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I was recently interviewed. Here is the link: Traders of the World: Greg Morris (USA) - Episode 05 (youtube.com)... READ MORE
I was recently interviewed. Here is the link: Traders of the World: Greg Morris (USA) - Episode 05 (youtube.com)... READ MORE
"January provides us with a wealth of information that gets our year off to a good start, financially and emotionally. "The data is specifically chosen to begin in 2009 because that is the bottom of the most significant bear market prior to the 2022 bear market, and 2009... READ MORE
KEY TAKEAWAYS * Sprouts Farmers Market has been riding a relatively steady uptrend channel over the last year * More dominant on Main Street than Wall Street, its earnings have been yielded positive surprises almost every quarter since 2019 * Look for SFM stock to pull back to its 50-day SMA Most traders... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Mish Schneider of MarketGauge talks strength in small caps, leadership in retail, and the importance of watching junk bonds for risk-on conditions. Dave charts pullbacks in AAPL and NVDA, and shares two names pushing higher as value beats growth... READ MORE
KEY TAKEAWAYS * MRNA stock surges on the potential of widening its vaccine offerings * Moderna's stock price has crossed above its upper Bollinger Band and is showing technical strength * Look for MRNA's stock price to move above its 50-week moving average Last year's vaccine sales... READ MORE
Over the holiday, I thought a lot about predictions and how they are formed. The dictionary meaning of prediction is a statement about a future eventor data.Many of the predictions for 2024 that I have seen are made by what we assume are knowledgeable people in the financial fields.... READ MORE
Let's Get This Out of The Way Right Now For the last 18 years, I've had a love affair with my annual forecast report. Until I began writing this letter, it was the only thing I did. Many of you purchased it last year, and some... READ MORE
I'm sure most of you, by now, know that I'm a student of history. 2023 played out beautifully and mostly according to its historical road map. Here are a couple things in 2023, with respect to the S&P 500, that could have been predicted... READ MORE
The equity markets have ended the year on a very strong note. As the week comes to a close, we not only end the month, but also the year. On a monthly basis, the NIFTY has had a stellar run this December, having gained 1598 points (+7.94%). On a... READ MORE
S&P 500 TESTS OLD HIGH... A lot of attention is being paid to the S&P 500 which is in the process of testing its record high. That can be seen in Chart 1. In addition, its 14-day RSI line is in a very overbought condition. That... READ MORE
Happy New Year! Throughout 2024, I'll be commenting on various sectors, industry groups, and individual stocks that flash breakouts and relative strength, but what about stocks that are just beginning to strengthen? There are many individual stocks that set 52-week and all-time highs as we ended 2023, but... READ MORE
On this week's edition of Moxie Indicator Minutes, TG points out how broadly supported the market has been this time around, and how he's seeing excellent setups on the higher time frames. He walks us through some of the action that is making him look forward... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, join Mary Ellen as she as she dives into the latest news and trends that are driving price action in the markets. From housing updates to consumer confidence and inflationary data, she breaks it all down and shows you how... READ MORE
In this special all-Mailbag edition of StockCharts TV'sThe Final Bar, Dave answers viewers' burning questions, ranging from the effectiveness of short-term moves with the 5-day MA to deciphering the mysteries of the Russell 2000's growth or value positioning and much more! Click here to take... READ MORE
In this edition of the GoNoGo Charts show, as the S&P 500 continues trading at all-time highs on this final trading day of the year, Alex and Tyler take a look at GoNoGo Trend® conditions across asset classes, style boxes, and emerging markets indices. The conditions in the... READ MORE
KEY TAKEAWAYS * Money rotating away from large-cap stocks * Re-distribution and new inflow to mid- and small-caps * Majority of sectors show preference for equal weight ETFs over Cap-Weighted counterparts I have used this Relative Rotation Graph regularly in the past few weeks to indicate the ongoing rotation out of large-cap stocks... READ MORE
For the new year, we have given you an extensive 3-pronged look at the markets. First, we have the general outlook for the economy and markets through the Outlook 2024. This is the general outlook for 2024, including the recap of 2023 and how the predictions I made then played... READ MORE
KEY TAKEAWAYS * The stock market ended with a bang in 2023 in spite of inflationary fears * Small caps and emerging markets are breaking out of a trading range so look for value plays in these asset groups * Bitcoin has soared and the trend is likely to continue in 2024 The... READ MORE
When we discuss participation, we are referring to the more specific and accurate assessment of breadth available with the Golden Cross and Silver Cross Indexes. The venerable and widely-known Golden Cross is when the 50-day moving average of a price index crosses up through the 200-day moving average, which signals... READ MORE
KEY TAKEAWAYS * Intel stock is up over 90% in 2023 and could see further growth in 2024 * The stock crossed above its upper Bollinger Band and is now pulling back * Any signs of a reversal followed by price action that confirms the uptrend is resuming will be an ideal entry... READ MORE
