One of the BIG improvements or advantages in ACP is the fact that I can run a scan in the side-bar, then immediately click on the symbol to bring up the chart. One of the scans that I use frequently is the 'Turtle Soup" scan on intraday data.... READ MORE
Wednesday could be a pivotal day for the market. With a gap down in the major indices, the market continued to sell-off until finding some late-day support, especially in the Dow, which closed green. A key to what happens from here over the next few days could be decided on... READ MORE
POTENTIAL BOND YIELD RESISTANCE...The recent upmove in bond yields is attracting the attention of bond and stock holders. It's obviously negative for bond prices. But it could lead to some selling of stocks if bond yields were to climb too far too fast. So let's... READ MORE
News surfaced Tuesday about stress on oil production from the recent temperature drop in the U.S. Because water is involved in oil production, it can freeze equipment, thereby halting the process. Does this mean oil will continue to increase in price from a temporary weather condition? Possibly, but, by... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after a review of last week's rotations in asset classes and sectors, I take a deep dive into the Sector Rotation Model, bringing together all different elements of the Sector Rotation Model using Relative Rotation Graphs to gauge... READ MORE
FINANCIAL SPDR HITS NEW RECORD...Energy and financials are the day's two strongest sectors. Freezing temperatures across the U.S. are pushing energy prices higher today and energy stocks along with them. Financials are also having a strong day courtesy of another jump in Treasury bond yields. Chart... READ MORE
In the venerable Click here to register in advance for the recurring free DecisionPoint Trading Room! Recordings are available! Happy Charting! - Carl Technical Analysis is a windsock, not a crystal ball. Helpful DecisionPoint Links: DecisionPoint Alert Chart List DecisionPoint Golden Cross/Silver Cross Index Chart List DecisionPoint... READ MORE
This article appeared in last weekend's ChartWatchers newsletter with the title "Sector Rotation Model Suggests Bull Market in Stocks Ongoing". As I feel that it is one of the more important/better articles showing how to use Relative Rotation Graphs in combination with other analysis techniques,... READ MORE
In 2020, Carl Swenlin developed two new indicators - the Golden Cross & Silver Cross indexes that many aren't aware of. These powerful indicators help you determine "participation" in rallies and declines within an index or sector. We can use them to determine relative strength amongst... READ MORE
A few weeks ago I wrote an article entitled "Only a Fool Tries to Call a Correction in a Bull Market, So Here Goes!" Okay, so we did get a 4% drop in the Dow over a seven day period, but hardly anything worth worrying about. It reiterated... READ MORE
Not all ETFs are created equal and the name does not always tell the entire story. One would think that the Industrials SPDR (XLI) and the Industrials iShares (IYJ) are similar in makeup and performance. This is not the case because one has a clear edge over the other. The... READ MORE
Happy Valentine's Day! The Volatility Index ($VIX) is one of the sentiment indicators that I pay close attention to. So many sentiment readings deal with "feelings", which I tend to discard. I want to know what is actually going on with THE MONEY. Don't... READ MORE
Following a strong earlier week, the previous week saw some extension of the up move as the NIFTY ended on a positive note. Most of the past five sessions saw the index trading in a capped range with limited upsides. Unlike the earlier week, which had a very wide-ranging move,... READ MORE
When we go through our quarterly portfolio "draft" at EarningsBeats.com, we take a top down approach. We first evaluate the overall market to determine if we're bullish, neutral, or bearish. Clearly, we're bullish. The S&P 500 closed at an all-time high... READ MORE
The markets are continuing to hit a new high amid stimulus hopes and a slowly improving economy. Add an accommodative Federal Reserve and the rolling out of a Covid-19 vaccine worldwide, and it's certainly easy to make a case for this bull market. Select areas are faring much... READ MORE
They say that a rising tide lifts all boats, and so it is with freely traded markets. In the boating world, you can spot a rising tide with a steadily rising boat, but, with markets, the simplest approach is to observe a series of rising peaks and troughs. However, there... READ MORE
The Economic Modern Family members are all in a bullish phase, with transportation (IYT) leading the charge. A rundown of each member shows Russell 2000 (IWM) putting in some consolidation over Monday's low of 223.40. Watching IWM instead of larger indices, like the S&P 500,... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen examines how to trade stocks that bullishly gap up and go on to greater heights. She also shares newer areas of the market that are just getting started, while also highlighting strong groups and stocks that will continue... READ MORE
If you can embrace this metaphor, consistent profits are achievable. Think of the stock market as a mythical beast that feeds on truths but its behavior is driven by rumors and beliefs. To tame this creature, your suit of armor must be woven with the finest cloth of emotional control.... READ MORE
The quarterly earnings that have poured out are utterly amazing. We're not just talking slight beats; Corporate America is CRUSHING it and the pent up demand hasn't even kicked in yet. In the meantime, the Fed is content to sit idly by with interest rates hovering... READ MORE
