On this week's edition of Stock Talk with Joe Rabil, Joe explains how he uses a rising volatility condition to signal increased risk. He then discusses what needs to take place to offer a nice trading opportunity, and shows how to adjust your approach when volatility is increasing.... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave focuses in on price pattern analysis for the S&P 500, then reflects on the emergence of defensive sectors like consumer staples. He also recaps earnings movers, including DIS, SHOP, and more. This video originally premiered on May... READ MORE
KEY TAKEAWAYS * Novo Nordisk's stock price fell after its Q1 earnings report, but pivoted and reversed * NVO stock could break above its all-time highs * A couple of technical indicators can help confirm your buy decision Novo Nordisk (NVO) reported Q1 earnings on May 2. Even though it was... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps another strong day for stocks as the S&P 500 regains its 50-day moving average. He then identifies key levels to watch for PLTR, LCID, NFLX, NVDA, and AAPL, and breaks down the latest market breadth indicator... READ MORE
The markets traded in a much wider range in the past trading week. Over the past few days, we had seen the markets and the VIX inching higher, i.e. moving in the same direction. In the previous technical note, we had expressly mentioned this concern, as instances of VIX... READ MORE
KEY TAKEAWAYS * The broader stock market indexes closed higher, but failed to show enough follow through to the upside * Technology stocks were in the lead today and led the stock market higher * The CBOE Volatility Index is back below 15, indicating lack of fear among investors The weaker-than-expected jobs report... READ MORE
KEY TAKEAWAYS * Comparing equal-weighted and cap-weighted sectors on a Relative Rotation Graph can offer interesting insights * When the trajectory of the tails and their position on the chart differ significantly, further investigation is warranted * At the moment, two sectors are showing such divergences All on the Same Track... or? The... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Adrian Zduńczyk, CMT of The ₿irb Nest. David recaps a busy earnings week, breaking down the charts of PTON, AAPL, and more. Adrian tracks the recent pullback for Bitcoin and why the long-term uptrend still remains the prevailing... READ MORE
KEY TAKEAWAYS * AMD stock plunged 7% after slightly topping Wall Street estimates * There are three crucial turnaround levels to closely close monitor * Momentum is key when deciding whether to go long, wait, or call off the trade Advanced Micro Devices (AMD) slightly topped Wall Street's earnings and guidance... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes guest Adam Turnquist, CMT of LPL Financial. Dave debriefs on today's Fed meeting market reaction, reviewing concerning technical developments for NVDA, AMD, SMCI, NCLH, and MAR. Adam relates short-term weakness in growth stocks to long-term strength... READ MORE
Today Carl puts the spotlight on the Magnificent 7 with a look at not only the daily charts, but also a review of the intermediate term using weekly charts. See where they are headed short-term and what are our expectations are in the intermediate term. Carl also gave us his... READ MORE
KEY TAKEAWAYS * Defensive Sector Leadership * Risk Off Macro Environment * Opportunities in Electricity Utilities Companies Chart Above (XLU:SPY) highlights trending relative strength of Utilities Sector. Watch Video below for details: The S&P500 trend conditions have continued this week in "NoGo" conditions despite relief rallies. Alex Cole... READ MORE
KEY TAKEAWAYS * Alphabet shocked Wall Street on Thursday when it reported earnings, its first dividend, and a $70-billion buyback * The stock gapped up 16%, its biggest since 2015 * Alphabet's technical "undervaluation" and quirks signaled the go-ahead to go long Using technical indicators to identify stocks fundamentally... READ MORE
KEY TAKEAWAYS * Value stocks are taking over the lead from Growth * When Value beats Growth, the S&P 500 usually does not do too well * The strength of Value is surfacing across all size segments of the market * Important support areas for SPY at 480 and 460 Value Taking... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Ryan Redfern, ChFC CMT of Shadowridge Asset Management. David highlights companies reporting earnings this week, including TSLA, V, ENPH, STLD, STX, ODLF, and GD. Ryan shares key levels to watch on the S&P 500, along with... READ MORE
KEY TAKEAWAYS * TSLA has been riding a long and volatile downtrend since 2021 * Tuesday's earnings were dismal, yet the stock jumped 16% after an announcement about near-term EV production * The big question is if the gap up in TSLA's stock price has any substance or if... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave examines names making moves in the market like Tesla (TSLA), Verizon (VZ), and Nucor (NUE). Explore the world of equity benchmarks and learn how large caps, mid caps, and small caps can offer unique opportunities based on sector rotation... READ MORE
Today Erin shared her Diamond Dog Scan that she uses to find shorting opportunities. She was able to uncover five possible shorts. She discusses each chart and let's you know what she looks for in a good short. Carl did the market overview with special attention paid to... READ MORE
KEY TAKEAWAYS * Early breakdowns from AAPL and TSLA provided initial warnings of a late stage bull market. * Exponential gains in stocks like SMCI and MSTR have now turned into steep pullbacks with both stocks breaking below moving average support. * With AMZN and NFLX finishing the week below their 50-day moving... READ MORE
