KEY TAKEAWAYS * Carvana stock fell behind in its ranking during its August–September pullback, but it's now gaining momentum. * From a weekly perspective, the uptrend in Carvana looks solid. * Watch the Fibonacci retracement levels on the weekly chart to identify your entry and exit points. On August 5,... READ MORE
KEY TAKEAWAYS * The Fed cut interest rates by 50 basis points and shifts focus to the economy. * Stock market rallied after the Fed's interest rate cut decision but closed lower. * Treasury yields rose while bond prices fell. The stock market received what it expected from the Federal Reserve—... READ MORE
As part of Carl's review of Gold charts, he explained how we use the close-ended fund, Sprott Physical Gold Trust (PHYS) to measure sentiment for Gold. Depending on how PHYS trades, it trades at a discount or premium based on the physical Gold that it holds. These discounts... READ MORE
KEY TAKEAWAYS * Stocks make a strong recovery after last week's selloff. * Large-, mid-, and small-cap stocks closed higher, with small caps the clear leader. * Gold and silver prices surged on interest rate cut expectations. This week's stock market action may have caught many investors by surprise.... READ MORE
KEY TAKEAWAYS * Tech bounce is judged as recovery within downtrend. * XLP, XLF, and XLV are positioned for outperformance in coming weeks. * The XLP chart is showing interesting characteristics which we have seen before Tech Rallies, But Remains Inside the Lagging Quadrant A quick look at the Relative Rotation Graph for... READ MORE
KEY TAKEAWAYS * Insmed (INSM) has been near the top of the StockCharts SCTR report for weeks. * Insmed's stock price has pulled back, but maintained its high SCTR score. * Insmed could be posed for an upside move. Numerous companies are making strides within their respective sectors, but, unless you... READ MORE
The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in response to investors losing confidence in the AI trade in general. Carl gives us a complete picture of the Magnificent Seven in the short and intermediate terms. It doesn't... READ MORE
After initially forming a fresh incremental lifetime high, the markets succumbed to selling pressure from higher levels after spending some indecisive sessions during the week. The week that went by saw some early signs of the Nifty entering into broad corrective consolidation while ending near its low point of the... READ MORE
KEY TAKEAWAYS * Broader stock market indexes sell off as investors fear rate cuts may be too late. * Treasury yields fell to their lowest yearly levels. * Big Tech stocks got hammered, with semiconductor stocks getting hit the hardest. After a week of wavering action, the stock market made a directional move—... READ MORE
KEY TAKEAWAYS * Tesla's stock price has been gaining technical strength, evident from its daily and weekly price charts. * An analysis of Tesla's stock price shows a potential intermediate-term trading opportunity. * Before entering a buy position, be sure to identify your entry and exit positions. When the... READ MORE
KEY TAKEAWAYS * In March 2024, certain hedge funds began heavily shorting MicroStrategy stock. * Microstrategy was a meme stock that surged 300% from February to March. * While many investors got burned when Microstrategy's price tanked, there were clues that short sellers were taking over the stock. In early 2024,... READ MORE
The past session for the markets stayed quite trending, as the headline index continued with its upward move. While extending its gains, the Nifty 50 Index ended the week on a very strong note. Witnessing a strong momentum on the upside, the market expanded its trading range as well. The... READ MORE
KEY TAKEAWAYS * SPY is pushing against resistance. * The technology sector is out of favor, and semiconductors are a drag for it. * NVDA is big, but it is not the only semiconductor stock. It's All Still Relative The weekly Relative Rotation Graph, as it looks toward the close of... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average closed at a record high in a thin trading day. * The Financial sector continues to lead. * Overall, the stock market remains healthy with low volatility. The thin trading ahead of Labor Day weekend is here. Despite that, on Thursday, the Dow Jones Industrial... READ MORE
KEY TAKEAWAYS * The leading sector today was the Financials, followed by Health Care and Utilities. * Technology stocks sold off significantly and was the worst sector performer. * With interest rate cuts expected in the next FOMC meeting, financial stocks have the potential to rise further. Today's MarketCarpet was a... READ MORE
KEY TAKEAWAYS * The first step when deciding which stocks to invest in, should be to monitor the broader market * After getting an idea of the overall market, drill down to the different sectors * The last step is to zero in on the industry and identify the stocks that are moving... READ MORE
It is a big week for earnings and NVIDIA (NVDA) is at the top of the list! Erin gives you her view on whether to hold into earnings based on the technicals of the chart. She also reviewed other stocks reporting on Wednesday: CRM, CRWD, HPQ and OKTA. Carl talks... READ MORE
KEY TAKEAWAYS * PayPal broke out from its two-year consolidation and triggered a new bullish signal * The next upside target for the bullish trend in PYPL is around the $90 level * The call vertical options strategy can be used to capitalize on the upside breakout in PYPL Earlier this year, in... READ MORE
KEY TAKEAWAYS * Sector rotation out of technology * All other sectors are picking up relative strength * Real-Estate, Utilities, and Financials showing strong rotations On the weekly Relative Rotation Graph, the rotation still favors almost every sector over Technology. I discussed the opposite rotations between weekly and daily RRGs in last week&... READ MORE
KEY TAKEAWAYS * Workday, Inc. stock rose higher on strong earnings and guidance * If Workday stock rises with strong momentum and technical strength, the stock has potential to make for a favorable intermediate-term position trade * Learn how to set an alert for WDAY stock price to cross a specific threshold When... READ MORE
