The Australia All Ords Index ($AORD) is trading well below its April-May highs and stuck in a long and tight consolidation. In contrast, the Australian iShares (EWA) hit a 52-week high in late July and remains close to this high. Which one are we to believe? Are Australian stocks lagging... READ MORE
During the week, I wrote about gold (and gold miners) achieving upside breakouts and outperforming stocks for the first time since 2011. Gold, however, is also doing better than bonds for the first time in six years. Not just some bond categories, but all of them. The chart below plots... READ MORE
ALL BOND CATEGORIES ARE UNDERFORMING GOLD IN 2017... During the week, I wrote about gold (and gold miners) achieving upside breakouts and outperforming stocks for the first time since 2011. Gold, however, is also doing better than bonds for the first time in six years. Not just some bond categories,... READ MORE
One of my trading strategies is to trade the best stocks in the best industries at the best price. Sounds easy enough, right? But what does this mean exactly? Well, first I take a top down approach and review every industry group within each aggressive sector - technology, industrials, financials... READ MORE
As I prepared for the MarketWatchers LIVE segment on sentiment today, I was surprised to see investors and money managers are getting very bearish. Put/Call ratios show a bearish bias as well. It is important to remember that sentiment is a "contrarian" indicator. It works a bit... READ MORE
Q2 earnings season has come and gone and traders liked what they heard and saw. This is the primary reason the market has come to life, in spite of some things going on out there that might normally spook the market. For those of you out there who don'... READ MORE
Greg Morris gave us an article on "Fake News!" this week, and it prompted me to reflect on how much "Flood News" we have gotten: Reporters standing in water, reporters standing in front of water, reporters standing in the rain in front of water and in... READ MORE
Upfront, it’s important to note that unlike most investors who hear asset allocation and conjure up three asset baskets (stocks, bonds, cash), Tensile Trading presents an exhaustive all-inclusive buffet of 59 different asset classes from which you choose. Our book also shows to what extent each of these various... READ MORE
.... QQQ Leads with Breakout and New High .... Higher Highs > Weakening Momentum .... Small-caps Leading for Two Weeks .... Tech, Utes and Healthcare Lead Sector SPDRs .... Materials and Industrials Break Flag Lines .... Consumer Discret. SPDR Bounces off Support .... Financials Still Dragging .... Regional Bank SPDR Tests 2017 Lows .... Consumer Staples Show Internal Weakness... READ MORE
I have written about how inept the news is when it comes to the financial and stock markets before. Since I am retired I am trying to wean myself from the news. It isn’t easy as I’ve been a news junky for decades. In this article, I’m... READ MORE
Special Note Today marks my 2 year anniversary of writing daily articles here in Trading Places. It's spanned some 500 articles. I love what I do and am completely blessed to be able to write about something I'm very passionate about. I'd like to... READ MORE
It's the last day of the month so all of our monthly charts have "gone final". First, here are the DecisionPoint Scoreboards currently (you can add these to your member dashboard!). You'll note two new Short-Term Trend Model (STTM) BUY signals arrived on the... READ MORE
* NASDAQ is leading on the upside again * The Technology/Staples ratio continues to signal the all-clear for the whole market * Growth versus value is tipping towards growth NASDAQ is leading on the upside again Back in July the NASDAQ Composite was the epicenter for the coming market weakness, as it... READ MORE
STOCKS ARE ENDING THE MONTH ON A STRONG NOTE ... Although the month of August will still go down as the weakest month of the year, stock indexes appear to be ending the month on a strong note. And all of them are showing short-term technical improvement. Chart 1, for example,... READ MORE
I have to admit I love breakouts of long-term basing patterns and the Dow Jones U.S. Auto Parts Index ($DJUSAP) is currently in the midst of the mother of all basing patterns. Dating back to 2014, we've seen a number of price resistance tests that all finished... READ MORE
The Relative Rotation Graph above shows the US sector universe based on S&P 500 indices (ETFs). Two sectors stand out on this chart. These are Energy (XLE) inside the improving quadrant but at low levels on the JdK RS-Ratio axis, and Financials (XLF) inside the Leading quadrant which... READ MORE
Market Recap for Wednesday, August 30, 2017 The U.S. stock market benefited from a lot of the new and a little of the old on Wednesday as the Dow Jones U.S. Biotechnology Index ($DJUSBT) and the Dow Jones U.S. Semiconductors Index ($DJUSSC) posted solid gains to help... READ MORE
.... Meet the New Boss, Same as the Old Boss .... Software Leads Tech with 52-week High .... Flag Breakouts in Cloud and Internet ETFs .... Networking and Cyber Security Join the Surge .... Five Cyber Security Stocks (QLYS, PFPT, FTNT, PANW, FEYE) .... SOXX Goes for Breakout as XSD Surges off Support .... Five Semiconductor Stocks... READ MORE
As you can see on the DecisionPoint Scoreboard summary, we had two new Short-Term Trend Model (STTM) BUY signals on the Dow and NDX. I've annotated the charts below the Scoreboards. Of particular note on those charts are the breakouts above the declining tops trendlines. The PMO on... READ MORE
EBAY shows signs that the correction is ending and the bigger uptrend is resuming. First, the long-term trend is up because the stock hit a 52-week high in July. The stock then corrected with a move back to a support zone around 34-34.5. Notice that broken resistance and the... READ MORE
