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
As is usual for the first episode of Sector Spotlight of a new month, I take an in-depth look at developments on the monthly charts for Asset Classes and Sectors. There's also a short intermezzo on Flag patterns and a book suggestion! This video was originally broadcast on... READ MORE
Last week on The Final Bar, one of our Mailbag questions related to Amazon.com (AMZN) and how far it has reached above its 200-day moving average. This phenomenon speaks to the long-term strength of AMZN's price movements, the short-term overreaching of the price since the March market... READ MORE
With the Russell 2000 breaking out over the 50- and 200-week moving averages, we should see nothing but blue skies, right? Maybe. We have lots of positives based on hope, of course. Retail (XRT), as featured a while back, is doing well. Sister Semiconductors (SMH) is on the road less... READ MORE
At the start of the week, two tails on the Relative Rotation Graph for US sectors are showing interesting rotations. These are the tails for for XLRE and XLK. Real Estate The positive rotation for the daily tail on the RRG coincides nicely with the improvement for XLRE on a... READ MORE
A few cautious flags were thrown up today in spite of the new all-time highs in NASDAQ. 1. The volume was light. After Friday's spike in volume, Monday QQQssaw below-average daily volume. 2. The momentum indicators that we use to measure tops, bottoms, and big trends show a... READ MORE
TECHS AND NASDAQ CONTINUE TO LEAD THE WAY... Big techology stocks are leading the market higher today again. Chart 1 show the Nasdaq Composite Index reaching a new high as did the Technology SPDR (XLK). Its biggest percentage gainers were Microsoft and a number of chip stocks. Chart 2 shows... READ MORE
Last week, Max Wiethe from Real Vision and I sat down for about an hour to discuss a myriad of timely and relevant market topics. (See the link at the end of the commentary). So much happened in this past week. The short list: * Blow-out Earnings of Apple (AAPL), Alphabet... READ MORE
First, welcome to August! It's hard to believe that we're into our 8th month of 2020. It's been a very difficult year on a number of fronts, but I hope that EarningsBeats.com has at least been able to help you navigate through the... READ MORE
THREE BIG TECHS LEAD FRIDAY REBOUND... Going into Thursday evening, most of the TV stock market commentary centered around the big tech stocks that were announcing quarterly earnings after the close. The consensus seemed to be that the big tech stocks had already seen huge gains for the year, and... READ MORE
After testing a couple of important levels in the week before this one, the NIFTY took a breather and consolidated over the past five sessions. In the previous weekly note, we had highlighted that the momentum at higher levels is diminishing, which might lead to some consolidation at higher levels.... READ MORE
It's been quite a week for the markets and while market news is likely to focus on the explosive gains in select FAANG stocks, I believe there's an even bigger story that's come to light during this surprisingly robust earnings season. You see, Facebook... READ MORE
Swings in commodity prices are both a market and an economic indicator. There are certainly exceptions, but when the economy is in a recovery phase, commodity prices generally rise. During the early phase of the business cycle, rising commodities are beneficial for stocks, not only for commodity-sensitive sectors such as... READ MORE
Every three months, we fill out our four portfolios with 10 equal-weighted and leading stocks, mostly in leading industries. We combine fundamental research and technical analysis to make our money work harder, which is the whole idea. We know there's a strong correlation between earnings growth rates and... READ MORE
This week on The Final Bar, one of our Mailbag questions related to Amazon.com (AMZN) and how far it has reached above its 200-day moving average. This phenomenon speaks to the long-term strength of AMZN's price movements, the short-term overreaching of the price since the March market... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen examines how corporate earnings results are uncovering a resurgence in an area due to see explosive growth over the next year and beyond. She also shares tips on how to uncover the next set of winners from one... READ MORE
(Financial) Markets rotate, that's a given. When we look at the stock market, we call it sector rotation, which is probably the most widely-used term. But there is definitely also rotational action going on in other markets or cross assets. Think in terms of country or regional stock... READ MORE
On this special episode of Real Trading with Larry Williams, Larry goes out on a limb to explain why he thinks stocks in China are ready for significant decline. You'll get a sneak peek of his unique indicators coming soon to StockChartsACP, as Larry demonstrates their functions and... READ MORE
Too many traders focus on the wrong things when looking for a big short squeeze. It's not about how many short shares there are for a particular stock. And it's not about high short percentage of float. And, quite honestly, it's not even about... READ MORE
* Rising Commodity Momentum is Bullish for Stocks and the Economy * Long-Term Technicals Look Promising for Copper Swings in commodity prices are both a market and an economic indicator. There are certainly exceptions, but when the economy is in a recovery phase, commodity prices generally rise. During the early phase of... READ MORE
