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
STEEPER YIELD CURVE SUPPORTS STRONG FINANCIAL STOCKS...A lot of positive group rotations have taken place in the stock market over the past two months.We've seen new money moving into domestic small caps stocks, as well as economically-sensitive transports. We've also seen cheaper value stocks... READ MORE
In last week's Sector Spotlight episode, I discussed the positive rotation of the Consumer Discretionary sector on RRG. During the live show, I focused (too much) on the sector and only managed to talk about a few individual stocks. This article will highlight some of the names in... READ MORE
I completely understand that it's really not possible, but Wall Street does provide us a number of clues. When a company is being accumulated and is outperforming its industry group peers plus the benchmark S&P 500, there's typically a reason for it. As I&... READ MORE
I found more "Momentum Sleepers" today with the scan of the same name. Quite a few have weekly charts that are encouraging. So, even though the stocks on this scan are "beat down" and likely best for shorter-term investors, I found stocks with bullish weekly charts... READ MORE
SEMICONDUCTOR INDEX IS FORMING TWO TRIANGLES... A lot has been written lately about the formation of triangular patterns. Here are couple more applied to the same group. Chart 1 shows the Philadelphia Semiconductor Index ($SOX) moving up to test its flat trendline drawn over its July/September/October highs. The... READ MORE
Bullish continuation patterns are my favorite patterns when it comes to stocks and ETFs. As the name suggests, bullish continuation patterns, when confirmed, signal a continuation of the prior trend. Furthermore, because it is a "bullish" continuation, it means the prior trend was up and that trend is... READ MORE
As a trader, I'm constantly watching my industry group relative strength charts. There are 104 of them, so I could look at each one individually....or I could use the cool StockCharts tools to do all the work for me. Once I am in the ChartList that I&... READ MORE
The Financial sector (XLF) continues to pick up relative strength. On the weekly RRG, XLF just moved into the improving quadrant and is positioned very close to the center of the chart. On the daily RRG, a very nice and strong rotation can be seen over the last three weeks.... READ MORE
It was a new top on the SPX as today's intraday was below yesterday's. This makes the third top of a possible triple-top, but, whether that pattern appears or not, this last price top is lower than the previous two. I am still considering the possibility... READ MORE
I ran my Momentum Sleepers Scan today. I previously found this one to be quite successful in the short-term on MarketWatchers LIVE. There appears to be momentum under the surface of some very rough diamonds. I'll tell you up front that the weekly charts for these stocks aren&... READ MORE
Amazon.com Inc. (AMZN) has been struggling of late following a 12.5% drop from its peak in price during early July. As you can see in the chart below, the stock has been trading below its key 50-day moving average for the past 3 months. Tomorrow's release... READ MORE
BOTH S&P 500 ETFS ARE NEARING OLD HIGHS...Chart 1 shows the S&P 500 SPDR (SPY) moving closer to a test of its July/September highs. It would take a close above its September intra-day high at 301.24 to put it at a record high.... READ MORE