts

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Big Sectors Drive Short-term Breakout in SPY

by Arthur Hill

Stocks Bid to Extend Higher. SPY Enters the Prior Consolidation. Big Sectors Join the Breakout Parade. ... The S&P 500 SPDR (SPY) and several sector SPDRs broke out of short-term consolidations in a bid to extend the upswing that began on December 26th... Read More 

Art's Charts

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The 800-pound Gorilla Hits Resistance

by Arthur Hill

I highlighted the confluence of data points that argue for resistance in the S&P 500 last week and would like to review this as we start a new week. Note that I only focus on resistance when the bigger trend is down... Read More 

Art's Charts

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Weekly Market Review & Outlook (with Video) - Looking Outside the U.S. Stock Market

by Arthur Hill

Big Markets in Big Downtrends. Bullish Breadth Surge. Counting New Highs on One Hand. Vast Majority of Stocks in Downtrends. A Return to the Breakdown. A Potential Reversal Area. Finding Pockets of Strength. India Starts to Drag. Indonesia Extends on Breakout... Read More 

Art's Charts

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Perspective - 40 years of the Zweig Breadth Thrust - Weight of the Evidence

by Arthur Hill

Putting the Bounce into Perspective. 23-day Performance Overshadows 9-day Surge. 40 Years of the Zweig Breadth Thrust. AD Percent for $SPX, $MID and $SML. A Weight of the Evidence Approach. ... Putting the Bounce into Perspective ..... Read More 

Art's Charts

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Weekly Market Review & Outlook (with Video) - Until Proven Otherwise

by Arthur Hill

It is What it Is Breadth Indicator Review High-Low Percent Rebounds Vast Majority in Long-term Downtrends Volatility is Increasing, Not Decreasing Absolute Performance vs Relative Performance Risk-Off Environment Suggestions for Art's Charts ChartList ... It is What it Is ..... Read More