Market Recap for Friday, September 14, 2018 The NASDAQ struggled on Friday, while the Dow Jones and S&P 500 managed to finish with slight, fractional gains. The Russell 2000 was the clear outperformer, a bullish development as the U.S. Dollar Index ($USD) bounced off its recent price... READ MORE
Special Offer If you would like a copy of my Strong Earnings ChartList, simply follow these steps and I'll send it to you: 1. You MUST be a paid Extra or Pro member of StockCharts.com as that's the only way you can download my ChartList.... READ MORE
Market Recap for Thursday, September 13, 2018 Thursday was a strong day for U.S. equities aside from lackluster performance from small caps (Russell 2000). The NASDAQ led the rally, gaining 0.75% as a rebound in biotechs ($DJUSBT) and semiconductors ($DJUSSC) provided some confidence for traders in those two... READ MORE
Market Recap for Wednesday, September 12, 2018 It was a day of bifurcation as it's difficult to sustain a rally when your two worst sectors are financials (XLF, -0.92%) and technology (XLK, -0.42%). As you might expect, relative weakness was found on the NASDAQ and Russell... READ MORE
Market Recap for Tuesday, September 11, 2018 All of our major indices finished the day higher, although there was little back and forth action. The Dow Jones traded in a 50 point range most of the afternoon. Still, higher is higher. Strength on Tuesday came from three sectors - energy... READ MORE
Special Offer If you would like a copy of my Strong Earnings ChartList, simply follow these steps and I'll send it to you: 1. You MUST be a paid Extra or Pro member of StockCharts.com as that's the only way you can download my ChartList.... READ MORE
Market Recap for Friday, September 7, 2018 U.S. stock indices and most sectors were flat to slightly lower to close out last week. The small cap Russell 2000 was down just 0.08%, while the Dow Jones was the biggest loser, dropping 0.30%. Among sectors, utilities (XLU, -1.... READ MORE
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Market Recap for Wednesday, September 5, 2018 There were a couple things that stood out to me regarding Wednesday's action. First, the recovery off the intraday low wasn't insignificant. However, the stocks driving most of the recovery were in defensive areas. Utilities (XLU, +1.40%) and... READ MORE
Market Recap for Tuesday, September 4, 2018 Our major indices rallied to end the day well off their intraday lows. All did finish in negative territory, however, as healthcare (XLV, -0.80%) and materials (XLB, -0.69%) were the weakest sectors. The XLV was led lower by biotechs ($DJUSBT, -1.... READ MORE
Market Recap for Friday, August 31, 2018 Friday's action was underscored by bifurcation. The NASDAQ and small cap Russell 2000 turned in solid gains of +0.26% and +0.48%, respectively, while the Dow Jones ended the day in negative territory. The S&P 500 was essentially... READ MORE
It's widely known that September historically has been a difficult month for U.S. equities. Since 1950, the S&P 500 has risen during the month of September 30 times and moved lower 38 times. It's the only calendar month where the bears have had... READ MORE
Market Recap for Thursday, August 30, 2018 Record Wall Street action was temporarily suspended on Thursday as all of our major indices fell in the final two hours to finish the day in negative territory. Utilities (XLU, +0.04%) managed to eke out a small gain, but the remaining sectors... READ MORE
Market Recap for Wednesday, August 29, 2018 It was another ho-hum day of records on Wall Street with the S&P 500, NASDAQ and Russell 2000 all closing at all-time record highs for the 4th consecutive session. The Dow Jones has yet to clear its January 2018 record high... READ MORE
Market Recap for Tuesday, August 28, 2018 U.S. stocks extended their winning streak deeper into record territory on Tuesday. The S&P 500 closed in record territory for the third consecutive session. While the gain was very slight (+0.03%), it still keeps the bulls in charge -... READ MORE
Market Recap for Monday, August 27, 2018 It was an all-around solid day on Wall Street to begin the final week of August. And it all occurred on Monday, which historically has been the worst calendar day of the week, particularly Mondays that fall during the second half of calendar... READ MORE
Market Recap for Friday, August 24, 2018 The boring stock market months of July, August and September just got a lot more exciting. Yesterday, the benchmark S&P 500 did something it's never done before. It closed above 2873. The NASDAQ and Russell 2000 also closed at... READ MORE
Market Recap for Thursday, August 23, 2018 Technology (XLK, +0.22%) was the only sector to finish in positive territory on Thursday. The remaining sectors were lower, led by materials (XLB, -0.68%), energy (XLE, -0.47%) and financials (XLF, -0.46%). The result was losses on all of our... READ MORE
Market Recap for Wednesday, August 22, 2018 Stock market action was bifurcated here in the U.S. on Wednesday as NASDAQ stocks led to the upside. The small cap rally continued with the Russell 2000 closing at a second consecutive all-time high. But both the Dow Jones and S&... READ MORE
Market Recap for Tuesday, August 21, 2018 Despite some selling late in the day, it was mostly a bullish day on Wall Street. The two sectors that lagged were defensive sectors - utilities (XLU, -0.72%) and consumer staples (XLP, -0.71%). Leading the market higher were consumer discretionary (XLY,... READ MORE
Market Recap for Monday, August 20, 2018 Leadership from technology (XLK, -0.15%) was lacking, but strength in consumer discretionary (XLY, +0.71%), materials (XLB, +0.70%), energy (XLE, +0.67%) and industrials (XLI, +0.67%) was more than enough to offset areas of weakness as all of our major... READ MORE
