Focusing on the Economic Modern Family, the weekly charts will help us see who is doing what, why, and perhaps help us understand for how long. Granddad and Grandma Russell and Retail are the matriarch and patriarch of the Family. IWM cleared the 50- and 200-week moving averages and... READ MORE
Wow, things have changed. I looked at some charts that I had produced a year ago and looked at those same charts today. You'd never know it was the same stock market. Let's start with the S&P 500 and NASDAQ 100 (SPY and QQQ,... READ MORE
In what can be called a fairly buoyant week of trade, NIFTY moved towards its previous high point and closed at its lifetime high. The financials, though, represented by BankNifty (Nifty Bank) relatively underperformed, as the BankNifty Index closed on a flat note. The trading range for the markets remained... READ MORE
The weight of the evidence remains bullish for stocks, but this is not a bull market that lifts all boats. It is a relatively selective bull market led by technology, housing and a few other groups. This is not necessarily bad. It is, however, important to separate the leaders from... READ MORE
As a trend follower, I'm bullish. I can't deny that the trend is positive on all three time frames using my Market Trend Model. So any bear case at this point has to be based on a market being so overextended that it is ripe for... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the health of the broader market, while also highlighting breakout stocks among a new area and why they're trending higher. She also looks into the effects of the continued move into cyclical stocks. This video... READ MORE
On this week's edition of Moxie Indicator Minutes, TG explains how the market has been on a wild ride -- and it's not just 5 names anymore. While this means great things for the overall health of the market, its getting a little overdone at this point,... READ MORE
Near-Term Rotations The Relative Rotation Graph above shows the stock rotation inside the NYFANG index. Semiconductor stocks AMD and NVDA have been the leaders over the past weeks/months, but they are now rolling over into weakening and heading toward the lagging quadrant. TSLA and NFLX are still inside... READ MORE
MORE BROADENING OUT...Various measure of market breadth continue to improve. That includes the number of stocks moving back above their moving average lines. Chart 1 shows the Percent of S&P 500 stocks trading above their 200-day averages rising to the highest level in four months. As... READ MORE
A Silver Cross is when a stock's 20-day EMA crosses above the 50-day EMA, and that event rates the stock to be bullish in the intermediate term. DecisionPoint's Silver Cross Index (SCI) expresses the percentage of stocks in the index that have a Silver... READ MORE
Maybe you were expecting the dollar to fall a bit more dramatically (and for gold to rise) when,after the FOMC meeting yesterday, the Federal Reserve announced that it was holding interest rates steady for the first time after 10 consecutive hikes. But the bearish response was a bit lackluster.... READ MORE
Those who read our Daily and follow us on the media know that we talk a lot about risk gauges. The big focus for me personally is the relationship between the S&P 500 and the long bonds. The other 2 I watch are the relationships between junk and... READ MORE
Teaching an old dog new tricks means that the tricks might be new, but the notion of doing tricks is familiar. Case in point-currencies and trading currency futures. We have traded ETFs UUP and FXE (dollar and Euro) in the past. And, I have been vocal through the years... READ MORE
With CPI data coming in as expected and a cooler PPI, it's clear that inflation is heading in the right direction, with the exception of a few areas such as housing. Overall, the data seal an interest rate pause from the Federal Reserve. After 10 consecutive rate hikes,... READ MORE
What we heard from the Fed and FOMC on Wednesday: 1. Unanimous 2. Holding rates allows FOMC to assess additional data 3. Tighter credit likely to weigh on activity 4. 2023 unemployment seen at 4.1% vs. 4.5% 5. Median rate forecasts rise to 5.6% end-`23, 4.... READ MORE
Artificial intelligence (AI) stocks have become popular, almost fashionable. AI is a new frontier, an emerging technology offering unique opportunities and risks -- but is it a smart investment? Why invest in AI? AI has the capacity to revolutionize industries, drive economic growth, impact global challenges, and unlock scalable efficiency. These... READ MORE
If you missed the AI run, this could be an opportunity to jump into a related stock, which surprised when it showed up in the StockCharts Technical Ranking(SCTR) scan on June 13. Intel Corp. (INTC) is a stock that could have some upside potential. Like most stocks in the... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I present an in-depth assessment of the current state of rotation in asset classes and sectors, and also share some background on where the split into three groups -- offensive, defensive, and sensitive -- is coming from. Spoiler alert: The rotation... READ MORE
The S&P 500 Equal Weighted Index is continuing to advance higher led today by gains in Aluminum, Steel, Industrials and Consumer Cyclicals. This is great news for the possibility of a continuation rally as broader participation beyond mega-cap FAANMG and select Technology names will help keep the... READ MORE
There used to be a rule of thumb on Wall Street that, whenever brokers upgraded to a new office after years of making do with smaller premises, it was the sign of market peak. Such behavior typically followed years of a bull market in which the investment houses had grown... READ MORE
