MORE NEGATIVE DIVERGENCES... My message from a couple of weeks ago showed various measures of market breadth failing to keep up with the S&P 500 which suggested that the current stock rally was on weak technical footing. Unfortunately, that situation hasn't improved. A number of breath... READ MORE
In this edition of the GoNoGo Charts show, even with earnings kicking off, trading activity this week has been remarkably quiet. Alex and Tyler review some of the key lessons shared in their StockCharts TV special "Embracing Volatility" and how we as investors can profit from volatility compression... READ MORE
Trend-momentum strategies trading ETFs were appealing because they generated lower drawdowns and decent returns. Trend-momentum strategies trading stocks, in contrast, were often subject to higher drawdowns, though returns were higher. While I cannot speak for all ETF strategies, my experience shows that ETF strategies have lost their low-... READ MORE
We've been watching and waiting for our IT indicators to turn down in overbought territory, and today they did. Add to this a topping Price Momentum Oscillator (PMO), a downside initiation climax, topping Swenlin Trading Oscillators (STOs), and numerous negative divergences, and you have a recipe for a... READ MORE
On Thursday morning, April 20th, I began the day with the crew at the Benzinga PreMarket Prep show. We (Joel and Mitch) covered a lot, but the focus remains this persistent, rangebound market. I've used many different moving averages consistently through the years. This year, the monthly moving... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows a MACD divergence signal that takes place in the direction of the trend. He explains how there are other hints to know when this pattern is getting ready to trigger using MACD zero line and ADX.... READ MORE
Three beef-slinging behemoths are about to go toe-to-toe in an all-out brawl for supremacy over the grease-stained domains of Burgerdom. Opening Moves McDonald's (MCD) has deployed its long-slumbering anti-hero, the Hamburglar, to introduce its new menu lineup. Jack in the Box... READ MORE
Regional Banks (KRE) made a comeback during the session. The price pierced the 44 resistance level and closed above the last 18 trading day's range. On March 6th, over a month ago, I wrote a Daily called "Retail and Regional Banks Will Call the Shots". At... READ MORE
Aerospace and defense stocks seem to be busting through turbulence. Lockheed Martin (LMT)'s better-than-expected earnings helped push its stock price higher, and the positive news added upside momentum to the aerospace and defense industry. So it shouldn't be surprising that the Industrial sector, using... READ MORE
Chart 1 below shows that, on a monthly close basis, gold broke out from a large consolidation formation in March. It has built on that move in the first part of April by moving slightly higher. The implication is obviously for higher gold prices, once the overbought condition laid out... READ MORE
After recent price cuts and low expectations of only $0.85 per share or a 20% drop since a year ago, many eyes will watch Tesla (TSLA) after the close. Tesla, always controversial, can either beat those low expectations and provide a low-risk buy opportunity against major moving averages,... READ MORE
On this episode of StockCharts TV's Sector Spotlight, I evaluate the current state of the Sector Rotation Model. Each quarter, I take the elements of the Model, as described by Sam Stovall, and use the charts of four macroeconomic indicators and the monthly RRG to determine where the... READ MORE
If you plan on running up that hill, a pair of Nikes (NKE) could be the right fit for the task. But now, Nike is tackling a similar scenario, running up a Three Rising Valleyspattern—three consecutive higher lows (more on that later). Does the company have enough momentum to... READ MORE
Over the weekend, we covered the weekly charts of the Economic Modern Family. And... Given that yields begin this week higher. Given that earnings season kicks into gear with banks, the weakest sector so far, surviving. Given that the seasonality of April point bullish for the S&P 500.... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete takes a look at the Chaikin system, along with StockCharts tools, to make sense of what's happening in the markets this week. A lot of FED speak is on tap, and tumult abounds. The bond market... READ MORE
How is the overall stock market looking as of the end of last week? Let's take a look at the GoNoGo Asset map below. Equities remain in the "Go" trend as we start the new week. Treasury bond prices are likewise in a strong "Go,... READ MORE
There are plenty of reversing patterns in technical analysis, but my personal favorite is the combination of a weekly positive divergence and a bottoming head & shoulders pattern. The positive divergence captures the slowing downside momentum and the head & shoulders provides confirmation that prices are indeed turning up. Keep... READ MORE
The Indian equity markets extended their gains for the third week in a row; however, they have ended up getting a bit over-extended on the charts. All four trading sessions in the shortened week ended in gains; in fact, NIFTY has closed with gains for nine sessions in a... READ MORE
The stock market remains in an uptrend after modest gains for the week, which occurred amid signs that the economy is slowing down while inflation is cooling. It was a period marked by large intraday moves, however, as investors digested news that Fed officials are anticipating a mild recession later... READ MORE
A number of my recent conversations on The Final Barhave related to the conflict presented in the markets in April 2023.Classic measures of market trend, from the Coppock Curve to the Zweig Breadth Thrust to my own Market Trend Model, are all giving a strong positive signal on trend... READ MORE
