Art's Charts

October 2013

Art's Charts

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Charts of Interest: ACN, BAC, C, HOG, JPM

by Arthur Hill

Big banks show relative weakness and short-term breakdowns. BAC C JPM. Plus $HOG and $ACN Video is at top. Individual charts are below... Read More 

Art's Charts

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RSI Breaks Support on IWM Chart as Momentum Weakens

by Arthur Hill

Stocks finally took a breather with small-caps leading the way lower. The Russell 2000 ETF (IWM) fell 1.37% and the Russell Microcap ETF (IWC) fell 1.70%. All sectors were down, but the losses were relatively modest. The Consumer Staples SPDR (XLP) led the way lower with a ... Read More 

Art's Charts

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SPY Hits New High, but Small-Caps Lag

by Arthur Hill

The rally rabbit continued its run as the S&P 500 ETF (SPY) hit a new high. All major index ETFs were up, but the gains were modest and I am starting to see a little relative weakness in the Russell 2000 ETF (IWM) and S&P Midcap SPDR (MDY)... Read More 

Art's Charts

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Raff Channel Extends high for SPY - TLT Holds Breakout

by Arthur Hill

Stocks finished mixed on Monday with the Russell 2000 ETF (IWM) falling .05% and the S&P 500 ETF (SPY) rising .16%. The sectors were also mixed with relatively small moves, excluding the Consumer Staples SPDR (XLP), which surged 1.31% and hit a new high... Read More 

Art's Charts

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Charts: AMTD, ATVI, CPRT, CX, EA, RDC, TTWO, TSN

by Arthur Hill

AMTD Forms Flag after Breakout. Aroon Indicators in Parallel Decline for $ATVI. Plus $CPRT $CX $EA $RDC $TTWO $TSN Video is at top. Individual charts are below... Read More 

Art's Charts

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AD Lines and AD Volume Lines Hit New Highs

by Arthur Hill

Stocks simply continue to march higher. Buying pressure may be waning, but it is still outpacing selling pressure. The Nasdaq and NYSE AD Lines and AD Volume Lines hit new highs... Read More 

Art's Charts

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XLY Leads the Market with a New High

by Arthur Hill

The major index ETFs edged higher with modest gains. Selling pressure hit some areas of the market, but there were some pockets of serious strength that lifted the stocks. In particular, the Home Construction iShares (ITB) continued its rise with a 2.84% advance on the day... Read More 

Art's Charts

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Stocks Stall, but Major Index ETFs Maintain Short-Term Uptrends

by Arthur Hill

After hitting new highs for the move early Tuesday, stocks weakened over the last two days with the Technology SPDR (XLK) and Energy SPDR (XLE) leading the way lower. Over the last three days, the S&P 500 ETF (SPY) formed a reversal with a gap up, consolidation and gap down... Read More 

Art's Charts

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Charts of Interest: ADSK, CZR, SRPT, USG, WDAY

by Arthur Hill

ADSK Hits Support Zone after Pullback. CZR Retraces 62% with a Wedge. Plus SRPT, USG, WDAY Video is at top. Individual charts are below... Read More 

Art's Charts

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Stocks Extend Gains, Even as Treasuries Surge

by Arthur Hill

Stocks extended their rally with another broad based advance. The S&P 500 ETF (SPY) and the S&P Equal Weight ETF (RSP) both gained around .70% on the day... Read More 

Art's Charts

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Charts of Interest: COH, DOX, GTIV, LMT, RTN

by Arthur Hill

COH Firms within Falling Flag. DOX Breaks out on Good Volume. Plus GTIV, LMT and RTN Video is at top. Individual charts are below... Read More 

Art's Charts

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TLT Holds Breakout Ahead of Employment Report

by Arthur Hill

Stocks treaded water with mixed trading on Monday. The Nasdaq 100 ETF (QQQ) edged higher with a .22% gain, while the Russell 2000 ETF (IWM) edged lower with a .20% loss. The sectors were mixed with the Technology SPDR (XLK) gaining .54% and the Healthcare SPDR (XLV) loosing .51%... Read More 

Art's Charts

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QQQ Surges and TLT Breaks Out Ahead of Key Report

by Arthur Hill

The bull stampede continued last week as the Nasdaq 100 ETF (QQQ) led the major index ETFs to new highs. All sectors were higher last week with the Finance SPDR (XLF) and Energy SPDR (XLE) leading the charge... Read More 

Art's Charts

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Indicator Summary Supports Long-Term Uptrend in Stocks

by Arthur Hill

There are some minor divergences brewing, but the overall picture remains positive for stocks. The market is clearly strong as four of the five major index ETFs surged to new highs this week. The Dow SPDR (DIA) is the lone laggard because it remains below its September high... Read More 

Art's Charts

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TLT Breaks Flag Resistance as GLD Surges to Resistance

by Arthur Hill

Stocks continued their march higher with interest rate sensitive issues leading the charge. The Utilities SPDR (XLU) led the sectors higher with a 1.62% gain and the Home Construction iShares (ITB) surged above the mid September trend line... Read More 

Art's Charts

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SPY Hits New High as TLT Forms Bull Flag

by Arthur Hill

The government reopened as congress passed a deal and the president signed off. That is the good news. The bad news is that this process will repeat itself early next year. This would be funny, if it weren't so sad... Read More 

Art's Charts

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Charts of Interest: ALTR, CHRW, JNPR, LEN, WY

by Arthur Hill

ALTR Breaks Channel Resistance. CHRW Hits Resistance at Gap. Plus JNPR, LEN and WY Video is at top. Individual charts are below... Read More 

