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
The broader markets are in an upward trending phase with positive news of a COVID vaccine helping investors to look past a steady uptick in virus cases. To be sure, the markets are forward-looking, and the likely prospect of a partisan split Congress, coupled with steady reports that point to... READ MORE
Years ago, before online charting platforms were widely available, technicians resorted to chartbooks published on a weekly or monthly basis and received days later in the snail mail. Using their long-term perspective helped a lot of us to appreciate that surpassing Dow 1,000 (see Chart 1) was a really... READ MORE
Friday was triple witching day, meaning that stock options, stock index options and stock futures contracts were all due to expire. This happens four times a year and can lead to increased volume, as money is moved around resulting in sometimes unusual (or spooky) price action. The S&P... 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
Over the last weeks, the Communication Services sector continued to improve and recently moved back into the leading quadrant after rotating through weakening and, very briefly, through lagging. This rotation, especially the increase in RRG-Velocity (the distances between the week-to-week observations), make XLC an interesting sector to keep your eyes... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen showcases stocks with very attractive charts and strong growth prospects that are poised to trade higher. She also shares a before-the-open event that's having a positive impact on select names, as well as ways to capitalize... READ MORE
If you have attended the free DecisionPoint.com Trading Room or you are a DecisionPoint Diamonds Report subscriber, you'll know that I have been very bullish on renewable energy stocks since the beginning of autumn. While they can be very volatile, overall they are an industry group that... READ MORE
Since the March lows, the NASDAQ has seen its RSI approach or pierce the overbought 70 level on 11 different occasions. The only meaningful correction that's taken place on any of those 11 occurrences, though, has been the September selling. Historically, September is a poor month, so we... READ MORE
We combine fundamentals and technicals at EarningsBeats.com to deliver market-beating returns. While past results can never guarantee future results, our strategy has a documented record of crushing the S&P 500, not just beating it. Our approach is undeniably simple: find companies that are (1) underpromising and overdelivering,... READ MORE
I love to see a leading industry group go through a lengthy consolidation period on both an absolute and relative basis....and then break out. There haven't been too many groups that have consistently performed better than software ($DJUSSW) over the past several years. Here's a... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen finish out 2020 by revealing which indexes, sectors, stocks and ETFs they believe are "most likely to succeed" in 2021. Don't miss their analysis of the technology sector stocks, consumer discretionary, semiconductors, solar... READ MORE
PRECIOUS METALS ADVANCE... My message from December 8 wrote about gold trying to find support near its 200-day moving average. It also showed silver trying to stabilize as well. Both precious metals are having a strong day and moving above some short-term resistance levels. Chart 1 shows the Gold Shares... READ MORE
With Bitcoin up around 10% and breaking beyond $20k, there can only be one chart today that should not be ignored. BTC moved back to the forefront of financial markets and press recently. Dave Keller recently wrote about it and sent out this tweet (to the right) today. And I... READ MORE
The FOMC reportcame out today, keeping rates unchanged as the Fed continues to buy into bonds, thus supporting the market going forward. Both the S&P 500 (SPY) and the Nasdaq 100 (QQQ) closed green on the day, with the QQQs breaking new all time highs from their recent... READ MORE
In this edition of Trading Simplified, Dave discusses some of his favorite patterns for IPOs. He then delves into how you can use the tools available on StockCharts.com as a key resource for identifying and seizing on IPOs while they're hot! This video was originally broadcast on... READ MORE
In the past month, we have written about the Russell 2000 (IWM) Index leading the market higher. Recently, IWM's stellar performance has revealed it as the new superhero of Mish's Economic Modern Family. Today was no exception, as Grandad IWM was able to make all-time highs,... READ MORE