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SCTR Surges for First Solar and Dean Foods

Chartists can use the StockCharts Technical Rank (SCTR) table on an intraday basis to find stocks making big moves. A sort of the “change” column shows First Solar and Dean Foods improving the most in early trading. Also notice that four financial stocks and three technology stocks are in the top ten.

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Several 52-week Highs Grace the Technical Alerts Page

StocksCharts.com has a new technical alerts page that shows key milestones for dozens of ETFs and indices. On Thursday, September 13th, note that 10 securities recorded new 52-week highs. These include the Nasdaq, Russell 2000, Dow, S&P 500 and six sector SPDRs.

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Monsanto and Corn Moving Step-for-Step

The chart below shows Monsanto (MON) with black candlesticks and the Corn ETF ($CORN) as a red dashed line. Notice how these two fell together in April and early May, and then surged together in June and July. The Correlation Coefficient confirms this relationship with a positive reading since mid June.

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Falling Yen Pushes Nikkei Towards 10K

Lifted by exporters, the Nikkei 225 ($NIKK) is one of the best performing markets over the last eight weeks. The chart below shows the index surging from ±8400 to ±9900 since mid January (+17.8%). With lots of exporters, the sharp drop in the Yen ETF (FXY) no doubt helped this index.

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Euro ETF Retraces 50% of its Prior Decline

The rally in the Euro Currency Trust (FXE) has been rather sharp, but the ETF has still only recovered half the prior loss. Notice how FXE declined from 142 to 126 (16 points) and then advanced to 134 (8 points). Like the October surge, this advance could be just a corrective rally in a bigger downtrend.

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Nordstrom Shows Relative Weakness as Bollinger Bands Narrow

The stock market rallied in January, but Nordstrom (JWN) traded flat and shows relative weakness. Even though the stock has yet to break down, volatility is narrowing as the Bollinger Bands contract. Notice that Bollinger Band width is at its lowest in over six months. Watch the range for the next direction clue.

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Despite Big Gain, Sector Carpet Shows Mixed Picture for the Week

Stocks moved sharply higher for the second time in two days, but remain mixed, at best, over the last five days. The chart below comes from the Sector Carpet. The red squares show losers, while the green squares show gainers. Notice the numbers at the top of each sector box. The utilities sectors is the only gainer the last five days (+.30). The rest are in negative territory.

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Renko Chart Shows a Clear Level to Beat for DIA

Renko charts filter out the noise by requiring minimum price moves before the plot changes. This Renko chart shows the Dow Industrials SPDR (DIA) based on closing prices with 50 cents as the minimum move. A clear decline has taken shape in May with resistance at 125.

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The Netherlands and Greece Show Relative weakness in Europe

The PerfChart shows the year-to-date performance for six European stock indices. Surprisingly, the Italian Milan Index ($MIB) is the best performing. Germany is a close second though. It is also surprising to see the Netherlands Index ($AEX) down for the year and showing relative weakness.

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AAPL dominates Nasdaq 100 and QQQQ

A look at the Market Indices Carpet in market cap mode shows Apple (AAPL) taking up the most real estate with the largest rectangle. This means Apple carries the most weight in the index. Click the “Nasdaq 100” header to focus on the Nasdaq 100. Click the market cap button at the bottom left (middle) to change to market cap mode. Hover over the squares to see each ticker and click the square to see a line chart on the left. 

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