Chart 1 reflects the fact that some market averages are on the edge of a cliff, in the form of major support trendlines marking the lower edges of potential top formations. Another, such as the Russell 2000, has already completed a top and is edging below a subsequent trading range.... READ MORE
Inflation is a spotlight topic in the media, with more reports and predictions surfacing every day. Since the Fed has been sorely wrong on its inflation predictions, the country is closely monitoring interest rate hikes. As prices increase and potentially look to move higher, people are feeling the pain. While... READ MORE
The Relative Rotation Graph that shows the rotation for currencies against the USD as the base is sending us a very clear picture! USD Strength The graph holds the G10 currencies. As we are plotting against the USD base, it means that there are nine tails on the canvas and... READ MORE
In this week's edition of Moxie Indicator Minutes, TG outlines the market action post-Fed meeting. He does this by deep-diving into the SPY's price action and comparing it to previous market conditions. Then, he will explain why this may only be the beginning to bear market... READ MORE
On this week's edition of the GoNoGo Charts show, Alex and Tyler are back from the CMT Symposium in Washington D.C. and excited to dig into the markets! Following a big rally mid-week, they run through all the charts of interest and discuss the importance of keeping... READ MORE
In today's environment, it can be difficult to determine if the market is going to turn or keep declining. On this week's edition of Stock Talk with Joe Rabil, Joe discusses the importance of having a self-regulating trading pattern, and shows how your plan can help... READ MORE
Yesterday's monster rally was not expected by most people, me included, and it left me a little disoriented. For weeks the Fed has been expected to raise interest rates by 50 basis points, and the realization of that expectation should have caused the market to sell off, shouldn&... READ MORE
STOCK SELLING RESUMES... Stocks are being sold heavily today and are totally reversing yesterday's Fed relief rally. Stocks have given back all of Wednesday's price gains and look poised to fall further. Chart 1 shows the Dow Industrials falling sharply today after meeting resistance at their... READ MORE
The rate increase came in, as expected, at half a percent, showing that the Fed is going for the safest play instead of pushing for a .075% increase. With that announcement, the market made a late-day rally. While all the major indices have similar price action, we will focus on... READ MORE
With the market being iffy at best, now's a good time to take a step back. On this week's edition of Trading Simplified, Dave starts the show by talking about how the markets really work. He follows with a discussion about how to use his "... READ MORE
The current sector rotation still shows all defensive sectors inside the leading quadrant, albeit with a slight loss of relative momentum (JdK RS-Momentum scale). Nevertheless, the relative uptrends in those sectors are still intact. Consumer Staples Relative strength of the staples sector vs. SPY is in a clear pattern of... READ MORE
I'll get to the Fed element later, but, first, a few words on the Dow Jones Global Stock Index. Chart 1 shows that it has been experiencing a series of declining peaks and troughs since last November. That's not a bullish sign. Neither is the fact... READ MORE
In reference to Monday's article, we are watching for signs of a reversal in the major indices based on price and momentum. As a follow-up, we can also look at Mish's Economic Modern Family to see which areas are holding, with strength going into Wednesday'... READ MORE
In this edition of StockCharts TV's Sector Spotlight, for this first Tuesday for the month of May, I review the completed monthly charts for April. This process takes up almost the entire show, so you will get a thorough feel for what's going on at the... READ MORE
How low can we go? On this episode of DecisionPoint, Carl walks viewers through the FAANG+ mega-cap stocks. Using earnings per share and P/E, Carl shows how to find "fair value" support. Erin discusses oversold indicators now versus 2020 bear market low. She then analyzes technical support... READ MORE
This Wednesday, the Fed will announce an interest rate increase. So far, expectations are for +0.5%. While some believe this is too high, as the market is struggling, others believe the Fed needs to be more aggressive and push rates up by 0.75%. One reason for a smaller... READ MORE
When studying the markets chartists can tend to become myopic and close in on smaller and smaller timeframes (certainly that is the case for this Wyckoffian). Meanwhile, the tsunami of monster trends can engulf portfolios with unexpected reversals. A powerful antidote to this vulnerability is awareness of the major price... READ MORE
I thought this article that I wrote over three years ago on January 11, 2019 is quite appropriate for today. If you have read my blog you know that I use the Nasdaq Composite as my measure of the market and it is down significantly as I write this. Enjoy!... READ MORE
A BAD APRIL ENDS UNDER PRESSURE... Stocks fell sharply on Friday to end one of the weakest months in recent memory. The Nasdaq market lost -13.2% to register its worst month since 2008. The S&P 500 and Dow lost -8.8% and -4,9 % and experienced the... READ MORE
Bollinger Bands are the volatility bands placed above and below the Moving Average. Being based on volatility, the bands widen and narrow, i.e. they adjust themselves dynamically as the prices move. When the prices are volatile, the Bands widen with the increase in volatility; they contract in times of... READ MORE
