David Keller

David Keller


David is President and Chief Strategist at Sierra Alpha Research LLC, where he helps active investors make better decisions using behavioral finance and technical analysis. He is a former President of the CMT Association. Learn More 

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Are Sentiment Indicators Bearish Enough to Be Bullish?

Are Sentiment Indicators Bearish Enough to Be Bullish?

Sentiment has turned more bearish, but is it bearish enough to signal a market low? Join Dave Keller as he reviews the VIX, AAII survey, NAAIM exposure, and put/call ratios to show why conditions may not be extreme just yet....   READ MORE 

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falling dominoes

Cracks in Mega-Cap Leadership: What MSFT, AMZN, and TSLA Are Telling Us

Mega cap leaders are beginning to weaken beneath the surface of a rangebound market. Dave Keller, CMT, highlights bearish patterns in Microsoft, Amazon, and Tesla, raising concerns that deteriorating leadership could lead to further downside for the S&P 500 and Nasdaq....   READ MORE 

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These Charts Could Decide the Next Market Move

These Charts Could Decide the Next Market Move

Why hasn’t the market broken down, even amid weakening breadth? Dave Keller shows how a small group of mega-cap stocks may be holding the indexes together, and the key levels that could decide the next market move....   READ MORE 

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Market Breadth Breakdown: Why the Market Has “Bad Breadth” in March 2026

Market Breadth Breakdown: Why the Market Has “Bad Breadth” in March 2026

The S&P 500 may look stable, but market breadth is quietly deteriorating. Dave Keller breaks down key breadth indicators and explains why weakening participation could signal trouble ahead....   READ MORE 

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Bull holding up arrow pointing up: strong stocks

Market Breadth Breaks Down, but These Stocks Still Look Strong

Even as market breadth deteriorates and the S&P 500 slips below key support, strong setups still exist. Dave Keller, CMT, highlights Marathon Petroleum, Target, and Palantir — three charts showing breakouts, trend strength, and improving momentum into March....   READ MORE 

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Dave Keller: Top 10 Stocks for March

Top 10 Charts to Watch | March 2026 Breakouts & Inflection Points

With corporate earnings now behind us, investors can shift their focus to the trends taking shape in Q1. In this video, David Keller, CMT, shares the top 10 charts he's watching for March 2026, and more importantly, why they matter right now. Dave organizes his charts into three...   READ MORE 

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NVDA Earnings Preview: 5 Charts That Could Define the Next Major Move

NVDA Earnings Preview: 5 Charts That Could Define the Next Major Move

With NVIDIA earnings having the potential to trigger a major move, Dave Keller takes a close look at it’s chart across multiple timeframes. From long-term PPO signals to key support and resistance, he explains the critical features that could confirm a breakout or breakdown....   READ MORE 

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Stock chart that is rangebound

Rangebound Market: How to Trade the S&P 500’s Next Move

The S&P 500 remains locked in a multi-month consolidation as leadership rotates from growth into value. Dave Keller, CMT, updates key support and resistance levels and explains how momentum signals, especially RSI, could confirm the S&P 500's next breakout or breakdown....   READ MORE 

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RSI Divergences Can Signal Major Tops — But Only If Confirmed!

RSI Divergences Can Signal Major Tops — But Only If Confirmed!

RSI divergences can warn of potential major tops, but only if confirmed by breakdown signals. David Keller walks through DG, GOOGL, AT&T, and the S&P 500 to show what must happen before a divergence becomes actionable....   READ MORE 

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Bottom Fishing or Breakdown? How to Spot a True Trend Reversal

Bottom Fishing or Breakdown? How to Spot a True Trend Reversal

When high-flying stocks tumble, is it a buying opportunity or the start of a deeper decline? Dave Keller, CMT, uses Alaska Air as a case study to show how momentum divergences and moving averages can confirm a true bottom—then applies the framework to PLTR and COIN....   READ MORE 

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Defensive Sectors Surge as Hindenburg Omen Flashes Warning

Defensive Sectors Surge as Hindenburg Omen Flashes Warning

A confirmed Hindenburg Omen signal and renewed rotation into defensive sectors are raising caution flags for US equities. While the S&P 500 remains in a neutral range, Dave Keller, CMT, highlights key support levels and breadth signals investors should monitor closely....   READ MORE 

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PLTR, BTC, and COIN: How to Spot Bottoming Clues (and Avoid Falling Knives)

PLTR, BTC, and COIN: How to Spot Bottoming Clues (and Avoid Falling Knives)

Dave contrasts trend-following momentum strategies with value-oriented approaches focused on buying weakness, and explains how technical analysis uses leading and lagging signals....   READ MORE 

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Four railroad tracks crossing

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

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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AMD Earnings Fallout: What a Break Below $200 Would Really Mean

