Gain insight into the Fed's interest rate decision and explore how you can strategize your trades in the future. CHARTWATCHERS KEY POINTS * The Fed raises interest rates by 25 basis points (0.25 percentage points). * Stock markets closed higher after hearing Chairman Powell's comments. * Monitoring sector... READ MORE
In this week's edition of Trading Simplified, Dave jumps right into his "Mind The Trade" segment with a discussion on how markets really work. He then explains how embracing your own emotional nature can help you to wrap your head around the emotional nature of the... READ MORE
"As the S&P 500 goes in January, so goes the year." If you're a Stock Trader's Almanac reader, you'll be familiar with this adage. According to the Almanac, since 1950, this seasonal indicator has registered 12 major errors. That'... READ MORE
On Monday, the Daily covered some of the warning signs, particularly in the Regional Banks and Transportation sectors. We ended the Daily by writing this: "Transportation and Regional Banks make up nearly 1/3 of the Economic Modern Family." On their weakness: "Of course, the week is... READ MORE
In this episode of StockCharts TV's Sector Spotlight, I address the current state of asset class rotation, then move on to sector rotation. I divide the market in three groups -- Offensive, Defensive and Sensitive -- and find an interesting alignment that should be taken seriously as an early warning... READ MORE
Nearly every member of Mish's Modern Familyimproved last week, with the Russell 2000 (IWM), Transportation (IYT), Semiconductors (SMH), and Retail (XRT) all putting in Golden Crosses on their daily charts. Except for Regional Banks (KRE). Risk off or on during this data-heavy week? Clearly, the performance of... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl opens with an introduction to new data sets for Regional Banks (KRE), Semiconductors (SMH), Biotechs (IBB), and Retail (XRT). The new Golden Cross and Silver Cross Indexes and additional breadth data tell a different story than relative strength... READ MORE
In this week's edition of StockCharts TV'sHalftime,using a different perspective than last week, Pete reviews some sectors today that include names with bullish changes over the last week. He also shares some "secret" lists from the Chaikin platform. This week's upcoming... READ MORE
2022 was a year that required a ton of patience, waiting out the cyclical bear market that unfolded, especially during the first five to six months of the year. But we saw significant strength in many areas during Q4, and growth stocks have powered the market forward in January 2023.... READ MORE
The ghost of the Hindenburg Report continues to haunt the Indian stock markets; the markets have witnessed a sharp selloff over the past two sessions after the activist short-seller leveled some serious allegations against the Adani Group. While Hindenburg Research specializes in "forensic financial research", they have... READ MORE
It was one week ago that I wrote about Wayfair's (W) big breakout in the Don't Ignore This Chart blog. It had just broken above key resistance and volume accelerated to its highest level EVER! And EVER is a very long time! 22 million shares traded... READ MORE
It was an immensely volatile and eventful week for the markets as they headed towards the last weekly close before the Union Budget. The last three sessions, more particularly the last two sessions, remained marred by the severely bearish reactions to Hindenburg Research's report on the Adani Group... READ MORE
How much weight should we put on the fact that the S&P 500 index powered above its 200-day moving average (MA) this week? If history is any indication, then this is actually a fairly momentous occasion. Unless it's a repeat of March 2022, in which... READ MORE
We typically have a song or two in our heads. After all, watching ticks is musical and has a lot of different beats. And typically, those songs turn into parodies. For this past week, the first song was sealed in our brains after Tesla's extraordinary run. And then... READ MORE
In this week's edition of Moxie Indicator Minutes, TG notes that there is a lot of negativity out there and concern about the effects the economy will have on the market. Yet GDP has come in strong, and many names have been basing, and some other names have... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the outperformance in Growth stocks and which areas are poised to trade higher. She also highlights the key driver of these and other stocks which are on the move. This video was originally broadcast on January 27,... READ MORE
When concerns of a recession are front and center, investors tend to pay more attention to the Gross Domestic Product (GDP) report. The Q4 2022 GDP report showed the U.S. economy grew by 2.9% in the quarter, and Wall Street wasn't disappointed. The day the report... READ MORE
In this week's episode of Sector Spotlight, I looked at market breadth using two different variations of Relative Rotation Graphs. Following that show, I received an email from a user reminding me of another set of market breadth indices that we keep for sectors: the BullishPercent indices. You... READ MORE
NEXT TEST IS DECEMBER HIGH... The technical condition of the stock market continues to improve. Chart 1 shows the S&P 500 clearing its 200-day moving average. Although not shown here, it also cleared a falling trendline extending back a year. Both are positive signs. The next test... READ MORE
Last week I featured the S&P 500 SPDR (SPY) with a clear resistance level to beat. Even though the 2022 decline could be a correction after a big advance, the ETF is short of a breakout and trend reversal. The Nasdaq 100 ETF (QQQ) also has a clear... READ MORE
