KEY TAKEAWAYS * Strong September jobs report caused an initial shock but investors overcame it and the broader stock market indexes all closed higher * Volatility remained below 20 during the trading day * In addition to Technology and Communication Services, Financials may be showing bullish strength September's strong labor market—... READ MORE
KEY TAKEAWAYS * Rising yields have wreaked havoc on equities but it's not necessarily a cause for worry * Growth stocks have performed well during high interest rate environments and are likely to do so again * The Bullish Percent Index can signal when a turnaround will occur The stock market... READ MORE
KEY TAKEAWAYS * Market volatility is low yet few stocks are trading above their 50-, 100-, and 200-day moving averages * Market indicators are showing lack of momentum in the stock market * Q4 earnings could be the catalyst that moves the market As Q3 and a dismal September end, some interesting dynamics... READ MORE
KEY TAKEAWAYS * NVDA stock is holding on to the support of its 100-day moving average * NVDA has maintained a high StockCharts Technical Rank (SCTR) since early 2023 * NVDA's relative strength with respect to the S&P 500 is approaching 200% Nvidia's stock has maintained a... READ MORE
KEY TAKEAWAYS * Rising Treasury yields have hurt growth stocks but buying opportunities could lie ahead * The stock market could bottom at the end of September and present buying opportunities * Watch Fibonacci levels, Equal Weighted S&P 500 Index, and market breadth for a reversal Last week wasn't... READ MORE
KEY TAKEAWAYS * Although September is considered a seasonally weak period for the stock market the fourth quarter is typically a strong period * There's a high probability of the S&P 500 Index reaching a new high in Q4 * Growth stocks, Industrials, Financials, and Commodities could all see... READ MORE
KEY TAKEAWAYS * Chesapeake Energy stock has been trending higher since June 2023 * Chesapeake Energy stock has room for upside growth * CHK could benefit from the rise in crude oil prices In addition to analyzing the stock market's overall performance, running scans when the market opens and after it... READ MORE
KEY TAKEAWAYS * September is usually a weak month in the stock market and this time it may be no different * In spite of the selloff the broader equity indexes are still trending higher * Rising oil prices and the US dollar may put some pressure on inflation "September is when... READ MORE
KEY TAKEAWAYS * Energy stocks are in focus as US crude oil prices continue rising higher * Oil prices have more room to rise but if prices go too high there may be demand pressures * Diamondback Energy is getting close to its 52-week high With Labor Day weekend behind us, it'... READ MORE
KEY TAKEAWAYS * Overall, the stock market has managed to hold on to its upward rally even in spite of a pullback * Crude oil prices rose on news of production cuts * Treasury yields rose on the jobs report data The much-awaited August jobs report was released on Friday. While it came... READ MORE
KEY TAKEAWAYS * Get a macro view of the market by analyzing the broader indexes * Identify stocks which show a divergence between price and the Williams Insider Accumulation Index * If accumulation is increasing and the stock price starts moving higher, it could be an ideal entry point Whether you're... READ MORE
KEY TAKEAWAYS * Stock market was hit hard by China's economic woes but rebounded * Technology and Communication Services sectors were hit hard this week * Bitcoin shares fall to June levels This week's stock market activity gave us an unpleasant reminder of how equities can turn on a... READ MORE
KEY TAKEAWAYS * Broader stock market indexes fall sharply on Fed minutes * Treasury yields continue to rise * S&P 500 index closes below its 50-day moving average Better-than-expected earnings from Target (ticker symbol: TGT) and TJX Cos (ticker symbol: TJX), as well as better-than-expected US industrial output, threw some optimism... READ MORE
KEY TAKEAWAYS * If you have a short-term neutral bias and are bullish for the long-term, consider trading cash-secured puts * Your max profit from selling the put is limited to the premium you collect and max loss could be significant * Cash-secured puts can be used as an income generating strategy Bummed... READ MORE
KEY TAKEAWAYS * DIA bounced off its 21-day exponential moving average * The SCTR score is above 70 and market internals are looking positive * Index ETFs can be a great way to get exposure to an index without owning individual stocks If you look at the performance of the S&P... READ MORE
It was quite a week in the stock market. The early part was relatively calm, but then things got a little hairy. You can thank the Fitch Ratings downgrade of US long-term debt from AAA to AA+ for the quick pivot in investor sentiment. The reason for the downgrade: "... READ MORE
KEY TAKEAWAYS * When selecting an options contract for your covered call look at probabilities and days to expiration * Know the best case scenario, worst case scenario, and the sweet spot when trading covered calls * Understand the risks and rewards of covered calls Have you considered renting a room in your... READ MORE
KEY TAKEAWAYS * The stock market ended on a positive note in spite of a hiccup * Strong earnings and softer PCE helped push the stock market higher * Volatility showed some erratic movement but settled down at the end of the week "Bearish engulfing pattern," "outside day," "... READ MORE
KEY TAKEAWAYS * Comcast stock gapped higher on strong earnings * The stock has several resistance levels to overcome before reaching its all-time high * The 21-day exponential moving average could be the stock's first support level Movies and streaming videos—they're here to stay, at least for a... READ MORE
KEY TAKEAWAYS * Fed raised interest rates 25 basis points but didn't indicate if this would be the last rate hike * The Dow Jones Industrial Average came off its high but managed to close higher for its 13-day win streak * There wasn't much reaction in the gold... READ MORE
