Today was a mixed bag as far as today's Diamonds were concerned. I ran quite a few scans, but wasn't particularly excited about many of the results. I was persistent, however, and found a handful that do look very interesting. Notably, I have three Energy stocks... READ MORE
The Russell 2000 Small Cap Index is on the move and, while these smaller stocks can provide outsized returns, there's also an inherent volatility that one needs to be aware of before venturing into this asset class. DAILY CHART OF LIFEVANTAGE CORP. (LFVN) Let's take a... READ MORE
The monthly Market Roundup video for November is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
DOW JOINS OTHER MAJOR INDEXES IN RECORD TERRITORY...Chart 1 shows the Dow Industrials trading above their July high to put them in record territory. The Nasdaq and S&P 500 hit new records last week. Financials and materials are hitting new records today as well. Other leaders include... READ MORE
Here's today's EB Digest article that I sent to free subscribers close to 8am EST this morning. I just wanted to provide a sample of what you'll get if you SIGN UP. Looking for a Negative Earnings Surprise I've been providing a... READ MORE
During a truncated week that began with a short Mahurut session, the markets ushered us into the new year on a buoyant note. In the previous weekly note, it was mentioned that the NIFTY's behavior against the price zone of 11700-11750 would be crucial to watch and that... READ MORE
NASDAQ AND S&P 500 END IN RECORD TERRITORY...A strong jobs report on Friday (two days after the Fed cut rates for the third time this year) sent stock prices sharply higher. Chart 1 shows the S&P 500 hitting a new high on Friday for the... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen uncovers areas of the market that are poised to outperform. She also discusses how to get in front of the best candidates, as well as failed breakouts and what to look out for. This episode originally aired on... READ MORE
Today saw fresh all-time highs hit on most of the broad market indexes. The weekly Price Momentum Oscillators (PMOs) just generated new Intermediate-Term BUY signals on all four DecisionPoint Scoreboard indexes (SPX, NDX, Dow and OEX). These signals are triggered when the weekly PMO crosses above its signal line on... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Friday, November 1st at 1:36pm ET. At Pring Turner Capital, the registered investment advisory firm where I serve as investment strategist, our investment approachinvolves the proactive rotation of client's assets... READ MORE
The venerable Advance-Decline and Advance-Decline Volume Lines are confirming the rising price tops over the last ten months, which is reassuring for the bulls. Unfortunately, some other breadth indicators disagree. Specifically, neither the SPX Silver Cross Index (percent of SPX stocks with 20EMA higher than 50EMA) or the SPX Golden... READ MORE
We are now deep into earnings season and, as we can see by the record highs in the NASDAQ and S&P, traders are mostly liking what they are hearing and seeing from companies who are reporting their numbers. We've seen some phenomenal moves in stocks -... READ MORE
The Nasdaq AD Line is not keeping pace with the Nasdaq Composite, but this is not bearish for the Nasdaq or the market as a whole. Note that the Nasdaq hit a new high in July and again on November 1st, even though the Nasdaq AD Line has been falling... READ MORE
* Commodities are in a Bear Market * The Stock Market May Be on the Verge of Signaling a Commodity Rally * Short-Term Commodity Momentum At Pring Turner Capital, the registered investment advisory firm where I serve as investment strategist, our investment approachinvolves the proactive rotation of client's assets around the... READ MORE
Investing is like a plumbing game. For this reason, the organization and organization of your ChartLists, along with your routines, matter big time! Figuring out where the funds are flowing and adjusting your piping system accordingly is the key objective. In this case, its money flow which is being piped... READ MORE
Ok, it might be a tad early to call it a leader, but transportation services ($DJUSTS) recently broke out to an 8 month relative high to the benchmark S&P 500. Money has been rotating there and we need to be aware of this relative strength. Before we look... READ MORE
It was a spooky Halloween WealthWise Women show today and, as part of the program, we played "Trick or Treat?" with securities. One of the agreed upon "treats" was Merck (MRK), which came up in my scan today as well as hitting Mary Ellen McGonagle'... READ MORE
Despite the S&P 500 making new highs and looking strong on the charts, it is definitely not the strongest market in the world at the moment... The RRG above shows the daily rotation for a universe of major stock market indexes around the world. The S&P... READ MORE
What is risk? The sterile laboratory of modern finance wants you to believe it is volatility. They say that volatility is defined as standard deviation. I have opposed that academic mentality often in these articles. If you use standard deviation it means you also believe the markets are random and... READ MORE
I honestly don't keep track of all of the Diamonds that I present, but now and then I am sure that there are repeats. Three of today's Diamonds were reported to you in the past; obviously they've continued to perform or else they wouldn&... READ MORE
