Shares of Nvidia (NVDA) soared today after the company reported earnings that were well above estimates. Most impressive, however, was the company's estimates for next quarter's revenues, which were more than 50% above what Wall Street projected. NVDA cited surging demand for its chips that help... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe tries to simplify the ADX indicator by showing how it will help to determine what you should be doing - pullback or breakout. He then explains how to use these tools in multiple timeframes to improve timing and... READ MORE
Hershey's stock has pulled back. If you missed a previous opportunity to own the stock, this may be your second chance. Explore a few simple technical analysis tools that can help determine if the stock presents a buying opportunity. Are you bummed out that you missed a stock... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with a recent crypto and stock trade, where he's "free rolling," which he notes is the secret to longer-term trading success. He then resumes his series on the wisdom of... READ MORE
Above is an AI image to illustrate that while, on Monday, Granddad Russell (IWM) was offering a helping hand to his wife Granny Retail (XRT), today they both looked more vulnerable. Just as the S&P 500 failed to clear its 23-month moving average, we are hoping that... READ MORE
The Consumer Staples sector closed below its key 50-day moving average yesterday and is on track to be the worst-performing area for the week. This underperformance began last week and took place along with other defensive areas of the market, such as Utilities and Healthcare. At first glance,... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I look at sector rotation while breaking down the universe into offensive, defensive, and sensitive sectors. I then zoom in on the groups that make up the technology sector and some of the stocks in them, where I find a... READ MORE
May is Asian American and Pacific Islander Heritage Month. In recognition of the AAPI community, StockCharts spoke with a few individuals in the financial community about how their experiences, challenges, and heritage helped shape their careers in finance. Jonathan Lin, CMT, CFA, Chief Strategist at JL Market Technicals, has spent... READ MORE
There are many who have given up on the small cap community, but I'm not one of them. The long-term 15-year chart remains in a solid uptrend. Yes, the group has been underperforming the S&P 500 for quite awhile, but that's been... READ MORE
Just look at the March lows in Granddad Russell 2000 (IWM). And now look at the March lows in Granny Retail (XRT). So who is right? IWM has moved up for the March lows and, to start the week, took the lead. It cleared the 50-DMA in price, and... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl opens the Trading Room with a discussion on what the Advance-Decline Line is and how it is calculated. Importantly, he shows us how best to use it. Erin dives into the Energy Sector (XLE) and covers the... READ MORE
A couple of weeks ago (early May), the price of spot gold reached a high of $2085 an ounce, nearly challenging its all-time high of around $2089 last reached in 2020. Since then, gold's had a rough ride. Last week, prices plummeted almost $30 per ounce thanks... READ MORE
It was the culmination of many months of accumulation by Wall Street firms. I've discussed this accumulation, or manipulation, over and over and over and indicated that it was the likely precursor to a big stock market advance. I've updated a chart of the QQQ (ETF... READ MORE
After rising three weeks in a row, the Indian equities took a breather, ending the week on a negative note much on the anticipated lines while resisting the key levels. There has been a slight divergence between the Indian markets and the global markets. Structurally speaking, SPX and other key... READ MORE
There is a compelling argument for a possible change in trend direction for VALIANTORG.IN. The stock has a relatively brief listing history on the NSE. However, upon analyzing the weekly chart, it appears that, after a significant decline, the stock might be in the process of reversing its trend.... READ MORE
Earlier this week, I completed a "clean slate" exercise on the S&P 500 chart. You see, my charts become pretty busy over time, because I draw lots of trend lines and put notes on the charts as well. Basically, I consider charts to be the way... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson gives you a quick tour of the StockCharts Advanced Charting Platform, ACP, and then highlights five of his favorite interactive features throughout the platform. You'll learn how these dynamic controls can streamline your charting... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews buying opportunities after last week's break of the markets above its six-week trading range. She also highlights leadership areas and the best ways to capitalize. This video was originally broadcast on May 19, 2023.... READ MORE
Quite the difference two days will make! Positive news about the debt ceiling reveals what the market was waiting for. But even before that, many names have been quietly building strength. On this week's edition of Moxie Indicator Minutes, TG takes a look at what the higher time... READ MORE
Considering our bearish outlook, this week's rally has been hard to watch; however, the configuration of the Silver Cross Index* (SCI) continues to show how this rally may ultimately fail. On the chart below, we can see in 2022 the market fell off the all-time price high,... READ MORE
