MEMBERS ONLY
Equities Hit New All-Time Highs as Communications Joins Leadership Party
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
Good morning and welcome to this week's Flight Path. Equities rebounded this week as we saw a string of strong blue "Go" bars and price hit a new higher high. Treasury bond prices returned to a "Go" trend with their own week of strong...
READ MORE
MEMBERS ONLY
Week Ahead: Despite Pullback, Breadth Remains a Concern; Nifty Still Prone to Retracement
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae
The markets had an incredibly eventful week as they reacted to the exit polls and general election results. All happened in the same week; the Nifty saw itself forming a fresh lifetime high, and also came off close to 8% from its peak. A remarkable recovery also followed, which led...
READ MORE
MEMBERS ONLY
Alibaba Returns to the Scene of the Crime
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
KEY TAKEAWAYS
* Big breakouts are bullish, but sometimes traders miss the breakout.
* A throwback is a decline back to the breakout zone, which turns support.
* Throwbacks offer traders a second chance to partake in breakouts.
Chinese stocks wet on a tear from mid April to mid May with the China...
READ MORE
MEMBERS ONLY
Tracking the Three Signs of the Bear
by David Keller,
President and Chief Strategist, Sierra Alpha Research
There is no denying that the primary trend for the S&P 500 remains bullish as we push to the end of Q2 2024. But what about the conditions "under the hood" of the major benchmarks? Today, we'll highlight three "signs of the bear&...
READ MORE
MEMBERS ONLY
META, AMZN and MSFT On The Move! Here's How to Pinpoint Entry
by Mary Ellen McGonagle,
President, MEM Investment Research
In this StockCharts TV video, Mary Ellen reviews what drove the markets to new highs. She highlights S&P 500 sectors, plus stocks that have reversed their downtrends, pointing out good entry points. Mary Ellen also takes a close look at why stocks did not respond to today'...
READ MORE
MEMBERS ONLY
NVIDIA's Stock Split and Potential Correction
by Carl Swenlin,
President and Founder, DecisionPoint.com
by Erin Swenlin,
Vice President, DecisionPoint.com
When Nvidia (NVDA) opens on Monday, it will have experienced a 10:1 split, and we should remember that one of the purposes of stock splits is to facilitate distribution. That is to say that the lower price after the split attracts investors who avoided the stock at the higher...
READ MORE
MEMBERS ONLY
S&P 500 Still Bullish: This Is What You Should Watch For
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com
KEY TAKEAWAYS
* Stock market unfazed by today's jobs data
* Yields rise, US dollar rises, and equities close the week relatively flat
* Market breadth continues to be strong, indicating the stock market is still chugging along
It was a bit of a seesaw week in the stock market, but,...
READ MORE
MEMBERS ONLY
Only One Pocket of Strength Left in US Stock Market
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
KEY TAKEAWAYS
* Only Large-Cap Growth is on a positive RRG-Heading
* No segment, except LC Growth, has managed to take out its late March high
* $DJUSGL setting up for negative divergences
Breaking Down Into Growth / Value
Using Relative Rotation Graphs to help break down the US stock market into various segments...
READ MORE
MEMBERS ONLY
Technology Sector Participation Is Fading
by Carl Swenlin,
President and Founder, DecisionPoint.com
The Technology Sector (XLK) continues to dominate and drive the rally, but fewer and fewer stocks within the sector are participating in the rally. We know this because our Silver Cross Index (SCI), which shows the percent of stocks in the Technology Sector with Silver Cross BUY Signals (20-day EMA...
READ MORE
MEMBERS ONLY
Retail Stocks Caught in Limbo: Will RTH Break Free and Soar?
by Karl Montevirgen,
Financial Writer
KEY TAKEAWAYS
* VanEck Vectors Retail ETF (RTH) holds 70% discretionary and 30% staples retail stocks
* Retail stocks have been on a steady long-term uptrend over the last 10 years
* Traders are likely to accumulate or sell positions depending on the Fed's interest rate decisions
VanEck Vectors Retail ETF...
