It's Dave's 50th episode! In this edition of Trading Simplified, Dave discusses his experiences in following trends and fighting them. He also continues discussions that were brought up on his prior show. Watch to see some mystery charts, more statistics talk and a look at defining... READ MORE
At EarningsBeats.com, we like to line our portfolios with leaders, and I believe the following chart of autos ($DJUSAU) qualifies as leadership: We're seeing weakness today in our major indices, but not in autos. Two leaders in this space currently reside in our portfolios and are helping... READ MORE
If there's one thing we do really well at EarningsBeats.com, it's evaluate earnings reports and the stock market's reaction to them. I'd even take it one step further. I believe we anticipate upcoming earnings very well. There's a lot... READ MORE
I have been trading for many years. However, since I began working with MarketGauge, I have become a much better trader. The major reason, besides the awesome teachers (Mish, Keith, Geoff and James) is that they have taught me to think in terms of a rule-based trading system. In today&... READ MORE
In this edition of Sector Spotlight, I cover rotational developments over the last two weeks for asset classes and sectors. After that, I take a look at the current positions in the Long/Short basket, which is up well over 10% since March. This video was originally broadcast on October... READ MORE
Listen, I'm a big fan of PTON. It was one of my 5 stock picks from StockCharts TV's "The Pitch", which aired on April 1st of this year. It traded at near 27 at the time. Yesterday, PTON closed above 127. That's... READ MORE
20+ YEAR TREASURY ISHARES TEST 200-DAY AVERAGE... The recent rise in Treasury bond yields has pushed bond prices lower. And especially bonds with longer maturities. Chart 1 shows the 20+Year Treasury Bond ETF (TLT) falling to the lowest level since June. More importantly, the TLT is bouncing today after... READ MORE
The market has been running higher and higher and, in this episode of DecisionPoint, Carl and Erin break down the implications of the current vertical rally in technology and the accelerated rising trend for the SPX. Swenlin Trading Oscillators (STOs) could be revealing important information regarding the stamina of the... READ MORE
The market begins to show some overexuberance as we head into earning season and the election date closes in. Amazon (AMZN)'s Prime Day and an Apple (AAPL) event are scheduled this week, with other companies, like Target (TGT) and Walmart (WMT) joining in with their own sale events... READ MORE
Last week, I pointed out that the long-term KST for the ratio between stocks and bonds was close to a buy signal, and that all such signals in the last 30-years had been followed by substantial advances in equity prices (Chart 1). We still don't have a signal... READ MORE
As a new earnings season begins, let's look at the finalized results of the last earnings period. The S&P 500 earnings results for 2020 Q2, based upon GAAP earnings (Generally Accepted Accounting Principals), show that the S&P 500 is, as usual, far above the... READ MORE
Starting today at 4:30pm ET, EarningsBeats.com is excited to unveil a Sneak Preview of its latest product, the Model ETF Portfolio. The concept is rather simple. We plan to do the research to provide our members with a Strong ETF ChartList, highlighting the best performing ETFs from a... READ MORE
I would currently describe myself as a "cautious bull," in that I recognize that the market is trending higher, I'm prepared to follow that trend as long as it continues, and I'm always looking for some signs of potential weakness and/or exhaustion. Over... READ MORE
The week that went by remained firmly on the expected lines. In the previous weekly note, we had mentioned that the markets may push themselves higher amid increased volatility. The NIFTY indeed closed higher following a strong move, while the volatility also spiked. The financial stocks were expected to perform... READ MORE
There are 11 sectors in the S&P 500, but the big six are the only ones we need to be concerned with when making a broad market assessment. The big six account for a whopping 82.5% of the S&P 500, which leaves the other 5... READ MORE
Back on April 1st, in the midst of the COVID-19 pandemic, the initial episode of The Pitch was aired on StockCharts TV. Grayson Roze, VP of Operations here at StockCharts.com, Mary Ellen McGonagle, President of MEM Research, and I joined host David Keller and provided our Top 5 stocks... READ MORE
The Nasdaq has been in recovery mode over the past 3 weeks after a September rout that left many high-growth Tech stocks underwater. Leading stock Apple (AAPL) was down over 25% from its peak and the stock is still trying to get up off the mat. Not all recently hit... READ MORE
I would currently describe myself as a "cautious bull," in that I recognize that the market is trending higher, I'm prepared to follow that trend as long as it continues, and I'm always looking for some signs of potential weakness and/or exhaustion. Over... READ MORE
Sometimes, it's a good idea to approach likely market action not so much from an analysis of the market itself, but substituting intermarket or inter-asset relationships to accomplish the same objective. It is a fact that each business cycle goes through a set series of chronological sequences. We... READ MORE
Friday showed us that, even with the insecurity of the stimulus package passing and tension from job loss, the Modern Family was still able to close strong for the week. Grandpa Russell (IWM), which has been in a consolidation period for the last 6 weeks, has closed over resistance at... READ MORE
