Three of the four major indices, including the S&P 500 (SPY), Nasdaq 100 (QQQ) and the Dow Jones (DIA), inched to new highs, while the Russell 2000 (IWM) is struggling in its current price range. It is important for IWM to keep pace with the other indices, for... READ MORE
The market is continuing to see follow-through on the bounce that began last week. Charts and indicators that once looked very bearish are now turning around. Today both the SPX and NDX generated PMO crossover BUY signals. I'm going to focus in on the NDX, but I will... READ MORE
On the most recent episode of Power Charting on Stock Charts TV (link below) an analysis of the Dow Jones Industrial Average was considered. A sudden and sharp reaction occurred earlier this week. The index returned to the Oversold Trendline and found good support. Is the DJIA completing a Reaccumulation... READ MORE
It's 2021, but it's beginning to feel like it's 2020 again. I know, I know. Who wants to relive 2020 all over again, right? Well, thankfully, I'm just referring to the stock market. Many of the stocks that soared during 2020, and... READ MORE
If you have been paying attention to earnings, you would have seen that SNAP reported their numbers on Thursday and crushed all expectations. As a result, the stock was higher by over 25% at its peak the day after the numbers were released. While you might not have benefited from... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen reviews how quarterly earnings reports drove market action this week. She also shares how to trade stocks after big gaps up in price. Lastly, she presents a deep dive into the rebound in Consumer stocks. This video was originally... READ MORE
The week started with a large rally and is now ending with the Nasdaq 100 (QQQ) and the S&P 500 (SPY) at all-time highs. Though the Dow Jones (DIA) is not far behind, the small-cap index Russell 2000 (IWM) struggles in the middle of its trading range. The... READ MORE
On Fridays, as part of my subscriber-only DecisionPoint Diamonds Report, I give readers insight on how the Sectors did for the week, what our Sector Scoreboard and daily RRG look like and, most importantly, what sector and industry group to watch going into next week. I decided to share an... READ MORE
The Energy SPDR (XLE) is setting up to end its correction and resume its bigger uptrend. First and foremost, the long-term trend is up because the Trend Composite signaled an uptrend (gray circle) in late November when the majority of indicators turned bullish. There are five trend-following indicators in the... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin review this week's pullback in the market and identify signals that it's time to buy. They also cover how to tell when the pullback in Cyclical Stocks is over and end with a... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe shows his favorite aspects of StockChartsACP, explaining the convenience of getting at stock and market summary information through ACP. He also shows one of the scans he uses to find the pullback trade. Then, he goes through... READ MORE
A great post-earnings set up needs to check several boxes. The first box I need to check is the "beat revenue and earnings estimates" box, followed closely by the "raised guidance" box. When a company beats top and bottom line estimates and raises guidance, it results... READ MORE
In this edition of Trading Simplified, Dave teaches you to think like a trader. Trend following is easy if you follow a system; the hard part is sticking to it. Dave walks you though simple setups and simple systems. This video was originally broadcast on July 21, 2021. Click anywhere... READ MORE
Two of the biggest-by-market cap cryptocurrencies, Bitcoin and Ethereum, have perked up near the lows. Both have been trending down for the past month and looked as if they would test their recent lows created on 6/22: $28.8k for Bitcoin and $1700 for Ethereum. However, while Wednesday'... READ MORE
MARKET REBOUND CONTINUES... Stocks had another strong day today and have more than made back their sharp losses from Monday. Chart 1 shows the Dow Industrials closing above their 50-day average for the second day in row. Chart 2 shows the S&P 500 gaining more ground following Monday&... READ MORE
On Tuesday, the 4 major indices confirmed a reversal pattern with a close over the prior day's high. In the above chart, you can see all four indices created a new support level that needs to hold based on Monday's low. Having said that, we can... READ MORE
First of all, I'm sorry I had to cancel today's episode of Sector Spotlight. I've been battling a nasty cough/cold and a sore throat with not much voice left for a week now, and things did not improve enough to do a decent... READ MORE
The bad news is that a correction is underway and that many indicators and market averages have started to break through key support. The good news is that, internally, corrective activity has been underway for several months. Provided the bull market is still in existence (and there are few grounds... READ MORE
In this episode of DecisionPoint, Carl gives us his analysis of today's sell-off and discussed today's Downside Exhaustion Climax, showing us what to expect from this important signal and how to identify market climaxes. Erin takes a look "under the hood" at sectors that... READ MORE
With the markets' recent decline, investors' mindsets could be shifting into protecting gains made throughout the year. The recent blowoff from highs has also brought in more volatility with a potentially choppier environment. Additionally, pandemic worries have increased as the COVID delta variant threatens progress towards reopening countries... READ MORE