The market continues to reach new all-time highs, but DecisionPoint remains cautious. The negative divergences on our Swenlin Trading Oscillators (STOs) is concerning and tempers the euphoria of reaching those all-time highs. Volume has been under the annual average and the Silver and Gold Cross Indexes tell us that less... READ MORE
FED RATE CUT AND DOVISH MESSAGE BOOST STOCK PRICES...The Fed lowered rates another quarter point today as expected, which was followed by a dovish sounding message from Mr. Powell. That pushed stock prices higher. Chart 1 shows the S&P 500 closing at another record high today. Chart... READ MORE
Stock market rotation occurs on a small level each and every day, but longer-term "big picture" themes emerge and it's critical for us to spot them early in their development in order to take advantage and ensure a much better chance of outperforming the major indices.... READ MORE
There were only three results on today's Diamond Scan, but I actually decided that all three passed muster. I ran a few other scans and Microsoft ("Mr. Softy" as Tom Bowley used to call it on MarketWatchers) made an appearance. I took a look at the... READ MORE
It's been quite an earnings season so far with over 80% of companies that have reported, coming in ahead of analyst's estimates. Even more impressive has been investor's response to these upside surprises with a large number of stocks gapping up in price. Today... READ MORE
The Relative Rotation Graph for US sectors remains characterized by steep moves on the vertical (JdK RS-Momentum) axis. This is the Rate of Change metric for the underlying relative trends. Sharp moves in an almost vertical direction, up or down, indicate a sudden change of the underlying trend. Looking at... READ MORE
HEALTH CARE SPDR NEARS RECORD HIGH...In a remarkable turnaround, the healthcare sector has gone from one of the year's worst performers to one of the strongest over the last couple of months. Chart 1 shows the Health Care SPDR (XLV) trading above its early July intra-day peak... READ MORE
The Biotech ETF (IBB) is making a bullish statement with recent developments in momentum, volume and trend. IBB is also outperforming its counter part, the Biotech SPDR (XBI), over the last two months. The chart below shows IBB surging around 10% from the early October low to the current high.... READ MORE
Today was an exciting day as new all-time highs were hit on many of the broad market indexes. I was salivating waiting to see what my Diamond Scan results would be! To my surprise, I only had four results. Meanwhile, the bearish Diamond Dog Scan produced 8 results. So, on... READ MORE
In this episode of DecisionPoint, Carl and Erin discussed the new all-time highs that broad markets accomplished today, but found that breadth was wanting. Volume was also suspect; a look at DP Short-Term indicators revealed serious negative divergences. Carl discussed wildfires and Generac Holdings (GNRC) and why it is prospering.... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the hot areas of the market and which areas within them are bullish. She also examines the move into the Energy sector, discusses the stocks that reported earnings this past week and talks about how to trade... READ MORE
Anyone who has followed my work for the past decade knows that I've remained steadfastly bullish despite all the negative media rants. Follow the charts. There is no recession. The economy will strengthen. We'll get a trade deal. Heck, even the Fed is finally on board... READ MORE
The year that ended today, with NIFTY closing at 11583.90, remained quite eventful for the Indian equity markets. We traditionally wish a "Happy and Prosperous New Year," and the current year remains prosperous in a literal sense. On the last trading day of the current Samvat on... READ MORE
In the previous weekly note, we had mentioned the possibility of the NIFTY consolidating in a defined range while having a limited upside. Though it traded in line as anticipated, the NIFTY spent a significant part of the week resisting and consolidating near the 11700-level. While continuing to stay above... READ MORE
SECTOR LEADERS...Chart 1 shows the weekly ranking for the eleven stock market sectors.Nine of them closed up for the week with only two losers. That reflects a generally higher market with major stock indexes nearing new records. The rankings also reflect a generally upbeat mood on the market... READ MORE
The market as a whole is not firing on all cylinders, but that is not really important. What, then, is important? We cannot expect a perfectly bullish stock market and rising tide that lifts all boats, as was the case in 2013 and 2017. Instead, we need to know which... READ MORE
The Russell 2000 Index bullishly broke back above its key simple moving averages over a week ago and, as you can see in the chart below, this Index has been able to remain above this key area of support. And while it's not the first time this year... READ MORE
Because of some recent articles I have seen, I decided to discuss the crashes in 1929 and 1987 on Monday's regular DecisionPoint show on StockCharts TV. What I didn't cover during the show was how the chart patterns of those two iconic events compare to the... READ MORE
On each of the past two Mondays, I've hosted webinars that have highlighted stocks poised to trend higher with earnings results. It's a concept I discuss frequently and most of it has to do with relative strength. If Wall Street is accumulating, we need to take... READ MORE
Editor's Note: This article was originally published in John Murphy's Market Message on Friday, October 25th at 5:04pm ET. A lot of positive groups rotations have taken place in the stock market over the past two months.We've seen new money moving into... READ MORE