There was no doubt that new leadership emerged last week. Here were 3 areas that surged higher, either moving to fresh 52-week highs or breaking significant downtrends: Small Caps The small cap Russell 2000 (IWM) has been trying to clear the 210-211 area for the past two years. After doing... READ MORE
It was a very interesting week indeed. All-time high records continued to fall on a daily basis, but the complexion of the market most definitely changed during the latter part of the week. First, I want to pull up an hourly RRG chart to track 10 key growth stocks, most... READ MORE
We're approaching Q2 earnings season, so I'm getting ready for all the short-term trading opportunities that await. But, in the meantime, there are plenty of other earnings opportunities right now - pre-earnings advances. Several of the large cap names (think Mag 7) are already starting powerful... READ MORE
The recovery in semiconductor shares ($DJUSSC) last week, in my opinion, was quite weak. Much of the strength occurred by 10am ET, and the balance of the days really didn't see much progress back to the upside. Accordingly, I'd call the rebound more market maker manipulation... READ MORE
One hallmark of secular bull markets is rotation. When leading stocks, sectors, and industry groups falter, there needs to be others that grab the baton and help to keep the bull market intact. Semiconductors ($DJUSSC) have been the clear leader in the stock market for years, but especially since the... READ MORE
Extremely heavy volume that accompanies a gap higher and a reversing candle after a lengthy uptrend is typically a sign of buyers' exhaustion and a much more aggressive group of sellers. The longer and more impressive the rally leading up to the reversal, the more likely the top may... READ MORE
I'm not trying to be overly dramatic, because most of you know how I feel about the stock market's long-term direction. We're going higher. Fight that at your own risk. However, short-term, we have a major storm brewing. To fully understand the possible effects... READ MORE
I'm all for a big rally with a hammer printing on the long-term weekly chart, especially at 20-week EMA support. That's exactly what happened on Friday on the Dow Jones Industrial Average ($INDU). This index of conglomerates had been underperforming other areas of the stock market... READ MORE
Let's jump right in. For me, everything starts at the TOP. I take a top-down approach to trading. And when I say "the TOP", I mean market direction. Step 1: Is it a Bull or Bear Market? Listen, this is a very easy step to me.... READ MORE
Last week's rally to record highs was due, at least in part, to a rather tame CPI report released on Wednesday. Inflation has been at the heart of nearly every rally and every decline over the past few years. Clearly, we saw inflation soaring throughout 2021 and 2022,... READ MORE
Sample Report A few days ago, I provided a sample of our Weekly Market Report (WMR), which is sent to our EarningsBeats.com members on Mondays. Below is a sample of our Daily Market Report (DMR), sent out to members on Tuesdays through Thursdays. A very brief market update is... READ MORE
EB Weekly Market Recap Video If you haven't seen our latest weekend recording, it's now available HERE at YouTube.com. Sample - EB Weekly Market Report This is a sample of our Weekly Market Report that is sent to EB members every Monday. We also provide... READ MORE
We've all heard that popular Wall Street adage, "Go away in May", right? It's cute and it rhymes, so why wouldn't we make the HUGE decision to liquidate all of our stock holdings? <sarcasm> Did I mention it rhymes? One... READ MORE
The Volatility Index ($VIX) is one of my key sentiment indicators and it has a history of accurately predicting corrections and bear markets. We've had neither without the VIX first clearing an important hurdle in the 17-20 range. Bear markets require a huge dose of fear and panic... READ MORE
I've said for awhile that we could use some short-term selling to unwind overbought conditions and even negative divergences in some cases. I was looking for perhaps 4-5%, but it's really difficult to predict the kind and depth of selling that we'll see when... READ MORE
My preference is to trade strong stocks that are simply consolidating and ridding themselves of weak hands, hopefully just in time to ride the next wave higher. Software ($DJUSSW) has been consolidating for the past couple months and appears poised to rebound from its latest 50-day SMA test: Software is... READ MORE
Let's start off by reviewing a quarterly chart of the S&P 500 ($SPX), NASDAQ 100 ($NDX), and Russell 2000 (IWM) since this secular bull market began in early-April 2013 (44 quarters ago): S&P 500: NASDAQ 100: Russell 2000: When you look at these 3... READ MORE
I've always liked to look at certain points during a bull market or bear market where the character of the market could change based on key fundamental news. We were at one of those points on Wednesday as 2 o'clock approached. The Fed was about to... READ MORE
U2 is one of my favorite bands and I can't help but think of their song, "With or Without You", when I look at an S&P 500 chart. This secular bull market is waiting for no one. You're either in it or... READ MORE
Happy St. Patrick's Day! Last week was interesting for sure. Both February Core CPI (consumer price index) and February Core PPI (producer price index) came in above expectations. The headline PPI number doubled expectations. Despite that, the S&P 500 managed to close at an all-time high... READ MORE
