Moving averages are classic trend-following indicators and the 200-day SMA is perhaps the most widely used long-term moving average. This article will put the 200-day to the test using the Russell 2000 ETF (IWM). The ETF just came off its best "trend" trade ever using the 5/200... READ MORE
A LONGER TERM LOOK AT OIL... Energy inflation is grabbing a lot of headlines these days and for good reason. Energy prices are hitting the highest level in years. That includes natural gas and crude oil. Today's message will focus on the next potential upside target for oil.... READ MORE
As we wrap up another October, it's time to start looking ahead at the seasonally bullish November period. U.S. equities have LOVED November for many years, as the S&P 500 has risen during November in each of the last 10 years. But which stocks ride... READ MORE
Lately I have been seeing many TV pundits predicting a market melt-up, so let's take a look at participation and see if there is a set-up compatible with that notion. Surely, the rally from the early-October lows is a good start on a melt-up, but the recent new... READ MORE
On this week's edition of Chartwise Women, Mary Ellen and Erin talk risk and risk management. In keeping with Halloween season, Erin presents some "tricks & treats" charts and the two reminisce on "haunting" past trades. This video was originally broadcast on October 14,... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe discusses how he would add and reduce to a long-term holding that you like and want to hold as long as the trend is positive. He shows how many of the institutional portfolio managers he has worked... READ MORE
Sometimes, when I mess around with the charts, I discover an entirely new approach that I had not thought of before. Last week saw one of those breakthrough moments when, for the first time ever, I applied the Special K to hourly charts and came up with some interesting results.... READ MORE
Investing successfully for the long term requires a balance between give and take, choosing the pros and the cons of different investment approaches, taking the good with the bad, and accepting the risks with the rewards of investing. In other words, you can't have it both ways. You... READ MORE
Both the tech-heavy Nasdaq 100 (QQQ) and the S&P 500 (SPY) sit near their recent breakout levels. This is a pivotal place for large-cap companies, as the small-cap Russell 2000 (IWM) has already given up almost two weeks of progress. Now, IWM will look for support from both... READ MORE
In this edition of Trading Simplified, Dave shows his methodology in action - both good and bad - including a new mystery chart. He then resumes his discussion on how inefficient markets are the holy grail by using IPOs and cryptos as examples. He highlights the fact that, even if... READ MORE
Tuesday's market shows mixed price action amid positive earnings reports and a 14% increase in home sales for September. Focusing on the residential sector, many are looking for a top of the market, as home sales have skyrocketed since the pandemic began. Residential and Multisector Real Estate ETF... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I take a quick look at the current state of Asset Class rotation through the RRG lens. After that, I move on to Sectors. After a quick assessment of last week's rotation, I bring in BETA again to... READ MORE
Earnings season presents so many opportunities, especially during a secular bull market advance. We appear to have another one of those advances underway and the daily opportunities are increasing. The difference between a breakout and a failed breakout, however, many times comes down to one simple number - the closing... READ MORE
The Consumer Staples ETF (XLP) is known to be an area of focus through market downturns, as it offers exposure to companies that are historically safety plays. Some of XLP's biggest holdings include companies such as Walmart, Pepsi, Colgate and more. However, major indices are sitting at or... READ MORE
(This is an excerpt from today's 10/25 DecisionPoint Alert article) Natural Gas (UNG) had a huge rally today and looks bullish moving forward. We presented UNG as a "Diamond in the Rough" back on April 14th. The stop was never hit and the position, at... READ MORE
On this episode of DecisionPoint, Carl opens the show with his take on the current market rally and reviews all of the "under the hood" indicators on the SPY. Carl and Erin comment on the health of all of the sectors. Erin takes a deep dive into the... READ MORE
On this episode StockCharts TV'sThe MEM Edge, Mary Ellen shares areas of the market that are setting up to outperform. She reviews base breakouts and downtrend reversals in companies that have reported strong earnings, and reveals new industry groups that are coming into play! This video was originally... READ MORE
When I began looking at my key index charts this morning, along with sector and industry charts, one thing became apparent very, very quickly. In the near-term, we appear to be running out of bullish momentum. 60-minute divergences are negative across many key indices, sectors, and industries, not to mention... READ MORE
After testing a fresh lifetime high at 18604, the Indian equity markets slipped into some corrective consolidation within a broad range. The bulk of the previous week was spent in the corrective mode as the NIFTY rapidly lost ground after testing a fresh lifetime high. The past five days saw... READ MORE
The Infrastructure ETF (IFRA) came to life here in October with a six percent surge that could signal the beginning of the end for a long correction. IFRA underperformed from May to mid September, but is now showing some relative strength. We will look at the long-term picture and show... READ MORE
