Chart 1 shows that the basic trend for bond yields around the world is still negative, as all series are in a clear-cut downtrend. The only exception is Japan, where the secular down trendline was violated earlier in the year. So far, though, the yield has only managed a sideways... READ MORE
S&P 500 IS TESTING ITS FEBRUARY HIGH... The most important test going on at the moment is the S&P 500 challenging its February high. Its highest intra-day value shown in Chart 1 is 3393.52. The SPX closing high for February was 3386.15. Although the... READ MORE
While the media is obsessively focused on cheering for the S&P 500 to close at a new all-time high, the bond market is quietly collapsing. TLT broke its 50-DMA today and has now had its second worst 5-day slide since the March 2020 meltdown. The last time bonds... READ MORE
Towards the end of May, the US stock market ($SPX) started to lose relative strength vs. other major world market stock indexes. Around that time the $SPX tail vs. $DJW, the Dow Jones Global Index, rolled over inside the leading quadrant and started to rotate into and through weakening. This... READ MORE
Today's chart is one that every investor should keep an eye on (but most will not), as that double bottom base breakout pattern is in a market that has been declining for almost a decade! However, there's good reason to believe it could wake up like... READ MORE
In this edition of Trading Simplified, Dave explains Darvas and continuing his "Methodology In Action" series. He also presents examples of his "Landry Light" indicator to help qualify setups. This video was originally broadcast on August 12th, 2020. Click anywhere on the Trading Simplified logo above... READ MORE
EMERGING MARKET ETFS ALSO BENEFIT FROM WEAKER DOLLAR... My earlier message today made the point that a weaker dollar is benefiting foreign stock ETFs that are quoted in dollars. The message showed the rising euro benefiting eurozone ETFs with Germany on the verge of a bullish breakout. The same principle... READ MORE
EAFE ISHARES REACH SIX-MONTH HIGH... I wrote a message three weeks ago on Wednesday, July 22 to the effect that a weaker U.S. dollar was boosting foreign stocks ETFs that are quoted in dollars. When American investors buy foreign stocks, they're also indirectly buying local currencies. So... READ MORE
SBIN.in (State Bank Of India) SBI.in has seen a prolonged period of low volatility over the past several weeks, which has led to contraction of the Bollinger bands. Periods of low volatility are often followed by the periods of high volatility. The probability of the sharp move in... READ MORE
Will today's market tremors shake the QQQ out of its solidly bullish 4-month channel? On April 14th, the QQQ broke above its 50 DMA (blue line) and began the trend that you see above. A steady trend line with 6 points is an impressive feat. Today's... READ MORE
Chart 1 shows that the basic trend for bond yields around the world is still negative, as all series are in a clear-cut downtrend. The only exception is Japan, where the secular down trendline was violated earlier in the year. So far, though, the yield has only managed a sideways... READ MORE
In this edition of Sector Spotlight, I look at the rotations for Asset Classes and US sectors, zooming in on the combination of weekly and daily rotations for Consumer Discretionary, Materials, Communication Services and Technology. After the break, I touch on the current positions in the long short baskets and... READ MORE
Many of the worst-hit stocks during the pandemic are leading this latest rally and, among those, are gambling stocks ($DJUSCA). The group broke out yesterday above July highs and now has its collective sight set on the June 8th closing high of 747. Wynn Resorts (WYNN), one of the bigger... READ MORE
GLOBAL YIELDS REBOUND... Bond yields are rebounding today. That may be partially due to an uptick in producer price inflation. Or the fact that global stocks are also rebounding which is driving some money out of bonds and into stocks. Global yields are rebounding along with stocks. Chart 1 shows... READ MORE
In this episode of DecisionPoint, Carl and Erin discuss the demise of Technology and the resurgence of Industrials. Should we leave Technology behind? Negative divergences still persist on major indexes, so Erin discusses her strategy of using trailing stops to maximize profit with excellent protection when the overall market is... READ MORE
Earlier today, I was a guest on "Your Daily 5" and I featured 5 charts that I believe we should all be focused on right now. One of the charts I discussed was the Dow Jones U.S. Delivery Services Index ($DJUSAF), which has exploded higher after two... READ MORE
DOW EXCEEDS JUNE HIGH... The Dow Industrials continue to gain ground on the rest of the stock market. And is the strongest of the three major stock indexes today. Chart 1 shows the Dow Industrials trading above their June intra-day peak at 27,600. The Dow is the last of... READ MORE
ALCOA CLEARS 200-DAY LINE...CENTURY ALUMINUM LEADS... Material stocks continue to act as market leaders. Strong gold miners are a big part of that. So are copper miners. Last Wednesday' message showed the Dow Jones Nonferrous Metals Index scoring a bullish breakout along with Freeport McMoran (FCX); and Southern... READ MORE
The weekly Relative Rotation Graph for US sectors shows four sectors at the right-hand side of the plot, JdK RS-Ratio > 100 and all seven other sectors at the left-hand side. This indicates that, from a relative strength perspective, the market is driven by only four sectors. But those four... READ MORE
Somehow, we've been able to weather the storm that's called 2020. I'm speaking from a stock market perspective. The health care crisis has taken its toll and continues to take its toll and impact our everyday lives. But if you pulled up an S&... READ MORE
