KEY TAKEAWAYS * Bitcoin closes above 42,000, a 20-month high * Small caps also closed higher and are now in an uptrend * Watch how seasonal patterns play out in December as it can be an indication of what to expect in 2024 The stock market seems to be pulling back... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl discusses his recent epiphany regarding data derived from major indexes. Bad data will lead to bad analysis, so it's important to understand this concept for analyzing major indexes. He and Erin discuss the implications of Magnificent... READ MORE
Well, we're into the final month of 2023. Are we having fun yet? I'd argue that the bulls are having a blast, with many stocks surging year-to-date. I love all the attention that the "Magnificent 7" are attracting. Stock market skeptics are... READ MORE
Following a strong consolidation in the week before this one, the markets finally staged a decisive rally over the past four sessions of the truncated week. The benchmark index NIFTY50 surged in all four sessions; it went on to move past the previous lifetime high of 20222.45 and managed... READ MORE
KEY TAKEAWAYS * The S&P 500 index closed at its 2023 high * The Dow Jones Industrial Average hits a new 52-week high * The S&P 600 Small Cap Index led the rally with a 2.89% gain The stock market is off to a great start on... READ MORE
KEY TAKEAWAYS * The recent upside gap around $380 was a key moment for the QQQ, but if leading growth stocks continue to drop, this level may come into question. * While a new all-time high for the Nasdaq 100 is a possibility over the next six to eight weeks, the... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the outperformance that took place amid a declining rate environment, while also highlighting price action in Tech, which trended sideways last week. She also reviews Dow stocks that just entered a new uptrend as the Index hits... READ MORE
In this week's edition of Moxie Indicator Minutes, TG notes that the market is finally letting some steam out which is what we want since we need this to present fresher opportunities for us to buy. TG presents some great examples of how to use and read the... READ MORE
I'm not an investment arsonist! I won't try to convince you that stock market perfection is achievable. I will, however, guarantee (strong word) that if you put in the effort, the results will be as Vince Lombardi often claimed: "Perfection is not attainable, but if... READ MORE
Last week, in my Weekly Market Report to EarningsBeats.com members, I pointed out the upcoming bullish history of the small cap Russell 2000 Index (IWM tracks this index). Most probably have no clue why small caps outperformed by such a wide margin this week. But history saw it coming... READ MORE
While December 1st brought out the bulls in nearly EVERYTHING, one area caught our attention. In December 2019, I saw a similar chart showing an unsustainable ratio between equities and commodities, which started me on the notion that something had to give. Now that I see this chart, with emerging... READ MORE
Snap Inc.'s stock (SNAP) price exceeded its upper Bollinger Band. But what does this mean for the stock's price move? To start, a move above a Bollinger Band isn't necessarily a signal to buy. It's more of an indication of strength, and... READ MORE
Despite the total cuts by all countries added at the November 30th OPEC+ meeting, oil sold off, testing key support. Countries like Angola have threatened not to stick to the new quota, promising to produce above target. Meanwhile, Brazil confirmed it will join OPEC+. That means that some of the... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe presents 5 specific candlestick patterns and how to use them. He explains how the location of these candles have an impact on their importance, and also discusses how a higher timeframe candle can help with trades on... READ MORE
Santa Comes to Wall Street Maybe St. Nick gets into the eggnog before he visits Wall Street each year, because the trading pattern has been a step up, then a stumble down before recovering at the end of the year. I first noticed this Up-Down-Up pattern back in... READ MORE
SECTOR SPDRS IN UPTRENDS... The number of sectors in rally mode has broadened out which is a positive sign for stocks. You may recall concerns in recent months that the market rally was too concentrated in large growth stocks and lacked market breadth. That's no longer the case.... READ MORE
KEY TAKEAWAYS * MSFT stock price surges past its 52-week high but. pulls back, closing just shy of $379 * Investors should watch for dips and resistance-turned-support levels for long entries * Microsoft's massive investment in OpenAI could help push the stock price higher While Microsoft's... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Jeff Hirsch of theStock Trader's Almanacshares the suggested seasonal pattern for 2024 and breaks down how previous election years have played out. Host David Keller, CMT highlights a breakout in gold miners, regional banks breaking above their... READ MORE
In the final edition of Trading Simplified, Dave shows his methodology in action by sharing two positions that he continues to hold, even though they were "dead money" most of the time, and why he applied discretion to stick with a losing position to possibly avoid a loss.... READ MORE
As Pete has said several times on theHalftimeshow before, the Fed will likely cut rates when the unemployment rate ticks higher. Year-to-date the unemployment rate is up 14% from its lows in January and even Christopher Waller, an economist and member of the Fed Board of Governors, mentioned... READ MORE
