Residential housing is not important for its size relative to GDP, which, according to Copilot, is about 3-5%. Rather, due to its interest rate sensitivity, housing is significant because it is the first sector of the economy to turn at the end of a recession, and the first to turn... READ MORE
In this edition of StockCharts TV'sThe Final Bar, available to watch below, Dave celebrates the S&P 500 closing above 5500, laments the lack of market breadth, and provides updates on the infamous Hindenburg Omen. He also breaks down key levels to watch on charts of V,... READ MORE
KEY TAKEAWAYS * AMZN's stock price entered new all-time high territory, closing at $200.02; it could rise higher * If AMZN's stock price dips, watch for key levels to enter a long position * Amazons' next earnings report is expected to drop on August 1, 2024, which... READ MORE
In this video from StockCharts TV,Julius assesses the long-term trends as they are playing out on the monthly S&P 500 sector charts. He takes a look into the future using the expected seasonal trends for the month of July. Markets are still going higher, but the path... READ MORE
S&P 500 earnings are in for 2024 Q1, and here is our valuation analysis. The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E... READ MORE
In this edition of StockCharts TV'sThe Final Bar, available to watch below, Dave lays out the strong seasonal pattern for the S&P 500 in July, highlights the breakouts in AAPL and TSLA, shares the painful breakdowns in MGM, WM and CCL, and addresses the sudden rise... READ MORE
Today's DP Trading Room was jam packed! The lead story is definitely the fact that deflation is another possibility that many are not talking about. We don't know if it will be the final outcome, but we have a link that discusses this possibility: https://hoisington.... READ MORE
Historically, July has seen stock prices move higher almost 80% of the time, cementing this in our trader's notebook as a time to stay home and trade. Others can vacation this month! Chart 1 is my true seasonal pattern for the Dow for the last 124 years. It... READ MORE
Good morning and welcome to this week's Flight Path. "Go" bars were the order of the week again for U.S. equities and the end of the week saw a return to strong blue bars. Treasury bond prices also were able to maintain "Go"... READ MORE
The recovery in semiconductor shares ($DJUSSC) last week, in my opinion, was quite weak. Much of the strength occurred by 10am ET, and the balance of the days really didn't see much progress back to the upside. Accordingly, I'd call the rebound more market maker manipulation... READ MORE
After consolidating in the week prior, the markets resumed their up move and have ended the present week on a strong note. The markets also navigated weekly derivatives expiry, showing some signs of fatigue and impending consolidation on the last trading day after rising for four trading sessions in a... READ MORE
KEY TAKEAWAYS * Trend Continuation * Breakouts * Momentum Confirmation * Bull Flags Top 5 Stocks in "Go" Trends Trend Continuation on Rising Momentum GoNoGo Charts® highlight low-risk opportunities for trend participation with intuitive icons directly in the price action. The resurgence of momentum in the direction of the underlying price trend... READ MORE
In this StockCharts TV video, Mary Ellen recaps last week's market activity and the factors influencing market movements. She highlights two names, PANW and ADSK, as two bright spots in an otherwise rough preview of earnings season. This video originally premiered June 28, 2024. You can watch it... READ MORE
In this edition of StockCharts TV'sThe Final Bar, join Dave and Grayson as they run through top 10 charts to watch in July 2024! They'll cover breakout strategies, moving average techniques, relative strength, and much more. You don't want to miss these insights into... READ MORE
KEY TAKEAWAYS * The stock market continued to move sideways as investors continue to be indecisive * Speech from Fed Chair Powell and Fed meeting minutes could send the market in either direction * Friday's jobs report could impact price action in the stock market The stock market's theme... READ MORE
KEY TAKEAWAYS * Scanning * screening * Idea Generation * Market Breadth Join Tyler Wood, CMT, in this insightful tutorial where he demonstrates how to effectively scan for GoNoGo conditions using StockCharts.com. GoNoGo Charts, a powerful method developed by Alex Cole and Tyler Wood, blend foundational tools in technical analysis into a powerful... READ MORE
2024 has been a year marked by exceptional returns for a relatively small number of high-flying growth stocks. In recent weeks, top performers like Nvidia (NVDA) have pulled back, and Super Micro Computer (SMCI) remains well below its all-time high from earlier this year. So can the major equity benchmarks... READ MORE
"It takes 10 years to learn from the vineyard, and another 10 years to learn the wine from that vineyard." Metaphors and analogies are powerful teachers and offer behavioral adhesiveness. In other words, the ideas and lessons they present stick in our memory, and can thus more easily... READ MORE
KEY TAKEAWAYS * The 2024 bank stress results show that all participating banks are able to withstand an economic collapse * In spite of the banks passing the stress test, the XLF didn't see much movement * Look for XLF to reverse at its 50% Fibonacci retracement level and start gaining... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave shares charts for Palo Alto Networks, Arista Networks, Adobe Systems, and Fortinet, four tech stocks that are all pushing higher despite major indexes remaining sideways going into Friday's economic releases. He also breaks down the chart of... READ MORE
