A warning does not necessarily have to become a full-blown sign to head for the exits. But it is, nevertheless, a warning. The last time I saw a warning from VXX or the Volatility ETF, was in February. Granted, on February 5th, the title of my daily was "Volatility&... READ MORE
On this episode of Sector Spotlight, I look at recent rotations in asset classes and sectors. Next, I present updated BETA values for sectors and compare cap-weighted vs equal-weight values. Finally, I then finish up the show with a pair trade review. This video was originally broadcast on May 19th,... READ MORE
SEMIS LEAD TECH SPDR HIGHER... Technology is the day's strongest sector. Chart 1 shows the Technology Sector SPDR (XLK) rising today to the highest level in nearly three months. It's being led higher by semiconductors . Chart 2 shows the PHLX Semiconductor iShares (SOXX) moving above its... READ MORE
I've coached sports much of my life and there are two key elements to succeeding in athletics: practice and confidence. Raw talent and athleticism don't hurt either, of course. I don't care how good you might think you are, to excel in sports, or... READ MORE
On this special episode of Real Trading with Larry Williams, Larry walks viewers through what he considers to be the best indicators, including technical and fundamental ones alike. Larry discusses their limitations and explains why they have them, then shows you the best ways that you can use them in... READ MORE
It's the most exciting time of each quarter for EarningsBeats.com and its community members. We're one day away from the equivalent of the NFL Draft for equities. The beauty of our Stock Market Draft, however, is that no one else participates! We can literally select... READ MORE
It's been a very difficult environment for small caps ($SML) and mid caps ($MID) for quite awhile. We should take note of any stocks in these two asset classes that are moving higher because they're doing so completely against the grain. For instance, take a look... READ MORE
STOCKS SURGE ON VACCINE OPTIMISM... A report that a vaccine developed by Moderna is showing positive results helped push stocks sharply higher today. Charts 1 and 2 show the Dow Industrials and S&P 500 gapping higher and in position to test their recent highs. The SPX may also... READ MORE
One part of the U.S. stock market has been setting new highs and dragging other areas higher with it. Then we have groups reaching the depths of despair with little or no end in sight to their selling and misery. I've honestly never seen anything quite like... READ MORE
Summer is fast approaching and, with most states still in lockdown, it's expected that physical distancing measures may well but a damper on many people's plans. There's one summer activity that's seen a distinct pickup, however, as those living near water can... READ MORE
The past couple of days performed much along the anticipated lines as the markets, in general, continued to portray a bearish undertone and ended the weak on a negative note. After halting the pullback, the NIFTY has formed a lower top near 9900 levels and continued its slide, confirming the... READ MORE
After a weak start this morning, major stock indexes are stabilizing near some short-term support levels. Chart 1 shows the Dow Industrials finding support at its 50-day moving average and its mid-April intraday low at 22900. Chart 2 shows the S&P 500 holding support at 2797. So far,... READ MORE
When you stop to think about the overall environment we've all been working in these past few months, it's amazing to think there are some stocks that are at their all-time highs. Of course, whenever there is a crisis, there are stocks that benefit. This is... READ MORE
Stanley Druckenmiller recently came out and said that the market has never been this disconnected from reality - and that the risk/reward has never been this bad. In an article, a journalist synthesized Ray Dalio's thoughts and research on the state of currencies and the debt crisis.... READ MORE
In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the broader markets while highlighting specific areas that are poised to trade higher. She also follows up on stocks that have gapped up and the best way to take advantage as well as top stocks due... READ MORE
I received an email after trading on Wednesday 5/14 that included a great question about catching mid-day reversals: "I struggle the most in days like today (5/14) where the market goes one way and then it changes direction. How do you identify when that is happening? Your... READ MORE
StockCharts calculates and publishes the Bullish Percent Indexes for several major indexes and sectors. Just search for the term $BP to find them because all the symbols begin with these three characters. These indicators are not part of my breadth models for broad market timing, but I do follow them,... READ MORE
STOCK INDEXES STABILIZE NEAR SUPPORT... After a weak start this morning, major stock indexes are stabilizing near some short-term support levels. Chart 1 shows the Dow Industrials finding support at its 50-day moving average and its mid-April intraday low at 22900. Chart 2 shows the S&P 500 holding... READ MORE
Inside the Health Care sector, IDXX is one of the stocks that stands out in a positive way. Since mid-2019, IDXX has been bouncing against resistance around $290, but never managed to get to a clear break. The peak that was set in the week beginning 2/19 was the... READ MORE
In this episode of DecisionPoint, after looking at the latest DP signal scoreboards, Carl and Erin discuss the recent deep dive in prices on the 10-minute bar chart and the implications shorter-term. A look at the bigger picture shows the very negative configuration of the indicators. Many parallels can be... READ MORE
