On this edition of StockCharts TV's Sector Spotlight, I start the month with an overview of rotations in asset classes and sectors last week using Relative Rotation Graphs. The main theme remains intact; the stock market is in a long-term uptrend and stocks continue to outperform bonds. However,... READ MORE
NASDAQ BACKS OFF FROM PREVIOUS HIGH... Chart 1 shows the recent rally in the Nasdaq Composite meeting new selling near its mid-February peak which was the first warning that its uptrend might be losing upside momentum (red line). Today's lower gap confirms the idea that a short-term top... READ MORE
On Monday, the transportation sector (IYT) closed the day +1.4%, along with the Retail sector (XRT) also performing well, up +2.11%. These two sectors are currently attempting to lead the market higher, but are having trouble getting other members of the Economic Modern Family to join in. The... READ MORE
In this episode of DecisionPoint, Carl starts off by discussing outrageous market valuations and giving his thoughts on Gold and Gold Miners, as well as the Dollar, Treasury Yields, Crude Oil and the Bonds. Erin alerts viewers to new Price Momentum Oscillator (PMO) SELL signals on three major indexes. There... READ MORE
In a week where the trading range remained wider than usual, the Indian equities took a serious cut on the Friday's session; however, they managed to close the week on a positive note. In the previous weekly note, it was mentioned that the NIFTY was trading inside the... READ MORE
It very well could be. In my Daily Market Report (DMR) to EarningsBeats.com members on Thursday, I discussed this very possibility. I do not believe we're at any MAJOR top, but our major indices have had a significant "pre-earnings" run higher since late March and... READ MORE
Last month, we recognized a bearish divergence on the chart of the 10-year Treasury Yield ($TNX). Soon after, bond prices rallied, pushing interest rates down to an ascending 50-day moving average. Now that this pullback has completed, we're seeing signs of rising rates, which has ripple effects for... READ MORE
Last Thursday, the S&P 500 (SPY) and the Nasdaq 100 (QQQ) tested new highs and then gapped lower on Friday, showing that the market still had some overhead resistance. Driving reasons could be related to fears of inflation raising, as the U.S pushes to take on more... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen highlights the best ways to take advantage of companies responding to strong earnings. She also shares recovery plays as the U.S. economy continues to reopen amid strong consumer confidence This video was originally recorded on April 30th,... READ MORE
We've all heard the saying, "Sell in May and Go Away." This describes a phenomena that implies that investors, in preparation for summer, will sell in May and then take a break from the market over the summer. If only it were that easy! 2020 was... READ MORE
Last week was chock-full of blockbuster earnings reports, including AAPL, AMZN, FB, GOOGL and MSFT. Together, those five companies have a combined market cap of over $8 trillion. That's a lot of earnings fire power! Overall, the five companies in total had superb earnings including top line, bottom... READ MORE
The long-term trend for the Semiconductor ETF (SMH) remains up, but the ETF is coming under some selling pressure and underperforming the broader market. While this is not enough reason to turn long-term bearish, it does increase the odds of corrective period in the coming weeks. First, let's... READ MORE
Welcome to a virtual SWAT team of elite charts and essential organized routines. This Stock Market Mastery ChartPack is now 15 years in existence. Eight years ago we made it available to the public but prior to that, I used it in my college investment courses. The point being, that... READ MORE
AMAZON RALLIES ON STRONG EARNINGS... Amazon was the last of the big five tech stocks that reported earnings this week. And it reported strong quarterly profits as did the other big tech stocks. Of those four, Facebook and Alphabet gained ground while Apple and Microsoft pulled back on the strong... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin review stocks that have had explosive moves after reporting strong earnings. From there, they share how to pinpoint upside potential, as well how to use a pullback for entry points. This video was originally recorded on April... READ MORE
I look at hundreds of charts every single day. Every once in a while, I come upon a chart that I feel should be in future textbooks on technical analysis. One chart that seems to provide a perfect example of best practices in price analysis and investor behavior. This week&... READ MORE
