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 

Archived News

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Market Update: CPI-Fueled Rally Fizzles Out as Stocks Sag

Market Update: CPI-Fueled Rally Fizzles Out as Stocks Sag

In this episode of StockCharts TV'sThe Final Bar, guest Mish Schneider of MarketGauge talks higher rates and why China may deserve a second look for investors. Host David Keller, CMT highlights one key industry group feeling the pain as TSLA heads toward trend line support. This video originally...   READ MORE 

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Stocks Selloff into Close After Failing at Resistance

Stocks Selloff into Close After Failing at Resistance

In this episode of StockCharts TV'sThe Final Bar, David Keller, CMT tracks the market's downside rotation as the S&P 4500 level once again serves as key resistance. He highlights semiconductor names, including NVDA and AVGO, that are breaking below their 50-day moving average, then...   READ MORE 

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Market Breadth Indicators Signal Selling Phase

Market Breadth Indicators Signal Selling Phase

In this episode of StockCharts TV'sThe Final Bar, David Keller, CMT tracks the initial selloff and subsequent recovery for the S&P 500 and Nasdaq, with bullish candle patterns popping up on charts like AAPL. He digs into market breadth indicators, which have signaled a likely rotation...   READ MORE 

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A HUGE Double Top Pattern in the S&P 500?

A HUGE Double Top Pattern in the S&P 500?

In this episode of StockCharts TV'sThe Final Bar, Dave sets the table for this week with a focus on FAANG stocks breaking down (MSFT, AAPL) vs. those still trending higher (META, GOOGL) as well as a potential rotation into financials XLF and energy XLE. He answers viewer questions...   READ MORE 

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Growth Stocks Begin Down a Slippery Slope

Growth Stocks Begin Down a Slippery Slope

KEY TAKEAWAYS * Two key breadth indicators, the McClellan Oscillator and the Nasdaq 100 Bullish Percent Index, both registered bearish signals this week. * While AMZN gapped higher on earnings and AAPL plunged lower, both stocks ended the week with bearish candle patterns. * Investors can use Fibonacci Retracements along with moving averages...   READ MORE 

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Tech Stocks Face BIG TIME Thrashing as Apple Disappoints

Tech Stocks Face BIG TIME Thrashing as Apple Disappoints

In this episode of StockCharts TV'sThe Final Bar, Dave tracks the bearish rotation for the technology sector as earnings misses for AAPL, PANW, FTNT, and others put downside pressure on the Nasdaq. He answers viewer questions on On Balance Volume, Chaikin Money Flow, and technical analysis techniques when...   READ MORE 

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Caclulating the Risk of S&P 500 Downside Below October 2022 Low

Caclulating the Risk of S&P 500 Downside Below October 2022 Low

In this episode of StockCharts TV'sThe Final Bar, guest Jeff Huge, CMT of JWH Investment Partners shares his Elliott Wave chart of the S&P 500, including a downside projection well below the October 2022 low. Host David Keller, CMT reveals another market breadth indicator registering a...   READ MORE 

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Growth Stocks are PLUNGING Now? Blame Fitch Downgrade!

Growth Stocks are PLUNGING Now? Blame Fitch Downgrade!

In this episode of StockCharts TV'sThe Final Bar, guest Jay Woods, CMT of Freedom Capital Markets talks downside targets for the S&P 500 and Nasdaq 100, and also highlights one key sector with upside potential. Meanwhile, Dave reveals a huge sell signal from an important measure...   READ MORE 

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Pay Attention to THIS! The Market is About to Skyrocket

Pay Attention to THIS! The Market is About to Skyrocket

In this episode of StockCharts TV'sThe Final Bar, guest Ari Wald, CFA CMT of Oppenheimer shows how overbought conditions have actually been a long-term bullish signal for the S&P 500 and Nasdaq. Dave highlights stocks reporting earnings today, including Eaton Corporation (ETN), Caterpillar (CAT), Stanley Black...   READ MORE 

