In this episode of DecisionPoint, Erin gives us an in-depth overview of the markets. Bitcoin is poised to move higher, Oil and Gold are rebounding and we have an outlook on the Dollar. Erin then spotlights Healthcare (XLV), Communications Services (XLC), Energy (XLE) and Utilities (XLU). To finish, she takes... READ MORE
On Monday, the market continued its rally from Friday of last week, with the S&P 500 (SPY) and Nasdaq 100 (QQQ) clearing all-time highs. Again, the tech sector and large-cap stocks are leading the market higher. However, we should not forget about the Russell 2000 small-cap index (IWM)... READ MORE
One of the biggest developments in recent weeks has been the breakout in the U.S. Dollar Index ($USD). I've been expecting it and it happened last week: The black arrows are marking all of the RSI tops at 65 and above and all the bottoms at 35... READ MORE
In the previous weekly note, we had mentioned that the only trouble with the otherwise buoyant NIFTY is that it is overextended on the daily chart. The week that went by saw the markets consolidating at higher levels. On the global landscape, the "taper tantrums" from the Fed... READ MORE
Today, we have a possible "upside exhaustion climax." We didn't get confirmation of the climax because Total Volume was so low today. This is a problem. Today was options expiration -- we should have seen more volume. Additionally, it was a strong rally day and Total... READ MORE
Last Friday (August 13), the University of Michigan released the initial August response to their consumer sentiment survey. A sharp 13.5% retreat was recorded. The Expectations Index fared even worse, with a 17.5% drop. According to the summary report, only six of these monthly surveys since the late... READ MORE
In my last ChartWatchers article, I discussed ways to profit from the terrific earnings season that we just experienced. So many companies put up solid numbers which led to the market reaching an all-time high. I'm referencing my article from two weeks ago because it's a... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen reviews last week's pullback and whether the markets can recover. She also shares dynamics taking place after companies report earnings as we go into next week's 2nd quarter release from well-known names. This video was... READ MORE
Above is a chart of the Russell 2000 (IWM), which is one of the most valuable indices as it tracks 2000 small-cap companies and, therefore, gives a great picture of the overall market direction. Since the beginning of 2021 IWM has been mostly rangebound. The high of the range is... READ MORE
The Finance SPDR (XLF) is one of the leading sectors and recently broke out of a falling wedge correction. There was a little throwback this week, but the breakout is holding and remains bullish until proven otherwise. Let's see what it would take to prove otherwise. First and... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin review what a rising dollar or lower interest rates means for certain areas of the market. They also share impactful headlines that will drive the markets higher. This video was originally broadcast on August 19, 2021. Click... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe shows how momentum divergence is often used to look for changes in trend. He describes how he would use this type of analysis. Then, he explains how to use momentum divergence in a powerful way to get... READ MORE
One key element of our service at EarningsBeats.com is to address monthly max pain, which I define as the point at which in-the-money call premium completely offsets in-the-money put premium. As of Tuesday's close, there was a TON of net in-the-money call premium. On the SPY alone,... READ MORE
The Economic Modern Family now has 5 members sitting in a confirmed cautionary phase. A cautionary phase is defined by the 50-day moving average stacked over the 200-DMA, with the price between both moving averages. As seen above, the only member holding a bullish trend with its price over the... READ MORE
In this edition of Trading Simplified, Dave continues his discussion on finding trading answers through asking the right questions, continuing to stress the importance of patience. He goes on to discuss that you should not put capital into harm's way by trading when conditions aren't conducive,... READ MORE
On Tuesday, the retail earnings report came out -0.8% lower than expected, amid recent highs in two of the major indices. This caused the market to gap lower following a continued selloff throughout the day. However, the market did not close at the lows of the day, which could... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I look at last week's rotations for asset classes and sectors and conclude that the current sector rotation is throwing curve balls at investors making it difficult to come up with a very clear and well-defined trend or... READ MORE
Last Friday, the University of Michigan released the initial August response to their consumer sentiment survey. A sharp 13.5% retreat was recorded. The Expectations Index fared even worse with a 17.5% drop. According to the summary report, only six of these monthly surveys since the late 1970s have... READ MORE
Since mid-May, the Transportation sector (IYT) has been trending lower. Currently, IYT sits just under resistance from its 50-day moving average at $257.97. Additionally, the small-cap index Russell 2000 (IWM) has traded sideways for over a month and continues to have trouble clearing its pivotal $225 resistance level. Because... READ MORE
In this episode of DecisionPoint, Carl and Erin turn the agenda upside down! Erin begins the show talking about three industry groups that have been showing new strength and a few stocks to review within those industry groups. Her "Diamond of the Week" takes advantage of momentum shifts... READ MORE