As the S&P 500 and Nasdaq 100 indexes have pounded away at new all-time highs basically every month in 2021, investors are left to wonder when a correction may actually be coming. We were taught that markets don't just go straight up, but instead they move... READ MORE
DOW SHATTERS 50-DAY LINE... Stocks are opening the week sharply lower and on the pace for one of the year's biggest losses. Although all market averages are under pressure, the Dow is leading the decline. Chart 1 shows the Dow Industrials plunging below their 50-day average. The next... READ MORE
The Indian equities showed a lot of resilience throughout the past five trading days and managed to close on a fresh weekly near its fresh all-time high point. The markets stayed resilient to the downsides, but, at the same time, showed fierce consolidation at higher levels and did not make... READ MORE
If you want to uncover the next big winning stock, now is the ideal time to be screening the markets. Why? Because proven studies have shown that the #1 driver of a stock that goes on to far outpace the markets is big, accelerating earning-per-share (EPS) growth.* This growth in... READ MORE
As the S&P 500 and Nasdaq 100 indexes have pounded away at new all-time highs basically every month in 2021, investors are left to wonder when a correction may actually be coming. We were taught that markets don't just go straight up, but instead they move... READ MORE
The IYW is a US Technology ETF. Its three largest holdings are AAPL, MSFT and GOOGL. At its peak this past Wednesday, it was higher by 9.4% from the date it was added to our ETF Model portfolio on April 19, compared to the S&P of 5.... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen reviews weak areas of the market that appear poised to head lower. She also discusses important takeaways from companies that have reported 2nd quarter results, as well as stocks trending upward on Delta variant news. This video was originally... READ MORE
Over the last week, we heard the chair of the Federal Reserve, Jerome Powell, address worries over the recent 5.4% year over year inflation increase. While the Fed continues to hold an accommodative stance with its bond-buying program, some are doubting whether the Fed is taking inflation seriously. So... READ MORE
The Relative Rotation Graph above shows the rotation for major stock market indexes against the Dow Jones Global Index. First of all, this is a so-called "open universe" which means that not all constituents of the benchmark are plotted on the graph. As a result, the universe is... READ MORE
In spite of the market making new, all-time highs this week, participation continued to deteriorate. Our focus is usually on the S&P 500 Large-Cap Index, so we'll begin with that, but mid- and small-cap stocks are really looking bad as well. The Silver Cross Index for... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen show us exactly how they find "pockets of strength" within the market. Regardless of market direction, there are almost always groups that are outperforming. Erin and Mary Ellen uncover industry groups that are showing new... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe shows how he evaluates breakout patterns, using ADX/DI to help find the stocks that are developing with the best characteristics. In addition, he describes what tells us that we need to be more careful about buying... READ MORE
Earnings season is upon us and with, the rising market, earnings expectations have followed. This is especially true for the banking sector, which is supposed to have well outperformed the first quarter. The reason for such predictions can be attributed to banks' increased profits from low-interest rates enticing a... READ MORE
In this edition of Trading Simplified, Dave covers the topic not all textbook writers actually trade. He continues his discussion "Thinking Like A Trader", showing the open setup and open portfolio. This video was originally broadcast on July 14, 2021. Click anywhere on the Trading Simplified logo above... READ MORE
The US Breakout The S&P has been in a secular or very long-term uptrend against the Dow Jones World Stock Index since the financial crisis. That trend is still intact, as the ratio remains above its 2011-2021 up trendline. The primary trend picture is a bit mixed as... READ MORE
As the stock market pushes further and further into record high territory, many companies have been slower to participate. For instance, the Dow Jones keeps trying to close above 35000 for the first time in history, yet many of its component stocks are still on the verge of breaking out.... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I seize the opportunity to answer questions from the mailbag. Why is this stock showing a negative performance while it is inside the leading quadrant? Can you give some guidelines on where to buy or sell? These are the major... READ MORE
With the release of the Consumer Price Index (CPI) report showing an inflation increase of 5.4% compared to the expected 3.8%, we should pay close attention to investments that keep inflation in mind. Though we have recently talked about food commodities and agricultural tech as potential hedges against... READ MORE
The NIFTY Realty Index is showing strong technical setup on both its Daily and Weekly charts. Some sector rotation is clearly evident and the sector is showing strong Relative Strength against the broader markets. The Daily Chart of the NIFTY Realty Index show a strong breakout above 360. Even if... READ MORE
In this episode of DecisionPoint, Carl covers the SPY and its associated indicators, paying particular attention to participation within the broad markets, as well as some observations on Disney (DIS) and Communications Services (XLC). He also takes a look at the Big Four (Dollar, Gold, Crude & Bonds) and, of... READ MORE