On Thursday, the S&P 500 index opened around 3500, which is a fairly significant level. That price point represents a 50% retracement of the 2020-2022 bull market phase. Was I surprised to see a bounce off the 50% retracement level? Absolutely not. As Katie Stockton shared on The... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen shares the next area of possible support for the markets. She also reviews what's driving these markets lower and what we'll need to see to stem the losses. Lastly, she highlights areas of strength... READ MORE
NO UPSIDE FOLLOW-THROUGH...Stocks are being sold again on Friday following Thursday's impressive upside reversal. The daily bars in Chart 1 show the S&P 500 reversing upward on Thursday after falling to another bear market low. And it did so on heavy volume. The fact that... READ MORE
On this week's edition of Moxie Indicator Minutes, TG explains that, while the market did gap down on the hot CPI number, that gap sparked a strong short squeeze all day on 10/13/22. That's all well and good, but can it sustain? Was it... READ MORE
On the weekly Relative Rotation Graph, the tail for XLF has just crossed over into the leading quadrant while keeping up its rising relative momentum. This makes the financials sector one of the leading sectors in the market at the moment. In the past week, XLF picked up 2.62%... READ MORE
Thursday's price action began bearishly with the probing of recent bear market lows. By the end of the session, the DJIA, along with several other markets, totally encompassed Tuesday's trading range and then some, in a one-day pattern known as an "outside day". To... READ MORE
In a highly volatile morning, markets reacted to an upside surprise in both PPI and CPI inflation data. Annualized inflation remains at 8.2% in the US and the S&P 500 gapped lower at the open. Despite a magnificent rally back into positive territory by midday, the trend... READ MORE
On this week's edition of Stock Talk with Joe Rabil, explains how he learned the indicators he employs. He discusses how the indicators should be learned independent of one another and how they can then form a weight of the evidence. He then covers the stock requests that... READ MORE
The following chart shows us the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an... READ MORE
Earnings season for the 3rd quarter has begun, with PepsiCo (PEP) reporting earnings and sales results today that were above estimates, despite recognizing a $1.4B charge related to its withdrawal from Russian markets. Even more important for investors is the fact that management raised their guidance for organic revenue... READ MORE
One of the most important first steps towards trading success is to tilt your trading towards trending sectors that display strength and avoid market weakness. A very helpful tool for understanding the underlying forces driving trends is Mish's Modern Economic Family, a simplified economic market model. The Family... READ MORE
In this exclusive StockCharts TV special, Larry talks about how inflation has been the driving force in the markets. Where are we now, and what is about to happen? Larry uses the Cycle Theory, Crude Oil, P/E, the Presidential Cycle and more to determine where the markets are likely... READ MORE
On this week's edition of Trading Simplified, Dave continues to show his methodology in action with a new mystery chart. In his "Mind the Trade" segment, Dave discusses why you must manage your expectations when trading. He then continued his discussion on "your mind on... READ MORE
There is no doubt that investors are attracted by positive performance. Unfortunately, most investors stop there and never accomplish the due diligence to confirm that the returns are meaningful. In most cases they usually place entirely too much emphasis on performance without putting it into the context of the market... READ MORE
With the potential of a full recession looming in the coming quarters, investors are looking for defensive plays, such as dividend-paying stocks and businesses more resilient in economic downturns. Looking at Tuesday's market close, XRT, a.k.a. Granny Retail, was up 1.1%, along with Costco (1.... READ MORE
The S&P 500, represented by the SPY, has generally stayed above the 200-week moving average long-term. It is a good line in the sand to use as a guide for potential market crashes. Bear market declines are primarily responsible for the few occasions when the SPY dipped to... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl goes into detail on how DecisionPoint Climax Analysis works. Climax identification can give you clues into market behavior for the next few days, but it is more than that. Meanwhile, Erin covers sectors and dives into industry groups... READ MORE
Wall Street sold off dramatically on Friday after the jobs report. While the economy is stagnating, many investors are concerned that the Fed will raise rates too quickly, pushing the U.S. economy into a deep recession. It is good to stay current on the unemployment rate and Fed policy.... READ MORE
In the previous technical note, we mentioned how the Indian equities stayed in a defined range, as they traded within the defined corners while respecting basic technical levels. In the week that has gone by, the NIFTY once again made measured moves, continuing to strongly inherit buoyancy from the US... READ MORE
The pickings are extremely thin in the markets because the vast majority of groups are in downtrends. TrendInvestorPro tracks trend signals in 274 ETFs. This list include 170 stock-based ETFs, 18 fixed income ETFs, 17 commodity ETFs, 9 currency ETFs and 60 non-US ETFs. Only 14 (5.1%) of the... READ MORE
