After a big surge in February, PG moved into a trading range and the Bollinger Bands contracted significantly. This "squeeze" means volatility is contracting, which in turn could foreshadow a volatility expansion (range break). A close above the upper band would be bullish, while a close below the lower band would be bearish.
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KEY TAKEAWAYS * The S&P 500 notched a tiny new high while mega-cap tech cooled. Check the Market Summary Factors and MarketCarpet to see the rotation. * XHB cleared its 200-day moving average, and precious metals rose. * With GOOGL, TSLA, and IBM on deck and housing data due, stay patient... READ MORE
KEY TAKEAWAYS * No changes in sector ranking composition this week, a rare occurrence * Technology sector continues to dominate, showing sustained strength * Industrials rotating out of leading quadrant but maintaining second-highest RS ratio * Financials and materials showing negative trends, potentially exiting top 5 Sector Rotation Stalls, Tech Remains King Despite a... READ MORE
The Nifty traded in a broadly sideways and range-bound manner throughout the week, ending it with a modest decline. The Index oscillated within a narrow 276-point range, between 25144.60 on the higher end and 24918.65 on the lower end, before settling mildly lower. The India VIX declined by... READ MORE
KEY TAKEAWAYS * The shooting star pattern indicates a short-term rotation from accumulation to distribution. * The bearish engulfing pattern suggests sellers have taken control, suggesting further weakness. * The evening star pattern is a three-candle formation that illustrates an exhaustion of buying power. There is no denying that the broad markets remain... READ MORE
KEY TAKEAWAYS * RGTI stock jumped 30% breaking out of a months-long sideways trading range. * RGTI bounced off its 50-day simple moving average and broke a downward-sloping trendline. * Alongside RGTI, other quantum computing stocks such as IONQ and QBTS also rallied fueled by optimism around the sector's progress. One... READ MORE
Join Grayson as he shares how to streamline your analysis using custom ChartStyles. He demonstrates how to create one-click ChartStyles tailored to your favorite indicators, use style buttons to quickly switch between clean, focused views, and build a chart-leveling system that reduces noise and helps you stay locked in on... READ MORE