MAJOR STOCK INDEXES END WEEK SLIGHTLY LOWER...After an unusually volatile week which included a plunge in the price of oil below zero, major stock indexes ended the week with small losses. Which leaves their overall trend patterns little changed. Chart 1 shows the Dow Industrials ending the week just... READ MORE
I always love having the added bonus of guaranteed buyers when I see a stock that's broken out. That's what happens when a huge percentage of a company's float is short. In December 2019, I wrote a ChartWatchers article, "Here's A... READ MORE
In the previous weekly note, we mentioned the loss of momentum in the technical pullback that the markets had started to witness. In the week that followed that note, the loss of momentum became more evident. Despite a 500-point oscillation and a trading range, the NIFTY halted its pullback and... READ MORE
The two most popular biotech ETFs are leading the market this month and making big statements. Before looking at these two, note that they are quite different. The Biotech ETF (IBB) is dominated by large-cap biotechs with the top ten holdings accounting for over 50%. The Biotech SPDR (XBI), on... READ MORE
The broader markets continue to climb a wall of worry with an impressive bear market rally that's been able to shrug off a barrage of negative news. A close look at this rally reveals a divide in the markets where select areas of outperformance are leaving the rest... READ MORE
Editor's Note: This is an updated version of an article originally posted on Martin Pring's Market Roundup on April 21, 2020. In recent articles, I have pointed out that quite a few of the short-term indicators reached well beyond their normal oversold readings at the March... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the current state of the markets after a tumultuous week. She focuses on high profile stocks that reported earnings. This video was originally recorded on April 24th, 2020. Click on the above image to watch on our... READ MORE
One of the ways I like to measure offensive vs. defensive pressure in the equity market is using the ratio of Consumer Discretionary to Consumer Staples. Watching this ratio can tell you whether institutions are betting more on the "offense," like retail and travel names, or the traditional... READ MORE
Zoom Video Communications, Inc. (ZM) broke out technically just before the start of the NFL Draft and continued its stealth move higher on Friday - that is, until Facebook (FB) announced that they wanted to join the video meeting party. ZM traded as high as 181.50 intraday on Friday,... READ MORE
In the latest episode of my StockCharts TV series Sector Spotlight, I took an in-depth look at the relative rotation of asset classes vs. VBINX, the Vanguard Balanced Index fund, which represents a 60/40 stocks/bond portfolio. The image above shows the investment pyramid that I use to show... READ MORE
A few weeks ago I joined David Keller, Chief Market Strategist of StockCharts.com and host of SCTV's "The Pitch", to explore opportunities created by the COVID-19 panic. I explained at that time that my analytical background led me to research the massive rotation that took... READ MORE
GOLD MINERS ACHIEVE UPSIDE BREAKOUT... The price of gold continues to rise. Chart 1 shows the Gold Shares SPDR (GLD) trading higher and nearing another seven-year high. Gold miners, however, are doing even better. The daily bars in Chart 2 show the VanEck Vectors Gold Miners ETF (GDX) jumping more... READ MORE
In this episode of DecisionPoint, Carl opens the show with a market overview looking particularly at short- and intermediate-term indicators. Carl and Erin comment on the bullish bias that seems to be prevalent in this rally off bear market lows. Erin looks at the Gold Miners' big breakout and... READ MORE
Recently I have been picking up some work that I had done in the past with regard to plotting (sector) breadth data on Relative Rotation Graphs. You can review the segment in this episode of Sector Spotlight and read more about possibilities with breadth on RRGs in this article "... READ MORE
In the 4/14/20 episode of my show Sector Spotlight, which airs every Tuesday at 10:30am ET on StockCharts TV, I talked about plotting breadth data on a Relative Rotation Graph. The link below starts at that segment. In this article, I will add another option to take... READ MORE
Editor's Note: This article was originally published on Monday, April 20th at DaveLandry.com. Markets trade on emotions, period. I read those emotions through the charts. To help wrap my head around things, I also like to listen to the "man on the street." I have... READ MORE
In this edition of Trading Simplified, Dave gives a rundown of current market conditions, then continues his discussion of the 12+1 trading rules he follows and the trading psychology behind them. This video was originally broadcast on April 22nd, 2020. Click anywhere on the Trading Simplified logo above to... READ MORE
The front line index NIFTY50 ($NIFTY) and the Nifty Bank Index ($BANKNIFTY) have always shared a steady one-sided relationship since the inception the two indices. The above chart shows the NIFTY and BankNifty's co-performance since inception. Right from the introduction of these two indices in the year 2000,... READ MORE
My father used to tell me that "a little inflation is a good thing." I never fully understood this, but I'm guessing I'll soon find out why. The May contract for oil went negative, way negative - closing at -$37.63. This means... READ MORE
In recent articles, I have pointed out that quite a few of the short-term indicators reached well beyond their normal oversold readings at the March lows. Historically, this is has been a very bullish characteristic, often signaling the end of a bear market. The difference between now and most of... READ MORE
