These are not my words, but those of Mr. Market, who is doing his best to let the central bank know that rates are too high. Chart 1, for instance, compares the market-driven 5-year yield to that of the Effective Federal Funds. The dashed green arrows indicate that,... READ MORE
Cintas Corp (CTAS) is just 1 of 83 companies that have qualified to be on our most powerful ChartList, our Bullish Trifecta ChartList. In order to make it, it must be on our (1) Strong Earnings ChartList (SECL - tracks companies that beat quarterly revenue and EPS estimates), (2) Strong AD... READ MORE
Okay, first when I say "it's easy", I'm not saying it's easy to call tops and bottoms. Instead, I'm say that answering that rhetorical question is easy. If you can call a top, you can exit equities with your capital... READ MORE
In a week that was shortened by Good Friday, the Indian equities extended their gains as they moved above crucial resistance points. The NIFTY had a strong and positive previous week, but had halted its up move near important resistance levels. Over the past four sessions, the index managed to... READ MORE
A number of my conversations this week on The Final Bardealt with the challenges presented by narrow leadership. Joe Rabil pointed out theweakness in small caps,and Jeff Huge focused on the difference between theYTD returns of FAANG stocksversus pretty much everything else. Why is narrow leadership such a problem?... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the impact of weak economic data on the markets as defensive areas outperformed and growth stocks took a break. She also details how to identify a downtrend reversal amid sector rotation. This video was originally broadcast on... READ MORE
Pablo Picasso is known as the father of cubist painting. He and others used geometric shapes and patterns to represent a specific form. Cubism, in Picasso's mind, was created to emphasize the different ways of seeing the world around us. Picasso painted cubes and shapes using the concept... READ MORE
You invest in the stock market to make money, but you also want to preserve your capital. And in an investment environment dominated by uncertainty—regional bank fallout, inflation, rising interest rates, geopolitical tensions—investors are leaning towards implementing defensive strategies for their portfolios. One of the defensive sectors that... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson is back to walk you through the scanning tools on StockCharts and explain the basics of creating custom screens. He digs into one of his own custom checklist scans, breaking things down line by line to... READ MORE
On this week's edition of Moxie Indicator Minutes, markets look poised to move higher, so TG takes a look at higher time frame charts to get a feel for how they begin. He then drills down to the Daily and Hourly to find out exactly how they moved.... READ MORE
EQUAL WEIGHTED SPX LAGS BEHIND...Stocks were little changed on the shortened trading week and have maintained their intermediate uptrend. The black bars in Chart 1 show the S&P 500 having reached the highest level in two months. The SPX also remains above moving average lines and may... READ MORE
Breadth is holding up for Nasdaq 100 ($NDX) stocks, but deteriorating for S&P 500 index ($SPX) stocks. I view this as a warning sign for the stock market. Breadth indicators measure the degree of participation. For example, the percentage of S&P 500 stocks above the 50-... READ MORE
Getting a jump on a sector rotation is like accelerating into a blind curve. What could go wrong? Well, your timing may be way too early. Your sector selection of sectors may be off. You may be pre-empting a false signal. And so on. The good news is that... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler deliver a view of relative and absolute trends across the investible landscape. The S&P 500 (SPY) confirms a "Go" trend on both daily and weekly timeframes, and Gold ($GLD) shows further upside as the "... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains how he uses the short-term RSI 5 to help with timing in a strong trend. He shows how this can be used in conjunction with the Relative Strength line when the market is going through... READ MORE
Welcome to this week's Flight Path. Look at the GoNoGo Asset map below. Equities have turned! There's a "Go" bar at the end of the week that, as you'll see, also lines up with a new "Go" trend on the... READ MORE
The surprise OPEC+ production cuts last week had investors frantically positioning themselves in anticipation of the opportunities, risks, and opportunity risks surrounding crude oil exposure. What Just Happened? On Monday, OPEC+ announced it was reducing its output by 1.16 million barrels per day. The cuts are to begin in... READ MORE
In the last few Daily blogs, we have covered a lot, from the silver to gold ratio, to long bonds, to the Euro vs. the dollar. And that's not all! We have looked at the 23-month moving average and how that has been an incredibly reliable indicator... READ MORE
April is Financial Literacy Month—a good excuse to bump up your financial knowledge so you can be better equipped to manage your personal finances. To support your financial journey, StockCharts is featuring several articles in April that focus on how you can take advantage of the educational tools that... READ MORE
Jesse Livermore is one of the most famous (and infamous) traders of all time. In his classic (written under a pen name) Reminiscences of a Stock Operator, he tells his story of how he became a successful trader. Livermore's focus on price and human nature made him a... READ MORE
