Art's Charts

June 2014

Art's Charts

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QQQ Leads with New High - GLD Forms High and Tight Flag

by Arthur Hill

Stocks were hit with bouts of selling pressure on Tuesday afternoon and Thursday morning, but finished the week on a strong note. Overall, the major index ETFs were mixed for the week. QQQ gained 1.06%, SPY was down .06% and IWM rose .08%... Read More 

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IGN Forms Flag - TLT Extends Higher

by Arthur Hill

Stocks were mixed on Thursday with the Nasdaq 100 ETF edging higher (.05%) and the S&P 500 SPDR (SPY) edging lower (-.07%). Five sector SPDRs were up and four were down. Finance and consumer staples led the way lower with small losses... Read More 

Art's Charts

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KRE Forms Continuation Pattern as Stocks Bounce

by Arthur Hill

After an outside day and weak close on Tuesday, stocks rebounded on Wednesday and the major index ETFs closed modestly higher. Small-caps led the way lower on Tuesday and the way higher on Wednesday... Read More 

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Chart Setups: AMCC, BMY, DKS, FISV, KEY, L

by Arthur Hill

There are six setups today. First, we start tech stock that formed a high-tight flag. Second, there is a big pharma stock that is lagging the group, but formed a breakaway gap on big volume. Third, we have a bottom pick play for a sporting good store... Read More 

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Industrials and Consumer Discretionary Sectors Weaken

by Arthur Hill

Stocks started the day strong, but peaked near midday and fell in the afternoon. The major index ETFs formed outside days with a bearish bias. This means Tuesday's high-low range was outside Monday's high-low range and Tuesday's close was weak... Read More 

Art's Charts

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Chart Setups: ASEI, BA, GMED, MENT, NTAP

by Arthur Hill

There are five setups today. First, we start with an engineering concern that formed a triangle after a big surge. Second, there is a major aircraft maker with a gap and support break. Third, we have a healthcare stock with a bullish breakout in the works... Read More 

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TLT Holds Wedge Break - UUP Hits Support Zone

by Arthur Hill

The energizer bunny continues to power the stock market higher. Stocks have been considered overbought several times over the last few weeks, but the uptrend simply trumps everything. Small-caps led the advance last week as the Russell 2000 iShares surged 2.3%... Read More 

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Yields Move Higher Despite Dovish Fed - UUP Falls Back to Retracement

by Arthur Hill

Stocks did not do much, but it was a most interesting day elsewhere. The major index ETFs closed fractionally higher and the sectors were mixed. The consumer discretionary, technology and finance sectors were fractionally lower... Read More 

Art's Charts

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Dovish Fed Puts Bid into Stocks, Bonds and Gold

by Arthur Hill

The Yellen Fed came out with a dovish statement on Wednesday. This put a bid into utilities, gold, bonds and stocks. The Dollar and Treasury yields moved lower. The gains in the major index ETFs were modest, but enough to extend the short-term uptrends... Read More 

Art's Charts

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Chart Setups: ARMH, CERN, JNPR, LSCC, TASR

by Arthur Hill

There are five setups today. First, we start with a semiconductor stock forming an inverse head-and-shoulders pattern. Second, there is a healthcare stock with a bull flag taking shape. Third, we feature a networking stock with a Bollinger Band squeeze... Read More 

Art's Charts

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UUP Bounces off Support as GLD Hits Resistance

by Arthur Hill

It seems that there are higher yields in our future. The economy is plugging along, the labor market is improving and inflation is on target. The Consumer Price Index (CPI) rose .4% in May and this was the largest increase since February 2013... Read More 

Art's Charts

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Chart Setups: DSX,GME,HMC,IMMR,NKE,UAL

by Arthur Hill

Today we have six setups. We start with a shipper that broke resistance and successfully tested this breakout with a high volume bounce. Next we have a video game retailer consolidating after a gap. Third up is a Japanese automaker with a bull flag... Read More 

Art's Charts

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Finance Sector Corrects as Fed and Settlements Loom

by Arthur Hill

Stocks were mixed on Monday, but the major index ETFs managed to eek out small gains. Small-caps showed some relative strength as the Russell 2000 ETF gained .48% on the day. The sectors were mixed with weakness in finance, industrials and materials... Read More 

Art's Charts

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It Could be a Big Week for Housing Stocks and Treasuries

by Arthur Hill

It could be a big week for housing-related stocks and Treasury bonds. The Home Construction iShares (ITB) is at a critical juncture because it is testing the early June breakout after last week's pullback... Read More 

