COMMUNICATION SERVICES LEAD MARKET HIGHER... Chart 1 shows the Communication Services SPDR (XLC) climbing nearly 2% today to a new record. It's relative strength line in the upper box is breaking out as well. It's two biggest percentage gainers are Netflix and Facebook. Chart 2 shows... READ MORE
Today's chart (below) is the consumer confidence survey data, which today hit its lowest level since 2014. At the same time, data on new home sales, as well as earnings from home builder Toll Brothers (TOL), are at their best levels in years. It seems a little inconsistent... READ MORE
In this edition of Sector Spotlight, I work my way through the investment pyramid in a top-down fashion using RRGs. After the break, I analyze an RRG that holds the industry indexes that make up the technology sector to get a more granular handle on the rotations of various groups... READ MORE
By far the most-watched Relative Rotation Graph is the one that shows the rotation for the 11 S&P sectors, and for good reason; it shows very clearly where the strengths and weaknesses in the various areas of the market are. But we have to realize that some of... READ MORE
In this episode of DecisionPoint, Carl and Erin look back at the dot com bubble and discussed why many are talking "bubbles," given the voracity of the Bull Market coming out of the March lows. Carl zeroed in on Apple (AAPL) then and now, before then discussing a... READ MORE
GAP AND GENERAL MOTORS HELP LEAD CYCLICALS HIGHER... My weekend message showed the Consumer Discretionary SPDR (XLY) setting new records. It's hitting another one today led higher by cruise lines, clothing, travel & tourism, gambling, and apparel retailers. Two stocks in particular show up on today's... READ MORE
Starting in the second quarter of 2019, Tesla Inc. (TSLA) stock has launched like a SpaceX rocket. In the Wyckoff Method a ‘Cause' will precede an ‘Effect'. A Cause is a preparation phase of Accumulation or Distribution (a trading range). The Horizontal Point and Figure (PnF) counting technique... READ MORE
S&P 500 HITS NEW RECORD ON FRIDAY... The S&P 500 hit a record close on Tuesday and on Friday exceeded its February intra-day peak at 3393 to confirm a new all-time high as shown by the weekly bars in Chart 1. The Nasdaq hit another record... READ MORE
After taking a breather in the week prior, this week the markets resumed their move higher and posted some incremental gains once again. Over past five days, the NIFTY has experienced range-bound oscillations, with the range still being close to its normal trading width. At the same time, the Index... READ MORE
Last Friday's message applied Bollinger bands to the S&P 500 and cautioned that the market looked a bit stretched over the short-run. Prices have since backed off slightly from the upper band, but remain well above the dashed 20-day average (green arrow) which means that the... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen shares the one group that's trading on news and what to be on the lookout for. She also discusses economic reports, add-on plays and the housing industry, plus provides her outlook on which lockdown stocks to... READ MORE
It's been a very exciting time for the bulls, with the NASDAQ and S&P hitting all-time highs this week. In fact, for those who have been skeptical and sat out the move off of the March 21 bottom, this has been painful to watch, with the... READ MORE
Yes, I'm a chartist. Yes, I can glean profitable insights using my technical tools. No, charts are not the only tool in my analysis bag. If that were the case, it would be akin to buying a Ferrari while living in a studio rental. That would be totally... READ MORE
Yesterday I had the pleasure of doing a podcast with FinancialSense.com's James Puplava (I'll send the link out to the DecisionPoint free email list when I have it - sign up on the DecisionPoint.com homepage). We talked at length about the "top ten&... READ MORE
I published this article in 2017 and believe it has even more merit today. Financial and business-related television always tries to relate an up market to good news and a down market to bad news. Some truly believe they are the ones that move the market; that is an amazing... READ MORE
The total number of new highs in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 continues to underwhelm. Even so, new highs are still outpacing new lows and this is enough to keep the uptrend since late March going. The first chart... READ MORE
Today was the first time that the SPY opened lower than the prior day's low since July 24th. The same is true for the QQQ. Grandpa Russell did it just last week, but not since July 7th prior to that. The significance of this pattern is twofold: 1.... READ MORE
S&P 500 STILL HASN'T CLEARED FEBRUARY INTRA-DAY HIGH... The news media has been quick to declare a new record high in the S&P 500. However, we may not be there just yet. The SPX did hit a new closing high. The February intra-day high,... READ MORE
Last Tuesday in Sector Spotlight, I covered the Industrials sector. While looking into the constituents of the sector and the group breakdown, it was pretty clear that the group "airlines" is not doing very well. UAL, DAL and LUV are all inside the improving quadrant, but they also... READ MORE
With so much attention being paid to AAPL reaching a valuation of $2 trillion, I decided to see if AAPL's market cap would make it into the IMF's list of the world's richest countries based on GDP. In fact, it does! Can you guess... READ MORE