READ MORE
MEMBERS ONLY
Rules-Based Money Management - Part 8: Putting Trend-Following to Work
by Greg Morris,
Veteran Technical Analyst, Investor, and Author
Note to the reader: This is the twenty-fourth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of...
READ MORE
MEMBERS ONLY
3 Keys to Finding the Strongest Trends
by Joe Rabil,
President, Rabil Stock Research
On this week's edition of Stock Talk with Joe Rabil, Joe shows the three keys he hunts for when identifying reversals and strong trends, giving a few examples and then showing one that is developing now. He then highlights similar techniques he uses while reviewing the Sectors. In...
READ MORE
MEMBERS ONLY
Will Spotify Smash Its All-Time High of $387?
by Karl Montevirgen,
Financial Writer
KEY TAKEAWAYS
* Spotify's stock price has been trending higher for the last 16 months
* Spotify's stock price could reach its all-time high
* Analysts project Spotify's stock price to reach $400 in 2024 and $485 in 2025
Music streamer Spotify Technology (SPOT) isn't...
READ MORE
MEMBERS ONLY
A Practical Options Strategy to Trade Home Depot
by Tony Zhang,
Chief Strategist, OptionsPlay
KEY TAKEAWAYS
* To take advantage of Home Depot's stock price decline, try implementing the put vertical spread
* The put vertical spread can lower your risk while you capitalize on the downside move in HD
* By going out to the August expiration, you can open a put vertical for...
READ MORE
MEMBERS ONLY
These SURPRISING Sectors are Showing Strength
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
In this video from StockCharts TV,Julius uses the S&P 500 Sector Indexes to assess the long term price trends on the completed monthly charts for May, then discusses the long-term relative trends on a monthly RRG. Julius highlights the continued relative strength for Technology, Communication Services and...
READ MORE
MEMBERS ONLY
It's Time to Take a Look at the Canadian and Australian Dollars and What They Imply for Inflation
by Martin Pring,
President, Pring Research
The Canadian and Aussie dollars have been confined between two converging trendlines since the beginning of the century, as we can see from Chart 1. The moment of truth appears to be close at hand, as both are approaching the apex of a giant potential symmetrical triangle.
One usually consistent...
READ MORE
MEMBERS ONLY
Wyckoff at Work in the Intraday Timeframe
by Bruce Fraser,
Industry-leading "Wyckoffian"
It is well known that stock market indexes are fractal. Demonstrating repeatable price structures in all timeframes. In the intraday timeframe these price structures repeat frequently. The Wyckoff characteristics of Accumulation, Markup, Distribution and Markdown are constantly at work in smaller periods of time. Wyckoff students will study such structures...
READ MORE
MEMBERS ONLY
UTILITIES TRYING TO "POWER" UP EQUITY MARKETS
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
Good morning and welcome to this week's Flight Path. We saw continued weakness this week in U.S. equities although there was a big rebound on Friday's bar. Treasury bond prices entered a period of uncertainty as we see GoNoGo Trend paint successive amber "Go...
READ MORE
MEMBERS ONLY
DP Trading Room: Upside Initiation Climax (Should We Trust It?)
by Erin Swenlin,
Vice President, DecisionPoint.com
On today's DecisionPoint Trading Room episode Carl and Erin discuss Friday's "Upside Initiation Climax" and whether it can be trusted. With market follow through tepid, they discuss the implications of this very bullish signal.
Carl reveals his sentiment of the overall market and covers...
READ MORE
MEMBERS ONLY
Visualizing the Holdings for a Dual Momentum Rotation Strategy
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com
KEY TAKEAWAYS
* Absolute momentum defines trend direction.
* Relative momentum quantifies the strength of the uptrend.
* Take together, these two form the basis for a Dual Momentum Rotation Strategy.
