AT&T, Disney, Pfizer, Wal-mart and Verizon Show Relative Strength within the Dow
A review of the CandleGlance charts for the thirty Dow stocks shows only five components trading above their 20-day and 50-day moving averages: AT&T, Disney, Pfizer, Wal-mart and Verizon. Four of these five can be considered defensive stocks that hold up well during times of uncertainty. Click this image to see all 30 Dow stocks....
Apple Forms Spinning Top on High Volume
Apple suffered its biggest six week decline since 2008, but signs of firmness emerged as the stock formed a spinning top at the end of last week. Spinning tops represent indecision that can sometimes foreshadow a reversal. Also note that this candlestick formed with high volume. A move above Thursday's high would complete a short-term...
DOW THEORY SELL SIGNAL NOW IN FORCE
With big declines this past week, the Dow Industrials and Dow Transports both broke support levels and forged lower lows. Confirmed lower lows amount to a Dow Theory sell signal. The first chart shows the Dow Industrials forming a double top and breaking double top support with a decline below 12700 this week. Broken resistance...
How can I count up days versus down days for a stock?
StockCharts.com users can employ MarketCarpets to see the number of up or down days for S&P 500 stocks within a particular period. The example below shows the S&P Sector MarketCarpet with stocks grouped by sector. There is a drop down menu in the upper left corner, just below "current view". Choose "up and down days"...
30-year Treasury Yield Breaks Wedge Support
The 30-year Treasury Yield ($TYX) broke down with a sharp decline the last few weeks. This puts the yield near its 2011 lows and within striking distance of its 2008 lows,...
Gold and Treasuries Reverse Negative Correlation with Joint Surge
The Gold SPDR (GLD) and the 20+ Year T-Bond ETF (TLT) have been negatively this month. Notice how TLT advanced from 116 to 123.5 and GLD declined from 161 to 150...
May-hem in the Markets with all Sectors Lower this Month
May has been nothing but mayhem for the market as all nine sectors moved lower. The PerfChart below shows the percentage change since May 1st. Over the last 11 trading days,...
A Bollinger Band Squeeze for Google
After a big decline in April, Google ($GOOG) consolidated the last few weeks and the Bollinger Bands narrowed significantly. This could be called a Bollinger Band squeeze or volatility squeeze. The...
Activision Gaps up on Big Volume $ATVI
Stocks were under pressure the last three days, but ATVI bucked the trend with an advance and gap on high volume. This gap off support is bullish as long as it...
Where can I find really long-term charts?
The Historical Chart Gallery at StockCharts.com contains long-term charts for the Dow, S&P 500, Nasdaq, gold and 30-Year US Treasury Bond. The Dow chart goes back to 1900, the S&P 500 extends back to 1960 and the Nasdaq chart starts in 1978. The 1900 Dow chart is especially fascinating for studying the 1929 crash and...
Consumer staples stock Heinz Hits 52-week High with Breakout $HNZ
The Consumer Staples SPDR (XLP) remains one of the strongest sectors and Heinze is part of that strength with an ascending triangle breakout. With a surge the last two weeks, the...
May Starts out as a Big Risk Off Month for Intemarket PerfChart
The PerfChart below shows the percentage change for seven intermarket ETFs. The three risk assets (stocks, oil, euro) are down, while the three safe havens are up (dollar, treasuries). Gold is going against the Dollar and along with the stock market. Click this image for a live chart.
