In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the outperformance in Growth stocks and which areas are poised to trade higher. She also highlights the key driver of these and other stocks which are on the move. This video was originally broadcast on January 27,... READ MORE
When concerns of a recession are front and center, investors tend to pay more attention to the Gross Domestic Product (GDP) report. The Q4 2022 GDP report showed the U.S. economy grew by 2.9% in the quarter, and Wall Street wasn't disappointed. The day the report... READ MORE
In this week's episode of Sector Spotlight, I looked at market breadth using two different variations of Relative Rotation Graphs. Following that show, I received an email from a user reminding me of another set of market breadth indices that we keep for sectors: the BullishPercent indices. You... READ MORE
NEXT TEST IS DECEMBER HIGH... The technical condition of the stock market continues to improve. Chart 1 shows the S&P 500 clearing its 200-day moving average. Although not shown here, it also cleared a falling trendline extending back a year. Both are positive signs. The next test will... READ MORE
Last week I featured the S&P 500 SPDR (SPY) with a clear resistance level to beat. Even though the 2022 decline could be a correction after a big advance, the ETF is short of a breakout and trend reversal. The Nasdaq 100 ETF (QQQ) also has a clear... READ MORE
Last month in our DecisionPoint Trading Room, I gave our viewers a pop quiz. I presented two similar charts without names or price scales and challenged them to identify them by the shape of the price indexes alone. The point I was trying to make was that, while they were... READ MORE
In this week's edition of the GoNoGo Charts show, as the S&P 500 continues to show constructive evidence of trend reversal on longer timeframes, Alex and Tyler look to GoNoGo Charts to better understand the sector leadership and individual names that are leading equity markets. Importantly,... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how he puts it all together by looking at Price structure, MACD, and ADX, in conjunction with the Moving Averages, to identify a short-term trading opportunity in NVDA. He starts with Monthly and works down to... READ MORE
Natural Gas use has become a hot-button issue in the United States as bans begin to be discussed or enacted in certain states and cities. Whether you believe this is good or bad, it is news. A subscriber recently asked us to review Natural Gas (UNG), and today seems a... READ MORE
I started out this year saying that, to date, gold has been sold on strength and bought on weakness. And the day strength is bought is the day we see a much bigger rally. A Few Gold Headlines * Gold prices hit record high in Japan * China steps up gold imports... READ MORE
From the financial crisis in 2008 until October of last year, the U.S. stock market handsomely outperformed the Dow Jones Global Index ($DJW). However, recent price action suggests that this relationship may be about to change. Stated more accurately, U.S. relative performance may have peaked last October, just... READ MORE
We cannot begin the Daily without a mention of the glitch in the NYSE right out of the gate Tuesday morning. A wild stock-price swing occurred at the open and 84 stocks suddenly plunged or spiked, causing volatility triggers and trading halts. The event is now under investigation. The chart... READ MORE
After a 50% decline, you need to make a 100% return to break even. That is precisely what happened to the Communication Services sector. In August 2021, the Communications Services Select Sector SPDR fund (XLC) peaked at 85 and, from that point onward, started a disastrous decline, bringing its price... READ MORE
Semiconductors are getting a lot of love from Wall Street once again, with many stocks in the industry getting upgrades from analysts. No wonder many of the semiconductor stocks spiked higher. All you have to do is pull up a chart of the iShares Semiconductor ETF (SOXX) and you'... READ MORE
Last week was the reset of the January six-month calendar range. For the S&P 500 index, that range sits at 3770-4000.23. In our 2023 Outlook, the prediction we made for the yearly range is much wider, or between 3200-4200. That is based on the position of two... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl explores how yields are calculated with a few examples of yields that don't seem 'right'. He demonstrates how to add dividends and splits to your charts. Erin focuses in on two sectors that are... READ MORE
Say what you want, but January has proven to be a very reliable predictor of U.S. stock market action from February through December since 1950 and, with just a little more than a week left to go in January 2023, market action is suggesting that we're going... READ MORE
At EarningsBeats.com, we keep a Short Squeeze ChartList (SSCL). There are currently 42 stocks on it that have very high percentages in terms of short percentage of float. What these stocks have in common is a propensity for short sellers to panic and cover their short positions as price... READ MORE
Over the past couple of weeks, it has been categorically mentioned that, so long as the NIFTY stays below the 18300 levels, it is likely to continue to consolidate in the present range. The index has created a very well-defined trading range for itself at the moment, and has continued... READ MORE
The S&P 500 index has been trending lower since its peak in January 2022, but this decline could be a long correction after a massive advance. The pattern taking shape and the retracement amount is typical for corrections. Today's article highlights this setup and shows the... READ MORE
