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Breakaway Gaps: Scanning for High-Probability Trading Opportunities
by Karl Montevirgen,
The StockCharts Insider
Scanning the market for a tradable "event" might get you an express ticket to the "fast money" line of opportunity and risk. Bear in mind that an "event" is something that has already happened. Jumping on the opportunity means you'll be a...
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Empowering Your Trading Journey: Handpicked Trading Books Every Trader Should Read
by Karl Montevirgen,
The StockCharts Insider
As a closing gesture to the end of April, which, as you know, was Financial Literacy Month, we're featuring a few trading books handpicked by some of the most respected traders and technical analysts in the field. These books had a strong impact on the people recommending them,...
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Europe and Japan to the Rescue?
by Martin Pring,
President, Pring Research
Most of the time, when looking at equity markets outside of the US, I focus on the various country ETFs, which are denominated in dollars rather than local currencies. In some ways, this limits my perspective, since currency fluctuations can change some of the outcomes--especially in countries experiencing a...
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Will the Fed Make Gold Shine?
by Geoff Bysshe,
Co-founder and President, MarketGuage.com
Stocks began the day weak—weaker than most traders probably realized. As you can see in the intra-day chart below, short-term momentum, as measured by Real Motion, had rolled on Monday. As a result, when the SPDR S&P 500 ETF (SPY) broke its 30-minute Opening...
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Brace Yourself: The Debt Ceiling is Now on the Horizon
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com
The stock market has had quite a week. First, there was JP Morgan Chase (JPM)'s takeover of First Republic Bank (FRC). Then came the warning from Janet Yellen that the US may hit its debt ceiling as early as June 1. That's a lot to digest,...
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Sector Spotlight: Strong Seasonal Sector Rotation
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
This a packed episode of StockCharts TV's Sector Spotlight; as you'll notice from the different setup, Julius recorded IN the studio at the StockCharts.com headquarters! With the show on hiatus last and this week being the first Tuesday of the month, Julius covers both the...
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When to Buy in May
by Geoff Bysshe,
Co-founder and President, MarketGuage.com
The common refrain, "Sell in May..." gives this month a bad rap, but it doesn't deserve it.
May is historically one of the least volatile months of the year, as measured by its closing average return in the S&P 500 index. Since 1970, its...
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The Halftime Show: Stocks Turning Bullish This Week
by Pete Carmasino,
Chief Market Strategist, Chaikin Analytics
In this week's edition of StockCharts TV'sHalftime, Pete takes a look at the Bullish Percent Indexes, New York Composite, the Nasdaq and the S&P. He then examines large-cap stocks that have turned bullish this week, including one name that has been under the...
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DP Trading Room: Market Holds Its Breath
by Erin Swenlin,
Vice President, DecisionPoint.com
by Carl Swenlin,
President and Founder, DecisionPoint.com
As the upcoming Fed rate announcement nears, investors are holding their breath; on this week's edition of The DecisionPoint Trading Room, Carl talks about what that likely means for the market short-term. He covers the top ten mega-cap stocks, and both he and Erin discuss Banks...
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May Begins A Very Strong Period For Growth Stocks
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
Growth-oriented stocks tend to have their best relative showing vs. value-oriented stocks beginning in May and running through August. Check out the relative seasonal performance of the XLK (vs. the SPY) over the next four months:
If you add the bottom numbers of each calendar month (represents average...
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Setups That I Like Right Now
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
I remain quite bullish the overall market. I call what I see and what I saw in 2022 were stock market participants that turned incredibly bearish. I said at the beginning of 2022 that we needed a bear market brutal enough to send the masses to the sidelines and never...
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Week Ahead: NIFTY Faces Imminent Consolidation; VIX Plunges to 2020 Low
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae
After taking a short breather last week, the markets resumed their up-move and went on to post a decent gain over the past five sessions. In the previous technical notes, concerns were raised about the persistently declining value of VIX and the consequent vulnerability that it lends to the...
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Bank Fear Selloff Gives Way To Earnings Driven Rally - Was Last Week's Shakeout A Positive Signal?
by Mary Ellen McGonagle,
President, MEM Investment Research
The markets began last week with a sharp pullback that pushed the broader Indices toward key support, with many individual stocks breaking below support. The drop occurred amid renewed banking fears after Tuesday, when San Francisco-based First Republic Bank (FRC) reported a slump of more than $100 billion in...
