The selling we saw this week was one for the ages. Yes, I've been extremely bullish for a long time and it's primarily because of the economic environment. There's never been a time when we've been looking at moderate growth, historically-low interest... READ MORE
Are the markets oversold? Yes. Is it reasonable to expect that next week will see the markets recover at least a bit after this week's mayhem? Absolutely. But here are three charts suggesting that any short-term market bounce will most likely be followed by further downside for stocks.... READ MORE
It's been quite a week, but the charts are starting to look to me as if a bottom is close at hand. In order to identify one, I look at a couple of factors. First, are there any signs of a one or two bar reversal pattern? Take... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews bright spots in the market and what to be on the lookout for next week. She also shared stocks poised to benefit longer-term from the coronavirus, as well as the best timeframe chart to use in the... READ MORE
What a week... Where do I start??? Let's just say that this was not a boring week for the markets...... at all! When markets go crazy and swings get out of control, I have learned to step back and look at the bigger picture - and keep it... READ MORE
My fiancé texted me after the close on Monday afternoon with a link to some newspaper article about the major selloff. "You were right!" she added. I chuckled and tucked the phone back in my pocket. See, every Sunday, Hannah graciously puts up with me as I take... READ MORE
The selloff has been sharp, it's been fast, and it's been severe. And it may not be over. Huge spikes in the Volatility Index ($VIX) establish major market bottoms and Thursday's VIX close at 39 certainly qualifies as that. The following chart shows you... READ MORE
VIX CLOSES AT HIGHEST LEVEL IN TWO YEARS... Stocks sold off hard again today with more 200-day moving averages being broken. The inability of stock indexes to offer any buying near those long-term support lines is a very discouraging sign. So was today's large jump in the CBOE... READ MORE
Days with wild swings, as we are seeing at the moment, are either heaven or hell, depending on what kind of trader or investor you are. Those looking for action will have a field day. But how do you easily find tradable securities? And how do you get a handle... READ MORE
One week ago, the U.S. stock market was euphoric and it had a right to be. Companies that have been able to grow earnings rapidly in a historically low interest rate environment, with rates likely to move even lower, were seeing those earnings valued at a record level. GDP... READ MORE
The S&P 500 has dropped 8.2% since hitting a new high in price just six days ago, and the heavy selling has pushed many individual stocks down even more. That may be great news for those looking to purchase high quality stocks at a discount; however, there... READ MORE
S&P 500 APPEARS HEADED TOWARD 200-DAY AVERAGE... An early rebound attempt faded today and the Dow and S&P 500 ended the day lower. Only the Nasdaq managed to hold onto a small gain. The Dow Industrials closed below their 200-day average for the second day in... READ MORE
In this edition of Trading Simplified, Dave walks viewers through some key traits of successful traders and how viewers can acquire them. These include topics like patience, negative and positive emotions and dealing with the mediocracy. This video was originally recorded on February 26th, 2020. Click anywhere on the Trading... READ MORE
In this edition of StockCharts TV'sSector Spotlight, I analyze the impact of current market movements on sector- and asset-class rotations. After the break, I answer a question from the mailbag and introduce a new pair trade idea. This video was originally recorded on February 25th, 2020. Click anywhere... READ MORE
* Some Signs of Weakness * On a More Bullish Note * Mind that Gap and Volatility Last time I wrote about the stock market was the first week in February, where I concluded that a couple of indicators were oversold, but that many others were not, so further corrective action probably lay... READ MORE
MARKET ROUT CONTINUES... Stocks tumbled for the second day in a row and in heavy trading once again. And important support levels are being broken. The S&P 500 and Nasdaq fell below their January lows today and further below their 50-day averages in pretty decisive fashion. Charts 1... READ MORE
Since November, I've had a recurring segment in each episode of Sector Spotlight on Pair Trading Ideas. Every show, I try to come up with a pair trade idea using Relative Rotation Graphs on various universes and on various timeframes. These ideas were, and still are, practical examples... READ MORE
As I sat in the jury room today waiting for my panel to be called, I watched from my phone the crazy market action. It just figured I'd be stuck there without my giant display screen to decipher charts. Since Carl's article today was called "... READ MORE
GLOBAL STOCKS PLUNGE ON CORONAVIRUS SPREAD... Recent technical warnings that global stocks were vulnerable to more selling became a harsh reality today. And in a big way. Global stocks fell the most in nearly a year. Selling started in Asia and Europe before spreading to the states. And a lot... READ MORE
I have often thought of using technical analysis as being somewhat like being the pilot of a paddle wheel steamer on the Mississippi River in the 1800s. He watched for eddies, roiling, churning and waves to warn of the possible dangers and help guide the boat safely to its destination.... READ MORE
I heard one unmistakeable sound on Thursday and Friday. It was the sound of market makers driving away in Brinks trucks, you know, the kind that transports boatloads of money. Before I delve into the thievery that took place on Wall Street last week, let me first remind you of... READ MORE
GLOBAL STOCKS LOOK OVER-EXTENDED AND VULNERABLE... A number of recent messages have shown charts suggesting that the U.S. stock market looks overbought on the upside and vulnerable to some profit-taking. Not necessarily a major top, but a correction of some sort. Foreign stocks look even more vulnerable. And what... READ MORE
While trading just on the anticipated lines, the Indian equity markets continued to consolidate around critical levels throughout the previous week, ending flat with negligible loss. Just as mentioned and expected in the last weekly note, the NIFTY did not make any major headway; the upsides stayed limited and within... READ MORE
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 early September peak. A close above... READ MORE
Earnings season has come and (mostly) gone, with all of the major companies reporting Q4 numbers. The consensus is that, overall, earnings were strong, as witnessed by record levels in the market. But there were also companies that came up short that had charts showing warning signs, one of them... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews current market dynamics and what to be on the lookout for going forward. She also shares pockets of strength in defensive, along with growth areas of the market that appear poised to withstand virus-related fears. This video... READ MORE
This week's big winners were $GOLD and TLT, though the Dollar also did fairly well. Carl will be writing about these three (as well as Oil) in this week's edition of the "DecisionPoint Weekly Wrap" on DecisionPoint.com (We would love to have you... READ MORE
Before I tell you what we've just done, I need to issue a formal apology. To your family, your friends, your co-workers - everyone in your circle - I am sorry. See, we‘ve now added after-hours data to the Symbol Summarypage for both the pre- and post-market... READ MORE
After falling for over a year, the Regional Bank ETF (KRE) finally got its mojo back in the fourth quarter of 2019 and broke out to new highs. The ETF then became overextended in mid December and fell back to the 200-day SMA here in February. A potentially bullish setup... READ MORE
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