Art's Charts

November 2013

Art's Charts

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IWM Revives and Surges to New High

by Arthur Hill

Programming note: I am taking some holiday this week and Art's Charts will not be updated on Tuesday, Wednesday and Friday. The market is closed on Thursday and will close early on Friday (1PM)... Read More 

Art's Charts

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ITB Stalls after Breakout - UUP Breaks Flag Resistance

by Arthur Hill

Programming note: I am on the road Friday and commentary for Art's charts will not be published on Friday. The next commentary will be on Monday. Taper talk allegedly weighed on the market Wednesday, but the declines in the major index ETFs were minimal... Read More 

Art's Charts

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Charts of Interest: APC, ATML, DHI, EMC, HPQ

by Arthur Hill

APC Forms Flag after High Volume Decline. ATML Springs a Bear Trap. Plus DHI, EMC and HPQ Individual charts are below video... Read More 

Art's Charts

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Semis Weigh as XSD Breaks Flag Support

by Arthur Hill

Stocks corrected the last two days with relatively mild selling pressure. The Russell 2000 ETF (IWM) lost .62% and the S&P 500 ETF (SPY) fell just .22%. IWM continues to show relative weakness over the last six weeks. The sectors were mixed with six down and three up... Read More 

Art's Charts

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QQQ Leads Late Sell Off - KOL Forms Bearish Engulfing

by Arthur Hill

Stocks traded relatively flat the first part of the day and then got hit with selling pressure in the afternoon. Techs led the way down with the Nasdaq 100 ETF (QQQ) losing around 1%... Read More 

Art's Charts

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Charts: CAT, COF, DOW, FB, MOVE, NVR, PEG, RDC

by Arthur Hill

CAT Extends Post-Gap Consolidation. COF Shows Relative Weakness as Wedge Forms. Plus DOW, FB, MOVE, NVR, PEG, RDC Individual charts are below the video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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ITB Reverses Downswing and GLD Bounces off October Low

by Arthur Hill

The bulls continue to press their case as the major index ETFs scored modest gains for the week. It is not as if buying pressure is especially strong. Buying pressure, however, is clearly stronger than selling pressure. In fact, selling pressure is pretty much non-existent... Read More 

Art's Charts

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Major Index ETFs and NYSE AD Volume Line Hit New Highs

by Arthur Hill

There is no change in the indicator summary as the bulk of the evidence remains bullish. We saw new highs in SPY, RSP and MDY this week. The NYSE AD Volume Line also hit a new high. Net New Highs surged as buying pressure picked up in November... Read More 

Art's Charts

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SPY and QQQ Hit New Highs, But IWM Drags its Feet

by Arthur Hill

Stocks got a bounce, but there were some pockets of weakness in the market. Get this. The Russell 1000 iShares (IWB) moved higher, but the Russell 2000 ETF (IWM) edged lower. We can blame this on the growth component because the Russell 2000 Value iShares (IWN) was up ... Read More 

Art's Charts

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Charts of Interest Video: BAX, BIIB, CNL, MAS, SIAL, TE, WFC

by Arthur Hill

Video for Art's Charts: BAX Bounces off Support with Good Volume. BIIB Hits an Interesting Juncture. Plus CNL, MAS, SIAL, TE, WFC Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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IWM and QQQ Surge with Double Flag Breakouts

by Arthur Hill

Trading started mixed on Wednesday, but stocks caught a midday bid and raced higher to close strong. The Nasdaq 100 ETF (QQQ) and the Russell 2000 ETF (IWM) led the way. All sectors were up with the Consumer Discretionary SPDR (XLY) leading (+1.58%)... Read More 

Art's Charts

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Charts of Interest: BAX, BIIB, CNL, MAS, SIAL, TE, WFC

by Arthur Hill

BAX Bounces off Support with Good Volume. BIIB Hits an Interesting Juncture. Plus CNL, MAS, SIAL, TE, WFC Individual charts are below. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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XLF Falls below Breakout Point - QQQ Hits Moment of Truth

by Arthur Hill

It was another mixed day for the major index ETFs. The Nasdaq 100 ETF (QQQ) edged higher, while the S&P 500 ETF (SPY) edged lower. Six of the nine sector SPDRs finished lower with the Finance SPDR (XLF), Energy SPDR (XLE) and Utilities SPDR (XLU) leading the way... Read More 

