In May and June oversold conditions in the major stock indexes developed. Internal breadth and sentiment measures reached notable extremes. Keeping in mind the quarter-end effect, Wyckoffians were on the lookout for an acceleration of the downtrend into a ‘Selling Climax', which arrived in mid-June (quarter-end). Following a series... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl takes questions from the audience on his opinions regarding Silver, Gold and what he's looking for as an end to the bear market. Meanwhile, Erin looks under the hood at leading sectors Technology and Consumer Discretionary,... READ MORE
As impressive as the global stock rally was last week, gold and silver's remarkable performance on Friday did not generate many financial headlines. Still, their one-day individual parabolic rise merits closer attention. Could this be a new trend? Or is it just a one-day wonder? Using the Gold... READ MORE
Markets are getting ready to rock & roll to the upside! In this exclusive StockCharts TV special, Larry has a lot to show you and a lot of education to share. He digs into the three key reasons he's expecting a major rally: panic selling, important buying, and... READ MORE
Led by its top two components, Enphase (ENPH) and Solar Edge (SEDG), the Solar Energy ETF (TAN) followed a bullish signal from the Trend Composite with a big breakout to confirm a large bullish reversal pattern. Let's start with the Trend Composite, which aggregates trend signals in five... READ MORE
I love earnings season. New information abounds and the stock market is constantly trying to reprice thousands of securities based on this new data. It creates periods of temporary imbalances in supply and demand, which leads to a very inefficient market in the short-term. Put another way, we can make... READ MORE
When I turned bearish at the end of 2021, I made it quite clear that I expected this stock market downturn to be fairly brief - at least in historical bearish terms. At our MarketVision 2022 event on Saturday, January 8th, I suggested that the S&P 500 would... READ MORE
In the previous weekly note, we mentioned that the markets have formed a strong base for themselves; the most logical move that the markets can make is to move towards their 50-Week MA, which was then placed at 17073. The beginning of the previous week was a bit jittery, as... READ MORE
The S&P 500 recorded its strongest monthly gain since November 2020, rallying 9.1% during a volatile period that ended with a bang. Growth stocks outperformed, with Consumer Discretionary (XLY) and Technology (XLK) stocks leading the way. It was not a particularly easy period to navigate, however, as... READ MORE
The stock market rally continued to show strength into Friday, moving decisively higher on the week. Big tech and many other sectors shrugged off a post-Fed pullback and more earlier in the week; bad earnings and poor guidance from Wal-Mart, Meta, and Qualcomm, to mention a few. With Amazon, Apple,... READ MORE
In this special presentation courtesy of StockCharts TV'sThe MEM Edge, Mary Ellen explains why the markets are poised to trade higher and how you can participate. She also shares the rotation into newer areas that have higher upside from here. This video was originally broadcast on July 29,... READ MORE
The market had the kitchen sink thrown at it this week, but it's closing on a high. On this week's edition of Moxie Indicator Minutes, TG discusses how he believes this is a strong test, for now, and how we could see SPY eventually reach its... READ MORE
If you found this article through the Saturday, August 6 ChartWatchers newsletter, please click on this link to read this week's article instead. If I had just one thing to use to understand the markets and predict what was coming next, it would be a daily chart of... READ MORE
STOCK INDEXES GAIN MORE GROUND... Despite a .75% rate hike by the Fed on Wednesday, and a second quarter of negative GDP growth on Thursday, stock indexes continued to gain ground. And they're in the process of testing some overhead resistance lines. Chart 1 shows the Dow Industrials... READ MORE
In this week's edition of the GoNoGo Charts show, Alex and Tyler see the rotation continue into the growth sectors and risky assets this week. With the start of a shift to risky assets being visualized by the GoNoGo Asset map and GoNoGo Sector Relmap, they look at... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows the 2 patterns that he hunts for using ADX. These setups develop in all time frames but he uses a few long-term examples to explain the overall condition and preferred pattern. He discusses the higher time... READ MORE
Powell and crew raised the rates by .75 BPS in an attempt to continue the fight against inflation. He even said, "Another unusually large increase in rates could be appropriate, it depends on data." However, the market heard something different. Sure, we rallied pre-FOMC and continued to rally... READ MORE
On this week's edition of Trading Simplified, Dave introduces the concept of Technical Analysis Apologetics -- logical and valid reasoning for using technical analysis (and ONLY technical analysis). He begins building his case by showing how his Landry Light concept can keep you on the right side of... READ MORE
Relative Rotation Graphs (RRG) were introduced on StockCharts.com in July 2014. Since then, we have had the possibility to render the charts using weekly or daily data. Primarily, I think, because those were the time frames I was, and am, using most of the time for myself and in... READ MORE
I first published this article in March, 2019 and believe the message then is the same as for today. As a retired money manager I want to share some thoughts on that profession and investors in general. Portfolio management is as much about managing emotions as it is about correlations,... READ MORE
