Market Recap for Tuesday, June 25, 2019 Sellers returned to the stock market yesterday as the NASDAQ posted a 1.51% drop, its largest decline since June 3rd. Volatility ($VIX, +6.68%) has been on the move higher as the market grows more nervous with the G-20 summit beginning later... READ MORE
SMALL CAPS CONTINUE TO UNDERPERFORM...Small cap stocks have been lagging behind larger stocks for most of this year. And in a big way. The black bars in Chart 1 show the Russell 2000 Small Cap Index (RUT) lagging behind the S&P 500 Large Cap Index (gray area)... READ MORE
Market Recap for Monday, June 24, 2019 The U.S. stock market waffled yesterday as the G-20 summit set to begin later this week. We know from history that any time the headlines are littered with US-China trade, we need to be vigilant. While there wasn't widespread selling... READ MORE
* A Weaker Dollar is Bullish for Gold * The Gold 6/15 PPO Model for Gold is Bullish * Global Gold is Breaking Out * Gold Shares Showing Signs of Strength * Gold Special K Crossed its Bear Market Trend Line Last week, Gold experienced an upside breakout from a multi-year base. I always... READ MORE
Market Recap for Friday, June 21, 2019 The S&P 500 ended Friday's session relatively flat, but had a very solid week as it raced to an all-time high before sellers hit on quad-witching day. As usual, quad-witching day volume was extremely heavy. I wouldn't... READ MORE
The S&P 500 hit a new high last week and the Health Care SPDR (XLV) broke out of a large symmetrical triangle with a big surge in June. The stock market is in bull mode and healthcare is coming alive. XLV was the worst performing sector from January... READ MORE
In our previous weekly note, we had mentioned the possibility of the markets not giving any runaway moves on the higher side. The week that went by remained on expected lines as the headline index resisted to one of its significant double top resistance areas, which lies in the 11840-11880... READ MORE
June is shaping up to be quite a month, with the S&P 500 on track to outpace January as the best-performing period. Of special note is this week’s move into Biotechnology and Small Cap stocks, which both have struggled since stalling out in February. With money flows... READ MORE
The market closed at an all-time high on Thursday, then on Friday it hit an all-time intraday high; however, there are some technical problems: (1) a bearish rising wedge pattern has formed; (2) there is an OBV negative divergence; (3) volume has been thin since the June low; and (4)... READ MORE
The price of gold ($GOLD) closed on Friday at $1400.10 per ounce. The weekly gain of 4.14% was the best such weekly advance since April 2016 and the close above $1400 was the first such close since September 3, 2013. Since testing 2019 lows on May 21st, GOLD... READ MORE
Has the slow and grinding uptrend in the US Dollar finally reached its exhaustion point? A quick review of the charts suggests this may be the case. The $USD chart has certainly been a frustrating one for Dollar bulls, as the trend, while steadily positive, has not provided the upside... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, June 18th at 2:30pm ET. Several reliable short-term oscillators have just turned bullish. Chart 5, for instance, features my Dow Diffusion Indicator. This one is similar to the Global Oscillator, but... READ MORE
On the above Relative Rotation Graph, which shows the rotation for international stock indexes against the Dow Jones World index, we really ought to pay attention to the long tail inside the weakening quadrant for the Chinese market. This rotation follows a strong performance of the Chinese market during the... READ MORE
Years ago, I was looking to hire a junior analyst to focus on database management and creating new data visualizations. We received quite a large pile of resumes; I'll never forget spending an afternoon flipping through papers until one of the them jumped out at me. What stood... READ MORE
NEGATIVE FOREIGN YIELDS LEAD TREASURY YIELDS LOWER...Bond yields are dropping all over the world. The British 10-Year yield fell this week to the lowest level since 2016 (0.80%). The Japanese yield remains in negative territory. Nearly a quarter of bond yields in global developed markets are already negative... READ MORE
* S&P 500 Affirms Weight of the Evidence. * New Highs Expand Yet Again. * Sector Table Improves with Two Bullish Signals. * Healthcare and Technology Lead New High List. * What if you already Knew....? * Art's Charts ChartList Update. ... All Time High Means only One Thing ... The S&P... READ MORE
Market Recap for Thursday, June 20, 2019 More dovish Fed policy is already having its effects. The anticipation of those changed policies has sent investors around the globe into U.S. treasuries, as yields have dropped precipitously since Q4 2018. But yesterday, U.S. equities climbed aboard as the S&... READ MORE
Market Recap for Wednesday, June 19, 2019 Yesterday was Fed day, or Fednesday as one MarketWatchers LIVE viewer said, and U.S. equities liked what the Fed had to say. What it had to say was essentially what most market pundits were expecting - that the word "patient"... READ MORE
Relative Rotation Graphs can be used to visualize the relative movement of much more than just stocks and sectors. In the example below, the RRGshows the relative rotation for the G10 currency universe usingUSD as the base currency.In this case, you will see nine currencies, all expressed in USD... READ MORE
Yesterday, in a DP Bulletin, I covered the new IT BUY signals on the NDX and Dow. We should soon see the Dow's weekly PMO click a new IT BUY signal. That would only leave the Long-Term PMO SELL signals that still linger on the monthly charts. Indicators,... READ MORE