Note I'm still traveling so my blog article today will focus on my Monday Setups for this week. I'll return to my "normal" blog postings regarding market action, outlook, historical tendencies, etc. tomorrow. Monday, August 20th Since reporting excellent quarterly earnings results in mid-June,... READ MORE
Facebook (FB) has been an internet and stock market leader for the last five years, but I believe the run is over. Not only did FB report quarterly revenues that missed Wall Street consensus estimates for the first time in more than four years, but they also lowered future operating... READ MORE
Note I'll be traveling and on vacation this week, so my blog articles will focus on very brief topics regarding current market themes or my own trading strategies. I'll return to my "normal" blog postings regarding market action, outlook, historical tendencies, etc. when I... READ MORE
Note I'll be traveling and on vacation this week, so my blog articles will focus on very brief topics regarding current market themes or my own trading strategies. I'll return to my "normal" blog postings regarding market action, outlook, historical tendencies, etc. when I... READ MORE
Note I'll be traveling and on vacation this week, so my blog articles will focus on very brief topics regarding current market themes or my own trading strategies. I'll return to my "normal" blog postings regarding market action, outlook, historical tendencies, etc. when I... READ MORE
Note I'll be traveling and on vacation this week, so my blog articles will focus on very brief topics regarding current market themes or my own trading strategies. I'll return to my "normal" blog postings regarding market action, outlook, historical tendencies, etc. when I... READ MORE
Note I'll be traveling and on vacation this week, so my blog articles will focus on very brief topics regarding current market themes or my own trading strategies. I'll return to my "normal" blog postings regarding market action, outlook, historical tendencies, etc. when I... READ MORE
ChartCon Starts Today! If you haven't already, I'd highly recommend that you join me and many of my StockCharts.com colleagues from around the globe for ChartCon 2018. We did our rehearsals and walkthroughs yesterday and my great friend Greg Schnell kicks off the conference in... READ MORE
Market Recap for Wednesday, August 8, 2018 Wall Street ended Wednesday's action in a bifurcated state as the NASDAQ withstood a final 20 minute selloff to finish with a slight 4 point gain. The other major indices finished lower, but just fractionally so. In sector performance, slight gains... READ MORE
Market Recap for Tuesday, August 7, 2018 It was another nice rally on Wall Street, led by energy (XLE, +0.74%) and industrials (XLI, +0.71%). Since the beginning of July, we've seen renewed strength in larger cap stocks. Industials, along with financials (XLF, +0.46%) have been... READ MORE
Market Recap for Monday, August 6, 2018 The Russell 2000 and NASDAQ paced a day of strength on Wall Street as they gained 0.65% and 0.61%, respectively. The S&P 500 and Dow Jones enjoyed smaller gains as money rotated back towards more aggressive areas. The 10... READ MORE
Market Recap for Friday, August 3, 2018 The stock market has clearly turned more defensive over the past 2-3 months and Friday was another perfect example of that. The more aggressive small cap Russell 2000 was the laggard, dropping 0.52%. Meanwhile, the NASDAQ produced only a minor 0.12%... READ MORE
Buying is so easy. When you pull that trigger to buy, optimism abounds. Maybe it was a recommendation from a friend. Perhaps there was water cooler talk of the next Apple (AAPL). You might even have uncovered it from a time-tested scan. The reason doesn't really matter. The... READ MORE
Special Note I will be traveling to Seattle this weekend for ChartCon 2018. My schedule the next two weeks is likely to be quite different and sporadic, perhaps posting articles during the trading day or possibly even after the market closes. If you've grown accustomed to my articles... READ MORE
Market Recap for Wednesday, August 1, 2018 Wednesday was a day of bifurcated action with Apple (AAPL) leading technology (XLK, +0.90%) and the NASDAQ higher, while the Dow Jones, S&P 500, Russell 2000 and most sectors finished lower. It was a case of one behemoth, nearly $1... READ MORE
Market Recap for Tuesday, July 31, 2018 It was a solid day on Wall Street to close out July. The small cap Russell 2000, weak on a relative basis during July, regained its leadership role, spiking more than 1% and doubling the performance of its other major index counterparts. Industrials... READ MORE
Market Recap for Monday, July 30, 2018 Only three sectors were able to finish in positive territory on Monday as bears permeated Wall Street. Two of the three - financials (XLF, +0.07%) and healthcare (XLV, +0.06%) - barely managed to eke out gains. The only real strength was... READ MORE
Market Recap for Friday, July 27, 2018 A second wave of internet troubles came in the form of Twitter Inc (TWTR) after the recently-soaring internet giant disappointed traders with its latest quarterly results. It was an UGLY reaction by Wall Street as TWTR fell nearly 21% exactly one day after... READ MORE
Market Recap for Thursday, July 26, 2018 There was clear market bifurcation on Thursday as The Travelers Cos (TRV) and Walt Disney Co (DIS) both gained more than 2% to lead the Dow Jones Industrial Average to a 113 point gain. Five other Dow components gained more than 1%, while... READ MORE