In this week's edition of the GoNoGo Charts show, Alex and Tyler are reminded of a core tenet of technical analysis: prediction, presumption, forecasting and estimation are fertile ground for behavioral bias and emotional baggage. The scientific money manager simply reacts responsibly to market moves looking at the... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how the ATR(20) can be used to improve your odds when attempting swing trades. By following the trend of the Volatility, you can take advantage of counter moves to increase long or short trades. He... READ MORE
After Tuesday's stock market rout, the outperforming sector transportation (IYT) struggled on Wednesday. Although our other indicator we have been writing about, junk bonds (JNK), led the rally in the indices, IYT did not follow. Why? A Western-style showdown between 60,000 rail workers, their unions and some... READ MORE
On this week's edition of Trading Simplified, Dave continues with his "Next 100 Trade" series by examining recent mystery charts, with lessons on how to avoid putting capital into harm's way. For the "Mind The Trade" segment, he discusses why it'... READ MORE
One of my favorite intermarket relationships exist between consumer discretionary (XLY) and consumer staples (XLP). It's a very quick way to see whether the stock market favors offense or defense. If the XLY:XLP ratio is rising, it's a signal to me that Wall Street believes... READ MORE
I published this the first time in November, 2017 and think it is just as appropriate now as then. The "World of Finance" is fraught with misleading information. The use of average is one that needs a discussion. Chart A is a chart showing the compounded rates of... READ MORE
After a higher-than-anticipated CPI report, the major market averages traded much lower. August's CPI came in increased by 20 basis points. Fed Futures are now pricing in a 20% chance of a 100-basis point hike and an 80% chance of a 75-basis point hike. Inflation has broadened in... READ MORE
On the weekly Relative Rotation Graph, the consumer discretionary sector continues to improve and is now pushing further into the leading quadrant. It is now the sector with the highest JdK RS-Momentum reading. The tail length is fairly long compared to the other tails in the universe. All in all,... READ MORE
In this week's edition of StockCharts TV's Sector Spotlight, I start with an overview of the current asset class rotation, using daily and weekly Relative Rotation Graphs. In this segment, I replace VNQ (real estate) with BTC, which better represents the asset class landscape, as Real... READ MORE
It is a well-established fact that the dollar and oil prices move in opposite directions, most of the time. Perhaps a more accurate way of saying the same thing is to observe that a rising dollar acts as a headwind for energy prices, while a falling one acts a tailwind... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl covers what the market was up to and reviews Friday's indicators. He looks at the top ten capitalized stocks in the S&P to see which, if any, were leading the market higher. Apple (AAPL)... READ MORE
The S&P 500 was sharply oversold last week according to Our Big View weekly analysis. Hence, the market bounced and cleared the 50-day moving average in all indices. The macro backdrop for the financial system remains the same. However, with all the headwinds, can this bounce last? First... READ MORE
Richard D. Wyckoff, the Master, in his own words; and his quest to understand what propelled stock prices. He observed large interests conducting campaigns of a magnitude that resulted in trends lasting for months and years. As a young man he studied these Composite Operators (C.O.) and how they... READ MORE
ADANIPORTS has been showing some potent technical developments on the longer-term timeframe charts. While most of the Adani Group stocks have run up too high and ahead of the curve, this stock has been consolidating in a wide and well-defined trading range and has formed a great base for itself.... READ MORE
The markets ended the week with a strong rally that occurred despite hawkish comments from several Federal Reserve officials and Fed Chair Powell. Their comments increase the possibility that rates will be increased by 75 basis points at their next meeting later this month while also pointing to a prolonged... READ MORE
Reserve Chairman Jerome Powell's speech this past week cautioned against prematurely loosening monetary policy. Powell's speech reminds us that the Fed is focused on keeping inflation under control. Nonetheless, what we also learned this week is that technical matter. It is far more crucial to monitor... READ MORE
On this week's edition of StockCharts TV'sThe MEM Edge, Mary Ellen reviews last week's rally, which pushed the markets above a key area of near-term resistance. She also shares stocks from the top-performing sectors that have positive charts, with a focus on base breakouts.... READ MORE
Larry goes back to the future in this exclusive StockCharts TV special! The stock market, he predicts, will go down a bit, before then heading UP, UP & Away! He shares the things that make him think that way, including inflation, stocks, and a view of the future. This video... READ MORE
On this week's edition of Moxie Indicator Minutes, TG reviews general markets and tickers which give us an idea of the overall weakness out there. We are prepared to have prices move up right now, since things are really oversold, but, based on the Moxie rules and trade... READ MORE
S&P 500 ENDS THREE-WEEK DECLINE... Stocks are ending the week on a strong note after falling for the previous three weeks. An oversold condition and the presence of underlying chart support are also playing a role in this week's buying. The 9-day RSI line in the... READ MORE
