Don't Ignore This Chart

StockCharts.com Icon
About this blog: The blog contains daily articles with intriguing or unusual charts selected by one of our Senior Technical Analysts, along with a short explanation of what exactly caught their attention and why they believe the chart is worth noting.

Latest Posts

Don't Ignore This Chart

General Electric (GE) Tries To Change The Trend

by Greg Schnell

General Electric (GE) is base building as we roll into May. The plummeting stock has stopped its free-fall and has now built a small head shoulders setup. Head and shoulders refers to a changing trend. The momentum is improving on each low and the stock starts to make higher lows which shows up as two shoulders around the low. The SCTR still is very low. The Relative Strength is very close to 3-month highs which is usually a good scan to run on stocks. It will take a while to work the SCTR higher and it is a long way to the 200 DMA at $18.58. One of the main components of the SCTR is the Read More 

Don't Ignore This Chart

Discount Brokers Lead the Market

by Arthur Hill

The discount brokers are showing strength in the broader market with E-Trade Financial (ETFC) and Interactive Brokers (IBKR) hitting new highs in May. Schwab (SCHW) is breaking out of a small triangle, while TD Ameritrade is bouncing within a bigger triangle. A picture is worth a thousand words and the chart below shows all four with some annotations.  E-Trade and Interactive Brokers are the strongest because they have the freshest new highs. Schwab is close behind as it nears its March high. TD Ameritrade is the laggard, but the chart looks strong because a triangle is a Read More 

Don't Ignore This Chart

Mosaic (MOS) Seems To Be Completing The Picture

by Greg Schnell

Mosaic's chart looks like an endless river of pain. So much so, why would anyone look at the stock for investment? Well, a couple of signals have kicked up that make it worthy of a second look now. First of all, the SCTR recently gave us a signal by moving above 75. Then the SCTR scaled back to 45 and moved back above the 75 level. This is a common occurrence on stocks when they start to outperform. So that is a real positive that I like to see. Full stochastics have pushed back above 50. The stock price has bounced off the 40 week moving average which is bullish. It has also formed Read More 

Don't Ignore This Chart

Alphabet: Is it time to Bounce?

by Arthur Hill

It has been a rough year for Alphabet, also known as Google, but the stock is still in a long-term uptrend and firming near a solid support zone. This could give way to a bounce.  First, the stock advanced some 30% and hit a 52-week high in January. Second, the PPO(50,200,0) is positive and this means the 50-day EMA is above the 200-day EMA. Even though the stock is some 13% below its January high, I still think the long-term trend is up.  This year's decline occurred with three legs: down into early February, up into mid March and down Read More 

Don't Ignore This Chart

Stryker Strikes A Fresh New High

by Greg Schnell

Stryker (SYK) pushed to new highs this week. The medical equipment maker has consolidated for the first four months. The surge to new highs comes after a strong run over the last three weeks. While the stock will probably pull back a little her, this looks like one for the watch list. The SCTR is moving above 75. The relative strength is soaring which will attract more investors. The volume has been surging lately so the interest is strong.  If it gets a little time to pull back, this looks set to continue its strong run. Good Read More 

Don't Ignore This Chart

Visa Hits New High and Chases Mastercard

by Arthur Hill

Visa (V) is leading the stock market as it breaks out of a triangle and records a fresh new high. The stock is now setting its sights on its big rival, Mastercard.  The chart below shows Visa in the top window with a steady advance from May to January and then a triangle consolidation. A triangle within an uptrend is viewed as a bullish continuation pattern. Last week's gap and breakout, therefore, signal an end to the corrective period and a resumption of the bigger uptrend.  The middle window shows Mastercard with a strong uptrend of Read More 

Don't Ignore This Chart

AbbVie Surges (ABBV)

by Greg Schnell

AbbVie shot up on the open this morning with a really nice surge. The stock had been enjoying a beautiful uptrend but hit some turbulence in March. With today's move above the recent base, this looks set to resume.  The volume was exceptionally strong with over 10 million shares traded. Some of the nice technical features include the tight trading range before this recent pop. The MACD is pushing higher off a momentum low in early April.  Quite a few of the former winners are starting to break higher. This looks set to continue. A recommendation for the Read More 

Don't Ignore This Chart

QQQ: Breakdown, Mean-Reversion Opportunity or Both?

by Arthur Hill

The Nasdaq 100 ETF (QQQ) broke down with a sharp decline the last five days and this pushed RSI(5) below 30 for a short-term oversold reading. The breakdown is bearish, but it has also created a short-term mean-reversion opportunity.  I first introduced a mean-reversion trading system using RSI in June 2016. This system evolved over the next few months as I turned to the Chandelier Exit for exit signals. The system trades SPY, IJR, QQQ and MDY using RSI(5) for entry signals and Chandelier (22,1) for exit signals. This article is only available to StockCharts members.  Read More 

Don't Ignore This Chart

Ever Had A Bulldozer Drive Over Your Portfolio?

by Greg Schnell

Today Caterpillar reported great earnings with almost $1 Billion beat on revenues. Huge. But the CFO mentioned that they are wondering if this might mark peak earnings for the cycle. Whoops! The corresponding move in other Industrial stocks was swift. Deere and Co, Cummins, the XLI SPDR Industrial ETF; and Finning - Caterpillars largest dealer are shown. What makes this more important, is the XLI. The XLI is sitting on the 200 DMA average and near 5 month lows. All this makes the market direction way more difficult. Trade cautiously. Read More 

Don't Ignore This Chart

Costco Breaks Triangle Line with Big Gap

by Arthur Hill

Costco (COST) is showing some upside leadership this year with a triangle breakout and challenge to the January high.  Long-term trend identification is important because it sets my bias going forward. My bias is bullish when the long-term trend is up and this means I favor bullish patterns over bearish patterns. The overall trend is clearly up because Costco hit a 52-week high earlier this year, the 50-day moving average is above the 200-day and price is above the 200-day.  COST stalled after hitting the new high and formed a big Read More 

Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!