Strength abounds! In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews former leading stocks that have broken back above resistance. She also shares a stealth election play as well as stocks further along in their bid to break out of sound bases. This video was originally... READ MORE
DOLLAR INDEX FALLS BELOW 50-DAY LINE...The dollar is under selling pressure. Part of the reason why may be rising stock prices. The dollar has been moving inversely to stocks over past few months (more on that shortly). It rallied during September when stocks were selling off. And has weakened... READ MORE
I remain firmly in the secular bull market theory camp. We're going higher. Forget about politics, civil unrest, the virus, the deficit, the economy, blah, blah, blah. Money flow, the Fed and historically-low interest rates will fuel higher prices. While each of those is extremely important in the... READ MORE
It's generally a very good sign to see transportation stocks ($TRAN) breaking to new highs. Currently, the TRAN is at an all-time high and all signs are pointing to continuing strength, as far as I can tell. Transports do well when our economy is strong or when it&... READ MORE
Enjoy the little things! In this week's edition of Chartwise Women, Mary Ellen and Erin share the best ways to capitalize on the powerful move into small-cap stocks. They also break down the highest-concentrated area of winners, as well as how to screen for top candidates now. This... READ MORE
S&P VALUE IS GAINING GROUND... Value stocks are continuing to fuel much of the stock market's recent gains. Chart 1 shows the S&P 500 Value iShares (IVE) rising this week to the highest level in a month. And it's been rising faster... READ MORE
Sometimes, it's a good idea to approach likely market action not so much from an analysis of the market itself, but substituting intermarket or interasset relationships to accomplish the same objective. It is a fact that each business cycle goes through a set series of chronological sequences. We... READ MORE
It's interesting how news affects the market. The negative information, paired with human emotion, sends the market frantically lower. It is also interesting to watch how it creates a self-fulfilling prophecy. When people hear negative news, a common thought is "My goodness, I must sell before everyone... READ MORE
A week ago, I published an article here in the Don't Ignore This Chart blog highlighting two renewable energy stocks ($DWCREE) - SEDG and ENPH. Both have gained in the 25%-30% range in one week. It illustrates how trading leading stocks in leading industry groups can pay... READ MORE
DOW TRANPORTS EXCEED 2018 HIGH... Transportation stocks are once again trying for a new record. The weekly bars in Chart 1 show the Dow Transports trying to close decisively above their 2018 high. The transports are being led higher today by airlines and delivery stocks. But rails and trucking stocks... READ MORE
In this edition of Trading Simplified, Dave is here to discuss "How Important Is Market Timing?" now that the market has gotten a little "iffy." As Dave puts it, market timing is less about beating the market and more about not letting the market beat you.... READ MORE
(This is a complimentary issue of today's subscriber-only DP Alert report. Get this report every business day on DecisionPoint.com!) Everything was running smoothly as the market broke above the previous week's trading range. And then...bah bah baaaaah... stimulus talks not only stalled, but were... READ MORE
These past weeks, we've talked about the market's hopes of a quick stimulus package. Today showed how easily the market can flip when stimulus hope fades. It also shows that the market can trade higher on expectations, even though it really didn't know what... READ MORE
STOCKS SELL OFF IN AFTERNOON TRADING... Stocks fell this afternoon after a presidential tweet pushed stimulus talks until after the November election. The three charts below show major stock indexes reversing lower from chart resistance formed a couple of weeks ago. Ten of eleven sectors also ended the day in... READ MORE
FINANCIAL SPDR TRIES TO CLEAR 200-DAY LINE... Higher bond yields and a steeper yield curve usually benefit financial stocks and banks in particular. Which helps explain why financials are starting to attract new buying. Chart 1 shows the Financial SPDR (XLF) trading above its 200-day moving average today for the... READ MORE
The secular bull market is alive and well and the list of industry groups in breakout mode is growing. In addition, there are a few on the cusp of a breakout that bear watching. When a group breaks out, money flows to that area, creating tons of trading/investing opportunities.... READ MORE
If the market could talk, it might say that the Economic Modern Family is happy. Perhaps happier than they have been in a long time. Starting Friday, Forrest and I pointed out that the Russell 2000, Transportation and Retail all closed green in the face of the news on Trump... READ MORE
In this episode of DecisionPoint, Carl and Erin give us the current market conditions to prepare you for the week ahead. Both discuss what "climax analysis" is all about. Monitoring climactic readings in breadth and the VIX can give you strong clues as to market action in the... READ MORE
BOND YIELDS TOUCH FOUR-MONTH HIGH... Treasury bond yields continue their rise that started a week ago. And they're overcoming some resistance levels. Chart 1 shows the 30-Year Treasury Yield rising above its late August high to reach the highest level since June. It's also testing its... READ MORE
The Indian Hotels Company Ltd (INDHOTEL.IN) This hospitality stock has formed its bottom in June and is in the process of confirming it by moving past the crucial 200-DMA, to which it has presently resisted. If this level is taken out, we may see this stock extending its gains... READ MORE