After a sharp post-earnings drop, AMD remains locked in a multi-month consolidation between $200 and $265. Dave Keller, CMT, breaks down how accumulation, distribution, and consolidation phases form, along with what price levels would confirm a decisive bearish shift....   READ MORE 

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AMD Case Study: Trend Phases, Earnings Risk, and the “Nothing Burger” Range

AMD Case Study: Trend Phases, Earnings Risk, and the “Nothing Burger” Range

Not sure if a stock is breaking out or topping out? Dave Keller, CMT, uses AMD to explain trend phases and how StockCharts tools help investors manage risk and avoid emotional decisions....   READ MORE 

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Beyond the Bull Market: Three Charts Still Showing Technical Strength

Beyond the Bull Market: Three Charts Still Showing Technical Strength

As former market leaders stumble, opportunity still exists for disciplined chart watchers. Dave Keller, CMT, highlights three constructive technical setups—Walmart, CVS Health, and Comcast—that demonstrate how strength, support, and breakouts can emerge even in a choppier market environment....   READ MORE 

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Top 10 Charts Revealed -- February 2026 Market Shifts

Top 10 Charts Revealed -- February 2026 Market Shifts

Grayson Roze and Dave Keller break down the top 10 charts to watch for February, exposing where leadership is changing and where new strength is emerging. From rotation across sectors to key breakouts and bottoming patterns, these charts highlight what’s actually driving the market right now....   READ MORE 

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Failed Breakouts: How to Spot Them, Manage Risk, and Stay with Strong Charts

Failed Breakouts: How to Spot Them, Manage Risk, and Stay with Strong Charts

Markets are feeling uncertain as earnings season unfolds and the Fed meeting approaches, yet overall trends remain surprisingly strong. This week, Dave Keller explores the concept of failed breakouts and why managing risk is just as important as identifying new opportunities....   READ MORE 

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Chart of stock price displaying indicators

What RSI Is Really Saying About GOOGL, GS, and AAPL

The Relative Strength Index can reveal far more than overbought and oversold levels. Dave Keller, CMT, analyzes RSI structures in GOOGL, GS, and AAPL to show how momentum confirms strong uptrends, warns of divergences, and signals full trend breakdowns....   READ MORE 

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RSI Signals Most Traders Misread — Overbought Levels & Divergences That Matter

RSI Signals Most Traders Misread — Overbought Levels & Divergences That Matter

Dave Keller breaks down RSI signals that many traders misread, including overbought conditions and bearish divergences. Using real chart examples, he explains which RSI signals actually matter as momentum shifts....   READ MORE 

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Defensive player tackling offensive running back

Defensive Strength: Three Consumer Staples Charts Leading the Market

As growth sectors lagged, Consumer Staples emerged as a rare pocket of strength. Dave Keller, CMT, highlights three standout charts—Costco, Philip Morris, and Dollar Tree—showing bullish technical setups that prove strong trends can appear in any sector....   READ MORE 

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Person analyzing a stock chart

Three Breadth Signals Confirming the Market’s Bullish Trend

Market breadth has improved dramatically as the S&P 500 pushes to new highs. Dave Keller, CMT, reviews three key breadth indicators—including advance-decline lines, new highs vs. lows, and stocks above key moving averages—to assess whether this bullish trend remains intact....   READ MORE 

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5 Breadth Signals Powering the 2026 Breakout and What Would Break It

5 Breadth Signals Powering the 2026 Breakout and What Would Break It

David Keller breaks down five key breadth signals confirming the market’s 2026 breakout. At the same time, he also examines what each indicator could do that would signal weakening participation and a potential breakdown....   READ MORE 

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Financials Leading Tech?

Why Financials May Matter More Than Tech in Early 2026

As we head into 2026, signs of rotating market leadership are already emerging, and the Financial sector is starting to attract attention. In this video, David Keller, CMT, takes a deep dive into the Financial sector, the yield curve, and the shifting interest rate dynamics. Dave breaks down what the...   READ MORE 

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Target with three arrows

Three Investing Lessons from a Challenging 2025 Market

After a challenging and highly rotational 2025, Dave Keller, CMT, shares three key investing lessons, from focusing on process over prediction to recognizing leadership shifts beneath the surface. Learn how investors can better prepare for market opportunities in 2026....   READ MORE 

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2025 Market Recap & 2026 Outlook: Trends, Psychology, and What Comes Next

2025 Market Recap & 2026 Outlook: Trends, Psychology, and What Comes Next

Grayson and Dave give their year-end thoughts about the wild market action of 2025, what worked (or not) for traders over the course of the year, and what lessons to take for 2026. ...   READ MORE 

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Change of Character: Spotting the Shift From Downtrend to Uptrend

Change of Character: Spotting the Shift From Downtrend to Uptrend

David Keller explains how to spot when a stock transitions from distribution to accumulation, and how you can use scanning, alerts, and scheduled scans to find the next breakout....   READ MORE 

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Traffic light: an approach to trend changes

Is the S&P 500 Stuck in Neutral? A Traffic Light Approach to Trend Changes

Since the April low, the S&P 500 has shifted from a strong uptrend into a clear consolidation. Dave Keller, CMT, introduces a “traffic light” charting technique to define key support and resistance levels—and spot when sideways markets finally break into accumulation or distribution....   READ MORE 

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Hedge Funds AND Mutual Funds Picked These 6 Stocks — Should You?

