The week between Christmas and New Year's is a special week for me. I actually call it "Power Week", and it is basically a week-long process of taking a step back from the "flickering ticks" of day-to-day life to focus on the long-term. Part... READ MORE
Here we are, on the last day of the year, writing my last ChartWatchers newsletter contribution for 2021. By the time you are reading this, it will be 2022. So let me kick off by... wishing you a very happy and above all healthy new year!! Given the situation the... READ MORE
In this week's special edition of Stock Talk with Joe Rabil, Joe discusses MACD and ADX in detail, defining how they are calculated and why there may be some lag in them when volatility increases. He spends time showing the specifics in the DI line calculation and how... READ MORE
Over the past several weeks, the materials sector has continued to improve very gradually and is now on the verge of crossing over into the leading quadrant. The bottoming process of relative strength against SPY is still ongoing and has been picked up by the RRG-Lines, which are both rising.... READ MORE
Over the past five days, the Indian equity markets struggled to maintain their closing levels from the previous week. The beginning of the week was on a steeply negative note; the following four trading days after that were spent recouping from those lower levels. This ensured that, despite decent pullbacks,... READ MORE
Last week, I pointed out three charts that had triggered bullish signals and suggested that these characteristics were strong enough to power the market higher. Prices immediately sold off, but have subsequently rebounded. Since those charts are still positive, I am sticking to the higher market over the next 2-4... READ MORE
When the S&P hit a record high on November 22, then proceeded to fall over 5% in just over a week, a lot of pundits declared the market was dead. The S&P had simply risen too much for the year and fallen below key technical levels,... READ MORE
It might take more than Old Saint Nick to sustain this current stock market rally. I'm not a believer this year. It reminds me of that catchy holiday tune: "StockCharts is making a chart and I've checked it twice, gonna find out that Wall Street&... READ MORE
The Networking ETF (IGN) is leading the market with a solid uptrend and a new high this week. Diving into the group, I found a stock that recently broke out and formed a short-term bullish continuation pattern. The stock is also in an uptrend and I expect a breakout to... READ MORE
Try to summarize 2021 in one word. "Rotational." "Uncertain." "Volatile." Perhaps all of the above? This year has been all about leadership rotation, with growth names, value stocks and even defensive sectors all spending some time as the strongest performers in a given month.... READ MORE
With the holiday weekend upon us, let's take a quick review of Mish's Economic Modern Family for new trends and ideas as we head into the new year. The Family consists of 7 symbols that show a complete view of the overall market. To start with,... READ MORE
This week in the subscriber-only DecisionPoint Diamond Mine trading room Thursday morning, I found two industry groups to watch. Interestingly, one of those groups I had brought to the table last Friday for my DP Diamonds subscribers and, on Monday, I brought it to the attention of the DP Alert... READ MORE
STOCK INDEXES GAIN GROUND... Stocks are ending the trading week on a strong note as shown in the three charts below. The most notable one belongs to the S&P 500 in Chart 2 which is nearing a test of its old high. Ten of eleven stock sectors are... READ MORE
High-yield corporate bonds ETF (JNK) cleared its 50-day moving average at $108.24, but sits in a pivotal resistance zone. Along with JNK, the major indices are sitting near overhead resistance from recent highs or, in the case of the Russell 2000 (IWM), the middle of the trading range. At... READ MORE
Last week, I pointed out three charts that had triggered bullish signals and suggested that these characteristics were strong enough to power the market higher. Prices immediately sold off, but have subsequently rebounded. Since those charts are still positive, I am sticking to the higher market over the next 2-4... READ MORE
My longer-term outlook for the general market is still based on a continuing uptrend. However, over the last few weeks, defensive sectors picked up on the Relative Rotation Graph against the S&P 500. Of these three sectors, Healthcare (XLV) is the biggest in terms of market capitalization at... READ MORE
As the year nears its end, we have a lot of ideas to keep watch of. Tuesday's price action could be the late Santa rally people were hoping for. Though it's better late than never, we should watch for the major indices to hold up through... READ MORE
It's been quite a volatile ride today, but one pharmaceutical stock has made 5 years' worth of returns in a couple hours. It's what happens when there's a huge imbalance in demand vs. supply on a stock and it breaks out to new... READ MORE
On this special episode of DecisionPoint, Erin explains how you can determine the "bias" of an index, as well as a stock or ETF. Using moving averages, participation and the Golden/Silver Cross Index for sectors and the broad market, you can determine whether the market, a sector... READ MORE
Currently, the major indices are trading near the lows of December or, in the case of IWM, near the bottom of its trading range, around $208. With 2021 wrapping up, there is still a lot of uncertainty in the market. The past month has been tough from a trading standpoint,... READ MORE