I like to keep my process simple. That means I define the market trend using a simple combination of exponential moving averages. That also means that my charts are relatively straightforward, avoiding too many indicators and sticking to what I consider simple measures of trend and momentum. So when I... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish bias in the broader markets while highlighting which areas are in a position to trade higher. She also discusses what's driving stocks higher and what to be on the lookout for going into... READ MORE
As the week ends, let's use GoNoGo Charts to get sense of market moves. The chart below shows the $SPY with daily prices and the full suite of single security GoNoGo Indicators applied. Price moved higher into midweek before tumbling on Wednesday. The last bar of the week... READ MORE
This past week, I got to talk a lot about inflation, something many have thrown in the towel about. But not us! In particular, I sat down with Charles Payne during his show Making Money with Charles Payne on Fox Business. He prepared a list of questions for me. Charles:... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus,we're talking process! Grayson digs into some of the tools that he personally uses on StockCharts to manage his watchlist. We've got a lot happening right now in the markets, including talk of... READ MORE
In this week's edition of Moxie Indicator Minutes, TG explains that yes, we are still in a bear market, and yes, the indexes can still go lower. Heck, the SPY can still waterfall lower. But there are names that have been in their own bear market for a... READ MORE
S&P 500 REMAINS IN MAJOR DOWNTREND...Although stocks have experienced a counter-trend rally over the last three months, their major trend is still down. One way to measure that is by looking at where moving averages and trendlines are located. Chart 1 show the S&P 500... READ MORE
If you've logged into your Facebook account recently, you may have noticed a bunch of targeted reels. No, it's not TikTok. This just shows that Meta Platforms (META), parent company of Facebook, is rolling up its sleeves and getting aggressive in the advertising space. META has... READ MORE
In this week's edition of the GoNoGo Charts show, Alex and Tyler discuss the difficulty equities are having establishing a new "Go" trend. They walk through the technical analysis surrounding the macro factors that will have an impact on stocks, Interest rates, the dollar, commodities. They... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how he uses multiple timeframes in ADX to find stocks that have real potential. This approach can be used for screening and reducing a list to a workable number. ADX, used with the price pattern, can... READ MORE
At the end of November the Dow Jones Industrial Average ETF (DIA) advanced just above +20% from its October low and officially entered a new bull market; however, technically, an intermediate-term rising trend had not been established. There is a bottom above the September bottom (green arrows), but there is... READ MORE
Uncertain about where the stock market's headed? You should be, after a tumultuous 2022. Read on to hear what three experts think the 2023 investment landscape will look like. More importantly, get ready to take advantage of new trading and investing opportunities. Forecasting the stock market is like... READ MORE
KRE Regional Banks is a member of my Economic Modern Family. With bank earnings in gear, this ETF measures the smaller banks--the ones where people living in more rural communities and smaller cities often go to borrow and save money. Here is a passage from March 22, 2022: "We... READ MORE
In the last couple of weeks, I've had a couple of conversations with clients asking how I go about selecting promising sectors, even when not much excites me at the moment. To start with, I'm a believer in the principle that the character of short-term moves—... READ MORE
The price of sugar is exposed to many global and national influences. These include government tariffs, costs of production, climate change, and geopolitical instability. These demand and supply factors all influence movement within the market. Most sugar production occurs in a few countries across the world. The top producing countries... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I look at the current state of sector rotation, then walk through all 11 sector charts to make an assessment on their individual (relative) trends and their near-term support and resistance levels. Next, I use all this information to "... READ MORE
Trevor Lawrence put in a performance for the ages in the AFC Wild Card game on Saturday. Chapeaux! Lawrence started the game with four interceptions in the first half but kept on throwing and brought his team back for a big win. There are some lessons here that we can... READ MORE
Quarterly earnings is a time when management teams announce whether they've kept all their promises that were made over the prior 90 days. These quarterly earnings announcements shouldn't be shockers. Investors despise big surprises, especially when companies fall short of their consensus estimates. Wall Street firms... READ MORE
Over the past couple of weeks, the performance of the IT stocks has remained quite muted; the NIFTY IT Index has come off from its November highs and has consolidated over some time. This has led to relative underperformance of the IT group against the broader markets. However, a few... READ MORE
In the previous weekly technical note, it was mentioned that the markets may remain in a trading range until they trade below the crucial 18300 level, which is one of the major resistance points on the chart. Over the past five days, NIFTY not only remained below this point, but... READ MORE