Art's Charts

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XSD, QQQ and IWM Hit New Highs and Lead

by Arthur Hill

The on-off deal in Washington DC was off on the open and back on by the close. Accordingly, stocks opened weak and closed strong with the Russell 2000 ETF (IWM) and Nasdaq 100 ETF (QQQ) hitting new highs... Read More 

Art's Charts

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Charts of Interest: AMD, PENN, PFE, RDC, RF, STI

by Arthur Hill

AMD Challenges Key Level with Volume. PENN Forms Continuation Pattern after Breakout. Plus PFE, RDC, RF, STI Video is at top. Individual charts are below... Read More 

Art's Charts

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SPY Holds the Gap, but Defensive Sectors Lead

by Arthur Hill

Signs of hope dissipated over the weekend as the war of words took over in Washington. It is hard to say what is a negotiating ploy and what it substantive. One this seems for sure though: this is going to go down to the wire and any deal will likely come at the last minute... Read More 

Art's Charts

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Several Oil Equipment & Services Stocks Hit New Highs

by Arthur Hill

The Oil Equipment & Services industry was hot on Monday with several stocks hitting new highs. Chartists can find a list of new highs on the pre-defined scans page, which is updated throughout the trading day... Read More 

Art's Charts

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Indicator Summary Remains Positive Overall

by Arthur Hill

Stocks pulled back in early October, but the long-term uptrends were never in jeopardy and the indicator summary stayed green the entire time. Net New Highs for the Nasdaq and NYSE dipped to the zero line earlier this week, but bounced with Thursday's stock market surge... Read More 

Art's Charts

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IWM and QQQ Surge above Broken Support

by Arthur Hill

Stocks surged on hopes of a deal in Washington... Read More 

Art's Charts

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GLD Fails at First Resistance - TLT Extends Falling Flag

by Arthur Hill

Stocks started the day weak, but caught a lunchtime bid and bounced off their morning lows. There was no follow through to this bounce as the major index ETFs fell back in the final hour and ended the day mixed... Read More 

Art's Charts

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Charts of Interest: AAPL, APH, CL, CVS, FLO, TEVA

by Arthur Hill

AAPL Forms Bullish Continuation Pattern. APH Firms at Support with Good Volume. Plus CL, CVS, FLO, TEVA Video is at top. Individual charts are below... Read More 

Art's Charts

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IWM and QQQ Break Short-Term Support

by Arthur Hill

Stocks took it on the chin with broad-based selling pressure on Tuesday. The Nasdaq 100 ETF (QQQ) and Russell 2000 ETF (IWM) led the way and broke short-term support levels. This means IWM and QQQ have joined SPY and DIA with downtrends... Read More 

Art's Charts

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XLY Breaks Support and GLD Breaks Flag Resistance

by Arthur Hill

Stocks opened weak, bounced and then closed weak. Small-caps led the way lower with the Russell 2000 ETF (IWM) falling just over 1%... Read More 

Art's Charts

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Charts of Interest: AMT, ATML, COV, HD, JBLU

by Arthur Hill

AMT Consolidates after Gap-Breakout. ATML Fall on Expanding Volume... Read More 

Art's Charts

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SPY Trends Lower as QQQ and IWM Consolidate

by Arthur Hill

It remains a tale of two markets. The Dow Industrials SPDR and the S&P 500 ETF are weak and in short-term downtrends. The Russell 2000 ETF and Nasdaq 100 ETF are holding up and remain in consolidation patterns since September 18th... Read More 

Art's Charts

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New Highs in QQQ and IWM Counter Weakness in SPY

by Arthur Hill

The Dow Industrials SPDR and the S&P 500 ETF pulled back over the last two weeks, but the Nasdaq 100 ETF and Russell 2000 ETF held strong and hit new highs earlier this week. Relative strength in QQQ and IWM is more important than relative weakness in SPY and DIA... Read More 

Art's Charts

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Momentum Weakens for IWM and QQQ - SPY Breaks Pennant

by Arthur Hill

Stocks moved lower with broad-based selling pressure on Thursday. Stocks just don't seem to know what they want... Read More 

Art's Charts

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TLT Forms Falling Flag as SPY Consolidates with Pennant

by Arthur Hill

Stocks edged lower on Wednesday, but the losses were fairly muted. The Russell 2000 ETF (IWM) fell .41% and the S&P 500 ETF (SPY) declined just .09% on the day. The sectors were mixed with small gains and losses... Read More 

Art's Charts

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Charts of Interest: DF, FFIV, INFY, PFE, XRAY

by Arthur Hill

DF Breaks Triangle Support to Continue Downtrend. FFIV Bounces off Breakout Zone. Plus INFY, PFE, XRAY Video is at top. Individual charts are below... Read More 

Art's Charts

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IWM and QQQ Break to New Highs

by Arthur Hill

Theshut down was not enough to derail the first trading day of the month phenomenon. There has been a bullish bias on the first trading day of the month for years now. Managers accumulate funds during the month and then deploy them at the beginning of the next month... Read More 

Art's Charts

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IWM and QQQ Hold Support and Short-Term Uptrends

by Arthur Hill

**This chart analysis is for educational purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities** There is a lot of uncertainty in the market place right now and this means every little news bite could trigger a price swing... Read More 

Art's Charts

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Charts of Interest: ATML, CREE, FLIR, LULU, VMC

by Arthur Hill

ATML Tests Support with Bullish Candlestick. Broken Resistance Turns Support for CREE. Plus FLIR, LULU, VMC Video is at top. Individual charts are below... Read More