Art's Charts

April 2023

Art's Charts

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The Achilles Heel of ETFs

by Arthur Hill

Trend-momentum strategies trading ETFs were appealing because they generated lower drawdowns and decent returns. Trend-momentum strategies trading stocks, in contrast, were often subject to higher drawdowns, though returns were higher... Read More 

Art's Charts

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Overbought until it Turns – Using the McClellan Oscillator for Condition and the PPO for Timing

by Arthur Hill

Overbought and oversold conditions are tricky because stocks can become overbought/oversold and remain overbought/oversold as the move continues. This is why traders need another indicator or chart signal for confirmation... Read More 

Art's Charts

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Waning Participation Within a Key Benchmark Could Spell Trouble

by Arthur Hill

Breadth is holding up for Nasdaq 100 ($NDX) stocks, but deteriorating for S&P 500 index ($SPX) stocks. I view this as a warning sign for the stock market. Breadth indicators measure the degree of participation... Read More