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
The Economic Modern Family is holding onto the uncertainty of the election, with potential gridlock if Biden is elected and the Senate majority stays republican. As such, certain sectors of the modern family did very well, while others not so much. Anticipating that taxes will not increase and interest rates... READ MORE
DOLLAR NEARS YEARLY LOW... 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.... READ MORE
Let me preface my article by saying that I'm very bullish. I mean, like, extremely bullish. No, really, I'm talking CRAZY bullish. Historically, we've just entered a period, October 27th close through January 18th close, where the S&P 500 has gained ground... READ MORE
Last Tuesday 11/3, Election Day, I joined Dave Keller on The Final Bar. Most likely because all potential US-based guests were busy doing something else ;) Dave and I talked about the Stock/Bond rotation going into the elections and how that lined up with the 2016 elections. We also... READ MORE
In this week's edition of Chartwise Women, Mary Ellen and Erin reveal their top picks following last week's sharp pullback. They also outline signals that will tell you if your stock is poised to trade much higher. Top pet-related stocks are discussed after they shared news... READ MORE
GOLD ASSETS TURN UP... While global stocks are having another strong day, precious metals are starting to perk up as well. Chart 1 shows the Gold SPDR (GLD) jumping today to the highest level in nearly two months. Gold has been in a downside correction since early August, but remains... READ MORE
As of this writing, Tuesday's Presidential Election is still undecided, but one thing that seems abundantly clear to us, and should to you as well, is that people are not good at forecasting, predicting, or guessing reliably about the future. This clearly applies to politics, but also to... READ MORE
When valuing a company, the two key variables are earnings (and earnings growth) and interest rates. I believe we're in a secular bull market because earnings growth is expanding, along with our economy, and the Fed has said historically-low interest rates will remain that way at least into... READ MORE
They say that the Chinese economy has emerged from the pandemic quicker than the rest of the world. Recent action by Chinese ETFs certainly underscores such a possibility, as many have broken out from multi-week consolidation patterns. I last wrote about Chinese ETFs back in July,when we considered a... READ MORE
Media companies stand to gain a large amount of income from this election, as both candidates have spent over $90 million in ads and that is just on Facebook (FB) alone. Since 2018, Facebook has brought in more than $2.2 billion from political advertising. TV ads run in support... READ MORE
DROP IN BOND YIELDS CASTS DOUBT ON STIMULUS SPENDING...After rising over the last two months, bond yields fell sharply today. The 10-Year Treasury yield on Tuesday reached the highest level since early June on expectations for more stimulus spending and the resulting need to finance that spending by selling... READ MORE
In this edition of Trading Simplified, Dave continues to show his methodology in action, with a focus on positioning for greatness - creating "free" positions with longer-term potential. He then discusses signals that you need to be watching in the overall market both now and in the future.... READ MORE
STOCKS HAVE ANOTHER STRONG DAY... Major stock indexes are trading sharply higher as we await the results of the presidential election. Increased expectations for a divided government may be helping fuel today's strong stock reaction. The three charts below show the three major stock indexes rising above their... READ MORE
In this edition of Sector Spotlight, as it is the first Tuesday of the new month, I take a look at the monthly charts for asset classes and US sectors. Most of the (strong) monthly trends are still intact. The long-term chart of the 10-2 yield curve, in combination with... READ MORE
On the first Tuesday of every month, I have a segment in Sector Spotlight in which I look at the completed monthly charts for the previous month. It forces me to sit down and look at the market from a longer-term perspective and make up my mind about trends that... READ MORE
STOCK INDEXES ARE HAVING A STRONG ELECTION DAY... Stocks are rallying for the second day in a row after finding support near their September lows. Chart 1 shows the Dow Industrials bouncing impressively off their 200-day moving average. Chart 2 shows the S&P 500 also rallying for the... READ MORE
I have a huge preference for owning companies that are leaders within their industry and the industry itself is a leader. So it's very hard for me to argue against a company like Deere & Company (DE), which has been showing leadership attributes among commercial vehicles & trucks... READ MORE
In this episode of DecisionPoint, after analyzing current market conditions with the DecisionPoint indicators with Erin, Carl introduces us to some indicators he's rediscovered for recognizing climactic conditions - the UP/DOWN Volume Ratio and DOWN/UP Volume Ratio, developed by Dr. Martin Zweig in his book Winning... READ MORE
A day before the election carries a lot of emotion and confusion for investors. You can see this in the market movement today, as the major indices did not align before the day's close. The Nasdaq 100 (QQQ) closed down for the day while, both the S&... READ MORE
So I'm the lucky guy who gets to host "Your Daily Five" the day before election night. What a time to step in for a new show! It's been a fascinating few weeks for markets, which of course is only fitting given all of... READ MORE
