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THE MSCI ALL-WORLD STOCK INDEX IS TESTING ITS EARLY 2018 HIGH -- ITS FOREIGN STOCK INDEX IS LAGGING WAY BEHIND -- AND IS TESTING RESISTANCE OF ITS OWN -- GLOBAL CENTRAL BANKERS ARE IN A NEW RACE TO PUSH HISTORICALLY LOW RATES EVEN LOWER
by John Murphy,
Chief Technical Analyst, StockCharts.com
ALL COUNTRY WORLD INDEX TESTS PREVIOUS HIGH...Global stock indexes are once again testing overhead resistance barriers. The weekly bars in Chart 1 show the MSCI All Country World Index iShares (ACWI) in the process of testing its previous high set at the start of 2018 (see red circle). Any...
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140 New Reasons to Join the ChartPack Investing Ecosystem - ChartPack Update #24 (Q2, 2019)
by Gatis Roze,
Author, "Tensile Trading"
Once again, a big shout-out to our Tensile Trading ChartPack User community. This has become a sensational crowd-sourced collection of the best-of-the-best charts and ChartList organization. We’re all profiting handsomely from improving this collaborative investing tool. Don’t be bashful. We invite you to be a “commentariat” as well....
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The State of the Stock Market - Large-caps Continue to Lead
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
... The S&P 500 SPDR hit another new all time high this week, while small-caps and mid-caps came alive, if just for one day. Even though small-caps and mid-caps are lagging since March, the new high in the S&P 500 affirms the bull market environment. Keep in...
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Blowout Earnings Overnight To Lift U.S. Equities
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Thursday, July 25, 2019
Dow Holdings (DOW, -3.83%) and Boeing (BA, -3.69%) weighed on the Dow Jones ($INDU, -0.47%) on Thursday, but this index of conglomerates still managed to outperform its major index counterparts. The big technical issue with DOW is that it ran...
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Healthcare Holds Breakout as XBI Hits a RAZ
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
Healthcare is not exactly a leading sector right now, but the Health Care SPDR (XLV) sports a big triangle breakout on the weekly chart and this breakout is holding. Note that SPY, XLK, XLY and XLP hit new highs in July and these are the chart leaders right now. Even...
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Strong Rotation For Technology Amid Shift To More Offensive Sectors
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
When I opened up the Relative Rotation Graph for US sectors (weekly version), the position and the current rotation for the Technology sector caught my attention.
If you are a regular reader of articles you will know that my default time frame is weekly. On that weekly RRG, XLK is...
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Earnings And Semiconductors Drive New Record Highs
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Special Note
I will be joining John Hopkins of EarningsBeats.com for a webinar on Monday, July 29th after the bell. It's the quarterly earnings webinar where I'll point out some of the biggest winners of earnings season to date. Those will be stocks that you...
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DP Mid-Week Alert: DP Indicators Pop!
by Erin Swenlin,
Vice President, DecisionPoint.com
Last week, I wrote about the bearishness of our indicators, excepting our very short-term analysis of breadth and the $VIX, which were pointing to higher prices this week. Well, there's been a character change on our short- and intermediate-term indicators that you should see. There were no real...
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UPS IS LEADING TRANSPORTS HIGHER TODAY -- SO ARE CH ROBINSON AND AMERICAN AIRLINES -- SMALL AND MIDSIZE STOCKS ARE ATTRACTING NEW BUYING -- SEMICONDUCTOR ISHARES HIT A NEW RECORD -- SO ARE TEXAS INSTRUMENTS AND LAM RESEARCH
by John Murphy,
Chief Technical Analyst, StockCharts.com
UPS GIVES BIG BOOST TO TRANSPORTS...The recent upturn in transportation stocks is starting to gain more traction. Chart 1 shows the Dow Transports rebounding nicely from last week's late selloff; that's helping to restore the bullish upturn that occurred at the start of last week....
