We had two sectors trigger new Price Momentum Oscillator (PMO) BUY signals today, Technology (XLK) and Healthcare (XLV). Let's look "under the hood" to see whether these PMO BUY signals mean more upside for both sectors. On the DecisionPoint.com website, subscribers have access to our... READ MORE
The past four trading days have held roughly the same price areas within the major indices. Specifically, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) have similar tight price action. When watching for larger than average price moves, tight or consolidative price action can often lead to... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after last week's look at long-term trends on monthly charts, I focus on daily and weekly rotations as I see them in asset classes and sectors. In the asset class segment, developments in the bond markets play a... READ MORE
Monday mainly showed consolidation within the major indices. The Russell 2000 (IWM) spent most of its time within Friday's price range, along with the S&P 500 (SPY) and the Nasdaq 100 (QQQ) having inside day chart patterns. Along with the stock markets' inconclusive price action,... READ MORE
Before we look at the two-bar reversal, let's first review the long-term technical position for the Dollar Index. It's laid out on a quarterly basis in Chart 1, along with a Coppock momentum indicator. The first thing to note is that the Index is positioned below... READ MORE
I receive dozens of earnings-related questions every quarter from EarningsBeats.com members and non-members alike. They usually revolve around whether "I should hold a stock into earnings?" Let me be clear that, as a short-term trader, I'd be very careful holding any stock into earnings. There... READ MORE
After two weeks of corrective decline, the Indian equities tried to find a base for themselves, trading in a defined range and ending the week with some gains. The past five trading sessions remained as expected; the NIFTY has slipped below the 20-week MA and resisted to this level during... READ MORE
As a short-term trader, I've always studied the short-term intraday charts, looking for any possible advantage I can gain. One strategy the market makers employ during uptrends and downtrends is they show traders a morning mirage, which is then followed by afternoon reality. Not every day is alike,... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen explains whether it's safe to get into these markets and which areas are best positioned as volatility remains high. She also reviews top stock candidates, as well as stocks holding up well after earnings. This video... READ MORE
Friday ends on a positive note, with the Dow Jones (DIA) and the S&P 500 (SPY) holding over their 200-day moving averages. Alongside them, Bitcoin has cleared 40k and is currently looking for 41k next. However, High Yield Corporate Debt (JNK) gapped lower Friday, creating a key area... READ MORE
In this week's edition of Moxie Indicator Minutes, TG covers the insane market action of the last several days. We are in the midst of earnings season and the reports that came out rocked the market. How were things affected? This video was originally broadcast on February 4,... READ MORE
There are never any guarantees in the stock market. As much knowledge as I've gained over the years, and as much respect I have for my fellow technicians here at StockCharts.com, there's simply no way to ever be sure that your forecast is the right... READ MORE
The Ichimoku cloud model (often just referred to as the "cloud model") is a traditional Japanese technical indicator which actually combines three separate trend-following devices. I spent some time on Japanese trading desks earlier in my career, and was always fascinated at how much I would see candlestick... READ MORE
The 200-day SMA is quite the battle zone when it comes to the S&P 500. In fact, the index has crossed this key moving average 165 times since 2000. That's a lot of crosses, and a lot of needless whipsaws. Chartists can reduce whipsaws and improve... READ MORE
Call it a reprieve. Amazon.com (AMZN) reported excellent results last night, at least much better than what was expected. Revenues came in a bit light, according to Zacks.com, at $137.41 billion. Estimates were pegged at $137.88 billion. But bottom line EPS soared to $27.75 (actual)... READ MORE
On this week's edition of Chartwise Women, Mary Ellen and Erin share why Warren Buffet's portfolio is perfect for these turbulent times. They highlight how the Berkshire Hathaway holdings are faring in these current markets, looking at AAPL, VZ and more. This video was originally broadcast... READ MORE
In this week's edition of the GoNoGo Charts show, with US Equity Indices at critical inflection points, Alex and Tyler review the possible scenarios through GoNoGo Charts: is this a bear market counter-trend rally or the bottoming before we resume the bull market trend? GoNoGo Charts do not... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe discusses some of the similarities between golf and trading, explaining how we can improve our trading techniques by learning from common pitfalls in golf. Ideas like Put it in the Fairway, One Shot at a Time, Evaluate... READ MORE
SHORT-TERM BOUNCE RUNS INTO RESISTANCE... My last message showed the three major stock indexes in an oversold condition and trying to bounce from underlying chart support. So the recent stock rebound wasn't a surprise. Neither was the size of the rebound. The combination of overhead resistance and today&... READ MORE
Big drops call for big recoveries, but it's dangerous to watch these moves in isolation. The S&P 500 dropped roughly 60 points from its peak at 480 at the start of the year to find a low recently around 420. Out of that low, the market... READ MORE
