On this edition of StockCharts TV's Sector Spotlight, I address an email I received from a user with the subject line "Does RRG Really Matter?" At first glance, one could think a lot of things about such a subject line. However, it appeared to be a... READ MORE
Listen, NVDA has been one of the strongest market performers in 2021 and I believe there's a very good chance it goes much higher. But if I wanted to buy it, I'd likely wait a week or so. There are never any guarantees, but the number... READ MORE
In this episode of DecisionPoint, Erin (flying solo) starts with the DecisionPoint market overview, drilling down and uncovering three sectors that are showing new strength. She demonstrates how to find the strong industry groups within, then gives us five stocks to watch that should take advantage of that strength. Timing... READ MORE
The Federal Reserve has called inflation transitory as they look for the economy to continue to recover and for more people to enter the workforce. The Fed could be expecting inflation to settle down, not only from people returning to work but also with a decrease in programs, including the... READ MORE
NASDAQ 100 HITS NEW RECORD... Chart 1 shows the Invesco QQQ Trust closing above its April high to achieve a new record. Technology was the day's strongest sector. Chart 2 shows the Technology SPDR (XLK) nearing a test of its April high. Semiconductors had another strong day as... READ MORE
Most people are familiar with the Golden Cross, which is when the 50EMA of a price index crosses up through the 200EMA. The Golden Cross has positive long-term implications, but to address the intermediate-term I chose the 20EMA and 50EMA and thought it appropriate to call an upside crossover a... READ MORE
In The News It was a light week for headlines as there wasn't much in the way of either economic or earnings news. Thursday did provide us our next glimpse into the inflation story as May CPI jumped 0.6%, ahead of the 0.4% expectation. That left... READ MORE
While trading on a narrower range, the NIFTY continued its up move and ended on a positive note for the fourth consecutive week. The NIFTY went on to mark its incremental fresh lifetime high as it continued trending higher on reduced and decelerating momentum. The trading range remained narrower at... READ MORE
Each week in my DecisionPoint Diamonds reports, I give readers 10+ stock picks to consider. This week, we had 11 picks. I look for stocks that are beginning to show positive momentum, bullish chart patterns, breakouts and improving relative strength among not only the SPX, but also against its industry... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews why the Nasdaq outperformed last week and how you can capitalize. She also looks at best practices for buying stocks on their pullback, as well as a review of the best looking names from Robinhood's... READ MORE
Friday, June 18th is the next monthly options expiration day and, if it's like recent option-expiration Fridays, then get ready for crazy reversals. To best illustrate how the madness around options expiration works, we'll review past results. Before I do that, let me explain that I... READ MORE
It is well known that supply chain disruptions in Taiwan and other leading countries, which produce semi-chips for computers/Electric Vehicles, have been struggling to keep up with demand. Therefore, if the EV space is looking to extend higher, it will need semiconductor supply companies to step up its game.... READ MORE
The Utilities SPDR is lagging the broader market over the last eight weeks, but a close look at price action reveals an uptrend, a bullish continuation pattern and an uptick in short-term momentum. Let's investigate. First and foremost, the long-term trend is up for the Utilities SPDR (XLU)... READ MORE
In terms of key developments this week, I would argue that the ten-year Treasury yield breaking below 1.5% was perhaps the most significant. On The Final Bar this week, we've talked about the $140 level on the long bond ETF ($TLT) and how this rotation higher in... READ MORE
In this special presentation, Larry shares his views about what is coming for stocks, gold, crude oil and bonds. He provides some of his secrets of cycles and fundamentals, with an alert on what you need to be following going forward. As an added bonus, Larry highlights a specific trade... READ MORE
Leading stocks go through consolidation periods where weak hands forego their shares as impatience takes over. It's never fun to watch the stock market break to new highs while your stock(s) consolidate and fail to gain ground. A trained technical eye, however, needs to recognize continuation patterns... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin dive into the world of Initial Public Offerings (IPOs) and look at stocks with high short interest. They explain how to find these stocks and share their favorites, including a spotlight on Biotechs! This video was originally... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I make up for last week's brief coverage of recent rotations in asset classes and sectors by spending half of today's show examining recent rotations on the daily Relative Rotation Graphs. I put things into longer-term... READ MORE
The S&P 500 (SPY) and the Small-caps Russell 2000 (IWM) linger near all-time highs. This looks like a great setup for a rally past resistance and into higher territory. However, there are two potential problems to consider. The first is the Transportation sector (IYT), which has broken its... READ MORE
In this edition of Trading Simplified, Dave explains that trading success is more about attitude than aptitude. How you think is crucial; if you want to succeed at trading, then think like a trader. Dave also went on to continue to show his methodology in action and why you need... READ MORE
