The S&P 500 (SPY) and the Nasdaq 100 (QQQ) continue to trek upwards, along with the Dow Jones (DIA). While the DIA and QQQ still need to clear their 200-DMA, the 4th major index is flashing a warning sign. When watching the major index, it is always important... READ MORE
The stock market never works the way we think it should. When the news stories are bleak, we tend to think the stock market must react negatively. But that's not the way things work. Most times, the stock market bottoms LONG BEFORE we see any positive developments in... READ MORE
Several trading themes emerged over the past month and these themes could have legs. Russia invaded Ukraine a month ago and the broader market is significantly higher since the invasion. The Russell 2000 ETF is up 6.81%, the S&P 500 SPDR is 7.29% higher and the... READ MORE
STOCKS ADVANCE FOR A SECOND WEEK...Major U.S. stock indexes gained ground for the second week in a row building the case for a short-term bottom having been formed. And one of them has cleared an important resistance line. Chart 1 shows the S&P 500 moving back... READ MORE
In the previous weekly note, it was mentioned that it was just the short covering that had fueled the rally over the past two weeks. The NIFTY had piled up over 1100 points in the two weeks before this one; there were clear signs of some impending consolidation at that... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews where the strength in the markets is and ways that you can capitalize on it. She also shares stocks and ETFs that are breaking out of bases, as well as turnarounds that are taking place. This video... READ MORE
Over the past 2 weeks, the S&P 500 has managed to reverse a good part of this year's losses with a rally that's put the markets back into an uptrend that began on March 16th. Subscribers to my MEM Edge Report were immediately alerted... READ MORE
In October 2021, we made the case for a new secular commodity bull marketand concluded that this environment would likely spill back into the economy and stock market. That process is already underway, as the NASDAQ Composite was recently down 20% from its high, compared to a drop of 12%... READ MORE
In hosting The Final Bar on StockCharts TV, I get the opportunity to ask successful traders and market practitioners which charts are top of mind in their process at any given time.I've found this to be a fantastic way to track market sentiment from some of the... READ MORE
The interest in Bitcoin or, more generally, cryptocurrencies comes and goes, and the moves are highly volatile from time to time. Nevertheless, this investment space is becoming more and more mainstream and, no matter what your personal opinion is, it is more and more a force to be reckoned with.... READ MORE
Although we've had a choppy week in the market, key areas held in the major indices, showing upside potential for Monday. Currently, the main support levels are near the 50-day moving average (blue line) in the Dow Jones (DIA), Russell 2000 (IWM), Nasdaq 100 (QQQ) and the S&... READ MORE
Recently, academic researchers have proven and quantified the impact of fake news and how it sways stock prices to the tune of approximately 7% with small-caps, 5% with mid-caps and somewhat less with large-caps. Disinformation and propaganda is all around us. As investors, we must be attuned to how these... READ MORE
In this week's edition of Moxie Indicator Minutes, TG lays out examples of how the market may move after the pullback he is expecting. Then, he will explain what an up trend might look like, even though it may be into resistance vs. a pullback that finds no... READ MORE
Rallies and selloffs can be so crazy during volatile periods, and 2022 definitely qualifies as volatile. The Volatility Index ($VIX) has now been elevated and above 20 every single day since January 18th. That's roughly 9 weeks. It comes after a year in which the VIX has bottomed... READ MORE
Join Mary Ellen and Erin as they wrap up Women's History Month with an all-women discussion panel featuring Linda Raschke (LBRGroup, LLC) and Danielle Shay (Simpler Trading). For this final episode of Chartwise Women, these top female analysts will discuss their own histories with market analysis, including how... READ MORE
The market rally over the last 10 days has been impressive. A huge relief to investor portfolios beaten down in 2022 YTD. In this week's edition of the GoNoGo Charts show, the question Alex and Tyler seek to answer is whether or not the safe haven trading was... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe uses his 30 years of experience to show how to use technicals to improve your timing on a stock you like fundamentally. He gives a strategy for how to buy good weakness. He also shows what to... READ MORE
Though it's easy to forget about meme stocks, as they've been out of focus for a while, the big two have made a comeback over their 50-day moving average. GameStop (GME) and AMC Theatres (AMC), as seen in the above chart, cleared their 50-DMA on Tuesday... READ MORE
At DecisionPoint.com we have been operating on the assumption that we are in a bear market. We won't know for sure until the market declines 20% or more, but that seems a bit late to begin responding to what appears to be bear market action. The market... READ MORE
On this week's edition of Trading Simplified, Dave presents his Mystery Charts with a new chart and a reveal. Alongside this discussion is his explanation of "Methodology In Action." He then covers the topic of Profit-Centers and, finally, "Crypto Corner!" Are cryptos rising from... READ MORE
