Art's Charts

October 2023

Art's Charts

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Looking Outside the Stock Market for Opportunities

by Arthur Hill

Correlations rise during bear markets. This means more stocks participate in broad market declines than broad market advances. In other words, the odds are stacked against us when picking stocks in bear markets... Read More 

Art's Charts

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Home Construction ETF Breaks and a Home Builder Sets up for Further Downside

by Arthur Hill

The Home Construction ETF (ITB) led the market the first seven months of the year, but fell on hard times the last two months and reversed its long-term uptrend. Today's report/video will look at the trend reversal in ITB using the RSI Trend Range indicator... Read More 

Art's Charts

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Equal-weight Semis Break Down - Is SOXX Next? - with video (Free)

by Arthur Hill

Today's report will compare charts and performance for the Semiconductor ETF (SOXX) and the Semiconductor SPDR (XSD). SOXX represents large-caps and is holding up. XSD represents the average semiconductor stock and it is not holding up... Read More 

Art's Charts

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EBAY Cannot Hold a Bid

by Arthur Hill

Despite a rough ride in September, the S&P 500 is still up 14% year-to-date and the Nasdaq 100 is up a whopping 40%. The gains here, however, do not tell the entire story because many stocks are struggling in 2023... Read More 

Art's Charts

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Trading the Swing within the Pattern: IGV Example

by Arthur Hill

Chartists looking to get the jump on a bigger breakout can turn to the swings within a developing pattern. For example, a Symmetrical Triangle after an advance is a bullish continuation pattern. We can get the jump on a breakout by trading a downswing reversal within the pattern... Read More 

Art's Charts

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A Key Momentum Indicator Shifts from Bullish to Bearish for QQQ

by Arthur Hill

QQQ remains well above the rising 200-day SMA, but clearly shifted from bullish to bearish over the last two months. Today's report/video will show this momentum shift and analyze the short-term continuation pattern taking shape... Read More 

Art's Charts

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Two Holding Up and Two Breaking Down

by Arthur Hill

The pockets of strength are shrinking as more stocks succumb to selling pressure. The Nasdaq 100 is the strongest of the major indexes, while the Finance sector is one of the weakest sectors... Read More