Before I comment on the charts, a note about the US Oil Fund ETF (USO). News is news, and clearly, it's not been good. But charts are better. With two huge volume days in a row and prices that tanked, a blowoff bottom is not an impossibility. In... READ MORE
Every Monday on StockCharts TV's The Final Bar, we look at the markets from three perspectives: top-down macro, sector rotation and bottom-up stock selection. In this week's review, we identified three sector charts that are potentially turning bearish and suggest broader weakness in the equity space.... READ MORE
The S&P 500 component stocks are divided into eleven sectors, and five of them have rising wedges that have broken down. A rising wedge is a bearish formation, and, even in a bull market, it will resolve downward more often than not. In a bear market the odds... READ MORE
On this episode of Sector Spotlight, I perform an in-depth overview of asset class rotations, finding that RRG still suggests a cautious approach for stocks; meanwhile, (long) bonds are on the verge of breaking higher, sending yields to even lower levels. This video was originally broadcast on April 21st, 2020.... READ MORE
MAJOR STOCK INDEXES ARE UNDER HEAVY SELLING PRESSURE...The plunge in the price of the May crude oil contract below zero this week, and the continuing plunge in oil prices in general, is taking a toll on stock market sentiment and trading. All three major stock indexes are under heavy... READ MORE
Last Friday, I made a video for my show on StockCharts TV (watch here) that began with a comparison of oil in the early-to-late 1970's period against what we're seeing now. With oil crashing to pre-WWII levels, the analogy is that super cheap oil has preceded... READ MORE
In the land of trillion dollar companies, it may seem difficult to find new and exciting young companies to invest in. But if you do some research, you can find them. When I was running scans and doing homework a couple weeks to uncover stocks for my Strong AD ChartList... READ MORE
Titan Industries Limited - TITAN.IN The chart above shows highest Put OI in Titan at 900 and maximum Call OI at 1100 for the April 30 expiry. To interpret this data, that means that it is highly unlikely that the stock will find strong support at 900 and strong... READ MORE
COVID-19 has lit a fire under one industry group that already was showing relative strength. Now its relative strength is off the charts and showing no signs of slowing. In fact, it closed at its highest level in more than two years and is within a whisker of a MASSIVE... READ MORE
STOCKS EXTEND APRIL RALLY...Stocks ended the week on a strong note to extend their April rally. The daily bars in Chart 1 show the S&P 500 climbing 2.6% on Friday to close just above its 50-day average at 2863; and slightly above its late February broken... READ MORE
After a sharp technical pullback in the week before this one, the Indian equities continued with the extension of the pullback, but on a very modest note. The trading range over the past five days remained broad, as the NIFTY oscillated in a 500-point range but kept the net incremental... READ MORE
While co-hosting the WealthWise Women show with me yesterday, Mary Ellen McGonagle said something that got my attention and filled me with intrigue. To summarize, she said that she was finding that the Technology sector is becoming more of a defensive one in the face of the coronavirus. That is... READ MORE
History tells us that, at major turning points for commodities, there is a strong, albeit imprecise, tendency for the gold price to have preceded that reversal. Gold generally leads because a rising price anticipates inflation, while a falling one anticipates deflation. This idea is represented by the rightward sloping solid... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the current state of the broader markets as companies begin reporting their Q1 results. She also highlights where the current strength is in the markets and provides insights into big name stocks that reported earnings. This video... READ MORE
Hello Fellow ChartWatchers! This week, it's story time. This past December, right in the midst of the holiday rush and the endless festivities of the season, a few of us from the StockCharts team put down the gift wrap, packed up our suitcases and flew across the country... READ MORE
Some promising news on a drug from Gilead Sciences (GILD) to help those with the coronavirus came out on Thursday after the market closed, which resulted in a big move in futures and a solid end to the week as traders got excited about the prospects of making progress on... READ MORE
Many are calling the recent market activity similar to the Great Depression of the 1930s. And clearly, there are some comparisons. But what did not exist in the 1930's was this level of QE. During 1932, with congressional support, the Fed purchased approximately $1 billion in Treasury securities.... READ MORE
With a surge over the last 18 days, the S&P 500 reclaimed the 50-day moving average for the first time since February 21st. The move is truly remarkable, but the index remains well below the falling 200-day SMA. Moreover, a 28.5% surge in 18 days recovered just... READ MORE
It's a new age. On March 25th, StockCharts TV held a sensational one-hour summit with 13 commentators focused on "Navigating the Bear Market". What came afterwards was equally big news. StockCharts made the commentators' charts available to download directly into your account together as a... READ MORE
STOCK INDEXES TEST SOME MOVING AVERAGE LINES... Today's strong price action suggests that stock indexes are trying to extend their April rebound. All major stocks got off to strong start. Chart 1 shows the Dow Industrials rising more than 2% today and nearing a test of its 50-day... READ MORE