KEY TAKEAWAYS * The stock market continued to move sideways as investors continue to be indecisive * Speech from Fed Chair Powell and Fed meeting minutes could send the market in either direction * Friday's jobs report could impact price action in the stock market The stock market's theme... READ MORE
KEY TAKEAWAYS * Scanning * screening * Idea Generation * Market Breadth Join Tyler Wood, CMT, in this insightful tutorial where he demonstrates how to effectively scan for GoNoGo conditions using StockCharts.com. GoNoGo Charts, a powerful method developed by Alex Cole and Tyler Wood, blend foundational tools in technical analysis into a powerful... READ MORE
2024 has been a year marked by exceptional returns for a relatively small number of high-flying growth stocks. In recent weeks, top performers like Nvidia (NVDA) have pulled back, and Super Micro Computer (SMCI) remains well below its all-time high from earlier this year. So can the major equity benchmarks... READ MORE
KEY TAKEAWAYS * NVDA shares prices are falling, but it doesn't necessarily mean that the AI trend is at an end * Expect near-term weakness in NVDA's stock price but keep in mind that longer-term prospects present a different picture * Watch key support levels since ultra-bullish sentiment could... READ MORE
KEY TAKEAWAYS * Berkshire Hathaway Class B shares are poised for an explosive breakout * Fundamentally, BRK/B has been a consistent outperformer and is diversified among different sectors * BRK/B is working its way through a symmetrical triangle formation and could breakout in either direction Berkshire Hathaway needs no introduction. The... READ MORE
The NASDAQ 100 ($NDX) has been surging higher since October 2023 with the pace of advance accelerating in the second quarter of 2024. These 100 components are among the largest market capitalization NASDAQ Composite ($COMPQ) stocks. All of the ‘Magnificent-7' mega-caps are represented in this index. Now the second... READ MORE
Carl brings out his "Grab Bag" during today's free DecisionPoint Trading Room! He gives us a read on Chipotle's (CMG) 50:1 split. He talks about NVDA's strangle hold on the market and gives us homework to read recent articles from David... READ MORE
The markets consolidated throughout the past week, which was a shortened one, with Monday, June 17th being a holiday on account of Bakri Eid. The past five sessions saw the markets staying in a capped range throughout the day. Even when the Nifty kept marking incremental highs, the intraday trend... READ MORE
KEY TAKEAWAYS * Gilead Sciences' stock price got a boost from positive results of a late-stage trial of its HIV drug * While Gilead still needs to replicate its results and seek FDA approval, this may be a good time for traders and investors to get in early on a potentially... READ MORE
KEY TAKEAWAYS * The number of new 52-week highs is declining * The percentages of stocks trading above 200-,50-, and 20-day Exp Moving Averages are declining * Despiote narrowing breadth, the S&P continues higher While the S&P 500 continues to move higher, the number of stocks participating to... READ MORE
Carl and Erin return to the trading room showing you the charts you need to see to start your week! Carl covered the market trends and condition to start the program. He also covers Bitcoin, Dollar, Gold, Silver, Gold Miners, Bonds, Yields and Crude Oil. Carl also gave us a... READ MORE
The week that went by was in stark contrast to the week before that, as the markets remained in an extremely narrow range before closing with modest gains. The markets demonstrated a peculiar feature over the past five sessions; on four out of five trading days, the Nifty 50 came... READ MORE
KEY TAKEAWAYS * American Express (AXP) has pulled back and is in oversold levels, which may present a buying opportunity * AXP has upside potential and, to take advantage of it, you could trade an ITM debit spread * A debit spread has a favorable risk to reward potential that can add long... READ MORE
"We are in the business of making mistakes. Winners make small mistakes. Losers make big mistakes." There are zillions of cliches that paraphrase what Ned Davis said. The umbrella axiom with your portfolio should be to cut your losers. Nude investing is what I label an investor without... READ MORE
Did you know that the equally-weighted RSP is seriously underperforming the cap-weighted SPY? It is losing considerable ground against the SPY and that suggests that if mega-caps fail, so will go the market. Carl shows us charts to prove his point. Next up Carl covers the market in general followed... READ MORE
The markets had an incredibly eventful week as they reacted to the exit polls and general election results. All happened in the same week; the Nifty saw itself forming a fresh lifetime high, and also came off close to 8% from its peak. A remarkable recovery also followed, which led... READ MORE
KEY TAKEAWAYS * Stock market unfazed by today's jobs data * Yields rise, US dollar rises, and equities close the week relatively flat * Market breadth continues to be strong, indicating the stock market is still chugging along It was a bit of a seesaw week in the stock market, but,... READ MORE
KEY TAKEAWAYS * Only Large-Cap Growth is on a positive RRG-Heading * No segment, except LC Growth, has managed to take out its late March high * $DJUSGL setting up for negative divergences Breaking Down Into Growth / Value Using Relative Rotation Graphs to help break down the US stock market into various segments... READ MORE
KEY TAKEAWAYS * Spotify's stock price has been trending higher for the last 16 months * Spotify's stock price could reach its all-time high * Analysts project Spotify's stock price to reach $400 in 2024 and $485 in 2025 Music streamer Spotify Technology (SPOT) isn't... READ MORE
On today's DecisionPoint Trading Room episode Carl and Erin discuss Friday's "Upside Initiation Climax" and whether it can be trusted. With market follow through tepid, they discuss the implications of this very bullish signal. Carl reveals his sentiment of the overall market and covers... READ MORE
