Welcome to this week's Flight Path. Look at the GoNoGo Asset map below. Equities have turned! There's a "Go" bar at the end of the week that, as you'll see, also lines up with a new "Go" trend on the... READ MORE
The surprise OPEC+ production cuts last week had investors frantically positioning themselves in anticipation of the opportunities, risks, and opportunity risks surrounding crude oil exposure. What Just Happened? On Monday, OPEC+ announced it was reducing its output by 1.16 million barrels per day. The cuts are to begin in... READ MORE
In the last few Daily blogs, we have covered a lot, from the silver to gold ratio, to long bonds, to the Euro vs. the dollar. And that's not all! We have looked at the 23-month moving average and how that has been an incredibly reliable indicator to... READ MORE
April is Financial Literacy Month—a good excuse to bump up your financial knowledge so you can be better equipped to manage your personal finances. To support your financial journey, StockCharts is featuring several articles in April that focus on how you can take advantage of the educational tools that... READ MORE
Jesse Livermore is one of the most famous (and infamous) traders of all time. In his classic (written under a pen name) Reminiscences of a Stock Operator, he tells his story of how he became a successful trader. Livermore's focus on price and human nature made him a... READ MORE
Gosh, it's been a minute since we have looked at Utilities. With rising interest rates, in March 2023, utilities fell near the October 2022 lows. Currently, XLU is changing phases from Bearish to Recuperation. In my book, Plant Your Money Tree: A Guide to Growing Your Wealth,I... READ MORE
The first Tuesday of the month means monthly charts in this episode of StockCharts TV's Sector Spotlight. I start with an overview of long-term trends in asset classes, including a look at the USD and BTC and the relationship between stocks and bonds. I then move on to... READ MORE
On this week's edition of The DecisionPoint Trading Room, Erin presents a review of all of the sectors to find out where new momentum lies and where relative strength is -- you might be surprised. Carl gives us his take on the market, as well as the Dollar,... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete takes a look at the Q's and sectors this week. At the end of the quarter, we all know that tech has done well and, while the defensive side has tailed off, the quarter wasn'... READ MORE
Global equities have risen for the last three weeks and now are at or just below key chart points. Chart 1, for instance, shows that the S&P 500 index ($SPX) is close to breaking above resistance in the form of its 2022–23 down trendline. In reality, that... READ MORE
Since the first quarter ended with very few instruments above the 23-month, we thought we would start the 2nd quarter by examining where the 4 indices are. Over the weekend, the Market Outlookreminded us that "we would likely see a rangebound market, along with stagflation. With positive back-to-back quarterly... 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
The following was a special educational Daily Market Report that I sent to our EB.com members last week.... I always refer to EarningsBeats.com as a "Research, Guidance, and Education Platform", because that's truly what we strive to be. HERE IS WHAT WE ARE NOT... READ MORE
The markets had a positive weekly closing; despite the truncated week with just four trading sessions, the NIFTY registered decent gains. Over the past several sessions, the markets were unable to take any major directional calls; however, this week saw the markets rebounding from the lower edge of the trading... READ MORE
Last week, the S&P 500 put in a bottom following Wednesday's rally of 1.4% on volume, which was greater than the prior day. Known by followers of William O'Neil's work as a "follow-through day", the price action occurred on... READ MORE
With the first quarter of 2023 drawing to a close, what impresses me most about the equity markets are the improving breadth conditions. While the markets can move higher on strength from the MANAMANA stocks, sustained bull market phases usually need additional support from other stocks. One could argue that... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen highlights the new uptrend in the S&P 500 and which areas are now reversing downtrends. She also reviews themes taking place in already-strong Software stocks. This video was originally broadcast on March 31, 2023. Click on... READ MORE
There are times when technical merit alone can justify the case for a trade. The reason for this is that many traders often stick with a familiar list or category of stocks, and for obvious reasons: to avoid trading a stock that you know very little about or to check... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson kicks off a series of scanning-focused episodes by sharing two of his favorite ways to run and review your scan results. He demonstrates how the CandleGlance view for SharpCharts can help you quickly and easily narrow... READ MORE
Partial Look at the Models and Positions On Friday, I was part of the Festival of Learning, sponsored by Real Vision, to help new and experienced traders.The topics that came up were in line with what everyone who trades wants more insights on: * FOMO * Position Sizing * Risk Management * Entries... READ MORE
On the weekly RRG, the tail for XLY, Consumer Discretionary, is inside the improving quadrant and heading at an RRG-Heading of roughly 90 degrees. Not ideal; somewhere between 0-90 is stronger, as it indicates that the trend is still picking up speed, but not wrong either. With only two sectors... READ MORE