KEY TAKEAWAYS * Earnings results from Big Tech stocks MSFT, META, GOOGL on deck * Strong earnings could push the Nasdaq 100 index to new highs * Investors will be listening to what the Fed has to say about inflation The next couple of weeks should prove to be an exciting time for... READ MORE
KEY TAKEAWAYS * You want to invest in stocks and ETFs in the best-performing sector * Within the best performing sector, find the top sub industry * Identify stocks and ETFs with promising charts and find an opportune entry point When broad equity indexes move higher and higher and you don't... READ MORE
KEY TAKEAWAYS * Positive momentum in the stock market is driving equities higher * If earnings continue to be upbeat, the S&P 500 could reach its all time high * Weaker US dollar is pushing commodity prices higher As the trading week ends, the better-than-expected earnings from three big banks, Delta... READ MORE
KEY TAKEAWAYS * JP Morgan Chase is the leader of the pack and could see more upside * If Wells Fargo beats earnings estimates, the stock may leave its choppy stock price movement behind * Citigroup, the laggard, may need more than an earnings beat to push the stock higher Bank earnings hold... READ MORE
KEY TAKEAWAYS * The S&P 500 index is approaching its all-time highs * Investors will be closely watching big bank earnings and their impact on the broader market * Banking stocks could get a boost if banks report optimistic numbers On Thursday, the ADP jobs number came in much higher than... READ MORE
KEY TAKEAWAYS * LUV stock has broken a downward sloping trendline on the weekly chart * LUV's stock price has been gaining altitude rapidly since May * LUV could be a potential buy if the stock's price holds the 200-day moving average After a busy holiday travel weekend, it... READ MORE
KEY TAKEAWAYS * The Nasdaq 100 Index ($NDX) has outperformed the S&P 500, DJIA, and Nasdaq Composite * Momentum indicators can help identify a slowing down in equities * The difference between the 10 and 2-year Treasury spread is deeply inverted The first half of 2023 is ending on a positive... READ MORE
KEY TAKEAWAYS * Lululemon stock could move higher in sync with the Consumer Discretionary sector * LULU is trending higher above its 200-week moving average * LULU could find support at its 50-day simple moving average before moving higher Athleisure wear became trendy during the pandemic—what's not to like about... READ MORE
When the stock market trends higher, it doesn't necessarily mean all stocks are moving higher. This is why it's necessary to have a method to filter through the day's market action and select stocks or securities to trade that have the potential for a... READ MORE
With CPI data coming in as expected and a cooler PPI, it's clear that inflation is heading in the right direction, with the exception of a few areas such as housing. Overall, the data seal an interest rate pause from the Federal Reserve. After 10 consecutive rate hikes,... READ MORE
If you missed the AI run, this could be an opportunity to jump into a related stock, which surprised when it showed up in the StockCharts Technical Ranking(SCTR) scan on June 13. Intel Corp. (INTC) is a stock that could have some upside potential. Like most stocks in the... READ MORE
What a week the market had! At the start, things looked positive for the S&P 500 index ($SPX). The index finally broke above the 4200 level, the debt ceiling issue was resolved, and the probability of a Fed interest rate pause was relatively high. But on Wednesday, things... READ MORE
Zillow Group, Inc. (ZG) has faced a lot of headwinds in 2021. It pulled the plug on its home flipping segment, Zillow Offers, a big revenue generator. That hurt the company's bottom line, but, since then, Zillow Group has exhibited signs of turning around. It's made... READ MORE
During the pandemic, homes were buzzing with activity. Video calls, online convos, signing documents electronically... the list goes on. Now that things have normalized, some of those activities aren't as central to our lives as they used to be, and thus many of the "pandemic" stocks... READ MORE
When the stocks of large-cap companies, such as Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), and Nvidia (NVDA), keep moving higher and higher in an uncertain economic environment, it can be a cause for concern. Maybe investors have forgotten about these uncertainties surrounding the financial market—inflation is... READ MORE
Hershey's stock has pulled back. If you missed a previous opportunity to own the stock, this may be your second chance. Explore a few simple technical analysis tools that can help determine if the stock presents a buying opportunity. Are you bummed out that you missed a stock... READ MORE
May is Asian American and Pacific Islander Heritage Month. In recognition of the AAPI community, StockCharts spoke with a few individuals in the financial community about how their experiences, challenges, and heritage helped shape their careers in finance. Jonathan Lin, CMT, CFA, Chief Strategist at JL Market Technicals, has spent... READ MORE
In honor of Asian American and Pacific Islander Heritage month, StockCharts spoke with a few individuals in the financial industry to hear about their challenges and experiences that have helped shape their careers in finance. Tony Zhang, Chief Strategist at OptionsPlay, started in the financial industry at a very young... READ MORE
Amazon's stock price is starting to show some momentum. Will the stock break above its February high and ride to its next resistance level? Keep an eye on its SCTR score. If it stays above 70, this could be a nice ride. The StockCharts Technical Ranking (SCTR) scan... READ MORE
When inflation is a huge concern, you'd think the stock market would celebrate in a big way when inflation shows signs of cooling. Not so much. April consumer price index (CPI) and producer price index (PPI) data came close to estimates. Headline CPI rose 0.4% in April... READ MORE