KEY TAKEAWAYS * Trend Continuation * Breakouts * Momentum Confirmation * Bull Flags 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 momentum in the direction of the underlying price trend... READ MORE
KEY TAKEAWAYS * The stock market has wrapped the week on a positive note * Consumer Staples stocks may start to show strength in the near future * More macro data is on deck for next week What a turnaround! Today's PCE data, which was in line with expectations, initially sent... READ MORE
KEY TAKEAWAYS * Aflac stock soars, hitting a new all-time high * Indicators suggest the stock is strong and could continue rising * Aflac has the potential to outperform the S&P 500, the Financial sector, and the insurance industry Boring and captivating rarely coexist, except for contrarians who can uncover the... READ MORE
As we approach the highly anticipated results of India's general elections on Tuesday, June 4, market volatility is expected to be at its peak. Exit polls, scheduled for Saturday, June 1, will likely add to the market's uncertainty, causing significant fluctuations in the Nifty and BankNifty... READ MORE
KEY TAKEAWAYS * Relative Strength * Market Trend * Narrow Breadth Good morning and welcome to this week's Flight Path. We saw some weakness this week as price pulled back a little from all time highs. Momentum cooled, we saw this in the form of Go Countertrend Correction Icons (red arrows)... READ MORE
It was a truncated day for the markets; over the past four trading sessions, the Indian equities continued to edge higher and ended on a fresh lifetime high. The volatility, too, remained at elevated levels. As mentioned in the previous technical note, the markets are building up ahead of the... READ MORE
KEY TAKEAWAYS * The stock market started out slow, sold off, and then recovered some of those losses to end the week on an optimistic note. * Market internals continue to be strong indicating that the stock market has a bullish bias. * Several stocks made new highs including NVDA, FSLR, and DELL.... READ MORE
KEY TAKEAWAYS * Defensive sector rotation remains a concern. * AMZN & TSLA are both strong, but XLY remains in relative downtrend. * Large Cap Growth is the only segment on a strong RRG-Heading. Concerns Remain My concerns about current market developments, which I voiced in last week's article, are still... READ MORE
Dow Theory is based on the foundational work of Charles Dow, considered the "Father of Technical Analysis." Many of the tools we employ to better analyze market structure and investor sentiment, from trend analysis to index construction, are derived from Dow's original essays from the early... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Mike Singleton of Invictus Research. David highlights a bearish momentum divergence for gold, and also illustrates how mid-cap and small-cap stocks have yet to make new highs in Q2. Mike paints a bullish picture for stocks based on... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave is joined by special guest Julius de Kempenaer of RRG Research. Dave hits on the out-performance of traditionally defensive sectors and breaks down the charts of FSLR, NVDA, and more. Julius, meanwhile, is cautiously optimistic as the equity indexes... READ MORE
KEY TAKEAWAYS * RIOT may be a beaten-down stock, but it has potential to rise higher * A breakout above key the $12.65 price range on momentum could mean the stock price would move higher * A potential resistance level is the $18.30 level If you're not familiar, Riot... READ MORE
KEY TAKEAWAYS * trend continuation * breakouts * Momentum Confirmation * Bull Flags Top 5 Stocks in "Go" Trends Trend Continuation on Rising Momentum GoNoGo Charts® highlight low-risk opportunities for trend participation with intuitive icons directly in the price action. The resurgence of momentum in the direction of the underlying price trend... READ MORE
KEY TAKEAWAYS * Dow Jones Industrial Average closes above 40,000 for the first time * Commodities such as silver, copper, and gold are moving higher * Volatility remains low, indicating investors are complacent It made it! The Dow Jones Industrial Average ($INDU) closed above 40,000 for the first time, another record... READ MORE
KEY TAKEAWAYS * Sector rotation still pointing to defense * Upward break in SPY not supported by volume * Asset class rotation starting to rotate in favor of bonds No Confirmation In Volume This week, the S&P 500 is breaking out above its previous high, undeniably a bullish sign. After the... READ MORE
KEY TAKEAWAYS * The S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite close at all-time highs * Bond prices also moved higher, as did gold and silver * The VIX remains low, indicating investors are complacent The bull market hasn't gone anywhere. Despite of worrying about the... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Mish Schneider of MarketGauge. Mish breaks down one materials name that could benefit from recently announced China tariffs, and describes how regional banks could benefit from Fed actions in 2024. David charts the S&P 500'... READ MORE
KEY TAKEAWAYS * Salesforce stock will likely trade within the $210 to $220 area. * A bear put spread is a strategy to consider if you want to take advantage of the stock trading between $210 and $220. * With CRM's earnings about three weeks away, a bear put spread could... READ MORE
KEY TAKEAWAYS * Investors look like they're keeping their powder dry until key economic data is released this week * The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite are trading close to their highs, but are hesitant to reach it * Meme stocks showed their might today,... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave uncovers strength in SQSP using the Stochastics Oscillator and the StochRSI indicator. He shares his favorite chart for analyzing relative strength ratios for leading stocks, and also answers viewer questions on price patterns for XLB and PYPL, plus best... READ MORE