Admittedly, numbers are sexy. Think about how much focus all the economic stats that came out this past week got on all media. Each one was the defining one for the markets and economy, according to the talking heads. CPI and PPI softer? That's it, inflation is over.... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the market's price action and which sectors are outperforming as inflation fades and the economy weakens. She also shares the sharp impact that earnings are having on select stocks. This video was originally broadcast on... READ MORE
On this week's edition of Moxie Indicator Minutes, TG shows how he has had a bullish lean to the markets and how that has been setting up with the indexes and a few tickers. The market seems to have liked the PPI report, and so Thursday was a... READ MORE
GOLD RALLY STALLS AT OVERHEAD RESISTANCE... Gold has risen to the highest level in a year and has been attracting a lot of attention lately. Gold is traditionally viewed as a safe haven asset when investors are concerned about the state of the economy in an inflationary environment. The weekly... READ MORE
Overbought and oversold conditions are tricky because stocks can become overbought/oversold and remain overbought/oversold as the move continues. This is why traders need another indicator or chart signal for confirmation. Today's article to look at some recent overbought/oversold conditions and use the PPO for timing.... READ MORE
For today, please enjoy a video taking you through the ever important energy and chips sectors along with the 23-month moving averages in the 4 indices. For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn... READ MORE
Mean reversion is the opposite of trend following. Investment strategies that leverage this occurrence, look to profit on countertrend moves. After an extended price move, asset prices can return to normal or average levels, either within a trading range or within standard deviations of a moving average or trend line.... READ MORE
It's all about inflation and earnings. Will the Fed continue to raise interest rates after two key gauges of prices came in lower than estimates? After the recent regional bank fallout, will bank earnings be strong enough to lift the Financial sector out of its doldrums? The government&... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how he uses multiple time frames to reduce risk and improve timing when swing trading. He explains what qualifies as a setup, what to look for as a trigger, and how to use the upper timeframe... READ MORE
The Complete Trader, which we have featured in previous Dailys, is one of my favorite go-tos for trading ideas. The columns help determine the trade setup. For example, an "Inside Day" that is also in a bullish stock phase. Also a narrow range that shows a narrower... READ MORE
Occasionally, the stock market gets hit with unpredictable black swan events. These throw the market into panic mode and send investors rushing to sell their positions. It can be a terrifying experience for individual investors and traders. Wouldn't it be great to see market volatility ahead of time?... READ MORE
Have you ever wondered what a trader does during a trading day? This is the episode for you! In this week's edition of Trading Simplified, Dave walks you through his daily routine, from waking up until bedtime. He also shares a setup that triggered in his "Methodology... READ MORE
On this episode of StockCharts TV's Sector Spotlight, I put the spotlight on Energy, starting off with a look at the rotation of various commodity groups and a focus on the group of Energy-related commodities. Following this assessment, I move to the Energy sector and the stocks... READ MORE
Junk bonds are high-risk, high-yield bonds issued by companies with lower credit ratings. These bonds are also known as speculative-grade bonds or high-yield bonds, as they offer a higher rate of return than investment-grade bonds, but come with a higher risk of default. Companies that... READ MORE
Bitcoin is something of a paradox. Its name suggests a single and unified "object" (a type of cryptocurrency), yet it's essentially an umbrella term mixing together several conflated and perhaps conflicting views. In other words, there's a lot of sentiment and speculation surrounding a... READ MORE
The daily RRG for US sectors is showing an interesting picture. Out of all eleven sectors, only four are on a negative trajectory. Industrials is inside the lagging quadrant at a very short tail, and more or less in a static position, which means that the sector is in a... READ MORE
The chart shows how many days have passed since any significant rain in the major crop growing regions in the U.S. Initial yield estimates for this year's U.S. winter wheat crop have been hammered by persistent drought. 12 Southwest Kansas counties dominate the area of drought.... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl opens with a discussion of Regional Banks and gives us a link to a video that explains the safety of brokerage versus savings account insurance. He also covers why we use relative strength of the SPY v. the... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete shares some lists available to Chaikin Analytics subscribers and shows how the signals are reacting to current events in the market. He also shares some names that are giving relative strength sell signals, and how he's... READ MORE
Wyckoff analysis of this essential commodity is currently revealing. The trend of Crude Oil has a major influence on not only most sectors of the stock market, but it is also a key cost input for the production of almost all goods, services, and other commodities. Since March of 2022,... READ MORE