I'm going to show you one of the ways you can use a "DecisionPoint" CandleGlance ChartStyle to immediately see, on one page, the health of all market sectors. I have written about how to use CandleGlance for sifting scans and how to set-up a "DecisionPoint&... READ MORE
Market Recap for Monday, October 29, 2018 Early on Monday morning, it looked like stocks were trying to carve out a bottom, but by the afternoon, big time selling resumed and prior support levels were lost - all with rapidly rising volatility. That is a recipe for short-term stock market... READ MORE
On October 29, 2018, we issued a note on NIFTY Metal Index likely to start relatively out-performing the general markets. Within this sector, there are couple of Stocks that deserves our attention. They have resilient technical set-up and are poised for respectable upsides. While likely to out-perform the Metal Index,... READ MORE
The S&P 500 is down around 7.5% so far this month and this is shaping up to be the worst monthly decline in over five years. Keep in mind that there are still a few days left in October and the last monthly bar will not complete... READ MORE
* Dealing with Drawdowns. * Mean-Reversion with RSI, Chandelier and PPO. * Universe, Market Regime and Ground Rules. * Sample Signals for IJR. * Testing the Big Four. * Plotting the Drawdowns. * Setting a Risk-of-Ruin Stop. * Conclusions. .... Dealing with Drawdowns. The S&P 500 is currently in the midst of its worst monthly decline since... READ MORE
Market Recap for Friday, October 26, 2018 All of our major indices finished lower on Friday and all of our major sectors did the same. It's difficult to paint a bullish picture after such selling, but I'm going to do just that. On Friday, despite selling... READ MORE
NIFTY Metal Index ($CNXMETAL) has under-performed the broader Markets since many months. The Index marked its high at 4256 in January of 2018 and since then it has continued marking lower tops while remaining under a formation. Presently, it has shown some important technical developments which warrants our attention. As... READ MORE
* A few observations about the secular trend * Short-term technical position * Junk bonds peak out * Credit spreads argue for lower government yields A Few Observations About the Secular Trend The 5-year yield, shown in Chart 1, has formed and broken out from a major base. It touched a low point in... READ MORE
The current decline was accompanied by a large increase in volatility and volume. Can the Wyckoff Method help guide our thinking and improve our tactics? A recent parallel is the decline in January and February of this year and the market action that followed in its aftermath. Wyckoff provides a... READ MORE
S&P 500 HEADED FOR A RETEST OF EARLY 2018 LOWS ... I keep hearing on CNBC that stocks are down sharply but "off their lows". They never seem to mention that they're even further "off their highs". After losing nearly 4% over the... READ MORE
The Indian Equity Markets had a troubled week. It showed no inclination to pullback and extended its losses. The benchmark Index NIFTY50 ($NIFTY) ended the week losing 273.55 points or 2.65% on weekly basis. The week that ended October 05th had inflicted some structural damage on the Charts... READ MORE
I normally don't show an in-progress monthly chart because a monthly chart isn't final until the end of the month, but this week's market action was so severe, I thought that a 'big picture' view would be most helpful. The cyclical bull... READ MORE
* Performance Overview. * Oversold, But Broadsided. * First Target for S&P 500. * Nasdaq 100 Breaks 40-week SMA. * FAANG Stocks Lead NDX Lower. * Mid-caps and Small-caps Bear the Brunt. * Downside Participation Expands Furthers. * Utilities Buck the Selling Pressure. * REIT ETF Remains with Breakdown. * Treasuries Gets Some Safe-haven Love. * Dollar Remains Strong... READ MORE
Market Recap for Thursday, October 25, 2018 Obviously, the numbers from Thursday tell us that we had a very strong day. But the "under the surface" signals really underscored that strength. Transports ($TRAN) gained 1.88% after nearly touching the February low. Technology (XLK, +3.44%), communication services... READ MORE
Market Recap for October 24, 2018 When the Volatility Index ($VIX, +21.83%) is elevated, like it's been throughout much of October, it should be no shock when Wall Street has a day like it did yesterday. There was a buyers strike and the Dow Jones lost 500... READ MORE
On the Relative Rotation Graph holding the 30 stocks in the DJ Industrials index, McDonald's (MCD) is one of the names that pop up as potentially interesting. The stock is positioned inside the improving quadrant for a few weeks now and moving towards the leading quadrant at a... READ MORE
* India and Brazil Remain Positive. * The All Ords Index versus the Aussie ETF. * Rupee Extends Decline Relative to US Dollar. * Rupee Weighs on India ETF. * Symbols for Currency Crosses. ... India and Brazil Remain Positive ... A few foreign stock indexes are holding up, but their Dollar denominated ETFs are underperforming because... READ MORE
Today's sell-offs (over 3% on the SPX , almost 4.5% on the Nasdaq and 3.79% drop on the Russell 2000) were deep and painful, but you don't need me to tell you that. I would like to be the bearer of good news, but I... READ MORE
FOREIGN STOCKS ARE LEADING THE U.S. LOWER... U.S. stocks are under pressure for a lot of reasons that have been described in previous messages. There's been the rotation over the last month out of economically-sensitive stock groups like cyclicals, industrials, energy, materials, and technology into defensive... READ MORE
Market Recap For October 23, 2018 It was a crazy day on Wall Street which, quite honestly, we should expect with a Volatility Index ($VIX) in the 20s. Jitters in global markets saw U.S. futures plunge yesterday morning. Our major indices opened more than 2% lower and it appeared... READ MORE
