Don't Ignore This Chart! tag:typepad.com,2003:weblog-1813512 2013-05-23T08:50:00-04:00 Financial charts with interesting technical developments TypePad StockChartscom-DontIgnoreTheCharthttp://feedburner.google.com Lumber Prices Plunge, but Housing Stocks Remain Strong tag:typepad.com,2003:post-6a0105370026df970c0192aa3a6dff970d 2013-05-23T08:50:00-04:00 2013-05-23T08:50:00-04:00 An interesting divergence is brewing between lumber and housing stocks. Lumber Futures ($LUMBER) fell around 25% the last two months, but the Home Construction iShares (ITB) hit a 52-week high recently. Something may need to give because lumber and housing stocks are positively correlated for the most part. Click this image for a live chart. Arthur Hill
An interesting divergence is brewing between lumber and housing stocks. Lumber Futures ($LUMBER) fell around 25% the last two months, but the Home Construction iShares (ITB) hit a 52-week high recently. Something may need to give because lumber and housing stocks are positively correlated for the most part.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/lumber-prices-plunge-but-housing-stocks-remain-strong.html Solar Stocks Dominate the Scan for Big Volume Gainers tag:typepad.com,2003:post-6a0105370026df970c019102614f34970c 2013-05-21T12:14:08-04:00 2013-05-21T12:14:08-04:00 Solar stocks are on the move today and volume is increasing in several names. The image below comes from the “strong volume gainers” scan on the pre-defined scans page. Click any of the headings to sort this table. There are five solar-related stocks making the cut. Click this image for a live chart. Arthur Hill
Solar stocks are on the move today and volume is increasing in several names. The image below comes from the “strong volume gainers” scan on the pre-defined scans page. Click any of the headings to sort this table. There are five solar-related stocks making the cut.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/solar-stocks-dominate-the-scan-for-big-volume-gainers.html Oil & Gas Equipment/Services SPDR Surges to 52-week High tag:typepad.com,2003:post-6a0105370026df970c01901c61f641970b 2013-05-20T11:29:29-04:00 2013-05-20T11:29:29-04:00 Energy related stocks are catching a bid as Spot Light Crude ($WTIC) challenges the $97. The chart below shows the Oil & Gas Equipment/Services SPDR (XES) breaking flag resistance and hitting a 52-week high on Monday. The flag zone now turns into support. Click this image for a live chart. Arthur Hill
Energy related stocks are catching a bid as Spot Light Crude ($WTIC) challenges the $97. The chart below shows the Oil & Gas Equipment/Services SPDR (XES) breaking flag resistance and hitting a 52-week high on Monday. The flag zone now turns into support.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/oil-gas-equipmentservices-spdr-surges-to-52-week-high.html Cisco and Network Appliance Show Biggest Gains in StockCharts Technical Rank tag:typepad.com,2003:post-6a0105370026df970c019102361100970c 2013-05-16T11:58:51-04:00 2013-05-16T11:58:51-04:00 Chartists can view the StockCharts Technical Rank (SCTR) for stocks in the S&P 500, S&P SmallCap 600, S&P MidCap 400 and Toronto Stock Exchange. These ranks can be sorted by change to find the biggest movers. Simply click the column heading the sort. Cisco (CSCO), Network Appliance (NTAP) and Molson Coors (TAP) are leading Thursday’s charge. Click this image for a live table. Arthur Hill
Chartists can view the StockCharts Technical Rank (SCTR) for stocks in the S&P 500, S&P SmallCap 600, S&P MidCap 400 and Toronto Stock Exchange. These ranks can be sorted by change to find the biggest movers. Simply click the column heading the sort. Cisco (CSCO), Network Appliance (NTAP) and Molson Coors (TAP) are leading Thursday’s charge.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/cisco-and-network-appliance-show-biggest-gains-in-stockcharts-technical-rank.html Networking iShares Hits Moment-of-truth of Truth as Cisco Looms tag:typepad.com,2003:post-6a0105370026df970c017eeb32ab41970d 2013-05-15T12:18:56-04:00 2013-05-15T12:18:56-04:00 The Networking iShares (IGN) moved lower from early February to mid April and then bounced the last five weeks. This bounce is forming a rising wedge and nearing broken support, which turns resistance. RSI is also in its resistance zone (50-60). Thus, the moment-of-truth of truth is near with Cisco reporting earnings after the bell. Click this image for a live chart. Arthur Hill
The Networking iShares (IGN) moved lower from early February to mid April and then bounced the last five weeks. This bounce is forming a rising wedge and nearing broken support, which turns resistance. RSI is also in its resistance zone (50-60). Thus, the moment-of-truth of truth is near with Cisco reporting earnings after the bell.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/networking-ishares-hits-moment-of-truth-of-truth-as-cisco-looms.html Bounce in Commodities Weighs on Treasuries tag:typepad.com,2003:post-6a0105370026df970c01910220d3c3970c 2013-05-14T11:40:20-04:00 2013-05-14T11:40:20-04:00 The overall trend for the CRB Index ($CRB) is down this year, but the index bounced back above 288 this month. It looks like a strong jobs report and rebound in commodities was more than Treasuries could take as the 30-Year US Treasury ($USB) fell over 4% this month. Notice that $USB is negatively correlated with $CRB. Click this image for a live chart. Arthur Hill
The overall trend for the CRB Index ($CRB) is down this year, but the index bounced back above 288 this month. It looks like a strong jobs report and rebound in commodities was more than Treasuries could take as the 30-Year US Treasury ($USB) fell over 4% this month. Notice that $USB is negatively correlated with $CRB.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/bounce-in-commodities-weighs-on-treasuries.html PowerShares Energy Trust Leads Rebound in Commodity Trusts tag:typepad.com,2003:post-6a0105370026df970c017eeb1f5177970d 2013-05-13T13:54:53-04:00 2013-05-13T13:59:59-04:00 The chart below shows six commodity group ETFs from PowerShares. The Silver Trust (DBS) and Precious Metals Trust (DBP) are the weakest year-to-date, while the Energy Trust (PBE) and Oil Trust (DBO) the only ones with gains, albeit small gains. These year-to-date gains stem from strength in Natural Gas ($NATGAS) and the recent rebound in West Texes Intermediate ($WTIC). Click this image for a live chart. Arthur Hill

