NOT MUCH OF REBOUND...This time last week it seemed clear that stocks had put in a short-term bottom marking the start of a potential bear market rally. So far at least, that rally hasn't gone very far. The three charts shown below show the same overhead resistance... READ MORE
Breaking down the US sector universe into three groups (as opposed to two) -- Offensive/Cyclical, Defensive and Sensitive -- shows the current rotations as seen in the Relative Rotation Graphs above. It is pretty clear, IMHO, that the defensive group (still) stands out. All three sectors -- Consumer Staples,... READ MORE
I've written that bear market rallies can be sudden, severe and seductive. The move off the lows in May certainly seems to check all three boxes!Using analysis of price action, breadth indicators and volume techniques, I'll show how the similarities between the current market upswing... READ MORE
The Russell 2000 (IWM) closed over its previous 3 trading days, making a small breakout from a consolidation area that has also held over its 10-Day moving average at $181.38. Additionally, many of Mish's Economic Modern Family members are following the same pattern as seen in the... READ MORE
The long-term technical position of gold is extremely finely balanced and could easily tip into a full-fledged bear market, or start a new secular up leg to the bull trend that began in the opening years of this century. Chart 1 really says it all. First, it expresses gold adjusted... READ MORE
Larry is back and ready to weigh in with his forecast of where stocks—and the economy—are headed in this new StockCharts TV special. He takes a look at some of the "Fallen Angels" of the market and discusses the ongoing situation with inflation. Afterwards, he focuses... READ MORE
Investors and analysts see signs of life amid risk assets – bullish divergences, holding support, relief in rates and weakening USD – however, bear market relief rallies can be tempting and destructive. On this week's edition of the GoNoGo Charts show, Alex and Tyler look through signs across asset classes... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows specific ways to handle V-bottom patterns, as well as Fake-Out patterns. By looking at multiple time frames and using key price levels, we can look to be more aggressive when the situation is suitable. He then... READ MORE
Hands down, this is the best day of 2022. There have been better days in terms of percentage performance, but considering the negative economic news this morning, it's quite noteworthy that money is rotating into aggressive sectors at the expense of defensive sectors. At our MarketVision 2022 event... READ MORE
Buying ahead of taking out last week's high was premature. Getting overly negative unless we fail last week's low is equally premature. I realize how sexy it is to be either very bullish or very bearish. And I realize that given many different reasons, the sentiment... READ MORE
Since 2010, QE saved the markets and the economy, which in turn led to big tech as the 10-year bull market savior. The monthly chart of QQQs, which goes back from the dot com bubble, highlights the run that began in 2010. Yet it also shows that it took another... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I begin with an update on current rotations in asset classes and sectors, highlighting continued strength for defensive sectors. As this Tuesday (5/31) is both the last Tuesday of the month (of May) and the end of the month,... READ MORE
If there is one chart we should be watching at the moment, it should be, IMHO, the ratio between Growth and Value stocks. The image above shows this relation on a weekly chart going back 15 years. After a multi-year rising trend and an almost exponential acceleration in 2019-2020, a... READ MORE
It was a week of consolidation; a positive consolidation, in fact, where the markets oscillated in a broad range before closing the week with mild gains. The NIFTY saw itself trading in a 511-point range, as compared to the 690-point range in the week before this one. In the last... READ MORE
2022 has been a clear bear market phase for risk assets, particularly the equity markets. The signs were building in January, seemed validated by a new low in February, then were absolutely confirmed with the failed breakout above 4600 in late March. Somewhere in the first three months of the... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the price action that signaled that the markets are in a new uptrend. She also shares stocks poised to participate and what to be on the lookout for to indicate that the rally will continue. This video... READ MORE
In this week's edition of Moxie Indicator Minutes, TG discusses the bear market sentiment in the market and the factors that got us here. He then explains why he thinks we should prepare for choppy price action ahead. This video was originally broadcast on May 27, 2022. Click... READ MORE
WEEKLY S&P CHART SHOWS OVERSOLD CONDITION... Stocks are having their best week in two months which suggests that a short-term bottom may be in place. Before looking at daily charts, however, it's worth checking a weekly chart to keep things in perspective. The weekly bars in... READ MORE
There are two commodity ETFs with falling wedge patterns working. One falling wedge resulted in a deep pullback and the other in a shallow pullback. Either way, I view these falling wedges as corrections within uptrends and am watching for breakouts. This article will look at the deep pullback in... READ MORE