In predominantly weak trading days over the entire past week, the Indian equity markets not only violated a few important levels, but also grossly underperformed the global markets. All of the last five trading days remained weak as the NIFTY failed to move past the 17500 level. After a failed... READ MORE
Last week, the Federal Reserve announced plans to shift to a tighter monetary policy to allow for interest rate hikes sooner than expected. The move is in an effort to keep inflation from spiraling out of control and was in response to reports of a surge in inflation. November'... READ MORE
Something changed on November 5, 2021. The S&P 500 had successfully broken up through the previous resistance level around 4550; early November saw the benchmark continue higher to finally reach 2700 on November 5th. Until that first Friday in November, the S&P 500 appeared to be... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews where the relative strength is in the markets and shares individual stocks that are expected to remain strong into next year. This video was originally recorded on December 17, 2021. Click on the above image to watch... READ MORE
One of the predefined universes/groups on the RRG page is for Growth/Value. Many investors look at this relationship to help them determine whether the market is in a risk-on or risk-off mode. Just pull down the "Groups" selection box and look for Growth / Value. When browsing... READ MORE
While the Nasdaq 100 (QQQ) is down 0.3% on Friday's close, Cathy Woods Ark Innovation ETF (ARKK) closed over 6% on the day. Additionally, ARKK made a strong close over yesterday's high, showing added strength when compared to the major indices. With that said, this... READ MORE
In this week's edition of Moxie Indicator Minutes, TG explains how sometimes a move to the upside is really just a bounce into resistance. He will walk you through how to spot this and show how to not get caught in failing stocks and downtrends. This video was... READ MORE
This past week, Grayson and I had the special pleasure of being interviewed by David Keller who, in the video, posed many pithy questions as to the evolution of our Stock Market Mastery methodology. We each reflected on the investing foundations differently, but all three of us agreed on the... READ MORE
STOCK INDEXES WEAKEN... Stock prices are ending a volatile week on the downside. So far, no serious chart damage has been done as the three major stock indexes shown below are testing potential support at their 50-day moving averages. Stocks are struggling with the spread of the omicron virus (and... READ MORE
Watching the rotation of the Real Estate sector (XLRE) on a Relative Rotation Graph shows the tail inside the lagging quadrant after a long rotation through leading and weakening. Six weeks ago, XLRE moved into the lagging quadrant, but quite rapidly started to pick up relative momentum again, pushing the... READ MORE
A lot of indicators, such as the percentage of NYSE stocks above their 200-day MA and the NYSE bullish percentage, remain in confirmed downtrends that will take time to reverse. However, some of the shorter-term charts that have proved reliable in the past have just begun to offer some bullish... READ MORE
It's that time of year again! On this week's edition of Chartwise Women, Erin and Mary Ellen talk about their favorite chart patterns, with Mary Ellen going in-depth on Base Breakout patterns while Erin covers the Double Bottom, Ascending Triangle, Falling Wedge, Bull Flag and Triple... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe Rabil discusses how he takes profits. He recommends defining who you are as a trader/investor, then shows how to go about taking profits whether you are a short-term trader or a Trend player. Joe then goes... READ MORE
After dipping to 4500, the development of a potential inverted head-and-shoulders pattern started to take shape on the price chart of the S&P 500. The overhead resistance just above 4700 has already been developing since the market first reached that area at the start of November. Very recently,... READ MORE
On Wednesday, investors waited for the FOMC minutes release at 2 PM EST to see whether the Fed would be hawkish or dovish in its response to the recent Producer Price Index report (PPI). With the PPI showing inflation rising rapidly, the market gapped lower Tuesday on an expectation that... READ MORE
In this edition of Trading Simplified, Dave briefly covers Mystery Chart updates and analyzes what has happened there. Next up, he covers the 10 things you must know about Crypto and any other market. This video was originally broadcast on December 15, 2021. Click anywhere on the Trading Simplified logo... READ MORE
The Producer Price Index is accelerating at a quick pace, with a 0.8% increase this November. For the year, producer prices are up 9.6%. As the media and market digest the increase in prices, the stagflation narrative becomes more realistic. With that said, this gives us more confirmation... READ MORE
The copper price is reputed to have a "Ph.D. in economics" because of its ability to predict turning points in the global economy. That role is justified due to copper's widespread use in most sectors of the economy, from homes and factories to electronics, power... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I take on the asset class and sector rotation as it played out last week. The relationship between stocks and bonds continues to be in favour for stocks while, at the sector level, Real Estate seems to be making an... READ MORE
The Tuesday before the third Friday of each month gets the blood pumping at EarningsBeats.com. As momentum traders, it's EXTREMELY important to be aware as monthly options expiration approaches. We have seen time and time again how crazy the short-term market action can be when market makers... READ MORE