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
KEY TAKEAWAYS * Strong Sector Rotation Out Of Technology * Financials and Real Estate Lead * Stock/Bond Ratio Triggers Sell Signal Flying Financials In the recent sector rotation, basically OUT of technology and INTO anything else, Financials and Real-Estate led the relative move. On the RRG above, I have highlighted the (daily)... READ MORE
KEY TAKEAWAYS * In June, Gilead Sciences saw a dramatic surge as positive results of a late-stage trial of its HIV drug had Wall Street buzzing. * GILD was a "sentiment trade" that spiked too quickly for most technical and fundamental indicators to make heads or tails of the move.... READ MORE
KEY TAKEAWAYS * Following the CrowdStrike debacle, the stock is as much a technical trade as it is a news-driven trade * Crowdstrike's stock price has entered a potential buying zone, but potential lawsuits may be a headwind * Crowdstrike could be a buying opportunity but watch momentum, buying levels, and... READ MORE
Friday was a bad day for CrowdStrike Holdings (CRWD) as a bug was pushed out that disrupted Windows machines worldwide. The trouble for CRWD is the follow-up lawsuits etc that will likely plague the stock for some time to come. You'll be shocked to see the warning signs... READ MORE
KEY TAKEAWAYS * Three consecutive declining days in the stock market increases risk appetite * Semiconductors were the catalyst for the selloff and trading below two support levels * Keep an eye on market breadth indicators to get indications of whether the stock market is correcting or if the selloff will be longer-term... READ MORE
(This is an excerpt from the subscriber-only DecisionPoint Alert) We noticed a double top on the Semiconductor industry group (SMH) that looks very much like the NVIDIA (NVDA) chart. NVDA is clearly the bellwether for the group, and it appears all of the Semiconductors are feeling the pain. The downside... READ MORE
KEY TAKEAWAYS * Homebuilder stocks are rallying on hopes of at least one (if not three) interest rate cuts in 2024 * The SPDR S&P Homebuilders ETF broke out above a short-term downward trend * Though much depends on the interest rate environment, the charts of individual homebuilder stocks show support... READ MORE
KEY TAKEAWAYS * Carvana stock hit a new 52-week high and has potential to move higher * The weekly chart of Carvana's stock price shows the trend is up and has more upside potential * Carvana's stock chart shows the relative strength index is just approaching overbought territory, indicating... READ MORE
Earnings are coming into focus and today Erin looks at the big earnings stocks to find out which look the best going into earnings. She took the list of stocks and sorted them by the Price Momentum Oscillator (PMO) which put the strongest stocks at the top of the list.... READ MORE
It was the sixth week in a row that saw the Nifty 50 index ending with gains. Over the past few days, the markets largely experienced trending days as they continued inching higher despite the intraday moves staying ranged. The Nifty also continued forming its new lifetime highs; the current... READ MORE
KEY TAKEAWAYS * Stock market sees rally in areas aside from the Magnificent Seven stocks * Small-cap stocks had an impressive performance in the last two trading days of the week * The stock market continues to show its bullish strength as we enter earnings season What a strange trip it's... READ MORE
Earnings season is kicking off and Carl and Erin spotlight the banks that will be reporting on Friday. The setups aren't good for all of these banks, but some are set up nicely going into their earnings calls. Earnings are always tricky as good earnings can still result... READ MORE