This week, we diverge from our normal chart talk to focus on the economy, as the word "recession" is now on virtually every one's lips, provoked by a lot of misinformation. First, there seems to be a general understanding in the media that the definition of... READ MORE
The Fed has already hiked rates three times this year and is expected to hike again on Wednesday, July 27th. But with the economy showing signs of significant slowdown, there are rumors that the Fed might not hike rates as much as anticipated. The current downtrend, which began in April,... READ MORE
This edition of StockCharts TV's Sector Spotlight marks an important milestone in the life of RRG on StockCharts.com. Following many user requests, the latest release of new functionalities and improvements (Bainbridge) of the website includes the support for intraday time frames on Relative Rotation Graphs. This addition... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl and Erin cover the indicators and live market action. Erin takes a deep dive into the Energy sector, among others that appear promising. Stocks reviewed include PayPal (PYPL), Carl's take on Amazon (AMZN) and Apple (AAPL)... READ MORE
The chart posted is all about expectations. Regardless of the talk on the new and stretched definition of recession, departing from the textbook definition, investors believe that the Fed Funds rate is close to peaking and will begin to decline into 2023 and 2024. Incidentally, I wrote a dailyon June... READ MORE
MODEST WEEKLY GAINS... Stock indexes gained some ground this week, but not enough to reverse major downtrends. And they remain below overhead resistance levels. The daily bars in Chart 1 show the Dow Industrials rising to the highest level in six weeks and clearing their 50-day moving average. While that... READ MORE
The markets had a strong week that was much on the expected lines. In the previous weekly note, it was categorically mentioned that the markets might resume their up move after a brief period of consolidation. Over the past five sessions, the markets continued to inch higher as they got... READ MORE
Commodities across the board rallied after the Russian invasion of Ukraine and have since declined significantly. Before the War though, commodities were already enjoying a rally due to results of the pandemic such as supply chain, low production, rising demand, high government debt and labor shortages. The other significant factor... READ MORE
In this special presentation courtesy of StockCharts TV'sThe MEM Edge, Mary Ellen shares a rules based system to help you identify when a new bull cycle has come in to play. This proven system, "A Follow-Through Day", has identified every market bottom going back over 100... READ MORE
For the last couple months, when someone would bring up some bullish argument, my response would usually be something like, "Sure, but we're still below the 50-day moving average." I've learned that this game is all about identifying a key level, price, signal, or... READ MORE
On this week's edition of Moxie Indicator Minutes, TG discusses how the market and many names have done well over the last week or two, but are now reaching areas of resistance. If things setup the way TG expects them to, then the drop would be buyable and... READ MORE
Trying to predict how Wall Street might react to an earnings report is no simple task. Sometimes, a stock has a big run into its earnings report, but then sells off after delivering solid results. It's the old adage, "buy on rumor, sell on news." In... READ MORE
In this week's edition of the GoNoGo Charts show, Alex and Tyler explain some risk-on behavior this week as U.S. domestic equities paint a first aqua "Go" bar. An analysis of the GoNoGo Sector Relmap shows rotation into growth sectors like technology and discretionary and... READ MORE
In this article, I'd like to dig a bit deeper into the Industrial sector. Starting at the sector level, we find the tail for XLI inside the weakening quadrant and moving towards lagging. So definitely not one of the better sectors. As a matter of fact, it'... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how he uses MACD in conjunction with ADX to improve confidence on your entry points. He explains how this indicator can be used in multiple timeframes and how it confirms price pattern reversals quicker than the... READ MORE
The disconnect between Fed tightening and the rebound in the tech sector leaves many investors wondering what will happen next. The Fed is raising interest rates, which is frequently a precursor to a stock market decline, but growth stocks are rallying. The S&P 500 has regained some of... READ MORE
Due to its sensitivity to interest rates, housing has the greatest average lead time going into recessions than any other economic (as opposed to financial) indicator. For that reason alone, it is worth examining amid the constant talk of recession. The HMI vs. Housing Starts Earlier this week, two important... READ MORE
On this week's edition of Trading Simplified, Dave discusses the things that you must know during a bear market. He then goes on to discuss simple ways to determine market trends and signs to watch for when the market is turning. Finally, he continued his "crash course&... READ MORE
As investors are looking at the earnings and guidance closely for the individual leading companies reporting, I thought I would highlight the leader in the multi-billion-dollar TV streaming industry. First off, Netflix (NFLX) reported: * Revenue: $7.97 billion, est: $8.04 billion * EPS: $3.2, est: $2.91 The stock&... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I assess the current rotation in asset classes and sectors, highlighting the rotation for commodities, which are going through a setback but are likely to come back as the leading asset class. In equity sectors, I'm seeing an... READ MORE