On Monday, Bitcoin cleared its major moving average, while Ethereum, the second-largest-cap currency, tested its new support level at $2900. For the moment, this shows the crypto space can hold its weekend progress. Often, the weekend can be pivotal for cryptocurrencies, since they are given more attention when the stock... READ MORE
After eight weeks of consolidation, the Indian markets gave yet another break out as it surged above the crucial 15900-15950 zone. The past four out of five saw the markets inching relentlessly higher as it not only demonstrated renewed strength but also made the present breakout sustainable. The markets saw... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish reversal in one of the largest sectors as the markets hit another new high. She also shares breakouts on earnings and how to use precedent to trade them from here. This video was originally recorded on... READ MORE
Q2 Earnings season is winding down and, based on the record highs on all of the major indexes this past week, traders liked what they heard and saw. The solid earnings beats by many companies comes as no surprise, with interest rates remaining low while the Fed continues its bullish... READ MORE
Two of the major cryptocurrencies, including Ethereum ($ETH) and Bitcoin ($BTC), are looking to clear and hold over resistance; Bitcoin at $40–42k and Ethereum at $2900. Their next test is to hold at or over these price levels through the weekend. If they do, we could see not only... READ MORE
The Regional Bank ETF (KRE) and the 10-yr Treasury Yield are positively correlated and the recent surge in the 10-yr yield led to a breakout in the Regional Bank ETF. More importantly, this breakout signals an end to a corrective period and a resumption of the bigger uptrend. As noted... READ MORE
10-YEAR TREASURY YIELD REBOUNDS... A strong July jobs report is helping boost bond yields today. Chart 1 shows the 10-Year Treasury yield bouncing 7 basis points to 1.29% on the day. A small double bottom on the daily bars suggests that a bottom may be forming. The TNX is... READ MORE
The frontline NIFTY50 Index staged a strong breakout following eight weeks of strong consolidation. It has marked a fresh lifetime high and presently trades in uncharted territory. For a bull run to sustain in a meaningful way, there has to be broad-based participation; especially from key sectors like banks and... READ MORE
The other day, I was looking at the S&P 500 version of the Advance-Decline (A-D) Line, which tracks the cumulative daily advances minus declines for the SPX components. We can see that it has been confirming the market's advance for months, with a steady stream of... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin share recent presentations where they review how to pinpoint your entry point when a stock pulls back. They also share powerful yet simple technical indicators that can guide your trading. This video was originally broadcast on August... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe follows up his past lessons on ADX and MACD to show how he uses these two indicators together. He explains the difference in the calculations and their implications. Joe then shows which indicators he uses to answer... READ MORE
In the past couple of weeks, the market has shown to have higher volatility paired with scattered daily price action. With the recent discovery of yet another COVID-19 variant (lambda) and with the spread of the highly contagious delta variant, we could be seeing the market begin to rotate into... READ MORE
If you want answers to your trading questions, then you must make sure that you are asking the right questions. In this edition of Trading Simplified, Dave kicks off a new series on asking the right questions to become a successful trader and how to find those answers. Dave also... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I go over the completed monthly charts for July, highlighting the major trends and pointing out the areas of support and resistance to watch. Before the break, I give a quick overview of last week's rotations for sectors... READ MORE
China has been in the news often as many of the Chinese companies are experiencing a crack down by the government on the "private" sector. We, of course know that there really isn't a "private" sector in China as the government controls all. This... READ MORE
This morning, an interesting chart of the S&P Composite authored by Ed Clissold of NDR Research crossed my desk. It can be seen at @NDR_Research. It is a composite of 3 historic cycles: 1-year, 4-year (post-election) and 10-year decennial cycle with an average of years ending in... READ MORE
For the past week, the major indices have been very choppy. Without clear direction in the indices, volatility has increased making price swings faster and, thus, tougher to time. However, times like this prove how important risk management is and, if done correctly, can help preserve trader's capital.... READ MORE
After slowly rolling over while inside the improving quadrant, the tail on XLV (Health Care) picked up again at the start of this week and is now moving into the leading quadrant. This move follows the recent rotation on the daily RRG, which started out in the leading quadrant, rolled... READ MORE
In this episode of DecisionPoint, Erin, flying solo, gives her unique insight into current market conditions and indicators. Short-term, the SPY is suspect. See why! She then brings in three stocks from the free DecisionPoint Trading Room (sign up on the decisionpoint.com homepage) that she believes are "Diamond&... READ MORE
The small-cap Russell 2000 index (IWM) cannot make up its mind. For the past three trading days, IWM has not been able to clear a pivotal resistance area created from the 50-day moving average at $225. Other key sectors, including Transportation (IYT) and Retail (XRT), have also been under pressure... READ MORE
