In this episode of DecisionPoint, Erin flies solo and gives us an in-depth market review of the SPY, The Big Four (Dollar, Gold, Crude and Bonds) and a thorough sector review. As part of the sector review, she demonstrates how she mines for her "Diamond of the Week."... READ MORE
Last Friday, the Russell 2000 (IWM) index and Semiconductors (SMH) cleared their 50-day moving average. From a technical standpoint, this looked as though the rally would continue into Monday. At least, that is what traders/investors were hoping for when they bought near Friday's close. Monday's... READ MORE
Growth stocks have been hammered on both an absolute and relative basis over the past several weeks, but as we move into earnings season, should we pay attention to rising AD lines? The accumulation/distribution line, developed by Marc Chaikin, doesn't really look at whether the stock is... READ MORE
Dozens of high flying stocks and ETFs are down double digits from their February highs, but chartists should put these declines into perspective when analyzing the charts. The ARK Innovation ETF (ARKK), the Clean Energy ETF (PBW) and the Solar Energy ETF (TAN) declined over 30% from their February highs... READ MORE
The previous five days of the week were spent in a broad range, where the markets remained in wide-ranged consolidation and ended the week on a modestly negative note. The NIFTY oscillated in an over 600-point range just like the week before, staying predominantly in a corrective mode -- except... READ MORE
Have you ever noticed that top-performing stocks travel in groups? Just look at last year's biggest winners out of the bear market, where Technology stocks far outpaced the markets. Within Technology, many out-performers were Cloud Computing related stocks. Software companies that helped corporations store large amounts of accessible... READ MORE
I'm sure that most of you have heard that old Wall Street adage "buy on rumor, sell on news." Well, it's never truer than with earnings. Wall Street meets with management teams prior to the end of the fiscal quarter and gathers a lot... READ MORE
Relative strength is one of the most important parts of my technical toolkit. Basically, the idea is to lean into stocks that are working and lean away from stocks that are not working. If that sounds easy, simple and straightforward, that's because it is! This week, I noticed... READ MORE
It's never a good idea to try and predict contra-trend moves in a strong equity bull market, because the benefit of the doubt always goes with the prevailing trend. If false moves develop, they have a strong tendency to develop on the downside. That said, several key indexes... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reveals the "Anatomy Of A Downtrend Reversal" with tools to help spot when it's safe to get back into a stock that's pulled back. She also shares top turnaround candidates in each... READ MORE
Mish's Economic Modern Family is made up of 5 key sectors and 1 index. Each member has been specifically chosen to help investors/traders navigate the market by giving an easy way to see emerging trends and important price levels. The Family consists of: * Granddad Russell 2000 (IWM)... READ MORE
There is no doubt about it; Tech(nology) is an important sector. As a matter of fact, it is a crucial sector. At 26% weight inside the S&P 500 index, technology is twice as big as the next biggest sector -- Health Care at 13% -- and number... READ MORE
I just revisited the past 30 years of my trading journals. The objective of my little research study was to investigate whether there was a discernible correlation between my actual annual investment performances and if they were impacted by what I'll label as my "personal annual equilibrium... READ MORE
MATERIALS NEAR RECORD... In a generally positive market day, materials are one of the days strongest sectors. Chart 1 shows the Materials Sector SPDR (XLB) gapping higher and nearing a new record. It's being led higher by aluminum and steel stocks which are also having a strong day.... READ MORE
In this special presentation, Larry goes "way out on a limb" and gives a market forecast based on the tools he trusts and wants to share with you. So how can we see the future? Through seasonals, cycles, intermarket relationships, technical strength/weakness and, economic data. This video... READ MORE
The Dow theory is more than 100 years old, but still holds value today. Sometimes simple things can help you paint a clearer picture for yourself. One of the principles of the Dow Theory is that "Indices Must Confirm Each Other." Basically, this means that signals or trends... READ MORE
It's never a good idea to try and predict contra-trend moves in a strong equity bull market, because the benefit of the doubt always goes with the prevailing trend. If false moves develop, they have a strong tendency to develop on the downside. That said, several key indexes... READ MORE
On Wednesday, the Russell 2000 (IWM) confirmed a cautionary phase change, with a second close under the 50-day moving average. A cautionary phase is defined by current price sitting under the 50-DMA, with the 50-DMA over the 200-DMA. Both IWM and Nasdaq 100 (QQQ) are in cautionary phases. This is... READ MORE
Flying has been described by pilots as being hours of boredom punctuated by seconds of sheer terror. Attention to detail during the boring hours can possibly reduce the number of terrifying seconds one may be forced to endure. Market analysis requires the same attention to detail, scanning the same set... READ MORE
In this edition of Trading Simplified, Dave continues his discussion "If I Can Do It, So Can You" and shows you some simple things he does and how he does them. This includes "Letting The Ebb & Flow Control Your Portfolio." Also, Dave shows some new... READ MORE
