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
According to Mish's Economic Modern Family, the market remains mostly bullish, with only the transportation sector (IYT) and regional banking (KRE) sitting in cautionary phases under their 50-day moving average. However, most of the Modern Family closed lower or flat on the day, while the semiconductors ETF (SMH)... READ MORE
ICICI Lombard General Insurance Company Ltd -- ICICIGI.IN The most recent price action in ICICIGI shows that it is likely to move past its multi-point resistance zone, existing between 1540-1560 levels. The stock has seen a broad range consolidation and the formation of higher bottoms after it took support... READ MORE
The stock markets once again had a buoyant week as the Indian Headline Index NIFTY50 closed at a fresh lifetime high. The Indian market had four consecutive weeks of gains, piling up over 1121 points and taking a breather after that. However, after pausing its up move for just one... READ MORE
(This is an excerpt from today's DecisionPoint Weekly Wrap) When the 20-EMA crosses up through the 50-EMA, we consider that to be an intermediate-term BUY signal (a "silver cross") and track the percentage of stocks with BUY signals in a given market index with the Silver... READ MORE
The stock market steadied itself, as the major indices clear or head to new highs. Additionally, the media has slowed its aggressive inflation stance and looks to be shifting into the next trend, as the new infrastructure bill that has recently emerged from bipartisan talks adds a chunk of areas... READ MORE
Nike (NKE) reported blowout earnings Thursday after the bell and the market liked what it heard and saw, with the stock rising by 15% when it opened for trading on Friday. The company smashed all expectations and even guided higher, a combo that launched it to an all-time high. Of... READ MORE
This week saw the NASDAQ and S&P Composites rally to a new high, but not the DJIA, NYSE Composite, Unweighted S&P and Russell 2000. That's not necessarily the kiss of death, as these discrepancies can always be cleared up over time. In any case,... READ MORE
Traders interested in Treasury bonds, Treasury bond ETFs and yields would be better off ignoring Fed-speak and focusing on the charts. The bond market leads the Fed, not the other way around. There is a battle raging for the heart and soul of the bond market. In a rare divergence,... READ MORE
Non-StockCharts.com Members EarningsBeats.com members that DO NOT also have a StockCharts.com membership have asked for Excel downloads for use on platforms other than StockCharts.com. Within 24 hours, we will have all of our ChartLists available for Excel download. Executive Market Summary * Futures were bifurcated overnight and... READ MORE
In this week's edition of Chartwise Women, Erin (flying solo for the day) takes you step-by-step through how to select new momentum stocks in strong sectors and industry groups. Afterwards, she explains how you can time your entry to get the most profit. This video was originally broadcast... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe spends a few minutes showing some key guidelines to using multiple time frames to help improve our selection process, timing as well as defining support and resistance. Joe then spends the balance of the time providing analysis... READ MORE
NASDAQ BREAKS OUT TO NEW RECORD... Stocks are having another strong day with the S&P 500 and Nasdaq indexes hitting new records. The Nasdaq breakout is especially impressive. Chart 1 shows the Nasdaq Composite Index having broken through its February/April highs to reach new record territory. In... READ MORE
Since the lows of March 2020, the stock market has made a huge rally and has broken to new highs in all the major indices. Trillions of dollars have been spent to keep the economy in a strong recovery and bullish phase. This has pushed most sectors beyond price levels... READ MORE
In this edition of Trading Simplified, Dave continues his discussion on "Thinking Like a Trader," focusing on seeing what's there vs. what you want to see. Be right by ceasing to be wrong, and do the right thing instead trying to look smart. This video was... READ MORE
Tuesday morning's trading session continued a large sell-off in Bitcoin, which recently lingered near 41k in the prior weeks before selling off to roughly 29k. However, dip buyers that have been waiting for the chance to scoop up the largest-cap cryptocurrency under 30k were finally given one. Or... READ MORE
On the Bitcoin chart, an important support line at about 30,000 provides the base for a large rounded top. A rounded top is considered to be bearish, with the expectation that, if the support fails, much lower prices are likely. As to how much lower, let's look... READ MORE
On this edition of StockCharts TV's Sector Spotlight, after spending almost an entire show on a question from the mailbag last week, I shift gears again and highlight the most important rotations in asset classes and sectors. In the asset class segment, I look closely at the stock/... READ MORE
In this episode of DecisionPoint, Carl discusses last Friday's "selling exhaustion" and today's new "upside initiation climax." Carl also reviews the DecisionPoint indicators and gives you his outlook on Gold, Gold Miners, the Dollar, Crude Oil, Bitcoin, Bonds and the 10-Year Treasury... READ MORE
On Friday, the major indices, including the small-cap Russell 2000 (IWM) and S&P 500 (SPY) closed underneath their 50-day moving average. However, on Monday, both reversed and ended the day above their 50-DMA. With Friday's weak price action, any bearish traders who decided to short these... READ MORE
