The NASDAQ Composite peaked on February 16, sold off and subsequently rallied back to the February high last week. Chart 1 shows that it just missed the earlier peak by a smidgen, whereas the NASDAQ 100 (in the lower window) did marginally take out its February high. Taken together, the... READ MORE
Another wild ride in crypto space this week. Bitcoin dropped almost 10% in value against the US Dollar in the past five days, while market darling DOGE lost a whopping 27%, as did TRON, Bitcoin SV, EOS and a few other major coins. If you are ever looking for action,... READ MORE
It's been a heavy earnings week, with many stocks gapping higher or lower based on investors' reactions to their quarterly results. With two particular stocks, AT&T (T) and Netflix (NFLX), this week was less about their ability to grow earnings and more about their potential... READ MORE
TEN-YEAR TREASURY YIELD TESTS 50-DAY AVERAGE... The decline in bond yields over the last month has helped boost stock prices, and technology stocks in particular. Chart 1, however, shows the 10-Year Treasury Yield testing its 50-day moving average. The major trend of bond yields remains higher with expectations for higher... READ MORE
Campaign Investing is a specialized process. The tools of the Wyckoff Method are very adaptable to the practice of Campaigning. Wyckoff is fractal, working effectively in multiple timeframes. In the case of Campaigning the longer time periods are evaluated. The goal is to identify the pre-conditions to the emergence of... READ MORE
If you held Skechers (SKX) into its quarterly earnings report, which was delivered after the bell on Thursday, congratulations! It was truly a blowout report, like so many others. Wall Street, however, has chosen to reward SKX and its shareholders with the stock up more than 16% at last check.... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin review the recent move back into riskier Biotechs and Small Caps. They also share how you can uncover top candidates as they reverse their downtrends, while also revealing their top picks. Finally, the pair look at top... READ MORE
Currently, two sectors stand out on the Relative Rotation Graph for sectors -- Industrials and Materials. Both tails are pushing further into the leading quadrant after a rotation through weakening and back into leading. Such a rotation usually signals a new up-leg in an already established rising relative trend. If... READ MORE
The NASDAQ Composite peaked on February 16, sold off and subsequently rallied back to the February high last week. Chart 1 shows that it just missed the earlier peak by a smidgen, whereas the NASDAQ 100 (in the lower window) did marginally take out its February high. Taken together, the... READ MORE
On Wednesday, the major indices along with key sectors held pivotal support areas. In the chart above, we can see that the small-cap index Russell 2000 (IWM) has put in some work to create a head-and-shoulders chart pattern. A head-and-shoulder pattern has 3 peaks, with the outside two being close... READ MORE
DOW AND S&P 500 MAINTAIN UPTRENDS... Stocks snapped a two-day losing streak today and are maintaining their current uptrend. Chart 1 shows the Dow Industrials trading well above their 20-day moving average which keeps their short-term uptrend intact. Chart 2 shows the S&P 500 doing the... READ MORE
In this edition of Trading Simplified, Dave shows you how to find hot IPOs to trade; not so much finding the right one right now, but how to find them and what to look for. He also shows you two of his favorite patterns for trading IPOs. He continues his... READ MORE
On Tuesday, the transportation sector closed green on the day, while the rest of the Economic Modern Family closed red. The most prominent break of support came from the Russell 2000 (IWM) and the Regional Banking sector (KRE). IWM fell under support at $218, while KRE fell below its 50-day... READ MORE
It's all about tails on this edition of StockCharts TV's Sector Spotlight. After a short look at last week's rotations for asset classes and sectors, I dive into the meaning of the tails on the Relative Rotation Graphs. What do they represent? How to... READ MORE
Although every member of the Economic Modern Family closed down on Monday, none broke their major support areas. Here is a quick rundown of where each member's closest support level is. First, we have the Russell 2000 (IWM), with support from the low of its current range at... READ MORE
In this episode of DecisionPoint, Carl opens today's show by making a sobering comparison between Stock Fund money inflows of last 5 months versus the last 12 years. Get Carl's take on current market conditions and an in-depth look at the Silver Cross Index for the... READ MORE
Trend following can offer benefits as an investing approach even when not generating positive returns. Sometimes the benefit comes from not losing, or not losing as much as other investment approaches; other times the benefit comes from allowing you to sleep more soundly at night, as selling out of equity... READ MORE
Earnings season is underway and if the first few days are any indication, we're going to see a LOT of blowout numbers. Just since Wednesday, we've seen a couple dozen companies trounce Wall Street consensus estimates. One of the best earnings reports that I've... READ MORE
Over the past four trading sessions, the Indian equities continued to relatively underperform their global peers and ended the week on a modestly negative note. The previous week was a truncated one, as Wednesday was a trading holiday. The NIFTY had a similarly wide trading range as it oscillated in... READ MORE