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Breaking Down the Heavy Earnings Week

Breaking Down the Heavy Earnings Week

In this episode of StockCharts TV'sThe Final Bar, Dave breaks down a heavy earnings week featuring AAPL, AMZN, COIN, PYPL, COP, and others. Will this week illustrate the rotation from growth sectors like technology to value sectors like energy and materials? Dave also answers viewer questions on chart...   READ MORE 

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Top Ten Charts to Watch in August 2023

Top Ten Charts to Watch in August 2023

In this episode of StockCharts TV'sThe Final Bar, Dave shares the ten charts he'll be watching as we continue into the seasonally weakest part of the year. Will the mega-cap growth trade falter, putting downside pressure on the S&P 500 and Nasdaq? StockCharts memberscan...   READ MORE 

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Is The S&P 500 Forming a Huge Double Top? A Q&A with David Keller, CMT

Is The S&P 500 Forming a Huge Double Top? A Q&A with David Keller, CMT

In this episode of StockCharts TV'sThe Final Bar, David Keller hosts a special all-mailbag edition of The Final Bar featuring questions on trailing stop techniques, MACD histograms, uranium stocks, and a potential double top formation for the S&P 500 index. This video was originally broadcast on...   READ MORE 

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All That's Bullish is GLD as the Week Wraps

All That's Bullish is GLD as the Week Wraps

In this episode of StockCharts TV'sThe Final Bar, guest Jesse Felder of The Felder Report joins us in the studio to present the bullish case for gold based on price pattern analysis as well as a contrarian sentiment indicator. Dave wraps the week with a focus on bearish...   READ MORE 

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A Painful Plummet for Netflix and Tesla; Is This Just the Beginning?

A Painful Plummet for Netflix and Tesla; Is This Just the Beginning?

In this episode of StockCharts TV'sThe Final Bar, guest Danielle Shay of Simpler Trading breaks down today's Nasdaq bloodbath and focuses on potential support levels for TSLA, MSFT, TSM, and AMD. Host David Keller, CMT highlights one Health Care name showing a bullish momentum divergence. This...   READ MORE 

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Tired of Long Large-Cap Growth Stocks? Dave Shows His Top 2 Alternatives

Tired of Long Large-Cap Growth Stocks? Dave Shows His Top 2 Alternatives

In this episode of StockCharts TV'sThe Final Bar, guest Dana Lyons of J. Lyons Fund Management shares two ideas for investors looking to diversify away from the US large-cap growth space. Host David Keller, CMT highlights one key breadth indicator flashing a big time overbought signal as the...   READ MORE 

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Another New High for the Year?

Another New High for the Year?

In this episode of StockCharts TV'sThe Final Bar, guest Nick Raich of The Earnings Scout focuses in on one sector that has a lot of earnings potential. Host David Keller, CMT explores more new highs in the S&P 500 and, with earnings season starting with force,...   READ MORE 

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S&P 500 Pushing All-Time Highs? Strong Trends Getting Stronger

S&P 500 Pushing All-Time Highs? Strong Trends Getting Stronger

In this special episode of StockCharts TV'sThe Final Bar, Dave celebrates the S&P 500 making another new high for 2023 and focuses on two key growth stocks reporting earnings this week. He answers questions on linear vs. logarithmic-scale charts, upside for COIN and breakout potential for...   READ MORE 

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How to Pick the Best Technical Indicator for You

How to Pick the Best Technical Indicator for You

In this special episode of StockCharts TV'sThe Final Bar, Dave answers questions from the mailbag on all things technical analysis and market strategy. He shares best practices on charting inflation rates, how the put/call ratio can be used for trend analysis, Elliott Wave corrective patterns, back testing...   READ MORE 

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Absolutely Everything Goes Up

