After meeting resistance around 11800-11840 for seven weeks, the markets loosened up a bit over the past week while ending with losses. NIFTY spent the previous couple of weeks in a defined range as it remained indecisive and did not make any convincing directional call. This week, the NIFTY witnessed... READ MORE
Chartwise Women is a new show on StockCharts TV featuring myself and Mary Ellen McGonagle. Our mission is encompassed in three "E's": Engagement, Education and Empowerment. During each show, we talk conversationally about our "Wisdom of the Week", followed by "What's... READ MORE
This is a true story about someone whom I’ll refer to as an investing “refutenik”. But first, a bit of background. The long-term financial viability of Social Security is questionable, yet some politicians like to toss around the idea of delegating more accountability to John Q. Public for taking... READ MORE
On Thursday morning, Delta Airlines (DAL) blew past revenue and EPS estimates, despite a challenging environment for airline stocks ($DJUSAR) in 2019. While DAL's results may have surprised quite a few people, they didn't surprise me. The best way to follow where Wall Street is placing... READ MORE
While the broad market indexes are currently making all-time highs, the S&P 600 Small-Cap Index (IJR) is struggling and remains about -14% below its all-time highs. This lack of small-cap participation is a concern, because the large-caps can't carry the market forever. The OBV is currently... READ MORE
The NYSE and Nasdaq are fine as exchanges, but their AD Lines do not tell the entire story when it comes to breadth. The major stock indexes, such as the S&P 500 and S&P Small-cap 600, contain stocks from both exchanges. As such, robust breadth indicators... READ MORE
Editor's Note: This article was originally published in John Murphy's Market Message on Friday, July 12th at 11:39am ET. Gold is more than just a commodity. Gold is sometimes also viewed as an alternate currency. When global traders lose confidence in their currency, they often... READ MORE
GOLD IS DOING BETTER THAN THE WORLD'S MAJOR CURRENCIES... Gold is more than just a commodity. Gold is sometimes also viewed as an alternate currency. When global traders lose confidence in their currency, they often turn to gold as an alternative store of value. Since gold is quoted... READ MORE
* Large-caps Continue to Lead. * New Highs Follow Moving Average Signals. * Index Breadth Table Remains Bullish. * Sector Breadth Table Remains Bullish. * Tech-Related ETFs Continue to Lead. * Biotech ETFs Stutter after Breakouts. * Art's Charts ChartList Update. ... Large-caps Continue to Lead The week so far is mixed for stocks with small-caps... READ MORE
This is part of a client letter I wrote when running MurphyMorris Money Management about 20 years ago. The message is the same today. Market volatility has an emotional cost. It causes investors to make irrational decisions that are usually based on either fear or greed. Volatility also carries a... READ MORE
Market Recap for Thursday, July 11, 2019 Dow Jones ($INDU, +0.85%) 27000 is in the record books as another milestone has been reached on Wall Street. The S&P 500 ($SPX, +0.23%) also set another record high close, but fell just short of closing above the psychological... READ MORE
Sometimes, you get more than you bargained for. That said, you stand a much better chance of finding those successful (and many times parabolic) stocks when you start with a good analysis process. The DecisionPoint Analysis Process does just that. I find my prospective investments using various technical scans, but... READ MORE
Market Recap for Wednesday, July 10, 2019 The S&P 500 ($SPX, +0.45%) surpassed 3000 on an intraday basis for the first time in history on Wednesday, although it failed to close there. Permabears don't understand how this is even possible, with the ongoing trade war... READ MORE
At present, the Technology sector is rotating through the weakening quadrant on the Relative Rotation Graph. Following a strong move in the first months of this year, relative strength for XLK started to level off and has remained more or less flat since April. We'll have to wait... READ MORE
POWELL TESTIMONY MAKES JULY RATE CUT MORE LIKELY...Last Friday's strong jobs report raised concerns about a July rate cut later this month, which boosted interest rates and caused some profit-taking in stocks. Mr. Powell today put the July rate cut back on the table. Traders are now... READ MORE
Market Recap for Tuesday, July 9, 2019 Despite the Dow Jones ($INDU, -0.08%) finishing in negative territory, I'd argue it was a pretty solid day on Wall Street. All of our major indices opened lower, but there was buying throughout the session, much like Friday. We saw... READ MORE
Sorry, I could not resist the pun in that head line. Relative and absolute strength is often dependent on timeframe. One stock may show upside leadership on a one month timeframe, but be lagging on the three and six month timeframes. For example, Tilray (TLRY) is up 16.37% over... READ MORE
Finding stocks with strong uptrends is the first step to stock selection during bull markets, and we are in a bull market. The S&P 500 hit a new all time high just last week, the largest sector (technology) is leading with XLK also hitting a new high last... READ MORE
Market Recap for Monday, July 8, 2019 Materials (XLB, -1.15%) led the Monday decline as the U.S. Dollar Index ($USD, +0.10%) extended its recent gains, climbing for the 7th time in the last 9 sessions. Given the strong jobs report on Friday, fewer market participants are expecting... READ MORE