Gosh, it's been a minute since we have looked at Utilities. With rising interest rates, in March 2023, utilities fell near the October 2022 lows. Currently, XLU is changing phases from Bearish to Recuperation. In my book, Plant Your Money Tree: A Guide to Growing Your Wealth,I... READ MORE
The first Tuesday of the month means monthly charts in this episode of StockCharts TV's Sector Spotlight. I start with an overview of long-term trends in asset classes, including a look at the USD and BTC and the relationship between stocks and bonds. I then move on... READ MORE
On this week's edition of The DecisionPoint Trading Room, Erin presents a review of all of the sectors to find out where new momentum lies and where relative strength is -- you might be surprised. Carl gives us his take on the market, as well as the Dollar, Gold,... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete takes a look at the Q's and sectors this week. At the end of the quarter, we all know that tech has done well and, while the defensive side has tailed off, the quarter wasn'... READ MORE
Global equities have risen for the last three weeks and now are at or just below key chart points. Chart 1, for instance, shows that the S&P 500 index ($SPX) is close to breaking above resistance in the form of its 2022–23 down trendline. In reality, that... READ MORE
Since the first quarter ended with very few instruments above the 23-month, we thought we would start the 2nd quarter by examining where the 4 indices are. Over the weekend, the Market Outlookreminded us that "we would likely see a rangebound market, along with stagflation. With positive back-... READ MORE
The following chart shows 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 undervalued... READ MORE
The following was a special educational Daily Market Report that I sent to our EB.com members last week.... I always refer to EarningsBeats.com as a "Research, Guidance, and Education Platform", because that's truly what we strive to be. HERE IS WHAT WE ARE NOT... READ MORE
The markets had a positive weekly closing; despite the truncated week with just four trading sessions, the NIFTY registered decent gains. Over the past several sessions, the markets were unable to take any major directional calls; however, this week saw the markets rebounding from the lower edge of the trading... READ MORE
Last week, the S&P 500 put in a bottom following Wednesday's rally of 1.4% on volume, which was greater than the prior day. Known by followers of William O'Neil's work as a "follow-through day", the price action occurred... READ MORE
With the first quarter of 2023 drawing to a close, what impresses me most about the equity markets are the improving breadth conditions. While the markets can move higher on strength from the MANAMANA stocks, sustained bull market phases usually need additional support from other stocks. One could argue that... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen highlights the new uptrend in the S&P 500 and which areas are now reversing downtrends. She also reviews themes taking place in already-strong Software stocks. This video was originally broadcast on March 31, 2023. Click... READ MORE
There are times when technical merit alone can justify the case for a trade. The reason for this is that many traders often stick with a familiar list or category of stocks, and for obvious reasons: to avoid trading a stock that you know very little about or to check... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson kicks off a series of scanning-focused episodes by sharing two of his favorite ways to run and review your scan results. He demonstrates how the CandleGlance view for SharpCharts can help you quickly and easily... READ MORE
Partial Look at the Models and Positions On Friday, I was part of the Festival of Learning, sponsored by Real Vision, to help new and experienced traders.The topics that came up were in line with what everyone who trades wants more insights on: * FOMO * Position Sizing * Risk Management * Entries... READ MORE
On the weekly RRG, the tail for XLY, Consumer Discretionary, is inside the improving quadrant and heading at an RRG-Heading of roughly 90 degrees. Not ideal; somewhere between 0-90 is stronger, as it indicates that the trend is still picking up speed, but not wrong either. With only... READ MORE
On this week's edition of Moxie Indicator Minutes, TG explains that, barring any crazy event, the SPX will close its second month over the Monthly 10-SMA. This moving average is his primary tool for assessing whether a longer-term trend is bullish or bearish. The SPY continues... READ MORE
MAJOR STOCK INDEXES HAVE A STRONG WEEK...Although the stock market's long-term trend may still be in doubt, stocks are ending the quarter on a strong note. Starting with the weakest, Chart 1 shows the Dow Industrials ending the quarter back above its 200-day moving average... READ MORE
U.S. equities are wrapping up the first quarter in grand style. The QQQ, which tracks the NASDAQ 100, is zeroing in on a 20% gain for the quarter, as I write this. We saw a huge rally in January 2023 and strong Januarys usually suggest a strong year ahead.... READ MORE
After a bear market decline of nearly -50%, the Semiconductor ETF (SMH) has rallied over +60% out of the October low. The long-term picture still looks promising, with the weekly PMO rising steeply above the zero line. But let's look in a shorter-term timeframe to see... READ MORE