As the week ends, let's use GoNoGo Charts to get a sense of market moves. The chart below shows the $SPY with daily prices and the full suite of single security GoNoGo Indicators applied. As we can see, price has rallied this week and caused GoNoGo Trend to... READ MORE
It was a solid week for the markets with the S&P 500 index ($SPX) advancing above its key 200-day moving average which was a major area of possible upside resistance. With a positive relative strength index (RSI) and stochastic oscillator, the markets are poised to advance further as... READ MORE
Position for the most probable scenario, but plan for alternative scenarios. Why is this a sentence that should be printed out and taped to your monitor, now if not sooner? Because, as investors we often become very tied to a particular narrative. The Fed is wrapping up its tightening cycle... READ MORE
Welcome to the new year and the new January reset! The January 6-month calendar range could be even more influential than usual. Let me explain before showing you the S&P 500 (SPY) price chart... After the first 10-trading days in January, a range is established. That range becomes... READ MORE
Grayson kicks off earnings week in a big way on this week's edition of StockCharts TV'sStockCharts in Focus! He explores one of the latest new tools and features on StockCharts: our earnings calendar - with reported results and upcoming announcement dates to help you use the... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the sector rotation taking place amid bullish price action in the markets. She also shares areas of strength that are poised to trade higher. This video was originally broadcast on January 13, 2023. Click on the above... READ MORE
In this week's edition of Moxie Indicator Minutes, volatility products, breadth indicators, and individual tickers are showing TG that there is strength coming into the market. Is it the end of the Bear? We can't yet say, but there are trades setting up that you should... READ MORE
On the Relative Rotation Graph for US sectors, the tail for XLRE, the Real Estate Select Sector Fund, is inside the improving quadrant and heading towards leading at a positive RRG-Heading. This is one of the few tails with a positive RRG-Heading, between 0-90 degrees. The other ones are Utilities,... READ MORE
The stock market has a long-term bullish bias and the monthly return metrics reflect this positive bias. Chartists looking for a seasonal edge can compare benchmark metrics with the monthly performance numbers. Months that outperform the benchmarks have a positive bias, while months that seriously underperform have a negative bias.... READ MORE
Last week's message showed how a falling dollar was boosting the price of gold and its miners. The falling dollar may also be lending support to material stocks tied to various commodities which can also benefit from a weaker dollar. FALLING DOLLAR BOOSTS MATERIAL STOCKS The green area... READ MORE
The December consumer price index (CPI) was welcome news for the stock market. Headline and core CPI numbers came in line with expectations. Headline CPI year-over-year is up 6.5% and core CPI is up 5.7%. Even though the softening inflation number was probably already priced into the market,... READ MORE
As all of Wall Street dissects CPI data and what that might mean for the Fed's next rate hike, Alex and Tyler look through what is actually happening from a price perspective in this week's edition of the GoNoGo Charts show. With inflation coming in softer... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how he uses multiple timeframes to pinpoint a recent countertrend trade setup in TSLA. Joe uses Candles, Moving Averages, Price Structure, MACD, and ADX to help on this setup. He starts with the monthly chart and... READ MORE
2022 has ended, but the bear market and need for risk management remains! The year 2022 ended with the stock market delivering its largest yearly losses since 2008. The fourth quarter of 2022 saw new bear market lows in the S&P 500 index, Nasdaq Composite, and Bloomberg Agg... READ MORE
You don't want to miss Mish's 2023 Market Outlook, E-available now! Ahead of Thursday's CPI inflation print, the stock market rose on Wednesday, extending previous gains for the week. The stakes for the Fed-critical report are high, since most investors expect a lower CPI... READ MORE
If you've been too focused on how much the high-flying tech stocks have brought down the value of your portfolio, you may not have noticed that value stocks that have been sidelined are showing signs of a turnaround. This isn't unusual; in an economically uncertain environment,... READ MORE
In this week's edition of Trading Simplified, Dave talks about real trading techniques for real traders, using real trades. He begins with a new mystery chart, explaining his Double Top Knockout Setup. He then continues his "Next 100" trades, noting updates to his open positions, discussing... READ MORE
You don't want to miss Mish's 2023 Market Outlook, E-available now! As earnings season kicks off, the market is primed to witness some surprising turns in the coming days, weeks, and months ahead. Powell's speech today kept investors thinking about future interest rate hikes... READ MORE
I had the honor of being interviewed by longtime friends, Sunny Harris and Sam Tennis. The link below will take you to that interview. It is about 1 hour long so try to stay awake. https://anchor.fm/sunny-j-harris/episodes/Gregory-L--Morris... READ MORE
Most of the time, the major indexes move in tandem. Occasionally, they'll throw up positive and negative divergences that technical analysts can use to better identify important trend reversals. Today, we will look at two market averages whose 2022 price action has resulted in completely different potential chart... READ MORE