Last night, I wrote about the compression in the weekly gold chart. Today, gold closed green, but did not take out 162 (GLD) or the top of last week's trading range high. This is super exciting to watch unfold. Will it clear? And, if so, how far can... READ MORE
Last week, I pointed out that the S&P Composite, despite the strong rally off the March low, had failed to touch an overbought condition. That presented a problem, since a security that is unable to reach an overstretched reading is usually suffering from some kind of a bear... READ MORE
The global equity markets have seen the mother of all volatile times during the first five-and-a-half months of the year 2020. From the peak of early 2020, the key equity markets saw a sharp decline of over 35% in most cases. Following those lows, the stocks have also managed to... READ MORE
In this edition of Trading Simplified, Dave gives a quick Bear Market Update, then moves on to indicators. He explains why he likes to call indicators "illustrators" and introduces you to some new Landry indicators that are coming to the StockCharts Advanced Charting Platform (ACP). This video was... READ MORE
Impulsive selling gripped the market yesterday afternoon for the first time in quite awhile and it came on the heels of a few warnings signs that I passed on to EarningsBeats.com members earlier this week. First, the accumulation/distribution line, which has been a HUGE friend of the bulls... READ MORE
DOW AND S&P 500 WEAKEN... Stock prices are continuing the pullback that began yesterday afternoon. And some short-term support levels may soon be tested. Chart 1 shows the Dow Industrials slipping below their 20-day average (green line) and in position to test their early May low at 23400.... READ MORE
Growth-Value is a pre-defined group on the RRG page, showing the relative rotation for the Dow Jones Growth Index vs. Dow Jones Value Index, using the Dow Jones US index as the benchmark. The last crossover for Value into the leading quadrant, and Growth into lagging, happened in November 2018.... READ MORE
Compression is defined as the decrease in volume of any object or substance resulting from applied stress. Compression may be undergone by solids, liquids, and gases and by living systems. And, apparently, by gold. What is the applied stress in gold? First off, too many bears. Second, a relatively strong... READ MORE
Most of my guests in recent weeks on The Final Barhave embraced the "we're due for a pullback" thesis. From the very bullish (S&P 3600) to the quite bearish (S&P 2000) and everyone in between, it seems most people feel that the... READ MORE
FOR THE BEARS . . . This chart tracks the price of the individual S&P 500 component stocks relative to their 20EMA, 50EMA, and 200EMA. As price approaches the level of a prior top, I look for the indicators to make a lower top, which is a negative divergence. Such divergences... READ MORE
What a way to start the week! Yesterday afternoon, I had the pleasure of hosting "Your Daily Five", our latest series on StockCharts TV where we bring you a concise, action-packed daily rundown of the five most important charts that you need to be watching. Weekdays at 1:... READ MORE
On this episode of Sector Spotlight, I highlight the Technology sector and picks some Tops and Flops that are worth keeping an eye on using RRG. In the second part of the show, I answers a question from the Mailbag and suggest a new pair trade idea. This video was... READ MORE
This article appeared in the Chartwatchers newsletter last weekend (5/9) but as it touches on one of the core interpretation basics for Relative Rotation Graphs I wanted to have it in the RRG-blog as well. So in case you missed this weekend's newsletter, here is your second... READ MORE
One thing that this pandemic has caused - and few would disagree - is an inordinate amount of fear. An easy way to depict this is simply to look at the Volatility Index ($VIX) and the equity only put call ratio ($CPCE). When these two spike, it's a... READ MORE
A major group in the markets turned long-term bullish today, and I've been on the lookout for it for quite some time. The reason for my keen interest is that the stocks in this group currently began exhibiting characteristics that were very common to a period just before... READ MORE
A week ago, I wrote a blog article titled "The Beauty of the Biotechnology ETF Channel."I began by writing, "If there is one area to watch should the market have another run up, it is Biotechnology (IBB). "The channel lines that are perfectly parallel, going... READ MORE
STOCKS RALLY ON BAD ECONOMIC NEWS... Last weekend's message suggested that the spring rally in stocks may have peaked. Judging from this week's strong price action, that doesn't appear to be the case. Stock prices have shown remarkable resilience in the face of very... READ MORE
I've run into multiple friends of late, socially-distanced of course, who keep asking me, "Aren't the airlines a great value now?" Ugh. Really? What business can you think of that (a) has lost 95% of its customers AND (b) has little hope of attracting... READ MORE
The markets fared much along the expected lines over the past five sessions. In the previous weekly note, we had mentioned that if the NIFTY failed to move past the previous week's high, it might end up forming a lower top for itself. Things turned out on the... READ MORE
When it comes to analysis and trading signals, seasonality is behind price action in the pecking order of importance. In general, seasonal patterns carry most weight when they jibe with the underlying trend. For example, bullish seasonal patterns in an uptrend can provide a tailwind. Nevertheless, price action is still... READ MORE