KEY TAKEAWAYS * Meta's prospects look bullish mostly due to the rollout of Meta AI, which is expected to lead to substantial growth in ad revenue * While analyst price predictions show a wide range, consensus ratings lean towards a "Buy" to a "Strong Buy" * Technically,... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes guest Tyler Wood, CMT of GoNoGo Charts. Tyler walks through their proprietary momentum model which confirms a bearish rotation for the major equity benchmarks yet a bullish rotation for the commodity space. David walks through key earnings names... READ MORE
KEY TAKEAWAYS * NFLX is close to a strong resistance level and could break above it if the company beats earnings estimates * Netflix's stock price has been trending higher since July 22 after the stock took a deep plunge * Expect a lot of volatility after NFLX announces earnings on... READ MORE
KEY TAKEAWAYS * AMD is in a technical (near-term) downtrend, but its fundamentals promise otherwise * AMD's stock price is trailing NVDA, though its lead over the rest of the industry appears to be waning * AMD is in a technical "buy" range and the potential for a bullish... READ MORE
Carl opens the show with a view of the final earnings results for 2023 Q4! His chart reveals whether stocks are fair valued, overvalued or undervalued. Get his take on the current readings. Carl gave us his market overview including Bitcoin, Gold Miners, Gold and Crude Oil and many more.... READ MORE
Going into the previous week, the markets had been expected to inch higher; however, at the same time, while it was believed that incremental highs may be formed, it was also expected that a runaway move would not happen. Over the past four trading sessions, the markets traded precisely on... READ MORE
KEY TAKEAWAYS * Dow Jones Industrial Average, S&P 500, and Nasdaq Composite dropped * Gold keeps hitting new highs * The VIX spiked above 18 but closed at 17.31 Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run?... READ MORE
KEY TAKEAWAYS * The energy sector remains on a very strong rotational path * A completed top formation in Healthcare opens up significant downside risk * Smaller Technology stocks are taking over from mega-cap names A Sector Rotation Summary A quick assessment of current sector rotation on the weekly Relative Rotation Graph: XLB:... READ MORE
KEY TAKEAWAYS * NVDA stock is rising as the broader market sells off * NVDA is technically and fundamentally strong and is outperforming the S&P 500 * NVDA's stock price has broken above a downward channel, which could be the start of the next uptrend Sometimes, it helps to... READ MORE
In the previous technical note, it was categorically mentioned that, while the markets may attempt to inch higher, they may not form anything beyond minor incremental highs and could largely continue to stay under consolidation. In line with the analysis, the Nifty did form a new lifetime high, but eventually... READ MORE
KEY TAKEAWAYS * A stronger-than-expected jobs report sent the stock market higher * Several stocks and ETFs hit new all-time highs today * Commodity prices continue to rise One day doesn't make a trend—that's one lesson we learned from this week's stock market action. The March... READ MORE
KEY TAKEAWAYS * Energy sector is breaking higher on price chart * XLE's RRG tail is continuing to pick up steam * The exploration & production industry is leading inside the energy sector Strong Rotation on the Weekly RRG For a few weeks now, the improvement in the energy sector (XLE)... READ MORE
The Markup Phase of a Bull Market is glorious to behold and participate in. But they do ebb and flow. The bullish run in the major stock indexes has been persistent in 2024. We often discuss the quarter-end effect for stock index trends and the upward trend has persisted into... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite remains unfazed about interest rates remaining higher for longer. * Commodity prices such as oil, gold, and cocoa are rising, even though inflation seems to be cooling. * The top S&P 500 sector performers indicate the... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave and guest Julius de Kempenaer of RRG Research talk sector rotation, growth vs. value, offense vs. defense, and an outlook for the US equity markets as we begin Q2 2024. Dave also charts the strong breadth readings and low... READ MORE
KEY TAKEAWAYS * Consumer Discretionary Beating Staples * Sectors Pushing Against Major Resistance Levels Summary The Relative Rotation Graph for US Sectors for this week mainly shows a continuation of the rotations as they were underway last week. XLB: This is moving from lagging into improving at a strong RRG-Heading, underscoring the... READ MORE
To paraphrase the late great contrarian Humphrey Neil: When everyone thinks alike, it's usually time to look for a turn in the market. It seems to me, after reviewing an unscientific survey of the financial media, that everyone and his dog (no disrespect to our canine friends) is... READ MORE
Today Carl and Erin reviewed the Boeing (BA) chart together discussing the technical ramifications of the step down of the CEO and two other board members. We do note that the CEO will finish out the year so problems could continue throughout the year. The technicals on the chart are... READ MORE
After a corrective action the week before, the markets continued to wear a tentative look throughout this past week as well. In the previous technical note, it was mentioned that the level of 22525 has become an intermediate top for the markets, and any runway upsides should not be expected.... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite are holding strong * Gold and the US dollar trend higher in spite of dovish Fed comments * Cannabis stocks trade higher on news of partial legalization in Germany It was an action-packed week in the stock market.... READ MORE
By now it's common knowledge that the Chinese property sector is in crisis, foreign investment has slowed, and youth unemployment is at record levels. Should be time to sell Chinese equities, right? After all, we don't know when the other shoe is going to drop. They... READ MORE