In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the primary drivers of this week's rally, as well as which sectors have moved into an uptrend. She then shares the next area of possible upside resistance. This video was originally broadcast on October 28,... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson shares how to automate some of your portfolio tracking routines. Starting from scratch, he'll walk you through creating a sample portfolio using a ChartList, then show you how to set that portfolio up with... READ MORE
GDP data painted a somewhat roseate picture for the US economy this week. Yet inflation is still rising. The PCE price index climbed by 0.3% in a month and was up 6.2% from the prior year. Still very far from the Fed's 2% inflation target. Consumer... READ MORE
Bruce Fraser joined me on The Final Bar this week and shared a thought-provoking point & figure chart of the S&P 500 index. With the recent upswing, you can use a horizontal count to identify potential upside targets for the bear market rally. (Yes, I am still labeling... READ MORE
DOW TESTS 200-DAY LINE... October has turned to be a strong month for the market, and industrials in particular. Chart 1 shows the Dow Industrials reaching a two month high and trying to close above its 200-day moving average. The Dow has gained more than 5% for the week and... READ MORE
On this week's edition of Moxie Indicator Minutes, TG discusses how nearly every big cap tech name got crushed on earnings this week which has weighed heavily on the QQQ. However, the IWM and DIA have done quite well with SPY in the middle. Will the market be... READ MORE
While current technical conditions are "iffy" at best, I want to point out that we have just entered THE most bullish historical period of the year. The S&P 500 and NASDAQ can be broken down into 3 lengthy historical periods, in my view - the good,... READ MORE
I don't think I have offended anyone in quite a while and feel I'm not doing my job if I don't try to periodically; so here goes! Often a simple mathematical series of numbers can sometimes get misinterpreted (promoted) to be something magical. My... READ MORE
This week, it is crucial for traders to maintain the overall macro firmly in their vision. We are keeping an eye on the indices, currency movements, the PCE print, and the GDP statistics. We also closely follow the small caps this week, the Russell 2000 (IWM), and the patriarch of... READ MORE
Today, we saw a large decline in mega-cap names Microsoft (MSFT) and Alphabet (GOOGL) after both companies reported earnings and sales that were well below estimates. Citing a strong dollar and high inflation, among other factors, both companies warned of slower growth going forward amid a tough environment. Adding to... READ MORE
When I am looking at a downtrend of a specific market that has been in existence for a while, I often ask myself which components might be on the verge of an upside breakout and could therefore lead it higher. Conversely, I have to ask if there are any downside... READ MORE
This week is a big week for earnings. Furthermore, PCE and GDP prints will also be closely watched. This week will be important in determining the tone leading to the Fed meeting next week and the midterm elections on November 8. As many investors will be watching tech earnings, many... READ MORE
I don't like it when parts of a puzzle don't match. You just don't get a clear picture. As participants in the markets, we are trying to solve the puzzle of the markets every day/week/month, and at the start of every new... READ MORE
I made a bold bottoming call on June 16th, just prior to a massive 700-point rally in the S&P 500. I didn't see the recent drop and double-bottom coming, however. Now that we've seen it, has anything changed? Are my signals still bullish? For... READ MORE
After taking support near the key levels on the charts, the NIFTY finally resumed its up move, ending the week on a decently positive note. The last three weeks had seen the index taking support at its 20-Week MA; now, the NIFTY is above all the key moving averages. The... READ MORE
When someone sends me a ticker to review, the first thing I do is bring up my standard two-year daily chart on StockCharts. And the very first question I ask myself is always the same: is this chart in an accumulation phase or a distribution phase? Now that is a... READ MORE
The markets posted an impressive rally this past week as a lack of inflation-related economic data had investors focused instead on quarterly earnings reports. While not all companies posted strong results -- think Tesla (TSLA) -- a majority came in with positive earnings surprises that were greeted with heavy buying... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson loves using StockCharts ACP overall, but to be honest, his favorite part of ACP can be found on the right side of the screen - the sidebar views! Today, he's going to show you... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews what's driving the markets higher and what to be on the lookout for next week. She also shared Group and Sector rotation taking shape. This video was originally broadcast on October 21, 2022. Click on... READ MORE
With the market on the cusp of a rally, we thought it time to walk through our Silver Cross Index (SCI) and Golden Cross Index on the broad markets (SPX, NASDAQ and NYSE). Before we look at each chart, let's review what Golden and Silver Crosses are. Most... READ MORE
