After taking a breather during the week before this one, the Indian equity markets moved higher again and closed the week with decent gains. The trading range remained less wide than in the previous week. The earlier week had seen the NIFTY oscillating in a 784-point wide range; this time,... READ MORE
* Wyckoff Method Checklist for a Peak (Video and Chart Update) * Crypto Currency & the Wyckoff Method. Alessio Rutigliano Presents on Power Charting * Wyckoff Market Discussion (WMD) 200th Episode Video and a Special Offer A series of market conditions have come together this last week to suggest the exhaustion of the... READ MORE
The markets have been able to climb a wall of worry over the past 3 months in a move that's pushed the Nasdaq to a new high in price, with the S&P 500 within 6% of its peak reached in mid-February. The significant rally over the... READ MORE
The simple answer to the question posed in the title is "No!". However, there are a number of interesting parallels that have implications for 2020 and beyond. Let's see what they are. The Decennial Cycle and Years Ending in a "0" According to the... READ MORE
When I'm prioritizing information to help me understand the broad market environment, I tend to consider this as the order of importance: 1. Price 2. Breadth 3. Sentiment I've found sentiment readings such as the American Association of Individual Investors (AAII) and Investors Intelligence (II) surveys... READ MORE
I am constantly performing research, using my analytical skills to uncover the best stock market opportunities. At EarningsBeats.com, we have a proven process of identifying leading stocks in leading industries. It all starts with fundamental research, which helps us to limit the number of stocks in our trading universe... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen examines what to be on the lookout for in the broader markets. She also highlights ways to take advantage of the downtrend reversal in select Healthcare stocks, as well as news-related stocks poised to trade higher. This video... READ MORE
Without a doubt, our Economic Modern Family continues to give us reasons for concern.To end the week, Regional Banks (KRE), Transportation (IYT) and the Russell 2000 (IWM) not only all failed to clear their upper ranges and moving averages, but they all also sold off to close beneath their... READ MORE
I think most market participants would agree that the past 19 months, which has included 2 cyclical bear markets, have been trying, to say the least. At the time our Model Portfolio was created on November 19, 2018, the S&P 500 stood at 2690.73. At Thursday'... READ MORE
Technical analysts use a lot of breadth data in their work, which is understandable as it can give us a lot of useful information about how a market as a whole, usually a broad index level, behaves. Plus, it can help us to find developments "under the hood"... READ MORE
* The Decennial Cycle and Years Ending in a "0" * 1980 and 2020 Both Experienced Recessions * Further Out, Things are More Problematic * China Technology Breaks to the Upside The simple answer to the question posed in the title is "No!". However, there are a number of interesting... READ MORE
In this episode of DecisionPoint, Carl and Erin review four new Price Momentum Oscillator (PMO) SELL signals on four of the major market indexes. Even the Nasdaq 100's new highs didn't prevent that PMO SELL signal. Erin discusses climactic indicators and how they can be leading... READ MORE
Relative Rotation Graphs are not just good for showing you the relative rotation based on price, but can also help you to see the relative development (rotation) of breadth on a sector level. There are many measures for breadth available in the StockCharts.com database, including several breadth indexes that... READ MORE
"I don't see us wanting to run through the bond market like an elephant snuffing out price signals, things like that." - Powell Powell is referring to the Fed's plan to expand its purchase of bonds beyond ETFs and into individual issues.The implication... READ MORE
Despite rising over 20% from the low point seen in March 2020, the Indian equity markets have continued to underperform their global peers. The figures of the recent giant short-squeeze speak for itself. The headline index NIFTY50 has returned 12.99% over the past three months. However, on a year-to-date... READ MORE
Initial success doesn't necessarily equate to long-term success! In this edition of Trading Simplified, Dave explains how you can use trading psychology to discover ways to go from being a "trader for now" to being a "trader for life." Important lessons to learn including... READ MORE
On this episode of Sector Spotlight, I work my way through the Investment pyramid, introducing a new universe for commodity sub-indexes. In particular, I highlight the steepening of the yield curve, which could be a threat for the S&P. This video was originally broadcast on June 16th, 2020.... READ MORE
Jerome Powell's talking points today: * "Millions" of people will not return to work for some time because of the aftershocks to businesses from the health scare. * Fed has not committed to the hotly debated concept of yield curve control to lower interest rates further. * Struck a... READ MORE
I've often said that by looking at individual stocks, you can get a deeper level of understanding of what's moving the overall equity markets. While some investors insist that "a rising tide lifts all boats" and you're better off just following the... READ MORE
In my weekly Sector Spotlight show on StockCharts TV, I present a segment on pair-trading ideas from time to time. This initially started out as 1-1 pair trades ideas, later changing to a basket of long ideas vs. a basket of short ideas. In the episode that I recorded yesterday... READ MORE
