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Latest Posts

S&P 100 Joins the Gang with a New PMO BUY Signal

by Erin Heim

The DecisionPoint Scoreboards have been flipping out! I mean the signals are flipping quickly on all of the Boards! I wrote about the five signal changes we got yesterday in the DP Alert article here. The short term picture is very bullish with all four major indexes showing "green". The long-term picture is also very favorable. Momentum in the intermediate term is still declining (you can view...  Read More

4/26 MarketWatchers Show Recap

by Erin Heim

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most  Read More

Vodafone and Cable Could be Bottoming

by Arthur Hill

Even though Vodafone remains in a long-term downtrend, the stock has been on my watch-list recently because it could be putting in bottom. Analysis of Vodafone and other ADRs is not straight-forward because there is a currency component. Usually, the movement of the stock is more than enough to compensate for any adverse currency movements, but the British Pound took a big hit in June and this...  Read More

Materials Break Out To Lead Another Market Surge

by Tom Bowley

Market Recap for Tuesday, April 25, 2017 U.S. indices closed significantly higher for a second consecutive session, this time with materials (XLB, +1.61%) leading eight of the nine sectors higher.  Only utilities (XLU, -0.13%) failed to gain on the session.  We are seeing breakouts one at a time across our major indices, sectors and industry groups.  Many of the...  Read More

Caterpillar (CAT) Breaks Out On Earnings

by Greg Schnell

Caterpillar (CAT) broke out on earnings today. Let's look at the chart. This chart absolutely launched above resistance. The SCTR soared to 93, the Relative Strength pushed to new 4-month highs.  This chart looks very strong. Finning (FTT.TO) is the world's largest Caterpillar dealers in the world. This chart has only pulled back from $27 to $23...  Read More

DP Alert: New Signals on DP Scoreboards - Market Follows-Through on Rally

by Erin Heim

We already saw some shake up on the DP Scoreboards on Friday with the new intermediate-term PMO SELL signals on all but the NDX. With the recent rally, we are now seeing the Scoreboards flip back to bullish in the short term. The S&P 100 is a hair away from producing its PMO BUY signal. I've included the charts below the Scoreboards. You'll note the breakouts on all of the charts. Price is...  Read More

Lumber Stocks Soar On Tariff Announcement

by Greg Schnell

WIth tariffs being applied today, I thought I would take a look at the forestry stocks. I think we'll all be surprised to see them soaring with $LUMBER limit down in the Futures market today. Note the $LUMBER price will be updated after the market close. This is yesterday's close for $LUMBER and real time for the stocks. Starting with the WOOD ETF, the chart is beautiful...  Read More

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NASDAQ HITS NEW RECORD WHILE DOW INDUSTRIALS AND S&P 500 TURN UP -- SMALL CAPS HIT NEW RECORD AND SHOW NEW LEADERSHIP

by John Murphy

MARKET INDEXES TURN HIGHER ... The stock market is continuing to benefit from the "risk on" rally that started yesterday after the weekend vote in France. And all signs are currently positive. Chart 1 shows the PowerShares QQQ hitting a new record for the second day in row. The Nasdaq 100 ETF is being powered by rising technology stocks which are the year's strongest...  Read More

S&P 500 Breaks Downtrend, Financials Surge

by Tom Bowley

Market Recap for Monday, April 24, 2017 Global markets rallied on the heels of French election results and U.S. markets were no exception.  We surged right out of the gate and didn't look back.  The NASDAQ flirted with the 6000 level before settling for an all-time high close of 5983.  The Russell 2000 nearly touched 1400 before it settled for a 1.31% gain, the...  Read More

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Major Index ETFs Finally Surge above Chandelier Exit - Chinese Stocks Remain Subdued

by Arthur Hill

.... Small-cap ETF Closes above Chandelier Exit .... New Highs Expand within Tech and Industrials  .... Tech Stocks and ETFs Dominate New High List .... Agribusiness ETF Gets a Wedge Breakout .... Chinese Stocks Remain Subdued .... Stocks to Watch: HBAN, JBHT, CA, PFPT, NKE, WBC ....  IJR Closes above Chandelier Exit With a big surge in the major index ETFs, it is time to re-visit the...  Read More