Art's Charts

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SPY Challenges Resistance, but IWM Remains Weak

by Arthur Hill

Stocks meandered in slow trading on Monday. The Nasdaq 100 ETF (QQQ) edged lower and the S&P 500 ETF (SPY) edged higher. The sectors were mixed with fractional gains and losses... Read More 

Art's Charts

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Charts of Interest: BRCM, DF, DHI, FNSR, TSO

by Arthur Hill

BRCM Firms at 50-62% Retracement. DF Forms Bull Flag after Surge. Plus DHI, FNSR, TSO Video is at top. Individual charts are below... Read More 

Art's Charts

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Stocks Are Mixed with SPY Holding and IWM Folding

by Arthur Hill

The bulls went on a run after non-farm payrolls beat expectations and prior months were revised higher. Strength in employment put tapering back on the agenda and weighed on bonds. Taper-talk also weighed on gold as the Dollar surged and held last week's breakout... Read More 

Art's Charts

How Can I Count the Number of Bars or Days in a Price Move?

by Arthur Hill

This article can be found in the Mailbag blog (click here)... Read More 

Art's Charts

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AD Lines and AD Volume Lines Correct Within Uptrends

by Arthur Hill

The bulk of the evidence remains bullish, but this uptrend is getting long in tooth and the market is ripe for a correction. Note that the majority of technical indicators have been positive for a year now, which is the longest stretch since I began this table... Read More 

Art's Charts

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IWM Leads Lower as SPY Test Key Level

by Arthur Hill

Things that make you go hmm.... Stocks declined and a few media reports blamed a better-than-expected GDP report. Also note that October same-store retail sales were up 4%, which ain't bad considering all that shutdown stuff... Read More 

Art's Charts

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Euro, the Dollar and Gold Brace for ECB Meeting

by Arthur Hill

It was a strange day on Wall Street. The Dow Industrials surged over 100 points, but the Russell 2000 fell .43%. The Consumer Staples SPDR (XLP) and Utilities SPDR (XLU) led the market higher, but the Technology SPDR (XLK) also showed relative strength with a 1.01% gain... Read More 

Art's Charts

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Charts of Interest: LNKD, MDR, MOVE, STX, WIN, YELP

by Arthur Hill

LNKD Forms Bear Flag at Support. MDR Surges with Huge Volume. Plus MOVE, STX, WIN, YELP Video is at top. Individual charts are below... Read More 

Art's Charts

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ITB Hits Key Retracement, but Rising Yields Weigh

by Arthur Hill

Stocks edged lower on Tuesday with the major index ETFs ending with small losses. The S&P Midcap SPDR (MDY) fell .63% and the S&P 500 ETF (SPY) lost .32%, but the Nasdaq 100 ETF (QQQ) bucked the selling with a fractional gain (+.11%)... Read More 

Art's Charts

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IWM Hits Key Retracement and Moment of Truth

by Arthur Hill

Stocks rebounded on Monday with modest gains in the major index ETFs. Small-caps led the recovery as the Russell 2000 ETF (IWM) gained 1.15% on the day... Read More 

Art's Charts

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Charts: BBBY, BOOM, EBAY, GTIV, IGT, IMMR, PMTC, RLGY

by Arthur Hill

BBBY Consolidates After Big Gap. BOOM Turns Volatile on High Volume. Plus EBAY, GTIV, IGT, IMMR, PMTC, RLGY Video is at top. Individual charts are below... Read More 

Art's Charts

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IWM Breaks Down, but SPY and QQQ Hold Strong

by Arthur Hill

Stocks finally took a breather last week as small-caps led the correction. The Nasdaq 100 ETF (QQQ) and S&P 500 ETF (SPY) corrected with trading ranges, while the Russell 2000 ETF (IWM) corrected with a 2.13% decline... Read More 

Art's Charts

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Small-Caps Start to Lag, but AD Lines Keep Pace

by Arthur Hill

The indicator summary remains firmly positive, but stocks stumbled this week with small-caps and financials weighing on the market. After big runs the last three weeks, the major index ETFs are again short-term overbought... Read More 

Art's Charts

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Surging Dollar Rattles Gold and Oil

by Arthur Hill

Stocks were mostly weak on Thursday, but selling pressure was modest and there were a few pockets of strength. The Russell 2000 ETF (IWM) led the way lower with a .58% decline. The Nasdaq 100 Equal-Weight ETF (QQEW) managed a .03% gain on the day... Read More