KEY TAKEAWAYS * The Fed cut interest rates by 50 basis points and shifts focus to the economy. * Stock market rallied after the Fed's interest rate cut decision but closed lower. * Treasury yields rose while bond prices fell. The stock market received what it expected from the Federal Reserve—... READ MORE
In this exclusive StockCharts TV video, Joe shows how to use RSI in multiple timeframes to identify the next buying opportunity in the SPY. Joe thinks this rally is important; he uses the ADX to distinguish between the strength in different indices. Joe demonstrates how he moves quickly around ACP,... READ MORE
KEY TAKEAWAYS * SHOP stock pulled back to a support level and is showing a strong signal for an up move. * SHOP's stock price has the potential to rise to $85. * This call vertical spread options strategy could potentially result in a 238% return on investment. Shopify (SHOP) continues... READ MORE
KEY TAKEAWAYS * Broader stock market indexes went above resistance levels, but retreated by the close. * Small-cap stocks took the lead in Tuesday's trading. * The Fed's decision on interest rates could make for a volatile trading day. The broader stock market indexes are still in a holding... READ MORE
KEY TAKEAWAYS * Gold prices are soaring and are at an all-time high. * Anticipated Fed rate cuts can send gold prices higher. * There are two tools you can use to project gold price action in bullish and bearish scenarios. As of Tuesday, the CME's FedWatch Tool gave a 67%... READ MORE
As part of Carl's review of Gold charts, he explained how we use the close-ended fund, Sprott Physical Gold Trust (PHYS) to measure sentiment for Gold. Depending on how PHYS trades, it trades at a discount or premium based on the physical Gold that it holds. These discounts... READ MORE
Good morning and welcome to this week's Flight Path. Equities saw the "Go" trend return after a triplet of uncertain "Go Fish" bars. We saw blue "Go" bars from Wednesday on. Treasury bond prices remained in a strong "Go" trend... READ MORE
That's a great question, because we saw some very nice gains and we're now approaching all-time highs, especially on the Dow Jones ($INDU) and S&P 500 ($SPX). The more growth-oriented NASDAQ 100 ($NDX) has much more work to do. How much more strength is... READ MORE
KEY TAKEAWAYS * Whipsaws and losing trades are part of the process for trend-following strategies. * These strategies are profitable because average profits far exceed average losses. * Chartists can reduce whipsaws by adding signal thresholds to the 5/200 day SMA cross. Whipsaws and losing trades are part of the process for... READ MORE
In this StockCharts TV video, Mary Ellen reviews the broader markets and highlights pockets of strength that are starting to trend higher. She also shares add-on plays to the move into home construction stocks, and shows key characteristics needed to confirm a downtrend reversal in select stocks. This video originally... READ MORE
While the S&P 500 finished the week once again testing new all-time highs around 5650, the Nasdaq 100 remains rangebound in a symmetrical triangle or "coil" pattern. While this pattern does not necessarily suggest a potential next move for the QQQ, it did lead me to... READ MORE
KEY TAKEAWAYS * Stocks make a strong recovery after last week's selloff. * Large-, mid-, and small-cap stocks closed higher, with small caps the clear leader. * Gold and silver prices surged on interest rate cut expectations. This week's stock market action may have caught many investors by surprise.... READ MORE
Larry is going LIVE! Don't miss the upcoming "Family Gathering" webinar with Larry Williams, airing live through Zoom on Thursday, September 19 at 2:00pm Eastern Daylight Time. In this must-see event, Larry will be presenting his current opinions on a broad variety of current market... READ MORE
KEY TAKEAWAYS * Tech bounce is judged as recovery within downtrend. * XLP, XLF, and XLV are positioned for outperformance in coming weeks. * The XLP chart is showing interesting characteristics which we have seen before Tech Rallies, But Remains Inside the Lagging Quadrant A quick look at the Relative Rotation Graph for... READ MORE
KEY TAKEAWAYS * Insmed (INSM) has been near the top of the StockCharts SCTR report for weeks. * Insmed's stock price has pulled back, but maintained its high SCTR score. * Insmed could be posed for an upside move. Numerous companies are making strides within their respective sectors, but, unless you... READ MORE
KEY TAKEAWAYS * Stocks rebounded on Wednesday with wide trading ranges. * Investors are rotating back into large-cap growth and momentum stocks. * The Financial sector was hit hard by negative news from banks but made some recovery. It was a massive turnaround day in the market on Wednesday—stocks sold off after... READ MORE
In this exclusive StockCharts TV video, Joe discusses why he is a bottom-up technical analyst. He explains the difference between top-down and bottom-up analysis and uses this to show the strongest sectors rotating to the upside right now; this approach will help give advance notice of which areas to focus... READ MORE
In this video from StockCharts TV,Julius takes a look at rotations in an asset allocation RRG. He compares fixed-income-related asset classes, commodities, the US dollar, Bitcoin and stocks to a balanced portfolio of 60% stocks/40% bonds. The long-lasting outperformance of stocks seems to be coming to an end.... READ MORE
KEY TAKEAWAYS * The real estate sector gains ground as interest rate cuts loom. * Technology stocks are showing slight gains, but not enough to shift momentum. * Energy prices slide lower on weakened demand. The Real Estate sector took the lead in Tuesday's trading, probably because interest rate cuts are... READ MORE
KEY TAKEAWAYS * With Fed rate cuts now widely anticipated, investors are looking to the biotech industry for potential investment opportunities. * Biotech, a highly-speculative industry, has declined sharply since 2020 as inflation, along with higher interest rates, set in. * You can spot green shoots of capital flowing into biotech; watch the... READ MORE