According to recent PPI and CPI prints, inflation has plateaued. Some analysts will argue that inflation has hit its zenith. However, what if one of the next catalysts to even higher inflation is spurred by the potential and recent peak in the U.S. dollar? Looking at the price chart... READ MORE
SHORT-TERM REBOUND CONTINUES... Stocks are ending the week on a positive note and continue to show signs of having formed a short-term bottom. The daily bars in Chart 1 show the S&P 500 building on the gains that started the previous week. Sbort-term momentum indicators like the RSI... READ MORE
On this week's edition of Moxie Indicator Minutes, TG shares that there are indications that the market is trying to hammer out a near-term bottom in order to meet up with the Daily 50-SMA. He is unsure of how that path will unfold, other than price and D50... READ MORE
The seasonal patterns for October and yearend are quite positive, but seasonality is just one aspect of broad market analysis and the weight of the evidence remains bearish. The histogram below shows the seasonal patterns for the S&P 500 over the last twenty years. Five of the twelve... READ MORE
I have a feeling that most of you would say "Yes, there's no way we've reached bottom." Let me start by saying that calling tops and bottoms is GREAT if you get it right. For me, it's not about calling every stock... READ MORE
In this week's edition of the GoNoGo Charts show, Alex and Tyler take a look at some stocks that had big moves around earnings this week, including AT&T and IBM. Alex also runs through an example (Netflix) of using information from traditional technical analysis (in this... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how he uses 2 simple MA lines to tell when we should be thinking BUY and when we should be thinking SELL. Employing this technique can dramatically improve your timing on entry and exits. He then... READ MORE
Last week, I suggested that some unusually bullish outside bars, in conjunction with positive short-term momentum and a favorable seasonal going into year-end, could trigger a worthwhile rally. That does not make me wildly bullish, because I still think we are in a bear market. When my long-term indicators turn,... READ MORE
The Grandaddy Russell 2000 rallied close to its 200-week moving average (topic of our previous article) yesterday. On Wednesday, with rising yields once again, Gramps retreated. In a bullish scenario, IWM continues to consolidate and rally in the coming days and weeks, eventually breaking through the 200-week moving average and... READ MORE
On this week's edition of Trading Simplified, Dave discusses where we are based on market timing and shorter-term signals to watch for--signals that that would suggest the beginning of a bottom. He also presents his methodology in action by revealing a mystery chart and showing a new one.... READ MORE
On rare occasions stock indexes become delicately balanced between two profoundly differing scenarios. This currently seems to be one of those junctures. The most recent Power Charting TV episode explores this existential moment. Stock indexes have been in a mega-bullish upward stride since 2009. The pace of this advance has... READ MORE
The 200-week moving average (about 4 years), represented on the charts as a green line, is starting to look like one of the more important and pivotal chart points. There is very little written about the 200-WMA. But only once, in 2007, did the SPY break its 200-WMA, for a... READ MORE
After one week of hiatus, I'm back with a new episode of StockCharts TV's Sector Spotlight. I'll be catching up with a refresher on asset class rotation, as well as sector rotation. In the AC segment, I point to the still-inverted yield curve and... READ MORE
In March 2021, lending money to the US Government for ten years would give you a return of around 1.7%/ann over the next 10 years. Lending money to the government for 2 years at the same time would give you roughly 0.1%/ann for the next 2... READ MORE
The 200-week moving average or about 4-years, represented on the charts as a green line, is starting to look like one of the more important and pivotal chart points. Although there is very little written about the 200-WMA, only in 2007 did the SPY break its 200-WMA for a period... READ MORE
On this week's edition of The DecisionPoint Trading Room, after looking closely at the market and new positive divergences on DecisionPoint indicators, Carl opens a CandleGlance of the Dow 30 and discusses which stocks look the most encouraging. Erin dives into four sectors and their industry groups to... READ MORE
I love trading during options expiration week. It's the one time when I have a pretty good idea of which market direction would likely benefit market makers. It doesn't provide us a guarantee, but, in my opinion, does tilt the odds heavily in our favor. I... READ MORE
By all accounts, it's been a very difficult year. There were plenty of stock market warning shots fired in December 2021 and we're now paying seeing the carnage. While the current environment is dangerous, it's no time to rest on our laurels. There'... READ MORE
Despite the scale of volatility represented by gaps over the previous days, the NIFTY has by and large maintained its crucial support levels on the weekly charts. The previous technical note mentioned how the Index has created and maintained its crucial support; it managed to keep its head above these... READ MORE
It was a wild ride on Wall Street this week, with stocks swinging wildly in both directions before closing overall a little lower for the week. The CPI data indicates inflation is entrenched in the economy, squeezing household real income, and is a significant concern for businesses. This year also... READ MORE