KEY TAKEAWAYS * Institutional interest signals end of crypto winter * Technical indicators show strong bullish momentum in Bitcoin, but also suggest a potential near-term pullback * Bitcoin is a speculative trade driven largely by sentiment in absence of real fundamentals Bitcoin has been on a strong but volatile uptrend over the last... READ MORE
On June 12th, Goldman Sachs (GS) came out stating how bearish they are on oil. I wrote a Daily about it on June 20th. It's not uncommon for me to stick my neck out and go against the big analysts. Heck, I have made a career out of... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with another "free roll," a "so long and thanks for all the fish" trade, a new mystery chart, and a not "dead money" trade. He also presents a trade... READ MORE
The ellipses in Chart 1 reflect economic events that have adversely affected the stock market since the 1950s. The pink ones reflect recessions, and those colored in blue indicate setbacks that anticipated economic slowdowns. Slowdowns develop when some economic sectors slip into recession, but that weakness is insufficient to push... READ MORE
KEY TAKEAWAYS * Lululemon stock could move higher in sync with the Consumer Discretionary sector * LULU is trending higher above its 200-week moving average * LULU could find support at its 50-day simple moving average before moving higher Athleisure wear became trendy during the pandemic—what's not to like about... READ MORE
An interesting article based on cycles and commodities versus stocks suggests that over the past 90 years, stocks have outperformed commodities by 4 to 1. Within those 90 years, though, there are times that commodities outperform stocks, generally for about 15 years. The author believes that we will see such... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl begins by discussing the downside exhaustion climax that occurred on Friday. He goes through DecisionPoint indicators and covers the major markets, as well as Crude Oil, Bitcoin and a discussion on the Dollar and Gold. Erin finds new... READ MORE
What we know for sure, is that the demand side of the U.S. Economy, as seen through the lens of the transportation sector, is holding up. IYT, shown AI-generated in the image above, is the ETF for things that move and carry people and cargo via ships, planes, freight,... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I look ahead to the month of July and what we can expect based on 20 years of seasonal performance. I then align that information with the current rotations for the various sectors in order to find interesting opportunities on... READ MORE
After a strong performance in the week before this one, the markets chose to take a breather. The NIFTY went within the kissing distance of the all-time high level of 18887 and saw corrective pressures at that point. The markets kept on testing these crucial levels multiple times while the... READ MORE
The markets pulled back this week amid global recession fears that followed the Bank of England's interest rate hike. Most concerning to investors was that the ½% increase came on the heels of an elevated U.K. inflation report for May. Thoughts that the U.S. may get stuck... READ MORE
Recently, we've focused on the overextended nature of the small group of mega-cap leadership names in 2023, and even identified threekey charts to watch for a pullback in the technology sector.This week, we observed further deterioration in breadth indicators, with the cumulative advance-decline lines for all cap... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen shares important levels to watch as the markets pull back amid interest rate hike fears. She also highlights how to tell if your stock is pulling back or poised for further downside. The move into Crypto is also... READ MORE
Once a month, I do a coaching session for our members of the Complete Trader, a MarketGauge comprehensive product for the discretionary trader. During the 45-minute session, I cover EVERYTHING! 1. The Economic Modern Family 2. The Indices 3. The Big View Risk Gauges 4. The Bonds 5. The Metals... READ MORE
It does not always happen, but sometimes the indicator and chart signals align to send a powerful message. Datadog (DDOG) sports a confirmed bullish reversal on the price chart and a trend signal from the Trend Composite. Today's article will review these signals and highlight a developing short-term... READ MORE
It was a great day to sit down and talk to Dale Pinkert of FACE Live Market Analysis & Interviews.And we covered a lot of ground. 1. BoE interest rate cut. 2. Inflation, Recession, or Stagflation? 3. Commodities -- grains, metals, industrial metals. 4. The "inside" sector... READ MORE
When the direction of the primary trend changes, it's usually because the business cycle is transitioning from a slowdown or recession to a recovery. That process usually results in a change in sector rotation, as defensive ones, such as utilities and consumer staples, come to the fore and... READ MORE
When the stock market trends higher, it doesn't necessarily mean all stocks are moving higher. This is why it's necessary to have a method to filter through the day's market action and select stocks or securities to trade that have the potential for a... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how to build a case that can increase your odds of a winning trade. By using multiple timeframes and making sure a stock meets key criteria, you can improve your odds. Joe discusses an example and... READ MORE
The May Housing Starts and Permits released this past Tuesday was quite eye-popping, despite riding the back of a disappointing market drop in the Dow, S&P, and Nasdaq. How so? If you think about it, mortgage rates are averaging a painful 7%+. And still demand for homes rebounded,... READ MORE
