On this edition of StockCharts TV's Sector Spotlight, for the first Tuesday of the month, I combine the usual look at long-term trends on the monthly charts with the seasonal expectations along with current rotations as they are visible on the Relative Rotation Graph for US sectors. For... READ MORE
On Tuesday, the Russell 2000 (IWM) closed over its pivotal price area of $226.69 from April 6th. Now it needs to hold over this price level as new support. However, the other major indices, including the S&P 500 (SPY) and Dow Jones (DIA), closed almost unchanged from... READ MORE
There are two sides to every coin. Similarly, I can look at the market from an optimistic or pessimistic perspective. Each provides different answers as we look into June 2021. The Bullish View The first reason to be bullish is as simple as it gets. We're in a... READ MORE
Going over the monthly charts, I noticed the confirmation of the upward break visible at the end of April. During May, that upward break managed to hold up above the breakout level, record a new high during the month and close the month at a new closing high. These are... READ MORE
I'm a momentum trader, so I look for consistent uptrending patterns before I commit capital. As I've said many times before, I'm most comfortable trading leading stocks in leading industry groups. These are the stocks that Wall Street favors and, in my opinion, offer... READ MORE
The past week remained a trending one, as the NIFTY attempted to break out of the channel and, in the process, tested and marked a new lifetime high on the last trading day of the week. The trading range during the week remained narrower; the index moved in a 324-point... READ MORE
I suppose the answer really depends on your level of expectation and your time frame. If you're looking for technology to outperform the benchmark S&P 500 over the next few months the way it did throughout much of 2020, then you'll likely be quite... READ MORE
The Big Picture Before we get into the subject of corrections, it's important to make sure that we do not lose focus on the big picture. For instance, take Chart 1, which features the Value Line Geometric Average. It reflects the performance of the average stock, as opposed... READ MORE
The Reddit crowd was at it again this past week as they mounted a full-out assault on short sellers, with some stocks making meteoric rises. The biggest example was AMC Entertainment (AMC), which tripled - repeat; tripled - over a one week period, rising from just over $12 to almost... READ MORE
On Tuesday, I let DecisionPoint Diamonds subscribers know that weed stocks were the place to be. While this area can be speculative in nature, there are some strong winds at the back of these stocks. Technically, these charts look fantastic, but there is also news on the marijuana front. A... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reveals key characteristics that your stock is poised to far outperform its peers. She also reveals stocks that are re-emerging after lengthy downtrends, as well as top Small Caps that have regained momentum. This video was originally recorded... READ MORE
The Biden administration is looking to increase spending on cybersecurity with the next round of stimulus. This comes after an increase in cyber-attacks across the world, which has targeted government agencies and groups. For the U.S, one of the most recent attack was a ransomware attack on the Colonial... READ MORE
Some of the old Ford and GM cars can still rev their engines, but the sound of a revving engine could go the way of the dodo with EVs. Perhaps, I should say that the Global Auto ETF (CARZ) price chart is revving its engine and poised for a breakout.... READ MORE
The Big Picture Before we get into the subject of corrections, it's important to make sure that we do not lose focus on the big picture. For instance, take Chart 1, which features the Value Line Geometric Average. It reflects the performance of the average stock, as opposed... READ MORE
The Health Care sector is one of the defensive sectors in the S&P 500 which is on a positive trajectory inside the improving quadrant and heading towards leading. The RRG for sectors, highlighting XLV, is on the left above. The RRG on the right shows the industries inside... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen take a trip to the movies! Of course, they have to look at AMC since it was "movie day", but they also share numerous stocks that you should consider for "starring roles" in... READ MORE
For the past couple of weeks, the Russell 2000 (IWM) has been a major focus for traders and investors that have been cautious, given the struggle IWM has gone through in its current trading range. Now it has cleared its pivotal 50-day moving average at $221.96 and looks to... READ MORE
In this edition of Trading Simplified, Dave starts the show by covering three mystery charts, then continues his discussion on "Trading Secrets". Topics in this video include making decisions, emotions in trading, gaining experience and going with the flow of the market. This video was originally broadcast on... READ MORE
10-YEAR YIELD PULLS BACK... Despite all the talk about accelerating inflation, bond yields have been pulling back of late. The daily bars in Chart 1 show the 10-Year Treasury yield falling to the lowest level in three weeks and trading below its 50-day moving average. The TNX set a 52-week... READ MORE
For the third time, the small-cap index Russell 2000 (IWM) has failed to clear its 50-day moving average. It is the last of the four major indices to lag as, on Monday, the Nasdaq 100 (QQQ) cleared and has since held over its 50-DMA for a second day. This confirmed... READ MORE