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Trend Gauge
by Greg Morris,
Veteran Technical Analyst, Investor, and Author
A concept that was introduced to me long ago by my good friend Ted Wong is the use of multiple market indices and measuring their relationship to their moving average. Trend Gauge is comprised of two indicators; Mega Trend Plus and Trend Strength. A concept that attempts to identify overall...
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Two Bearish Continuation Patterns for BioMarin
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The Biotech ETFs, XBI and IBB, have underperformed the broader market the entire year. The chart below shows the S&P 500 SPDR (SPY) with higher highs in early May and July. The ETF also recorded fresh 52-week highs in May and July. The Biotech iShares (IBB) and Biotech...
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Facebook, Internet Stocks Looking To Provide Catalyst For Big Market Advance
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Tuesday, July 23, 2019
Utilities (XLU, -0.63%) was the only sector to end Tuesday's session in negative territory as most groups and stocks advanced. The XLU has been faltering on a relative basis ever since the overall market bottomed in early June. That has...
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BANKS HAVE A STRONG DAY -- KBW BANK INDEX REACHES THREE MONTH HIGH -- REGIONAL BANK LEADERS ARE FIFTH THIRD, KEYCORP, AND REGIONS FINANCIAL -- JPM NEARS A NEW RECORD -- GOLDMAN SACHS RESUMES UPTREND -- BAC REACHES THREE MONTH HIGH
by John Murphy,
Chief Technical Analyst, StockCharts.com
BANK INDEX TURNS UP...Stocks are having another strong day, with sector leadership coming from materials (led by commodity chemicals) and industrials (with help from airlines). Semiconductors continue to lead technology higher. Financials are also having a strong day, led by banks. We're going to focus on banks...
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Silver Standard
by Bruce Fraser,
Industry-leading "Wyckoffian"
An important oversold condition and Point and Figure objective were reached in August of 2018 for Gold ($GOLD). A Last Point of Support (LPS) formed at the Support line generated by the Selling Climax (SCLX) low in 2013 (to see the chart analysis – click here and click here). Since this...
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Gold, the Dollar and their Strange Correlation
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
What if you knew the Dollar would be up 3% over the last six months? What would your prognosis be for oil and gold? Most pundits would not have a bullish forecast for gold and not expect much from oil. Nevertheless, the Gold SPDR (GLD) is up 10.70% the...
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Truckers And Airlines Sending Bullish Market Signal
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Monday, July 22, 2019
Technology (XLK, +1.15%) was the undisputed leader on Monday, helping the NASDAQ gain 0.71% and within 1% of its all-time high. There were several reasons for the strength, but Goldman Sachs had positive commentary for the semiconductors ($DJUSSC, +2.03%), which...
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Is It Time For A Contra Trend Correction?
by Martin Pring,
President, Pring Research
* Major Trend Remains Positive
* Weekly Bar and Candle Charts Offer a Warning
* Reliable Short-Term Indicators, like Sentiment, are Overstretched
Major Trend Remains Positive
Each weekend, I go through a ChartList featuring weekly bar and candle charts of key markets. The idea is to spot technical events that appear on the...
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Ebay Holds the Break
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
A consolidation within an uptrend is considered the pause that refreshes. Stocks often become overbought after a sharp advance in a short period of time and need to work off these overbought conditions with a correction. Corrections are of two types: price or time. The stock can decline and retrace...
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Keep An Eye On Short-Term NASDAQ Support In This Zone
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Market Recap for Friday, July 19, 2019
Wall Street finished on a very weak note on Friday as hopes for a 50 basis point reduction in the fed funds rate decreased. There is now a much stronger likelihood of a 25 basis point drop when the Fed meets for two...
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Crucial Week Ahead For Markets; Need To Defend These Levels To Avoid More Weakness
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae
In the previous weekly note, we had raised concerns as the NIFTY had slipped below its 20-Week MA and the volatility index, VIX, traded at a multi-month low. It was expected that the volatility was likely to increase while there are chances of markets drifting lower. The week that went...
