It was a volatile, but largely quiet, week for the markets. Over the past five sessions, the markets were able to defend their opening lows and were trading flat until the last trading day of the week. The negative closing of the last trading day saw the markets ending in... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the sharp decline in Banks and whether they're ready to reverse higher. She also discusses broader market conditions while highlighting key pockets of strength and stocks showing promise. This video was originally broadcast on March... READ MORE
One of the best questions I got asked this week was "How can you be long gold and long semiconductors at the same time?" And I have a simple answer for that. We love to take a position based on the macro, which is why gold has been... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson discusses the most important chart on all of StockCharts – your default ChartStyle! In addition to a quick review of what a ChartStyle is, you'll learn how to save your favorite indicators, overlays and other... READ MORE
2022 was a challenging year for investors, and, so far, the stock market in 2023 has had its fair share of challenges. The fallout of some banks came as a surprise to many investors; how can retail traders improve their trading results in 2023 in light of such unexpected events?... READ MORE
BANK INDEX WEIGHS ON STOCKS...Despite day to day volatility, major stock indexes are trying to hold onto small gains for the week and are trying to hold underlying support levels. The black bars in Chart 1 show the S&P 500 bouncing last week off potential support at... READ MORE
The SPY is down twice now after the FOMC, where Powell continued to hike rates with another 25BPS. Despite that, there are still many sectors and tickers that are bullish. Of course this can change and we need to always be on guard for that, but, on this week'... READ MORE
Racing ahead of the semiconductor pack, Nvidia (NVDA) appears to be edging toward the upper regions of a parabolic curve. What Does This Mean for NVDA Stock Price? It's a sign of confidence coming off a strong Q4 2022 earnings performance on top and bottom lines. NVDA surprised... READ MORE
Small-caps are leading the way lower and breadth indicators are showing some serious deterioration under the surface. Large-caps are holding up for now, but keep in mind that weakness in small-caps foreshadowed the January 2022 peak in SPY. Today's article will compare price charts for SPY and IWM,... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains how to use the higher timeframe to help confirm a 1-2-3 change in trend on the lower timeframe. In many cases, the cross of key MA lines will coincide with this potential reversal signal. Joe then... READ MORE
With the recent crash of the SPDR S&P Regional Banking ETF (KRE), you may wonder if there were adequate technical warnings ahead of the crash. Yes, there were. (To clarify, we're looking for reasons not to be long KRE.) 1. To begin, last April, the KRE... READ MORE
The Federal Reserve raised rates by 25 basis points. The decision was unanimous. The terminal rate projection is unchanged at 5.1%. The FOMC statement modifies guidance: "The committee anticipates that some additional policy firming may be appropriate." My first tweet @marketminute this morning before the market opened:... READ MORE
All trades, no matter how well thought out, have the potential to end in a loss. Therefore, we must manage our expectations and be willing to accept risk and fear as part of the trading process. In this week's edition of Trading Simplified, Dave discusses ways to deal... READ MORE
The end is at hand. Bears, just surrender now. Since the mid-June low (where I called the S&P 500 bottom), we've seen the fed funds rate jump from 1.00% to 4.75%. Of course, all we've heard since then is what? Don'... READ MORE
The market buzz can be quite contagious. * "Market didn't collapse on the bank news-must be bullish." * "Yellen will save the day buy making sure depositors are safe." * Yellen herself: "We have an economy that is performing very well." And, of course, we... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I talk you through my assessment of what's going on in terms of sector rotation and how that connects with my observations of the S&P 500 chart. Following that assessment of current market behavior, I then... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete discusses the noise that's been driving the markets, starting with Silver Gate and moving in to speculation on Silicon Valley and Signature banks. Although he can't believe it, he talks about the idea of... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl opens the trading room discussing why DecisionPoint.com uses ETFs for signal changes versus actual Index readings. He also explains how the Price Momentum Oscillator (PMO) has different meanings when it is above or below the zero line.... READ MORE
Where is the market finding joy? Is it here, in the Russell 2000 (IWM)? Let's check out the weekly chart. The 50-week moving average just crossed below the 200-week moving average. That is bearish. The Leadership Indicators shows IWM well underperforming the SPY; also bearish. The Real Motion... READ MORE
The previous week remained a technically damaging one, as the NIFTY violated a few important supports while closing on a negative note. The volatility, too, increased; however, this was on the expected lines. The past five days also saw the global markets dealing with the collapse of SVB (SVIB); the... READ MORE
It was another wild week for the markets, as turmoil amid the Banking industry spread to other areas. Oil prices slid to 1-year lows and Treasury yields skidded lower. Other commodities also fell, while global-facing Industrial companies took it on the chin. Overall, the price action highlighted investors' shift... READ MORE
