Supply chain issues have become a common term heard throughout 2021 now that companies are struggling to bring back pre-pandemic supply levels. With that said, scaling supply is not so easy and takes time. This is especially tough within the agricultural space, which operates on cycles and can take multiple... READ MORE
It's great to hear about an awesome stock over the water cooler, but you should definitely do your own due diligence before committing capital. Exchange-traded funds, or ETFs, are a different animal altogether. ETFs are nothing more than a basket of stocks. They provide much more diversification, in... READ MORE
Over the past five days, the Indian equity markets consolidated and traded in the limited range, ending the week with a modest loss. The NIFTY oscillated in the same range as the week before this one; though it ended on a negative note, it has also formed a parallel bar... READ MORE
When reviewing my charts last weekend, several jumped out as being at a pretty critical juncture, and therefore worthy of monitoring going forward. A couple of them involved the stock market, so I'll start there. Two Stock Market Relationships I have always been fascinated by the relationship between... READ MORE
This week on StockCharts TV'sThe MEM Edge, Mary Ellen shares stocks that have broken out of bases this week, as well as names that have reversed their recent downtrends. She also highlights top candidates from this week's strongest sector. This video was originally broadcast on July... READ MORE
On Friday, the Economic Modern Family, which consists of 5 sectors and 1 major index, made a quick turnaround in the small-cap index (IWM) and the retail space (XRT). Both closed over their 50-day major moving averages and are now in unconfirmed bullish phases, as seen in the above chart.... READ MORE
DecisionPoint employs "Climax Analysis" -- and only DecisionPoint.com has it. Determination of "climax days" is invaluable for the short-term trader. We've found that, by analyzing Net Advances-Declines, the VIX, Total Volume and Volume Ratios, we get excellent signals on what to expect over... READ MORE
The Steel ETF (SLX) led the market from late October to early May by more than doubling in price. The ETF then fell back with a break of the 50-day SMA in June, but this decline is viewed as a correction within a bigger uptrend. As such, it represents an... READ MORE
The investment press seems to be writing a good deal these days about mindfulness and living in the present. Similarly, a number of sports analysts are preaching the need of a "back to basics" philosophy for certain struggling athletic franchises. My own take on all this is less... READ MORE
Earnings season kicks off next week, with the big banks getting things started. After a rough stretch with falling treasury yields, the banks index ($DJUSBK) rallied on Friday as yields rebounded. Recently, I provided a relative strength look at key banks reporting next week. Here's a quick recap... READ MORE
TEN-YEAR TREASURY YIELD MAY BE BOTTOMING... A combination of technical factors suggests that the recent decline in bond yields may be at or near a bottom. Chart 1 shows the 10-Year Treasury yield starting to find support near its red 200-day moving average which usually acts as a support line... READ MORE
In this week's edition of Chartwise Women, Mary Ellen reviews the slide in Treasury yields and shares high dividend stocks from sectors that are in bullish uptrends. These dividend-paying stocks can also buffer market volatility. This video was originally recorded on July 8th, 2021. Click on the image... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe Rabil explains some key points about ADX. He starts with some basics, then shows how ADX can be used to confirm trend strength and then evaluate the counter trend pullback. He then analyzes your stock picks, including... READ MORE
This Relative Rotation Graph shows the industries that make up the Energy sector. One tail that especially stands out is for $DWCCOA. I have looked at this RRG, and the sector before, but always excluded Coal as none of the stocks in that index are in the S&P.... READ MORE
When reviewing my charts last weekend, several jumped out as being at a pretty critical juncture, and therefore worthy of monitoring going forward. A couple of them involved the stock market, so I'll start there. Two Stock Market Relationships I have always been fascinated by the relationship between... READ MORE
Whether we head into hyperinflation, stagflation or recession, it is always good to be prepared for more of the same-rising commodity prices, low supply, high demand and a low labor force wreaking havoc on your wallet. Inflation especially hurts people on fixed incomes. Wage growth can partially offset inflation as... READ MORE
Technology (XLK) has clearly been leading the SPX higher, but it is now very overbought. The RSI has now entered shaded overbought territory. We haven't seen price this overbought since the crash at the beginning of September. In September, price was accelerating its ascent, just as it is... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I go over the completed monthly charts for June. Starting with Asset Classes, I note the stretched levels for the stock market and revives the concept of "Reversed Relative Strength" that I first introduced in a blog article... READ MORE
The safest place in Tuesday's trading session was the tech sector. The tech-heavy Nasdaq 100 (QQQ) closed a pinch up on the day, while the small-cap Russell 2000 (IWM) broke its 50-day moving average and closed -1.62% lower. Conflicting major indices does not make trading easy, as... READ MORE
The RRG above shows the ABSOLUTE rotations for a selection of major indexes. Instead of plotting them against a global or otherwise encompassing index, I have plotted them against $ONE to get a handle on their underlying absolute trends. What is noticeable is that they are all inside the weakening... READ MORE
