GOLD MINERS ETF NEARS UPSIDE BREAKOUT... With gold surging again today to another seven-year high, gold miners are having an even stronger day percentage-wise. And are nearing a major upside breakout. Chart 1 shows the VanEck Gold Miners ETF (GDX) trading 3% higher today and nearing a challenge of its... READ MORE
There is no shortage of academic papers to validate the paramount importance of accurate sector analysis in producing market beating results. My own three decades of experience confirms this. Simply put, SECTORS MATTER! I was recently given the opportunity to attend a presentation by sector guru and strategist Denise Chisholm... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews some earnings-driven dynamics that are providing bullish upside for some unusual groups. She also shares individual stocks that appear poised to trade higher, along with the best timeframe of chart for entry/exit points in these fast... READ MORE
U.S. DOLLAR INDEX BREAKS OUT TO THE UPSIDE... The strong rally that started in the dollar in January passed another technical milestone this week. The daily bars in Chart 1 show the U.S. Dollar Index rising above its September/October peaks in yesterday's trading to reach... READ MORE
People who follow the RRG Charts blog and my other articles in the ChartWatchers newsletter, as well as this Don't Ignore This Chart blog, will know that I like a top-down, structured approach to markets. The starting point for this approach is always the Asset Allocation universe, which... READ MORE
In this edition of Trading Simplified, Dave talks all about how to get into hot IPOs early. As part of this, he presents the number one reason to trade IPOs and the ground rules for doing so. This video was originally recorded on February 19th, 2020. Click anywhere on the... READ MORE
Today Energy (XLE) was the best performing of the eleven SPDR sectors we follow. I have been watching the Energy Sector (XLE) for a few weeks, wondering if it was finally setting up for a rally. Price reached the bottom of a nine-month range, and the PMO bottomed, but that... READ MORE
* Secular Trend for the 20-Year Yield * Lower Down Curve Yields Are Already in a Secular Bull * Short-Term Oscillators Ready for Some Upside Action? The coronavirus has triggered concerns about the recovery, which in turn has resulted in a sharp setback for yields. Falling yields are bullish for housing starts, which,... READ MORE
GOLD RESUMES UPTREND... My weekend message explained why falling bond yields, and an over-extended stock market, might be two of the reasons that investors have been buying gold since the start of the year. And they're doing so in the face of a rising dollar. The message also... READ MORE
I write about this a lot. Putting a group of stocks together that have (a) beaten Wall Street revenue and EPS estimates in its latest quarter, (b) belong to one of the "favored" industry groups on Wall Street, and (c) show strong technicals, including bullish volume trends leads... READ MORE
Retail Furnishing stocks have been a hot area as new home sales have continued to grow in this low interest rate environment. While most of these Home Furnishers have been expanding sales through online digital channels, there's been one high-growth company that's making a name for... READ MORE
In this edition of StockCharts TV'sSector Spotlight, I cover a few questions that came in via the mailbag and used one of the questions to (re-)structure my asset allocation approach and visualize the investment pyramid. This video was originally recorded on February 18th, 2020. Click anywhere on... READ MORE
I've never really thought about it before, but putting together a portfolio is very similar to drafting NFL or NBA players. The idea in professional sports is to select someone who you believe will provide a major positive impact on your organization and to establish a winning tradition,... READ MORE
RELATIONSHIP BETWEEN GOLD AND THE DOLLAR... Last weekend's message explained that one of the side-effects of a rising U.S dollar is weaker commodity prices. And that's been the case so far this year as a four-month high in the U.S. Dollar Index has pushed... READ MORE
Dow Theory applies the principle of confirmation to confirm primary trends. Charles Dow used the Dow Industrials and Dow Transports to confirm the primary trend for the broader market. The primary trend is up, and confirmed, when the Industrials and Transports both exceed their prior highs and record higher highs.... READ MORE
The previous week saw the markets consolidating in a 256-point move, as the headline index NIFTY50 ended flat with a negligible gain. After bouncing off from the 50-week MA in the earlier week, the NIFTY continued to trade near its critical zone of 12100-12225 throughout the week while making no... READ MORE
This week's federal court decision to allow the T-Mobile (TMUS)/Sprint (S) merger to go through has reignited select areas of the market that will be positively impacted by the boost in 5G adoption in the U.S. This is because the judge who presided over the decision... READ MORE
"How come small-caps aren't doing better when the market's making new highs?" I've heard some version of this question many times over the last couple years, starting with the emergence of the FAANG trade. Once that subsided and the market resumed its... READ MORE
Embrace this rally. As far as bull markets go, this is truly the Perfect Storm. Never in my lifetime have I seen a stock market environment where we're experiencing modest growth, strong jobs, lower-than-target inflation, historically-low treasury yields and a Fed that honestly should cut rates again. If... READ MORE
Back in December, I wrote an articlepointing out that the business cycle was nothing more than a set series of chronological sequences. The importance of this observation, for investors, is that the primary trend peaks and troughs of bonds, stocks and commodities fit nicely into that chronology, as shown in... READ MORE
