In this edition of Sector Spotlight, I look at the performances for asset classes and sectors last week, noticing long tails on those daily RRGs - that indicates some big moves that have taken place. Following the lookback using daily RRGs, I move on to some weekly charts for stocks,... READ MORE
In this episode of DecisionPoint, Carl and Erin follow up their discussion regarding very short-term initiation and buying climaxes that have occurred recently. They look at the difference between Friday's initiation climax and the possible exhaustion climax that could be giving us a short-term attention flag regarding this... READ MORE
The Modern Family shows confidence as more positive vaccine news came out on Monday. This time, the positive news came from Moderna (MRNA). Hence, after last Monday's Pfizer (PFE) announcement, the market thrives on hope rather than fear, as COVID cases rise and areas of the country are... READ MORE
There is a lot of talk lately regarding the Growth to Value rotation that seems to be going on. And if you look at the surface, that is certainly true, but there is more to it than meets the eye... The Relative Rotation Graph below visualizes this rotation and shows... READ MORE
Ever since the worst industry groups in March and April revealed themselves, I've been tracking what I refer to as my Pandemic Index. It's an equal-weighted index of the 10 worst performing industry groups during the pandemic's first few months. A key resistance level... READ MORE
During the initial stages of the pandemic in March and April, it became quite clear to me that companies with a strong online brand and presence were set to outperform the broad S&P 500 index. The accumulation/distribution line (AD line) pointed us towards those companies that were... READ MORE
In a yet another gainful week for the markets, the Indian equities extended their move on the upside and posted decent weekly gains. The past five days saw the NIFTY moving higher and closing at its lifetime high levels. As compared to the week before this one, the trading range... READ MORE
Pfizer (PFE)'s announcement about a vaccine may have triggered a sharp rally on Monday, but its real effect was to boost confidence, which improved the status of a lot of different relationships that I follow, portending further gains for stocks and commodities down the road. Swings in sentiment... READ MORE
This past week, we saw traders turning their attention away from some of the high-flying "Stay at Home" tech stocks to some other sectors that could fare well if the recently announced COVID vaccines have the promising effect that is hoped for. We've certainly noticed the... READ MORE
Amid the news and initial reaction to this past Monday's selloff, we still need to take into account the week of the election range, or the range two weeks ago. Created from Monday, Nov 2nd to Friday Nov 6th, the high and low from this period creates a... READ MORE
Energy was the big winner this week as it gapped up on the open Monday. Since then, price has consolidated somewhat and could be forming a reverse island formation. Looking under the hood at our indicators for XLE, we have quite a few that are very overbought. The 20-EMA is... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the rotation taking place in the markets following news of a possible vaccine. She also shares top candidates in Biotech stocks as major innovations take place there. In addition, short squeeze plays are uncovered as investors were... READ MORE
Maintaining the mindset of a serious investor takes discipline. Personally, I have found necessary motivations amongst sports analogies and metaphors. I confess — I lean on them heavily. After 30 years, I've learned that stock market profitability is a synonym for discipline. Anyone who doubts this should read Michael... READ MORE
Even though the Biotech ETF (IBB) and the Biotech SPDR (XBI) represent the same industry group, their composition is very different and one is clearly outperforming the other. Nevertheless, the laggard still has a big bullish continuation pattern and this group looks bullish as a whole. First, let's... READ MORE
MONDAY BREAKOUTS ARE STILL INTACT... Stocks are ending the week on a firm note; and are holding onto upside gap breakouts achieved earlier in the week. Stock indexes have spent the week consolidating their sharp gains on Monday and are remaining above some chart support levels. Chart 1 shows the... READ MORE
In this week's edition of Chartwise Women, Erin and Mary Ellen reveal their top tools to help you navigate the markets. They also share the best chart styles depending on your investment horizon. Finally, the pair gobble up a new "Yeah... That Happened!" story. This video... READ MORE
At DecisionPoint.com we watch for what we call "climax days." These are days when large price moves are accompanied by spikes in New Highs or New Lows, Net Advances minus Declines, Net Advancing Volume minus Declining Volume, and SPX Total Volume. There are two kinds of climaxes:... READ MORE
The flow of money out of the Technology sector is clearly visible on the Relative Rotation Graph for US sectors, and it is an observation that has made by many market commentators recently. What I want to do in this article is look under the hood of the technology sector... READ MORE
We have seen tremendous leadership from the NASDAQ 100 ($NDX) throughout 2020 and the COVID-19 pandemic. Many growth-oriented component stocks have done exceptionally well as they've adjusted to this "stay-at-home" and "social distancing" environment. But is this a paradigm shift that continues into 2021?... READ MORE
Yesterday, we looked at the Economic Modern Family as either hiding or holding their ground. Today's price action shows that, at least for now, we are holding, as the Russell 2000 (IWM), Transportation (IYT), Regional Banks (KRE), Biotech (IBB), and Semiconductors (SMH) are currently trading inside the range... READ MORE
