Art's Charts

April 2014

Art's Charts

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IWM Continues to Lag - GLD Hits Moment-of-Truth

by Arthur Hill

The major index ETFs closed with small gains as the market treaded water ahead of today's FOMC statement. These gains were enough to produce flag breakouts in QQQ and SPY. IWM remains in a downtrend and small-caps continue to hold the market back... Read More 

Art's Charts

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QQQ and SPY Forms Small Bull Flags

by Arthur Hill

It was a volatile and mixed day on Monday. The Dow Diamonds (DIA) closed a half percent higher to lead the major index ETFs, while the Russell 2000 ETF (IWM) closed .58% lower on the day... Read More 

Art's Charts

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Charts: AMGN, BTU, EXPD, GOOGL, LEN

by Arthur Hill

AMGN Spikes Near Support. BTU Breaks HS Resistance with Volume. Plus $EXPD, $GOOGL and $LEN VIdeo is unavailable while we work on a new interface... Read More 

Art's Charts

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SPY Holds Support - UUP Consolidates after Bounce

by Arthur Hill

Stocks sold off on Friday, but the long-term trends remain up. We cannot forget about the long-term trend because it is the bigger force... Read More 

Art's Charts

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IWM and QQQ Hit Key Retracement Levels

by Arthur Hill

Stocks have traded in mixed fashion for several weeks now. DIA, SPY and RSP are flat since early March, but QQQ and IWM are down. Relative weakness in small-caps and large-techs is a concern, but we have yet to see a breakdown in the broader market... Read More 

Art's Charts

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USO Tests Support as TLT Rebounds

by Arthur Hill

Stocks took a breather with techs leading the market lower on Tuesday. Relative weakness in techs may not last long because the Technology SPDR (XLK) and the Nasdaq 100 ETF (QQQ) are poised to open sharply higher on the heels of Facebook and Apple... Read More 

Art's Charts

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Charts: ANF, BAC, C, JPM, SYMC

by Arthur Hill

ANF Follows Up on Hammer. BAC Firms in Support Zone. Plus C, JPM, SYMC Individual charts are below video. Sorry but your browser doesn't support HTML5 video... Read More 

Art's Charts

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Breadth Indicators Hit New Highs - Gold Follows the Euro

by Arthur Hill

After becoming short-term oversold on 10-11 April, stocks firmed Monday-Tuesday last week and started a rally on Wednesday-Thursday. This short-term upswing continued this week with both QQQ and SPY advancing six days straight... Read More 

Art's Charts

On Leave for Two Weeks

by Arthur Hill

I am on a family vacation until April 18th and Art's Charts will be on hiatus for the next two weeks. The next Art's Charts will be published on Monday, April 21st... Read More 

Art's Charts

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TLT Fails to Hold Breakout as SPY Hits New High

by Arthur Hill

Programming Note: I will be at the MTA Symposium on Thursday and Friday, and Art's Charts will not be published on those days. The first trading day of the month lived up to its bullish reputation as stocks surged with a fairly broad-based rally... Read More 

Art's Charts

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Charts: BZH, CROX, F, JCI, TMUS

by Arthur Hill

BZH Forms Classic Elliott Setup. CROX Forms Continuation Triangle... Read More