April 30, 2012 at 12:31 PM | written by Arthur Hill
The StockCharts Technical Rank (SCTR) is updated throughout the day so traders can find stocks making significant technical moves when they happen. The table below represents a snapshot from April 30th at 12:21 PM ET. These are the stocks with the biggest technical rank moves within the S&P 500. Click the table headings to sort a particular column.

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April 27, 2012 at 11:37 AM | written by Arthur Hill
The Consumer Staples Bullish% Index ($BPSTAP) is the strongest of the nine sector SPDR Bullish Percent Indexes. It is interesting that the BPI for this defensive sector shows the most strength. In contrast, the Consumer Discretionary Bullish% Index ($BPDISC) is currently around 69%. You can read more in our ChartSchool article.

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April 25, 2012 at 12:11 PM | written by Arthur Hill
The Dow Industrials remains in a long-term uptrend as it bounced off the bullish support line extending up from October 2011. This line and the April low combine to mark a key support zone in the 12850-12900 area. It would take a P&F print below the last O-Column would reverse this uptrend.

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April 24, 2012 at 11:04 AM | written by Arthur Hill
After hitting resistance in the 80-81 area in March, Citrix (CTXS) failed once again at this level with a shooting star candlestick last week. Notice the long upper shadow extending above 80. A down gap followed this bearish reversal candlestick and the next support zone resides around 71.

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April 23, 2012 at 12:04 PM | written by Arthur Hill
When it comes to the Commodity Channel Index (CCI), there is oversold and then there is OVERSOLD. Readings below -100 are average oversold, while anything below -200 is really oversold. For just the third time in twelve months, 20-day CCI for Apple moved below -200. Prior readings occurred in June 2011 and November 2011. Apple reports earnings on Tuesday.

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April 20, 2012 at 10:06 AM | written by Arthur Hill
The Nasdaq 100 ETF (QQQ) managed to firm after Monday’s sharp decline, but remains within a short-term downtrend defined by a falling flag. It would take a move above resistance at 67 to reverse this fall. Chartists can also watch for the Commodity Channel Index (CCI) for confirmation. A break above the March trendline would be the first sign of improving momentum.

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April 19, 2012 at 11:05 AM | written by Arthur Hill
The Sector Market Carpet shows big gains in three stocks powering these industry groups. EBAY is up over 15% and leading the internet group. FFIV is up over 13% and leading the networking group. Both groups are part of the technology sector. GILD is up over 10% and leading the biotech group, which is part of the healthcare sector.

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April 18, 2012 at 4:14 PM | written by Arthur Hill
Morgan Stanley fell to support with a sharp decline from late March to early April and then consolidated the last eight days. While the stock market bounced, MS remained flat and is lagging the market the past week. Watch the consolidation boundaries for the next directional signal.

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April 17, 2012 at 12:23 PM | written by Arthur Hill
The Industry Summary page provides chartists with an easy way to view performance for the nine big sectors and the industry groups that make up these sectors. The image below shows DJ US Coal Industry Index ($DJUSCL) leading the energy sector with a 4 plus percent gains. Chartists can click on the industry group name to see the stocks within this group.

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April 16, 2012 at 2:46 PM | written by Arthur Hill
With a bounce the last four days, the Transport iShares (IYT) held support from the early March low and remained range bound. Notice how the ETF has traded between 89.7 and 96 since mid January. Chartists should watch this range for the next directional signal.

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