** While Erin is away, we will be posting some of her "greatest hits" educational blogs. Some information may be dated ** The definition of "Smart Money": Money bet or invested by people with expert knowledge. I won't claim expert knowledge, but the pursuit of getting... READ MORE
DOW OUTPERFORMANCE MAY NOT BE A SIGN OF MARKET STRENGTH... It seems everyone in the media has been transfixed on the Dow Industrials hitting 22K this week. And they cite that as proof that the stock rally is alive and well. That recent Dow strength, however, is coming from a... READ MORE
FireEye reported earnings on Tuesday and surged on Wednesday morning with a strong open. The stock is trading well below the open now, but I wanted to highlight the bigger patterns at work. First, the long-term trend is up because the stock is above the 200-day EMA and the 50-day... READ MORE
Market Recap for Tuesday, August 1, 2017 It was a rather boring day on Wall Street Tuesday, albeit a bullish one, as all of our major indices finished the day higher. Both the S&P 500 and NASDAQ tight-roped along key support/resistance levels as you can see below:... READ MORE
I would imagine there are many readers that are fairly new to market analysis and in particular, technical analysis. We have had 10 bear markets in the S&P 500 Index since 12/30/1927 and 15 bear markets in the Dow Jones Industrial Average since 2/17/1885.... READ MORE
The dollar has been sinking since the end of 2016. Recently there has been much attention and commentary from the financial community on the impact of this weakness. A falling dollar typically helps U.S. exporters by lowering the price of their goods in world markets. A lower dollar imports... READ MORE
The Market Round Up Video Recording for August is available. Use the HD button for better clarity when viewing. Market Round Up Live With Martin Pring 2017-08-01 from StockCharts.com on Vimeo. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the... READ MORE
Today a new IT Trend Model (ITTM) BUY signal was generated by U.S. Oil Fund (USO), our surrogate for crude oil, when the 20EMA crossed up through the 50EMA. This looks like a case where the signal is a bit late in arriving due to the severe selling that... READ MORE
Market Recap for Monday, July 31, 2017 The Dow Jones set another all-time high on Monday, rising another 60 points in its lone attempt to carry the bull market to new heights. All of our other major indices fell on Monday despite the renewed strength of financials (XLF, +0.72%... READ MORE
.... Oil Could Hit Resistance Soon .... Oil & Gas Equipment & Services SPDR Lags Crude .... Chevron Leads as ExxonMobil Lags .... Goldman Finds Support as Schwab Turns Up .... Loews and Travellers Lead Insurance Industry .... Bristol Meyers Fills Gap with Big Move .... Oil Could Hit Resistance Soon The rally in crude could run... READ MORE
** While Erin is away, we will be posting some of her "greatest hits" educational blogs. Some information may be dated ** With the release of several DecisionPoint ChartPacks (to learn more about them and how to install them click here), many users have expressed that they are overwhelmed by... READ MORE
* The longer-term indicators very finely balanced * The Gold/dollar ratio may be providing some leadership * Gold shares may have something to say in the matter The longer-term indicators very finely balanced The price of Gold has been in a trading range since late 2013, and has traded even more narrowly... READ MORE
Gold generated a new IT Trend Model (ITTM) BUY signal as the 20EMA crossed up through the 50EMA. In the last year there have been six ITTM signal changes, and price has been running flat for six months, a configuration that facilitates even more whipsaw. There is, however, more to... READ MORE
Chevron appears to be ending its correction and resuming its bigger uptrend with a five-day surge and breakout. The stock surged to a 52-week high in December and then retraced 61.8% of the prior advance with a decline into April. The decline basically ended in April because the stock... READ MORE
Market Recap for Friday, July 28, 2017 The U.S. stock market has been quite resilient and today wraps up a very strong July. On Friday, only the Dow Jones finished higher - and at a fresh new record high - while healthcare (XLV, +0.50%) and industrials (XLI, +0.... READ MORE
The above Relative Rotation Graph holds some ETFs representing various asset classes and compares the against VBINX, a balanced index fund that holds 60% equities and 40% bonds. The most striking observation is the fact that there is only one asset class on the right-hand side of the plot AND... READ MORE
You might find it surprising, but healthcare (XLV, +15.51%) has posted the best six month performance among all sectors - even technology (XLK, +14.10%). All five industry groups within healthcare have gained 10% or more in the past six months with medical supplies ($DJUSMS, +23.32%) leading the... READ MORE
The Wyckoff Method is designed for the campaign oriented trader. Discipline, patience and vision are the skills required to conduct a bull or bear campaign from start to finish. Wyckoff provides outstanding tools for executing on such a trading orientation. Point and Figure offers a technique for estimating the extent... READ MORE
There is always something for the market to wait for. Last week it was options expiration, and this week it was the Fed meeting. There was nothing new from the Fed, so there were no market hiccups as a result. SPY made new, all-time highs again this week. On Thursday... READ MORE
It’s hard to believe but exchange-traded funds (ETFs) have been with us now for 24 years. Who would have guessed? Perhaps John Bogle. As a rule, investors buy Sector ETFs to smooth out the ride and decrease volatility. The classic measurement of volatility is, of course, the statistical measurement... READ MORE
