STOCK INDEXES CLEAR 50-DAY AVERAGES... Stocks are starting the week on a strong note. Charts 1 and 2 show the Dow and S&P 500 trading above their 50-day averages. The Dow has also cleared initial resistance at 26,000. Chart 2 shows the SPX also exceeding overhead resistance... READ MORE
Stocks moved sharply higher last week with several bouncing off broken resistance levels with gap reversals. JP Morgan is one such stock and last week's gap becomes the first area to watch going forward. The chart shows JPM breaking out in mid April with a surge to the... READ MORE
Market Recap for Friday, June 7, 2019 U.S. indices capped off a very solid week with more gains on Friday. The more aggressive NASDAQ trounced the other key indices, climbing 1.66%. The S&P 500, Dow Jones, and Russell 2000 added 1.05%, 1.02%, and 0.... READ MORE
Investment-Related “Believable” Misinformation Makes Successful Investing Hard Work This article is a continuation of the previous article. You should read the preliminary information provided in that article first. Diversification protects against losses. Harry Markowitz won a Nobel Prize in 1990 for his ground-breaking research on diversification (modern portfolio theory) in... READ MORE
* Financial Velocity Indicator Poised to Go Bullish * Oversold NASDAQ Volume in a Position to Support a Rally * Rapid Expansion of Net New Highs is Bullish * Global Breadth Turning? * When Stock Exchanges Break to the Upside, That’s Usually Bullish for Stocks Financial Velocity Indicator Poised to Go Bullish One of... READ MORE
Throughout the previous week, the Indian equity markets remained less volatile than expected, but, at the same time, marked some important technical events. After trading in a 350-point range, the index hit its key resistance zones, retraced and ended the week with a modest loss. The RBI Credit Policy largely... READ MORE
Yesterday, I had a great roundtable with Tom Bowley and Erin Swenlin on MarketWatchers Live, where Erin and I discussed comparisons between gold and Bitcoin. Now, at first glance, that might seem like a bit of a spurious comparison. Gold has been around forever, while Bitcoin and other cryptocurrencies are... READ MORE
I'm going to say that you need elements of both, although you're going to want a much bigger helping of relative strength. Too much diversification can be extremely unhealthy, there needs to be a balance. Let me give you a quote about diversification from one of... READ MORE
By all accounts, people enjoy eating out, with the National Restaurant Association projecting a record high in U.S. restaurant sales at $863 billion this year, up 3.6% from last year. From global expansion plans to technological advances, many restaurants are catering to consumer’s changing tastes while easing... READ MORE
Some time ago on StockCharts TV I discussed volume ratios and how higher than normal ratios help identify climactic events and possible turning points. This week on Tuesday we had such an event when the SPX up volume divided by down volume produced a ratio of over 15. I have... READ MORE
DOW ENDS WEEKLY LOSING STREAK The Dow Industrials gained 263 points today (1.02%) to end the week on a strong note. That also ends a six-week losing streak for the blue chip index. Chart 1 shows the Dow regaining its 200-day average on Wednesday, and ending the week right... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, June 4th at 2:57pm ET. From a long-term aspect, Gold looks as though it is in the process of duplicating its action at the turn of the century by forming a... READ MORE
While browsing through the stocks in the DJ Industrials index, my attention was grabbed by the tails on KO and MCD, both in a positive way. KO is making a wide rotation through lagging into improving and is now very close to crossing over into the leading quadrant. MCD, meanwhile,... READ MORE
10-YEAR TREASURY YIELD NEARS TEST OF 2017 LOW... The 10-Year Treasury yield is falling another 6 basis points today to 2.06% which is drawing dangerously close to its 2017 low. The weekly bars in Chart 2 show that year's intra-day yield low at 2.03%. Its lowest... READ MORE
* Small-caps Still Lagging. * S&P 500 Establishes Clear Support Zone. * Breadth Falls Short and Fades. * $SPX Close + 200-day SMA = NOISE! * A Mixed, but Bullish, Indicator Table. * Sector Table Remains Firmly Bullish. * New Highs Surge within S&P 500. * New Highs in Finance Sector. * Medical Devices, Defense and Solar... READ MORE
Market Recap for Thursday, June 6, 2019 It was another solid day on Wall Street as the recent bounce continued. Unfortunately, it was also another day where investors/traders were seeking some safety. It's like ordering pizza, but adding a diet coke to watch your weight. The Dow... READ MORE
HEALTHCARE SPDR MAY BE TURNING UP ... The health care sector may be nearing an upside breakout. The daily bars in Chart 1 shows the Health Care SPDR (XLV) trading above its 200-day average in today's trading; and testing its late May intra-day peak at 90.18. A close... READ MORE
One of the Relative Rotation Graphs that I like to follow, as a way of keeping a handle on the bigger picture, is the one that shows the rotation of growth- versus value stocks. This RRG is predefined in the dropdown box under the header "US MARKETS" and... READ MORE
Market Recap for Wednesday, June 5, 2019 The good news is that the U.S. stock market advanced on Wednesday and that both the Dow Jones (+0.82%) and S&P 500 (+0.82%) were able to clear their respective declining 20 day EMAs. Another piece of good news... READ MORE
The number I've heard tossed around over the past few weeks regarding a gold rally is a move to $1340. Well, in just a few days, we have popped above that, and the chart suggests we will continue to see more rallying. This week's climactic indicator... READ MORE