We've seen a tremendous rally over the past week or so across most U.S. equities, but the FAANG stocks tend to garner the most attention. These large cap growth names help to carry our major indices either higher or lower, because of their huge market caps. They... READ MORE
We have and continue to use Mish's Economic Modern Family to successfully navigate through the pandemic and now, in 2022, we use its insights to guide us through a year that has three main overhead pressures: geopolitical stress from the current Russian/Ukraine war, inflation and, finally, rising... READ MORE
Changing relationships between differing asset classes and markets do not speak that often. When they do, strong evidence that important changes may be afoot is often provided. One of the characteristics that has caught my attention since the beginning of the year is that, on one side, stocks been reacting... READ MORE
On this episode of DecisionPoint, Carl opens the show with a look at the Chevron (CVX) chart he discussed last week. He realized an error in his analysis and decided to give us some instruction on how to use unadjusted data on StockCharts.com. He talks about the implications of... READ MORE
As Forrest typically writes the Daily commentary, and quite well I might add, today please consider me a guest host to my own blog. As such, I want to wrote about a setup that is not quite ready, but one that should be kept on your radar. The Euro is... READ MORE
In the week before this one, looking at the quantum of the fresh short positions in the system, a strong possibility of the short-covering led rally was expected. The previous week saw a strong rally, obviously fueled by short-covering, which led to weekly gains of 385.10 points after a... READ MORE
There are a number of companies that track performance for various asset classes, including the performance of investors. Table A, from J.P. Morgan, shows the Average Investor's 20-year annualized returns of only 2.3%. I have reproduced the small print below the table because it explains the... READ MORE
STOCKS HAVE VERY STRONG WEEK... Major U.S. stock indexes registered their strongest week since November 2020. And they also broke through some initial resistance levels. The week's strong action signals that stocks have put in a short-term bottom and may continue to gain some ground. Their longer-range... READ MORE
The Health Care sector (XLV) broke out from a strong resistance zone today. Better yet, we saw an IT Trend Model "Silver Cross" BUY signal as the 20-day EMA crossed above the 50-day EMA. There is a lot going for this sector right now; the RSI is positive... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the downtrend reversal in the markets and highlights which areas are best positioned to trade higher. She also reviews the top way to hedge against rising inflation. This video was originally recorded on March 18, 2022. Click... READ MORE
After the quarter-percent rate increase, the market continues to rally off recent lows. Now, all the major indices besides the Nasdaq 100 (QQQ) have cleared resistance from their 50-day moving average as seen in the above chart. So far, the Russell 2000 (IWM) is leading the way with a second... READ MORE
Back on December 31, 2021, our Chief Market Strategist Tom Bowley penned a ChartWatchers article titled "It Could be a Very Rough Start to 2022". Boy, was he right! In fact, look at the two charts below, showing the performance of both the S&P and NASDAQ... READ MORE
As the week ends, let's look at some of the thematic charts from a GoNoGo perspective. Below is the GoNoGo Chart of $SPY. We have seen a strong rally that started on Wednesday as prices have climbed higher. We were watching the zero line on the oscillator closely... READ MORE
The S&P 500 SPDR (SPY) surged 5.77% from Tuesday to Thursday and this was the biggest 3-day surge since the 6.07% advance on November 5th, 2020. This early November surge led to a breakout and the advance extended until January 2022. The current surge also shows... READ MORE
On this week's edition of Chartwise Women, Erin and Mary Ellen continue Women's History Month with a discussion of the importance of knowing your history! Historical precedence, your own investing history, knowing the history of the markets as a whole -- all of it will help... READ MORE
It is no mystery that US equity indices are chopping around volatile swings each and every day. The trend conditions remain "NoGo" as markets deliver continued lower highs and lower lows. The weight of the evidence remains to the downside on daily and weekly timeframes. However, Wednesday delivered... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe explains the difference between "Good" weakness and "Bad" weakness. This is a key for traders interested in buying pullbacks. He discusses what he uses to determine the tradeable trend and how to distinguish... READ MORE
On Wednesday, the market rallied into the Fed's rate announcement, showing speculator's optimism given the current downward trend. It also helped that, on Monday, the Nasdaq 100 (QQQ) held key support at $318, sparking a rally on Tuesday. Now, with a rate increase of 0.25%... READ MORE
On this week's edition of Trading Simplified, Dave continues his discussion about not only surviving, but prospering during a bear market. Paying attention to the signs and signals, as well as understanding the trends, will help you stay ahead of the curve. He then discusses his mystery charts... READ MORE
The materials sector has recently started to pick up relative strength again following a loss of relative momentum while inside the leading quadrant. The RRG above, with the XLB tail highlighted, is a nice example of how RRG-Velocity, which measures the week-to-week distances on the tail, started to shrink before... READ MORE