KEY TAKEAWAYS * Like a swiss army knife, the Ichimoku Kinko Hyo is a multi-purpose indicator that can be used to shape your trading setups and decisions * The Chikou Span, with its 26-day look-back, can be used to confirm market sentiment and identify potential trend reversals * Even as... READ MORE
RISING OIL PRICES HURT TRANSPORTS... Transportation stocks are one of the groups most sensitive to the direction of energy prices. That makes sense since fuel is so important to their bottom line. And not surprisingly, they've been one of the market's weakest groups over the last... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave sits down with Ralph Acampora, CMT, co-founder of the CMT Association, for a memorable conversation on all things technical analysis. They review lessons learned from the October 2022 market low, words of wisdom for traders new to technical... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler present trend analysis across the asset classes, sectors, and individual securities. The continued strong "Go" conditions in the US Dollar index (UUP) and US Treasury rates ($TNX) on both the daily and weekly timeframes highlights some headwinds... READ MORE
Many of the forecasts I hear regarding bonds seem to be based upon what bonds have done for most of the last 40 years, without acknowledging what has happened more recently. The chart below shows that 30-Year T-Bonds were in a rising trend from the 1982 low, but,... READ MORE
The overall market has been rallying since registering its low last October. However, there is one sector which, in August, fell below its October low on a monthly closing basis. More serious is the fact that it recently violated a 23-year secular up trendline. Can you guess which sector... READ MORE
The Russell 2000 ETF (IWM) closed below the 200-day SMA for the first time since, well, June 1st. The last cross was not that long ago and recent crosses simply resulted in whipsaws. Truth be told, 200-day SMA crosses are not that relevant for IWM. The chart below... READ MORE
I doubt any of our readers are too surprised by the CPI reading coming in a bit hotter than expected. The bulk of it was in energy costs. Food costs were, mixed with bread and meat, up, while eggs and milk were down. Services inflation was up slightly, while shelter... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Julius de Kempenaer of RRG Research shows how his market visualizations still show stocks over bonds and offense over defense. Host David Keller, CMT highlights one industry sector breaking down due to higher crude oil prices. This video originally... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete reviews 6 ETFs that are in different stages of trends. Two in the banking sector are in downtrends that are undeniable: KRE and KBE. This review ties in the recent commentary from Jamie Dimon, the CEO of JP... READ MORE
In June, we wrote about the bottom in oil and cannabis through USO and MSOS (ETFs) respectively. In July, we wrote about the potential top in NASDAQ and SPY. In August, we wrote about the importance of the retail sector; XRT is below the July calendar range and a major... READ MORE
KEY TAKEAWAYS * XLK "Bearish Shifts" Move IT and LT Bias to BEARISH * XLK PMO Nearing Crossover SELL Signal In Monday's DecisionPoint Trading Room we discussed that Technology (XLK) was the last one standing on our Bias Scoreboard with a Bullish Bias in both the intermediate term... READ MORE
In this edition of StockCharts TV'sThe Final Bar, David Cox, CFA CMT of Raymond James reviews underperformance for defensive sectors like Utilities and describes why commodities should be an area of focus for investors. Host David Keller, CMT reviews today's drop in ORCL and AAPL as... READ MORE
We investors are frequently guilty of hearing only what we want to hear. The justification often being "that doesn't apply to me." Or my other favorite line, "Oh, I don't do that." In my previous blog — a tribute to William J. O&... READ MORE
Larry is going LIVE! Don't miss the upcoming "Family Gathering" webinar with Larry Williams, airing live through Zoom this Thursday, September 14th at 3:00pm EDT. In this must-see event, Larry will be presenting his current opinions on a broad variety of current market topics,... READ MORE
KEY TAKEAWAYS * Chesapeake Energy stock has been trending higher since June 2023 * Chesapeake Energy stock has room for upside growth * CHK could benefit from the rise in crude oil prices In addition to analyzing the stock market's overall performance, running scans when the market opens and after it... READ MORE
The S&P 500 SPDR bounced the last three weeks, but we did not see an improvement in breadth. Weak breadth is also reflected in performance for mid-caps and small-caps, which are lagging. Even so, SPY and QQQ are in short-term uptrends and I am watching... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl reviews the markets and shares the new DecisionPoint BIAS assessment list. Erin concentrates on Technology (XLK) and Utilities (XLU). Technology is only sector holding a bullish bias in the intermediate and long terms, will that hold up? Utilities... READ MORE
KEY TAKEAWAYS * Three Sectors Are Ready to Rotate Back Towards the Leading Quadrant * Technology, Discretionary, and Communication Services Together Are Almost Half Of Total Market Cap * Daily Tails for these sectors are supporting the looming positive rotation for their weekly counterparts First of all, for those who are awaiting a... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps a big up day for TSLA and bearish engulfing pattern for energy stocks. He answers viewer questions on growth stocks during rising rate environment and shares two scans to identify potential opportunities during corrective periods. This video originally... READ MORE
