Sometimes an industry group looks good technically, sometimes fundamentally, and then other times seasonally. But what happens when they all line up simultaneously? Well, we're about to find out with the travel & tourism group ($DJUSTT). On Friday, Expedia (EXPE, +17.27%) soared after reporting blowout quarterly results... READ MORE
Secondary market signals are beginning to line up for a further drop, which can sometimes provide false signals. The primary indicator for me is always the combination of price/volume. When I only look at price/volume on the S&P 500, it still remains easy to be long... READ MORE
"When do I sell?" is easily the most-asked question I've received over the years. There are multiple answers to this question based on certain variables. The first key variable is whether you're a day trader, short-term swing trader, or long-term buy and holder. I... READ MORE
Listen, I'm generally a fairly optimistic guy. I tend to see the good in the stock market, while many others continuously focus on potential selloffs ahead. I remain mostly bullish for good reason as the S&P 500 has risen 75% of all years since 1950. It... READ MORE
Remember that old commercial, "It's not nice to fool Mother Nature?" Well, there should be another one pertaining to the stock market, "Don't bet against a secular bull market advance!" We're all trained, or brainwashed, if you will, to believe... READ MORE
Our strategy at EarningsBeats.com just simply makes good common sense. If you want to find the best earnings reports BEFORE they're reported, follow relative strength. I've explained this many times, but let me do it again. Wall Street firms talk to management of companies throughout... READ MORE
When I look back at leading industry groups for the past day, week, month, 3-month, 6-month, and 1-year periods, only one industry group has been among the Top 20 industry groups for each of those 6 different periods. It's a group that I liked heading into 2024 and... READ MORE
To understand what makes the Dow Jones tick, you have to first understand one of the key differences between the Dow Jones and the S&P 500 indices. There are a few, but none more critical than the following: Index Weighting The S&P 500 is market-cap weighted,... READ MORE
Obviously, there will be many ups and downs in 2025 and no one chart or indicator can be relied upon 100% to help guide us throughout the year. But some key and very influential areas of the market do meet crossroads from time to time and it seems like one... READ MORE
A little less than a week ago, I wrote an article about inflation and how it's nothing more than a pipe dream in Fed Chief Jay Powell's head. Let me expand on that article, maybe from a slightly different approach this time. The inflation rhetoric just... READ MORE
Generally, there are 3 key hedges against inflation - gold ($GOLD), commodities ($XRB), and real estate (XLRE). While the Fed has taken a renewed interest in the short-term rising inflationary picture, which, by the way, is in direct contrast to what Fed Chief Powell said in late August and September,... READ MORE
I had no idea the Fed could be such expert wafflers. But, as each month passes, it's becoming clearer. The overall stock market trend, despite all the back-and-forth, yo-yo Fed decisions over the past 6 months, remains to the upside. Need proof? Check out this weekly S&... READ MORE
There are a number of ways that you can find great trading opportunities. One way is to simply follow a chart on a WatchList and wait for certain indicators to reach "buy" points. For instance, an uptrending stock many times will find support as its 20-day EMA is... READ MORE
Could we see a short-term shift towards defensive sectors? Real estate? Utilities? I haven't uttered these words in awhile. And why should I as our major indices have forged into new all-time record high territory? Well, I'm only talking about very near-term, maybe the next 1-3... READ MORE
If you want big returns, I'm convinced you'll find them in small caps. When I make bold predictions, and many of you know that I do fairly often, it's usually supported by long-term perspective. Most everyone has a negative bias towards small caps right... READ MORE
No matter how you slice it, small and mid caps have been absolutely crushed on a relative basis since 2021. The unfortunate part about this is that most traders have recency bias. They believe whatever has been working will continue to work and things that haven't been working... READ MORE
As the secular bull market takes a short-term pause, now is the time to research tremendous opportunities that lie ahead. I've looked at more than a thousand charts and wanted to point out 3 in particular that I see heading much, much higher as we close out 2024... READ MORE
Now that Q4 historical bullishness has kicked in, it's time to allow the bears to go into hibernation, while the bulls search for key leadership to drive prices higher. Before I highlight a key industry group that just moved into all-time high territory, it's important to... READ MORE
Enjoying these HUGE rallies is much easier when you have confidence the stock market is in a secular bull market and heading higher. It also helps when you enter a period of historical strength - the absolute best strength that we see anytime throughout the calendar year. This combination can... READ MORE
The "Magnificent 7", comprised of Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Meta Platforms (META), Amazon.com (AMZN), Alphabet (GOOGL), and Tesla (TSLA) have carried the S&P 500 during this secular bull market - since its breakout in April 2013 above its 2000 and 2007 highs. Here&... READ MORE
This morning, September nonfarm payrolls soared past expectations, 254,000 vs. 132,500. Adding to the bullishness was the upward revision to August nonfarm payrolls as the prior reading of 142,000 was boosted to 159,000. This is solid news, especially in an environment where the Fed is committed... READ MORE
China's Shanghai Composite Index ($SSEC) surged higher last week by roughly 13%, which was one of its largest 1-week gains over the past decade. There were solid economic reasons for the surge as China's central bank approved measures to accelerate recent sluggish growth. The People'... READ MORE
That's a great question right now as many folks still remain quite nervous. The Volatility Index ($VIX), for example, gained more than 10% today, despite a minimal decline in the S&P 500. It's a signal that the stock market likely won't handle... READ MORE
That's a great question, because we saw some very nice gains and we're now approaching all-time highs, especially on the Dow Jones ($INDU) and S&P 500 ($SPX). The more growth-oriented NASDAQ 100 ($NDX) has much more work to do. How much more strength is... READ MORE
Much like the southeastern portion of the U.S. frets over the potential of devastating hurricanes, stock traders and investors brace for their own financial hurricane this time of year. Last week, we saw the NASDAQ 100 ($NDX) tumble, dropping nearly 6% during a holiday-shortened trading week. This isn'... READ MORE
We had a sneak preview of emerging leadership on the morning of July 12th. That was the morning the June Core CPI came in well below expectations. The immediate rotation into several areas was quite evident and you can see it right here on this RRG Chart: Financials (XLF), industrials... READ MORE
It's been nearly two years since Jackson Hole Jay saw his shadow and we all endured 6 more weeks of harsh market weather. If you need a reminder, August 26, 2022 was the day Fed Chief "Jay" Powell climbed out of his Jackson "Hole"... READ MORE
As a long-term stock trader, one development in the stock market takes me and many others to our collective knees. It's a Volatility Index ($VIX) that rises past 20. There has never been a bear market that's unfolded with a VIX that remains below 20. FEAR,... READ MORE
This Fed has got to go. It's time. You've overstayed your welcome, Fed Chief Powell. I literally was just shaking my head after reading the changes to the Fed's policy statement. The changes were in the first two paragraphs, so let me jump right... READ MORE
This will be one of the most interesting quarters in recent memory. The Fed has got to choose its poison. Do they stand pat once again next week, leaving rates "higher for longer" and awaiting more data? Or do they finally take the step that just about everyone... READ MORE
Tops and bottoms are so much fun to predict, but key signals are not always accurate. That's where a healthy dose of skepticism comes in. At EarningsBeats.com, we try to put as many signals together as possible, looking for corroboration. That helps to build confidence in the... READ MORE
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