Last week, I was listening to an analyst talking about small caps. He basically poo-poo'd their importance and therefore influence on the overall market conditions. Now, this is our Granddad Russell (IWM) -- the representative of stuff made in the USA. He went on to say that IWM... READ MORE
In this week's edition of The DecisionPoint Trading Room, Erin, flying solo, dives right in to the market action with a focus on yields and bonds. The sector landscape looks very healthy, but Technology (XLK) saw a new PMO Surge (bottom above the signal line) accompanied by strong... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete takes a look at some ratio charts, including defensive sectors. He highlights an indicator that seems to be playing out in the markets right now. Pete shares his belief that the tech indexes, including tech-heavy names, have... READ MORE
I remain steadfastly bullish, but I do recognize reasons to be short-term cautious when I see them. I suppose the first question is, "what does it mean to be cautious." Well, I can only tell you what it means to me. While I still believe it makes... READ MORE
A long-term chart shows why the Nasdaq 100 is the place to be, or at least, "was" the place to be. Past performance does not guarantee future performance. The performance chart below shows the 16+ year percentage gain for QQQ and five other ETFs. These include the... READ MORE
This was the second week in a row where the markets delayed their breakout and continued to flirt with the key levels. This time, they continued to stay largely in a defined range and resist the key levels. The NIFTY50 index remained above the crucial supports; at the same time,... READ MORE
The markets are seeing a continuation of last week's broadening out into areas beyond mega-cap FAANMG names. Most of the biggest gainers have been beaten-down stocks regaining their footing amid a move back into Cyclical areas of the market. The rally in these stocks began after... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, we're going beyond the charts with, well... more charts! Grayson takes viewers on an action-packed tour of seven different StockCharts tools – Seasonality Charts, PerfCharts, CandleGlance, GalleryView, RRG Charts, MarketCarpets, and the Dynamic Yield Curve.... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the continued rotation into Cyclicals while sharing stocks that are in the beginning stages of new uptrends. She also shares how to use intraday charts to trade fast-moving AI-related stocks. This video was originally broadcast... READ MORE
One of my favorite parts of hosting a show on StockCharts TVis being able to interview analysts, traders, and money managers with all sorts of different backgrounds. Recently, I was asked in our mailbag segment about why and how my guests can have very different takes on the markets at... READ MORE
Looking at the monthly charts of the four major indices as we hit mid-June, all but the Russell 2000 are trading above their 23-month moving average. Thus far, this is in line with our prediction that, by the time IWM hits (if it does hit) 190-200 and... READ MORE
What a week the market had! At the start, things looked positive for the S&P 500 index ($SPX). The index finally broke above the 4200 level, the debt ceiling issue was resolved, and the probability of a Fed interest rate pause was relatively high. But on Wednesday, things... READ MORE
On this week's edition of Moxie Indicator Minutes, TG discusses how the market has suddenly awoken, with more names are starting to breakout and participate in the long side after basing for a year. He takes a look at the overall conditions and how he sees the market... READ MORE
Note: For the sake of brevity, this article will take a bullish and long-only approach. If you're interested in going short, you can apply this information, but in reverse. How can you efficiently use the Ichimoku Kinko Hyo (aka Ichimoku Cloud) indicator to find trading opportunities, especially... READ MORE
S&P 500 TESTS AUGUST HIGH...Chart 1 shows the S&P 500 Index in the process of testing important overhead resistance at its August high (flat line). A close above that barrier would be a positive sign. The SPX has now gained 20% from its October low.... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler review the recent breakout from the downward-sloping trendline of the Russell 2000 (IWM) and "Go" trend conditions on the daily basis, and neutral trend conditions on the weekly chart. Picking out several individual equities in the... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how ADX can help us identify topping patterns. Tops can take place in the form of a climax or in the form of exhaustion or momentum loss, and Joe explains how ADX can help to see... READ MORE
It's tempting to think of Bearish Engulfing patterns as the negative counterpart to the Bullish Engulfing pattern because, technically, they sort of are. But the Bearish Engulfing pattern also presents a trading opportunity that's unique to the downside: Stocks tend to fall three times faster than... READ MORE
The US trade deficit widened to a six-month high and by the most in eight years. That means that we imported way more goods while our exports declined. We don't like to use one economic stat as the end-all-be-all, but this strengthens our stagflation... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with a recent "better-than-a-poke-in-the-eye" crypto trade and an open stock position where he's "free rolling", which is the secret to longer-term trading... READ MORE