Market Pops, Vol Drops -Russell 2000 Outperforms -Financials Rally -9 Top Stocks In Dow 30 Industrials -12 Top Europe ETFs

by Tushar Chande

The market's rallied sharply on French election results, and confirmed the change in sentiment we had detected last Monday.  The Direxion Daily S&P 500 Bear (3x) ETF (SPXS), which reflects bearish bets on the market, crashed through the neckline of a head-and-shoulders formation we showed...  Read More

Three New IT PMO SELL Signals on DecisionPoint Scoreboards!

by Erin Heim

We had three new signal changes hit the DecisionPoint Scoreboards on Friday (4/21). When I reviewed the weekly charts on Friday, I noted that the Price Momentum Oscillators (PMOs) had finally crossed below their signal lines on all but the NDX (which retains its current BUY...  Read More

4/24 - Monday's Show Recap with Greg Schnell

by Erin Heim

  Welcome to the recap of Monday's MarketWatchers LIVE show, your antidote for CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most interesting during the show (or that we found most...  Read More

4/21 Friday MarketWatchers LIVE Show Recap

by Erin Heim

  Welcome to the recap of Friday's MarketWatchers LIVE show. Listen and watch a show devoted to technical analysis of the stock market with live market updates. It's StockCharts.com's antidote for the CNBC/FBN lunchtime chatter. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most interesting  Read More

Tensile Trading ChartPack Update (2017-Q1) Updated Charts and the Latest Fidelity Moves

by Gatis Roze

Anywhere you see excellence and mastery happening, you'll discover the same set of recurring universal truths.  Great athletes achieve excellence and make it look effortless. Great investors make market mastery seem natural and make profits look easy. I love the line "I worked all my life to become an overnight success."  For me, this embodies the foundation of excellence and the...  Read More

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FRENCH VOTE SENDS GLOBAL STOCKS HIGHER -- FRANCE LEADS EUROPEAN RALLY

by John Murphy

FRANCE LEADS EUROPE HIGHER... French stocks are leading big gains in eurozone stocks. A strong Euro is giving an even bigger boost to eurozone ETFs. Chart 1 shows MSCI France iShares (EWQ) surging more than 5% to the highest level in three years. That compares with a 4% gain in the French 40 CAC Index. The difference between the two is the 1.2% gain in...  Read More

NASDAQ Poised To Set All-Time High After French Election

by Tom Bowley

Market Recap for Friday, April 21, 2017 The S&P 500 trended lower from midday Thursday through Friday's close and that extended a much longer downtrend that began after the gap higher back on March 1st.  Futures are very bright green this morning, however, so we could finally see an end to the consolidation period that our major indices have been dealing with...  Read More

EuroTop 100 Hits New High, but Still Not Outperforming S&P 500

by Arthur Hill

The Eurotop 100 Index surged over 2% and hit a new high to affirm its current uptrend, which began with the breakout and golden cross in early December. The index established support around 2900 over the last two months and this is the first area to watch going forward. A break below this level would be negative and suggest that a correction is beginning. Even though the index is at a new high...  Read More

Filtering the Noise III

by Greg Morris

First of all, I must apologize for my lack of creativity for these article titles.  The previous two " Filtering the Noise" and " Filtering the Noise II" were about moving averages and suggesting a better way to  Read More

HON Climbs With An Earnings Pop On High Volume

by Greg Schnell

Honeywell (HON) had a nice earnings report that popped the stock after a shallow pullback.  This price move generated signals on various indicators. The SCTR surged above 75 and the Relative Strength surged to new 9 month highs. The price action made a new intraday high and broke out from a shallow downtrend. The volume climb was significant with 10 Million shares in 2 days. For...  Read More

DecisionPoint Weekly Wrap 4/21/2017 -- Correction Over?

by Carl Swenlin

Last week I wrote, "The first necessary signal that the correction is over would be for the daily PMO (Price Momentum Oscillator) to turn up."  That happened on Thursday, but there was no follow through on Friday due to, I believe, it being options expiration day, which tends to dampen volatility and keep prices steady. The slight decline caused the PMO to turn down again, but the  Read More

