Lockheed Martin (LMT) announced in December the acquisition of Aerojet Rocketdyne Holdings (AJRD) for $56 per share. From a Wyckoff perspective this appears to be a great deal for LMT. The Point and Figure chart indicates that Lockheed management knew they were purchasing an undervalued company. We typically think of... READ MORE
Chennai Petroleum Corp. Ltd -- CHENNPETRO.in The long-term weekly chart of this stock offers some good classical ingredients in it: it hints at a potential bottom in place and a probable trend reversal going ahead from here. The stock peaked near 480 in late 2017 and, ever since, has... READ MORE
In a relatively very stable week, the Indian equity markets continued with their up move and have ended yet another week with gains. The volatility that was witnessed in the week before this one was absent. Instead of a wide 700-point wild move that was witnessed, the past five days... READ MORE
The catalyst for this blog is the new Stock Market Wizards book that happily appeared under my Christmas tree last week. When I opened this gift, I was in the midst of doing my own annual page-by-page review of my personal Traders Journal for the year 2020. Putting that aside,... READ MORE
This article is about using charts in different time spans to gain a better perspective on an individual stock or any other market. I'm using copper producer Freeport McMoran (FCX) to make that point. I'm picking that stock because it's Wednesday's biggest... READ MORE
Happy New Year! The S&P 500 closed the year at a new high in price despite record new COVID-19 cases worldwide. A new, more contagious variant of the virus is also being ignored as investors are instead focused on an economic recovery buoyed by the rollout of vaccines.... READ MORE
In this special workshop from StockCharts TV'sThe MEM Edge, Mary Ellen shares the best technical indicators to signal whether your stock is simply pulling back or headed into a downtrend. She also presents the ideal buy point for when your stock recovers from a pullback, as well as... READ MORE
Happy New Year! Many market pundits view every year in the stock market exactly the same. I do not. I believe there are "big picture" headwinds and tailwinds that impact the stock market in much the same way as currents impact fish attempting to swim upstream vs. downstream.... READ MORE
My first article for the Chartwatchers newsletter going into the new year... 2021!! First of all, I wish all readers and watchers of Sector Spotlight a very happy and, above all, healthy new year. That "Healthy" part all of a sudden has gotten a whole new meaning after... READ MORE
In this remastered Chartwise Women archive workshop, Erin and Mary Ellen discuss the use of chart patterns in your trading decisions or as ways to add another dimension to your analysis. They look at some popular patterns that worked and some that did not work. Chart patterns can show you... READ MORE
The end of the year tends to provide the perfect opportunity to reflect, renew and refocus. Hopefully, you've taken advantage of the Reflections 2020 specials on StockCharts TV, including my session on the Ten Questions You Should Ask Yourself at Year End! I was asked recently by my... READ MORE
Last month, the gold price slipped down very closely towards its 12-month MA. This is not a perfect indicator, but most downside penetrations are followed by bearish action, so you could say that gold is at the crossroads. Chart 1 tells us that prices have bounced a bit since then,... READ MORE
FREEPORT MCMORAN HITS NEW 52-WEEK HIGH... This article is about using charts in different time spans to gain a better perspective on an individual stock or any other market. I'm using copper producer Freeport McMoran (FCX) to make that point. I'm picking that stock because it&... READ MORE
I frequently use the word "tortured" when discussing gold because so much of the time any progress it makes comes with great pain and suffering. In August GLD broke above the resistance line drawn across the 2011 price top. It was a decisive break, meaning that the breakout... READ MORE
Candlestick charting can be very useful if you're a short-term trader, especially when you see a reversing candle at key price support or resistance. Yesterday, we saw a dark cloud cover candle form on more-than-average volume, suggesting to me that AAPL may have topped near-term. Make no mistake,... READ MORE
Strength picks up in Food commodities as securities struggle amid final stimulus negotiations. It is now in the Senate's hands to pass or decline the $2000 dollar stimulus checks; a large amount compared to the original $600 proposed in the bill. This looks to be the final hold-up... READ MORE
RUSSELL 2000 ISHARES WEAKEN...Stocks are having trouble holding onto today's intra-day records. Small caps in particular are showing some new signs of weakness. The daily bars in Chart 1 show the Russell 2000 iShares (IWM) trading lower for the third day in a row. Of more concern... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I work my way down the investment pyramid and show how I use RRG as a tool to get from Asset Allocation all the way down to individual stocks to build a portfolio. You should be able to pick and... READ MORE
Consolidation requires patience and anyone that's owned AMZN during the 4th quarter knows what I'm talking about. Since September 30th, the S&P 500 has gained more than 10%, while AMZN has flat-lined. Many will view this relative weakness as a signal to avoid AMZN... READ MORE
With another short trading week, it's best to stay cautious, as price action can get wacky towards the year's end. Fund managers will rebalance their portfolios by selling losers and replacing them with strong performers to spruce up the look of their portfolio before the fourth-quarter... READ MORE