A lot of the time, I write articles that focus on markets or technical situations that should be monitored for a potential turn. This one is no different, except to say that these markets are not close to breakout points, but right at them. In short, it's fish-... READ MORE
On Monday, after the close, some warning signs from our risk gauges popped up. These are especially interesting given the number of bulls and the amount of money coming into the market. Technically, we still have the resistance that has not cleared in small caps, retail, or transportation. And this... READ MORE
KEY TAKEAWAYS * Coinbase stock has broken above its trading range * The stock ranked in top position in the SCTR ranking for large-cap stocks * The stock may be overbought and due for a pullback The cryptocurrency space has had its share of challenges, but Coinbase (COIN) looks like it may... READ MORE
It's the end of the month, which means it's time for me to take a look at the seasonal behavior for the S&P 500 and its sectors on this episode of StockCharts TV's Sector Spotlight. Is there is any alignment between historical... READ MORE
Over the weekend, I covered small caps, retail, semiconductors and transportation. The conclusion was that "If you put these four charts all together, we get a reunion that is filled with the makings of a family breakdown. While Granny XRT and Sister Semiconductors SMH give us investors reasons to... READ MORE
In this week's edition of The DecisionPoint Trading Room, Erin flies solo today and gives everyone a refresher course on how to expertly time your entries and exits for trades, using the 5-minute candlestick chart. She covers the market in general, followed by analysis of sectors of... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave devotes the show to the Mailbag. He answers viewer questions about the impact of the US Dollar on the stock market, why he uses the S&P 500 ETF rather than the S&P Index for relative... READ MORE
A recent article on the Business Insider site reported a set of Death Cross/Golden Cross signals on the Dow Jones Industrial Average ($INDU). Specifically, on November 13, the 50-day moving average crossed down through the 200-day moving average, commonly called a Death Cross. Two days later, the... READ MORE
The equity markets consolidated throughout the week. Although they stayed within a narrow range and traded sideways for almost all days of the week, the Indices were devoid of any directional trend. Following strong weekly gains of over 1.58% in the week before, the NIFTY chose to remain in... READ MORE
We can use sentiment indicators for a lot of purposes. I routinely follow the 5-day SMA of the equity only put call ratio ($CPCE) to help spot short- to intermediate-term bottoms. It's not quite so effective at calling market tops, but it does work in that... READ MORE
The percentage of stocks in long-term uptrends rebounded sharply in November and returned to the highs from late August and early September. This rebound is impressive, but the absolute levels are still not that inspiring. We need to see participation breakouts and higher participation levels to get the broad... READ MORE
In this week's edition of Moxie Indicator Minutes, TG notes that the markets are deciding to hang on tight to their upper levels over the holiday week. He thinks we still need a pullback, but perhaps it will be more of a flag. Either way, initiating long trades... READ MORE
KEY TAKEAWAYS * DJ Industrials closing in on overhead resistance * Weekly RRG showing some strong opposite rotations * Identifying two potential pair trading setups (MSFT-MRK & NKE-CAT) The Dow Jones Industrial Index ($INDU) is reaching overhead resistance between 35.5k and 35.7k, which means that upside potential is now... READ MORE
I know we're in the midst of a powerful rally that began EXACTLY when seasonality suggested it would - at the close on October 27th. I discussed the very bearish seasonality leading up to that October 27th close in my article, "Odds Favor Further Selling This Week (Maybe... READ MORE
In the 1995 film, Home for the Holidays, family reunions are explored using both drama and comedy. The film illustrates how we outsiders looking in never really know the love and the madness that goes on inside any one family's home during Thanksgiving. Happily, our Economic Modern Family... READ MORE
We spend a lot of time analyzing sector rotation, but there are also other relationships that can offer useful insights to internal market dynamics. One aspect of this is the relationship between market averages. NASDAQ vs. the DJIA As an example, Chart 1 plots the relationship between the NASDAQ Composite... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave reviews the latest market breadth indicators, some of which are indicating a likely pullback from resistance around the 4600 level for the S&P 500. He also focuses on stocks with actionable patterns including GOOGL, NFLX, SPOT, NVDA,... READ MORE
KEY TAKEAWAYS * Stock market breadth is widening which is an indication that market internals are strong * Falling treasury yields suggest that inflation expectations are declining * Investors are more complacent than in October which is bullish for equities Stocks are having a good November, which aligns with typical stock market behavior.... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Mary Ann Bartels of Sanctuary Wealth describes how falling interest rates could pave the way for another leadership by mega-cap growth stocks, including semiconductors. Host David Keller, CMT breaks down two market breadth indicators to watch into December... READ MORE
KEY TAKEAWAYS * Gap's earnings expectations, caused the stock price to gap up by more than 30% * Despite the gains, both the RSI and volume suggest Gap's stock may be overbought and losing momentum * The stock was filtered in the Strong Volume Gainers scan which you can... READ MORE