CURRENCIES HAVE AN IMPACT ON INFLATION RATES... Persistently low inflation is worrying central bankers around the globe. Even the Fed has expressed more concern of late. Central bankers in Australia, Canada, Europe, and Japan have also mentioned low inflation as restraining them from abandoning their ultra-loose monetary policies. So far,... READ MORE
.... Market Breadth is Bullish Enough .... New Highs Still Outpacing New Lows .... SPY Notches another New High .... Equal-weights Keep Pace on the Chart .... QQQ Surges to New High .... Majority of Sectors Confirm New Highs .... XLY and XLK Lead Recent Surge .... Regional Banks Weigh on Finance Sector .... 10-yr T-Yield Makes Breakout Attempt... READ MORE
Market Recap for Thursday, July 27, 2017 The mostly unabated rise in technology shares off the early July low took a sudden turn lower on Thursday afternoon and the initial reactions to quarterly earnings reports from Amazon.com (AMZN) and Starbucks (SBUX) won't help this morning as they&... READ MORE
The NASDAQ 100 has been quite strong in 2017, but it's not because of Tractor Supply's (TSCO) performance. TSCO had lost one third of its market value from the beginning of the year through early July, but a positive divergence emerged and that suggested that downside... READ MORE
Today the Dow Industrials ($INDU) PMO signal changed from a SELL to a BUY. The just retired SELL signal was only three days old because the daily PMO is currently very flat and close to its signal line. In this configuration the PMO is subject to frequent whipsaw signal changes.... READ MORE
TRANSPORTATION ISHARES FALL BELOW 50-DAY LINE... After hitting a new record earlier in the month, transportation stocks are being sold pretty hard today . Chart 1 shows the Transportation Average iShares (IYT) plunging 3% to the lowest level in nearly two months. The IYT has also fallen back below its 50-day... READ MORE
Market Recap for Wednesday, July 26, 2017 The small cap Russell 2000 index struggled, finishing down 0.56% on Wednesday's session, but it was another day of record high closes elsewhere as the Dow Jones, S&P 500 and NASDAQ all advanced. The FOMC provided its latest... READ MORE
.... Steady Uptrends for Six Homebuilder Stocks .... Flags, Throwbacks and Diamonds (plus DHI) .... Several Asia Markets Hit New Highs .... Philippines, Malaysia and Indonesia ETFs Turn Up .... Steady Uptrends for Six Homebuilder Stocks CandleGlance charts are great for comparing price charts of related stocks. Chartists can enter up to 12 symbols in... READ MORE
A LOT IS RIDING ON DOLLAR DIRECTION... After hitting a 14-year high at the end of 2016, the U.S. Dollar Index has lost 8% during 2017. A lot of that slide came from disappointment in the so-called Trump reflation trade which was supposed to boost the U.S. economy,... READ MORE
Biotech stocks are leading the market with the Biotech iShares (IBB) and Biotech SPDR (XBI) hitting 52-week highs this week. Even though Illumina (ILMN) is lagging its benchmarks a bit, it is firming at support and could be poised to end its correction. The chart shows ILMN advancing from 120... READ MORE
Market Recap for Tuesday, July 25, 2017 Energy shares (XLE, +1.26%) received another boost when crude oil prices ($WTIC) surged on Tuesday to close at $47.89 per barrel (+3.34%), its highest close in nearly two months. While the crude oil spike extends a very nice rally off... READ MORE
** While Erin is away, we will be posting some of her "greatest hits" educational blogs. Some information may be dated ** One of the features that I used frequently on the DecisionPoint.com website was Gallery View in the ChartTool. I was happy to learn that you can not... READ MORE
* The US versus the world * Two reasons why US equities are likely to underperform * What does the rest of the world say? I have been writing for some time that, notwithstanding the inevitable but unpredictable near-term correction, the US market is in good technical shape and likely to work its... READ MORE
BOND YIELDS MAY BE BOTTOMING... Bond yields are jumping today. Their chart patterns also suggest that yields may be bottoming. Chart 1 shows the 10-Year US Treasury YIeld ($TNX) jumping 6 basis points today to push it back above its (red) 200-day average. The trendline drawn over its May/July... READ MORE
.... Long-term Uptrends Resume (SPY) .... Back in the Saddle without News .... Are Rates Turning Up and Bonds Turning Down? ($TNX, TLT, IEF) .... Regional Banks Surge (plus USB, FITB, ZION) .... Vulcan Materials and Martin Marietta Turn Up .... Long-term Uptrends Resume (SPY) Stocks resumed their long-term uptrends with solid advances over the last... READ MORE
Market Recap for Monday, July 24, 2017 It was another bifurcated session as the more aggressive NASDAQ and Russell 2000 led while the Dow Jones and S&P 500 took a breather. That's been the theme of late and as long as the more aggressive indices lead,... READ MORE
Today the Dow Industrials ($INDU) lost its recent PMO BUY signal from 7/14 and has logged a PMO SELL signal on the DP Scoreboard. The chart is below. It looks like a short-term double-top in the thumbnail. Support is holding at 21500, but this recent PMO SELL signal and... READ MORE
Market Recap for Friday, July 21, 2017 Friday was definitely a boring kind of day, but the bulls will generally take boring - especially after a nice push higher and a huge slate of earnings about to be released this week. While all of our major indices finished Friday on... READ MORE
Today the Nasdaq 100 Scoreboard turned completely green. Well, it lost the only red arrow it was clinging to on the intermediation-term Price Momentum Oscillator (PMO). The equal-weight Consumer Discretionary ETF (RCD) also triggered a new Intermediate-Term Trend Model (ITTM) BUY signal. The charts are below for your review. With... READ MORE
Wyckoffians need to stay flexible and be willing to change their minds. It is an acquired skill to re-analyze charts with fresh eyes. We should practice this each day. Recently we studied the mid-capitalization and the small-capitalization indexes (click here for a link to the post). Here let’s re-analyze... READ MORE