THE NASDAQ MARKET REMAINS ON THE DEFENSIVE...The Nasdaq market remains on the defensive. Chart 1 shows the Invesco QQQ Trust meeting resistance at its 50-day average. That's mainly because of weaker tech stocks. Chart 2 shows the Technology SPDR (XLK) trading below its 50-day line as well.... READ MORE
The two RRGs above show the long positions in the RRG L/S basket on the left and the short positions on the right. Going over these rotations, combined with the recent performance (dropping around 4% in a few days), two tails stood out. On the long side, we have... READ MORE
Last week, I spent a lot of time on answering a question from the mailbag. This week is all about charts! In this edition of StockCharts TV's Sector Spotlight, I starting with a look back at the rotations as they unfolded in various asset classes and US sectors.... READ MORE
On Tuesday, the Nasdaq 100 (QQQ) came close to clearing the 50-day moving average at $321.08. This was the second attempt to clear this moving average, with the first attempt happening last week. Though the QQQs were unable to hold over the 50-DMA, they were able to hold over... READ MORE
Every last Tuesday of the month in Sector Spotlight, I review the seasonality for US sectors and try to match the historical performance with the current performance as it is playing out on the Relative Rotation Graph. For March (see episode 68, "Seasonal Surprise for XLRE"), the Real... READ MORE
The NASDAQ has been the unwanted third wheel the past month or so as the Dow Jones has moved above 32000 and 33000 and the S&P 500 has approached 4000. Of course, it's all about perspective and the NASDAQ has been the leader since the pandemic... READ MORE
Last week, increasing bond yields had the market worried. Come Monday, the 20+ year treasury bond ETF (TLT) gapped higher and ended the day up 1.12%. This fared especially well for growth stocks as the Nasdaq 100 (QQQ) tests resistance from the 50-day moving average. But what was the... READ MORE
While the markets were being pushed around last week amid surging interest rates and mixed economic data, a well-known delivery company gapped up in price Friday on very heavy volume. This breakaway gap is a classic breakout that often leads to further upside. DAILY CHART OF FEDEX CORP. (FDX) Typically,... READ MORE
From a short-term trading perspective, options expiration presents a host of opportunities. The market makers were at it again this week, looking under every seat cushion for a few extra bucks. The key is to beat them to the seat cushion. Let's rewind to our EarningsBeats.com March... READ MORE
After being heavily spooked by rising bond yields and strengthening the US dollar in consequence, the Indian equity markets remained weak throughout the week, barring the last day where it saw some technical rebound from the short-term oversold levels. The NIFTY moved in a wide 700-point range and, if looked... READ MORE
I wrote about the Biotech ETF (IBB) on February 28th as it pulled back from a new high. The pullback was viewed as a correction within the bigger uptrend, but the correction extended further than expected. At the time, I drew a falling wedge on the chart and marked resistance... READ MORE
Today, the weekly PMO crossed below its signal line, which hasn't occurred since the early 2020 bull market top. The chart isn't all bad given the positive RSI and rising OBV. However, this signal should be heeded; they don't happen often and they usually... READ MORE
Williams Sonoma, Inc (WSM) reported their earnings this past week and proved that, even in a choppy market environment, strong earnings can be rewarded. In fact, look at the chart below, which shows the stock spiking a nifty 30% in just two days as traders cheered their performance. WSM had... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews newer areas that are under accumulation as corporate spending is picking up. She also shares attractive stocks within those groups. High inflation and stocks that benefit are also discussed. This video was originally recorded on March 19th,... READ MORE
The easy answer to this question is if you do not know what to do, you should probably do nothing. But it gets more complicated if you do not know why you should be doing nothing. No one likes to feel as though they are missing out on profits by... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin share ways to easily capture areas of relative outperformance with an eye toward continued upside. They also present their favorite groups, as well as individual stocks, following a review of the broader markets. This video was originally... READ MORE
10-YEAR YIELD SPIKES HIGER... Bond yields continue to spike higher. Chart 1 shows the 10-Year Treasury yield jumping 9 basis points to 1.73% which is the highest level in fourteen months. That's helping lift financial shares, but weighing heavily on technology stocks. As a result, the Nasdaq... READ MORE
I started at the Market movers (%up) widget for Dow Jones stocks on my dashboard for today's chart(s). When I requested the RRG for these ten stocks, the RRG below showed up. These then stocks are all moving higher today, but their relative trends differ significantly, as... READ MORE
On Wednesday, the Federal Reserve stated that interest rates will continue to stay close to zero, along with a new estimate for the unemployment rate down to 4.5% instead of 5% for the year. Additionally, the GDP estimate was revised to +6.5% from +4.2% for 2021. Many... READ MORE
MARKETS REBOUND... Stocks rebounded following today's dovish Fed statement. In addition, the 10-Year Treasury yield pared some of its earlier gains. Charts 1 and 2 show the Dow and S&P 500 touching new records. Chart 3 shows the Nasdaq Composite trading back above its 50-day moving... READ MORE