In this year's first episode of StockCharts TV's Sector Spotlight, I take a look at the Sector Rotation Model and address the current state of stock market sector rotation. Then, I discuss the four macroeconomic indicators that form an integral part of the model to assess... READ MORE
You don't want to miss Mish's 2023 Market Outlook, E-available now! Despite the debate about the strength or weakness of the US Dollar, it will remain one of the most important currencies in the world for decades, and will continue to cause trouble for some. Still,... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl opens the show with a reprise of his Tesla (TSLA) vs. Bitcoin discussion and the uncanny similarities as far as gains, losses, and price pattern, in spite of not really being related at all. Erin teases out the... READ MORE
The 2022 year-end came with plenty of volatility in the market, and that's what bear market rallies and turning points look like. However, we don't know where the turning point really is. In this week's edition of StockCharts TV'sHalftime,Pete takes a... READ MORE
There is no debate when it comes to concluding that 2022 has been a choppy year for equities globally. The markets had to deal with all sorts of things; rising inflation, fear of recession, geopolitical tensions, and a slew of rate highs from the central banks all over the world.... READ MORE
You don't want to miss Mish's 2023 Market Outlook, E-available now! From page 55 of How to Grow Your Wealth in 2023: "Overall, the gold futures have the lion's share of our interest, (as referenced earlier in this Outlook). We wrote about the... READ MORE
The equity markets have entered into the new year on a back foot and stayed choppy as well. In the previous technical note, it was mentioned that, so long as the NIFTY stays below its crucial resistance zone of the 18300-18600 levels, it will remain in a trading zone that... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews some of the key events driving price action as we head into the New Year. She also highlights the impact of last week's rise in interest rates, as well as key areas of support for... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson takes you on a tour through the brand new StockCharts mobile app for iOS devices! You can now take your charts and the market anywhere with you on the go. We'll show you the... READ MORE
From the Sector Level On the Relative Rotation Graph for US sectors, the tail for the Utilities sector stands out. It is relatively long compared to the other tails on the graph, which indicates that there is quite a bit of power behind the move. With the tail moving from... READ MORE
As the great bear market of 2022 was really hitting its stride, the 3800 level came into view as a likely support level for stocks. We keyed in on that level based on Fibonacci Retracements using the March 2020 low and the January 2022 high. At the time, that seemed... READ MORE
BOND YIELDS AND THE DOLLAR WEAKEN... The direction of interest rates plays a big role in determining the direction of the dollar. Rising U.S. rates during 2022 helped push the dollar to the highest level in twenty years. Chart 1, however, shows the 10-Year Treasury yield peaking during October... READ MORE
The market got into its sideways range starting about December 16th and is still in that zone. They say don't short a quiet market, but it is also hard to see where strength will be coming in from. In this week's edition of Moxie Indicator Minutes,... READ MORE
The past three months have been torture for the Invesco QQQ Trust (QQQ), the ETF that tracks the NASDAQ 100. The large-cap stocks that dominate the QQQ performance have been breaking down one after another, and that has weighed much more heavily on the NASDAQ 100 than it has on... READ MORE
Late yesterday afternoon, I sent out a quick update to our EarningsBeats.com members, suggesting that we could see a sudden surge higher in equities. A bullish signal emerged in the Volatility Index ($VIX), one that doesn't appear very often. Typically, the S&P 500 and VIX... READ MORE
In this week's edition of the GoNoGo Charts show, Alex and Tyler examine a market that is largely consistent with the choppy downtrends and defensive characteristics of the prior year. The major difference across the asset classes is that the US Dollar index is in a NoGo and... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe looks at the longer-term picture for stocks like AAPL, TSLA, and more. He gives a framework of how to play these stocks for long term accounts, then explains the process of a bottom and how to take... READ MORE
Preliminary earnings numbers are in for 2022 Q3. To clarify, earnings results are collected for the three months after the end of the quarter. Meanwhile, "earnings season," the collection period for 2022 Q4, has just begun. The chart below shows the normal value range of the S&... READ MORE
Trading will make you question whether you are being Churchill's definition of success or Einstein's definition of insanity. Thus, the Einstein vs. Churchill argument. In this week's edition of Trading Simplified, Dave continues his discussion on his next 100 trades and presents an update... READ MORE
After a pretty dismal stock performance in 2022, investors are looking forward to some signs of optimism in the first trading week of the new year. Alas, the first two days didn't bring much hope. Fed minutes indicate that inflation is still high, and that means more interest... READ MORE