On Wednesday, we began to see a separation between what Chairman of the Fed Powell said on fighting inflation and the inflation indicators themselves. Food commodities, particularly grains, soared. Weather is the dominant factor as we head into the summer season. Happy June equinox. Oil rallied, and we hope you... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with a "free rolling" big winner, a potential winner in the making, and a new mystery chart. He then continues his series on the wisdom of Jesse Livermore, examining the "big pull&... READ MORE
On June 12th, Goldman Sachs (GS) came out with this: Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from sanctioned countries, including Russia. What the big institutional analysts have done this year is get pretty much... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I take a look at Asset Class rotations, highlighting the current strength of US stocks in comparison to Bonds. In the Sector Rotation segment, I address the differences between cap-weighted and equal-weighted sectors and find some interesting stocks inside the... READ MORE
I've always been impressed by the strong correlation between the U.S. and German stock markets. Sometimes the strength in one of these markets can help to influence the direction of the other. Let me show you a long-term chart of the S&P 500 ($SPX) and... READ MORE
Focusing on the Economic Modern Family, the weekly charts will help us see who is doing what, why, and perhaps help us understand for how long. Granddad and Grandma Russell and Retail are the matriarch and patriarch of the Family. IWM cleared the 50- and 200-week moving averages and is... READ MORE
Wow, things have changed. I looked at some charts that I had produced a year ago and looked at those same charts today. You'd never know it was the same stock market. Let's start with the S&P 500 and NASDAQ 100 (SPY and QQQ,... READ MORE
In what can be called a fairly buoyant week of trade, NIFTY moved towards its previous high point and closed at its lifetime high. The financials, though, represented by BankNifty (Nifty Bank) relatively underperformed, as the BankNifty Index closed on a flat note. The trading range for the markets remained... READ MORE
The weight of the evidence remains bullish for stocks, but this is not a bull market that lifts all boats. It is a relatively selective bull market led by technology, housing and a few other groups. This is not necessarily bad. It is, however, important to separate the leaders from... READ MORE
As a trend follower, I'm bullish. I can't deny that the trend is positive on all three time frames using my Market Trend Model. So any bear case at this point has to be based on a market being so overextended that it is ripe for... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the health of the broader market, while also highlighting breakout stocks among a new area and why they're trending higher. She also looks into the effects of the continued move into cyclical stocks. This video... READ MORE
On this week's edition of Moxie Indicator Minutes, TG explains how the market has been on a wild ride -- and it's not just 5 names anymore. While this means great things for the overall health of the market, its getting a little overdone at this... READ MORE
Near-Term Rotations The Relative Rotation Graph above shows the stock rotation inside the NYFANG index. Semiconductor stocks AMD and NVDA have been the leaders over the past weeks/months, but they are now rolling over into weakening and heading toward the lagging quadrant. TSLA and NFLX are still inside the... READ MORE
MORE BROADENING OUT...Various measure of market breadth continue to improve. That includes the number of stocks moving back above their moving average lines. Chart 1 shows the Percent of S&P 500 stocks trading above their 200-day averages rising to the highest level in four months. As a... READ MORE
A Silver Cross is when a stock's 20-day EMA crosses above the 50-day EMA, and that event rates the stock to be bullish in the intermediate term. DecisionPoint's Silver Cross Index (SCI) expresses the percentage of stocks in the index that have a Silver Cross. We... READ MORE
Maybe you were expecting the dollar to fall a bit more dramatically (and for gold to rise) when,after the FOMC meeting yesterday, the Federal Reserve announced that it was holding interest rates steady for the first time after 10 consecutive hikes. But the bearish response was a bit lackluster.... READ MORE
Those who read our Daily and follow us on the media know that we talk a lot about risk gauges. The big focus for me personally is the relationship between the S&P 500 and the long bonds. The other 2 I watch are the relationships between junk and... READ MORE
Teaching an old dog new tricks means that the tricks might be new, but the notion of doing tricks is familiar. Case in point-currencies and trading currency futures. We have traded ETFs UUP and FXE (dollar and Euro) in the past. And, I have been vocal through the years on... READ MORE
With CPI data coming in as expected and a cooler PPI, it's clear that inflation is heading in the right direction, with the exception of a few areas such as housing. Overall, the data seal an interest rate pause from the Federal Reserve. After 10 consecutive rate hikes,... READ MORE
What we heard from the Fed and FOMC on Wednesday: 1. Unanimous 2. Holding rates allows FOMC to assess additional data 3. Tighter credit likely to weigh on activity 4. 2023 unemployment seen at 4.1% vs. 4.5% 5. Median rate forecasts rise to 5.6% end-`23, 4.... READ MORE