Friday, the chair of the Federal Reserve –Jerome Powell spooked the market when he announced that the Fed would keep rates near zero and continue with its tapering schedule. Though the market cannot blame Powell for stating already well-known information, it was enough to help create an intra-day selloff. While... READ MORE
Tesla (TSLA) reported its earnings last week with the stock getting a nice boost in spite of a steady move higher since its mid May low. In fact, the company notched an all-time high on Friday as it exceeded $900 for the first time. TSLA wasn't the only... READ MORE
Fed Chair Powell signaled new concerns about inflation today after remarking that global supply-chain constraints and shortages that have led to elevated inflation "are likely to last longer than previously expected". He also added that "it is still the most likely case" that it will last... READ MORE
The worst crime that an analyst can commit is remaining bearish in the face of a rising market. -Richard Russell The S&P 500 has now round tripped from its early September high around 4550 and the low around 4300 in early October. Will there be enough buying power... READ MORE
The two crucial elements of a Relative Rotation Graph (RRG) are the "universe" and the "benchmark". The Benchmark The benchmark for a Relative Rotation Graph is the common denominator for all securities that are present in the universe. Theoretically, the benchmark can be any index or... READ MORE
DOW TRANSPORTS CONTINUE TO RALLY... While the Dow Industrials continue to test their old highs, transportation stocks continue to act much stronger. Chart 1 shows the Dow Transports rising today to the highest level in nearly five months. That shouldn't be too surprising with companies dealing with supply... READ MORE
On this week's edition of Chartwise Women, Mary Ellen and Erin talk all about earnings season! The pair explain why earnings season is so important and share stocks that have propelled the market into an uptrend. The duo also discuss how having expert knowledge can really set you... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe explains how he uses 2 time frames side-by-side to identify trades with low risk. He discusses the "opposing trend trigger", where it came from and how it can be used to improve timing and lower... READ MORE
I guess the first question I'd ask is, "Are we talking about the short-term or the long-term?" Because I'd say there's very little chance that we've just reached a long-term top. But could this be a short-term top? Absolutely. Let... READ MORE
Both the S&P 500 (SPY) and the Dow Jones (DIA) are poised to hit new highs, while the Nasdaq 100 (QQQ) and the small-cap index Russell 2000 (IWM) have a bit more territory to clear. The above chart shows pivotal areas to clear in each index (Black Line)... READ MORE
The business cycle undergoes a set series of chronological sequences, just like the calendar year goes through seasons. Over the course of many decades, economists have recognized this phenomenon and devised composite indicators to follow this progression. By way of an example, the Conference Board publishes leading, coincident and lagging... READ MORE
Aging demographics, technological innovation and an ever-expanding debt overhang are three reasons why inflation has been largely kept under wraps in the last three decades. They are still relevant, so why not extrapolate a benign inflation trend into the future? One reason might lie in the Fed's extraordinary... READ MORE
Netflix (NFLX) will report earnings after Tuesday's market close. Although previous earnings for the company have been dreary at best, with an average earnings surprise of less than half a percent for the past three quarters, investors are now looking for a major improvement. The most common cause... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I dive into the current state of sector rotation and highlight the relationship between the Consumer Discretionary and Consumer Staples sectors, as Discretionary is trying to pull away after a period of indecisiveness. The XLP:XLY ratio is breaking out... READ MORE
Earnings season has taken the stage for the next couple of weeks as the market steadies itself for another move higher. Of course, another push higher means that companies will need to outperform or show signs of continued growth into the fourth quarter. So far, the financial sector has started... READ MORE
After reviewing the DecisionPoint indicators and discussing last week's upside climax, Erin takes a deep dive into the sectors on this episode of DecisionPoint, focusing on Technology (XLK) chart with very bullish "under the hood" indicators. She walks viewers through rare earth metals, uranium, lithium and... READ MORE
The sector rotations on the Relative Rotation Graph are still confusing. The Consumer Staples and Discretionary sectors are currently moving in the same direction where they normally move in opposite directions. Based on rising rates, one would expect both Banks/Financials and Real-Estate to benefit, but where XLF is definitely... READ MORE
In the interrupted week that was truncated on account of Dussehra on Friday, the Indian equity markets traded very much on the expected and analyzed lines. In the previous note, it was mentioned that, given the structure of the technical patterns and the analysis of F&O data, the... READ MORE
This has been a confusing market in so many ways. The S&P 500 moved higher for the first nine months of the year, but many stocks had a very different experience over that time frame. Leadership themes have rotated a number of times, with growth- and value-oriented sectors... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen shares top opportunities within the markets following last week's move into a bullish position. She also reviews Industrial and Material stocks poised to participate in the rotation into these sectors. This video was originally recorded on October... READ MORE