On this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the one screen to watch for short-term trades and shares how to uncover bullish stocks in the hot healthcare sector. In addition, she also covers Chinese ADRs benefitting from trade relief. This video originally aired on November 15th, 2019.
New episodes of The MEM Edge air on Fridays at 5:00pm ET on StockCharts TV. You can view all previously recorded episodes at this link.
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
In this video, Mary Ellen spotlights the areas driving market momentum following Taiwan Semiconductor's record-breaking earnings report. She analyzes continued strength in semiconductors, utilities, industrials, and AI-driven sectors, plus highlights new leadership in robotics and innovation-focused ETFs like ARK. From there, Mary Ellen breaks down weakness in health... 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