Join special guest Alessio Rutigliano for a discussion of Crypto Currencies and the Wyckoff Method. Alessio has become a foremost expert on trading Crypto. He has very effectively combined vertical bar chart analysis and horizontal Point & Figure (PnF) studies (link to the Power Charting episode is below). Alessio and... READ MORE
We've been waiting a LONG time for Amazon (AMZN) to "deliver" a breakout. Well, our package may be arriving today. After setting an all-time high close in early September and testing that level in April, AMZN is soaring today to print an all-time intraday high in... READ MORE
RRG (Relative Rotation Graphs) can quickly point us in the direction of leadership. Let me show you how. First, let's look at a daily RRG to see which sectors are strengthening and which are weakening: I used a "tail length" of 10 days so we can... READ MORE
Following a buoyant performance in the week before this one, the Indian equities had a quiet show over the past five days. The trading range throughout the previous week was narrower and rested itself on key support. The NIFTY approached its lifetime high point and retraced from that level to... READ MORE
U.S. equities are doing what U.S equities normally do. They're rising as we approach earnings season. I wrote a ChartWatchers article recently, "Wall Street Doesn't Want You To See These S&P 500 Performance Numbers", summarizing the typical pre-earnings outperformance. Be... READ MORE
The S&P 500 and the Nasdaq Composite both closed the week in new high ground as inflation fears continue to recede. Outside of the markets however, there's an increasing concern going into this long weekend, as health experts are eyeing an increase in the spread of... READ MORE
I view relative strength as one of the most important aspects of technical analysis. It helps me visualize where the money is going. When you review a price chart, it's very easy to see if a stock is going up or going down. As an example, let'... READ MORE
The S&P 500 is going higher. If you knew nothing else about the current market environment, you would consider that to be a bullish indication. As Paul Montgomery once said, "The most bullish thing the market can do is go up." But if you look underneath... READ MORE
This week on StockCharts TV'sThe MEM Edge, recent developments have pushed several lagging areas back into leadership positions. Mary Ellen reviews this rotation while highlighting top stocks to take advantage. She also points out weaker areas to stay away from! This video was originally broadcast on July 2nd,... READ MORE
On the Sector RRG, the tails for Energy and Utilities stand out. The Utilities sector is positioned inside the improving quadrant, but started rolling over a few weeks ago and is now heading towards the lagging quadrant again. On the opposite side, Energy is inside the weakening quadrant, but is... READ MORE
After leading the market into February 2020, tech-related ETFs were hit with strong selling pressure into March and extended their corrections into May. Large triangles formed in several and they broke out of these bullish continuation patterns with strong move the last seven weeks. A triangle within an uptrend represents... READ MORE
The normal P/E range for the S&P 500 is 10 (undervalued) to 20 (overvalued), but the P/E spike in 2009 nearly pushed that range into oblivion. The current P/E of 33.85 is the third highest in history, but it is the highest ever reached... READ MORE
TECH SECTOR SHOWS RELATIVE STRENGTH... Stocks are trading higher again today on the back of a stronger than expected jobs report. Eight of eleven market sectors are rising with technology in the lead. Relative strength by the tech sector is something we've been seeing a lot of lately.... READ MORE
General Mills (GIS) recently stated they would have to increase prices on many staple products. This relates to recent price surges in fuel, packaging and shipping costs, which has put a strain on not only food supply companies, but many small and large companies throughout the pandemic. With the markets&... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe discusses how moving averages can be a useful tool to help define price structure, longevity of the trend, and momentum. He then analyzes 16 stock picks sent in by viewers, including AMAT, NVDA, TGT and more. This... READ MORE
In the last couple of weeks or so, US treasury yield curves have begun to flatten. That may sound unduly technical and boring, but it has implications for bonds stocks and the economy. I'll get to the investment implications later, but for now I'll quickly through... READ MORE
I'm a big believer in patterns. I follow continuation patterns primarily, because I'm a momentum trader. So as stocks consolidate, I try to identify the pattern that shapes in order to gain insight into a possible measurement. That's what technical patterns offer - measurements/... READ MORE
On this edition of StockCharts TV's Sector Spotlight, as per usual on the last Tuesday of the month, I dive into seasonality for sectors. This time, I present a sneak preview of some work that expands on the 3D visualizations that I usually use for this segment. At... READ MORE
Tuesday's market action has been sluggish at best. Of the four major indices, the Nasdaq 100 (QQQ) made the largest gain, ending +0.45% on the day. Tuesday's average daily volume in the QQQs also took a hit, with 27,800,000 shares traded compared to... READ MORE
The Relative Rotation Graph above shows growth vs. value stocks rotations over the last six months (two quarters). After the initial cross into the leading/lagging quadrant, the relationship almost immediately started to move back in favor of Growth. Until both tails hooked in the week of 22 Feb, from... READ MORE