While continuing to trade precisely on the expected lines, the NIFTY continued to struggle to keep its head above the key levels as it closed the week on a flat note with a negative bias. All the five days of the week stood very shaky for the markets; NIFTY either... READ MORE
My weekly investment routine involves a review of key sentiment indicators every Thursday. This is mainly because the survey data I review is usually updated on Wednesday and Thursday of each week, so it's a perfect time to reflect on survey data (how investors are voting with their... READ MORE
On this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews what's driving market weakness and what to be on the lookout for over the coming weeks. She also shares pockets of strength in an otherwise bleak market. This video was originally broadcast on April 29,... READ MORE
Over the past two weeks, we have heard from many of the most visible companies in the world, including the FAANG stocks, Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google (GOOGL), who reported their Q1 earnings. The overall market reaction to the reports was mixed with traders particularly... READ MORE
On Friday, the Nasdaq 100 (QQQ) closed -4.4% on the day. Not far behind came the S&P 500 (SPY) at -3.6%, along with the Russell 2000 (IWM) at -2.8%. This comes after each failed to hold support from previous lows dating back to mid-March. While... READ MORE
The Golden Cross Index (GCI) and Silver Cross Index (SCI) give a much better picture of market breadth than any advance-decline based indicator. And, rather than breadth, we think of them as giving an accurate measure of participation -- the percentage of stocks participating in the up or down pressures... READ MORE
In this week's edition of Moxie Indicator Minutes, TG covers the overall market action after some key players reported their earnings. How did Google, Facebook, Amazon, and Apple affect the market? He then goes into detail on where he thinks the market is headed next. This video was... READ MORE
On this week's edition of the GoNoGo Charts show, U.S. markets continue to sell off as the picture of the asset classes change. Stocks join bond prices in a strong "NoGo" as commodities and and the dollar continue to maintain their "Go" trends.... READ MORE
A few weeks ago, I wrote a piece entitled "The Fed Raises Rates; What if it's Already Priced into the Market?". The idea was to point out that the Fed is a lagging indicator and that multiple bond yields had already reached mega resistance in the... READ MORE
In this week's edition of Stock Talk with Joe Rabil, Joe explains why the 18 Moving Average is so important to him. He shows 4 time frames with a single moving average on the SPX and discusses how valuable they have been over the past few years. He... READ MORE
With the general market going through a rough time at the moment, it makes sense to see if we can find pockets that are worth watching and potentially holding in portfolios. For this occasion, I am using the DJ Industrials universe. As you know Relative Rotation Graphs are based on... READ MORE
For the past 10 years, dip-buying weakness has worked out very well, as the market has only been under pressure for short periods. However, the economy and world are in a new situation, one that involves geopolitical stress, rising inflation and the continued recovery from the pandemic. With that said,... READ MORE
On this week's edition of Trading Simplified, Dave talks about what he actually does and the methodology behind it. He discusses "Pirate Profits", how to find where the money is and how to get there through proper money management. Dave also discusses an opening gap reversal... READ MORE
Let me start off by saying that nothing is a guarantee. In technical analysis, we don't work in guarantees. We work in probabilities. As I approach earnings season, I like to separate companies into 3 baskets: 1. The strong 2. The weak 3. The I don't... READ MORE
Mish's "Economic Modern Family" is made from 7 keys symbols that act as a guide for the stock market macro picture. The Family consists of the small-cap Russell 2000 index (IWM), Transportation (IYT), Retail (XRT), Regional Banking (KRE), Biotech (IBB), Semiconductors (SMH) and Bitcoin (BTC). Just... READ MORE
In this edition of StockCharts TV's Sector Spotlight, as it is the last Tuesday of the month, I bring in my analysis of the seasonal patterns for sectors for the new month (of May) and try to align them with the current rotations as I see them unfolding... READ MORE
Carl was unable to join Erin for this episode of DecisionPoint, but she packed a punch with plenty of charts to give you the current "state of the market". As noted in the headline, it is UGLY out there. Where's the strength? Erin does an in... READ MORE
On Monday, the small-cap index Russell 2000 (IWM) found support near the bottom of its range. After last week's selling, this could either be a temporary bounce or a fake-out before weakness again sets in. Because we are looking at the stock market from a rangebound perspective, we... READ MORE
In addition to my non-stop writing in 2022 about the bearish market environment and why I believe we're going lower, I've also provided EarningsBeats.com members with some valuable historical information. Here was an excerpt from last Monday's Daily Market Report (DMR) to our... READ MORE
The bulk of the past five sessions was spent on a corrective note by the Indian equity markets. There were bounces that did not sustain as the NIFTY struggled to keep its head above the 200-DMA level. The previous week saw a wide trading range of 590 points. In the... READ MORE