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MEM TV: S&P 500 Regains its Uptrend
by Mary Ellen McGonagle,
President, MEM Investment Research
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the short-, intermediate-, and long term outlook for the S&P 500 after last week's bullish late-week price action. She also examined the Dow's out-performance this month and which stocks...
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Broad-Based Rally Continues: Will It Soar Past Resistance This Time?
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com
A slowdown can sometimes be a good thing. That was the general thinking behind the market when the much-awaited GDP report was released on Thursday. The data showed that the US economy grew less than analysts expected; the overall economy grew 1.1% in the first quarter of 2023,...
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Now That "Stagflation" Has Gone Mainstream
Below is just one of several headlines about stagflation we have seen this week.
From April 27, 2023, TheStreet.com:
"Stagflation Risks In Focus As U.S. Economy Slows, But Inflation Stays High"
"The coveted soft landingis looking increasingly difficult to achieve and we are now getting...
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Six-Month Period of UNfavorable Seasonality Begins Next Week
by Carl Swenlin,
President and Founder, DecisionPoint.com
An interesting Seasonality Timing System was developed by Yale Hirsh of the Stock Trader's Almanac. It was based upon the observation that stock market seasonality is broken into two six-month periods. The favorable period begins on November 1 and ends on April 30. The unfavorable period begins...
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Dancing with the Market
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG takes you inside the Moxie Indicator trading room to show you how he's been navigating this week of large up and down moves. It has been a fun and interesting several days as the market twists itself...
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TRANSPORTATION STOCKS LAG BEHIND INDUSTRIALS
by John Murphy,
Chief Technical Analyst, StockCharts.com
MARKET ENDS WEEK ON A STRONG NOTE... Stocks gained more ground this past week with major indexes moving closer to overhead resistance levels. The market is being led higher by communication and technology stocks. As a result, the Nasdaq 100 touched a new high for the year and is leading...
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What Can We Expect from Stagflation?
The PCE rises (although far from the 8% peak). The GDP falls (is contraction of the economy over?). Meanwhile, stagflation persists along with the trading ranges in indices and many sectors. Plus, the theory we have been expounding on (a 2-year business cycle within a longer 6–8-year...
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Compression-Based Swing Trading
by Joe Rabil,
President, Rabil Stock Research
On this week's edition of Stock Talk with Joe Rabil, Joe shows an approach to swing trading that allows a trader to take smaller risks and, as a result, enter and exit more quickly. The goal is to identify compression developing in a pattern that can offer high...
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The Birth of Ralph Acampora's Brainchild; ARGoN
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
This journey started back in October 2022. After three years of no traveling and four years not having been to the US, it was finally possible to have an in-person event again, or at least partially.
StockCharts.com has been hosting its bi-annual conference, "ChartCon," since...
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How to Trade Big Earnings Gaps
by Geoff Bysshe,
Co-founder and President, MarketGuage.com
Earnings season is often filled with big gaps, and it's easy to look at them as big opportunities to catch a big move quickly. However, it's also easy to get burned by entering trades right before the earnings announcement.
We have a different way to use...
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"Bear Shift" Changes Character of the Market
by Erin Swenlin,
Vice President, DecisionPoint.com
We decided that it was time to come up with a name for Silver Cross Index and Golden Cross Index crossovers their signal lines. We've noticed that Silver Cross Index crossovers are excellent flags to intermediate-term changes in direction.
We've decided to name these crossovers...
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The Wisdom of Jesse Livermore, Part 2
by Dave Landry,
Founder, Sentive Trading, LLC
In this week's edition of Trading Simplified, Dave shows his methodology in action by walking through the ups and downs of a recent trade and why you must follow your trading plan through thick and thin. He also introduced a new mystery chart that shows promise. He then...
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Schwab: Surviving a Banking Bloodbath With a Smile and Swagger
by Karl Montevirgen,
The StockCharts Insider
Charles Schwab (SCHW)'s month-long freefall that started on March 9 was quite a spectacle. It took place amid the Silicon Valley Bank collapse, which triggered a shockwave that impacted the regional banking industry all the way to Wall Street and Main Street.
After the initial hit, SCHW...
