Don't Ignore This Chart

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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.

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Don't Ignore This Chart

Momentum and Money Flow Take a Turn in LabCorp

by Arthur Hill

Laboratory Corporation of America Holdings (LH) is looking bullish as the Moving Average Convergence Divergence (MACD) turns up and Chaikin Money Flow pops.  On the price chart, the long-term trend is up because LH hit a new high in January, the 50-day EMA is above the 200-day EMA and price is above the 200-day EMA.  The stock led the market with a 20+ percent gain from mid-November to late January and then consolidated after the February plunge. A triangle is taking shape and the stock is challenging the upper line already this week.  Read More 

Don't Ignore This Chart

Vertex (VRTX) Makes A New Vertical

by Greg Schnell

Vertex Pharmaceuticals (VRTX) pushed to a new all time high Friday to close out the week. The stock has been in a general uptrend for years. After consolidating for a few months, the stock price moved sharply higher. With the SCTR moving back above 75 and a fresh breakout, it is one of my favorite setups. The biotech sector continues to outperform so this breakout helps continue the relative strength. If the breakout fails to hold above $170, there is a good reason to be stopped out there. This is the third attempt to breakout which looks likely to hold as it keeps persisting. Read More 

Don't Ignore This Chart

Doctor, Doctor! Are You There?

by Greg Schnell

One of the most interesting things about new IPO stocks is how they behave technically. Some stocks soar and plummet all in the first six months. This particular stock Teladoc (TDOC) did too. It soared on the opening day and worked itself higher for one month, almost doubling. Then it let it all go and dropped well below the IPO price of $19. The lows came in at $9. Ouch! But since then, the stock has made a steady recovery. The reason it makes the list for this week is the chart recently broke out to all-time highs! Technically everything is in sync. The SCTR is surging into Read More 

Don't Ignore This Chart

Revenge of the Small Caps

by Arthur Hill

The S&P 500 SPDR (SPY) is pretty much unchanged over the last five trading days and the respective sector SPDRs are mixed. The story is a bit different for small-caps because the S&P SmallCap iShares (IJR) is up over 3% the last five days and the small-caps sectors are suddenly leading.  The table below is a screenshot from a summary page of a ChartList that has all eighteen sectors. These include the ten sector SPDRs, the nine equal-weight sectors and the nine small-cap sectors. I will include a symbol list at the bottom of this article. The table is sorted by the five-day Read More 

Don't Ignore This Chart

This Chart is Lighting Up

by Greg Schnell

Stocks that build big bases generally have a prolonged move when they break out of them. This week CREE is soaring on news of an acquisition that closed today. This stock has all the markings of a new run starting. SCTR is clearly trying to stay in the top quadrant, above 75. Price broke out above a two-year base, backtested the resistance line and bounced. This now makes the red line support. The PPO is turning up while above zero for the first time in a long time. Looks great! Today's big push is a little hard to buy into, but any weakness should Read More 

Don't Ignore This Chart

Electronic Arts Leads and Stalls at the Same Time

by Arthur Hill

Electronic Arts (EA) is one of the leading stocks in a strong video game industry group. Note that Activision (ATVI), one of its main competitors, hit a 52-week high in late January and is challenging this high here in early March. Take-Two (TTWO) is the weakest of the big three, but still above the rising 200-day EMA and in a long-term uptrend.  EA looks promising because it is consolidating within a long-term uptrend. The long-term trend is clearly up because the stock surged over 25% from early December to late January and hit a 52-week high. Also note that the 50-day EMA is above Read More 

Don't Ignore This Chart

One Commodity ETF is Trying To Go Higher!

by Greg Schnell

Commodities have been under pressure for over a month. But one of the rebels in the Commodity space has been Agriculture over the last few weeks. Look at the DBA ETF. The SCTR is putting in the strongest move in 18 months. The price is clearly breaking out of the 4-year downtrend. Volume is the best in 18 months. There is a lot going on at StockCharts. Check out all the new information! I have posted two new videos this week on my Vimeo Channel. Greg Schnell. Remember to click the follow button on Vimeo if you would like to be notified Read More 

Don't Ignore This Chart

Using Hedged And Unhedged ETF's

by Greg Schnell

Recently I received an email asking about when to invest in foreign market ETF's.  I had discussed the $USD might not be heading lower on my Commodities Countdown and on the Canadian Technician video recordings. Now in fact it might be reversing and start heading higher which would be a headwind for US investors in foreign market tracking ETF's. That just goes contrary to all the news about a new US Dollar bear market as seen on all the major business news channels.  So how do you decide when to use hedged ETF's versus unhedged ETF's? Below Read More 

Don't Ignore This Chart

P&G Weighs on Consumer Staples Sector

by Arthur Hill

The Consumer Staples SPDR (XLP) is one of the worst performing sectors year-to-date with a loss greater than 8 percent. The sector is also the second weakest in February because it failed to hold its bounce over the last two weeks.  The chart shows XLP with its biggest component (P&G) and its 10th largest component (CL). Procter & Gamble and Colgate are clearly in related businesses and these two are weighing on the 6th largest sector in the S&P 500. XLP accounts for 7.55% of the index.  XLP broke below its 200-day SMA with the plunge in early Read More 

Don't Ignore This Chart

When Miners Dig Their Way Higher

by Greg Schnell

The global miners have been rolling pretty well lately. They also rolled over with the general market. Rio Tinto rolled over 15% and has come bouncing back, trying to take out the previous highs today. This is an important bounce. First the stock broke out in late December above $50 to $57. It fell back to test support. This pullback is considered the test of the support level ($50) and it held. The bounce is important after holding above the 6 month long resistance. As long as $50 holds, this is a great support level.  Good Read More 

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