In this episode of DecisionPoint, Carl and Erin's topic of the day was bankruptcy and the S&P 500. They discuss the difference between Chapter 11 and Chapter 7 bankruptcies and how that could affect the make up of the S&P 500. They discussed the... READ MORE
Trading success, to some degree, is simply understanding the laws of supply and demand. There is a finite supply of shares available to buy of every stock traded on the various public exchanges. When the demand to buy those shares exceeds the supply available, price rises. Many of those involved... READ MORE
Below, I explore some of my more recent discoveries into trading psychology, with a focus on the importance of resisting short-term temptations - the micro is so much more important than the macro. I explain how this applies to you (and me!). And, most importantly, I discuss what we can... READ MORE
To follow up on the daily article featuring the weekly channel in Biotechnology (IBB): Since this is a weekly chart, what matters most is the weekly close. That means that, intra-week, we can consider price movements, but cannot consider a legitimate channel break up or down until the closing price... READ MORE
In this edition of Trading Simplified, Dave gives a bear market update including tools you can use for this time, and the next. He then continues on with his Trading Rules and coverage of the "Battle Within," trading psychology and how it all relates to you as a... READ MORE
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 back to 2015. Since this is a weekly chart, what matters most is the weekly close. That means that, intraweek, we can consider price... READ MORE
On this episode of Sector Spotlight, I walk through asset classes and US sectors using RRG in combination with monthly charts. Afterwards, I answer a question from the mailbag regarding the alignment of weekly and daily RRGs. In the seasonality segment, I highlight two sectors that are showing a strong... READ MORE
I was indoctrinated into using exponential moving averages (EMAs) out of necessity, back when I was generating data for the old DecisionPoint.com website. I was generating and maintaining data on Excel spreadsheets, and, if I wanted a 200-day simple moving average (SMA), I would need to keep 200 days... READ MORE
Happy Cinco de Mayo to all! Below is my Daily Market Report that is sent out every day to EarningsBeats.com members. If you'd like to subscribe, I'd love to have you join our growing community! Here's a link: Fully refundable $7 30-day trial... READ MORE
STOCKS OPEN ON A STRONG NOTE... Stock prices opened much higher this morning. And all three major stock indexes are bouncing off some moving average lines. Chart 1 shows the Dow Industrials bouncing off their 20- and 50-day moving averages which is usually their first line of support. Chart 2... READ MORE
At the end of the month, or the beginning of a new month, I like to look at the expected strength for sectors based on seasonality. The chart above visualizes the seasonal strength for US sectors in one 3D image. The numbers in the table represent the % of occurrences for... READ MORE
In the transportation sector, which is weakening partly because of Buffett's weekend comments, there is one area that is doing a lot better. Want to fly coast to coast? Not so much. Want to go to outer space? Sign me up! Virgin Galactic (SPCE) reports May 5th. The... READ MORE
When the CEO of a major corporation states: "You may want to take a seat" during their quarterly earnings report, you can bet that some serious news is about to be shared. And indeed, Jeff Bezos of Amazon (AMZN) dropped a bomb when he stated that the company... READ MORE
STOCK RALLY MAY HAVE PEAKED... A number of short-term technical indicators suggest that the spring rebound in stocks may have peaked this past week. The daily bars in Chart 1 show the S&P 500 selling off on Thursday and Friday after touching its 62% Fibonnaci retracement line (purple... READ MORE
The previous week saw the markets trading on a much better-than-expected note as the headline index continued to surge higher, ending with strong gains. The markets had seen a loss of momentum in the week before this one; however, the truncated week saw the resumption of the technical rebound, which... READ MORE
Stocks in general are undergoing some profit-taking today. And consumer cyclicals are one of the day's weakest groups. A big reason for that is today's big drop in Amazon.com (AMZN). Chart 1 shows that influential stock dropping -7% today on last evening's reported... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the impact of a late-week selloff on the broader markets. She also discusses the move within various sectors, with a spotlight on Gold stocks. This video was originally recorded on May 1st, 2020. Click on the above... READ MORE
Last Wednesday, the NASDAQ got within just a few very strong sessions of reaching its all-time high. Let me repeat; it's All-Time High! Notwithstanding the much-needed pullback on Friday, how is this even possible, with millions of people out of work, most of America shut down and most... READ MORE
Yet again, the Swenlin Trading Oscillators gave our readers early warning for today's decline. I have written about their previous successes in ChartWatchers, but I wanted to report back to you that they are continuing to be leading indicators. Below is an excerpt from yesterday's DecisionPoint... READ MORE
In my April 31st presentation on StockCharts (which aired earlier today on StockCharts TV), I begin by walking you through the Economic Modern Family (Russell 2000, Retail, Biotechnology, Regional Banks, Transportation, Semiconductors) using nothing but pure price. I used trendlines and channels I learned from my days trading on the... READ MORE