Absolutely Everything Goes Up

KEY TAKEAWAYS * The ARK Innovation ETF has been a chronic underperformer in recent years, but 2023 has seen a dramatic turnaround. * The top holdings of ARKK, especially TSLA, COIN, and ROKU, have been the source of key gains this year. * Renewed strength from emerging technology is part of a broader...   READ MORE 

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Top 3 Pitfalls YOU Probably Make When Trading

Top 3 Pitfalls YOU Probably Make When Trading

In this episode of StockCharts TV'sThe Final Bar, guest Dave Landry, MBA of DaveLandry.com gives us 3 of the most common behavioral pitfalls that traders make. Host David Keller, CMT explores what leadership themes we can uncover after the major moves in today's market and...   READ MORE 

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One Chart SCREAMING Small-Caps Over Large-Caps

One Chart SCREAMING Small-Caps Over Large-Caps

In this episode of StockCharts TV'sThe Final Bar, guest John Lewis of Dorsey Wright Money Management shares how his point & figure chart indicates upside potential for the Russell 2000 index. Host David Keller, CMT speaks to renewed strength in crude oil, energy stocks, NE, ROKU, and COIN....   READ MORE 

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Industrials Ignite as Bitcoin Blasts Off

Industrials Ignite as Bitcoin Blasts Off

In this episode of StockCharts TV'sThe Final Bar, Dave highlights top performers in the industrial sector and tracks the renewed rally in Bitcoin after news of a $125K price target. He answers viewer questions on trailing stop indicators, exhaustion gaps, and support and resistance zones. This video was...   READ MORE 

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Three Key Charts Showing Bearish Divergences

Three Key Charts Showing Bearish Divergences

KEY TAKEAWAYS * Bearish momentum divergences suggest exhaustion for buyers after a long bullish phase. * The 2021 market top was marked by a bearish momentum divergence for the S&P 500. * Bearish divergences between price and RSI indicate potential downside for leading growth stocks, including AMZN and LRCX. * The S&...   READ MORE 

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Bearish Divergences Cause Market to Drop

Bearish Divergences Cause Market to Drop

In this episode of StockCharts TV'sThe Final Bar, Dave wraps the week with a focus on a growing number of bearish momentum divergences, including on the S&P 500 index itself! He answers viewer questions on trailing stops, taking profits on strong performers, and running technical indicators...   READ MORE 

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Secular Trends Contrasted with Deterioration

Secular Trends Contrasted with Deterioration

In this episode of StockCharts TV'sThe Final Bar, guest Mary Ann Bartels of Sanctuary Wealth reinforces the strength of long-term secular trends contrasted with short-term deterioration for growth stocks. Meanwhile, Dave highlights one of the FAANG stocks prominently displaying the dreaded bearish momentum divergence! This video was originally...   READ MORE 

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Red Flags Raised by Bearish Engulfing Patterns

Red Flags Raised by Bearish Engulfing Patterns

In this episode of StockCharts TV'sThe Final Bar, Dave talks through potential red flags on two key growth stocks as the market uptrend pushes into the second half of the year. He answers viewer questions on tracking "smart money" behavior, navigating double top patterns and scanning...   READ MORE 

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Top 10 Stocks to Watch in July 2023, Part 1

Top 10 Stocks to Watch in July 2023, Part 1

In this episode of StockCharts TV'sThe Final Bar, Part 1 of a two-part special examining the Top Ten Stocks to Watch in July 2023, Dave covers #10-#6, including AAPL, FDX, and more. Stay tuned for Part 2 tomorrow, in which Grayson will follow up with #5-#1....   READ MORE 

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What's Next for QQQ: Super Bullish to Super Bearish

What's Next for QQQ: Super Bullish to Super Bearish

Exactly how long is this raging bull market driven by mega-cap growth stocks supposed to last? I was taught that, when price trends higher over time, there would often be brief countertrend pullbacks along the way. Apple (AAPL) has completely ignored that market truismand managed to ride this unrelenting ascent...   READ MORE 

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Downside Targets For S&P 500 Pullback

