Earlier this week, I completed a "clean slate" exercise on the S&P 500 chart. You see, my charts become pretty busy over time, because I draw lots of trend lines and put notes on the charts as well. Basically, I consider charts to be the way... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson gives you a quick tour of the StockCharts Advanced Charting Platform, ACP, and then highlights five of his favorite interactive features throughout the platform. You'll learn how these dynamic controls can streamline your charting... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews buying opportunities after last week's break of the markets above its six-week trading range. She also highlights leadership areas and the best ways to capitalize. This video was originally broadcast on May 19, 2023. Click... READ MORE
Quite the difference two days will make! Positive news about the debt ceiling reveals what the market was waiting for. But even before that, many names have been quietly building strength. On this week's edition of Moxie Indicator Minutes, TG takes a look at what the higher time... READ MORE
Considering our bearish outlook, this week's rally has been hard to watch; however, the configuration of the Silver Cross Index* (SCI) continues to show how this rally may ultimately fail. On the chart below, we can see in 2022 the market fell off the all-time price high, initiating... READ MORE
We started out this year thinking that the economy stagnates, and inflation has a second wave or a super-cycle. At this point, with 5 months into the year, the recent economic stats still support that our economy is contracting. But those numbers are looking back not forward. Risk factors which... READ MORE
In honor of Asian American and Pacific Islander Heritage month, StockCharts spoke with a few individuals in the financial industry to hear about their challenges and experiences that have helped shape their careers in finance. Tony Zhang, Chief Strategist at OptionsPlay, started in the financial industry at a very young... READ MORE
BIG TECH STOCKS LEAD MARKET HIGHER... The largest stocks in the technology sector saw big gains during the week. That pushed the Invesco QQQ Trust to the highest level in more than a year as shown by the weekly bars in Chart 1. Technology and Communication Services SPDRS were the... READ MORE
Chartists can find leaders by ranking ETF performance in ATR multiples, and there is even an indicator for that. Normalized-ROC puts point performance in ATR multiples and we can compare these values against others. Current Normalized-ROC leaders include the Home Construction ETF (13.37), the Technology SPDR (6.40) and... READ MORE
This week I wrote a Daily on USO, the US Oil Fund. Plus, I did a video for CMC Markets on those 2 commodities plus on Dollar pairs with Yen, Euro, British Pound. I wrapped things up with a look at Lithium (another Daily this week) plus a look at... READ MORE
Fading an overextended market move is always tricky. Risky too. To go long on something you estimate is oversold, or to go short on an asset you think might be overbought, means capitalizing on a market sentiment misstep. And it takes guts to make a contrarian trade—you're... READ MORE
In the last couple of months, we have seen a number of analysts and commentators point out that the current rally has been led by a handful of large-cap tech stocks and is therefore suspect. That observation suggests this week's extension to the advance is doomed. It'... READ MORE
In this edition of the GoNoGo Charts show, drilling into the equity landscape, Alex & Tyler share a GoNoGo Sector Relmap to find the sectors outperforming the rising S&P500. Leadership is now squarely focused on growth equity sectors – XLK, XLY, XLC – information technology, consumer discretionary, and communications are... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how to use the 18- and 40-SMA lines to define the trend in multiple timeframes. He explains what defines a trend, no trend as well as a transitional phase. He uses MSFT and TSLA for his... READ MORE
Bitcoin bears currently hold a slight edge in the ongoing technical tug-of-war for prices. The 'OG' crypto is about to break below a two-month support level, leaving BTC bulls scouring the next series of local lows either to scoop up more of the crypto or to exit an... READ MORE
There has been a lot of talk recently about diversifying away from the dollar and it potentially losing its reserve status. The primary trend of the Dollar Index may be bearish, but the longer-term charts do not agree; they suggest that the dollar's death is greatly exaggerated. Let&... READ MORE
The four ratio indicators track key intermarket relationships which identify risk on/off market conditions. These indicators can be used together to confirm or identify the strength of the core risk on/off indicator, which is the S&P 500 v. Utilities. These charts come from our Big View... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with a recent Crypto trade where he's "free rolling." He also discusses how that's the secret to longer-term trading success. He then resumes his series on the wisdom of... READ MORE
The NYSE FANG+ index $NYFANG holds ten of the largest stocks in the US. 1. Alphabet - GOOGL 2. Snowflake - SNOW 3. META Platforms - META 4. NVIDIA Corp - NVDA 5. Amazon - AMZN 6. Microsoft - MSFT 7. Advanced Micro Devices - AMD 8. Apple - AAPL... READ MORE
Most associate lithium with EV usage. The largest holding in the Global X Lithium ETF (LIT) basket is Albemarle Corp. (ALB). The US-based company isn't purely a lithium business. It also produces chemicals related to petroleum refining and consumer electronics. Interestingly, Tesla (TSLA) is a holding in LIT... READ MORE