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UPSidedown Earnings Sink Stocks
by Geoff Bysshe,
Co-founder and President, MarketGuage.com
Weak earnings and even worse conference calls drove United Parcel Service, Inc. (UPS) and First Republic Bank (FRC) down right from the open, then even lower as the day unfolded. Between these stocks, two of the market's primary fears came to the forefront—a weakening consumer and problems...
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Let Your Scans Do the Legwork: Finding Great Stocks to Trade
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com
April is Financial Literacy Month. As a retail trader or investor, you know the value of education. There's always a new technique, tool, or strategy to learn. Sophisticated scanning tools can help identify stocks that could improve your trading process. Here's an example of using scan...
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Leaders Lost & Laggards Won
by Geoff Bysshe,
Co-founder and President, MarketGuage.com
There's a simple professional trader's tactic for anticipating intraday market reversals near the levels that later become the high or the low of the day. This tactic worked perfectly at calling today's high of the day in SPY (and the QQQ, IWM, and DIA)...
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Three Charts I Am Watching Closely for a Verdict
by Martin Pring,
President, Pring Research
Charts have always fascinated me, so I plow through a lot of them in the course of a typical week. To me, breakouts hold a similar buzz as a striker scoring a great goal from the edge of the penalty box in soccer. To boot, I do not see any...
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DP Trading Room: Long-Term View of the Dollar
by Erin Swenlin,
Vice President, DecisionPoint.com
by Carl Swenlin,
President and Founder, DecisionPoint.com
On this week's edition of The DecisionPoint Trading Room, Carl, as always, opens the show with a market overview, but, in this episode, spends extra time looking at the Dollar in all three timeframes. He also reviews key indicator charts which favor a intermediate-term market top on...
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The Halftime Show: Under the Hood -- Short Interest Gainers and Losers
by Pete Carmasino,
Chief Market Strategist, Chaikin Analytics
In this week's edition of StockCharts TV'sHalftime, Pete takes a look under the hood at some "factor" movers, based on the Chaikin Analytics rating system. He highlights some short interest movers, including gainers and losers. He also takes a look at some hot lists,...
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SMH Bulls are Skating on Thin Ice
by Geoff Bysshe,
Co-founder and President, MarketGuage.com
Heads up, you wouldn't know it by looking at its daily chart, but the SMH is skating on some very thin ice.
Since the market's lows in October 2022, the SMH has been one of the recent bull rally's earliest and most influential supporters,...
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Is The Bear Market Over? Watch The VIX
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com
The normal relationship between the Volatility Index ($VIX) and the S&P 500 is an inverse one. The easiest way to illustrate this is to pull up a chart showing both and their correlation coefficient:
The red arrows mark bottoms in the S&P 500 and they generally...
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Week Ahead: Approach Markets on a Highly Cautious and Selective Note; VIX Breaches 2021 Low
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae
After ending with gains for three weeks in a row, the markets took a breather this time by ending modestly in the red. In the previous technical note, it was mentioned that the NIFTY is not only over-extended on the shorter timeframe charts, but the VIX is also hovering...
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Three Charts Suggest Pullback Imminent
by David Keller,
President and Chief Strategist, Sierra Alpha Research
The major equity averages have stalled out in recent weeks, trading up to their February highs but unable to muster enough positive momentum to push to new swing highs.
The key question as we continue through earnings season is whether there will arise a catalyst to propel the S&...
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MEM TV: Leadership Emerges in a Flat Market
by Mary Ellen McGonagle,
President, MEM Investment Research
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen highlights what areas are outperforming the markets and why. She also reviews top gaining stocks for the week and the best way to capitalize on further upside potential.
This video was originally broadcast on April 21, 2023. Click...
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3 Signs Tesla Stock Was Breaking Down: Did You See Them?
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com
When a stock you don't own keeps going higher and higher, you probably feel regret for not buying it when it was still affordable. It's not unusual for traders to feel that way. But the reality is that no stock keeps moving up forever. Looking back...
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The Easy Way to Review Different Charts for the Same Symbols
by Grayson Roze,
Chief Strategist, StockCharts.com
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson explores two crucial features on the site – ChartLists and ChartStyles – and shows you how to quickly apply different sets of indicators and chart settings to the same list of symbols without typing them one at a...
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We Called the Pullback
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG explains how the Moxie trading room was well positioned for the drop of the market today. Having notified subscribers that there was likely to be a bounce and exactly where it would go, TG saw it work out perfectly,...
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