Last Wednesday, Mish went live on Fox Business' Making Money with Charles Payne and gave out a very bold pick. Or, at least bold in the eyes of the general populace, as most of the media's coverage has focused on big tech and the Crypto space. Having... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen highlights one of the biggest growth areas in the market. She also reveals other industries benefiting from this growth as well. This video was originally recorded on April 16th, 2021. Click on the above image to watch on... READ MORE
Over the last six weeks, we've seen a dramatic reversal from a rising rate environment to a falling rate environment. While this rotation makes perfect sense from a technical perspective, the fact that the ten-year yield has come down in the face of strong economic data this week... READ MORE
I previously talked about Energy (XLE) being at a possible pivot point on Tuesday. It rallied strongly, leaving us with many potential choices for possible trades. Given the breakout in Crude Oil, one of the charts that I was drawn to on Wednesday was Natural Gas (UNG). Carl and I... READ MORE
The DB Base Metals ETF (DBB) is breaking out of a bullish continuation pattern after a Bollinger Band squeeze and this signals a continuation of the long-term uptrend. The first chart shows the DB Base Metals ETF (DBB) with Heikin-Ashi candlesticks in the top window and normal candlesticks in the... READ MORE
Some traders focus all of their time, capital and attention on individual stocks. This can be a double-edged sword. On the one hand, focusing on individual stocks can produce outsized gains. But, of course, the opposite is also true; a trade gone bad on an individual stock can be financially... READ MORE
UTILITIES ARE WEEK'S STRONGEST SECTOR...Chart 1 ranks the week's eleven S&P 500 stock sectors and shows ten of them in the black for the week. Only Communication Services are seeing a small loss. Some other laggards include industrials, financials, and energy. What may... READ MORE
A frightening statistic from American Express several years ago found that over 90% of couples consistently defer ever talking about money matters with themselves and their kids. They come up with any manner of reasons not to discuss what is crucial to their lives and their futures. My belief is... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen talk about the concept of "participation" within a sector - finding the sectors where the industries and stocks within are participating. The pair share their favorite sectors and industry groups to locate the stocks that... READ MORE
The Dollar Index has been rangebound since 2015. During that period, it has experienced two mini bull and bear markets, as flagged by the dashed arrows in Chart 1. The latest bear has been in force for just over a year, as signaled by the Index trading below its 12-month... READ MORE
Developments in the technology sector keep me busy, but above all alert. First of all it's the biggest sector in the S&P 500 and therefore by default an important one to watch. Primarily because you need a lot of power to push the S&P... READ MORE
On Tuesday, we talked about the Coinbase (COIN) public listing and how waiting for the dust to settle would be a good plan, as there is no prior price action or history to base projections from a technical standpoint. The plan turned out to be correct, as Coinbase's... READ MORE
DOLLAR INDEX BACKS OFF FROM 200-DAY LINE...A rebound in the dollar during the first quarter may have run its course. Chart 1 shows the Invesco Dollar Index Fund (UUP) falling back below its 200-day moving average and threatening its 50-day line. What the dollar does from here could have... READ MORE
In this edition of Trading Simplified, Dave continues to show his methodology in action. It's important to stick with what's happening in methodology and current markets. Dave has 2 new IPO Mystery Charts and covers Alt-Coins in the "Profit Center" segment. He also showcases... READ MORE
The Nasdaq 100 (QQQ) has made new all-time highs on the heels of Coinbase's direct listing on April 14th. Coinbase is currently the most popular exchange for buying crypto and has attracted a large amount of popularity and hype before it releases, as market analysts throw out wildly... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I look at last week's rotations for asset classes and sectors and review the daily rotations on the Relative Rotation Graph in combination with the weekly picture, aligning these with the current trends on the price charts. Caution... READ MORE
TESLA TURNS UP... Tesla is the day's biggest percentage gainer in the S&P 500 and the Nasdaq 100. It's also the day's strongest stock in the Consumer Discretionary SPDR which is itself hitting a new record. And it's chart is... READ MORE
Earlier today in Sector Spotlight, I discussed the various stocks inside the Long/Short baskets as I show them from time to time. The two RRGs above show both baskets as they currently are after the updates in Sector Spotlight. Long On the Long side, I removed EBAY and replaced... READ MORE
I'm not a big fan of catching a falling knife. And right now, Plug Power (PLUG) is more like a machete. But there are both short-term and long-term reasons why we could see a major bottom print on its chart. Let's start with the technical long-term... READ MORE
On Monday, the Economic Modern Family, which consists of 1 index and 5 key sectors, showed mixed signals as half of the Family closed down for the day. Currently, the Russell 2000 (IWM), Biotech (IBB) and Semiconductors (SMH) are down with Transportation (IYT), Retail (XRT) and Regional Banks (KRE) up... READ MORE
In this episode of DecisionPoint, Carl and Erin thoroughly review market price action and indicators in all timeframes. Carl spends some time discussing his sector chart annotations spotlighting Communications (XLC) and Technology (XLK). Of particular concern are the Swenlin Trading Oscillators, short-term indicators that have been quite prophetic at market... READ MORE