Every week, I am invited on Business First AM with Angela Miles to discuss the market and give a stock pick. This week, I covered TEVA, a stock I have talked about a few times and one, full disclosure, we are positioned in. First, about the company: Teva Pharmaceuticals is... READ MORE
On this week's edition of Moxie Indicator Minutes, TG presents a perfect example of what it is like being in the Moxie trading room, and the benefits the subscribers get from my trading methodology. TG was able to point out that AAPL was most likely going to pullback,... READ MORE
A project that I have been working on in recent years is Horizontal PnF Counting using Percent Scaling. The method has generated promising results. Here we look at two case studies that illustrate the techniques value. Using the ‘Percentage Chart Scaling' Method in StockCharts.com Point & Figure charting... READ MORE
In the previous technical note, the importance of the support level of 19250 was discussed; it was mentioned that, if this level stands protected for NIFTY, the Index can rebound and inch higher towards 19700+ levels. While trading along these lines, the markets enjoyed trending sessions throughout the week. It... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson shares one of the simplest yet most effective ways to streamline and enhance your charting routines on the SharpCharts workbench: StyleButtons. By assigning your favorite "ChartStyles" (chart templates that include all of the indicators,... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen McGonagle reviews the weakness in the broader markets while highlighting bright spots amid base breakouts. She also shares best ways to prepare your watch list and why the Dow Industrial Index outperformed. This video originally premiered September 8,... READ MORE
KEY TAKEAWAYS * Top investors use probabilistic analysis to think through different scenarios to determine which appears the most likely. * By thinking through each of four potential future paths for the S&P 500, we can be better prepared for whichever scenario actually plays out in the coming weeks. We... READ MORE
KEY TAKEAWAYS * Energy (XLE) Logs New All-Time High * XLE "Bearish Shift" on Silver Cross Index The Energy sector (XLE) has been enjoying a rally throughout the summer. Today. it logged a new all-time high on a small breakout. While the sector looks impervious, there are a... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave wraps the week with a focus on weakening breadth conditions, the Russell 2000 and underperformance of small caps, and strong energy stocks driven by stronger crude oil prices. He answers viewer questions on using ETFs instead of bonds or... READ MORE
KEY TAKEAWAYS * September is usually a weak month in the stock market and this time it may be no different * In spite of the selloff the broader equity indexes are still trending higher * Rising oil prices and the US dollar may put some pressure on inflation "September is when... READ MORE
Probably the worst or at least one of the worst performers in the overall market and in the commodities market, natural gas is choppy and lifeless. So why write about it? For starters, we love an underdog. Perhaps a bit too contrarian, as the reasons for the decline in natural... READ MORE
KEY TAKEAWAYS * The Williams True Seasonal is a unique tool that detects stocks via seasonality patterns * The Williams True Seasonal indicator differs from other seasonality indicators in that it provides greater accuracy by tweaking the way it uses data * The main benefit in using the Williams True Seasonal indicator is... READ MORE
ENERGY BREAKOUTS... Several previous messages have talked about upside breakouts taking place in energy stocks. And that trend has only gotten stronger both in the stocks and the commodity. The upper box in Chart 1 shows the price of WTIC crude oil rising to the highest level since last November.... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Willie Delwiche, CMT, CFA of Hi Mount Research outlines the long-term uptrend in interest rates and shares two sectors to focus on given the rising rate environment. Host David Keller, CMT tracks the sharp pullback for semiconductors and... READ MORE
In this edition of the GoNoGo Charts show, Tyler examines a return to strong "Go" conditions in the US Dollar index (UUP) and US Treasury rates ($TNX) on both the daily and weekly timeframes. The trend following model is clearly to the upside, but momentum has not shown... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains the importance of the MACD Zero line. First, he discusses what the zero line is and why it is significant. Then, Joe shows how it can identify great trade opportunities when used in multiple timeframes. Joe... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete goes over the usual suspects in the markets. He presents a review of both the SPX and the NDX indexes, followed by a review of the US Dollar and a quick look at bonds using the TLT ETF.... READ MORE
KEY TAKEAWAYS * Energy stocks are in focus as US crude oil prices continue rising higher * Oil prices have more room to rise but if prices go too high there may be demand pressures * Diamondback Energy is getting close to its 52-week high With Labor Day weekend behind us, it&... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Ari Wald, CFA, CMT of Oppenheimer & Co. shows how energy stocks are taking a leadership role, with high beta sectors still outperforming low volatility defensive stocks. Host David Keller, CMT tracks the latest downswing and describes a potential... READ MORE
On July 5th, Mish wrote an article called "Sell in July and Go Away? Calendar Range Reset". In that article, she noted, "should IWM fail to clear the calendar range high and worse, break down under a new 6-month calendar range low[...] it would be hard... READ MORE