The pickings are getting slim after sharp declines in October, but some stocks are holding up better than others. The Software iShares (IGV), in particular, held up better than most industry group ETFs and Adobe (ADBE) is a leader in this group. The chart below shows Adobe falling sharply in... READ MORE
* Setting Benchmark Levels for Comparison. * Analyzing the Top Sectors and Benchmark Lows. * New Lows Expand on Latest Dip. * Discretionary, Finance and Industrials Lead New Low List. * Software and Cyber Security Hold Up. * CheckPoint, Fortinet and FireEye. * Food and Charts for Thought. ... Setting Benchmark Levels .... Chartists can set benchmark highs and... READ MORE
In our note on "Sector-in Focus: NIFTY Pharma", we discussed about the NIFTY Pharmaceutical Index coming out of a multi-year year downtrend and potentially reversing its trend. In the first Relative Rotation Graph (RRG) above, though the $CNXPHARMA has slowed down a bit on the relative momentum front,... READ MORE
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A couple of weeks ago I wrote about all the various types of technical analysts (Technical Analysts!); in this article I add to that list the authors and newsletter writers. Authors Well, I’ve written four books, two were essentially research projects (Candlestick Charting Explained and The Complete Guide to... READ MORE
On Friday, after the market closed, the Dow saw its Price Momentum Oscillator (PMO) on the weekly chart sink below its signal line, generating an IT PMO SELL signal. Today, insult was added to injury as a new IT Trend Model Neutral signal triggered. At this point, the only "... READ MORE
Citigroup (C) is leading the Financials SPDR (XLF) lower with a lower high in September and a rising wedge break in October. The chart shows weekly bars for Citigroup over the last three years. The stock led the market higher in 2016 and 2017 with a gain exceeding 100% from... READ MORE
Special Note I will be joining John Hopkins, President of EarningsBeats.com, for a special webinar later this afternoon at 4:30pm EST. I will be discussing my trading strategy during a volatile market like the one we have now, including some tips and tricks to manage risk during these... READ MORE
Nifty Pharmaceutical Index - NIFTYPHARMA ($CNXPHARMA) marked its high at 14,020 on 6th of April 2015 and since then it has remained in a falling channel under a corrective downtrend which has lasted over 3 years. After remaining in a corrective downtrend for over 3 years, it has shown... READ MORE
There are plenty of reasons why we should be cautious given the current market environment, but I'm not in the camp that believes we've entered a bear market. It's simply too early to make that call, in my opinion. Most corrections and bear markets... READ MORE
If you've explored the member dashboard, read a DP Alert or checked into the DecisionPoint Chart Gallery, you are likely familiar with our DecisionPoint Scoreboards for the SPX, OEX, INDU and NDX. What you may not have uncovered was our DecisionPoint Sector Scoreboard. Carl assembled a table that... READ MORE
Headwinds have been forming for the stock market. Point and Figure counts (PnF) have been signaling where these opposing forces to higher stock prices were likely to emerge. Stocks have reacted downward with authority after hitting these PnF targets. Let’s review, and bring current, some of these prior chart... READ MORE
S&P 500 CONTINUES TO TEST MAJOR SUPPORT LINES... After a rebound attempt on Tuesday, stocks ended the week pretty much where they started, but on the defensive. The daily bars in Chart 1 show the S&P 500 Large Cap Index closing Friday right on its 200-day... READ MORE
Editor's Note: This article was prepared jointly by Julius de Kempenaer and Arthur Hill with assistance from members of the StockCharts data and business teams. You may have noticed that in September, a lot was written about the changes in sector classifications that were implemented after the close... READ MORE
Though the week that went by saw lot of volatility, it remained particularly fruitless for the Markets. What was gained in the week before was given back this week. There was enough room for the Markets to pullback up to 10700. This week saw the levels of 10710 being tested... READ MORE
One of my favorite methods for analyzing the sector SPDRs is with CandleGlance charts sorted by the Rate-of-Change indicator to rank performance. This is a great way to quickly separate the leaders from the laggards and analyze short-term price action. The charts below show the 11 sector SPDRs and the... READ MORE
Despite a great rally on Tuesday, a sharp decline on Thursday took it all back, and the market finished the week barely changed. This was an options expiration week, so I think that probably had something to do with it. As of last week, I was expecting some chop in... READ MORE
Editor's Note: This article was originally published in John Murphy's Market Message on Thursday, October 18th at 5:00pm ET. My last two messages spelled out a lot of technical reasons that are bearish for the stock market, and increase the odds that the nine-year bull... READ MORE
The market has been under fire for the past two weeks. Volatility has spiked. Traders have bailed as they've sold on rallies. Bad news is bad news. Good news is bad news. No one wants to touch stocks! We can take a look at Netflix as a great... READ MORE
Ladies and Gentlemen: the most significant shakeup in sector classifications within the past decade has just occurred. Two of the world’s biggest index providers — Standard & Poor’s (S&P) and MSCI, Inc. — have reorganized critical sector indexes. It’s a good time to take stock of what... READ MORE