The chart above shows the relative rotation for US sectors against the benchmark S&P 500. Over the last five weeks, the tails for Consumer Staples (XLP) and Financials (XLF) started to move in a similar fashion. Both are heading towards the leading quadrant. The Energy sector, on the... READ MORE
Market Recap for Tuesday, June 4, 2019 A big turnaround occurred on Tuesday as many beaten-down stocks and industries from the May drubbing led a market rally. The NASDAQ and Russell 2000 led the rally with gains of 2.65% and 2.62%, respectively, but it was a wide-participation advance... READ MORE
Semiconductor stocks fell hard in May, but many software names held up quite well in May and simply consolidated. Accenture is one such name as the stock held above the breakout zone and simply consolidated the last five weeks. First and foremost, the long-term trend is up because Accenture (ACN)... READ MORE
The monthly Market Roundup video for June 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
* Long-Term Picture Shows Gold Close to a Breakout * The Shares Are on the Cusp As Well * Short-Term Indicators for Gold Go Bullish * Yen Emerging From a Breakout I like to use an indicator that I call “Risk On Risk Off,” which combines an index comprising several risky entities with another... READ MORE
S&P 500 TRADES BACK OVER ITS 200-DAY AVERAGE... A combination of a short-term oversold condition and dovish sounding comments from the head of the Fed are giving a big lift to stocks today. All major indexes are are showing strong gains with the Nasdaq in the lead (+2.... READ MORE
* S&P 500 Crosses 200-day for Umpteenth Time. * The S&P 500 versus a Slew of Negative Charts. * Vietnam ETF Tests Breakout Zone. * Frontier Markets ETF Nears Breakout. ... There sure is a lot of negativity out there as the S&P 500 toys with its 200-day SMA.... READ MORE
Investment-Related “Believable” Misinformation Makes Successful Investing Hard Work Exceptional discipline and objectivity will keep you from falling victim to short-term emotion and chasing something new, even though you know your long-term methods are sound. The uncertainty of the market requires a methodology that allows you to participate in most of... READ MORE
Market Recap for Monday, June 3, 2019 I've had lots of positives for software stocks the past few years, but yesterday we saw a rare short-term breakdown that will test the mettle of traders. The Dow Jones U.S. Software Index ($DJUSSW, -3.17%) joined internet stocks ($DJUSNS,... READ MORE
May was a tough month for the broad market indexes and nine of the eleven sectors. Only the Utilities SPDR and Real Estate SPDR advanced in May as the other nine sectors fell. Stocks that closed higher in May bucked some serious selling pressure and could be worth a second... READ MORE
Market Recap for Friday, May 31, 2019 The U.S. stock market was in no mood for any negative surprises, yet it received one when President Trump slapped a 5% tariff on all products from Mexico (effective June 10th) to try to control illegal immigration. While it may seem as... READ MORE
In yet another fairly eventful week, the Indian equity markets continued to digest the general elections fully, ending with a violent reaction to the portfolio allocation of the new set of cabinet ministers. After witnessing a 420-point trading range while marking incremental highs on a closing basis, the headline index... READ MORE
This week, all four of the Scoreboard indexes (SPX, OEX, NDX, Dow) switched to IT Trend Model Neutral signals. This is just added insult to injury, given the ST Neutral and SELL signals that posted earlier this month. Today, the Dow lost its IT Price Momentum Oscillator (PMO) BUY signal.... READ MORE
The market has been under fire for some time now as uncertainty abounds. Even a lot of stocks that had earlier reported strong earnings haven't been able to escape the recent market turmoil. However, there are also many stocks that have held up quite well, outperforming the market... READ MORE
A quarter century of investing yields one paramount conclusion. Venture capitalists have known this forever. Professional sports teams as well. Investors have been a little slower on the uptake. Venture capitalists will tell you that if you invest in one company like Netflix, Salesforce or Google, it will make up... READ MORE
Today the SPY 20EMA crossed down through the 50EMA and the IT Trend Model for SPY changed from BUY to NEUTRAL. As usual, this signal is an information flag to encourage us to take a closer look at the situation. In this case, the price breakdown is associated with a... READ MORE
The 200-day moving averages for the S&P Mid-Cap 400 and the S&P Small-Cap 600 are already trending lower and this key moving average for the S&P 500 turned lower over the past week. This puts all three indexes below their falling 200-day SMAs and... READ MORE
Editor's Note: This article was originally published in John Murphy's Market Message on Friday, May 31st at 11:14am ET. Energy stocks are one of the weakest parts of the market. So are bank stocks. There may be a reason why. The black bars in Chart... READ MORE
200-DAY AVERAGES ARE BEING BROKEN... The threat of tariffs on Mexican imports is rattling global markets today. And more technical damage is being done. Chart 1 shows the Dow Industrials falling below their March low near 25,200. That puts the Dow at the lowest level since late January. Chart... READ MORE
* Key Moving Average Turns Lower. * Mid-caps Trigger Bearish Breadth Signal. * Small-caps Lead New Low Expansion. * Four New Signals on Sector Table. * Risk Aversion Indicators Surge. * Treasury Bonds Extend Surge. * Consumer Discretionary Sector Breaks Down. * Oil Extends Decline. * Gold Forms a Bull Wedge. * Art's Charts ChartList Update. ... Stocks are... READ MORE