Hedge Funds AND Mutual Funds Picked These 6 Stocks — Should You?

Dave Keller, CMT reviews six stocks that appeared on both hedge fund and mutual fund “shared favorites” lists in a recent Goldman Sachs study. He evaluates each using StockCharts tools, revealing which setups still show strength and which may be flashing warning signs....   READ MORE 

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Bull or Bear? Dave Keller’s Four Scenarios for the Nasdaq’s Next Move

Bull or Bear? Dave Keller’s Four Scenarios for the Nasdaq’s Next Move

The Nasdaq 100 sits near record highs, but where does it go from here? Dave Keller, CMT, lays out four scenarios—ranging from a Santa Claus rally to a deeper correction—and assigns probabilities to each to help investors prepare for early 2026’s next big move....   READ MORE 

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Investor watching charts on screen

Top Charts for December: When the 200-Day Becomes the Deciding Factor

The 200-day moving average remains one of the most powerful tools in technical analysis. Dave Keller, CMT, spotlights three stocks—COO, COIN, and HBAN—where this long-term trendline is shaping potential bullish reversals, bearish setups, and breakout recoveries....   READ MORE 

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David Keller's December Playbook: 10 Charts You Should See

David Keller's December Playbook: 10 Charts You Should See

If you're looking for a quick pulse of the stock market heading into the last month of the year, David Keller, CMT, just dropped a video breaking down the 10 charts he's watching, and there's a lot to unpack. Some stocks are powering higher...   READ MORE 

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Arrows moving up and down

Apple Leads, Amazon Lags, Nvidia Wobbles: Sorting the Magnificent 7 by Trend Strength

The Magnificent 7 are showing clear divergence from each other in November. Apple continues its breakout, Nvidia struggles after earnings, and Amazon teeters on key support. Dave Keller, CMT, breaks down the technical setups that could shape December’s market trend....   READ MORE 

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Magnificent 7 Breakdown: Leaders, Laggards & the Charts to Watch Now!

Magnificent 7 Breakdown: Leaders, Laggards & the Charts to Watch Now!

The mega-cap growth stocks are no longer moving in sync, and that's creating big opportunities. In this video, David Keller, CMT, breaks down the "Magnificent 7 and Friends" into four clear technical categories to reveal where leadership is emerging and where weakness is starting to bite....   READ MORE 

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Image of trend reversal

A “Change of Character” for Stocks: Key Breakdown Levels to Watch

A “change of character” is emerging as major indexes weaken in November. Equal-weight indexes confirm a bearish turn, Bitcoin’s collapse highlights fading speculation, and the S&P 500’s key support near 6550 may be the final line before a deeper market correction....   READ MORE 

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3 Major Breakdown Signals - Is a Market Top Forming?

3 Major Breakdown Signals - Is a Market Top Forming?

David Keller, CMT uses the modern Dow Theory, sector rotation, and Bitcoin’s decline to illustrate what might be a developing market top. With StockCharts’ tools, Dave tracks weakening momentum, defensive shifts, and the S&P 500’s crucial 6550 support level....   READ MORE 

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Stock chart with buy and sell buttons

Three Stocks That Could Benefit Most from Tariff Relief — If the Charts Agree

With talk of tariffs being rolled back, stocks like Best Buy, Stanley Black & Decker, and Nike could benefit from renewed optimism. But, as Dave, explains, the charts tell the real story, revealing which names are technically ready to lead the next move higher....   READ MORE 

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The Tariff Relief Playbook: 10 Stocks with Upside Potential

The Tariff Relief Playbook: 10 Stocks with Upside Potential

Which stocks could benefit the most if trade tariffs are rolled back? Dave highlights ten potential winners—including CAT, NKE, and more—and shows how to use StockCharts tools to uncover trend strength and opportunities....   READ MORE 

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Juggling different sectors and industry groups

Change of Character: Why the S&P 500’s Uptrend May Be Breaking Down

The S&P 500 has broken below its 21-day EMA and key trend channel support, testing its 50-day moving average as market breadth weakens. With tech leaders like NVDA and AVGO tumbling, investors should watch for a possible rotation toward defensive sectors....   READ MORE 

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Buying the dip in stocks

Will “Buy the Dips” Work Again in November 2025?

Identifying a true uptrend means watching for higher lows and key support levels. Charts of CELH, BAC, and CAT show how dip-buying and moving-average support reveal whether bullish momentum will continue or signal a shift toward a bearish phase....   READ MORE