It was one more consolidating week for the Indian equity markets, as the NIFTY continued to consolidate over the past five days. Despite a couple of attempts, it failed to clear the important resistance zone of 15900-15950 and suffered violent profit-taking twice from those levels. On the short-term daily charts,... READ MORE
Over the past couple of weeks, over 50% of the companies in the S&P 500 have reported results for Q2 2021. Of those, 88% have reported EPS results above estimates. This is well above the average over the past five years. The markets are all about future growth,... READ MORE
Markets in healthy uptrends, with improving bullish characteristics, see price breakouts follow through to further upside. Stocks like AAPL and AMZN and PYPL and others break above previous resistance levels and continue to push onward and ever upward. Except that was not the upside follow through scenario that the markets... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen reviews last week's market dynamics and uncovers what's supporting the continued uptrend in the broader markets. She also shares how to capitalize on the strength in 2nd-quarter GDP. This video was originally broadcast on July... READ MORE
After months of quiet frustrating trading, Bitcoin finally broke out to the upside this week. It's too early to say whether this is the beginning of a move to new all-time highs, as lots more backing and filling is probably necessary in order for it to form a... READ MORE
The past week's earnings have set the market stage, with large tech companies such as Apple (AAPL), Google (GOOG/GOOGL) and Microsoft (MSFT) beating earnings estimates. With that said, prices look to be waning not only in the large tech companies, but in the overall market. This could... READ MORE
It's no secret that I'm a fan of leading stocks in leading industries. So, as we move through yet another earnings season -- and there's still plenty left in it -- I thought I'd review what I consider to be the best... READ MORE
The Relative Rotation Graph showing the rotations for Large-, Mid- and Small-Cap indexes is sending a very clear message: Avoid Small-Caps. (And also Mid-Caps.) The large-cap segment pushes further into the leading quadrant, while small-caps are on a very long tail moving deeper into negative territory. It looked as if... READ MORE
In this week's edition of Stock Talk with Joe Rabil, gives a few examples of how he uses MACD in multiple time frame. He explains 2 MACD patterns from his book, the Zero Line Reversal Pattern and the Pinch. He then goes through and analyzes the stock requests... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen play "Never Have I Ever" with the markets, looking at stocks in the news based on these 'revealing' questions. Play along as they not only share their answers to the questions, but also... READ MORE
The Relative Rotation Graph above shows the rotation for the members of the Semiconductor group against the DJ US Semiconductor index. Clearly, NVDA is the main component of this group, and it has been leading the group higher recently. Over the last few weeks, however, NVDA has started to lose... READ MORE
S&P 500 TOUCHES NEW RECORD... Stocks continue to rise with major stock indexes at or near record highs. Chart 1 shows the S&P 500 touching new record territory. Smaller stocks have been lagging behind the large cap rally. But are starting to look stronger. That includes... READ MORE
Months of consolidation is now resulting in key breakouts for a number of growth stocks. Amazon.com (AMZN), which will report quarterly results later today, was a high-profile breakout after nearly a year of consolidation. But that's simply set the beginning of a trend. Here are two more... READ MORE
The decline in the 10-yr yield is not the only factor at work in the markets, but there is clearly a correlation at work recently, especially with banks. The chart below shows the 10-yr Yield ($TNX) and Regional Bank ETF (KRE) falling from mid May to July. Meanwhile, the Technology... READ MORE
Google recently joined the list of growing companies to postpone their back-to-work plans as the COVID-19 delta variant continues to spread. Along with Google, Apple has previously extended working from home for the same reason. As large corporations postpone back-to-office mandates, many other companies are giving their employees the option... READ MORE
As the COVID-19 delta variant spreads across the United States, the CDC continues to update its guidelines to mitigate further spread. Although we don't know if there will be any nationwide lockdowns or reduced travel restrictions in the immediate future, it has become abundantly clear that COVID issues... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I highlight interesting seasonal patterns for various sectors and explore if they are aligning with the current rotations on the Relative Rotation Graph. It looks like August has some interesting seasonal anomalies that are worth exploring. 7 out of the... READ MORE
At the start of this week, the technology sector is rotating into the leading quadrant on the weekly RRG. Clearly, the endpoint of the tail is not fixed until Friday's close. Still, the improvement is visible and follows the improvement that was already visible for a few weeks... READ MORE
In this episode of DecisionPoint, Erin, flying solo, taked an in-depth view of the SPX and Swenlin Trading Oscillators (STOs) and covers the rally in Bitcoin, as well as a look at the prospects of Crude Oil moving forward. She then introduces DecisionPoint's "Bias Assessment" technique;... READ MORE
After months of quiet frustrating trading, Bitcoin finally broke out to the upside this week. It's too early to say whether this is the beginning of a move to new all-time highs, as lots more backing and filling is probably necessary in order for it to form a... READ MORE