TEN-YEAR YIELD EXTENDS UPTREND... The uptrend in bond yields is continuing. The daily bars in Chart 1 show the 10-Year Treasury yield touching a new recovery high in today's trading. That puts the TNX at the highest level since last March. The horizontal line in Chart 2 shows... READ MORE
From time to time, I like to check the macro environment and try to see if I can find meaningful clues to draw conclusions from generally accepted theories/models. The Sector Rotation Model (From Sam Stovall's guide to sector rotation) is one of those models that I like... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen share their analysis techniques on how they determine whether the market or sector or industry group is "hot" or "cold." Erin discusses how she measures "participation" in a market move to... READ MORE
The RRG above shows the rotations for two relationships that can help you get a handle for the market as a whole: * Growth vs Value: Generally, when growth stocks are doing well and outperforming value, that is good for the market - whereas, vice versa, when value stocks are outperforming... READ MORE
With crazy market volatility and wide price swings, having a trading plan couldn't be more important for a day like Wednesday. At around 10:20 ET, the market began to sell off rapidly, turning into a large drop. Though the market rebounded, such large price swings could have... READ MORE
CRB INDEX BREAKS TRENDLINE RESISTANCE... The current rally in commodity markets is attracting a lot of attention. Not just because commodities represent an asset class that's been attracting a lot of money over the last year. But also because of their intermarket implications. Stronger commodity markets are usually... READ MORE
It's hard to believe, but our 9th quarter of Model Portfolio performance is nearing an end. Barring a last minute collapse, we will outperform the S&P 500 for the 8th time in those 9 quarters. I'm proud of the performance of all of our... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I walk you through the current rotations in asset classes and US sectors using Relative Rotation Graphs. On the weekly RRG for sectors, I note three that are rotating back into the leading quadrant. And when these sectors are outperforming,... READ MORE
The Real Estate sector (IYR) has cleared an important price level at $88.76 or the high of 11/9/2020. The real estate recovery has been slow compared to the rest of the market, which is more like a roller coaster ride at this point. However, IYR has put... READ MORE
Good money management can help you a great deal in managing portfolios. Rebalancing is a very important part of that discipline. In this article, I am reviewing the current RRG Long/Short basket, replacing XLB and FTI with EBAY and MSFT while at the same time bringing all positions back... READ MORE
I know the Gamestop (GME) craze has slowed down considerably, but short squeezes will always be in play. When a stock's float has been heavily borrowed against and borrowed shares sold, those short sellers must buy those borrowed shares back at some point down the road. And when... READ MORE
In this episode of DecisionPoint, Carl and Erin cover a wide range of subjects today, from current market conditions and the VIX to Bitcoin and Tesla (TSLA) to Natural Gas (UNG) and a Sector review. Carl discusses a group of funds that have weathered most storms and are poised to... READ MORE
Oil (USO) has blasted off with the rest of the market in the last 5 trading days. And that is after it cleared the key 50-week moving average 4 weeks ago. This bodes well for the market and economy for now, as oil signifies a economic recovery is on the... READ MORE
They say that a rising tide lifts all boats, and so it is with freely traded markets. In the boating world, you can spot a rising tide with a steadily rising boat, but, with markets, the simplest approach is to observe a series of rising peaks and troughs. However, there... READ MORE
ENERGY SPDR NEARS TEST OF JUNE HIGH...Energy stocks continue to show both absolute and relative strength. They're leading the market higher today, and have been the market's strongest sector over the last three months. And they're approaching an important test. The daily bars... READ MORE
I want you to look at a 5-year relative chart without titles and, before you look below the chart, see if you can name the industry group that's been responsible for this amazing long-term relative strength: The relative price action (vs. the S&P 500) has remained... READ MORE
Stocks are ending the week on a firm note with the S&P 500 and Nasdaq trading in record territory. The Dow isn't far behind. Small cap stocks, however, continue to lead the market higher. The daily bars in Chart 1 show the Russell 2000 iShares (IWM)... READ MORE
Today, I will weave a technical analysis tale of two sectors--one of the popular star that is beginning to lose its shine, the other about a possible Cinderella story sector. The popular star and doted-upon sector is Technology (XLK). It gets most of the love because, let's face... READ MORE
With earnings season in full swing, this is the best time to be on the lookout for the next set of winning stocks. A lengthy study conducted by Bill O'Neil uncovered the fact that strong earnings are the number one driver of stocks that go on to experience... READ MORE
While the overall market was working its way to new highs, the entire investing world (and many who had never been involved in the market before) was tuning in daily to see what the price of Gamestop (GME) was. A stock that was trading at just over $19 a share... READ MORE