The transportation sector (IYT) bounced off $268, closing +.32% on the day. This was a pivotal level to hold and becomes more important when compared to the rest of Mish's Economic Modern Family. Besides IYT, the Family consists of Retail (XRT) Regional Banking (KRE), Biotech (IBB), Semiconductors (SMH)... READ MORE
Last week, I featured three energy-related ETFs as part of an article on the bond market, as they had just broken out on a short-term basis. Chart 1 shows that those breakouts have held so far. This week, though, I'd like to take a deeper dive into the... READ MORE
In today's episode of Sector Spotlight, I did a full review of all stocks that we are monitoring in the RRG L/S baskets. Both baskets (Long and Short) with the stocks on watch are shown in the RRGs above; the members of the Long basket are on... READ MORE
In this episode of DecisionPoint, Carl gives us the market review and points out numerous negative divergences that are finding their way back onto the indicator charts. He and Erin discuss how to use "cardinal highs" and "cardinal lows" to easily see negative and positive divergences.... READ MORE
"A small-cap is generally a company with a market capitalization of between $300 million and $2 billion. The advantage of investing in small-cap stocks is the opportunity to beat institutional investors through growth opportunities. Small-cap stocks have historically outperformed large-cap stocks but have also been more volatile and riskier... READ MORE
The 5G Next Generation ETF (FIVG) is taking the lead within the tech space as it breaks out of a bullish continuation pattern. FIVG is leading because it recorded a new high here in early June. Not very many tech-related ETFs hit new highs here in early June and this... READ MORE
Catching an industry group as it bottoms and begins to lead the market can be very profitable. We're seeing tons of rotation in the stock market, which is the biggest reason why selling doesn't last long. Money comes out of one group and then rotates into... READ MORE
For the third week in a row, the Indian equity markets continued with their up move. The week that went by saw the NIFTY50 index scaling a fresh high and also ending at its new lifetime high point. The Indian headline index is now placed in uncharted territory. The NIFTY... READ MORE
A number of winning stocks that performed well last year and into the first quarter of this year have seen dramatic drops in price. A decline in high-multiple growth stocks amid increasing interest rates was one reason, while a shift away from lockdown stocks caused other areas to drop. I&... READ MORE
In John Murphy's classic text Technical Analysis of the Financial Markets, he explains that one of the three basic assumptions of technical analysis is that prices move in trends.For anyone that has looked at charts for any amount of time, this seems like an obvious truism. The... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reveals an area of the market that's benefiting from a shift in government spending. She also reviews how to identify uptrends vs. downtrends in well-known stocks. This video was originally recorded on June 4th, 2021. Click... READ MORE
This is a copy of the "subscriber-only" DecisionPoint Weekly Wrap. It is posted each Friday for our subscribers and wraps up the week by analyzing daily and weekly charts. For more information on subscribing, click here. Intermediate-Term Price Momentum Oscillator (PMO) signals are determined by weekly PMO crossovers.... READ MORE
For the small-cap Russell 2000 (IWM), $226.69 is an important level to hold, as it shows the index can sustain itself over its main consolidation range dating back to early April. On the other hand, the Transportation sector (IYT), along with Retail (XRT), are not far from their 50-day... READ MORE
The S&P 500 reached a high on Friday of 4233.45, narrowly eclipsing the all-time high close of 4232.60 from May 7th. Unfortunately for the bulls, selling in the final few minutes ruined the breakout attempt. This false breakout, ever so slight, could be quite ominous for... READ MORE
The improvement of commodities started already back in early 2020. Looking at long-term (monthly) charts, that rally seems like one straight move higher. This chart shows $GNX and GSG stacked on top of each other. ($GNX is the S&P GSCI Commodity Index and GSG is the iShares S&... READ MORE
NASDAQ LEADS MARKET HIGHER... Stocks are reacting positively to this morning's job report which came in weaker than expected but showed job growth during May. Bond yields weakened on the report which may be helping to boost stocks, and technology stocks in particular. Chart 1 shows the Invesco... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen discuss the concept of "high-yield" stocks/ETFs. With inflation fears edging in, high-yield stocks are in favor. Not only that, but high-yield energy and real estate stocks are breaking out and are poised to move... READ MORE
In this week's episode of Sector Spotlight, I discussed the outlook for the Health Care sector based on the current alignment of the rotation on the Relative Rotation Graph and the seasonal expectation for the sector. Over the last 20 years, the Health Care sector outperformed the S&... READ MORE
The Dilemma Between the Long and Short-Ends Last March, I wrote an articleopining that, while the primary trend was positive, the idea of rising bond yields may have been become too popular for the time being. In the intervening 2 ½-months, yields at the long end have backed off a... READ MORE
Once a stock goes flying, it seems as though everyone wants a piece of the action. Of course, it might be fun to be a part of a big move, but it can also be extremely dangerous to take a trade in something going parabolic. However, if you are late... READ MORE