STOCK INDEXES GAP LOWER... Stocks are selling off sharply following this morning's September job report which came in a bit stronger than expected. That may be a case of good economic news being bad for stocks because it keeps the Fed on its path of higher interest rates.... READ MORE
Just when it seemed that oil was peaking, OPEC breathed new life into the commodity this week by threatening a sizeable production cut. That does not change the overextended nature of the longer-term indicators. Nevertheless, it does hint that oil prices and their related stocks may be on the verge... READ MORE
In this week's edition of the GoNoGo Charts show, Alex Cole runs through the markets, discussing the major asset trends and macro drivers that affect equity prices, such as Treasury rates, Oil prices and the dollar. Alex looks at the S&P 500 in some detail to... READ MORE
As predicted, and as we wrote about yesterday, oil prices continued to climb in anticipation of an OPEC+ production cut. Reports confirmed today that OPEC+ will cut production by 2 million barrels a day. The Strategic Petroleum Reserve (SPR), which the Biden administration has tapped to ease gas prices, has... READ MORE
In this special presentation from StockCharts TV'sThe MEM Edge, Mary Ellen highlights the unique characteristics of a new bull market, along with the precise signals that alert you to when it's safe to invest for the long term. She also reviews ways to capitalize on bear... READ MORE
It's no secret that gas prices significantly impact the economy, discretionary spending and stock market prices. Gas prices were at record highs following an incredible run-up over the summer and have declined steadily until recently, as represented by the United States Gasoline Fund (UGA). Treasury yields have fallen,... READ MORE
In this week's edition of StockCharts TV's Sector Spotlight, for the first show of October, I address long-term trends using monthly charts. In line with the longer-term perspective of this show, I start both the asset class and the sector rotation segments with a side-by-side comparison... READ MORE
We currently have high inflation, a rising US dollar, and massive global interest rate hikes that have hammered stocks. Investors have lost approximately $24 trillion in value destruction for 2022 already. The good news today is that it appears a short-term bottom has been reached, and a potential rally is... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl discusses the implications of short-term vs. intermediate-term indicators' reactions to last week's rally and what they will likely look like after today's rally. Good stuff on the charts right now! Erin dives into... READ MORE
In a week that was volatile for the Indian markets, the NIFTY50 index oscillated in a 448-point range before ending with a net loss. In the previous week, the NIFTY had closed above the 50-Week MA, which is presently placed at 17100; the index slipped below this point and bounced... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson gives you a quick preview of ChartCon 2022 and what to expect in this two-day event, running October 7-8. He summarizes the highlights, walks you through the agenda, and shows how you can save your seat... READ MORE
OK, so we know the market is going down. And, save for a mid-summer bear market rally, the S&P 500 and Nasdaq have been in fairly consistent downtrends. Last week, I highlighted the extreme bearish readings in the AAII Survey(it's worth noting that this weekNAAIM... READ MORE
It is crucial to prepare for adjustments in Fed policy and the credit markets, and adjust your trading accordingly, given the persistence of high inflation. As seen above, The Fed-preferred inflation gauge (core PCE) remained elevated at 4.9% in August, as data released Friday remains far above the Fed&... READ MORE
Technical analysts often scoff at the notion that a 20% decline marks a bear market. However, a look back shows that further losses are certainly possible after a 20% decline. Over the last 25 years, the last two bear markets started with declines in excess of 20% and the S&... READ MORE
When I began investing full-time, my methodology's foundation was based on William O'Neil's CANSLIM® approach. It's a deeply researched and proven strategy. The AAII's own ongoing trading models validate that fact. For the next three decades, my efforts were focused... READ MORE
On this week's edition of Moxie Indicator Minutes, TG discusses how the market is at a very difficult spot to interpret right now. On one side, things are stretched and there is enough bearish kindling to set off a short squeeze. On the other, what reason do people... READ MORE
FALLING FOREIGN CURRENCIES... Last week's message showed the U.S. Dollar Index rising to the highest level in twenty years. That's due largely to the fact that the Fed has been hiking rates faster and higher than most foreign bankers. What's good for the... READ MORE
In this week's edition of the GoNoGo Charts show, Alex and Tyler review Wednesday's upside move in the context of a persistent "NoGo" trend in US Equities, Commodities, and bond prices. The continued "NoGo" trend conditions on the daily and weekly charts... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains the ADX indicator, discussing how it gives us insight into 2 different groups of investors and how to interpret them. He also shows how this indicator can help to determine when the climate is better for... READ MORE
As we saw a positive divergence materialize on the $SPX with New Lows, we thought it a good time to bring out the NYSE New Highs/New Lows chart, which has also seen a positive divergence between shrinking New Lows and price bottoms that were moving lower. This indicator has... READ MORE