In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Adrian Zduńczyk, CMT of The ₿irb Nest. David recaps a busy earnings week, breaking down the charts of PTON, AAPL, and more. Adrian tracks the recent pullback for Bitcoin and why the long-term uptrend still remains the prevailing... READ MORE
Note to the reader: This is the nineteenth 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
KEY TAKEAWAYS * AMD stock plunged 7% after slightly topping Wall Street estimates * There are three crucial turnaround levels to closely close monitor * Momentum is key when deciding whether to go long, wait, or call off the trade Advanced Micro Devices (AMD) slightly topped Wall Street's earnings and guidance... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes guest Adam Turnquist, CMT of LPL Financial. Dave debriefs on today's Fed meeting market reaction, reviewing concerning technical developments for NVDA, AMD, SMCI, NCLH, and MAR. Adam relates short-term weakness in growth stocks to long-term strength... READ MORE
I last wrote about the dollar in December, where I came to the conclusion that a limited rally was a likely possibility in what was assumed to be a primary bull market. I am still of the view that the bull market is alive and well, but it's... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe breaks down the differences between buyers and sellers, and shows how the ADX/DI can be used in three different ways: The action phase, low ADX period and an expansion phase. Understanding this indicator will give you... READ MORE
All You Need to Know About Crude Oil and the Future Gold, black gold, is what Crude Oil has become. The entire world runs on energy. 98% of our cars and transportation, our lights, the device you are using to read this... virtually everything we can do is thanks to... READ MORE
KEY TAKEAWAYS * The SPDR S&P 500 ETF (SPY) dipped lower after hitting resistance of its 50-day moving average * There are three key turnaround levels to watch closely to determine if the pullback is over * Breadth indicators can identify when the buyers are back What's a trader... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Gina Martin Adams, CMT CFA of Bloomberg Intelligence. David highlights a spike higher in the VIX, and charts names for earnings including AMZN, AMD, SMCI, SBUX, MCD, PYPL, and ETN. Gina shows how rising interest rates continue to... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps the S&P 500's late inning rally to test the 50-day moving average from below. What levels could come into play with this week's Fed meeting on Wednesday? He also focuses on key... READ MORE
Today Carl puts the spotlight on the Magnificent 7 with a look at not only the daily charts, but also a review of the intermediate term using weekly charts. See where they are headed short-term and what are our expectations are in the intermediate term. Carl also gave us his... READ MORE
Good morning and welcome to this week's Flight Path. The equity "NoGo" trend continued this week even with some relief rallies as price attempted to move higher from the recent low. We see GoNoGo Trend painting weaker "NoGo" bars as the week ended. Treasury... READ MORE
The Volatility Index ($VIX) is one of my key sentiment indicators and it has a history of accurately predicting corrections and bear markets. We've had neither without the VIX first clearing an important hurdle in the 17-20 range. Bear markets require a huge dose of fear and panic... READ MORE
Over the past trading week, it was expected that, while technical pullbacks in the markets could get extended, NIFTY would likely remain under corrective pressure at higher levels. The past trading days witnessed this precise scenario. The markets initially extended their technical pullback and extended their upmove; however, at the... READ MORE
We've been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega-cap growth stocksbreaking through their 50-day moving averages, to even thedramatic increase in volatilityoften associated with major market tops. While Q1 was marked by broad market strength and plenty of new... READ MORE
KEY TAKEAWAYS * Defensive Sector Leadership * Risk Off Macro Environment * Opportunities in Electricity Utilities Companies Chart Above (XLU:SPY) highlights trending relative strength of Utilities Sector. Watch Video below for details: The S&P500 trend conditions have continued this week in "NoGo" conditions despite relief rallies. Alex Cole... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the key drivers for this week's volatile period, including Core PCE and GDP numbers. She takes a look at where the S&P 500 and NASDAQ closed for the week and whether it'... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave answers viewer questions on spotting downturns in daily vs. weekly charts, using the Relative Rotation Graphs (RRG) to identify actionable ideas, and comparing the NYSE Composite Index ($NYA) to the S&P 500 Index ($SPX). He also shares... READ MORE
KEY TAKEAWAYS * The Nasdaq Composite is trading above its last swing high, which could a the first sign of a reversal to the upside * The S&P 500 is up against resistance from its 50-day moving average and a downward sloping trendline * The Dow Jones Industrial Average has reversed... READ MORE
KEY TAKEAWAYS * Alphabet shocked Wall Street on Thursday when it reported earnings, its first dividend, and a $70-billion buyback * The stock gapped up 16%, its biggest since 2015 * Alphabet's technical "undervaluation" and quirks signaled the go-ahead to go long Using technical indicators to identify stocks fundamentally... READ MORE