Looking at the 3D visualization for US sectors going into May, one sector stands out negatively. That sector is Financials, the fourth largest sector at ~11% of market cap. For May and June, the historical record is that the Financial sector outperforms the S&P 500 only 35% of... READ MORE
The first half of Wednesday saw minimal movement in the major indices, due in large part to the anticipation for the FOMC minutes that were later released at 2pm ET. However, like the prior FOMC report, it stuck to the same slate of ideas. Interest rates will stay near zero... READ MORE
This week, three of the major indices, including the Nasdaq 100 (QQQ), Dow Jones (DIA) and S&P 500 (SPY), have been lingering near highs without the ability to break out. However, food commodities, such as corn (CORN), sugar (CANE), soybeans (SOYB) and more, have seen a consistent rise... READ MORE
TESLA DROPS AFTER REPORTING RECORD EARNINGS... How stocks react to earnings reports often tells us something about their technical condition. Tesla (TSLA) is a good example. Two weeks ago I showed Tesla rising decisively above its 50-day moving average which suggested that the stock might be bottoming. That interpretation is... READ MORE
It's all about tails on this edition of StockCharts TV's Sector Spotlight. For the last Tuesday of the month, I examine the seasonal patterns for sectors and compare them to the current rotations on Relative Rotation Graphs. Five sectors are worth a further investigation based on... READ MORE
On Sunday, we concluded that if most of the major indices could clear to new highs, along with the Russell 2000 (IWM) breaking out of resistance from $226.69, the market had the potential to make a powerful move up. However, while none of the indices broke out to new... READ MORE
In this episode of DecisionPoint, Erin takes the wheel and steers us through the broad market using "participation" as her guide. She details what "participation" means and how DecisionPoint indicators measure it. The market still is showing strong participation with price, but not momentum. The Dollar... READ MORE
The Fed has pumped a lot of money into the system -- and that liquidity has to go somewhere. We know a lot of it has already been flowing into stocks. Now it looks like it's time for commodities to participate. So much money, combined with bottlenecks in... READ MORE
A DecisionPoint IT Trend Model (ITTM) BUY signal is generated when the 20EMA crosses up through the 50EMA, what we call a "Silver Cross." A few years ago we developed the Silver Cross Index, which tracks the percentage of stocks in a given index that have a silver... READ MORE
The S&P SmallCap 600 SPDR (IJR) and Russell 2000 ETF (IWM) are lagging the market, but they are still in uptrends and the noose is tightening. Today we will look at the volatility contraction in IJR and the loss of trend in IWM, and then show what to... READ MORE
Right now, we're seeing dozens of companies report quarterly results each day. That's going to change this week as hundreds of companies get set to report earnings every day. How can you keep up with all of it? Well, StockCharts.com's platform provides the... READ MORE
Once a previously-leading stock begins a journey to the downside, you want to be careful pulling the buy trigger too soon. These downtrends can last awhile, so expecting a quick recovery and buying a pullback can create a lot of short-term pain in your pocketbook. The better option is to... READ MORE
In a week where the trading range stayed narrower than the earlier week, the Indian equities saw a corrective decline. The current week was also a truncated one with just four trading sessions. The headline index saw itself oscillating in a 375-point range. Though the range stayed less wide, the... READ MORE
Over the long haul, earnings and Fed policy have more to do with stock market direction than anything. Focus on these two and you'll be just fine. Tune everything else OUT. President Biden's possible tax hike on capital gains was a problem..... for an hour on... READ MORE
Next week, in a speech to Congress, Biden is likely to detail the tax plan he outlined during his campaign. Reports suggest that the capital-gains tax rate on people earning more than $1 million a year would increase from 20% to 39.6%. That would be the highest tax rate... READ MORE
The Russell 2000 (IWM), Nasdaq 100 (QQQ), Dow Jones (DIA) and S&P 500 (SPY) all have the potential to make large moves Monday, if they clear their resistance levels together. This month, the SPY, QQQ and DIA were able to make substantial gains. Currently, they sit close to... 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
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