KEY TAKEAWAYS * Peloton shares jumped over 38% on Thursday following an earnings surprise * Having fallen 97% from its record peak, Peleton could present investors with a ground-level market opportunity * With the breakout well underway, here are the actionable levels to watch as Peloton stock surges ahead or dips back down... READ MORE
In this video from StockCharts TV,Julius looks at the conflicting rotations in both asset classes and equity sectors. The weekly rotations differ significantly from their daily counterparts. What does it mean for the current rally in the S&P 500, and what does it mean for the relationship... READ MORE
Today Carl and Erin discuss the potential of a housing crash as more evidence is coming in that many haven't thought of. Private Equity firms have become very involved in the housing market, buying up properties on high amounts of leverage. What happens when it's time... READ MORE
KEY TAKEAWAYS * Dell stock is rising from its lows and is worth putting on your radar * Dell stock is seeing technical improvement but needs more momentum * There are clear entry and exit points on the daily chart of Dell When the general market is recovering from a pullback, there can... READ MORE
KEY TAKEAWAYS * Rotation to large-cap growth is back * And so is the narrow foundation/breadth supporting this rally * Weekly and daily $SPX charts need to get in line Stronger than Expected The recent rally out of the August 5th low is definitely stronger than I had anticipated. I was watching... READ MORE
KEY TAKEAWAYS * Cooling inflation data added some optimism in the market although trading volume was low * The broader stock market indexes are seeing some daylight as they pop their heads out after being underwater * The Mag 7 stocks are showing strength, which means there could be some buying opportunities soon... READ MORE
KEY TAKEAWAYS * Starbucks' stock price saw a massive jump and SCTR score on Tuesday * Much of SBUX's stock price movement is sentiment-driven, so the price spike could be short-lived * StockCharts SCTR tool identified SBUX as a strong stock, and a more thorough analysis can determine if the... READ MORE
Mortgage Rates fell quite a bit this past week and no one is really talking about it. One area that we will want to watch closely as rates fall is Real Estate (XLRE). This sector has already been moving in the right direction. It now has an opportunity to rally... READ MORE
The market extended its corrective move in the previous week; over the past five sessions, it has remained quite choppy and totally devoid of any definite directional bias. It absorbed a few global jerks and saw gaps on either side of its previous close on different occasions. While the level... READ MORE
KEY TAKEAWAYS * Scanning for breakouts on heavy volume * Momentum confirmations of underlying trends * Leading Equities in trend continuation Top 5 Stocks in "Go" Trends Trend Continuation on Rising Momentum GoNoGo Charts® highlight low-risk opportunities for trend participation with intuitive icons directly in the price action. The resurgence of... READ MORE
In my last newsletter,I discussed cycle projections for the S&P 500, i.e., a rally and then down into a mid-September low. The recent price action in the stock market may have many of you wondering when to open long equity positions. My cycle work suggests we... READ MORE
KEY TAKEAWAYS * Carvana stock takes the lead in the large-cap stocks SCTR Report * CVNA stock has established an upside trend with higher lows and higher highs * Carvana's stock price is holding above its 21-day exponential moving average On a day when the S&P 500 ($SPX) drops... READ MORE
The market is dropping perilously right now and so it is time to review Bear Market Rules. Today Erin and Carl share their rules for trading during a bear market move. We aren't officially in a bear market and we may not get there, but there is likely... READ MORE
The previous week turned out quite volatile for the markets as they not only marked a fresh lifetime high but also faced corrective pressure as well towards the end of the week. The markets maintained an upward momentum all through the week. It scaled the psychologically important 25000 level as... READ MORE
KEY TAKEAWAYS * Weak manufacturing and jobs data sends investors into panic mode * All broader stock market indexes fall over 2% * Bond prices rise The dog days of summer are here. And the stock market gives us a brutal reminder of this. The first trading day of August began on a... READ MORE
KEY TAKEAWAYS * Some real damage for the markets * Equal weight sector rotation paints a more realistic picture * The BIG ROTATION into small caps has come to a halt And then ..... all of a sudden..... things are heating up. Lots of (downside) market action in the past week. Let's... READ MORE
KEY TAKEAWAYS * Small caps saw an impressive surge in July, outpacing the S&P 500 in that month alone. * IWM, a Russelll 2000 proxy, is only 8% away from its all-time highs, potentially signaling the start of a new bull market. * As IWM pulls back (along with the rest... READ MORE
This week we have four Magnificent Seven stocks reporting earnings. We also take a look at McDonalds (MCD) and Ford (F) going into earnings. How are the chart technicals setup on the precipice of earnings? Carl and Erin give you there thoughts. Carl reviews the DP Signal Tables to see... READ MORE
This week saw the major equity averages continue a confirmed pullback phase, with some of the biggest gainers in the first half of 2024 logging some major losses. Is this one of the most buyable dips of the year? Or is this just the beginning of a protracted decline with... READ MORE
KEY TAKEAWAYS * After two days of massive selloffs, Friday's recovery offers some hope. * Investors await earnings from mega-cap tech companies, economic data, and Fed meeting. * Small caps continue to trend higher. Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But... READ MORE