Whenever we see price gapping up or down, as happened with META in February, we prepare for the possibility of an island reversal. After the gap up, price forms a cluster, the island, and we ponder the possibility of a gap down to complete the reversal. During the formation of... READ MORE
KEY TAKEAWAYS * SPY is trading within a downward channel in the daily chart and has equal odds of breaking out in either direction * The weekly chart shows the uptrend is still in play and SPY is going through a healthy correction * Analyze different index and sector exchange-traded funds to identify... READ MORE
Note to the reader: This is the eighteenth 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
KEY TAKEAWAYS * Value stocks are taking over the lead from Growth * When Value beats Growth, the S&P 500 usually does not do too well * The strength of Value is surfacing across all size segments of the market * Important support areas for SPY at 480 and 460 Value Taking... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Ryan Redfern, ChFC CMT of Shadowridge Asset Management. David highlights companies reporting earnings this week, including TSLA, V, ENPH, STLD, STX, ODLF, and GD. Ryan shares key levels to watch on the S&P 500, along with... READ MORE
KEY TAKEAWAYS * TSLA has been riding a long and volatile downtrend since 2021 * Tuesday's earnings were dismal, yet the stock jumped 16% after an announcement about near-term EV production * The big question is if the gap up in TSLA's stock price has any substance or if... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe uses the MACD to analyze SPY and shares what to look for to find the next buy point. Joe then analyzes stocks including ADBE, XOM, and CRM. This video was originally published on April 24, 2024. Click... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Bret Kenwell of eToro. Bret shares the levels he's watching for AAPL and AMD, speaks to this week's bounce higher, and points out why Energy still shows long-term strength. David breaks down earnings names... READ MORE
Back in early February, I wrote an article entitled "Only a Fool Would Try to Call a Correction in a Bull Market, So Here Goes". In it, I was trying to point out that counter-cyclical corrections are notably difficult to identify, as they often terminate just at the... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave examines names making moves in the market like Tesla (TSLA), Verizon (VZ), and Nucor (NUE). Explore the world of equity benchmarks and learn how large caps, mid caps, and small caps can offer unique opportunities based on sector rotation... READ MORE
Today Erin shared her Diamond Dog Scan that she uses to find shorting opportunities. She was able to uncover five possible shorts. She discusses each chart and let's you know what she looks for in a good short. Carl did the market overview with special attention paid to... READ MORE
Good morning and welcome to this week's Flight Path. The equity "Go" trend is over. We saw a pink "NoGo" bar following an amber "Go Fish" bar of uncertainty and then that was followed by strong purple bars as the week continued.... READ MORE
In the truncated week, the markets looked largely corrective, as the key indices lost ground during the week. In the previous technical note, it was mentioned that, on the one hand, no runaway moves should be expected, and on the other hand, the support for Nifty exists much below at... READ MORE
KEY TAKEAWAYS * Primary moves define the long-term trend * Secondary moves are corrections within bigger uptrends * Corrections provide opportunities to partake in the bigger uptrend The S&P 500 is down 5.5% this month and volatility is rearing its ugly head. This is a good time to get some... READ MORE
KEY TAKEAWAYS * Early breakdowns from AAPL and TSLA provided initial warnings of a late stage bull market. * Exponential gains in stocks like SMCI and MSTR have now turned into steep pullbacks with both stocks breaking below moving average support. * With AMZN and NFLX finishing the week below their 50-day moving... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the negative shift that's evolved over the past week in the market and highlights key signals of capitulation you should be watching for. She then shares the move into Value stocks she's seeing... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson shows you how to chart the same symbol in multiple timeframes with ease using ChartStyles and StyleButtons. Learn how to customize multiple charts with the periods and ranges that fit with your system and then set... READ MORE
KEY TAKEAWAYS * The possibility of only one interest rate cut and escalation of geopolitical tensions increases uncertainty levels for investors * The 100-day simple moving average could be the S&P 500's next support level * Massive selloff in Tech stocks sends the Nasdaq Composite below its 100-day moving... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave and Grayson run through top 10 charts to watch in April 2024! Together they cover breakout strategies, moving average techniques, relative strength, and much more. You don't want to miss these insights into market dynamics and chart... READ MORE
Netflix (NFLX) earnings were released today, and the news was good. . . except for one little thing. They also suspiciously announced that, starting next year, they would no longer be reporting subscriber metrics. That's like General Motors saying that they will no longer report how many cars and trucks... READ MORE