Art's Charts

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Modest Selling Pressure Hits Stocks - GLD Surges to First Resistance

by Arthur Hill

Selling pressure extended on Thursday, but the losses in the major index ETFs were modest. The Russell 2000 ETF declined .61% and the S&P 500 SPDR fell .71%. This is moderate selling pressure. There were, of course, some pockets with more intense selling pressure... Read More 

Art's Charts

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ITB Tests Breakout Zone - UUP Extends Higher

by Arthur Hill

Stocks came under selling pressure on Wednesday with the Russell 2000 ETF losing around .50% and the S&P 500 SPDR falling .35%... Read More 

Art's Charts

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Chart Setups: ARNA, EIGI, JIVE, MYL, UTHR

by Arthur Hill

Today's charts feature five setups. First, there is a small pharma company bouncing off support after a hammer. Second, we have a recent IPO getting a breakout with good volume. Third, there is a small software company with a double bottom taking shape... Read More 

Art's Charts

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Stocks Turned Mixed, but Short-Term Uptrend Remains

by Arthur Hill

It was a mixed day on Wall Street as the Nasdaq 100 ETF edged higher (.17%) and the S&P 500 SPDR edged lower (.01%). The gains and losses in the major index ETFs were insignificant and Tuesday can be called a consolidation day... Read More 

Art's Charts

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New Highs Expand as Small-Caps Extend Rally

by Arthur Hill

Stocks continued higher in early trading and then succumbed to some selling pressure in the afternoon. The Nasdaq 100 ETF (QQQ) closed slightly lower, the S&P 500 SPDR (SPY) edged higher and the Russell 2000 ETF (IWM) gained .88% on the day... Read More 

Art's Charts

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Chart Setups: ARMH, CERN, DWA, HTWR, WTW

by Arthur Hill

Today's charts feature five setups. First, we have a semiconductor stock with a bullish reversal pattern in the works. Second, we have a software company catering to the healthcare sector. Third, there is a movie producer scheduled to release a sequel this weekend... Read More 

Art's Charts

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Key Industry Group ETFs Lead Market Higher

by Arthur Hill

Stocks caught a decent bid last week with small-caps, mid-caps and micro-caps leading the way. This shows strength at the high-beta end of the market and shows an increased appetite for risk... Read More 

Art's Charts

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Small-Caps and Regional Banks Lead Market Higher

by Arthur Hill

Stocks caught a bid with the Russell 2000 ETF and Russell MicroCap iShares leading the charge. Both gained over 2% and easily outperformed the S&P 500 SPDR, which gained just .60% on the day. All sectors were up with industrials and finance leading... Read More 

Art's Charts

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Chart Setups: AMTD, BBRY, DSX, IACI, SPWR

by Arthur Hill

Today's charts feature five setups. First, we have a stockbroker testing a major support zone. Second, there is a cell phone maker gapping higher and holding the gap. Third, a shipper is showing signs of life with a big move... Read More 

Art's Charts

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CCI Breakout on IWM Chart Holds - TLT Breaks Support

by Arthur Hill

Stocks edged higher on Wednesday with the major index ETFs posting modest gains. The economic reports continue to be positive with the ISM Services Index coming in well above 50 and the ADP report showing 179000 new private sector jobs... Read More 

Art's Charts

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Stocks Start Outperforming Bonds as TLT Tests Support

by Arthur Hill

Stocks put in a lackluster performance as the market awaits a data deluge in the coming days. We have the ADP Employment Report, Fed Beige Book and ISM Services today. Initial Claims and the European Central Bank (ECB) meeting are Thursday... Read More 

Art's Charts

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KRE Challenges Resistance as TLT Plunges to Trend Line Support

by Arthur Hill

Stocks put in a mixed performance on Monday with large-caps and mid-caps edging higher, and small-caps moving lower. The gains and losses were contained and not enough to affect the short-term trends... Read More 

Art's Charts

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Chart Setups: ATVI, ANF, LB, MOS, NYT

by Arthur Hill

Today's charts feature five setups. A video game maker is consolidating within an uptrend. A teen apparel retailer triggered a bear trap after a failed support break. A women's apparel retailer is consolidating after a gap-reversal... Read More 

Art's Charts

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SPY and TLT Hit New Highs ahead of Big Economic Week

by Arthur Hill

The S&P 500 SPDR and 20+ YR T-Bond ETF extended their uptrends with new highs last week, but this positive correlation could get a big test with a full economic docket this week. The Dow Diamonds, Nasdaq 100 ETF, Equal-Weight S&P 500 ETF and S&P 500 SPDR hit new highs... Read More