SPY experienced its biggest weekly decline (-2.2%) since late February and the nine-week Rate-of-Change turned negative for the first time since late October. The ETF also closed below its 10-day SMA for the first time since late January. Normally, a close or dip below the 10-week SMA signals a... READ MORE
The Indian equity markets took a breather in the week gone by as they halted four consecutive weeks of gains. Over the past month, the NIFTY had piled up 1121.55 points of gains. However, over the past five days, the NIFTY retraced after marking its fresh lifetime high at... READ MORE
The U.S. markets ended the week in the red, with the S&P 500 breaking below its key area of support today on heavy volume. Already under pressure following Wednesday's hawkish comments from the Federal Reserve, the markets took a tumble today after Fed official James... READ MORE
We chartists are a dedicated lot, but at the risk of alienating my fellow technicians, we are sometimes too myopically focused just on charts at the expense of profits and have been known to succumb to something I'll label "The Shiny Chart Syndrome". This blog is... READ MORE
One of our key ChartLists at EarningsBeats.com is our Raised Guidance ChartList. As the name implies, it tracks companies that raised their revenue and/or EPS expectations at some point over the last 90 days. Many times, once a stock raises guidance, profit-taking kicks in, traders grow impatient and... READ MORE
Chart 1 shows that, since 2015, the Dollar Index has been in a narrowing trading range bounded by two converging trendlines. That period has also embraced the end part of the 2011-2016 bull market, a mini-bear and bull market and the current bear. I use the term "bear"... READ MORE
After Wednesday's Fed announcement, the stock market has been sitting in an uneasy state. The U.S Dollar (UUP) has not only firmed, but pushed over resistance from its 200-day moving average at 24.69, confirming an accumulation phase. Additionally, the 20+ year treasury bond ETF (TLT) has... READ MORE
I have four paper charts hanging in my office. I use these as the background for most of my videos, and you can usually see one in the background when we shoot The Final Barevery afternoon. I was recently asked why these four charts were worthy of display -- and... READ MORE
DOW UNDERCUTS ITS MAY LOW... Some hawkish comments on interest rates by a member of the Fed this morning is taking a negative toll on stocks. The Dow is under the most pressure. Chart 1 shows the Dow Industrials trading below its May low to the lowest level in nearly... READ MORE
There's been a lot of talk and articles on rates, rising yields, and rate hikes lately. That seems like a good moment for a reminder of the fact that Relative Rotation Graphs can also be very well used to visualize the (relative) movement of yields for various maturities.... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen focus on determining the market tides and how to find and follow the treasure map and charts. Watch them uncover the sectors, industry groups and stocks that should "weather the storm" and guide you to... READ MORE
In this inaugural edition of Stock Talk with Joe Rabil, Joe gives his background of 30 years and insights into his approach to the market. He gives a quick introduction to his history, format for future shows, and use of technical analysis. He provides his preferred setup in StockChartsACP and... READ MORE
DOLLAR JUMPS ON FED MESSAGE... The Fed's more hawkish tone yesterday set off a number of intermarket reactions. Stocks sold off (although not by that much), and bond yields rose. Prospects for higher rates in the U.S. also had a positive impact on the dollar. Chart 1... READ MORE
In yesterday's article in the RRG blog, I highlighted the Oil&Equipment Services industry as potentially interesting. Using the scan-manager to find the members of this industry gives 78 matching results. [group is OilEquipmentServices] One thing that we need to take into account when using the scan-manager... READ MORE
The latest FOMC meeting has come and gone. Fed Chair Jay Powell capped it off by recognizing that inflation was hotter than expected and even signaling that the Fed is ready to hike rates by the end of 2023, stepping up its earlier April guidance of "no rates hikes... READ MORE
After the FOMC minutes were released on Wednesday, the market responded with a sharp selloff. The Feds' underestimation of rising inflation pushed them to consider scheduling rate increases in 2023. While 2023 is still far in the future, the market responded with choppy price action. This could be taken... READ MORE
The Relative Rotation Graph for US sectors shows interesting rotations on the tails of the Financials and the Energy sectors. These two sectors are inside the weakening quadrant on the RRG, but ranking highest on the JdK RS-Ratio scale. Both sectors completed a first stint through the leading quadrant, entering... READ MORE
In this edition of Trading Simplified, Dave continues his discussion on the fact that successful trading is more about attitude and less about aptitude. If you want to succeed at trading, then think like a trader. Dave also goes on to continue to show his methodology in action. This video... READ MORE
On Monday, we talked about transitory inflation and decided that, if general demand for goods was to continue with such strength, one of the best places to keep an eye on for investing opportunities could be in soft commodities. Not only must people eat, but, as travel picks up its... READ MORE
Chart 1 shows that, since 2015, the Dollar Index has been in a narrowing trading range bounded by two converging trendlines. That period has also embraced the end part of the 2011-2016 bull market, a mini bear and bull market and the current bear. I use the term "bear&... READ MORE