Archive for May, 2013

Chart Survey of Representative Assets Types After Difficult Week

Friday, May 31st, 2013

The negative action in the stocks this week is a stark contrast to the long positive stretch so far this year.  Even though the week was uncomfortable, the percent of S&P 500 stocks above their 200-day average is still high at 90%, and the percentage of stocks in bullish point and figure chart patterns is still high at 88%.

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2013-05-31_spy

 

Here is how various representative asset categories have performed year-to-date.

Each chart plots the security (or index) in black.  The 63-day price channel high, low and mid-point are plotted in blue.  The 200-day moving average is plotted in solid tan.  The price levels that are 10% and 20% below the trailing 252-day high price (correction and bear market levels) are plotted in red.

For bonds corrections and bear markets are characterized by less severe drawdowns, however, for visual consistency, the charts below use the 10% and 20% trailing indicators on stocks as well as bonds.

S&P 500

2013-05-31_SP500

Europe

2013-05-31_IEV

Japan

2013-05-31_EWJ

Emerging Markets

2013-05-31_EEM

Australia

2013-05-31_EWA

China

2013-05-31_FXI

Brazil

2013-05-31_EWZ

S&P 1500 High Yield Dividend Aristocrats

2013-05-31_SDY

S&P 500 Low Volatility

2013-05-31_SPLV

S&P 500 High Quality

2013-05-31_SPHQ

S&P 500 Utilities

2013-05-31_XLU

MSCI Equity REITs

2013-05-31_VNQ

Alerian MLPs 

2013-05-31_AMJ

Short-Term Investment Grade Corporate Bonds

2013-05-31_VCSH

Intermediate-Term Investment Grade Corporate Bonds

2013-05-31_VCIT

Long-Term Investment Grade Corporate Bonds

2013-05-31_VCLT

Emerging Market Dollar Denominated Sovereign Bonds

2013-05-31_EMB

Non-US Developed Market Sovereign Bonds

2013-05-31_BWX

Gold Bullion

2013-05-31_GLD

Copper

2013-05-31_JJC

 

Analyst Ratings for Alerian Infrastructure MLP Index Constituents

Friday, May 24th, 2013

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InfrastructureMLPs

See explanation of StarMine and Wright Ratings here.

Chart Conditions For Country/Region ETFs Trading At Least $20,000/Minute

Friday, May 17th, 2013

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Technical Chart Metrics for 50 Most Heavily Traded Technology Stocks

Thursday, May 16th, 2013

sadf

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05

 

On an equal weighted basis, the 50 most heavily traded tech stocks are 7.38% below their 1-year trailing high, although they are up on average 21.38% over 1 year.  They are up on average 5.40% over the last 10 days.  The price changes are not much different with or without Apple, but the top 50 less Apple is only 6.74% below its trailing 1-year high.

When all 212 of the US Tech Sector stocks are considered on an equal weighted basis, they are 10.68% below their trailing 1-year high, but up 18.90% for 252 days, up 5.51% for 63 days, up 6.16% for 21 days, and up 6.08% for 10 days.

This compares to the S&P 500 on an equal weight basis, which is up 27.80% over 1 year and only 3.79% below the equal weight 1-year trailing high.

 

Chart Conditions for Most Heavily Traded Persistent, Consistent Dividend Payers

Thursday, May 16th, 2013

This table presents price chart conditions data for the 50 most heavily traded persistent, consistent dividend payers (based on the “Dividend Champions” list maintained by David Fish DripInvesting.org. Stocks on that list must have paid and increased dividends each years for at least 5 years.

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04

 

All have prices at or above their 200-day moving average, except for CAT which is 1% below the average.  All except MSFT, INTC and OXY have positive 252-day linear regression slopes.  All except INTC show the last 10 days of the 200-day moving average to be tilted upward.  All but INTC, CAT,and YUM have positive 252-day price changes.  All but T, TGT, WMB, and DUK are up over the last 10 days.  Those at least 5% below their 252-day trailing high price are: CAT, INTC, FDX, YUM, IBM, and DE.

Price Chart Conditions for 50 Most Heavily Traded Long-Only, Unleveraged ETFs

Thursday, May 16th, 2013

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