On this week's edition of the GoNoGo Charts show, Alex and Tyler take a look through the markets and discuss how the "Go" trend in the dollar is being tested for the first time in months. Likewise, the relentless rising rates of the last few months... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe Rabil discusses how he uses a specific MACD pattern in 2 consecutive time frames to help to improve and confirm entry. He starts with a weekly chart, showing the shift in trend and where the best high-probability... READ MORE
On this week's edition of Trading Simplified, given the iffy nature of the market, Dave takes a 30,000 view using longer-term Landry Light to see where we are. He continues his discussion about "performance-based investing" and how simple tools such as the "net-net"... READ MORE
Energy plays have some of the best chart setups right now, from a momentum breakout standpoint. A perfect example of this can be seen in the above chart of the United States Oil Fund (USO). Currently, USO has been consolidating within an upward trend near its key resistance area, from... READ MORE
The RRG below shows the tails for the DJ Growth and -Value indexes against the DJ US index. In January of this year, the Value tail crossed over into the leading quadrant while, at the same time, Growth crossed into the lagging quadrant. After a strong stint, the tails started... READ MORE
I began studying stock market behavior back in the 1980s. It started as a result of my practicing CPA days. While auditing clients, I realized that most of my clients had consistent payroll dates that were generally the beginning and middle of the month. That's a lot of... READ MORE
For the moment, the downward trend remains intact as the market and media embrace more negative news. News of a housing market top, increasing inflation, geopolitical stress and more add a dampener to investor sentiment. However, when everyone becomes bearish and is calling for more decay, this could be a... READ MORE
I will attempt to show that high sigma is a much more frequent event than modern finance thinks it is. A few examples using the Dow Industrials back to 1885 on a daily basis are shown. Each begins with determining a look-back period to determine the average daily return and... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I talk you through the rotations for asset classes and sectors as they are currently unfolding. At asset class level, the improvement for fixed-income-related assets is worth noticing, as it is pushing stocks (SPY) down and into the lagging quadrant... READ MORE
. . . are doomed to repeat it." The essence of that pithy observation is generally attributed to writer and philosopher George Santayana. I don't think it is usually applied to the stock market, but it should be, and looking at historical charts is the best way to learn from... READ MORE
The country has been under pressure from rising gas prices for months.Even before the Ukraine war, gas was steadily increasing. While the U.S continues to look for solutions to manage prices, from releasing oil reserves to increasing imports, the oil sector could be looking for another big move... READ MORE
The stock market's recent sell-off has made the front pages and top headlines in TV broadcasts, and CNN's famous Fear and Greed Index has fallen to an extreme level of fear. My contrarian bones say it's time for a rally. Is that right? Yes... READ MORE
The DB Base Metals ETF (DBB) is reversing its downswing after becoming oversold within an uptrend. This analysis will cover the long-term trend using the chart and Trend Composite, the oversold conditions using the Momentum Composite and the short-term breakout over the last few days. DBB fell some 18% from... READ MORE
The five sessions over the previous week were gripped with insane volatility; four out of five days saw the NIFTY gapping either on the up or on the downside. The wild moves are not reflected on the weekly charts, but the close examination of the daily chart made this behavior... READ MORE
I've been warning all year about this cyclical bear market and, unfortunately, it's not over just yet. Sentiment is turning more and more bearish, which is good, but we haven't seen the peak to mark the market bottom. That will take time and patience.... READ MORE
The markets have fallen for seven consecutive weeks, with the S&P 500 having its worst period in over 20 years (which was back when investors were grappling with the dot-com bubble burst). Today, this Index briefly fell into bear market territory, which is marked by a 20% decline... READ MORE
It is super difficult to disconnect from the emotional impact of investing. I've often spoken of the dangers of endowment bias, where we tend to hold on to a losing position despite very clear evidence that we should cut our losses.As legendary technical analyst Ralph Acampora told... READ MORE
For a bird's eye view of developments in international stock markets, I use a Relative Rotation Graph that shows the rotations for a group of international stock indexes. The RRG below shows the weekly rotation for this group. You can find this under the pre-defined groups in the... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the status of the markets, highlighting areas and stocks that have positive charts and why. She also discusses the sector that was hardest hit this week, with further downside ahead. This video was originally broadcast on May... READ MORE
The small cap-index Russell 2000 (IWM) is hanging onto support from the 200-week moving average at $176.19. Last week, it dipped below the moving average with a low of $168.90. With that said, it looks as though IWM is trying to find temporary support in this price area... READ MORE
In this week's edition of Moxie Indicator Minutes, TG starts out with a deep dive of the SPY's price action. What does yesterday's sideways chop mean for the direction of the market? TG then talks about the recent 20% overall correction we have seen.... READ MORE