In this episode of StockCharts TV'sThe Final Bar, Part 2 of a two-part special examining the Top Ten Stocks to Watch in July 2023, Grayson Roze walks through #5-#1, including UBER, BLD, and more. This video was originally broadcast on July 4, 2023. Click on the... 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
In this episode of StockCharts TV'sThe Final Bar, Part 1 of a two-part special examining the Top Ten Stocks to Watch in July 2023, Dave covers #10-#6, including AAPL, FDX, and more. Stay tuned for Part 2 tomorrow, in which Grayson will follow up with #5-... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I assess the monthly charts following the end of June. Bond-related asset classes remain vulnerable, while commodities are struggling to remain afloat. The stock/bond ratio is now sending a very clear signal. In US sectors, all eyes are... READ MORE
Have you noticed how every roadblock the bears use against the bulls just quietly goes away over time? I just chuckle. There have been SO many bullish signals over the past year, but pessimists/bears don't give in easily and that's actually good for the stock... READ MORE
With last week's strong economic stats and inflation basically flatlined, many believe there will be a soft landing and no recession. However, there are stats saying that, with the yield curve so inverted (most since 1983), recession can and probably will still happen. Recession can take time to... READ MORE
After testing the prior top of 18887 multiple times during the last five sessions, the Indian equity markets finally attempted a long-awaited breakout by moving past this point and closing near the high point of the week. While the market breadth improved a bit, the volatility continued to remain... READ MORE
Exactly how long is this raging bull market driven by mega-cap growth stocks supposed to last? I was taught that, when price trends higher over time, there would often be brief countertrend pullbacks along the way. Apple (AAPL) has completely ignored that market truismand managed to ride this unrelenting... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen highlights bullish characteristics exhibited during last week's rally while also reviewing what drove price action. She also shares the anatomy of a downtrend reversal and how to buy stocks on a pullback. This video was originally... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson presents an inside look at the next generation of StockCharts with this exclusive "Technology Preview". We're hard at work on new charting features, powerful trading tools and exciting enhancements across the entire... READ MORE
KEY TAKEAWAYS * The Nasdaq 100 Index ($NDX) has outperformed the S&P 500, DJIA, and Nasdaq Composite * Momentum indicators can help identify a slowing down in equities * The difference between the 10 and 2-year Treasury spread is deeply inverted The first half of 2023 is ending on a... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows the criteria he is looking for when trading 2 timeframes. He covers the MA setup on both timeframes, price setup, and the preferred momentum conditions to this approach. This approach can be used in any 2... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler review rangebound charts across macro drivers such as yields (TNX), currency (UUP), and commodities (GLD, USO). Relative stability offers a low volatility backdrop for Equities to sustain the bullish Go trend conditions. Within the S&P 500, rotation... READ MORE
KEY TAKEAWAYS * Rotation continues in favor of growth * Large Cap Segments Generally Beating Value * Small-Cap Value Stocks Stand Out Growth, Value, Size It has been a while since I addressed the rotations of Growth vs. Value and their different size variations. The RRG above shows these rotations on the... READ MORE
TRANSPORTS GAIN, UTILITIES LOSE... Chart 1 shows transportation stocks rising while utilities are falling. The significance of the chart is that it suggests that investors are turning more positive. That's because stronger transports suggest a stronger economy while falling utilities show that investors are turning less defensive. Airlines... READ MORE
KEY TAKEAWAYS * Institutional interest signals end of crypto winter * Technical indicators show strong bullish momentum in Bitcoin, but also suggest a potential near-term pullback * Bitcoin is a speculative trade driven largely by sentiment in absence of real fundamentals Bitcoin has been on a strong but volatile uptrend over the... READ MORE
On June 12th, Goldman Sachs (GS) came out stating how bearish they are on oil. I wrote a Daily about it on June 20th. It's not uncommon for me to stick my neck out and go against the big analysts. Heck, I have made a career out of... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with another "free roll," a "so long and thanks for all the fish" trade, a new mystery chart, and a not "dead money" trade. He also presents a trade... READ MORE
The ellipses in Chart 1 reflect economic events that have adversely affected the stock market since the 1950s. The pink ones reflect recessions, and those colored in blue indicate setbacks that anticipated economic slowdowns. Slowdowns develop when some economic sectors slip into recession, but that weakness is insufficient to push... READ MORE
KEY TAKEAWAYS * Lululemon stock could move higher in sync with the Consumer Discretionary sector * LULU is trending higher above its 200-week moving average * LULU could find support at its 50-day simple moving average before moving higher Athleisure wear became trendy during the pandemic—what's not to... READ MORE
