My two favorite sentiment indicators are (1) the 5-day moving average of the equity-only put-call ratio ($CPCE) and (2) the Volatility Index. On September 6th, I wrote about the elevated CPCE likely providing a short-term market bottom, and it did; the S&P 500 jumped... READ MORE
Between 2012 and 2015, Gilead Sciences (GILD) enjoyed a nice rally. Since then, the stock has been through a rough patch. But its third-quarter 2022 earnings and revenue may be the spark the stock needed to bring it back to life. GILD beat estimates when the company reported after... READ MORE
In this week's edition of the GoNoGo Charts show, Alex takes a look at the markets from a GoNoGo perspective. Using a top-down approach, he discusses the major asset classes and what we are seeing in terms of trend. Diving into macro drivers such as rates, the... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe gives an explanation of how MACD works in multiple time frames and how this is a powerful tool to help improve timing. He shows how 2 timeframes can work together when using MACD and a simple moving... READ MORE
The Fed has never raised the target interest rate four times in a row, with a 75 basis point each time – till today. They still need to beat inflation. Today, they harmed retail stocks, hurt consumers, and decreased real estate values. Granny Retail was gaining strength and displaying demonstrated Triple... READ MORE
Last time I reviewed the stock market, many of the Indexes had just experienced a bullish outside bar (see chart for the DIA). Since several of the oscillators had reached oversold readings, the idea of a rally seemed appropriate. By the same token, its important to remember that there is... READ MORE
The Fed may have raised interest rates by 75 basis points, but what's more important is the Fed's tone. Is it still hawkish, or did it shift to a more neutral stance? A 75-basis point rate hike was already baked in, so today's... READ MORE
On this week's edition of Trading Simplified, Dave talks about how his methodology involves being patient and doing your homework, even when conditions aren't fantastic and you're waiting for setups/entries. He then shows a simple system for Crypto and other markets using live... READ MORE
Like all of you, I'm just waiting. The Fed concludes its two-day meeting this afternoon and its latest policy decision will be released at 2pm ET. It's widely expected that the Fed will raise the fed funds rate by 75 basis points. Anything other than... READ MORE
Since the market's dramatic intraday reversal at the lows of the year on Oct. 13, the equity indexes have rallied in the face of headwinds from rising interest rates, lowered earnings expectations, big high-profile earnings misses, and the uncertainty of tomorrow's Fed announcement. This may... READ MORE
It's the 150th episode of StockCharts TV's Sector Spotlight! This week, I tackle the long-term trends in asset classes and sectors, looking at the monthly Relative Rotation Graphs and the monthly price charts. Despite the recent rally in stocks and the strong recovery for most... READ MORE
Mish is at the Money Show, so I (Wade Dawson) am filling in for two days till she returns, and I already managed to miss her daily publishing deadline. Sorry folks. I am posting this late or early now, but all of you are included, and all of you have... READ MORE
Over the last 13 weeks, a notable shift from growth to value stocks has taken place. After a rotation from leading, through weakening, into lagging between April and mid-October, the tail for value stocks has re-entered the leading quadrant at a strong RRG-Heading. Generally, value stocks are... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl and Erin discuss their study of the Silver Cross Index (SCI) positive and negative crossovers and how they are helping determine not only bias, but possible entries/exits in the market as a whole. Carl covers the bullish... READ MORE
If a huge recession is looming, someone forgot to tell the apparel retail group ($DJUSRA), because their absolute and relative strength is undeniable right now. The past three months have seen many stocks within this space SOAR. Here's the visual of the DJUSRA on both an absolute and... READ MORE
After spending nearly 10 weeks below the falling trend line pattern resistance and taking support at important levels, the NIFTY has finally attempted to break above this significant resistance pattern. In the short trading week interrupted by a holiday, the markets continued inching higher while keeping their head above the... READ MORE
Most of you are probably aware by now that I'm not a fan of CNBC, or any media for that matter. It's because their goals and objectives differ from mine. I want to educate. They want clicks, viewership, and ad revenue. Whatever it takes to achieve... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the primary drivers of this week's rally, as well as which sectors have moved into an uptrend. She then shares the next area of possible upside resistance. This video was originally broadcast on October 28,... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson shares how to automate some of your portfolio tracking routines. Starting from scratch, he'll walk you through creating a sample portfolio using a ChartList, then show you how to set that portfolio up with... READ MORE
GDP data painted a somewhat roseate picture for the US economy this week. Yet inflation is still rising. The PCE price index climbed by 0.3% in a month and was up 6.2% from the prior year. Still very far from the Fed's 2% inflation target. Consumer... READ MORE