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The Sweet Spot - 2 Stocks Reporting Soon That Are Poised For Big Moves
by Mary Ellen McGonagle,
President, MEM Investment Research
Historically, stocks that report strong earnings and sales results go on to outperform the broader markets - and not just by a little. Using William O’Neil’s famous CANSLIM formula, which emphasizes faster-growing companies, these stocks can outperform the S&P 500 by as much as 6,000%...
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DP WEEKLY WRAP: Technology Sector Bullish Percent Seems Maxed
by Carl Swenlin,
President and Founder, DecisionPoint.com
The Bullish Percent Index (BPI) shows the percentage of stocks in a given index with Point and figure BUY signals. Besides having a BPI for the major market indexes, StockCharts.com also has a BPI for each of the 11 Sector SPDRs, and I have started to display them with...
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The 5-Year Yield is in a Secular Uptrend
by Martin Pring,
President, Pring Research
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, July 16th at 1:24pm ET.
When we get to longer-dated securities, that's where I start to question if yields are likely to move much lower. Let’s start with...
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How To Get From a Table of Market Movers To a Trading Idea Based on RRG
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
StockCharts.com has an incredible wealth of technical tools available both for free users as well as subscribers. That said, though, users who subscribe will have a greater amount of tools and functionality available to them.
Very recently, there was a panel discussion on MarketWatchers LIVE with Tom, Greg and...
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Building A Sound Portfolio Using Relative Strength Leaders
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
As you may already know, I've developed multiple portfolios using fundamental strength and technical price action, including relative strength, that have wildly outperformed the benchmark S&P 500 since their inception dates. I'm very excited about that, as well as the prospect of helping thousands...
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Presenting the Bull Market Vacation Cheat Sheet
by David Keller,
President and Chief Strategist, Sierra Alpha Research
I’m currently on a cruise ship docked in Naples, Italy, on a two-week vacation with my family, along with a good friend from college and his family. Today, we toured the ruins of Pompeii, which meant very high temperatures but fascinating history lessons.
Source: Pixabay
In preparing to write...
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The State of the Stock Market - Bull Market Affirmed
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
* Bull Market Affirmed.
* Short-term Twilight Zone.
* Index Table Remains Bullish.
* YouTube Video.
* Small-cap Breadth Remains Weak.
* IWM: Bearish Trend line Break or Bull Wedge?
* Sector Table Remains Bullish.
* 83 Stocks in Strong and Steady Uptrends.
* Art's Charts ChartList Update.
... Bull Market Affirmed
... The S&P 500 advanced...
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The Challenge of Technical Analysis
by Greg Morris,
Veteran Technical Analyst, Investor, and Author
I put an image of the Moon on this article because we are approaching the 50-year anniversary of Neil Armstrong setting foot on the Moon - July 20, 1969. I was between my sophomore and junior year at the University of Texas majoring in Aerospace Engineering so was especially touched...
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REGIONAL BANKS SHOW LEADERSHIP -- THAT INCLUDES BB&T, SUNTRUST, AND U.S. BANCORP -- CITIGROUP AND JP MORGAN CHASE MAY BE NEARING UPSIDE BREAKOUTS OF THEIR OWN -- GOLDMAN SACHS HAS HIT NEW HIGH FOR YEAR TO REVERSE PREVIOUS DOWNTREND
by John Murphy,
Chief Technical Analyst, StockCharts.com
BANKS HELP BOOST FINANCIALS...Financials are one of the day's strongest sectors. And banks are a big reason why. The daily bars in Chart 1 show the KBW Bank Index finding support above its 50- and 200-day moving averages; as well as a rising trendline drawn under its...
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Netflix (NFLX) Gets Crushed And Here Was Our Clue
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Special Note
I'm on vacation this week so I'm writing brief articles and in a different format. There will be no article tomorrow, Friday, July 19th.
Netflix (NFLX) Hammered In After Hours
Despite topping both revenue and EPS estimates, NFLX is trading lower by nearly 11%...
