Jerome Powell brought reality to the market. "The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated," Powell told the Senate Banking Committee in prepared remarks. "If the totality of... READ MORE
Last May, I wrote an article entitled "Bitcoin Bubble Finally Bursts", where I laid out the technical case for substantially lower prices. It was partially based on the fact that the 18-month ROC had peaked from a level in excess of 200%. My research, featuring 26 case... READ MORE
In honor of Women's History Month and International Women's Day, we continue our series of articles highlighting women traders who have overcome personal and professional challenges to achieve their personal and financial goals. In this installment, we hear from Danielle Shay, a self-made trader, market... READ MORE
In this episode of StockCharts TV's Sector Spotlight, for this first Tuesday of the month, I take a look at the completed monthly charts for February for both Asset Classes and Stock sectors. While evaluating last month's performance for the individual sectors, I include the February... READ MORE
This week's a big one for gold. A steep wave of fear, greed, and data is about to hit the gold market. It begins with two Congressional testimonies by Fed Chair Jay Powell on Tuesday and Wednesday, the ADP Employment report and JOLTS report on Wednesday, the weekly... READ MORE
The 23-month moving average or a two-year business cycle is particularly important this year after a big up then down year-looms large. Looking at Granny Retail, that business cycle not only leaves investors with the trading range resistance, it also shows how the Retail sector could be... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl opens the show with a detailed discussion of how we measure participation using %Stocks > 20/50/200-day EMAs and the Silver Cross Index/Golden Cross Index. We can see where the strength lies and whether it... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete gives his rundown of the current market, before moving on to a discussion about combining trendlines and looking at the bullish percent on the big three indexes. He then takes a look at the bullish percent on some... READ MORE
Several recent surveys have shown that women tend to avoid investing in the stock market. That may be changing as women start realizing the importance of financial wellness. In honor of Women's History Month and International Women's Day, StockCharts is running a series of articles highlighting... READ MORE
Stocks and exchange-traded funds (ETFs) trading at or near new highs lead with clear uptrends. These are the names you'd want on your ChartLists or portfolio. You can find leaders by checking the list of 52-week highs or by using the StochClose indicator, which is part... READ MORE
This past week, our Daily content proved itself invaluable. We directed our readers to look at buying Natural Gas, Crude Oil, Steel, Aluminum, Corn, Sugar, and NASDAQ. Now, we would like to turn our attention to the Economic Modern Family. On Tuesday, March 7, there will be perfect alignment of... READ MORE
It was largely a troubled week for the Indian equities, as the markets spent four out of five days struggling to keep their head above the crucial 200-DMA, which currently stands at 17404. Had it not been for Friday, which saw a sharp surge in the Indices, the week... READ MORE
The markets closed the week on a strong note, with a rally that pushed the S&P 500 back above its 21-day moving average. With the relative strength index (RSI) now back in positive territory as well, the S&P 500 is back in an uptrend. The... READ MORE
My conversations with Chris Verrone, Adrian Zduńczyk, and Mary Ellen McGonagle this week on The Final Barleft me striving to simplify my analysis of the S&P 500. It's been a confusing time for stocks and as a result, my main daily chart of the S&... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the downtrend reversal in the markets and what areas came on the strongest last week. She also highlights best practices for putting new money to work. This video was originally broadcast on March 3, 2023. Click on... READ MORE
In this week's edition of Moxie Indicator Minutes, TG discusses how we are starting to see the market find support from its mid-February pullback. TG expects a small bounce, but it is not a confirmation of a long yet. The Hourly will still need to setup for... READ MORE
In the next few days, SMH (VanEck Semiconductor ETF), along with other similar "chip index" funds, may see a strong bounce toward the upside. What's going on? Technically speaking, the semiconductor index just broke out of a head and shoulders bottomon January 23, and now the... READ MORE
STOCK INDEXES HOLD 200-DAY LINES...After a weak month of February, major stock indexes are finally attracting some new buying. More importantly, this week's rebound is happening at some important moving average lines. Chart 1 shows the Dow Industrials bouncing off potential chart support along its late... READ MORE
Those of you who read our Daily are by now, learning about the value of our scanning tools, quants and the Complete Trader.What we are trying to accomplish is to show not only how best to use the product, but how to focus on key patterns, especially those that... READ MORE
In this week's edition of the GoNoGo Charts show, Alex takes a look at the major assets, noting that Equities have surrendered to a NoGo trend this week. Treasury rates rising, along with the dollar, could be acting as a headwind for stocks. Within the S&P... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe discusses the first rule in multiple timeframe trading and analysis. He explains why the trend can be different on different timeframes and why the turning points on each timeframe are so important. He then covers the stock... READ MORE