STOCKS GAIN ON EXPECTED RATE CUT... The Fed left rates unchanged today, but dropped the word "patient" from its statement, and gave the strong impression that a rate cut is likely. Fed fund futures are betting on a rate cut in July. That sent bond and stock prices... READ MORE
TRIANGLES ON DISPLAY...Today's earlier message showed the S&P Bank SPDR (KBE) trying to rise above its 200-day moving average. It also mentioned that regional banks were leading today's bank rebound. While drilling down through some regional bank charts, I noticed that many of... READ MORE
HEALTHCARE SPDR NEARS UPSIDE BREAKOUT...Money has been flowing into healthcare stocks since the end of April. And the sector may be on the verge of a bullish breakout. The daily bars in Chart 1 show the Health Care SPDR (XLV) testing its early March intra-day peak at 93.10.... READ MORE
I featured GE in mid-May as it attempted to break out of a falling wedge (DITC on May 15th). The breakout failed as the stock fell back in May, but a higher low formed and a triangle evolved. Overall, some sort of bullish consolidation formed from February to June and... READ MORE
... As a trend-momentum kind of guy, my first task is to find stocks with strong uptrends and this starts with a scan. Chartists looking for scan ideas should first find several visually appealing price charts and then study these charts carefully. Stocks like Autozone (AZO), Gallagher (AJG), Abbot Labs (ABT)... READ MORE
Market Recap for Tuesday, June 18, 2019 It was a day of rallying global equities, especially in the German DAX ($DAX, +2.03%). The DAX ($DAX) moves more in sync with U.S. equities than any other foreign equity market - in my opinion. The long-term positive correlation between the... READ MORE
More changes to report on the DP Scoreboards, as well as a pending signal. Both the NDX and Dow Industrials garnered IT Trend Model BUY signals when the 20-EMA crossed above the 50-EMA for both. You'll note that the Dow is the only one left out on the... READ MORE
* US Breaking Out Against the World * The World Itself Looks to be in Pretty Good Technical Shape * NYSE A/D and Upside/Downside Lines at Record Levels * More Short-Term US Market Indicators Turn Bullish * Multiple Momentum Trend Line Breaks is Very Positive * There Is Always Something to Worry About US... READ MORE
Market Recap for Monday, June 17, 2019 Facebook (FB, +4.24%) announced a platform cryptocurrency with a white paper due out today, while Netflix (NFLX, +3.21%) received positive comments from a Piper Jaffray analyst looking for solid results out next month. That combination lifted communications services (XLC, +1.14%... READ MORE
Technical analysis offers an unbiased truth about the markets. I am writing this article because I have a large number of new readers. I addressed this subject a few years ago. If one is going to follow and utilize a particular discipline, hopefully they have done a thorough investigation as... READ MORE
It has been a rough three months for many biotechs and the Biotech iShares (IBB), but Illumina (ILMN) rose above the crowd with a big gain and three month high. The long-term chart also looks bullish. The table below shows the Biotech iShares and the top ten stocks (sans Celgene)... READ MORE
Market Recap for Friday, June 14, 2019 The big news on Friday was Broadcom's (AVGO, -5.57%) quarterly results and outlook, neither of which were particularly good. AVGO fell short of its revenue estimate and offered a very broad warning regarding upcoming revenues in the semiconductor industry ($DJUSSC,... READ MORE
First of all, let me say that I really appreciate any feedback and comments I get on any of my articles, either via DISQUS below each blog post, via email or in SCAN. I do read all of them and I try to answer most of them, I think my... READ MORE
In yet another wide-ranging week, the NIFTY oscillated in a 400-point range, ending the week with a modest cut. In our previous weekly note, we had raised concerns about the NIFTY failing to confirm the attempted breakout. In line with the our analysis, the index did not show any intention... READ MORE
Sometimes I can be a little slow on the uptake, and the monthly gold chart is the latest example. This week it dawned on me that gold is in its seventh year of forming a bullish saucer, which would be the reverse equivalent of a bearish rounded top. After activating... READ MORE
Viewers of MarketWatchers LIVE know how much I rely on my scans to find all those interesting symbols I review. In a ChartWatchers article last month, I shared my new favorite scan (Bullish EMA | Midrange SCTR), where I adjusted my time-tested "scan to rule them all" and found... READ MORE
At EarningsBeats.com, we track the best U.S. companies in a "Strong Earnings ChartList." In order for a company to be included in our ChartList, they must do 3 things: (1) Beat quarterly revenue estimates (2) Beat quarterly EPS estimates (3) Look solid technically If a company... READ MORE
Editor's Note: This article was originally published in John Murphy's Market Message on Friday, June 14th at 1:20pm ET. Chart 1 is taken from the Sector Summary page for the past month. And it shows that investors are still gravitating toward defensive issues. Four of... READ MORE
Many a pundit considers small-caps as the canaries in the coal mine and this implies that relative weakness in small-caps is negative for the broader market. As Missanei of Game of Thrones might say: It is known. Known, yes, but is it actually true? In the interest of full disclosure,... READ MORE
The mountaineers “Essential 10 Checklist” is seared into the memory of every serious hiker and climber. Why? Because it may literally determine life or death. Similarly, every investor's financial life or death is determined by what I am calling the “Investors Essential 10 Checklist”. Both checklists are comprehensive.... READ MORE