Don't Ignore This Chart! June 30, 2018 at 03:37 PM
I fully realize how beaten down the price of Gold is. What makes this chart more interesting is that it has been climbing even well Gold has gone lower. So not only does it have technical strength relative to Gold, it is also starting to outperform the $SPX... Read More
Don't Ignore This Chart! June 28, 2018 at 05:42 PM
Have you ever had a friend say they wanted to get into a stock because it was on sale? While shoppers love the word SALE, it does not always mean value. In this case it's Starbucks. Once again, the stock fails as Howard Schultz retires... Read More
Don't Ignore This Chart! June 27, 2018 at 05:32 AM
The Oil & Gas Equip & Services SPDR (XES) is trading near a potential reversal zone, but the ETF is not keeping pace with strength in oil. The first chart shows XES, the Light Crude Continuous Contract ($WTIC) and the Correlation Coefficient for the two... Read More
Don't Ignore This Chart! June 26, 2018 at 10:07 AM
Everyone still believes this bull market has a lot more legs. While the large-cap technology stocks dominate the weighting in the big indexes, the $NYA chart has been an important chart for timeliness for the overall picture in recent history... Read More
Don't Ignore This Chart! June 22, 2018 at 07:23 PM
Canadian Natural Resources (CNQ had a stellar Friday with a big move of 5%. However, the intriguing price level for me is right here. We can see the stock has been setting up higher lows for the last year... Read More
Don't Ignore This Chart! June 21, 2018 at 07:10 PM
Francesca's Holdings (FRAN) is in the ultra competitive apparel retailer industry. This chart has been a real difficult stock since it IPO'd 5 years ago. I like the nice base that it built in 2018 and has now started to break towards 52 week highs... Read More
Don't Ignore This Chart! June 20, 2018 at 07:25 AM
Stocks making new 52-week highs are clearly in uptrends and leading. Even though Paypal is just shy of a 52-week high, the bigger uptrend and wedge point to new highs in the near future... Read More
Don't Ignore This Chart! June 18, 2018 at 05:27 AM
Ross Stores was hit hard with a high volume gap down in late May, but immediately firmed and recovered. The stock broke out of a long triangle in early June and then stalled with a small flag last week. Basically, we have two bullish continuation patterns at work... Read More
Don't Ignore This Chart! June 14, 2018 at 05:48 PM
JPM has been drifting lower since March 2018. While it is still about the 40 week moving average, it is definitely not one of the stronger stocks out there. The SCTR has dropped to 40, which is near the lowest levels on the chart... Read More
Don't Ignore This Chart! June 13, 2018 at 08:58 AM
Rockwell Automation reversed its downtrend with a big surge in May, worked off overbought conditions and looks poised to resume its uptrend. The chart below shows ROK with a high-volume plunge in late April, a high-volume reversal day and a sharp recovery in early May... Read More
Don't Ignore This Chart! June 13, 2018 at 12:01 AM
Norfolk Southern put in a weak break to new highs today. In the zoom box on the right, the candle was a nice clean break out but at the end of the day, it had fully reversed and closed lower than the open... Read More
Don't Ignore This Chart! June 11, 2018 at 12:19 PM
Danaher (DHR) is a conglomerate that is the 15th largest component (1.91%) of the Health Care SPDR (XLV) and the 5th largest component (5.43%) of the Medical Devices ETF (IHI). XLV broke out last week and IHI has been leading for some time... Read More
Don't Ignore This Chart! June 08, 2018 at 04:00 PM
Allergan put on a nice move over the last two days on news that Carl Icahn was in the stock with David Tepper. A big volume surge of 10 million shares over two days suggests more than a passing interest in this stock... Read More
Don't Ignore This Chart! June 07, 2018 at 07:27 PM
McDonald's is in the process of rolling out a few new store formats. I saw one first hand in Sydney, Australia on its opening week. While there were some bugs to be worked out at the time, the format was interesting... Read More
Don't Ignore This Chart! June 06, 2018 at 11:41 AM
Oil fell rather sharply over the last two weeks, but the long-term trend is up and two technical indicators point to a bounce... Read More
Don't Ignore This Chart! June 05, 2018 at 12:58 PM
Cameco has underperformed for years. About 6 months ago, Cameco started to limit Uranium supply. Now the stock looks set up to run. The SCTR is moving back above 75 which is a sign of a strong stock. The Full Stochastics are turning up above 50 which is a bull market trait... Read More
Don't Ignore This Chart! June 04, 2018 at 07:46 AM
Apple (AAPL) broke out of a pennant formation with a surge on Friday and this breakout could bode well for Qorvo (QRVO) and Skyworks (SKWS). The first chart shows Qorvo surging over 20% and then stalling with a contracting consolidation... Read More
Don't Ignore This Chart! June 01, 2018 at 11:49 AM
IDEXX has built a textbook consolidation with an ascending base. Today it moved above the previous closing highs and looks like it is resuming a big uptrend. The SCTR has moved back above 90 and the relative strength is almost at new highs... Read More