In a recent survey of serious investors, it was uncovered that a majority are earnest sports fans. Count me guilty. As I write this, we just completed the National Football League's (NFL) draft. But the focus here is not on simply one sport. All the major pro sports... READ MORE
Despite a massive advance the last six weeks, the bulk of the evidence indicates that we are still in a bear market environment. The advance off the March low, while impressive on its own, still pales in comparison to the prior decline. The S&P 500 SPDR retraced around... READ MORE
AMAZON SELLOFF HURTS CONSUMER CYCLICALS... Stocks in general are undergoing some profit-taking today. And consumer cyclicals are one of the day's weakest groups. A big reason for that is today's big drop in Amazon.com (AMZN). Chart 1 shows that influential stock dropping -7% today on... READ MORE
The S&P 500 has rallied more off the March 23rd bottom than just about anyone could have predicted and it's done it in record time. I've remained bullish from a longer-term perspective, relying on the secular bull market advance that began in 2013 when... READ MORE
Commodities have been badly beaten up in the last few months, but no market goes down for ever, so it's natural to ask the question of whether it's time for an upside reversal. The evidence for that is not conclusive yet, but there are some very... READ MORE
The Energy sector keeps coming back on my radar as a sector that's potentially turning around. The sector has been in a relative downtrend for ages already and, from a long-term perspective, things still do not look very good. However, things never look good just before or in... READ MORE
I haven't abandoned my philosophy of trading stocks of companies whose recent quarterly revenues and EPS beat Wall Street consensus estimates. Such companies are included on my Strong Earnings ChartList (SECL), which up until recently, I traded from exclusively. I still believe it's incredibly important for... READ MORE
In this episode of DecisionPoint, Carl and Erin reviewed everything from the Case-Schiller Home Price Index to SPX Earnings Estimates and Gilead Sciences (GILD). Erin covered brand new scan results that uncovered a few names you might want to consider. Big-name companies reported earnings today, so they revealed the charts... READ MORE
In this edition of Trading Simplified, Dave begins with a bear market update, then continues his discussion of the 12+1 trading rules he follows and the trading psychology behind them. For this episode, Dave focuses on the final rule, namely "The Battle is Within". This video was... READ MORE
Sugar futures, or the sugar continuous contract (you can also check out the July contract SBN20), rallied 4.5% today, leaving a potential bottoming pattern. Again. This is important for 2 reasons. First, sugar is tied to ethanol, so that could signal that the worst of the oil debacle is... READ MORE
Editor's Note: This article was originally published on Tuesday, April 28th at DaveLandry.com. In my 04/20/20 Bear Market Update, I wrote about the man on the street as a microcosm. In that article, I mentioned that one of the contractors for my house (the "... READ MORE
S&P 500 NEARS TEST OF 200-DAY AVERAGE...A positive report by Gilead Sciences on its Covid-19 drug helped stocks get off to a strong start today. The biotech stock is up 3% this morning on that report. Chart 1 shows the S&P 500 gaining more than... READ MORE
The Technology Sector (XLK) 20EMA is on the verge of crossing up through the 50EMA, a Silver Cross, which will generate an IT Trend Model BUY signal. Since price is well above the 20EMA, the crossover will probably take place tomorrow, or the day after. One thing that could prevent... READ MORE
On March 31st, I tweeted about the gold ETF (GLD). Let me just say, it is a good thing I do not rate my trading advice on the number of likes I get. So, with the tweet spot on, the very next day, me and my MMM Advantage members entered... READ MORE
On this episode of Sector Spotlight, I begin with a quick overview of what happened with asset classes and sectors in the markets last week. Afterwards, I take a look at the current state of sector rotation and finish up with an in-depth look at the relative rotation for all... READ MORE
Back in the days, on the Commodities Exchanges, we had no social media and little in the way of technical indicators. But what we had was PURE price action. In that spirit, today, we have everything a trader could hope for, and probably too much of it. That does not... READ MORE
DOW AND S&P 500 CLEAR 50-DAY LINES...Stocks spent Monday extending the rebound that started two months ago. And they continue to overcome some overhead resistance barriers. Chart 1 shows the Dow Industrials trading back above its 50-average for the first time since February. While Chart 2 shows... READ MORE
Below is the Daily Market Report (DMR) that I send out to EarningsBeats.com members every day that the stock market is open. I keep our members posted as to key developments, including what's driving the stock market in both the short-term and long-term. One key factor is... READ MORE
After declining over 35% from the 2020 peaks, the global equity markets found a temporary base, and, in the current technical pullback, have recouped over one-third of total losses. Traders and investors alike have formed differing opinions on whether the equities have bottomed out as they pulled back over the... READ MORE
Wyckoffian trendline analysis is a very powerful and useful tool. The stride of a trend is often set very early in the uptrend. This analysis is fractal in nature and can be employed in timeframes from very short term to very long term. If the stride is set early a... READ MORE