Ok, the header image may not be entirely accurate to the message of this article, as it deals with the Real Estate sector which is all about listed REITs, but I could not resist using it ;) When I looked at the Relative Rotation Graphs for sectors this morning, I noticed... READ MORE
In this episode of DecisionPoint, Carl discusses his recent article on Gold. The yellow metal is enjoying a huge rally, but should we be excited or nervous? Carl and Erin both give you their strategies on taking advantage of (and protecting profits during) this parabolic move. Erin outlines some short-term... READ MORE
In this edition of Trading Simplified, Dave presents a broad selection of charts that he uses to present his methodology in action. Most of the charts are actual stocks that Dave trades or has traded himself, and have also been "Mystery Charts" in past shows. Dave also demonstrates... READ MORE
MarketGauge has some pretty cool proprietary software. One indicator is Triple Play, which measures the ratio between a particular instrument and a benchmark. Triple Play reveals the true trend strength of a market based on "price leadership" and "volume power." This measure of the market'... READ MORE
POINT & FIGURE CHARTS SHOW TRANSPORTATION BREAKOUTS...My morning message wrote about four transportation stocks that were achieving bullish breakouts. A glitch in the system, however, prevented me from showing their usual bar charts. So I've improvised a bit to bring their point & figure versions. Unlike bar... READ MORE
DOW TRANSPORTS MOVE FURTHER ABOVE 200-DAY LINE... Transportation stocks are one of today's strongest groups. Chart 1 shows the Dow Transports gaining 2% this morning and moving further above their 200-day moving average which is now acting as a line of support (see red arrow). My message on... READ MORE
RSI is widely used as a momentum oscillator to identify overbought and oversold levels. A dive into the formula, however, reveals that RSI is quite well equipped for trend-following strategies. It can even be used to rank ETFs and stocks to find those with the strongest momentum. The strategy basically... READ MORE
On Monday, gold rallied above the top in 2011 and made new, all-time highs. I've been more or less bullish on gold for several years, but it hasn't always been particularly easy, because gold's progress could usually best be described as "tortured."... READ MORE
It's a very full show on this episode of Sector Spotlight. After a quick overview of what happened in asset classes and sectors last week, I take a look at seasonality combined with rotations on the RRG. Finally, I finish up the show by answering two mailbag questions... READ MORE
Junk Bonds (JNK) rallied Friday, closing above the 50-week moving average. Then, today, JNK ran up to yet another new high since March. This is an excellent example of "Don't Fight the Fed!" (especially ahead of the Fed meeting). Until I see a shift in risk... READ MORE
The S&P 500 recently got back to positive territory for 2020, with a year-to-date return of 1.4% as of July 22nd. It didn't stay positive for long though. Trading was down on the 23rd and 24th, bringing it back into negative territory as of the... READ MORE
REBOUND IN NASDAQ 100 STEADIES MARKET... Stocks are opening the week on a firmer note. A rebound in tech stocks is one of the reasons why. Last Thursday's high-volume selloff in tech stocks caused some nervous profit-taking as the week ended. Chart 1 shows the Nasdaq 100 (QQQ)... READ MORE
Following Friday's close, we are facing a daily Relative Rotation Graph with some interesting (sector) rotations underway. Energy The Energy sector had a pretty good week. This comes after I suggested more weakness for this sector in Sector Spotlight on Tuesday 7/21... I recorded that show on... READ MORE
The upper extended trend line shows that the Double Top breakout not only fizzled out, but the price action failed to move past that double top resistance several times. This has reinforced the credibility of this resistance. Presently, the price has slipped below the 50-DMA. The daily MACD has shown... READ MORE
It's no secret that I like finding leading stocks in leading industry groups. In my view, however, THAT is the secret sauce in building a portfolio to outperform the benchmark S&P 500 over time. Of course, there will be hiccups along the way and we'... READ MORE
The week before this one had seen the headline index testing a couple of important levels on daily and weekly timeframe charts. On the daily chart, the index had closed a notch above the 200-DMA; on the weekly chart, it had tested the 50-week MA. Over the past five session,... READ MORE
It's been proven that strong earnings are the number one driver of a stock's upward advance and with earnings season under way, there's no better time to vet the next set of stocks poised to trade much higher. So far, over a quarter of... READ MORE
When Tesla (TSLA) reported its earnings last week, they smashed all expectations, both on the top and bottom line. The immediate reaction was mixed, but then we saw the tech sector in general take a hit for a few days in a row, and TSLA did not escape the selling.... READ MORE
A selloff in the biggest tech stocks is putting downside pressure on stocks today; and is helping make the Nasdaq 100 the day's biggest percentage loser. And it looks technically vulnerable to a deeper pullback. The daily bars in Chart 1 show the Nasdaq 100 (QQQ) testing its... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the market's action and highlights key levels for the Indices. She also shares insights into the move away from recently leading areas and how earnings reports are signaling some near-term trend changes. This video was... READ MORE