The chart below shows six commodity group ETFs from PowerShares. The Silver Trust (DBS) and Precious Metals Trust (DBP) are the weakest year-to-date, while the Energy Trust (PBE)  and Oil Trust (DBO) the only ones with gains, albeit small gains. These year-to-date gains stem from strength in Natural Gas ($NATGAS) and the recent rebound in West Texes Intermediate ($WTIC).

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http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/powershares-energy-trust-leads-rebound-in-commodity-trusts.html Percentage of S&P 500 Stocks above their 200-day Reaches Extreme tag:typepad.com,2003:post-6a0105370026df970c019101fb5e5b970c 2013-05-10T06:36:01-04:00 2013-05-10T06:36:01-04:00 The S&P 500 %Above 200-day SMA ($SPXA200R) is a breadth indicator that measures the degree of participation. The S&P 500 is trading near a 52-week high and over 90% of its components are above their 200-day moving average. This shows a high degree of participation and the indicator is at its highest level since May 2011. At this point, the indicator is at an extreme and still bullish. A break back below 80% would provide the first sign of material weakening. Click this image for a live chart. Arthur Hill
The S&P 500 %Above 200-day SMA ($SPXA200R) is a breadth indicator that measures the degree of participation. The S&P 500 is trading near a 52-week high and over 90% of its components are above their 200-day moving average. This shows a high degree of participation and the indicator is at its highest level since May 2011. At this point, the indicator is at an extreme and still bullish. A break back below 80% would provide the first sign of material weakening.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/percentage-of-sp-500-stocks-above-their-200-day-reaches-extreme.html Defensive Sectors Run out of Gas tag:typepad.com,2003:post-6a0105370026df970c017eeafb3b01970d 2013-05-09T11:30:47-04:00 2013-05-09T11:31:10-04:00 The S&P 500 ETF (SPY) surged to new highs in May, but the defensive sectors did not go along for the ride. The CandeGlance charts below show the Healthcare SPDR (XLV), Consumer Staples SPDR (XLP) and Utilities SPDR (XLU) peaking in late April. XLP and XLV have traded flat, while XLU declined below its 20-day moving average. Click this image for a live chart. Arthur Hill
The S&P 500 ETF (SPY) surged to new highs in May, but the defensive sectors did not go along for the ride. The CandeGlance charts below show the Healthcare SPDR (XLV), Consumer Staples SPDR (XLP) and Utilities SPDR (XLU) peaking in late April. XLP and XLV have traded flat, while XLU declined below its 20-day moving average.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/defensive-sectors-run-out-of-gas-xlv-xlu-xlp.html 60-minute P&F Chart Shows Clear Support for S&P 500 tag:typepad.com,2003:post-6a0105370026df970c01901bef4277970b 2013-05-08T11:11:31-04:00 2013-05-08T11:11:31-04:00 Point & Figure charts filter out the noise and ignore time to give chartists a clean look at price action. On the 60-minute P&F chart below, the S&P 500 bounced off the 1540 level three times since mid March. This is about as clear of a support level as you will see and chartists should watch it going forward. Click this image for a live chart. Arthur Hill
Point & Figure charts filter out the noise and ignore time to give chartists a clean look at price action. On the 60-minute P&F chart below, the S&P 500 bounced off the 1540 level three times since mid March. This is about as clear of a support level as you will see and chartists should watch it going forward.

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 http://blogs.stockcharts.com/dont_ignore_this_chart/2013/05/60-minute-pf-chart-shows-clear-support-for-sp-500.html