On this week's edition of Moxie Indicator Minutes, TG explains that, barring any crazy event, the SPX will close its second month over the Monthly 10-SMA. This moving average is his primary tool for assessing whether a longer-term trend is bullish or bearish. The SPY continues to hold... READ MORE
MAJOR STOCK INDEXES HAVE A STRONG WEEK...Although the stock market's long-term trend may still be in doubt, stocks are ending the quarter on a strong note. Starting with the weakest, Chart 1 shows the Dow Industrials ending the quarter back above its 200-day moving average and in... READ MORE
U.S. equities are wrapping up the first quarter in grand style. The QQQ, which tracks the NASDAQ 100, is zeroing in on a 20% gain for the quarter, as I write this. We saw a huge rally in January 2023 and strong Januarys usually suggest a strong year ahead.... READ MORE
After a bear market decline of nearly -50%, the Semiconductor ETF (SMH) has rallied over +60% out of the October low. The long-term picture still looks promising, with the weekly PMO rising steeply above the zero line. But let's look in a shorter-term timeframe to see if there... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler take a top-down approach to the technical market environment following the SVB collapse and the Fed's 25bps hike. They use a GoNoGo Cross Asset Heat Map to help understand the intermarket factors that could impact equity performance.... READ MORE
This is a follow-up to a piece published a week ago on Nvidia's (NVDA) strong runfollowing its stellar earnings report. It follows NVDA's price action, but from another angle, using the lesser-usedIchimoku Cloudindicator. Revisiting NVDA's Price Action NVDA began outperforming its fellow semiconductor industry... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains the best form of MACD divergence, showing how to use multiple timeframes to increase your odds of success with this powerful MACD setup. Using Monthly, Weekly and Daily timeframes, he covers the setup and why it... READ MORE
Well, it might be a little early to anoint Intel (INTC) a leader, but there's no denying a significant breakout in the chip stock above key price resistance. On November 15, 2022, INTC opened at 30.72, and the stock hasn't seen an open or close... READ MORE
We have written lots of Dailys, not to mention talked a lot in media, about the significance of the 23-month moving average. Here are some past comments: What has happened in the last 2 years? A bullish run in 2021 based on easy money. Inflation running hotter than most expected.... READ MORE
In this week's edition of Trading Simplified, Dave delves into why traders need patience, especially during less-than-ideal conditions. He discusses the fact that patience "gets used up" and why we must be vigilant not to give into temptations such as boredom, wants, needs, and other extraneous... READ MORE
A driver who goes with the flow of traffic and adjusts to traffic conditions usually gets places in good time and safely. Similarly, a good trader who trades in sync with price action is likelier to make better trades and preserve more capital. The key: Recognize price movement and take... READ MORE
Last week, I tweeted: I believe the #commodities prices in food softs $DBA have bottomed. $GLD-well those who know me-that I pointed out bottomed months ago. $SLV now outperforming. That tells you something. Maybe even #oil. Get ready for the Commodities Super Cycle. If you are not following me @marketminute... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete takes a look a sectors, then takes a deep dive into the historical bond picture, using TLT as an example. He focuses on using the Chaikin system to explore Bullish and Bearish estimate revisions as a cause of... READ MORE
In this episode of StockCharts TV's Sector Spotlight, for this last Tuesday of the month, I take a look at seasonality as the S&P 500 enters the (historically speaking) strongest month of the year. Two sectors are showing meaningful odds for out-performance in April, and one... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl starts off the trading room with a closer look at Regional Banks (KRE) and gives his opinion of not only the market, but the top ten capitalized stocks. Erin picks up with a discussion on how to find... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler take a top-down approach to the technical market environment following the SVB collapse and the Fed's 25bps hike. A GoNoGo Cross Asset Heat Map helps understand the intermarket factors that could impact equity performance. Treasury rates ($TNX)... READ MORE
Friday: Monday: Over the weekend, our Daily covered 3 key ratios to help decipher the market action and the prevailing macro theme for the economy. We started with the one between long bonds (TLT) and the S&P 500 (SPY). All last week, long bonds outperformed the SPY with... READ MORE
Ultimately, breaking out above the August 2022 high represents the key level to reverse the downtrend that began in early-January 2022. I like to use longer-term charts to determine whether we're currently trending higher or lower, and right now the downtrend is firmly in place: The numbers on... READ MORE
Remember the wall-to-wall coverage concerning the FTX crypto collapse? It's a great example of why conventional wisdom and groupthink are usually wrong. The prevailing hysteria had most traders brainwashed into expecting further crypto collapses and price drops. The simple fact is that, the market had been anticipating trouble... READ MORE