After the Fed announcement that they will be buying corporate bonds, the market took off. As mentioned in the weekend daily, we must go back to the stick in the mud, i.e. the NASDAQ 100 and its island top. Until the price trades up to 244.51 or the... READ MORE
Today, I kicked off the week by hosting another episode of "Your Daily Five", one of our newest 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 1:00pm ET,... READ MORE
Moving Averages are one of the most simple and age-old tools within a technician's toolkit. This humble indicator is nothing more than a smoothing tool, used for smoothing the price data to form a trend following indicator. It does not predict price direction, just the current trend and... READ MORE
If you're just showing up at 9:30am ET and deciding last minute which stocks to trade, I think you're doing yourself a major disservice. You also are likely allowing the market to dictate to you which stocks you're interested in. There may be... READ MORE
After a strong gain of 5.86% in the week prior to this past one, the NIFTY took a breather after rising nearly 1000 points over the past couple of days following a strong liquidity gush fueled by global risk-on environment. The past couple of days stayed volatile, especially the... READ MORE
We're back with another new edition of The Pitch, this month featuring Greg Schnell, Julius de Kempenaer and Mary Ellen McGonagle, hosted by Tom Bowley. Each analyst has come prepped with their five most compelling stock picks for the current market environment. And with volatility continuing to dominate... READ MORE
Years ago, Peter Lynch (of Fidelity Magellan fame) preached that when looking for investment ideas, stock pickers should look closely where they shop and find those new alluring products and retail stores that held the most promise. Times change, of course, and the retail glass on the street is not... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the status of the broader markets and what to be on the lookout for. She also discusses early recovery plays in China that are now also taking place in the United States. This video was originally recorded... READ MORE
Every day, there are thousands of companies to select from when looking for trading candidates. This includes companies in different sectors, of different sizes and with different prices. That's a lot of companies to choose from, so how does one go about zeroing in on the ones that... READ MORE
I remember hearing (and still hearing) from other analysts that one should remember that the bottom of the chart isn't a support level. This is especially true when you are looking at a stock that has been making new all-time lows. Yesterday, a DecisionPoint Diamonds reader requested I... READ MORE
After last Thursday's nearly 1900-point decline, I recorded a video for StockChartsTV (at the bottom of the page). Then, on Friday, we saw four distinct trading patterns emerge. First, many instruments had inside days or traded within the range of Thursday's trading range. Is this surprising?... READ MORE
The 20+ Yr Treasury Bond ETF (TLT) retreated as stocks advanced from mid April to early June and then popped as stocks dropped this week. Bonds are the natural alternative to stocks and TLT appears to be forming a classic bullish continuation pattern. Let's first compare performance for... READ MORE
Yesterday's (6/11/2020) big drop in the S&P did not cause any weird hooks or unexpected rotations on the Relative Rotation Graph. If we start off in the leading quadrant, we see that the tails for XLU, XLRE, XLF, XLI and XLB had already started... READ MORE
A lot of (very educated) people want us to believe that the market is a random walk. And you know... Maybe sometimes it is, but not always. This morning, I ran into the chart of Pfizer (PFE) again. I've been monitoring that chart since I wrote about it... READ MORE
In this episode of DecisionPoint, with the Nasdaq hitting 10000 on Wednesday, Carl and Erin take a deep dive into exclusive DP indicators for the Nasdaq to reveal some surprising negative divergences. Carl discussed the concept of "single-entry bookkeeping" and the false optimism it can create. Erin finishes... READ MORE
Gold shot up, Bonds (TLT) rallied, oil flew and the economic Modern Family showed its reliability once again. After the FOMC and the super dovish minutes were released, here is the skinny of the FOMC major points: unlimited stimulus, rates near zero for at least a year and a half,... READ MORE
Trading is often a challenge, but can be made easier by following a process. In this edition of Trading Simplified, Dave explains the problems you can run in to with your trading, but also provides possible solutions that can help take your trading to the next level. This video was... READ MORE
(Editor's Note: This is an expanded version of an item in last Friday's DP ALERT WEEKLY WRAP.) Last week we added some indicators to the Gold Miners Index (GDX) chart. First, Erin really likes the RSI, so she encouraged me to put that on the daily... READ MORE
On this episode of Sector Spotlight, after a quick overview of asset classes and sector rotation, I dive into the mailbag and answer three questions. One of them shows two quantitative studies involving expected returns after a tail turning into a 0-90 degree heading. This video was originally broadcast on... READ MORE
Every Friday on The Final Bar, I conduct a weekly chart routine called "Wrap the Week" where we review macro charts and how they've evolved over the previous seven days. This week was focused on the unrelenting uptrend in stocks, but a deeper analysis after the... READ MORE