In this special DecisionPoint workshop, Erin discusses what components are needed on your charts to give you the entire picture of a stock, ETF or index. After examining these components, she pulls her default charts up and explains where and how each of these components contribute to tight analysis. Did... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I interview Charles Brown of CB3 Financial. Charles is an early adopter and long time user of Relative Rotation Graphs, which he actively promotes and uses in the investment process that he uses to manage his client portfolios. This video... READ MORE
In the recent weekly notes, we had mentioned the markets getting overstretched and overextended over the immediate short term. It was a matter of concern, as any form of a consolidation or corrective move stood imminent; the absence of either was making the present uptrend highly risky and unhealthy. On... READ MORE
Tuesday's message used hourly bar charts to show the three major stock indexes holding short-term support levels. Wednesday's daily bars show stocks continuing to stay above their green 20-day moving averages. They're usually the first line of support on market pullbacks. Ten of eleven... READ MORE
(This is a reprint of the subscriber-only "DecisionPoint Alert" article from 12/22/2020. Merry Christmas & Happy New Year to all from Carl & Erin Swenlin) One of the ways we measure market bias is by looking at the histograms of the Swenlin Trading Oscillators (STOs) and... READ MORE
A lot of traders opt for individual stocks when looking for outsized gains. But ETFs can produce great gains as well if you are able to identify which ones are poised to rise. As an example, take a look at the chart below on the Clean Energy ETF, PBW. As... READ MORE
Way back in early September, a time long long ago, tech-related ETFs were leading the market and recording new highs. The Software ETF (IGV), Cloud Computing ETF (SKYY), Cyber Security ETF (HACK), Internet ETF (FDN) and Semiconductor ETF (SOXX), among others, were up 75 plus percent from late March to... READ MORE
I'll be candid with you about my portfolio performance if you'll agree to be candid about yours. This is the time of year when I subscribe to the routines outlined in Stage 10 of our book, Tensile Trading. The section entitled "Revisit, Retune, Refine"... READ MORE
While Brexit settled, stimulus checks in the US were debated and Alibaba got their hand (stock) slapped, a few other events that did not make headlines occurred. First, corn, soybean and sugar futures all advanced to new multi-month highs. Secondly, as if without a care in the world, junk bonds... READ MORE
As the media focuses on a worsening situation with a new variant of the virus, Mish's Economic Modern Family shows that not all is doom and gloom. Grandad Russell 2000 (IWM) is sitting right under all time highs of 197.83. The small cap sector continues to shine... READ MORE
20-DAY AVERAGES ARE HOLDING... Yesterday's message used hourly bar charts to show the three major stock indexes holding short-term support levels. Today's daily bars show stocks continuing to stay above their green 20-day moving averages. They're usually the first line of support on market... READ MORE
Into the lagging quadrant on the RRG and to the short side of the RRG Long/Short baskets. Before diving into the PG chart, let's go over the current symbols on both lists. At the moment, both the Long and the Short basket have six names in them.... READ MORE
The global business cycle is nothing more than a chronological sequence of economic and financial market turning points. One of these involves a bottoming of commodity prices, as a new bull market gets underway. That reversal occurred several months ago and has recently been confirmed by numerous long-term indicators. That... READ MORE
STOCK INDEXES HOLD SHORT-TERM SUPPORT... The Dow and S&P 500 have spend the past the last couple of weeks consolidating within existing uptrends. And they've managed to hold onto their existing uptrends. The hourly bars in Chart 1 show yesterday morning's pullback in the... READ MORE
In these holiday shortened weeks volatility could be the central story of the stock market indexes. Empty trading desks and light volume make it easier for markets to get pushed around. The emergence of a potential new strain of COVID-19 in England has kicked off this weeks market excitement. The... READ MORE
Are you a trader or an investor? Do your trade frequently or are you a "buy and hold" investor? In this special DecisionPoint workshop, Erin discusses specifically which charts and indicators to use for the short-term trader, intermediate-term investor and long-term buy-and-hold investor. Can an investment have a... READ MORE
As investors review the performance of stocks in 2020, e-commerce names like AMZN and SHOP exemplify the transition from brick-and-mortar stores to an online shopping experience. In the new year, potential stimulus packages and a rollout of the coronavirus vaccine should allow consumers to go back to old habits of... READ MORE
When I speak to anyone about ETFs, the conversation nearly always revolves around performance. I'm not saying that performance isn't important. Ultimately, it's what we all look at. But I'm surprised that many ETF investors have no plan. They hear about this... READ MORE
Take Solutions (TAKE.IN) The study of both Daily and Weekly timeframes presents a few interesting insights. The patterns appearing on both the timeframes are fractal. The area pattern that appears on the Daily timeframe is also present on the weekly charts. The RSI on the weekly chart has broken... READ MORE
Over the past five days, the Indian equities continued with their measured up move and went on to pile up some more incremental gains. After some brief consolidation in the beginning of the week, the NIFTY went on to mark fresh lifetime closing highs each day as the liquidity continued... READ MORE