We started out this year thinking that the economy stagnates, and inflation has a second wave or a super-cycle. At this point, with 5 months into the year, the recent economic stats still support that our economy is contracting. But those numbers are looking back not forward. Risk factors... READ MORE
In honor of Asian American and Pacific Islander Heritage month, StockCharts spoke with a few individuals in the financial industry to hear about their challenges and experiences that have helped shape their careers in finance. Tony Zhang, Chief Strategist at OptionsPlay, started in the financial industry at a very young... READ MORE
BIG TECH STOCKS LEAD MARKET HIGHER... The largest stocks in the technology sector saw big gains during the week. That pushed the Invesco QQQ Trust to the highest level in more than a year as shown by the weekly bars in Chart 1. Technology and Communication Services SPDRS were the... READ MORE
Chartists can find leaders by ranking ETF performance in ATR multiples, and there is even an indicator for that. Normalized-ROC puts point performance in ATR multiples and we can compare these values against others. Current Normalized-ROC leaders include the Home Construction ETF (13.37), the Technology SPDR (6.... READ MORE
This week I wrote a Daily on USO, the US Oil Fund. Plus, I did a video for CMC Markets on those 2 commodities plus on Dollar pairs with Yen, Euro, British Pound. I wrapped things up with a look at Lithium (another Daily this week) plus a look at... READ MORE
Fading an overextended market move is always tricky. Risky too. To go long on something you estimate is oversold, or to go short on an asset you think might be overbought, means capitalizing on a market sentiment misstep. And it takes guts to make a contrarian trade—you're... READ MORE
In the last couple of months, we have seen a number of analysts and commentators point out that the current rally has been led by a handful of large-cap tech stocks and is therefore suspect. That observation suggests this week's extension to the advance is doomed. It&... READ MORE
In this edition of the GoNoGo Charts show, drilling into the equity landscape, Alex & Tyler share a GoNoGo Sector Relmap to find the sectors outperforming the rising S&P500. Leadership is now squarely focused on growth equity sectors – XLK, XLY, XLC – information technology, consumer discretionary, and communications are... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how to use the 18- and 40-SMA lines to define the trend in multiple timeframes. He explains what defines a trend, no trend as well as a transitional phase. He uses MSFT and TSLA for... READ MORE
Bitcoin bears currently hold a slight edge in the ongoing technical tug-of-war for prices. The 'OG' crypto is about to break below a two-month support level, leaving BTC bulls scouring the next series of local lows either to scoop up more of the crypto or... READ MORE
There has been a lot of talk recently about diversifying away from the dollar and it potentially losing its reserve status. The primary trend of the Dollar Index may be bearish, but the longer-term charts do not agree; they suggest that the dollar's death is greatly exaggerated.... READ MORE
The four ratio indicators track key intermarket relationships which identify risk on/off market conditions. These indicators can be used together to confirm or identify the strength of the core risk on/off indicator, which is the S&P 500 v. Utilities. These charts come from our Big View... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action with a recent Crypto trade where he's "free rolling." He also discusses how that's the secret to longer-term trading success. He then resumes his series on the wisdom... READ MORE
The NYSE FANG+ index $NYFANG holds ten of the largest stocks in the US. 1. Alphabet - GOOGL 2. Snowflake - SNOW 3. META Platforms - META 4. NVIDIA Corp - NVDA 5. Amazon - AMZN 6. Microsoft - MSFT 7. Advanced Micro Devices - AMD 8. Apple - AAPL 9. Netflix - NFLX 10. Tesla - TSLA The index... READ MORE
Most associate lithium with EV usage. The largest holding in the Global X Lithium ETF (LIT) basket is Albemarle Corp. (ALB). The US-based company isn't purely a lithium business. It also produces chemicals related to petroleum refining and consumer electronics. Interestingly, Tesla (TSLA) is a holding in... READ MORE
Amazon's stock price is starting to show some momentum. Will the stock break above its February high and ride to its next resistance level? Keep an eye on its SCTR score. If it stays above 70, this could be a nice ride. The StockCharts Technical Ranking (SCTR) scan... READ MORE
In this week's edition of StockCharts TV's Sector Spotlight, I take a look at developments on asset class level and more specifically, the USD and BTC. I then compare current cap-weighted sector rotation with its equal-weight equivalent to find some interesting differences. Finally, I... READ MORE
Over the weekend, Carl decided to put together the chart below. We often make comparisons between the SPY and its equal-weight sibling, RSP. By determining divergences between the two ETFs, we can see whether the mega-cap stocks are leading the charge or whether a rally is supported by... READ MORE
In the dynamic world of market prices, timing is often everything. Knowing when to buy or sell is key to a successful trade. But how can you identify the opportune moment to make a move? One strategy many traders embrace involves focusing on stocks breaking their 52-week highs. This... READ MORE
USO, the US Oil Fund ETF, invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. Essentially, the top 6 holdings are crude oil futures from May to August--which, like futures, will continue... READ MORE