As this epic year comes to a conclusion it is appropriate to look back as well as look ahead to 2020. Below are links to the most recent Power Charting episodes where we review 2019 and then consider the forces that could influence the major indexes in the year ahead.... READ MORE
GAMBLING STOCKS LEAD XLY TO RECORD...Chart 1 shows the Consumer Discretionary SPDR (XLY) hitting a new record high yesterday. The XLY closed above a flat trendline drawn over its July/September highs to complete a bullish "ascending triangle" formation. Assuming it can hold on to that upside... READ MORE
The Indian headline index NIFTY ($NIFTY) moved past its double top resistance level of 12103 on a closing basis, ending at a fresh life-time high at 12221.25. However, looking at the broader NIFTY500 Index ($CNX500) throws up some interesting insights. The above chart tells a story of a thousand... READ MORE
If you're trying to think of the best performing semiconductor stock ($DJUSSC), you're heading in the right direction. The DJUSSC has been outstanding throughout much of 2019, gaining nearly 50%, rising from 2888 to 4234 at yesterday's close. Semiconductor stocks actually take up the... READ MORE
In this edition of StockCharts TV'sSector Spotlight, I present a short overview of relative trends in play for asset classes and US sectors. Afterwards, I take a deep dive into the rotations of the DJ Industrials index ($INDU) and identify a pair trade idea for this week stemming... READ MORE
Many software stocks peaked in price late July as reduced corporate spending worries, coupled with high valuations, pushed these stocks down. The good news is, these formerly leading stocks are coming back into favor as growth prospects are high and the economic outlook has brightened. Today, we're going... READ MORE
Is the market in the process of melting down - or melting up? In this episode of DecisionPoint, Carl and Erin discuss the implications they've made about the state of the market from the DecisionPoint indicators, including the new Golden and Silver Cross Indexes. Erin also demonstrates how... READ MORE
I've written before about the importance of a good morning coffee routine. These are the charts you review first thing in the morning as a way of enhancing your market awareness. The first chart on your list, given that you're a long-term investor, should be a... READ MORE
Today I decided to revisit my my Dad (Carl)'s Scan, a very simple combination of rising Price Momentum Oscillator and negative configuration of the price EMAs. The one problem with this scan is that it finds "beat down" stocks that are in the process of reversing.... READ MORE
GLOBAL STOCKS START THE WEEK ON A STRONG NOTE... Stocks around the world are starting the week on a strong note. That includes foreign developed and emerging markets in Europe and Asia. The three U.S. stock indexes are hitting new records. So are a number of sector SPDRS including... READ MORE
Longer-term trading is where the money is, but, unfortunately, so is the excessive risk. Shorter-term trading is much less risky, but you don't make enough, especially since big adverse moves can still occur. The great thing about trading is that it doesn't always have to be... READ MORE
One week ago, I indicated that I'd have 5 trading candidates for anyone who signed up for a $7 30-day trial. It was similar to the Monday Setups that I had previously provided on MarketWatchers LIVE, the flagship StockCharts TV show that I had hosted for two years.... READ MORE
The Gold SPDR (GLD) and the Gold Miners ETF (GDX) have been trending lower and lagging the broader market since September, but breadth indicators show signs of strength within the Gold Miners ETF. Today we will examine four breadth indicators and analyze the price chart for GDX. While breadth can... READ MORE
I am extremely bullish as we head into 2020. Everything is lining up, but there are two factors that I believe will help us help our members - both professionals and individual traders. First, the Fed has finally moved into the dovish position it should have been in one year... READ MORE
The risk-on global setup towards the end of the week saved the Indian markets from ending on a net negative note. Following a weak initial performance, the Indian markets picked up in the second half of the week. The NIFTY pulled itself back after testing the lower end of the... READ MORE
Reports of a trade agreement between the U.S. and China pushed global stock prices sharply higher today. Chart 1 show the S&P 500 reaching record territory. So did the Nasdaq. Small cap stocks continued to show relative strength. Chart 2 shows the Russell 2000 iShares (IWM) hitting... READ MORE
Periodically, I'd like to look at some of my previous "DP Diamond" selections and show you some successes (darlings) and failures (duds). They don't all do what they should, after all. I have to say though, I find far more "darlings" in... READ MORE
In the last two weeks the S&P 500 has advanced about +3.75% from its low, and about 1.5% of that move was due to two days of news-generated rallies -- the favorable jobs report last week, and apparent successful completion if Phase I of the China... READ MORE
When Charles Schwab recently announced they were cutting their online brokerage commissions to zero, the other major brokerage houses fell in line. Then, shortly after, Schwab announced they would be buying Ameritrade. Game on! The most amazing part of this major development is it gives traders a tremendous amount of... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen presents a powerful-but-simple strategy for identifying stocks that are reversing their downtrends. In addition, she shared how to spot stocks on the move and poised to trade higher. This video was originally recorded on December 13, 2019. New... READ MORE