It has been a rough four weeks for stocks and oil, but the energy-related ETFs held up relatively well and remain in uptrends. The PerfChart below shows performance for SPY, oil, the DB Energy ETF (DBE) and five energy-related ETFs since August 16th, which is when SPY peaked. SPY is... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe discusses the useful and powerful MACD indicator, explaining how it can move from an OB/OS oscillator to a Trend and Momentum Indicator. Using both price and ADX as supplemental tools, we can take advantage of MACD... READ MORE
In this week's edition of the GoNoGo Charts show, Tyler and Alex take a top down approach to the markets using GoNoGo Charts. Starting with the macro drivers such as Treasury rates, oil and the dollar and moving into a relative strength Sector RelMap, they analyze leaders and... READ MORE
The Biden administration declared an intermediate target in August 2021 that 50% of all new automobiles would be electrified by 2030. This transition to lithium-ion battery power will potentially guard against climate change and counter China's aggressive push into the global EV automobile market. Electric car efforts are... READ MORE
On this week's edition of Trading Simplified, Dave continues to follow up with his "Next 100 Trades" series by discussing recent mystery charts with lessons on how to avoid putting capital into harm's way. In his "Mind The Trade" segment, he discusses... READ MORE
When we endure a lengthy bear market, many technical buy signals can be thrown right out the window. They don't work as pessimism and outright fear take over the market; instead, you have to be prepared for reversals based on extreme sentiment readings. Historically, Volatility Index ($VIX) readings... READ MORE
This may seem like a foolish title, given that the Fed could be about to raise short-term interest rates by as much as 75 basis points in September with further, but smaller, hikes following that. However, bonds revolve around the business cycle in a chronological sequence, as do stocks and... READ MORE
Semiconductors have been a significant drag on Wall Street. Sister Semiconductors (SMH) needs to regain her -50week moving average to really see a major technical shift in the market. She is a good barometer of the overall direction of the stock market. The "Modern Family" comprises seven key... READ MORE
For the last three trading days the SPY decline has stalled, and price has settled on the 390 level, at which we can see an horizontal line of support and a rising trend line converging to support price. The VIX is somewhat oversold, but nothing to write home about. The... READ MORE
In this week's edition of StockCharts TV's Sector Spotlight, for the first Tuesday of September, I dive into the monthly chart, which was completed last Thursday. We kick off with a view of sector rotation using the newly added monthly time frame on Relative Rotation Graphs;... READ MORE
Yes, I'm very familiar with that old Wall Street adage, "Don't Fight The Fed!" But similar to the "Go Away In May" theory, I'm happy to poke holes in it. Rather than just blindly buy what the media is selling,... READ MORE
Although the markets ended flat on a weekly note, the past five sessions remained quite volatile. The markets stepped into the week while inheriting a very weak global trade setup; the weakness was inflicted by very bearish reactions of the US markets following Jerome Powell's comments at the... READ MORE
I find semiconductors to be an important group to watch, given that they essentially provide the "backbone" to our modern information economy. Pretty much every product we use at this point has a chip involved, so if chip makers are doing well, then I can assume the economy... READ MORE
Hello friends, Labor Day is approaching, and the market is closed in observation, so it's time for some fantastic fun, entertainment for everyone, and relaxation. I have been doing two videos a week along with the written commentary to introduce you to the one index and six sectors... READ MORE
DecisionPoint Diamonds scans have failed to produce. In order to get even a few results, we have had to ease the restrictions, particularly on EMA configurations. If we don't get scan results for "Diamonds in the Rough", we dive into the Industry Summary on StockCharts.com... READ MORE
On this week's edition of StockCharts TV'sThe MEM Edge, Mary Ellen reviews where upside resistance is for the S&P 500, as well as why Growth stocks are getting hit the hardest. She also shares select inverse funds to buffer your holdings. This video was... READ MORE
Recently, the market has been moving in ways that perfectly capture the Moxie setups and rules that TG has developed. On this week's edition of Moxie Indicator Minutes, TG stresses that when you see Moxie patterns line up in such clear ways, you really need to act on... READ MORE
The short-term trends for the big three are down (SPY, QQQ, IWM) and we are in a bear market. Over the last two weeks, the short-term trend (down) aligned with the long-term trend (down). This is a powerful combination that can lead to rising correlation among stocks. Note that downside... READ MORE
Plotting the components of the Information Technology Sector against $ONE provides us with a sobering picture. Pretty much every single stock in that index is in a downtrend, inside lagging, and/or inside weakening (and very close to entering lagging). Plotting that same graph on a weekly timeframe shows almost... READ MORE
In this week's edition of the GoNoGo Charts show, Alex and Tyler examine the weight of the evidence and use GoNoGo to react responsibly to market trends. S&P 500 trends are in NoGo conditions across weekly, daily, and intraday timeframes. US Interest rates ($TNX) decisively broke... READ MORE