DROP IN JOBLESS CLAIMS BOOSTS STOCKS, HURTS BONDS -- YAHOO LEADS INTERNET BREAKOUT

John Murphy
by John Murphy,
Chief Technical Analyst, StockCharts.com

NASDAQ HITS NEW HIGH... Jobless claims dropped much more than expected; the drop was the biggest in eight months. That's reminiscent of last Friday's strong jobs report. And the market's reactions are the same. Stocks are higher, bonds are lower; in addition, a bouncing dollar is causing profit-taking in gold and gold shares. The Nasdaq is the morning's biggest gainer among the major stock averges. Chart 1 shows the Nasdaq Composite moving to a new recovery high. Internet stocks are leading the technology breakout. Chart 2 shows the Interactive Internet Index breaking out as well this morning. Yahoo has a lot to do with the surge in Internet stocks. A strong earnings report has catapulted the Internet bellwether to a two-year high. Small cap stocks are also leading the morning rally. Chart 4 shows the Russell 2000 moving into new high ground. MORE LATER.

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John Murphy
About The Author:

John is a renowned author in the investment field and former technical analyst for CNBC. Considered the father of intermarket technical analysis, his books include “Technical Analysis of the Financial Markets” and “Trading with Intermarket Analysis”. Learn More 

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Week Ahead: Nifty Near a Tactical Inflection Point

Week Ahead: Nifty Near a Tactical Inflection Point

Milan Vaishnav
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae

After a week of heightened volatility, the Nifty ended the week with gains and a positive broader trend. What will it take to reassert upside momentum -- or a correction?...   READ MORE 

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Ignore the Headlines. Let the Charts Do the Talking.

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

This week’s market action is a reminder of why it’s important to tune out the noise and tune into the charts. Three straight down days are enough to make any investor a little uneasy. Headlines clog up your inbox, opinions pile up, and it feels like something terrible...   READ MORE 

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AI Infrastructure Is Leading — Not the Headlines!

AI Infrastructure Is Leading — Not the Headlines!

Mary Ellen McGonagle
by Mary Ellen McGonagle,
President, MEM Investment Research

Mary Ellen McGonagle breaks down why AI infrastructure continues to lead even as headline tech stocks struggle with earnings volatility. She highlights where capital is flowing under the surface and why long-term demand themes are holding up against short-term noise....   READ MORE 

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Arrows pointing up stuck to chart with one peeling off above others

Dow Theory Confirmed: Technology Holds Critical Support

Tom Bowley
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com

The Dow Jones Industrial Average and Dow Jones Transportation Average notched record closes, indicating that economic conditions are strong. Even the S&P 500 and XLK bounced off key support levels. Does this mean we're out of the woods? Find out here....   READ MORE 

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Avoiding Confirmation Bias: Four Paths for the S&P 500 Into March

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

As volatility picks up, the S&P 500 sits in a crucial neutral zone. Dave Keller, CMT, uses probabilistic analysis to outline four possible paths for the index into late March—from a renewed bull run to a deeper correction—helping investors prepare for multiple outcomes....   READ MORE 

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Arrows going up and down

Bearish Reversal for QQEW, New Highs Surge as Low Vol Leads, Strength in EW Sectors

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Money is moving into stocks with relatively low volatility, most equal-weight sectors are up, and QQEW reversed its long-term uptrend. What does Arthur Hill make of this? Find out here....   READ MORE