In this episode of StockCharts TV's Sector Spotlight, I go over the current status of asset class rotation, noting the ongoing strength for stocks vis-a-vis other asset classes. After that, he moves to sector rotation and uses the breakdown of the sector universe into offensive, defensive, and sensitive... READ MORE
Every quarterly earnings season, we hear the same thing on CNBC and other media outlets. "Earnings are going to be rough this quarter." Blah, blah, blah. After decades of technical, fundamental, and historical research, I've concluded that the games on Wall Street are designed to thoroughly... READ MORE
In the previous weekly technical outlook, it was mentioned that the markets have attempted a strong breakout which can be termed as a major one; this week, it showed some signs of tiredness while still managing to end the week on a positive note. The markets evidently showed some signs... READ MORE
The stock market pulled back last week amid news of mixed economic data, as well as the release of notes from the Federal Reserve's latest meeting. Thursday's report from ADP that corporate hiring surged in June was the most impactful report, as it sparked an uptick... READ MORE
KEY TAKEAWAYS * Bearish momentum divergences suggest exhaustion for buyers after a long bullish phase. * The 2021 market top was marked by a bearish momentum divergence for the S&P 500. * Bearish divergences between price and RSI indicate potential downside for leading growth stocks, including AMZN and LRCX. * The S&... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews pockets of strength amid last week's pullback that signal investor's bias heading into the second half of the year. She also shares key characteristics of successful base breakouts, as well as a rules-based... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson explores a unique new collection of 7 technical indicators designed to help you identify crucial support and resistance levels and more easily determine how far any security is trading from new highs or lows. You'... READ MORE
Sometimes, it's just that simple. The Economic Modern Familyhas had its share of rotation.By rotation this year, we mean that, while Semiconductors wowed, Regional Banks soured. We have looked to certain members of the Family to hold their lead and wait for the other members to catch... READ MORE
In this episode of StockCharts TV'sThe Final Bar, Dave wraps the week with a focus on a growing number of bearish momentum divergences, including on the S&P 500 index itself! He answers viewer questions on trailing stops, taking profits on strong performers, and running technical indicators... READ MORE
KEY TAKEAWAYS * The S&P 500 index is approaching its all-time highs * Investors will be closely watching big bank earnings and their impact on the broader market * Banking stocks could get a boost if banks report optimistic numbers On Thursday, the ADP jobs number came in much higher than... READ MORE
On this week's edition of Moxie Indicator Minutes, TG explains that while the market is still strong out there, we just have to be patient for the right opportunities. Many stocks are flagging before they leg up. It's a fishing kind of market; buy the lows... READ MORE
KEY TAKEAWAYS * US job numbers have stirred up worries about interest rates increasing, impacting the dollar and pushing down gold and silver prices * Despite the downturn, gold and silver are showing signs of a potential comeback, given their resilience at key price levels * The bull-bear battlefield can be seen in... READ MORE
ENERGY SECTOR LOOKS OVERSOLD... Energy stocks have been one of the year's weakest sectors. The daily bars in Chart 1 show the Energy SPDR (XLE) trading sideways since March and looking oversold. The XLE would need to clear its red 200-day average and falling trendline to signal a... READ MORE
Mish appeared on Yahoo Finance this morning with Brad Smith and Diane King Hall as a contributor/guest host. Topics covered: * Jobs Report * Yield Curve and the Fed * Tech and AI * Earnings Season * Inflation and impact on consumers * Technical indicators to assess next market direction * China * Mother Nature * Geopolitics and... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler take a top-down approach to analyzing the markets. As the temperature heats up, the duo look at the hottest assets, sectors and stocks. They finish by looking at multi-time frame analysis for Norwegian Cruise Lines (NCLH). This video was... READ MORE
In this episode of StockCharts TV'sThe Final Bar, guest Mary Ann Bartels of Sanctuary Wealth reinforces the strength of long-term secular trends contrasted with short-term deterioration for growth stocks. Meanwhile, Dave highlights one of the FAANG stocks prominently displaying the dreaded bearish momentum divergence! This video was originally... READ MORE
KEY TAKEAWAYS * LUV stock has broken a downward sloping trendline on the weekly chart * LUV's stock price has been gaining altitude rapidly since May * LUV could be a potential buy if the stock's price holds the 200-day moving average After a busy holiday travel weekend, it... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains how to go about finding wholesale opportunities. He defines what that means by explaining the difference between Good Weakness and Bad Weakness. In addition, he goes through the 4 keys to each timeframe to help us... READ MORE
The first thing I always look at are the technical conditions. For me, that's a very simple analysis of price/volume. Here's what that looks like right now on the S&P 500 and NASDAQ 100: S&P 500 ($SPX): During any uptrend, I... READ MORE
KEY TAKEAWAYS * After three quiet decades, Japanese stocks are making a comeback * The rise is powered by factors like improved company management, cheaper stock prices compared to the US, a weaker yen, and companies giving more money back to shareholders * The $64 price level is key for the MSCI Japan... READ MORE