According to Wikipedia, "Self-help or self-improvement is a self-directed improvement of oneself—economically, physically, intellectually, or emotionally—often with a substantial psychological basis." In the Outlook 2024, I quote Raymond Lo yet again, "The Dragon is considered a ‘Star of Arts.' The industries that will perform... READ MORE
KEY TAKEAWAYS * A drop in global demand contributed to FedEx's quarterly earnings miss which caused the stock price to fall * FedEx's stock price action reveals the critical price levels to watch for entry points * Set technical price alerts at key support and resistance levels to closely... READ MORE
One area I cover in the Outlook 2024 is the teachings of Raymond Lo and how he sees the upcoming Year of the Dragon. Part of my comments on his analysis is based on this statement by Lo: "Many has the misunderstanding that the Dragon is glamorous auspicious animal... READ MORE
In the previous technical note, it was categorically mentioned that, given the unabated upmove, the markets have risen near-vertically. This has caused the indices to deviate greatly from their mean, making them overextended and prone to violent profit-taking bouts. While weekly, the markets have just consolidated, but on the daily... READ MORE
The markets were handed a holiday gift today after the Commerce Department reported that underlying inflation pressures are continuing to slow down. This has left more income at the disposal of households with increased spending that will help the overall economy. News of declining inflation sets the stage for interest... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, join Mary Ellen as she as she dives into the latest news and trends that are driving price action in the markets. From housing updates to consumer confidence and inflationary data, she breaks it all down and shows you how... READ MORE
KEY TAKEAWAYS * 2023 was dominated by mega cap growth stocks, but the fourth quarter saw a potential change as other sectors experienced renewed vigor. * Three breadth indicators provided great clarity to the up and down cycles over the course of the year, as extreme readings tended to coincide with major... READ MORE
On this episode of StockCharts TV's Sector Spotlight, the last one of the year 2023, I assess current rotations in asset classes, as well as US sectors. This big picture calls for a continued/renewed strength for stocks over bonds. As I observe, money is rotating out of... READ MORE
KEY TAKEAWAYS * Cooling inflation data sends the S&P 500 higher, which is a good start to the Santa Claus rally * Investors should monitor small-cap stocks and bonds and consider adding them to investment portfolios * Volatility is low but investors should continue monitoring the VIX to identify changes in... READ MORE
In the fifth of a five-part special series on StockCharts TV'sThe Final Bar, Dave dives into the fascinating world of Bitcoin. Discover the incredible growth and performance of cryptocurrencies in 2023, surpassing even the stock market. Find out why Bitcoin's sudden breakouts and significant rallies make... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson we reveals a useful chart trick that will revolutionize your trading toolkit. Get ready to dive into the site, explore the tools, and walk through the features that will help you maximize the value of your... READ MORE
For last year's Outlook, I wrote: Perhaps our biggest callout for a major rally in 2023 is in gold. Here we are over $2000 and, although gold has not doubled in price, it did rise by 25%. For 2024, we stay with our call for higher gold prices.... READ MORE
KEY TAKEAWAYS * NAAIM Sentiment - No Leverage * AAII Sentiment Highly Bullish * Rydex Bull Assets Have Room to Move Higher (This is an excerpt from today's subscriber-only DP Alert.) We thought it might be a good idea to review sentiment today. It should be no surprise that investors are... READ MORE
In this edition of the GoNoGo Charts show, Tyler and Alex dive into the current trends and momentum in the markets, in order to help navigate through the ever-changing landscape of stocks, bonds, commodities, and the dollar. Is the recent pullback in the S&P 500 is just a... READ MORE
In the fourth of a five-part special series on StockCharts TV'sThe Final Bar, Dave discusses the top leadership trends of 2023. From the concept of narrow leadership to the rise of the Magnificent Seven, he explores the most important themes that shaped the year in this engaging episode.... READ MORE
A passage from the Outlook: SPY's all-time high was made in January 2022 at $479.98. For now, the chart looks clear. If SPY pushes over 460, we can expect more upside at least until we get near the ATHs. Should those levels clear, then we are in... READ MORE
KEY TAKEAWAYS * An earnings beat and strong guidance was enough to send shares of Micron Technology higher * Micron Technology hit a new 52-week high and the stock has room for more upside * Identify your entry and exit price targets to trade this stock Yesterday's stock market selloff was... READ MORE
Note to the reader: This is the third in a series of articles I'm publishing here taken from my book, "Investing with the Trend," in article form here on my blog. Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading... READ MORE
Coming into 2023, we used the theme, "You can't hunt with the hounds and run with the rabbit." Those who stood back with the hounds, in search of a sure hit, were not only left behind, but missed the move higher as the rabbit got the... READ MORE
In the third of a five-part special series on StockCharts TV'sThe Final Bar, Dave breaks down three market breadth indicators that tell the story of market conditions in 2023. By analyzing the S&P 500 Bullish Percent Index, the percentage of stocks above their 50-day moving average,... READ MORE