An interesting article based on cycles and commodities versus stocks suggests that over the past 90 years, stocks have outperformed commodities by 4 to 1. Within those 90 years, though, there are times that commodities outperform stocks, generally for about 15 years. The author believes that we will see such... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl begins by discussing the downside exhaustion climax that occurred on Friday. He goes through DecisionPoint indicators and covers the major markets, as well as Crude Oil, Bitcoin and a discussion on the Dollar and Gold. Erin finds new... READ MORE
What we know for sure, is that the demand side of the U.S. Economy, as seen through the lens of the transportation sector, is holding up. IYT, shown AI-generated in the image above, is the ETF for things that move and carry people and cargo via ships, planes,... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I look ahead to the month of July and what we can expect based on 20 years of seasonal performance. I then align that information with the current rotations for the various sectors in order to find interesting opportunities on... READ MORE
After a strong performance in the week before this one, the markets chose to take a breather. The NIFTY went within the kissing distance of the all-time high level of 18887 and saw corrective pressures at that point. The markets kept on testing these crucial levels multiple times while... READ MORE
The markets pulled back this week amid global recession fears that followed the Bank of England's interest rate hike. Most concerning to investors was that the ½% increase came on the heels of an elevated U.K. inflation report for May. Thoughts that the U.S. may get stuck... READ MORE
Recently, we've focused on the overextended nature of the small group of mega-cap leadership names in 2023, and even identified threekey charts to watch for a pullback in the technology sector.This week, we observed further deterioration in breadth indicators, with the cumulative advance-decline lines for... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen shares important levels to watch as the markets pull back amid interest rate hike fears. She also highlights how to tell if your stock is pulling back or poised for further downside. The move into Crypto is also... READ MORE
Once a month, I do a coaching session for our members of the Complete Trader, a MarketGauge comprehensive product for the discretionary trader. During the 45-minute session, I cover EVERYTHING! 1. The Economic Modern Family 2. The Indices 3. The Big View Risk Gauges 4. The Bonds 5. The... READ MORE
It does not always happen, but sometimes the indicator and chart signals align to send a powerful message. Datadog (DDOG) sports a confirmed bullish reversal on the price chart and a trend signal from the Trend Composite. Today's article will review these signals and highlight a developing short-... READ MORE
It was a great day to sit down and talk to Dale Pinkert of FACE Live Market Analysis & Interviews.And we covered a lot of ground. 1. BoE interest rate cut. 2. Inflation, Recession, or Stagflation? 3. Commodities -- grains, metals, industrial metals. 4. The "inside" sector of... READ MORE
When the direction of the primary trend changes, it's usually because the business cycle is transitioning from a slowdown or recession to a recovery. That process usually results in a change in sector rotation, as defensive ones, such as utilities and consumer staples, come to the fore and... READ MORE
When the stock market trends higher, it doesn't necessarily mean all stocks are moving higher. This is why it's necessary to have a method to filter through the day's market action and select stocks or securities to trade that have the potential for a... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how to build a case that can increase your odds of a winning trade. By using multiple timeframes and making sure a stock meets key criteria, you can improve your odds. Joe discusses an example and... READ MORE
The May Housing Starts and Permits released this past Tuesday was quite eye-popping, despite riding the back of a disappointing market drop in the Dow, S&P, and Nasdaq. How so? If you think about it, mortgage rates are averaging a painful 7%+. And still demand for homes... READ MORE
On Wednesday, we began to see a separation between what Chairman of the Fed Powell said on fighting inflation and the inflation indicators themselves. Food commodities, particularly grains, soared. Weather is the dominant factor as we head into the summer season. Happy June equinox. Oil rallied, and we hope you... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with a "free rolling" big winner, a potential winner in the making, and a new mystery chart. He then continues his series on the wisdom of Jesse Livermore, examining the "big pull&... READ MORE
On June 12th, Goldman Sachs (GS) came out with this: Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from sanctioned countries, including Russia. What the big institutional analysts have done this year is get pretty much... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I take a look at Asset Class rotations, highlighting the current strength of US stocks in comparison to Bonds. In the Sector Rotation segment, I address the differences between cap-weighted and equal-weighted sectors and find some interesting stocks... READ MORE
I've always been impressed by the strong correlation between the U.S. and German stock markets. Sometimes the strength in one of these markets can help to influence the direction of the other. Let me show you a long-term chart of the S&P 500 ($SPX)... READ MORE