Today on the DecisionPoint Show Carl brought up the chart on Apple (AAPL) to discuss a recent comment from Jonathan Hoenig of the Capitalist Pig Hedge Fund on Fox Business news last week. At the time, he went out on a limb and said that he was shorting Apple. We... READ MORE
I've studied the major indices from a historical perspective for decades. I believe there are reasons why bullish and bearish tendencies develop over time and why such seasonality repeats itself. For instance, I've published articles here in this blog and in ChartWatchers discussing significant tendencies before,... READ MORE
RSI is a momentum oscillator that many chartists use to identify overbought and oversold levels. While RSI above 70 is typically considered an overbought condition, it is also a sign of strong upside momentum that can signal the start of an extended advance. Conversely, RSI below 30 is considered an... READ MORE
It's not at all unusual for a company to see a huge uptrend followed by a lengthy consolidation period. Many traders with short-term time frames will grow increasingly impatient and sell long before they should. But properly-employed capital is vital to a trader, so it makes sense to... READ MORE
In the early weekly note, it was mentioned that the following eight weeks of consolidation, the NIFTY has finally staged a breakout while dragging its support levels considerably higher. Over the past five days, the NIFTY extended its gains while it closed at yet another lifetime high levels. The trading... READ MORE
The broader markets are at a very positive juncture as recently leading areas are holding their gains while newer areas are coming into their own after reversing their downtrends. Last week, my MEM Edge Report highlighted the new uptrend in Financials while recommending several Bank stocks which outperformed last week... READ MORE
I recently recorded a "Choose Your Own Adventure" style approach to Bitcoin. I laid out four different scenarios for this crypto, from the uber-bullish move to 65,000 to the ultra-bearish scenario down to 24,000. If you're interested, you can see the original video here... READ MORE
Relative Rotation Graphs are a great tool to use for a top-down approach. Lots of people look at sectors and trade the sector ETFs. The State Street sector SPDRs range (XLK, XLY, XLP, etc.) is probably the most popular family of ETFs for that purpose. The RRG above shows the... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen shares the reversal of a prominent index that's poised to trade higher after strong earnings from underlying stocks. She also reviews the move into higher yielders as inflation remains elevated. This video was originally recorded on August... READ MORE
Recently, we talked about the ongoing battle between the Regional Banking Sector (KRE) and the 20+ Year Treasury Bonds ETF (TLT). Each has its 50-day moving average nearby and is looking to use them as potential support. Currently, the 50-DMA is at $145.97 for TLT and $65.09 for... READ MORE
Rotation is nothing new during secular bull markets; it's actually what drives bull markets. Rather than money leaving the stock market for another asset class when leading sectors sell off, it simply moves from one sector to another sector. Financials (XLF) recently caught fire as treasury yields rebounded.... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe explains how he combines the strategies discussed in recent shows on MACD and ADX with a specific price pattern. He gives the criteria for the price setup and a recent example. Afterwards, he goes through the viewer... READ MORE
For a few weeks already I am monitoring the rotation between large-, mid-, and small-cap segments. On the various Relative Rotation Graphs, the deterioration for Small-Caps and, to a lesser degree, Mid-Caps vs Large-Caps is clearly visible. Over the last 13 weeks, Large Caps have pushed into the leading quadrant... READ MORE
From June to late July, Regional Banking ETF (KRE) has been stuck within a downward trend. Coming close to its 200-day moving average, it was able to find some support and, from there, consolidated over the major moving average. With that said, on August 6th, KRE gapped higher and closed... READ MORE
In this edition of Trading Simplified, Dave continues the "Finding Trading Answers" series, which is important for how you think about and see the markets. He explains how to find the right mindset to make your trades successful because if you want the right answers, you need to... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I spend the entire show on talking you through the current rotations for Asset Classes and Sectors and how they interact with longer term trends and price charts. Caution remains for the S&P 500, while the Healthcare sector... READ MORE
One of the best ways to get a quick snapshot of the market is by using Mish's Economic Modern Family. These 5 sectors and 1 index can help guide us through the overall market, as well as reveal potential weak spaces to be cautious of. Tuesday has seen... READ MORE
We hear a lot about inflation these days and have certainly experienced rising grocery bills, as well as runaway used car and housing prices. Commodity prices are often, but certainly not always, a leading indicator for the CPI, but there are three markets that have a useful, though imperfect, record... READ MORE
I can't help it. I love analyzing quarterly earnings reactions and how the entire stock market is being impacted. So, as of Friday, August 6th, we have an Excel spreadsheet at EarningsBeats.com that incorporates nearly 1700 lines of earnings data that includes: * Quarterly earnings, both actual and... READ MORE
In this episode of DecisionPoint, Carl returns to the show and brings an interesting concept to share. Carl examines DP indicators and how they are confirming a stealth correction, as suggested by David Keller. To prove his point, he reviews stocks within the Dow 30 that did not have their... READ MORE