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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson shows you how to boost your charting workflow with the "Inspect" tool. These powerful little crosshairs pack a punch, with hidden features that let you measure in multiple directions, track price and percent changes... READ MORE
It was a truncated day for the markets; over the past four trading sessions, the Indian equities continued to edge higher and ended on a fresh lifetime high. The volatility, too, remained at elevated levels. As mentioned in the previous technical note, the markets are building up ahead of the... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the broader markets and the rotation that's taking place amid a rise in interest rates. She also takes a close look at NVDA and shares how you should handle the stock after last week'... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave answers viewer questions from The Final Bar Mailbag. He outlines the differences between the MACD, PPO, and PMO indicators, covers the mechanics of corporate buybacks, examines the basics of candlestick analysis, and discusses whether applying trendline analysis to the... READ MORE
KEY TAKEAWAYS * The stock market started out slow, sold off, and then recovered some of those losses to end the week on an optimistic note. * Market internals continue to be strong indicating that the stock market has a bullish bias. * Several stocks made new highs including NVDA, FSLR, and DELL.... READ MORE
KEY TAKEAWAYS * Defensive sector rotation remains a concern. * AMZN & TSLA are both strong, but XLY remains in relative downtrend. * Large Cap Growth is the only segment on a strong RRG-Heading. Concerns Remain My concerns about current market developments, which I voiced in last week's article, are still... READ MORE
KEY TAKEAWAYS * Consumer Staples stocks offer stability and growth in a high inflation environment. * Many consumer staples stocks have exceeded analyst price targets, revealing Wall Street's underestimation of their growth potential. * Sometimes the next big stock is often found in a seemingly boring name, as Sprouts Farmers Market... READ MORE
Dow Theory is based on the foundational work of Charles Dow, considered the "Father of Technical Analysis." Many of the tools we employ to better analyze market structure and investor sentiment, from trend analysis to index construction, are derived from Dow's original essays from the early... READ MORE
A couple of weeks ago, I wrote an upbeat article on the US stock market opining that the correction was over. I still think that's the case, but I do have to note that a bearish outside bar formed on both the S&P and NASDAQ on... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Jeff Huge, CMT of JWH Investment Partners. David reflects on NVDA's gap higher, quick deterioration in market breadth indicators, and bearish candle patterns for ON and HOOD. Jeff shares his downside target for the S&... READ MORE
It's rare when you see a multi-year breakout take place, but, when several materialize more or less at the same time, that should really get our attention. That's not simply because of the opportunities being presented, but also because several simultaneous breakouts indicate a broader participation... READ MORE