We're about a week away from the start of Q2 earnings season, so now's the time to start doing your pre-earnings season homework. I'm not sure what that means to everyone else, but for me, it's all about evaluating relative strength. Which... READ MORE
In this episode of StockCharts TV'sThe Final Bar, Dave talks through potential red flags on two key growth stocks as the market uptrend pushes into the second half of the year. He answers viewer questions on tracking "smart money" behavior, navigating double top patterns and scanning... READ MORE
As the markets wake up from the holiday, they are anticipating, and worrying about, what the Fed's next move will be. In this week's edition of StockCharts TV'sHalftime, reflecting on a previous video, Pete points out that it's not what the Fed... READ MORE
There has been a notable shift in expectations concerning rate hikes going forward, as several Fed spokesmen have floated the idea of additional hikes later in the year. Rising interest rates are generally seen as a negative factor for stocks, as they increase borrowing costs for companies, lowering their profitability... READ MORE
One of the most interesting things about July in the market is the biannual reset of the 6-month calendar range. Above is a chart of the NASDAQ 100, with the January 6-month calendar range drawn in. (To clarify, it is the solid green line that goes perfectly horizontal across the... READ MORE
In this episode of StockCharts TV'sThe Final Bar, Part 2 of a two-part special examining the Top Ten Stocks to Watch in July 2023, Grayson Roze walks through #5-#1, including UBER, BLD, and more. This video was originally broadcast on July 4, 2023. Click on the above... READ MORE
The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued... READ MORE
In this episode of StockCharts TV'sThe Final Bar, Part 1 of a two-part special examining the Top Ten Stocks to Watch in July 2023, Dave covers #10-#6, including AAPL, FDX, and more. Stay tuned for Part 2 tomorrow, in which Grayson will follow up with #5-#1.... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I assess the monthly charts following the end of June. Bond-related asset classes remain vulnerable, while commodities are struggling to remain afloat. The stock/bond ratio is now sending a very clear signal. In US sectors, all eyes are on... READ MORE
Have you noticed how every roadblock the bears use against the bulls just quietly goes away over time? I just chuckle. There have been SO many bullish signals over the past year, but pessimists/bears don't give in easily and that's actually good for the stock... READ MORE
With last week's strong economic stats and inflation basically flatlined, many believe there will be a soft landing and no recession. However, there are stats saying that, with the yield curve so inverted (most since 1983), recession can and probably will still happen. Recession can take time to... READ MORE
After testing the prior top of 18887 multiple times during the last five sessions, the Indian equity markets finally attempted a long-awaited breakout by moving past this point and closing near the high point of the week. While the market breadth improved a bit, the volatility continued to remain near... READ MORE
Exactly how long is this raging bull market driven by mega-cap growth stocks supposed to last? I was taught that, when price trends higher over time, there would often be brief countertrend pullbacks along the way. Apple (AAPL) has completely ignored that market truismand managed to ride this unrelenting ascent... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen highlights bullish characteristics exhibited during last week's rally while also reviewing what drove price action. She also shares the anatomy of a downtrend reversal and how to buy stocks on a pullback. This video was originally... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson presents an inside look at the next generation of StockCharts with this exclusive "Technology Preview". We're hard at work on new charting features, powerful trading tools and exciting enhancements across the entire... READ MORE
KEY TAKEAWAYS * The Nasdaq 100 Index ($NDX) has outperformed the S&P 500, DJIA, and Nasdaq Composite * Momentum indicators can help identify a slowing down in equities * The difference between the 10 and 2-year Treasury spread is deeply inverted The first half of 2023 is ending on a positive... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows the criteria he is looking for when trading 2 timeframes. He covers the MA setup on both timeframes, price setup, and the preferred momentum conditions to this approach. This approach can be used in any 2... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler review rangebound charts across macro drivers such as yields (TNX), currency (UUP), and commodities (GLD, USO). Relative stability offers a low volatility backdrop for Equities to sustain the bullish Go trend conditions. Within the S&P 500, rotation... READ MORE
KEY TAKEAWAYS * Rotation continues in favor of growth * Large Cap Segments Generally Beating Value * Small-Cap Value Stocks Stand Out Growth, Value, Size It has been a while since I addressed the rotations of Growth vs. Value and their different size variations. The RRG above shows these rotations on the weekly... READ MORE
TRANSPORTS GAIN, UTILITIES LOSE... Chart 1 shows transportation stocks rising while utilities are falling. The significance of the chart is that it suggests that investors are turning more positive. That's because stronger transports suggest a stronger economy while falling utilities show that investors are turning less defensive. Airlines... READ MORE