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Gold Miners ETF Forms Big Bearish Engulfing

by Arthur Hill

The Gold Miners ETF (GDX) came under intense selling pressure earlier this week with a bearish engulfing and short-term support break. These two down days occurred on high volume. Also notice that the ETF is hitting resistance from the highs extending back to late April... Read More 

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Airlines, Telecoms and Biotech Lead Essential Industry Groups

by Arthur Hill

Extra! and Pro users have access to the StockCharts Essentials ChartPack, which features 13 core chartlists with over 140 key charts. The image below shows the Essential US Industry Indexes in "summary" format and sorted by percent change... Read More 

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Leveraged Gold ETFs Duke it Out on Ticker Cloud

by Arthur Hill

Want to see what's hot today? Check out the ticker cloud on the home page. The bigger the symbol, the more popular the chart. As you can see, the Direxion Gold Miners Bull 3X ETF (NUGT) and the Direxion Gold Miners Bear 3X ETF (DUST) are quite popular today... Read More 

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Utilities Buck the Trend with Show of Strength

by Arthur Hill

Looking for pockets of strength on a down day? Turn to the Sector Market Carpet. The first image shows the broad sector view with the utilities sector in light green. The other sectors are either red or a lighter shade of red, which means they are down... Read More 

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Bullish P&F Signals Outnumber Bearish Signals

by Arthur Hill

Chartists can get an idea of the overall market trend by comparing the number of bullish P&F signals with bearish P&F signals. StockCharts provides this data every day on the predefined scans page... Read More 

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Toll Brothers Battles Support and Outperforms its Peers

by Arthur Hill

While the Home Construction iShares (ITB) battles broken support, Toll Brothers (TOL) is still holding support from the 2013 lows. The chart below shows TOL bouncing off support in mid August, but falling short of a breakout... Read More 

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Industrial Metals and Precious Metals Lead Commodity Groups

by Arthur Hill

The US Commodity Groups PerfChart shows the performance for five commodity groups and the CRB Index ($CRB). Energy prices weighed on the CRB Index as the GSCI Energy Index fell over 1% this past month... Read More 

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High Volume Gap Provides Support for E*Trade on CandleVolume Chart

by Arthur Hill

The chart below shows E*Trade (ETFC) with CandleVolume charts to accent volume. Upside volume has been strong in general and the stock gapped above 14 with the biggest volume since the mid March gap down. This gap zone around 14 has turned support as the stock firms just above... Read More 

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S&P 500 ETF Recaptures the 50-day

by Arthur Hill

The S&P 500 ETF (SPY) broke below its 50-day moving average on Monday, but moved right back above on Tuesday. This moving average held from December to early June. SPY broke below in late June, but quickly recovered and recaptured the moving average... Read More 

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Children's Place Tests Neckline Support

by Arthur Hill

Children's Place formed a head-and-shoulders reversal pattern from late May to August and is currently testing neckline support. Notice that downside volume is outpacing upside volume and On Balance Volume (OBV) broke its June low this month... Read More 

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Market Carpet Shows Retailers Lagging and Homebuilders Leading

by Arthur Hill

The image below shows the Market Carpet for just the consumer discretionary sector (cyclicals). Notice that Pulte (PHM) and Lennar (LEN) are leading on Friday, while Nordstrom (JWN) and Kohl's (KSS) are lagging... Read More 

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SPY Breaks Support with Gap Down

by Arthur Hill

After weeks of indecision, the S&P 500 ETF (SPY) made a decisive move with break below the late July low. The gap and support break are short-term bearish as long as they hold... Read More 

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Home Construction iShares Breaks Neckline Support

by Arthur Hill

Rising rates are taking their toll on the Home Construction iShares (ITB) as the ETF broke neckline support on Wednesday. The head-and-shoulders pattern extends almost the entire year and today's breakdown confirms the bearish reversal... Read More 

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S&P 1500 AD Line Holds Short-term Support

by Arthur Hill

The S&P 1500 AD Line ($SUPADP), which is a key breadth indicator, has yet to break support and remains in bull mode. Notice how the AD Line established lows from mid July to early August. These lows mark a support zone that chartists should watch for clues on market direction... Read More 

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US Oil Fund Forms Bull Flag in Uptrend

by Arthur Hill

After surging and breaking resistance in July, the US Oil Fund (USO) pulled back with a falling flag the last few weeks. USO made its first move with a surge over the last two days. A follow through breakout above flag resistance would signal a continuation higher... Read More 

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Finance Sector Starts Underperforming

by Arthur Hill

The Finance SPDR (XLF) was one of the best performing sectors from April to late July, but was the weakest sector over the last two weeks. The PerfChart below shows XLF with a loss over the last ten trading days... Read More 

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Steel ETF Breaks Flag Resistance with Big Surge

by Arthur Hill

Even though the long-term trend remains down, the Steel ETF (SLX) is making some bullish waves with a flag breakout on Thursday. After an advance from late June to mid July, SLX consolidated with a falling flag, which is a bullish continuation pattern... Read More 

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Chuy's Holdings Forms Bearish Engulfing at Key Retracement

by Arthur Hill

Chuy's Holdings came across the intraday bearish engulfing scan on Wednesday. Even though the trading day has just begun, notice that the stock broke down in July and retraced 62% with a bounce back to 40 in August... Read More 

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Only One Bullish Percent Index is Below 50%

by Arthur Hill

StockCharts calculates the Bullish Percent Index for over a dozen groups, including several major indices, the main sectors and a few industry groups. A list can be found on the end-of-day market summary page. Notice that all BPIs are at or above 50%, which favors the bulls... Read More 

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Elder Bars Turns Green as ARIA Breaks Flag Resistance

by Arthur Hill

Chartists looking for stocks on the move can turn to our pre-defined scans page and the Elder bar scans. Stocks with an Elder bar turning green are turning up. Those with an Elder bar turning red are turning down... Read More 

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S&P MidCap 400 SPDR Takes the Lead with a New High

by Arthur Hill

Stocks surged after Fed day with the S&P MidCap 400 SPDR (MDY) hitting a new high early Thursday. The indicator window shows the price relative (MDY:SPY ratio) hitting a new high as well... Read More 

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Dow and Nasdaq Hit New Highs

by Arthur Hill

Even though stocks were all over the place on Wednesday, the Dow recorded an all time high and the Nasdaq recorded a four year high. Not shabby at all. StockCharts users can keep abreast of these milestones on the Predefined Technical Alerts page... Read More