As the name suggests, Dual Momentum Rotation Strategies focus on stocks that are in absolute and relative uptrends. This is a two-step...
READ MORE
MEMBERS ONLY
Week Ahead: Markets' Reaction to Exit Poll and General Election Results
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae
The Indian equities experienced a notably eventful previous week, marked by a fresh lifetime high and a subsequent decline of over 400 points within the same week. Over the past five sessions, the Nifty 50 index fluctuated within a 693.80-point range before closing with a net weekly loss of...
READ MORE
MEMBERS ONLY
One MAJOR Concern About Friday's Rally
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
I'm all for a big rally with a hammer printing on the long-term weekly chart, especially at 20-week EMA support. That's exactly what happened on Friday on the Dow Jones Industrial Average ($INDU). This index of conglomerates had been underperforming other areas of the stock market...
READ MORE
MEMBERS ONLY
Hindenburg Omen Flashes Initial Sell Signal
by David Keller,
President and Chief Strategist, Sierra Alpha Research
While the S&P 500 did manage to finish the week above tactical support at 5250, one of the most widely-followed macro technical indicators recently registered an initial sell signal for the second time in 2024. Today we'll explain the three components of the Hindenburg Omen, show...
READ MORE
MEMBERS ONLY
Top 5 Stocks in "Go" Trends | Fri May 31, 2024
by Tyler Wood,
Co-founder, GoNoGo Charts®
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
MEMBERS ONLY
Tech Stocks Sell Off, But AI Shines!
by Mary Ellen McGonagle,
President, MEM Investment Research
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish close in the markets while highlighting areas to stay away from. She also shares why AI-related areas of Tech remain positive and what drove the Retail sector into a new uptrend. The potential downtrend reversal...
READ MORE
MEMBERS ONLY
Stock Market Shows Its Magic: An Exciting Finish
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com
KEY TAKEAWAYS
* The stock market has wrapped the week on a positive note
* Consumer Staples stocks may start to show strength in the near future
* More macro data is on deck for next week
What a turnaround! Today's PCE data, which was in line with expectations, initially sent...
READ MORE
MEMBERS ONLY
MUST SEE! Top 10 Stock Picks For June 2024
by David Keller,
President and Chief Strategist, Sierra Alpha Research
by Grayson Roze,
Chief Strategist, StockCharts.com
In this edition of StockCharts TV'sThe Final Bar, join Dave and Grayson as they run through top 10 charts to watch in June 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
MEMBERS ONLY
Is Aflac Set to Surpass Analysts' Targets? Find Out Now!
by Karl Montevirgen,
Financial Writer
KEY TAKEAWAYS
* Aflac stock soars, hitting a new all-time high
* Indicators suggest the stock is strong and could continue rising
* Aflac has the potential to outperform the S&P 500, the Financial sector, and the insurance industry
Boring and captivating rarely coexist, except for contrarians who can uncover the...
READ MORE
MEMBERS ONLY
Textbook Double Top on Silver (SLV)
by Erin Swenlin,
Vice President, DecisionPoint.com
Gold is struggling, moving mostly sideways. Silver has technically been moving sideways as well, only it has formed a textbook double top chart pattern. Textbook double tops show even tops and a clear confirmation line delineated at the middle of the "M" formation. What is good about these...
READ MORE
MEMBERS ONLY
The Sky is Not Falling | Focus on Stocks: June 2024
by Larry Williams,
Veteran Investor and Author
A note to the Cassandras who are now out in full force...
Led by "Rich Dad, Poor Dad" Robert Kiyosaki's warning of "Be careful, it's the biggest crash in world history," the bears have come out of their winter caves. "We...
READ MORE
MEMBERS ONLY
S&P 500 Sinks on Software and Semiconductor SELLOFF
by David Keller,
President and Chief Strategist, Sierra Alpha Research
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Jonathan Krinsky, CMT of BTIG. Jonathan speaks to the weakness in market breadth conditions and the software group as a key space to watch for relative strength weakness. David breaks down the relationship between the S&P...