Amazon's stock price is starting to show some momentum. Will the stock break above its February high and ride to its next resistance level? Keep an eye on its SCTR score. If it stays above 70, this could be a nice ride. The StockCharts Technical Ranking (SCTR) scan... READ MORE
In this week's edition of StockCharts TV's Sector Spotlight, I take a look at developments on asset class level and more specifically, the USD and BTC. I then compare current cap-weighted sector rotation with its equal-weight equivalent to find some interesting differences. Finally, I re-introduce the... READ MORE
Over the weekend, Carl decided to put together the chart below. We often make comparisons between the SPY and its equal-weight sibling, RSP. By determining divergences between the two ETFs, we can see whether the mega-cap stocks are leading the charge or whether a rally is supported by the rest... READ MORE
In the dynamic world of market prices, timing is often everything. Knowing when to buy or sell is key to a successful trade. But how can you identify the opportune moment to make a move? One strategy many traders embrace involves focusing on stocks breaking their 52-week highs. This is... READ MORE
USO, the US Oil Fund ETF, invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. Essentially, the top 6 holdings are crude oil futures from May to August--which, like futures, will continue to roll out... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl begins the trading room by explaining negative divergences between the SPY and equal-weight RSP. He also covers why DecisionPoint uses the SPY and not the SPX; the reason is dividends, which he explains in detail later in the... READ MORE
Price Action Clearly, the most important aspect of the stock market is price action. That's where it all begins. Currently, I like the daily and weekly charts, but we do still have one very important price resistance level to clear: S&P 500 - Weekly: There are... READ MORE
VIX rose through the week, and so did the NIFTY. Over the past five sessions, the Indian equity markets continued to inch higher, showing a lot of resilience, and ended with a modest gain over the week. Over the past several weeks, the persistently low levels of VIX have remained... READ MORE
The markets remain in a tight trading range amid mixed inflation data and a slowdown in the number of earnings being reported last week. With the bulls looking for a soft landing as the Fed pauses their rate hike campaign, the bears are fearing a more harsh recession due to... READ MORE
In the last two weeks, I've heard this market described as "frustratingly neutral", "decidedly sideways", "stuck", and my personal favorite, the "sloppy choppy" phase. So how does the market breakout of this sideways period and move into a new bullish... READ MORE
Sister Semiconductors is a character and leading sector in the Economic Modern Family.We use the ETF SMH to represent her contribution to the market, family, and economy. The cartoon you see reflects some of her Wonder Woman-like superpowers as I created the image from AI. Yes, AI. Cool, huh?... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews ways to outperform during this tough market. In addition to sharing pockets of strength, she also highlights stocks in a position to trade higher after reporting strong earnings. Most importantly, she shares key resistance and support for... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson shows you three of the quickest, easiest, most effective ways to find strong stocks – and funds – in just a few simple clicks. Armed with the power of SCTRs – the StockCharts Technical Ranking system – you'll... READ MORE
On this week's edition of Moxie Indicator Minutes, I spoke about a turning point in the market. This week, not much has changed for the major indexes, but underneath the surface strength is not easily found. Money is hiding out in a handful of the biggest names, and... READ MORE
BAD BREADTH CONTINUES... Several recent messages have demonstrated poor stock market breadth. Unfortunately, that negative situation hasn't shown any improvement. One of the charts used to demonstrate that negative situation is repeated below. Chart 1 compares the S&P 500 Large Cap Index (black bars) to the... READ MORE
Chartists looking for momentum leaders should consider more than one timeframe. A stock may be leading over the last 200 days, but lagging over the last 100 days. Similarly, a stock could show big gains the last 100 days, but still be down over the last 200 days. Measuring performance... READ MORE
When inflation is a huge concern, you'd think the stock market would celebrate in a big way when inflation shows signs of cooling. Not so much. April consumer price index (CPI) and producer price index (PPI) data came close to estimates. Headline CPI rose 0.4% in April... READ MORE
Today, I am including a clip that covers currency pairs and several commodities. The four-chart screen is a daily screenshot of gold (GLD), sugar (continuous contract), the US dollar to the Euro (USDEUR) and platinum continuous contract (PLAT). Gold is falling from its recent highs. Sugar has run into some... READ MORE
Legendary investor Peter Lynch told the world to "own what you know" – meaning use the products and services of companies in the equity market. The Top-Down approach to market analysis yielded some interesting idea generation today. In this edition of the GoNoGo Charts show, using GoNoGo Charts on... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe discusses the 3 criteria he uses when evaluating a pullback trade to determine whether to buy. He shows how to evaluate the higher timeframe, then the lower timeframe for key criteria. If both are met, Joe explains... READ MORE