Vive la Volatilite (Or, Let Them Eat Risk-Off Cookies!)

by Tushar Chande

The market chose to fret about French elections this week, because a string of recent elections have led to unexpected outcomes, even though US exposure to the French economy is quite small.  Earnings season helped risk-on sectors gain this week, and risk-off groups waned.  However, trader anxiety, doused early in the week, flared up again after the terrorist incident on Champs...  Read More

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Video - Weekly Market Review & Outlook - Is the Correction Over?

by Arthur Hill

-----   Video Link   -----   Art's Charts ChartList (updated 22-Apr)   -----      This video is a companion to the  Read More

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Weekly Market Review & Outlook - Small-caps Perk Up and Sector Balance is Bullish

by Arthur Hill

.... Weekly Market Review & Outlook  .... Economically Sensitive Groups Take the Lead .... Small-caps Get a Breadth Thrust .... New Highs Hit 4-week High .... IJR and MDY Lead Bounce .... More Consolidation than Correction for SPY .... QQQ Continues to Lead .... Ranking the Sectors for the Four Day Surge .... Sector SPDRs Still Tilting Bullish .... EW Consumer Discretionary Sector  Read More

Thursday's Rally Recipe Filled With Bullish Ingredients

by Tom Bowley

Market Recap for Thursday, April 20, 2017 We've yet to see the breakouts in our major indices that we're looking for, but yesterday's rally was quite bullish with leadership coming from the small cap Russell 2000 ($RUT, +1.24%), financials (XLF, +1.69%) and industrials (XLI, +1.21%).  All three of those led the huge rally back in November and December - on an absolute and...  Read More

DP Alert: New ST Trend Model BUY for NDX - Gold Pulls Back

by Erin Heim

Today the Nasdaq 100 triggered a new Short-Term Trend Model (STTM) BUY signal. This replaces a Neutral signal from exactly one week ago. In the thumbnail of the chart below the  Read More

Dycom Breaks Cup Resistance With Strong Volume

by Tom Bowley

Our major indices have been consolidating for many weeks and that's enabled many individual stocks to consolidate in bullish continuation patterns.  Dycom Industries (DY) is one such stock as it formed a long-term cup from early-August to late-February before printing a handle throughout March.  The right side of the cup showed very heavy volume before volume tailed off as the...  Read More

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MONEY IS ROTATING INTO THE EUROZONE WHICH IS OUTPERFORMING THE U.S. -- BRITISH STOCKS ARE LAGGING BEHIND

by John Murphy

EUROZONE STOCKS ARE ATTRACTING GLOBAL FUNDS ... Part of the reason that U.S. stocks haven't been doing so well during 2017 is that global funds are moving into other parts of the world. Especially to Europe. More specifically, the eurozone. The reason is simple. U.S. stocks are considered to be more expensive, while eurozone stocks are viewed as a better bargain. The following charts...  Read More

Gold Stalls, Miners Underperform, Caution Once Again!

by Greg Schnell

Gold is at a major inflection point on the chart. Technicians of all persuasions will be checking out this chart. However, there are multiple technical views of the same chart. The RSI on the following chart suggests Gold is back in a bear market. The RSI is at the top level (~60) for a bear market rally. The MACD right at zero doesn't give us any clues. Secondly, a more...  Read More

Rally In Semiconductors Looking Suspicious

by Tom Bowley

Market Recap for Wednesday, April 19, 2017 The U.S. equity market enjoyed strong early gains on Wednesday only to see them mostly evaporate throughout the balance of the session.  The Dow Jones lagged badly all day as one of its components - IBM (-4.92%) - disappointed Wall Street with its latest quarterly results.  Weakness in energy (XLE, -1.47%) contributed to...  Read More

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Some Markets And Key Ratios Are At The Brink, But At The Brink Of What?