Bruce Fraser joined me on The Final Bar this week and shared a thought-provoking point & figure chart of the S&P 500 index. With the recent upswing, you can use a horizontal count to identify potential upside targets for the bear market rally. (Yes, I am still... READ MORE
DOW TESTS 200-DAY LINE... October has turned to be a strong month for the market, and industrials in particular. Chart 1 shows the Dow Industrials reaching a two month high and trying to close above its 200-day moving average. The Dow has gained more than 5% for the... READ MORE
On this week's edition of Moxie Indicator Minutes, TG discusses how nearly every big cap tech name got crushed on earnings this week which has weighed heavily on the QQQ. However, the IWM and DIA have done quite well with SPY in the middle. Will the market be... READ MORE
While current technical conditions are "iffy" at best, I want to point out that we have just entered THE most bullish historical period of the year. The S&P 500 and NASDAQ can be broken down into 3 lengthy historical periods, in my view - the good, the... READ MORE
I don't think I have offended anyone in quite a while and feel I'm not doing my job if I don't try to periodically; so here goes! Often a simple mathematical series of numbers can sometimes get misinterpreted (promoted) to be something magical. My... READ MORE
This week, it is crucial for traders to maintain the overall macro firmly in their vision. We are keeping an eye on the indices, currency movements, the PCE print, and the GDP statistics. We also closely follow the small caps this week, the Russell 2000 (IWM), and the patriarch of... READ MORE
Today, we saw a large decline in mega-cap names Microsoft (MSFT) and Alphabet (GOOGL) after both companies reported earnings and sales that were well below estimates. Citing a strong dollar and high inflation, among other factors, both companies warned of slower growth going forward amid a tough environment. Adding... READ MORE
When I am looking at a downtrend of a specific market that has been in existence for a while, I often ask myself which components might be on the verge of an upside breakout and could therefore lead it higher. Conversely, I have to ask if there are any downside... READ MORE
This week is a big week for earnings. Furthermore, PCE and GDP prints will also be closely watched. This week will be important in determining the tone leading to the Fed meeting next week and the midterm elections on November 8. As many investors will be watching tech earnings, many... READ MORE
I don't like it when parts of a puzzle don't match. You just don't get a clear picture. As participants in the markets, we are trying to solve the puzzle of the markets every day/week/month, and at the start of every new... READ MORE
I made a bold bottoming call on June 16th, just prior to a massive 700-point rally in the S&P 500. I didn't see the recent drop and double-bottom coming, however. Now that we've seen it, has anything changed? Are my signals still... READ MORE
After taking support near the key levels on the charts, the NIFTY finally resumed its up move, ending the week on a decently positive note. The last three weeks had seen the index taking support at its 20-Week MA; now, the NIFTY is above all the key moving averages.... READ MORE
When someone sends me a ticker to review, the first thing I do is bring up my standard two-year daily chart on StockCharts. And the very first question I ask myself is always the same: is this chart in an accumulation phase or a distribution phase? Now that is... READ MORE
The markets posted an impressive rally this past week as a lack of inflation-related economic data had investors focused instead on quarterly earnings reports. While not all companies posted strong results -- think Tesla (TSLA) -- a majority came in with positive earnings surprises that were greeted with heavy buying that... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson loves using StockCharts ACP overall, but to be honest, his favorite part of ACP can be found on the right side of the screen - the sidebar views! Today, he's going to show you five... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews what's driving the markets higher and what to be on the lookout for next week. She also shared Group and Sector rotation taking shape. This video was originally broadcast on October 21, 2022. Click on... READ MORE
With the market on the cusp of a rally, we thought it time to walk through our Silver Cross Index (SCI) and Golden Cross Index on the broad markets (SPX, NASDAQ and NYSE). Before we look at each chart, let's review what Golden and Silver Crosses are. Most... READ MORE
According to recent PPI and CPI prints, inflation has plateaued. Some analysts will argue that inflation has hit its zenith. However, what if one of the next catalysts to even higher inflation is spurred by the potential and recent peak in the U.S. dollar? Looking at the price chart... READ MORE
SHORT-TERM REBOUND CONTINUES... Stocks are ending the week on a positive note and continue to show signs of having formed a short-term bottom. The daily bars in Chart 1 show the S&P 500 building on the gains that started the previous week. Sbort-term momentum indicators... READ MORE
On this week's edition of Moxie Indicator Minutes, TG shares that there are indications that the market is trying to hammer out a near-term bottom in order to meet up with the Daily 50-SMA. He is unsure of how that path will unfold, other than price... READ MORE