I was bearish heading into 2022 - before the selling began - and I haven't changed my mind one bit, despite the recent rally. Counter trend rallies are normal and, quite honestly, I think the current one may have just run its course. First, the rally has reached... READ MORE
On Tuesday, the transportation sector (IYT) gapped higher on earnings from one of its top holdings, United Parcel Service (UPS). Beating earnings per share estimates by 6.5%, UPS was able to bring IYT back over both its 200-day moving average and 50-DMA. IYT has now confirmed a bullish phase... READ MORE
Usually, when we are identifying one or two bar price patterns or candlesticks, it's because they appear close to a turning point, thereby giving us a trading edge. From a practical point of view, it makes sense to observe daily or intraday price action. That's because... READ MORE
On this week's edition of Trading Simplified, Dave starts off with methodology and mystery charts. Next, he discusses the state of the market-downtrend and sell signals. Finally, he continues his discussion on 2022 trading resolutions. This video was originally broadcast on February 2, 2022. Click anywhere on the... READ MORE
The stock market has rallied right into resistance, along with Bitcoin teetering at its 39k price level. However, the market is holding its current trading area and, though we are at a pivotal point, Wednesday could have another push higher if key levels are cleared. With that said, which price... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after a volatile week in the markets and the completion of the monthly charts for January on Monday (1/31), now is a perfect moment to take a good look at the developments on these long-term charts. In the Asset... READ MORE
It's the end of the month, so the monthly charts have gone FINAL! On this episode of DecisionPoint, Erin reviews the major market index monthly charts, as well monthly charts for Dollar, Gold, Crude Oil and Bonds (TLT). Sectors are showing new strength, but where should we be... READ MORE
Here is another article I wrote a few years ago that I think needs to be repeated. Enjoy! Many investment "truths" seem to go unchallenged but are in fact, very clearly just myths. Buy and hold investing is a good long-term strategy, economists are good at predicting the... READ MORE
Earlier this month, The Money Show asked me to join other stock market experts and submit my top stock idea for this year. While the markets were in a sunnier position at that time, I'm sharing my response below, as I still believe this stock is headed much... READ MORE
I recently posted a video on four potential paths for the S&P 500, from the very bullish (S&P gets over 4800 in the next six weeks) to the very bearish (S&P breaks below 4000).Today, I wanted to dig a little deeper into using... READ MORE
Watchers of my show Sector Spotlight will know that I have been watching the development of commodities as an asset class that's going through a long turnaround. Recent developments continue to reinforce that view. The Relative Rotation Graph shows the rotation for a universe of asset class ETFs... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews key earnings reports and how they're driving price action. She also shares a view of promising moves in Tech and one area you should stay away from. This video was originally recorded on January 28,... READ MORE
The past week has been very challenging, as the market can't seem to pick a direction. Though short-term momentum has more overhead pressure, even the bears have had difficulty shorting the choppy price action. In times like this, it can be helpful to take a step back, watch... READ MORE
Profits are the product of practicing a persistent pilgrimage towards perfecting your sell disciplines. To paraphrase a sports cliche, without an exceptional defense you won't win championships. Michael Jordan has unequivocally stated that without the defensive wizardry of Dennis Rodman, the Chicago Bulls would not have been world... READ MORE
In this week's edition of Moxie Indicator Minutes, TG covers recent market action and outlines the destruction we've seen. He then talks about where he sees the market going, as well as how he is finding setups in these choppy times This video was originally broadcast... READ MORE
When looking at Relative Rotation Graphs showing large-cap sectors and small-cap sectors, we usually see rotations for the various sectors that are more or less in line with each other. That's not surprising, as the small companies are active in the same sector as their large counterparts. Sometimes,... READ MORE
In a bear market, you need to understand that overcoming emotions is critical to successful investing. For this week's edition of Chartwise Women, Mary Ellen and Erin walk you through the "rules" for investing during bearish times. This video was originally broadcast on January 27, 2022.... READ MORE
In this week's edition of the GoNoGo Charts show, the volatility continues as the U.S. domestic markets experience massive intraday swings. Alex and Tyler look at how expectations of 4 rate hikes in 2022 weigh on investors' decision-making by examining charts of the S&P,... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe discusses a number of ways that Moving Averages can aid in determining support/resistance, trend, overbought/oversold and longevity of the trend. He then analyzes the stock requests that came through, including MSFT, NVDA and more. This... READ MORE
OVERSOLD MARKET ATTEMPTS TO STABILIZE... After an incredibly volatile week of trading, stocks are in a short-term oversold condition and attempting to stabilize near chart support. Chart 1 shows the Dow Industrials stabilizing near a flat support line drawn under their June low. At the same time, the 14-day RSI... READ MORE