As we were walking out of a meeting the other day, my good friend Dave Keller (our Chief Market Strategist here at StockCharts) said something that momentarily floored me. It made me stop what I was doing, zoom out mentally and really reflect on the past few months. Funniest part... READ MORE
10-YEAR TREASURY YIELD CONTINUES TO WEAKEN... Treasury yields are down again today, and are losing some of the gains made over the last two weeks. The daily bars in Chart 1 show the 10-Year Treasury Yield losing 3 basis points today to 1.58%. The pennant-like shape of its sideways... READ MORE
Two weeks ago, I wrote a ChartWatchers article titled "RRG Suggests Aggressive Trade Setup for XLY vs. XLV." In this article, I want to show you how you can take that idea one step further and, at the same time, answer a question on how you can easily... READ MORE
* Where Are We in the Cycle? * The Economy is Currently on the Side of the Bulls * The Technical Position of the DB Commodity ETF is Precarious Where Are We in the Cycle? Back in December, I wrote an articlepointing out that the business cycle was nothing more than a set... READ MORE
The title of this article might make you believe that we are bearish on the market. If you have read some of the last 200+ articles in this blog, you know that we do not make forecasts or guess about the direction of the market; we follow our rules-based trend... READ MORE
Below is today's Daily Market Report that I send out to EarningsBeats.com members every day, usually between noon and 1pm EST. Enjoy! Executive Market Summary * Wall Street opened lower, but key indices are now flirting with positive territory * January CPI indicated inflation remains modest * The 10 year... READ MORE
CSCO peaked in the first half of 2019. The first time at $ 56.30 in April and then again in July at $ 57.40. A typical failure to convincingly break above a previous high. From July onward CSCO moved lower to a low around $ 43 at the start of December.... READ MORE
In this edition of StockCharts TV'sSector Spotlight, I discuss the current rotations for US sectors, then explain how to add a second(ary) benchmark to the RRG chart as a way of getting a more detailed analysis. This video was originally recorded on February 11th, 2020. Click anywhere... READ MORE
In this edition of Trading Simplified, Dave performs an in-depth follow-up on the Mystery Chart. Afterwards, he gives a short talk about IPOs. This video was originally recorded on February 12th, 2020. Click anywhere on the Trading Simplified logo above or at this linkto see a larger version on YouTube.... READ MORE
I just can't do it. I just can't bring myself to short stuff – the market, an individual stock, even something as seemingly harmless as an inverse ETF. I don't do it. I can't do it. I won't do it! Yep,... READ MORE
It's a Puzzle Regular readers of the RRG blog and my contributions to DITC and the ChartWatchers newsletter, as well as watchers of Sector Spotlight, will probably be aware of my recent research exercises to combine RRG with seasonality. The reason for doing that lies in my belief... READ MORE
MARKETS LOOKING BEYOND CORONAVIRUS THREAT... Price action of the global financial markets over the past week strongly suggest that fears of the coronavirus are fading.Major U.S. stock indexes are trading at new records. Foreign stocks are being led higher by Asian emerging markets, with help from China. Crude... READ MORE
An indicator that has become a favorite of mine is the Percentage of Stocks Above the 20EMA, because it is very straight forward and easily understood. Then a stock's price is above its 20EMA, it is a sign of strength, and, conversely, it is a sign of weakness... READ MORE
In this episode of DecisionPoint, Carl and Erin address a common question from many subscribers: "What will make you bullish?!". A viewer coins the expression "PermAware" for the Swenlin philosophy. In the vein, Carl gives his thoughts on divergences that have popped up, along with a... READ MORE
During the 4th quarter of 2019 Tesla came to life and leaped out of a multi-year trading range. Tesla's recent appreciation is likely indicating a period of robust business expansion for the electric automobile manufacturer (and battery producer). By some estimates there will be 15 new Electric Vehicles... READ MORE
I've written about this industry group on many, many occasions, but up until today, we've simply seen a bunch of false hopes. Today is THE BREAKOUT. We gapped above resistance and, thus far, are adding to early gains. A strong afternoon would seal the deal -... READ MORE
Bill.com (BILL) has been one of the better-performing IPOs to debut recently. The leading provider of cloud-based software that automates complex back-office financial operations popped more than 60% on its first day of trading two months ago. Why all the hoopla? The company partners with 70 of the top... READ MORE
VIPIND.IN - VIP Industries Limited VIPIND.IN marked a peak near 641 in August 2018, formed a lower top 562 and saw a range-bound corrective move that took the stock to 342. The stock has attempted to form a base around that level - given the multiple pieces of... READ MORE
I see so many comparisons to what was happening in 2007, as if the current market environment somehow should be compared to 2007. It shouldn't. 2007 was part of a 12-13 year secular bear market. 2020 is part of a lengthy secular bull market. The bullish boundaries of... READ MORE
Amazon is by far the biggest component in the Consumer Discretionary SPDR and its recent breakout bodes well for the ETF. The new highs in XLY and AMZN this month, however, did not carry over to the Equal-weight Consumer Discretionary ETF (RCD). RCD removes the Amazon effect by treating all... READ MORE