We have seen just about everything we've needed to see to confirm this powerful secular bull market advance since the beginning of 2023. There was really only one thing missing and it's not missing any longer. I'll get to that in a minute. But... READ MORE
Make absolutely no mistake about it, Friday was the most bearish day of 2024. There was a bearish engulfing candle on MASSIVE volume in the semiconductors area ($DJUSSC), and this group has been BY FAR the biggest single reason why our major indices have advanced as much as they have.... READ MORE
Be honest. How many of you thought that Apple (AAPL), Alphabet (GOOGL), and Tesla (TSLA) could struggle collectively, while the S&P 500 continued to set record high after record high? I'm not surprised at all, because secular bull market advances are stubborn and money rotates when... READ MORE
Listen, we all know what the NASDAQ, Magnificent 7, and technology have done and are doing. There's no need to beat a dead horse. For those who somehow view the incredible rallies in these 3 to be bearish, so be it. How's that perma-bear approach working... READ MORE
This secular bull market advance is running over everyone attempting to get in its way. It's why I always say never to bet against one. Trying to short this type of bull market is the equivalent of financial suicide. I usually have music playing in the background while... READ MORE
We're one day away from "DRAFT Day"! Every quarter, we select the 10 equal-weighted stocks that will comprise our 3 portfolios - Model, Aggressive, and Income. My background is in public accounting as I audited companies in the Washington, DC - Baltimore, MD metropolitan area for... READ MORE
While many analysts follow sentiment signals that involve feelings about market direction, I prefer one that follows the MONEY. I want to know what retail traders are doing with their money with respect to options. Extreme readings provide eerily accurate reversals in trend, which are obviously very important to any... READ MORE
The masses have been confounded by the strength of this current secular bull market. Too many keep betting against it and they've cost themselves a huge opportunity for profit as prices have soared. I've pointed out on many occasions that the biggest stock market gains have... READ MORE
Earnings and interest rates are always the key drivers to stock market success. There may be other short-term factors that influence price action, but, at the end of the day, rising earnings and interest rates conducive to job and economic growth is what results in secular bull markets. Organize Your... READ MORE
Nearly two weeks ago, I was discussing in our FREE EB Digest newsletter why I felt Alphabet (GOOGL) was poised for a decline after earnings. It was continuing to push higher, which, on the surface, was a fairly bullish signal. However, if you looked at how strong internet stocks ($DJUSNS)... READ MORE
I've been bullish for nearly two years now. Bullish rotation and Wall Street manipulation started the latest leg of this SECULAR bull market back in June 2022. If you follow my research and work, then I'm sure you remember these two headlines on YouTube: You can... READ MORE
I know all the talk continues to surround technology stocks (XLK), particularly semiconductors ($DJUSSC) and software ($DJUSSW). And why wouldn't it? These groups have been absolutely on fire since the end of the 2022 cyclical bear market. Rates remain low and many of these companies are seeing double... READ MORE
Every one of us faces this question as we look to the stock market for a better financial future. Let me first start this article with the understanding that the stock market isn't your only choice in terms of investing in your future (or your child's... READ MORE
No one loves a good bull market more than me. History tells us that we want remain mostly on the side of the bulls. Perma-bears have an awful long-term track record. They've called 30 of the last 3 secular bear markets. Honestly, those who cannot ever see anything... READ MORE
Important days for stocks usually are associated with big volume, major support/resistance, and a test of leadership. As I look at Upwork, Inc. (UPWK), it's check, check, and check. Before I look at UPWK individually, let me show you what we typically see with internet stocks (which... READ MORE
I'm sure most of you, by now, know that I'm a student of history. 2023 played out beautifully and mostly according to its historical road map. Here are a couple things in 2023, with respect to the S&P 500, that could have been predicted... READ MORE
Happy New Year! Throughout 2024, I'll be commenting on various sectors, industry groups, and individual stocks that flash breakouts and relative strength, but what about stocks that are just beginning to strengthen? There are many individual stocks that set 52-week and all-time highs as we ended 2023, but... READ MORE
I'm going to start this article a bit different than all the others I've written here at StockCharts.com and talk off topic for a paragraph or two. I grew up in Maryland, quite close to Washington, DC, and was an avid Washington Redskins and Baltimore... READ MORE
I think just about everyone is on "4600 watch" on the S&P 500 and I can't blame them. It's a big level. That was our high in July and now the subsequent recovery has returned the S&P 500 to the... READ MORE
Well, we're into the final month of 2023. Are we having fun yet? I'd argue that the bulls are having a blast, with many stocks surging year-to-date. I love all the attention that the "Magnificent 7" are attracting. Stock market skeptics are ALWAYS looking... READ MORE