KEY TAKEAWAYS * NVDA shares prices are falling, but it doesn't necessarily mean that the AI trend is at an end * Expect near-term weakness in NVDA's stock price but keep in mind that longer-term prospects present a different picture * Watch key support levels since ultra-bullish sentiment could... READ MORE
One hallmark of secular bull markets is rotation. When leading stocks, sectors, and industry groups falter, there needs to be others that grab the baton and help to keep the bull market intact. Semiconductors ($DJUSSC) have been the clear leader in the stock market for years, but especially since the... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps Wednesday's late-stage rally for the S&P 500. He analyzes the charts of FDX, TSLA, RIVN, AMZN, and GLW, and reviews what a stronger US Dollar could mean for the SPX and Nasdaq. See Dave&... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe goes through the history of stock market bubbles, sharing what they look like, how they typically end, and how it relates to NVDA, MSFT, AAPL and GOOGL. Joe also covers the stock requests that came through this... READ MORE
The Transportation Sector has been one of the weaker brethren of late. That's important, as this market average forms part of the Dow Theory, which many observers believe is currently signaling a bear market. However, back in January, I wrote a piece on the Dow Theorythat came to... READ MORE
KEY TAKEAWAYS * Berkshire Hathaway Class B shares are poised for an explosive breakout * Fundamentally, BRK/B has been a consistent outperformer and is diversified among different sectors * BRK/B is working its way through a symmetrical triangle formation and could breakout in either direction Berkshire Hathaway needs no introduction. The... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave highlights technical analysis takeaways for NVDA, ENPH, PNR, GLD, and Bitcoin. He also breaks down the sudden resurgence in stocks like CCL, the benefits of long-term trend analysis on the weekly chart of the Nasdaq 100 (QQQ), and how... READ MORE
In this video from StockCharts TV,Julius takes a look at rotation among growth/value and size segments, followed by a look at current sector rotation. He detects an intraday sector rotation he has never seen before, which could be the prelude for a larger move. This video was originally... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave tracks the rapid and concerning deterioration in semiconductors, with stocks like NVDA and AVGO pushing lower after last week's bearish candle patterns. He then dives into the downturn in Bitcoin, the impressive recovery for energy stocks, and... READ MORE
The NASDAQ 100 ($NDX) has been surging higher since October 2023 with the pace of advance accelerating in the second quarter of 2024. These 100 components are among the largest market capitalization NASDAQ Composite ($COMPQ) stocks. All of the ‘Magnificent-7' mega-caps are represented in this index. Now the second... READ MORE
Carl brings out his "Grab Bag" during today's free DecisionPoint Trading Room! He gives us a read on Chipotle's (CMG) 50:1 split. He talks about NVDA's strangle hold on the market and gives us homework to read recent articles from David... READ MORE
Good morning and welcome to this week's Flight Path. We saw another strong week of blue "Go" bars for the equity index. Treasury bond prices also maintained strong blue "Go" colors for the entire week. U.S. commodities almost did the same, but the... READ MORE
Extremely heavy volume that accompanies a gap higher and a reversing candle after a lengthy uptrend is typically a sign of buyers' exhaustion and a much more aggressive group of sellers. The longer and more impressive the rally leading up to the reversal, the more likely the top may... READ MORE
The markets consolidated throughout the past week, which was a shortened one, with Monday, June 17th being a holiday on account of Bakri Eid. The past five sessions saw the markets staying in a capped range throughout the day. Even when the Nifty kept marking incremental highs, the intraday trend... READ MORE
Last week, the broader market Indices hit another new high on Thursday before pulling back into Friday's close. Not all areas participated, however, as the recently explosive move into AI stocks ran into trouble later in the week. Instead, many of last week's top performers were... READ MORE
In this StockCharts TV video, Mary Ellen reviews the broader markets, takes a close look at NVDA and other year-to-date winners that sold off last week, and shares top candidates in the Consumer Discretionary sector. This video originally premiered June 21, 2024. You can watch it on our dedicated page... READ MORE
Moving averages are a crucial charting tool, but many of us aren't getting the most out of them. In this edition of StockCharts TV'sStockCharts in Focus, Grayson shows you how to enhance your moving averages with 4 unique charts, straight out of his own account. You&... READ MORE
KEY TAKEAWAYS * Technology stocks end the week lower, breaking their winning streak * Semiconductor stocks sell off and take the S&P 500 and Nasdaq Composite lower for the week * Micron Technology announces earnings next week, which could mean the pullback may present an opportunity to load up on some... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave answers viewer questions on using technical indicators on leveraged and inverse ETFs like SOXL and SOXS, buying breakouts below the 200-day moving average, upside targets for gold, and whether the $USD is in a primary uptrend. See Dave'... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps a day where technology shares struggles, with leading names like NVDA and MU dropping bearish engulfing patterns to indicate short-term distributions. He also addresses the ongoing divergence between large caps and small caps, the upside potential for energy... READ MORE