After 20 years of teaching at over 200 continuing education classes, dozens of seminars and conferences and many other events, I've seen, heard, read, and watched it all. Witnessing 5,000 students over these years, I could write another book on the thousands of observations I've... READ MORE
It made sense to underweight healthcare (XLV) throughout much of 2019, but that's no longer the case. In fact, my proprietary momentum ranking system ranks healthcare behind only technology (XLK) and financials (XLF) in terms of sector momentum. The StockCharts Technical Rank (SCTR) has the same ranking as... READ MORE
We are seeing breakouts and new highs galore in the stock market. Does this sound the all clear? Hardly. Investors waiting for the all clear will probably be waiting a long time. Moreover, the "all clear" could even mark the top, because that's just the way... READ MORE
I had quite a few email requests for symbols that readers are looking at as potential "Diamonds" - I looked at them all and picked my five favorites! What was truly impressive is that some of these requests came in a few days ago and, since then, the... READ MORE
STOCK INDEXES HIT NEW RECORDS...Reports of a trade agreement between the U.S. and China pushed global stock prices sharply higher today. Chart 1 show the S&P 500 reaching record territory. So did the Nasdaq. Small cap stocks continued to show relative strength. Chart 2 shows the... READ MORE
Larry's goal is to tell you what is going to happen, not what's already taken place. In this episode of Real Trading with Larry Williams, Larry presents a new Great Unknown Growth Stock, Badger Meter (BMI), and discusses the Gold forecast, the US stock market and... READ MORE
This article will continue the presentation of various performance metrics on our trend strategies. We showed Chart A previously but are including it again before we introduce Chart B. Chart A shows the correlation of our two strategies and several other indices, relative to the S&P 500 Index.... READ MORE
The financial sector is one of the stronger sectors at the moment. Opening up the Relative Rotation Graph showing the members of this sector against XLF (as the benchmark) shows a concentration of asset managers and banks with positive rotations that are either inside the leading quadrant or moving towards... READ MORE
Today I modified the Diamond Scan to allow the PMO to rise only two days rather than three days. This opened up about 10 more stocks to view and, I have to say, it was easier to find diamonds in the rough using that technique. For those who love to... READ MORE
It's been quite a year for leading Semiconductor stocks, as demand for their chip technologies has been instrumental in pushing them higher. Today, Bank of America gave a "double notch" upgrade to Skyworks (SWKS), which means they moved the stock from Underperform to a Buy and... READ MORE
The market is beginning to act "toppy" again and could be forming a bearish double-top. In the meantime, the Dollar is falling fast, Oil is hitting resistance, Gold is limping along and Bonds are looking particularly bullish right now. Indicators are perking up somewhat, but overall there are... READ MORE
In this edition of Trading Simplified, Dave gives his thoughts on proper stock selection and how to learn it, with a particular emphasis on considering the "why" of a trade over the "what." He also explains his personal approach to picking great stocks, including how to... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I discuss the current sector rotation from a weekly and a daily perspective and take a closer look at Financials. A short-term pullback appears possible in the SPY. This episode of Sector Spotlight originally aired on December 10th, 2019. Sector... READ MORE
COPPER STOCKS REACH EIGHT-MONTH HIGH... My weekend message suggested that copper and stocks tied to it might be bottoming. This week's strong action by both appears to be confirming that optimistic view. Copper closed at a five-month high yesterday (and is trading higher again today). Materials are today&... READ MORE
It wasn't too long ago that no one wanted to own a drug retailer ($DJUSRD), but after the group pushed to 9 month absolute and relative highs, a few stocks in the group suddenly became fashionable once again. Perhaps the biggest turnaround came in the form of PetMed... READ MORE
This is a sales pitch for my latest and last book, Investing with the Trend. Instead of hearing from me, I have included a few actual reviews from readers. I basically tell people that I dumped 40+ years of experience in this book. There are many things in this book... READ MORE
I've decided that, on Thursdays, I will take a look at some reader-requested "diamonds." With that in mind, I'm challenging my readers to find their own "diamonds in the rough" and send the symbol to me. I will pick five winners to... READ MORE
In this episode of DecisionPoint, Erin unveils the new DecisionPoint Sector ChartList, which combines the Golden and Silver Cross Indexes, Stocks Above 20/50-EMAs and the SCTR! She then studies XLE, XLU, XLRE and XLK in detail. Meanwhile, Carl gives the lowdown on DP Indicator action, before analyzing some of... READ MORE
The S&P 600 Small Cap Index ($SML) broke out again on Friday, closing above 1000 for the first time since October 9, 2018. Its all-time high close is 1098, so the index still has a lot of work to do. I believe this work is likely to be... READ MORE
This article also appeared in our ChartWatchers newsletter (12/7). Last Wednesday, I published an article in the RRG Charts blog titled "Stocks Remain The Only Asset Class Inside The Leading Quadrant Going into December". As the title suggests, that article primarily looks at the rotation for asset... READ MORE