The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in response to investors losing confidence in the AI trade in general. Carl gives us a complete picture of the Magnificent Seven in the short and intermediate terms. It doesn't... READ MORE
Good morning and welcome to this week's Flight Path. Equities flashed an uncertain "Go Fish" bar at the end of the week as the markets became even more unsettled. Treasury bond prices remained in a "Go" trend and saw that trend was strong for... READ MORE
KEY TAKEAWAYS * Chartists need a market timing mechanism to assess risk * Risk is above average during bear markets (preserve capital) * Risk levels are acceptable during bull markets (invest capital) Any strategy that trades stocks needs some sort of market timing mechanism to identify bull and bear markets. Typically, stock strategies... READ MORE
Much like the southeastern portion of the U.S. frets over the potential of devastating hurricanes, stock traders and investors brace for their own financial hurricane this time of year. Last week, we saw the NASDAQ 100 ($NDX) tumble, dropping nearly 6% during a holiday-shortened trading week. This isn'... READ MORE
Most of the primary trend indicators I follow are in a bullish mode and show few signs of flagging. That said, some intermarket relationships, which help to indicate whether the environment is risk-off or risk-on, have started to move in a risk-off direction. That's usually a bearish omen... READ MORE
After initially forming a fresh incremental lifetime high, the markets succumbed to selling pressure from higher levels after spending some indecisive sessions during the week. The week that went by saw some early signs of the Nifty entering into broad corrective consolidation while ending near its low point of the... READ MORE
KEY TAKEAWAYS * Weaker price momentum suggests an exhaustion of buyers. * The VIX pushed back above 20 this week, indicating a higher likelihood of a price correction. * The equal-weighted S&P 500 made a new all-time high in August, but that was not echoed with a new high from the... READ MORE
In this StockCharts TV video, Mary Ellen reviews the current downtrend taking place in the S&P 500 and Nasdaq, and highlights the "uninverting" yield curve. She finishes with a deep dive into Nvidia, sharing how to handle the stock depending on your investment horizon. This video... READ MORE
KEY TAKEAWAYS * Broader stock market indexes sell off as investors fear rate cuts may be too late. * Treasury yields fell to their lowest yearly levels. * Big Tech stocks got hammered, with semiconductor stocks getting hit the hardest. After a week of wavering action, the stock market made a directional move—... READ MORE
We are always on the lookout for chart patterns. Recently, we've found a bearish head-and-shoulders developing on Semiconductors (SMH). Looking at the daily chart below, we can see the pattern developing. However, we do have to point out participation. Note the very low percentages on %Stocks > 20/... READ MORE
I've been around long enough to remember when Intel (INTC) was the NVIDIA of the day. Now, INTC is under severe pressure, having suspended its dividend, and is currently being considered for removal from the Dow 30 Industrial Average. Oh, how the mighty have fallen! With INTC having... READ MORE
KEY TAKEAWAYS * The SCTR Report highlighted two gold miner ETFs, indicating that the industry is seeing positive movement. * A deeper dive into gold miner ETFs uncovers problems and opportunities. * The ZigZag line applied to the chart of GDX helps identify entry and exit levels. On Thursday afternoon, I dove into... READ MORE
KEY TAKEAWAYS * Tesla's stock price has been gaining technical strength, evident from its daily and weekly price charts. * An analysis of Tesla's stock price shows a potential intermediate-term trading opportunity. * Before entering a buy position, be sure to identify your entry and exit positions. When the... READ MORE
In this exclusive StockCharts TV video, Joe shares how he identifies and trades a reversal pattern. Highlighting what causes him to focus in on a stock, he shares the 1-2-3 reversal pattern, along with the keys in MACD and ADX that allow you to improve the risk/reward equation in... READ MORE
As we have discussed many times, financial markets are fractal. Different timeframes produce similar price structures. This is a very valuable phenomena for the study and practice of trading. When tracking the intraday time frame; Wyckoff structures of Accumulation, Markup, Distribution and Markdown repeat over and over. This creates a... READ MORE
KEY TAKEAWAYS * In March 2024, certain hedge funds began heavily shorting MicroStrategy stock. * Microstrategy was a meme stock that surged 300% from February to March. * While many investors got burned when Microstrategy's price tanked, there were clues that short sellers were taking over the stock. In early 2024,... READ MORE
KEY TAKEAWAYS * Semiconductor stocks get slammed * Volatility rises as investors become more fearful of more selling pressure ahead * Investors should be extremely cautious as Broadcom earnings and Non-Farm Payrolls could impact the stock market I hope you had a relaxing, restful long weekend, and welcome to September. It was a... READ MORE
In this video from StockCharts TV,Julius evaluates the completed monthly charts for August, noting the strength of defensive sectors. He then analyzes a monthly RRG and seeks alignment for the observations from the price charts. Could "sideways" be the most positive scenario for the S&P... READ MORE
Every business cycle has an inflationary and deflationary part, and it's very important for both traders and investors at least to try to have some understanding which has the upper hand at any particular point in time. For example, when the economy is in a slowdown or recessionary... READ MORE
Good morning and welcome to this week's Flight Path. Equities consolidated their new "Go" trend this week. We see that the indicator painted mostly strong blue bars even as price moved mostly sideways. Treasury bond prices remained in a "Go" trend but painted an... READ MORE