READ MORE
MEMBERS ONLY
From Summer Doldrums to Year-End Surge: How to Profit from Seasonal Trends in Precious Metals and Bitcoin
by Karl Montevirgen,
Financial Writer
KEY TAKEAWAYS
* Bitcoin, gold, and silver exhibit similar seasonality patterns.
* Bitcoin, gold, and silver prices largely reflect economic expectations.
* If you're bullish on bitcoin, gold, or silver, there are critical levels to watch.
Safe-haven investments like gold, silver, and now Bitcoin have had a bumpy and uncertain rise,...
READ MORE
MEMBERS ONLY
Rules-Based Money Management - Part 7: The "Dancing with the Trend" Model
by Greg Morris,
Veteran Technical Analyst, Investor, and Author
Note to the reader: This is the twenty-third in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of...
READ MORE
MEMBERS ONLY
Failed Bearish Patterns are Bullish for S&P 500!
by David Keller,
President and Chief Strategist, Sierra Alpha Research
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Frank Cappelleri, CMT CFA of CappThesis. Frank shares how the bull market phase has been marked by confirmed and completed bullish patterns and failed breakdowns after bearish patterns. Meanwhile, Dave discusses the rising interest rate environment, what it...
READ MORE
MEMBERS ONLY
This MUST SEE MACD Pattern is a Game Changer
by Joe Rabil,
President, Rabil Stock Research
On this week's edition of Stock Talk with Joe Rabil, Joe shows a specific MACD pattern that, when it develops on the monthly chart, can give a great early warning sign. Joe gives several examples of this pattern during the lesson. He also shows two Scans that he...
READ MORE
MEMBERS ONLY
Market Analysis: Top Stock Picks and Sector Insights
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae
As we approach the highly anticipated results of India's general elections on Tuesday, June 4, market volatility is expected to be at its peak. Exit polls, scheduled for Saturday, June 1, will likely add to the market's uncertainty, causing significant fluctuations in the Nifty and BankNifty...
READ MORE
MEMBERS ONLY
Three Stock Ideas as S&P 500 Treads Water
by David Keller,
President and Chief Strategist, Sierra Alpha Research
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Tony Zhang of OptionsPlay. Tony shares three stock ideas showing favorable risk/reward characteristics as the S&P 500 index treads water above support at 5250. David describes the deteriorating market breadth conditions and reviews charts of...
READ MORE
MEMBERS ONLY
What Happens to GOOGL When This Negative Divergence Executes
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
In this video from StockCharts TV,Julius takes a look at the differences in rotation between cap-weighted and equal-weighted sectors and sees a warning signal for GOOGL. He also examines the Communications Sector vs. the Equal-Weighted ETF.
This video was originally broadcast on May 28, 2024. Click anywhere on the...
READ MORE
MEMBERS ONLY
EQUITIES REMAIN IN "GO" TREND WITH SPARSE LEADERSHIP FROM TECH AND UTILITIES
by Alex Cole,
Co-founder, GoNoGo Charts®
by Tyler Wood,
Co-founder, GoNoGo Charts®
KEY TAKEAWAYS
* Relative Strength
* Market Trend
* Narrow Breadth
Good morning and welcome to this week's Flight Path. We saw some weakness this week as price pulled back a little from all time highs. Momentum cooled, we saw this in the form of Go Countertrend Correction Icons (red arrows)...
READ MORE
MEMBERS ONLY
Here Are 4 Steps To Improve Your Trading Process and Results
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Let's jump right in. For me, everything starts at the TOP. I take a top-down approach to trading. And when I say "the TOP", I mean market direction.
Step 1: Is it a Bull or Bear Market?
Listen, this is a very easy step to me....
READ MORE