* The Bear Market Case * Time for a Counter-Cyclical Rally? The Bear Market Case By most methods and approaches, the Dollar Index is in a bear market. Take Chart 1, for instance, which compares the Index to its long-term KST. The pink-shaded areas tell us when it is below its 12-month... READ MORE
The last five months of market history are a blur for me. Back in mid-March, the S&P 500 was in free fall with no end in sight. Here we are in mid-August, and the S&P is retesting all-time highs. Trend-following is about defining the trend, recognizing... READ MORE
"Let's make hay while the sun shines." - Dave Landry The market is trending and in this situation, the trend following system works well. In this edition of Trading Simplified, Dave walks through Mystery Charts to show how his systems and breakout systems work well with... READ MORE
At EarningsBeats.com, we announce the portfolio stocks for each of our 4 portfolios on February 19th, May 19th, August 19th and November 19th. We then hold those 10 equal-weighted stocks in each portfolio until it's time to announce new stocks. Well, it's August 19th. It&... READ MORE
After an uptrend, I always look for a continuation pattern, especially when I believe we're in a major secular bull market advance. Well, look no further than Amazon.com (AMZN), which doubled in price from its March low to its early-July high. Since that stunning advance, AMZN had... READ MORE
There were several market messages in today's price action. Starting from the top... The SPY finally closed at an all-time higha nd, after what seems like weeks of anticipating this moment, it closed over the level by fractions of a percent and a doji pattern. This follows a... READ MORE
DOLLAR INDEX HITS ANOTHER LOW... The greenback continues its decline to the lowest level in nearly two years. Chart 1 shows the Invesco US Dollar Bullish Fund (UUP) falling to another multi-year low today. And it's falling against all of its major trading partners. As is normally the... READ MORE
In this edition of Sector Spotlight, I put last week's rotations for asset classes and sectors into a longer-term perspective. After the break, I perform a deep dive into the industrials sector, showing some stocks with potential but also a group that, as a whole, is better off... READ MORE
In this episode of DecisionPoint, Carl and Erin discuss current market conditions for the major indexes. Given Apple (AAPL) and Tesla (TSLA) are preparing for stock splits, Carl gives viewers a complete tutorial on stock splits, how they work, how they compare to dividends and more! Carl highlights Gold and... READ MORE
It's been a tough period for most Restaurant stocks as lockdown initiatives have forced closures across the country. And while a select few who had digital sales systems in place before the pandemic have done just fine - think Chipotle Mexican Grill (CMG) - most others have had... READ MORE
It was a quiet news day, but Mondays don't need news to go up. Today's image above represents the percentage of times that Mondays have closed higher than their Friday close since the March bottom. It's also worth noting that not only does Monday... READ MORE
As the S&P 500 struggles to rise a fraction of a percentage point to be able to achieve the status of reclaiming its February all-time high level... Imagine you could go back to February 19th, 2020. The SPY has just closed at a new all-time high, and news... READ MORE
This was a week when the markets perfectly respected the technical levels; they took a breather and ended with a minor loss. Over the past five days, the NIFTY piled up incremental gains, but the last trading day reversed all those little gains. The NIFTY oscillated in a narrow 262-point... READ MORE
I'm not sure if there's a hotter group right now than delivery services ($DJUSAF). Both United Parcel Service (UPS) and FedEx Corp (FDX) blew earnings right out of the park. They crushed both revenue and EPS estimates and the market has responded with institutions seemingly accumulating... READ MORE
The recent pullback in high-growth stocks has created some unique opportunities to purchase select growth names at a discount. Before considering this strategy, however, it's important to make sure that several characteristics are in place. To begin, you'll want to reduce uncertainty by making sure the... READ MORE
Over the past five months, since that March low, we've enjoyed many stocks' relentless pursuit to the upside. I know it's hard, however, to keep chasing those stocks as their prices move into what seems the stratosphere. So I set out to find stocks that... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen analyzes distinct money flows into 2 areas that may signal a market shift, as well as ways you can capitalize on these moves. She also outlines how to tell if your stock is just pulling back or if... READ MORE
The last five months of market history are a blur for me. Back in mid-March, the S&P 500 was in free fall with no end in sight. Here we are in mid-August, and the S&P is retesting all-time highs. Trend-following is about defining the trend, recognizing... READ MORE
The technology sector sparks a lot of interest, and for good reason - it has turned into a safe(r) haven when things get rough in the markets, but it's also everybody's baby when the market goes up. "What could possibly go wrong?", one... READ MORE
Without a doubt, one of my favorite shows on StockCharts TV right now is "The Pitch", a monthly series where we assemble three different technical analysts and ask each of them to bring their five best individual ideas to the table. With each guest pitching a narrow list... READ MORE