After clocking robust gains in July, the NIFTY started off the first week of August on a positive note. Over the past five sessions, the markets traded in a 374-point range before closing the week with modest gains. The NIFTY stayed above its critical levels on both the daily and... READ MORE
Big tech has been the main story in the market since the start of the pandemic with most of the rest of the market largely left behind. Over the past couple of weeks, however, we've started to see some money moving into weaker parts of the stock market... READ MORE
On Wednesday afternoon, as I was preparing to record the DecisionPoint show, I did a scan of the sectors in preparation and the Industrial Sector SPDR (XLI) caught my eye after a nice gap up. I scanned my Tuesday DecisionPoint Diamonds and, sure enough, I had presented an Industrial stock... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen explores significant moves taking place in the market and reviews the best ways to play them. She also shares the 3 triggers of a highly bullish stock and where you can uncover them. This video was originally broadcast... READ MORE
A number of tech giants have crushed earnings expectations, something that becomes quite apparent when you look at their charts. For example, take a look at Apple (AAPL), which recently reported its numbers: Your eyes are not deceiving you. Since the company reported its earnings on July 30, the stock... READ MORE
Back at it this week on StockCharts TV! I had the pleasure of once again hosting "Your Daily Five" this afternoon and I gotta say – I am a HUGE fan of this format. In just about 10 minutes, we bring you a concise, action-packed daily rundown of the... READ MORE
The Healthcare SPDR (XLV) is one of the strongest sectors in 2020. Even though it does not sport the biggest gain, XLV recorded a new high in July and some 80% of its components are above their 200-day EMAs. The new high points to a long-term uptrend and upside leadership,... READ MORE
Novice investors seldom like to hear that before asset growth (trading) must come asset protection. Boring! Similarly, they are reticent in embracing the reality that before they begin analyzing equities, they must first analyze themselves. Really? Legendary stock-picker Peter Lynch specifically warned investors of these "Investor Self" priorities.... READ MORE
MODEST ROTATION TAKES PLACE... Big tech has been the main story in the market since the start of the pandemic with most of the rest of the market largely left behind. Over the past couple of weeks, however, we've started to see some money moving into weaker parts... READ MORE
As Keith and I are heading on a vacation (with social distancing) starting Monday for 3 weeks, this is the last Daily that I will write until September 1st. Yet, not to worry, Geoff Bysshe will be taking over both my subscription service and the writing of the Daily blog.... READ MORE
We can thank one of the subscribers to my MEM Edge Report for today's chart you don't want to ignore! It's for an Exchange Traded Note (ETN) that tracks 3x the daily movements of an index of U.S. listed technology and consumer discretionary... READ MORE
I have written about commodities several times in the last four months or so as evidence of a major reversal had begun to appear. Now, more indicators are starting to turn. Near-term, things look overdone, but if this is really is a bull market, that will not matter, as short-term... READ MORE
To get some inspiration for a nice subject or stock to show in this article, I went to my dashboard, on which I have one widget that shows the most actively traded stocks in the Dow Jones Industrials index. A nice little gimmick is that you can run an RRG... READ MORE
In this episode of DecisionPoint, Erin reviews the technicals on the DecisionPoint Scoreboard Indexes (SPX, NDX, OEX & Dow) and points out some negative divergences on primary indicators that are troubling her bullish outlook. Carl discusses how Gold Premiums and Discounts are calculated and the implications of seeing high discounts... READ MORE
With the Russell 2000 breaking out over the 50 and 200-week moving averages, the market looks like blue skies, right? Retail (XRT) ran to just over $50.00. Sister Semiconductors (SMH) rocked to another new all-time high. Transportation (IYT) passed the critical test at the 200-WMA. Biotechnology (IBB) consolidated over... READ MORE
RUSSELL 2000 ISHARES AND DOW TRANSPORTS PASS JUNE HIGH...DOW GAINS...The rally in stocks continues to broaden out. Market groups that had lagged behind the stock recovery are starting to catch up. Small caps and transports are two examples. Chart 1 shows the Russell 2000 iShares (IWM) trading above... READ MORE
In this edition of Trading Simplified, Dave explains that right now, we are in the right place at the right time. This episode is a second show on Methodology where Dave further explores money management, stocks in action and trading psychology. This video was originally broadcast on August 5th, 2020.... READ MORE
When a stock gaps higher and keeps running, it generally tells me that the top of gap support is what we need to concern ourselves with. It's definitely not a guarantee that it holds, but the odds are greater. When I trade stocks, it's all about... READ MORE
COPPER MINERS LEAD MATERIALS HIGHER... A falling dollar has been one of the big factors pushing commodity prices higher and stocks tied to them. Today's drop in the greenback to another two-year low is continuing the flow of money into commodity assets. Several messages over the last month... READ MORE
I'm a big fan of buying stocks at support. On June 29th, Advanced Micro Devices (AMD) tested a very important price support level and printed a reversing hammer candlestick that same day. In my Daily Market Report to EarningsBeats.com members, I suggested mid-day that a bottom could... READ MORE