Market Tentatively Triggers a Long-Term Buy Signal Chart 1 features a Coppock indicator for the NYSE Composite, which triggers buy signals by reversing to the upside from a position at or below the equilibrium level. Since 1970, there have been thirteen such signals and only one failure (in 2002). That&... READ MORE
The monthly Market Roundup video for July 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
Last night (Sunday 7/7) the Dutch women's soccer team played the World Cup final against Team USA. I am not a huge soccer fan but, as a Dutchie, you have to catch at least part of that event! It did not work out for us, so congrats... READ MORE
This article follows the concepts laid out in the previous article about Passive versus Active Management. The comments below give brief pro, con, and comments on the various strategies. With the benefit of hindsight, the market can seem predictable; however, many of these strategies are more useful in describing the... READ MORE
Market Recap for Friday, July 5, 2019 The small cap Russell 2000 ($RUT, +0.22%) led bifurcated action on a very quiet Friday as many market participants were on an extended vacation spanning the July 4th holiday. Strength was seen in financials (XLF, +0.28%) as the 10 year treasury... READ MORE
Stocks that hit new highs are in clear uptrends and show upside leadership. A new high does not have to be within a few days or even a few weeks. Sometimes stocks hit new highs and then correct for a few months to digest prior gains. It is all part... READ MORE
The S&P 500 Index appreciated 17.35% in the first half of 2019. But from the climax high close in January 2018 the S&P 500 has risen only 2.4%. Despite the stellar performance during 2019 the large capitalization indexes have remained ‘range-bound’ during the past... READ MORE
The markets were range-bound over the course of the week, but remained volatile on anticipated lines while digesting the Union Budget on Friday. As expected, the event failed to infuse any cheer in the markets, with the NIFTY remaining within a defined range and oscillating in a limited band. The... READ MORE
When you're a student pilot, your first couple of solo flights remain very close to your home airport. Basically, you get up in the air and do a couple laps around the landing pattern. This is meant to get you comfortable being in the plane by yourself, as... READ MORE
It’s been quite a star-spangled week for the markets, with the S&P 500 and Nasdaq hitting a new high 3 out of their 4 sessions. One sector showing particular strength has been Technology, which also reached a new high as many underlying stocks are posting significant returns.... READ MORE
I want to discuss two charts that really need to be monitored closely as we enter the second half of 2019. A rise in these charts is synonymous with massive bull market rallies. They both make great common sense, so let's discuss them before visualizing the charts. 1.... READ MORE
With the S&P 500 and NASDAQ Composite making or equaling all-time highs, it would be appropriate to check the participation behind this up surge. The Bullish Percent Index (BPI) measures the percentage of stocks in a given index that have point & figure BUY signals. In January of... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, July 2nd at 12:36pm ET. Back in May, I wrote an article entitled “Commodities: Down Now, Up Later?" in which I pointed out some of the long-term technical bullish potential... READ MORE
The S&P 500 earnings for 2019 Q1 have been finalized. The following chart shows us the normal value range of the S&P 500 Index, as well as where the S&P 500 would have to be in order to have an overvalued P/E of... READ MORE
A short, but strong, trading session just before the Fourth of July holiday pushed the S&P, along with the Nasdaq 100 and the DJ Industrials indexes, to new highs. Breaks to new highs are pretty strong signs and should not be ignored. At the end of the day,... READ MORE
STRONGER THAN EXPECTED JOBS REPORT BOOSTS YIELDS...A increase of 224,000 jobs in June was much higher than expected, and may have diminished hopes for a July rate cut. That can be seen by rising bond yields today. The 10-Year Treasury yield is rising 11 basis points to 2.... READ MORE
Market Recap for Wednesday, July 3, 2019 26 of 30 Dow Jones component stocks advanced as the most widely known stock index set all-time intraday and closing highs one day before Independence Day and during an abbreviated session. It gives traders an extra day to relax and reflect on the... READ MORE
After claiming an absolute majority again in the 2019 General Election, the Narendra Modi Government is slated to come up with their first budget of the second term on Friday, the 4th of July, 2019. Many expectations have been building up around this event, which has always been one of... READ MORE
Happy Fourth of July! On this public holiday - for the US, anyway; not so much for me ;) - I looked up a bit more about the history of Independence Day and, while doing so, it occurred to me that even back then, the British were involved in a separation.... READ MORE
S&P 500 SETS NEW RECORD... DOW IS GETTING CLOSE...Stocks are trading higher again today in a shortened pre-holiday trading session. Chart 1 shows the S&P 500 trading well above its late-April high and trading in new record territory again today. The SPX is trading well... READ MORE
Market Recap for Tuesday, July 2, 2019 I saw a headline Tuesday morning when all of our major indices were lower that suggested "renewed trade fears" were impacting the stock market in negative fashion. When will the insanity stop? So Monday the market moved higher on trade relief... READ MORE