On this edition of StockCharts TV's Sector Spotlight, I highlight the rotations in asset classes and US sectors as they played out last week and then put things into a longer-term perspective. The warning signals that already popped up over the last few weeks are persisting. In today&... READ MORE
As I go through my normal routine of analyzing hundreds of charts every day, or when I'm preparing for my daily closing bell show, I often focus on the "line in the sand" for each chart. That is, what's the point at which you... READ MORE
From a long-term perspective, it's hard to imagine that it's a bad thing for your stock to be setting a fresh 52-week or all-time high. But from a short-term trader's perspective, there could be a world of difference. Two keys are the candlestick and... READ MORE
In this episode of DecisionPoint, the DecisionPoint indicators have Carl and Erin in a short-term bullish position. Watch to see why! Erin reviews the Technology sector and focuses in on Semiconductors and Software, two areas that are profiting from the current bullish bias in market. She offers up THREE Diamonds... READ MORE
On Monday, the Semiconductors ETF (SMH) cleared back over resistance from its 50-day moving average at $242.07. Additionally, the tech-heavy Nasdaq 100 (QQQ) cleared its 50-DMA. The next test is for both symbols to hold their MAs as support for Tuesday's trading session. Because both have consolidation... READ MORE
The Big Growth to Value Rotation, which has been going on for months, seems to be slowing down. NOT REVERSING, yet, but slowing down! In the RRG Long/Short baskets, we have IVE on the Long side and IVW on the Short side since September 2020. Looking at the RRG... READ MORE
The Gold SPDR (GLD) crossed above its 200-day EMA in early May and its 200-day SMA this past week. Both signals are "bullish" and point to a long-term uptrend, but tell us little regarding realistic expectations going forward. To get a better understanding, we need to know which... READ MORE
Despite intermittent hiccups in between, the past week stayed much better than expected for the Indian markets. The NIFTY not only averted the bearish consequence of the violation of the rising trend line, but it also went on to end the week while posting decent gains. As compared to the... READ MORE
I don't have to tell you it's been tough for most investors to make headway in the markets this month. We're navigating a landscape that's never before been traveled. With government stimulus triple the Great Recession and sharp economic growth with pandemic... READ MORE
This is an excerpt from today's subscriber-only "DecisionPoint Weekly Wrap": It has long been our belief that gold should be doing a lot better, considering the reckless spending and borrowing that is currently in progress. We have also believed that billions of dollars being diverted into... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen shares top candidates that are defensive, as well as recovery plays. She also highlights new areas that are reversing lengthy downtrends and, lastly, headline stocks due to report earnings next week. This video was originally recorded on May... READ MORE
The Relative Rotation Graph shows the rotation of the Invesco family of equal-weight ETFs. These sector ETFs are often used to eliminate the dominating weight of some individual stocks in specific sectors. Think AAPL and MSFT in Technology, AMZN and (to a lesser extent) TSLA in Consumer Discretionary and FB... READ MORE
The four major indices are split between two phases. The first is a bullish phase. This is created when the price of a symbol is trading over its 50-day moving average, with the 50-DMA over the 200-DMA. Both the Dow Jones (DIA) and the S&P 500 (SPY) are... READ MORE
MONTHLY RANKINGS... Major stock indexes are ending the week with little change. The Dow and S&P 500 show a modest loss while the Nasdaq is showing a minor gain. To get a better sense of what's moving the market, a look at sector rankings can offer... READ MORE
The stock market has a history of running higher in anticipation of earnings season. On the S&P 500, for instance, here are the annualized returns for the following periods since 1950: This is 71 years of daily data, which is certainly statistically relevant. I don't believe... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin review downtrend reversals taking place among many down-and-out stocks. They also share key signals that an uptrend has legs, as well as what to look out for in the way of upside resistance. This video was originally... READ MORE
A great way to keep an eye on offense vs. defense is using the Relative Rotation Graph above, which shows the three main Dow indexes against the Dow Jones Composite Average. This RRG is available from the drop-down on the RRG page under <DJ Composite 65>. As the... READ MORE
On Wednesday, the four major indices gapped lower based on the failure of the Russell 2000 (IWM) and the Nasdaq 100's (QQQ) ability to clear resistance from their 50-day moving averages. However, IWM did not reach its next support level at $211, and the QQQs were able to... READ MORE
In this edition of Trading Simplified, Dave gives you the first 9 of his 17 secrets to trading. Number one might surprise you! Dave explains that you don't need to be a genius to be a successful trader, showing how having a set of rules, along with a... READ MORE
DOW AND S&P 500 HOLD SHORT-TERM SUPPORT...Stocks opened sharply lower this morning but recovered most of their losses by day's end. One encouraging sign was that the Dow the S&P 500 found some support at their 50-day moving averages and potential chart at... READ MORE