Trading all boils down to one word. "Accept" this and you're on your way to success. In this edition of Trading Simplified, Dave explains the notion of acceptance as it relates to trading on a neurological and psychological standpoint, and reiterates the key point of "... READ MORE
Pfizer (PFE)'s announcement about a vaccine may have triggered a sharp rally on Monday, but its real effect was to boost confidence, which improved the status of a lot of different relationships that I follow, portending further gains for stocks and commodities down the road. Swings in sentiment... READ MORE
In this edition of Sector Spotlight, I look at asset class and sector rotation after last week's elections and try to digest the impact for various sectors. I analyze both the daily and weekly RRGs and find that, for some sectors, the different timeframes send contradicting messages. After... READ MORE
The Relative Rotation Graph for US sectors shows an ongoing rotation out of the three strongest performers in 2020 so far. Technology is inside the weakening quadrant, following a long rotation through leading, and has started to accelerate towards lagging. Consumer Discretionary is trailing slightly behind the rotation of XLK... READ MORE
ROTATION INTO VALUE CONTINUES... Yesterday's positive vaccine news contributed to a rotation into economically-sensitive value stocks at the expense of technology driven growth stocks. That rotation was accompanied by a jump in bond yields which touched an eight-month high. Signs of that rotation can be seen again today.... READ MORE
It was a climactic day, but does it have the gas to inspire a follow-up rally this week? In this episode of DecisionPoint, Carl looks at Gold and Gold Miners to see if today's damage will weigh heavy on the week. Carl also walks through the sectors and... READ MORE
Today, the market gapped up as news of Pfizer (PFE)'s Covid vaccine being 90% effective was released. Last week, we talked about the Economic Modern Family's uncertainty over the election and potential gridlock over a Republican senate. The uncertainty looks to have followed into Monday, as... READ MORE
POSITIVE VACCINE NEWS CAUSES STOCKS TO SOAR...News of a vaccine with a 90% success rate caused stocks to soar today with the Dow and S&P 500 setting new records. The Nasdaq and so-called "stay at home" stocks are lagging behind or losing ground. Today'... READ MORE
The S&P 500 wrapped a rather volatile week by settling in at the upper end of the 3200-3600 range. One key breadth indicator shows clear similarities to the bull run in early October, and also provides a prescription for bulls looking for validation of further upside. *** This article... READ MORE
New highs and a fast growing industry group make for a powerful combination. Today's article and video (below) will focus on two ETFs that capture two fast growing industries, video gaming and esports. We will show why these two ETFs are leading, why a consolidation within an uptrend... READ MORE
Special Note This is a weekly portfolio report that I send to our EarningsBeats.com members every Sunday. It's designed to provide a summary of our portfolio performance over the past week, highlighting the stocks that have led our portfolios higher (or lower). From our website, here'... READ MORE
GLOBAL STOCKS HAD A STRONG WEEK... Stocks had one of the strongest weeks in months as election results appear to be leaning in the direction of a more divided government. That might reduce chances for higher taxes and more regulations. Major stock indexes ended the week within striking distance of... READ MORE
Portfolios Update 4 of our 5 portfolios - Model, Aggressive, Strong AD, and Model ETF - all exceeded their prior closing highs on Friday. The Strong AD Portfolio soared more than 18% last week, absolutely crushing the S&P 500. Here's a quick summary of our portfolios:... READ MORE
In a week that saw wide-ranging moves and a rally that was fueled by US elections, the Indian equities went on to end on a strong note. The week's trading range not only wide that of 723 points, but the previous days also saw volatility declining to a... READ MORE
The U.S. dollar continues to weaken against both developed and emerging market currencies. Chart 1 shows the Invesco Dollar Bullish Fund (UUP) nearing a test of its yearly low. A drop below that level would put the dollar at the lowest level since early 2018. One of the factors... READ MORE
The markets posted their biggest weekly percentage gains since April as investors set their sights on a Biden win with a Republican-dominated U.S. Senate. This creates a gridlock in Washington and, as the CIO of Bank of America (BAC) puts it: "Gridlock = Goldilocks." A Republican-held Senate will... READ MORE
Well folks, we're all seeing stars this week. And no, not because of that mind-bending +9.67% gain the Technology sector printed this week (although wowza, what a move). We're seeing stars because of a handy new site setting that just rolled out across StockCharts! Now,... READ MORE
The S&P 500 wrapped a rather volatile week by settling in at the upper end of the 3200-3600 range. One key breadth indicator shows clear similarities to the bull run in early October, and also provides a prescription for bulls looking for validation of further upside. Breadth equals... READ MORE
Every first Tuesday of the month in Sector Spotlight, I go over the completed monthly charts for the prior month. Sometime mid-2019, when there was a lot of discussion on the yield curve being inverted, I started to include a long-term chart of the yield-curve in my monthly overviews. And,... READ MORE
Mary Ellen shares the best areas to put new money to work in this episode of StockCharts TV'sThe MEM Edge. She also reviews bullish stocks poised to trade higher after posting strong earnings with base breakouts, as well as stocks that gapped up and signals that will alert... READ MORE