by Martin Pring

Bond yields sending a deflationary message Intermarket signals from equities are close to deflationary signals So are similar measures for bonds More on confidence relationships Wednesday's close saw a lot of key ratios and some markets resting on key trendlines and moving averages. Since these benchmarks represent potential support, that could mean a bounce, followed by a reversal of recent...  Read More

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Measuring the Risk Appetite with Beta, Volatility and Ratios - GDX Underperforms GLD

by Arthur Hill

.... High-Beta/Low-Vol Ratio Reflects Risk Environment .... Risk Ratios Stabilize within Downtrends .... Stock:Bond Ratio Turns Down .... High Yield Bond SPDR Could be Vulnerable .... Internet, Software and Cloud-Computing Hold Up .... Gold Miners ETF Underperforms Gold ....  High-Beta/Low-Vol Ratio Reflects Risk Environment There are a number of ways to measure the risk appetite in the...  Read More

04/19 MarketWatchers LIVE Show Recap

by Erin Heim

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most...  Read More

Commodities Countdown Video Recording 2017-04-20

by Greg Schnell

Here is this weeks Commodities Countdown Video Recording. On the recording I worked through Breadth, Currencies, Bonds, Commodities including Gold and Oil, Foreign markets, and some unique charts. Lots of information on Intermarket Analysis. Commodities Countdown With Greg Schnell 2017-04-20 from  Read More

Ionis Pharmaceuticals (IONS) Shows Promise

by Erin Heim

During today's MarketWatchers LIVE show (12:00p - 1:30p EST MWF), Tom will review and annotate ten charts in ten minutes at ten minutes to one. We call it the "Ten in Ten to One". One of the first charts he reviewed was Ionis Pharmaceuticals (IONS) which we both agreed looked pretty good right now. You'll find my analysis below...  Read More

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ENERGY SHARES LEAD MARKET LOWER AS CRUDE OIL DROPS TO TWO-WEEK LOW -- TWO ENERGY ETFS FALL TO NEW 2017 LOW

by John Murphy

CLIMB IN GASOLINE SUPPLIES HURTS CRUDE... A surprising jump in gasoline supplies caused heavy selling in the price of crude oil and gasoline. Chart 1 shows the United States Oil Fund (USO) falling nearly 4% today to the lowest level in two weeks. The USO also fell back below its 50- and 200-day moving averages. And it do on rising volume. Gasoline fell 3%. That helped...  Read More

Etrade Corrects into Fibonacci Cluster

by Arthur Hill

It has been a rough year for small-caps because the Russell 2000 iShares is up just 1.34% year-to-date and severely trailing the S&P 500 SPDR, which is up around 5.5%. Chartists looking for clues of a small-cap revival may want to watch E-Trade Financial (ETFC) and the other discount brokers (SCHW and AMTD). I will focus on ETFC today because it is currently correcting within an uptrend. An...  Read More

Industrial Suppliers Have Had A Rough Week

by Tom Bowley

Market Recap for Tuesday, April 18, 2017 The Dow Jones U.S. Industrial Suppliers Index ($DJUSDS) tumbled more than 6% on Tuesday as the group absorbed its second earnings shock in the past week.  W.W. Grainger (GWW) came up short of its earnings expectations, then lowered guidance and traders punished the stock as GWW fell more than 11%.  This drop followed a...  Read More

Utilities (XLU) moving into leading quadrant, what are the strongest (and the weakest) stocks for this sector?

by Julius de Kempenaer

The Relative Rotation Graph above holds the stocks that, together, make up the Utilities sector index (XLU). The keen observer may notice that there is one stock, NRG, positioned in the "gutter" of the chart. This is done on purpose as NRG is so far out to the right of the graph that it compresses all other stocks if I would include it, properly positioned, on the RRG. I  Read More

DP Alert: Indicators Turn South - UUP New PMO SELL Signal

by Erin Heim

A look at the DecisionPoint Scoreboards reminds us that the short term is weak. Don't be fooled by the IT PMO BUY signals on the boards right now, I happen to know we have negative crossovers showing up on the weekly charts for three of these indexes. It's not surprising that our indicators are in line with the current scores. The purpose of the DecisionPoint Alert Daily Update is  Read More