Downside Targets For S&P 500 Pullback

Recently, we've focused on the overextended nature of the small group of mega-cap leadership names in 2023, and even identified threekey charts to watch for a pullback in the technology sector.This week, we observed further deterioration in breadth indicators, with the cumulative advance-decline lines for all cap...   READ MORE 

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Three Charts Show Bear Case for Technology

Three Charts Show Bear Case for Technology

As a trend follower, I'm bullish. I can't deny that the trend is positive on all three time frames using my Market Trend Model. So any bear case at this point has to be based on a market being so overextended that it is ripe for...   READ MORE 

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The Super Bullish to the Super Bearish

The Super Bullish to the Super Bearish

One of my favorite parts of hosting a show on StockCharts TVis being able to interview analysts, traders, and money managers with all sorts of different backgrounds. Recently, I was asked in our mailbag segment about why and how my guests can have very different takes on the markets at...   READ MORE 

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The Bull Case for Energy is Clear

The Bull Case for Energy is Clear

What compels me to write a bold headline claiming one sector is obviously poised to break out to the upside? As a trend follower, I have three goals every day: identify trends, follow those trends, and anticipate when those trends may reverse. Simple, right? Energy has been the worst-performing sector...   READ MORE 

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The Downside to This Up Market

The Downside to This Up Market

Are stocks in a bull market phase at the moment? Well, that certainly depends on where you're looking. If you're analyzing the Nasdaq 100 index, or semiconductors, or AAPL, or NFLX, or a handful of other mega-cap growth names, then that is basically an undeniable truth...   READ MORE 

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Fibonacci Says Upside to SPX 4300

Fibonacci Says Upside to SPX 4300

Earlier this week, I completed a "clean slate" exercise on the S&P 500 chart. You see, my charts become pretty busy over time, because I draw lots of trend lines and put notes on the charts as well. Basically, I consider charts to be the way...   READ MORE 

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Ending the Sloppy Choppy Phase

Ending the Sloppy Choppy Phase

In the last two weeks, I've heard this market described as "frustratingly neutral", "decidedly sideways", "stuck", and my personal favorite, the "sloppy choppy" phase. So how does the market breakout of this sideways period and move into a new bullish...   READ MORE 

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Three Charts Suggest Pullback Imminent

Three Charts Suggest Pullback Imminent

The major equity averages have stalled out in recent weeks, trading up to their February highs but unable to muster enough positive momentum to push to new swing highs. The key question as we continue through earnings season is whether there will arise a catalyst to propel the S&...   READ MORE 

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Why Market Conditions Are Not Yet Bullish

Why Market Conditions Are Not Yet Bullish

A number of my recent conversations on The Final Barhave related to the conflict presented in the markets in April 2023.Classic measures of market trend, from the Coppock Curve to the Zweig Breadth Thrust to my own Market Trend Model, are all giving a strong positive signal on trend...   READ MORE 

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Key Levels for the FAANG Stocks

Key Levels for the FAANG Stocks

A number of my conversations this week on The Final Bardealt with the challenges presented by narrow leadership. Joe Rabil pointed out theweakness in small caps,and Jeff Huge focused on the difference between theYTD returns of FAANG stocksversus pretty much everything else. Why is narrow leadership such a problem?...   READ MORE 

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Three ETFs Showing Renewed Strength

Three ETFs Showing Renewed Strength

With the first quarter of 2023 drawing to a close, what impresses me most about the equity markets are the improving breadth conditions. While the markets can move higher on strength from the MANAMANA stocks, sustained bull market phases usually need additional support from other stocks. One could argue that...   READ MORE 

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Market Trend Model Turns Bearish

Market Trend Model Turns Bearish

This week, stocks started in a position of strength and ended in a position of weakness. While some groups, like semiconductors, have managed to remain strong, the major benchmarks managing to pound out a positive return for the week, the broad market message appears cautious-at-best by my read. My main...   READ MORE