Market Recap for Tuesday, August 29, 2017 At Tuesday's open, North Korea and its missile test were the talk of Wall Street. By the close, traders ignored the rising tensions and instead focused on the recent better-than-expected quarterly earnings and the low interest rate environment. U.S. equities... READ MORE
First, thank you to all of the live MarketWatchers LIVE webinar viewers! You've been making writing my blog articles easy by posing excellent questions in the chat room during the live show. Today's question was how I determine if a Price Momentum Oscillator (PMO) is overbought... READ MORE
GOLD ACHIEVES BULLISH BREAKOUT ... After trading sideways for the past five months, gold finally achieved a bullish breakout yesterday. Chart 1 shows the price of gold breaking the $1300 barrier which had turned back previous rallies in April and early June. Gold is adding to that gain today. The flight... READ MORE
Market Recap for Monday, August 28, 2017 The U.S. market was able to rally a bit in afternoon trading on Monday and most of our major indices finished in positive territory - the Dow Jones was the lone exception as that index of 30 conglomerates fell 5 points. Sectors... READ MORE
.... Small-caps Lead Five Day Bounce .... Stocks are Underperforming Bonds in August .... Four Inside Days and No Follow Thru .... Chandelier Exit Falls for IJR .... 10 Stocks and A Mixed Bag over the Past Week .... Amazon and Google Tests Support as Facebook Corrects .... Intel Lags in 2017 .... Discover Financial Breaks Wedge Line... READ MORE
The Retail SPDR (XRT) is one of the worst performing industry group ETFs and Target (TGT) is one of the downside leaders. Even though the stock is up sharply since early July, it is down over 20% year-to-date and seriously lagging the broader market in 2017. Note that SPY is... READ MORE
Market Recap for Friday, August 25, 2017 Selling in the final hour on Friday contributed to bifurcated action where the NASDAQ tumbled into negative territory while the Dow Jones, S&P 500 and Russell 2000 all managed to hang onto meager gains. Our major indices remain in a downtrend... READ MORE
* Contrary opinion argues against being too bearish on US equities * US equities are breaking down against the world * Emerging markets are emerging * Metals driving north Contrary opinion argues against being too bearish on US equities The majority of the shorter-term indicators monitoring trends lasting between 4-6 weeks argue for an... READ MORE
It's rare when stocks line up bullishly from a technical perspective, in addition to both fundamental and seasonal perspectives as well. But that's exactly what I see when looking at Autodesk (ADSK). Let's start with fundamentals. ADSK just reported its latest quarterly earnings and... READ MORE
The ‘Dow Theory’ involves the study and comparison of the Dow Jones Industrial Average and the Dow Jones Transportation Average. When both averages are in ‘lockstep’ in a major uptrend, the market is said to be in a Bull Market. When both are in a downtrend, a bear market is... READ MORE
While we usually focus on the large-cap market indexes, they often disguise what is happening with smaller-cap stocks. Recently I decided to delve into this question with a chart showing the relative strength of smaller-cap indexes. The first relative strength panel examines all S&P 500 stocks on an... READ MORE
Straight from the pages of my own trading journal. These are my charts from all the market corrections since 1981. Here’s why I want to share these with you. The beauty of technical analysis is that it represents human emotions expressed by the buying and selling behavior of investors... READ MORE
Reminder You can subscribe to my blog by scrolling to the bottom of the article, typing in your email address and clicking the green "Notify Me!" button. Once subscribed, my articles will be sent directly to your email as soon as Trading Places articles are published. Thanks! Market... READ MORE
.... Volatile, but not that Volatile .... When Does Volatility Become a Problem? .... SPY and QQQ Correct with Flag Patterns .... IJR Hits Prior Reversal Zone .... Bull Flags working in XLI, XLV, XLF and XLB .... XLY Toys with Double Top Support .... EW Consumer Discretionary ETF Breaks Down .... Consumer Staples Break Down .... Bottom Fishing... READ MORE
It was another round of selling for Whole Food Markets' (WFM) competitors as Amazon.com (AMZN) made headlines by announcing that prices would be cut at WFM stores. That spooked the likes of Costco (COST), Wal-Mart (WMT) and Target (TGT) as all three saw drops on very heavy volume.... READ MORE
No changes to report on the DecisionPoint Scoreboards and based on the charts in the DecisionPoint ChartList (link at top of the DecisionPoint blog page), I only see the Intermediate-Term Trend Model signals nearing Neutral signals on the daily chart. 20-EMAs are steadily dropping toward negative crossovers the 50-EMAs. The... READ MORE
Market Recap for Wednesday, August 23, 2017 Industrials (XLI, -0.94%) and consumer discretionary (XLY, -0.85%) led a move lower in U.S. stocks on Wednesday as we approach the gathering of global central bankers in Jackson Hole over the next few days. Energy (XLE, +0.43%) managed to... READ MORE
.... Minding the Gaps (SPY, MDY, IJR) .... QQQ and XLK are Still Leading .... Cloud Computer and Internet ETFs Form Flags .... HACK Hits Potential Reversal Zone .... SOXX Coils after New High .... Biotech ETFs Firm in Potential Reversal Zones .... XME Turns after Small Correction (plus SLX) .... International Steel versus US Steel .... Silver Goes... READ MORE
Today was my first day back on the MarketWatchers LIVE show (you'll find the recording under the "Webinars" tab) and it was so much fun to reconnect with all the fans in the chat room and on Twitter. During our "Mailbag" segment, I was... READ MORE
* Housing and housing stocks are vulnerable * Equal weight ETF’s are becoming less equal * Gold short-term vulnerable Housing and housing stocks are vulnerable New data for residential new single family home sales ($$HSNG1FAM) was released this morning and it is starting to look a little shaky. Chart 1 does not... READ MORE