Target (TGT)'s stock has been bouncing back and forth within a wide eight-month trading range. This happened right after its -44% plunge between April and May last year. Since then, it's been stuck in a $45 range, forming an extremely long rectangle pattern. Why'... READ MORE
Commodity prices are an imperfect but useful forecaster of consumer price inflation. A key secular trend indicator that I use for industrial commodity prices went bullish last year. Since then, prices have corrected. However, it makes sense to take the pulse of the commodity markets from time to time, in... READ MORE
Why are Large Cap Leadersleading? While the major indices still try to sort out the next interest rate direction, soft, hard or no landing, and/or if inflation has peaked, a few stocks have dominated. Companies like Steel Dynamics (both holdings in the quant model) are in the manufacturing and... READ MORE
February, according to the Stock Trader's Almanac 2023, tends to be a weak month, especially in pre-election years. Now that February is behind us, does it mean the worst is over? Not necessarily. Each year comes with unique scenarios and challenges; this year, all else being equal,... READ MORE
If you trade, you must deal with bad times to get to the good. In this week's edition of Trading Simplified, Dave discusses how Steven Pressfield's "War Of Art" can help you to cope with these less-than-ideal conditions, and how you must... READ MORE
The Metals and Commodities stocks have been relatively outperforming the broader markets for a couple of months now. This was the period when the US Dollar Index (DXY) underwent a strong corrective move after testing the highs of 114.77 in September. The retracement in the Dollar Index was a... READ MORE
The Indian equities have been quite jittery over the past couple of weeks. Broadly speaking, the headline index NIFTY50 ($NIFTY) has been oscillating between its 50-day moving average (MA) and 200-day MA during February. These MAs are placed at 17885 and 17302 respectively. Lately, the index has made... READ MORE
Stuck is a word we have used a lot lately. Some common synonyms for stuck are jammed, trapped, put, pushed, and caught. Nasdaq is stuck, jammed, or whichever word one wishes to use. And that's price. Traders are also trapped and caught, considering that the market breadth is... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I assess the current state of sector rotation, highlighting the ongoing rotation out of defense in favor of more offensive and economically-sensitive sectors. As it is the last Tuesday of the month, seasonality make ups a big part of... READ MORE
The week is starting out exactly how we expect. * The SPY and indices stuck in the trading range within a trading range. * The latest economic data weak, hence causing buyers to return to the market, figuring bad news is good news. * Four of the 6 Economic Modern Family members in... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl opens the trading room by discussing how the Silver Cross Index works and its superior representation of market participation. He also reviews the market and "S&P 10". Both he and Erin discuss Natural Gas... READ MORE
In this week's edition of StockCharts TV'sHalftime,with all of the talking heads and the "Wall Street" headlines throwing uncertainty into the mix (soft landing, no landing, and fly by, anyone?), Pete takes the time to find things that are more certain. He analyzes... READ MORE
We are provided constant reminders that important company information is reflected in the absolute and relative performance of the company's stock price. That may go against common sense in a few instances, especially when it comes to earnings. After all, the company is supposed to be delivering fresh... READ MORE
After the CORE PCE numbers came out on Friday, the market had the expected reaction of selling off in anticipation of a more aggressive Fed. We find the reaction less than surprising. But what we do find more surprising is that the metals sank along with equities, although gold fell... READ MORE
It was a weak performance for the equity markets; after heading nowhere over the past two weeks despite staying volatile, the markets gave up some strength as they closed the week on a negative note. In the previous technical note, it was mentioned about the VIX, i.e., INDIAVIX was... READ MORE
The stock market has been a tough place for trend-following since January 2022, which is when the S&P 500 first triggered a bearish trend signal. The bearish signal in question is the humble 5/200 day SMA cross. There were whipsaws in the first quarter of 2022... READ MORE
One of my early mentors often remarked, "Nothing good happens below the 200-day."This was his way of recognizing that, while stocks can certainly pop higher from beaten down levels, you're more likely to experience sustained advances once the price is above the 200-day... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the markets' break below key support as inflation remains elevated. She also shares stocks from her watchlist that are trending higher amid a tough market. This video was originally broadcast on February 24, 2023. Click on... READ MORE
The Energy Sector Seems to be Coming Back to Life On the Relative Rotation Graph (RRG), a long tail is visible starting in July 2022, traveling from weakening back up towards and into leading in October 2022. After another rotation through the leading quadrant, the tail for XLE crossed into... READ MORE