After struggling near the 12000-12025 zones for two weeks, the Indian equities finally gave out following global weakness, ending the week on a negative note. In comparison to the week prior, the NIFTY had a wider trading range to deal with. In the previous weekly note, it was mentioned that,... READ MORE
Four of the biggest tech stocks are weakening today after several of them reported decent earnings. And they're weighing on the rest of the market. Chart 1 shows Amazon.com (AMZN) falling to the lowest level in a month. Chart 2 shows Apple (AAPL) doing the same. Chart... READ MORE
Earnings season is in full swing and, so far, we've seen some really solid results. That might seem counterintuitive, given the bloodbath of late; however, two companies that recently knocked it out of the park were Snap (SNAP) and Pinterest (PINS). In the case of SNAP, you can... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen shares what to be on the look out for with the broader markets. She also reviews top candidates should Biden win the election, as well as attractive COVID-19-related stocks that have reported strong earnings. This video was originally... READ MORE
There are multiple reasons we could face a very tough holiday season. For one, a second surge in COVID could tighten restrictions on brick-and-mortar businesses. Delayed financial aid can cause more business shutdowns as many businesses were expecting support through these slow months. Delayed stimulus for individuals and decreased unemployment... READ MORE
Breadth indicators, such as Advance-Decline Percent, measure the participation behind a move in the underlying index. Sometimes participation is so strong that it tips the scales and signals the start of an extended move. For example, 10-day EMA of SPX AD% triggered a bearish breadth thrust on February 25th and... READ MORE
These are the ten stocks in the S&P 500 with the highest market capitalization, and they will have a significant effect on the movement of that market index. A quick review will show that they are all going through a topping process, which could prove to be an... READ MORE
BIG TECH STOCKS WEAKEN... Four of the biggest tech stocks are weakening today after several of them reported decent earnings. And they're weighing on the rest of the market. Chart 1 shows Amazon.com (AMZN) falling to the lowest level in a month. Chart 2 shows Apple (AAPL)... READ MORE
Today is "Throwback Thursday"! In this week's edition of Chartwise Women, Erin and Mary Ellen look at companies that have "stood the test of time" through excellent management and their ability to pivot in an ever-changing environment. How have car manufacturers maintained relevance? How... READ MORE
This week's sell-off has been pretty scary. However, it has not yet ruptured the primary uptrend that began in March. In that respect, Chart 1 shows that the PPO for the S&P Composite, using 6- and 15-month EMAs as parameters, remains well above its equilibrium level.... READ MORE
On Tuesday, we talked about an inside day pattern building consolidation for the next move. That pattern did not disappoint. QQQ and IWM gapped lower, closing in an unconfirmed caution phase, while the SPY and DIA have already confirmed a caution phase. A caution phase is when the 50-day moving... READ MORE
In this edition of Trading Simplified, Dave follows on the one pattern you would pick to set up a trade, diving into the topic fully after touching on the subject in the previous episode. Also, he looks at past Mystery Charts, discussing which ones worked vs. which did not. This... READ MORE
DOW TESTS ITS SEPTEMBER LOW... Monday's message suggested that the breaking of 50-day averages increased the odds for a test of September lows. The Dow is already there. Chart 1 shows the Dow Industrials sitting right on their September low near 26,500. And not too far from... READ MORE
Today the market was indecisive. The four major indices closed with an inside day pattern. An inside day is a two-day price pattern where the high and low from the second day doesn't extend past the price range of the first day. You can see this on all... READ MORE
In this edition of Sector Spotlight, I review asset and sector rotations of the last week, then move on to my monthly segment on seasonality and whether or not it matches with current rotations. Materials, Industrials, Energy and Real Estate seem on track for a performance in line with their... READ MORE
We are approaching the month of November, which, this year, also means election month. In last week's edition of the ChartWatchers Newsletter, I wrote an article. Presidential Rotation, on how the rotations for Stocks vs. Bonds are now looking similar to the rotation seen around the same time... READ MORE
I've created 5 User-Defined Indexes (UDI) here at StockCharts.com. I use these UDIs to track our four equal-weighted portfolios - Model, Aggressive, Income, and Strong AD - and one other pandemic-related index. Our flagship Model portfolio handled yesterday's selling pretty well and currently stands with... READ MORE
I promised during the DecisionPoint Show today that I would look at the Dollar v. Gold. Well in my haste reviewing all of the big names reporting earnings this week, it fell by the wayside. Consequently, I will give you the Dollar and Gold sections from today's subscriber-only... READ MORE
In this episode of DecisionPoint, all major market indexes on the DecisionPoint Scoreboards triggered Price Momentum Oscillator (PMO) SELL Signals. Flying solo this week, Erin reviews these signal changes and gives your her analysis of the current market environment. Many big names are reporting earnings this week, including Facebook (FB)... READ MORE