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
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
STOCK INDEXES MAINTAIN UPTREND... Stocks experienced some minor profit-taking over the last week but have maintained their uptrends. All three of the major stock indexes have found support along their 20-day moving averages. Chart 1 shows the Dow Industrials bouncing off their green 20-day line. Charts 2 and 3 show... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I review last week's rotations for asset classes and sectors, then answer questions from the mailbag. I explain the difference between outright performance and "trends in performance" and discuss potential entry points using Relative Rotation Graphs.... READ MORE
Investing with the Trend provides an abundance of evidence for adapting a rules-based approach to investing by offering something most avoid, and that is to answer the "why" one would do it this way. It explains the need to try to participate in the good markets and avoid... READ MORE
Yesterday, in my Daily Market Report to members, I pointed out three of the Dow Jones component stocks that were showing leadership, or in Apple's (AAPL) case, a return to leadership. While it isn't very apparent on AAPL's own price relative chart vs. its... READ MORE
On Monday, the tech sector (SMH) and biotechnology sector (IBB) held as the other sectors of the Economic Modern Family failed to hold their gaps. Similarly to SMH, the only major index to close green today was the Nasdaq 100 (QQQ), which tends to have a high concentration of tech... READ MORE
In this episode of DecisionPoint, Carl and Erin reveal their 2021 expectations as they review the major indexes, global markets and "Big Four" - Dollar, Gold, Oil and Bonds. After analyzing current market conditions, Carl and Erin explain why you should expect a difficult week as the overvalued... READ MORE
We now have 2 years under our belt at EarningsBeats.com with respect to our flagship Model Portfolio and the results have been stunning - quite honestly better than I could have ever predicted or imagined. We had to suffer through a 20%+ drawdown in Q4 2018 (trade war), just... READ MORE
In what was a sixth consecutive week of gains, the Indian equities continued with their up move and extended their gains. It was a measured move ahead for the markets, which went on to close with fresh lifetime highs once again. The trading range over the past five days was... READ MORE
Asset Classes Starting at Asset Class level, the first Relative Rotation Graph shows the rotation of various asset classes (ETFs) against VBINX (the benchmark). The relationship that stands out here is the very clear preference for stocks. It is the only tail that is inside the leading quadrant. As an... READ MORE
This past week, we saw the market peak in some areas, while others look more like they have a healthy correction in the works. The weakest area, and one that we wrote about last Wednesday, is the reversal top in the Nasdaq 100 (QQQ). The formation in the NASDAQ is... READ MORE
The price of crude oil continues to rise and is pulling energy shares along with it. Chart 1 shows the United States Oil Fund (USO) surging to the highest level in eight months after clearing its previous high formed during August. The USO has also climbed above its 200-day moving... READ MORE
At EarningsBeats.com, we created a list of stocks that are historically among the best-performing ones during the month of December. This list was created on November 30 and one of the companies on the list, Seagate Technology Holdings (STX), has not disappointed. As you can see, so far this... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews year-to-date winners that have plenty more upside ahead. She also looks at turnaround candidates in strong sectors while sharing Biotech and Yield stocks poised to trade higher. This video was originally recorded on December 11th, 2020. Click... READ MORE
"It's not how much money you make, but it's how much money you keep." —Robert Kiyosaki This blog addresses two of my favorite topics: (1) Minimizing taxes (2) Aligning what we call your "Investor Self" with the unique type of trading or... READ MORE
Several big tech stocks have consolidation patterns working the last few months and Bollinger Band squeezes in December. These include Apple, Amazon, Microsoft and Nvidia. Today's article will focus on the strongest of the four, and the one with a breakout working already. There is a video at... READ MORE
Since we announced our latest portfolio "draft" selections, one Model Portfolio stock - Tesla (TSLA) - has been flying. Even after some recent profit-taking, TSLA was higher by 25.6% from our November 19th selection to Thursday's close. Out of our 10 equal-weighted stocks in our... READ MORE
Around the world in 30 minutes! In this week's edition of Chartwise Women, Mary Ellen and Erin review emerging areas of the world as the recovery takes place globally, sharing the importance of diversifying your portfolio not just domestically but internationally as well. They also share top stocks... READ MORE
On the weekly Relative Rotation Graph for US sectors, the Financial sector is gradually improving more and more, with the tail having just crossed over into the leading quadrant. Zooming in on the RRG for the constituents of the Financial sector against XLF, we see a high concentration of banking... READ MORE
ENERGY LEADERS...This morning's message showed the price of oil breaking above its August high which helped make energy the day's strongest sector. Energy stocks are also among the day's biggest individual gainers in the overall market. Three of the individual leaders are shown... READ MORE
UNITED STATES OIL FUND BREAKOUT... The price of crude oil continues to rise and is pulling energy shares along with it. Chart 1 shows the United States Oil Fund (USO) surging to the highest level in eight months after clearing its previous high formed during August. The USO has also... READ MORE
There have been many stimulus bills that have been denied, pushed off and almost forgotten about since the initial March selloff. This time was supposed to be different, since its key purpose was to be a condensed plan in order to keep small business loans and unemployment benefits extended past... READ MORE
SHORT-TERM MOMENTUM INDICATORS START TO WEAKEN... Stocks are still in the midst of a strong run that started in early November. But they're starting to look stretched over the short run; and may be vulnerable to some profit-taking. The two upper boxes in Chart 1 show the RSI... READ MORE
The Energy Sector has been a top performer in the last six weeks, rallying over 50% since the October low. Now it is beginning to look as if it is in the process of topping. On the chart below we can see that wedge patterns have played a major role... READ MORE