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Forces Are Shifting in The Battle Between INTC and MSFT
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
When you open up StockCharts.com and go to Your Dashboard, one thing you'll find is a section called "Market Movers", located in the top-right corner of your screen.
I currently have this section of the page set up so that it shows the top 10...
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CSX AND OTHER RAIL STOCKS PULL TRANSPORTS SHARPLY LOWER -- THAT'S MAKING INDUSTRIALS THE DAY'S WEAKEST SECTOR -- FALLING PRICE OF OIL WEAKENS ENERGY STOCKS -- GOLD MINING ETF RESUMES UPTREND WITH THE COMMODITY NOT FAR BEHIND
by John Murphy,
Chief Technical Analyst, StockCharts.com
TRANSPORTS HAVING A VERY BAD DAY... Just a day after reaching a new two-month high, transportation stocks are the day's weakest group. The daily bars in Chart 1 show the Dow Jones Transportation Average falling more than 3% today. And it's being led lower mainly by...
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Four Stocks Poised to Continue their Uptrends
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The first step to finding great stocks is establishing the bigger trend for the market, the sector, the industry group and the stock. It is not as hard as it sounds. First, the S&P 500 is clearly in a long-term uptrend because it is above the rising 200-day...
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Scanning For High SCTRs And Dividend Yield
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Special Note
I'm on vacation this week, so my articles are in a different format and generally shorter. There will be no blog article on Friday.
I've created three portfolios over the past year. My Model Portfolio began on November 19, 2018 and my Aggressive Portfolio...
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Semis are Back in Gear and this Stock is Poised to Extend Higher
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 SPDR and Technology SPDR (XLK) hit new highs this month. Thus, the S&P 500 is signaling a bull market and the technology sector is leading. The Semiconductor SPDR (XSD), which is a broad-based semiconductor ETF, is also showing leadership as it challenges its...
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Bond Yields May Not Be Headed Lower After All
by Martin Pring,
President, Pring Research
* Money Market Yields Continue to Look Vulnerable
* The 5-Year Yield is in a Secular Uptrend
* Longer-Dated Maturities Overstretched on the Downside
Money Market Yields Continue to Look Vulnerable
Everybody and their dog thinks that short-term rates will be cut by the Fed later this month. Count me in with the...
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We're Off To The Races If These 3 Break Out
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Special Note
I'm on vacation this week so I'll post mostly abbreviated articles. There will be no blog article on Friday.
Current Outlook
One confirmation signal that I always look for during a bull market is leadership from our 5 aggressive sectors - technology (XLK), consumer...
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The Consumer Staples Sector is Leading and this Stock is About to Break Out
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
The S&P 500 hit a new 52-week high last week and three sectors joined the index with new highs of their own: the Technology SPDR, the Consumer Discretionary SPDR and the Consumer Staples SPDR. Note that I am basing the new highs on price chart using unadjusted prices,...
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Transports Soar To Lift Wall Street To Yet Another Record
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Special Note
I am on vacation this week so I'll post mostly abbreviated blog articles. There will be no blog article on Friday morning.
Market Recap for Friday, July 12, 2019
Industrials (XLI, +1.75%) powered our major indices to fresh new all-time highs. Transports ($TRAN) were particularly...
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STOCK INDEXES END WEEK AT RECORD HIGHS -- SECTOR RECORDS WERE SET BY CONSUMER DISCRETIONARY AND TECHNOLOGY -- INDUSTRIALS MAY BE GETTING CLOSE TO A RECORD AS WELL -- TRANSPORTATION STOCKS END ON A STRONG NOTE -- FINANCIALS HIT NEW HIGH FOR THE YEAR
by John Murphy,
Chief Technical Analyst, StockCharts.com
U.S. STOCK INDEXES SET NEW RECORDS...The three major U.S. stock indexes ended the week in record territory. A number of sectors hit records as well, or are getting close to doing so. Consumer discretionary and technology SPDRs hit new records. Financials hit a new high for the...
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