This week, stocks started in a position of strength and ended in a position of weakness. While some groups, like semiconductors, have managed to remain strong, the major benchmarks managing to pound out a positive return for the week, the broad market message appears cautious-at-best by my read. My main... READ MORE
When we wrote How to Grow Your Wealth in 2023,we began with * Chaos * Trying to Fit a Square Peg into a Round Hole * Looking for Inflation in All the Wrong Places Could we have known at the time what headlines would emerge? No. Yet what was obvious is that... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen walks through the broader markets and sector rotation, before drilling down into the market dynamics that are driving earnings and analysts upgrades. She finishes out the show by highlighting some defensive names, gold stocks, and software companies to... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson explores four unique ways to chart, and analyzes what many would argue is the 2nd most important technical indicator of them all: Relative Strength! Using some creative chart setup tricks in both SharpCharts and ACP, Grayson... READ MORE
In a recent StockCharts special presentation, Larry Williams revealed his detailed forecast of the broader US market, gold, and stocks Apple (AAPL), AMD (AMD), and Amazon (AMZN). A Quick Preface to Larry Williams' Presentation In the early 2000s, at the start of my finance-related career, I came across two... READ MORE
The financial crisis helped to bring interest rates back down, which is benefiting tech and the growth sector. But the Energy sector is starting to decline which implies a weakening economy. And interest rates going down could be for the bad reason, not the good reason. In this week'... READ MORE
Sometimes markets trend, sometimes they oscillate and sometimes they simply frustrate. I would venture to guess that trading since 2022 falls into the frustration basket. Trend following and momentum strategies are suffering because big moves are failing to extend and develop into trends. Mean-reversion strategies were doing well, but got... READ MORE
Since late 2021, value stocks have been dominating Growth. The $DJUSGR:$SJUSVA ratio rode the way down together with $SPX. I highlighted this development in a few articles back in 2022. At the moment, that situation seems to be reversing. The Relative Rotation Graph above shows the Growth Value rotation... READ MORE
In early February, I pointed out that five consistently correct long-term indicators had triggered primary bull trend buy signals. The article certainly did not represent good timing from a short-term point of view, as the market has been selling off ever since. Nevertheless, these indicators remain in the bullish camp.... READ MORE
In this week's edition of the GoNoGo Charts show, Alex takes the GoNoGo approach to the markets this week as he looks at the GoNoGo Asset map, noting the NoGo Trends in equities and commodities, while the dollar holds on to its "Go" trend. After running... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how the the 4MA can be used to provide insight into short-term countertrend opportunities. He then explains how these opportunities can be used as a part of a bigger play. He then covers the stock symbol... READ MORE
What a difference a day makes. So much for Tuesday's relief rally in banks. The banking contagion continued with Credit Suisse's fallout, which brought the banking fiasco to a global level. The domino effect was felt in the banking sector once again and continued into Thursday,... READ MORE
S&P 500 STABILIZES NEAR DECEMBER LOW...A short-term oversold condition helps support stocks. The daily bars in Chart 1 show the S&P 500 bouncing off potential chart support at its December low. In addition, its 9-day RSI line in the upper box is bouncing off its... READ MORE
Semiconductors ($DJUSSC) opened 2023 with a BANG! They spent the entire month of February and the first two weeks of March consolidating in a bullish ascending triangle pattern, but today we're either going to get a confirmed breakout or a false breakout. It simply depends on where we... READ MORE
I remain extremely bullish stocks the balance of 2023 and into 204, but I've been a little short-term cautious the overall market since mid-February, but bullish signals are beginning to emerge once again. The most important sector, in my opinion, is technology (XLK). This sector reeks of aggressiveness... READ MORE
Below is an excerpt from today's subscriber-only DecisionPoint Alert (Subscribers, forgive the repeat performance): CRUDE OIL (USO) IT Trend Model: SELL as of 2/2/2023 LT Trend Model: SELL as of 12/6/2022 USO Daily Chart: USO obliterated support today and closed at New 52-Week Lows.... READ MORE
Silver is like that drab and boring coworker who you say "hi" to, but never really care to engage. It may not possess gold's glitz but... it's the only metal that has can boast both monetary and industrial-tech use cases. Its history as money... READ MORE
In our book How to Grow Your Wealth in 2023,we featured our projections for the Economic Modern Family. To begin with the Granddad of the Family -- Russell 2000 (IWM) -- in December 2022, we wrote this: "The Russell 2000 IWM is the granddad of the Family. Hence,... READ MORE
There's a big gap between your performance with your methodology and your methodology's potential. In this week's edition of Trading Simplified, Dave introduces you to what might be keeping you from reaching your full potential. Spoiler alert: It's you! Dave then gets... READ MORE