Last month in our DecisionPoint Trading Room, I gave our viewers a pop quiz. I presented two similar charts without names or price scales and challenged them to identify them by the shape of the price indexes alone. The point I was trying to make was that, while they were... READ MORE
In this week's edition of the GoNoGo Charts show, as the S&P 500 continues to show constructive evidence of trend reversal on longer timeframes, Alex and Tyler look to GoNoGo Charts to better understand the sector leadership and individual names that are leading equity markets. Importantly,... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows how he puts it all together by looking at Price structure, MACD, and ADX, in conjunction with the Moving Averages, to identify a short-term trading opportunity in NVDA. He starts with Monthly and works down... READ MORE
Natural Gas use has become a hot-button issue in the United States as bans begin to be discussed or enacted in certain states and cities. Whether you believe this is good or bad, it is news. A subscriber recently asked us to review Natural Gas (UNG), and today seems... READ MORE
I started out this year saying that, to date, gold has been sold on strength and bought on weakness. And the day strength is bought is the day we see a much bigger rally. A Few Gold Headlines * Gold prices hit record high in Japan * China steps up gold imports... READ MORE
From the financial crisis in 2008 until October of last year, the U.S. stock market handsomely outperformed the Dow Jones Global Index ($DJW). However, recent price action suggests that this relationship may be about to change. Stated more accurately, U.S. relative performance may have peaked last October, just... READ MORE
We cannot begin the Daily without a mention of the glitch in the NYSE right out of the gate Tuesday morning. A wild stock-price swing occurred at the open and 84 stocks suddenly plunged or spiked, causing volatility triggers and trading halts. The event is now under investigation. The... READ MORE
After a 50% decline, you need to make a 100% return to break even. That is precisely what happened to the Communication Services sector. In August 2021, the Communications Services Select Sector SPDR fund (XLC) peaked at 85 and, from that point onward, started a disastrous decline, bringing its price... READ MORE
Semiconductors are getting a lot of love from Wall Street once again, with many stocks in the industry getting upgrades from analysts. No wonder many of the semiconductor stocks spiked higher. All you have to do is pull up a chart of the iShares Semiconductor ETF (SOXX) and you'... READ MORE
Last week was the reset of the January six-month calendar range. For the S&P 500 index, that range sits at 3770-4000.23. In our 2023 Outlook, the prediction we made for the yearly range is much wider, or between 3200-4200. That is based on the... READ MORE
On this week's edition of The DecisionPoint Trading Room, Carl explores how yields are calculated with a few examples of yields that don't seem 'right'. He demonstrates how to add dividends and splits to your charts. Erin focuses in on two sectors that are... READ MORE
Say what you want, but January has proven to be a very reliable predictor of U.S. stock market action from February through December since 1950 and, with just a little more than a week left to go in January 2023, market action is suggesting that we're going... READ MORE
At EarningsBeats.com, we keep a Short Squeeze ChartList (SSCL). There are currently 42 stocks on it that have very high percentages in terms of short percentage of float. What these stocks have in common is a propensity for short sellers to panic and cover their short positions as price... READ MORE
Over the past couple of weeks, it has been categorically mentioned that, so long as the NIFTY stays below the 18300 levels, it is likely to continue to consolidate in the present range. The index has created a very well-defined trading range for itself at the moment, and has... READ MORE
The S&P 500 index has been trending lower since its peak in January 2022, but this decline could be a long correction after a massive advance. The pattern taking shape and the retracement amount is typical for corrections. Today's article highlights this setup and shows the... READ MORE
I like to keep my process simple. That means I define the market trend using a simple combination of exponential moving averages. That also means that my charts are relatively straightforward, avoiding too many indicators and sticking to what I consider simple measures of trend and momentum. So when I... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish bias in the broader markets while highlighting which areas are in a position to trade higher. She also discusses what's driving stocks higher and what to be on the lookout for going into... READ MORE
As the week ends, let's use GoNoGo Charts to get sense of market moves. The chart below shows the $SPY with daily prices and the full suite of single security GoNoGo Indicators applied. Price moved higher into midweek before tumbling on Wednesday. The last bar of the week... READ MORE
This past week, I got to talk a lot about inflation, something many have thrown in the towel about. But not us! In particular, I sat down with Charles Payne during his show Making Money with Charles Payne on Fox Business. He prepared a list of questions for me. Charles:... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus,we're talking process! Grayson digs into some of the tools that he personally uses on StockCharts to manage his watchlist. We've got a lot happening right now in the markets, including talk of... READ MORE