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
Today's focus was on the current and long-term conditions of Bonds and Yields which are at an inflection point. Yields are attempting to hold onto a rising trend and Bonds are plodding along to the upside for now. One reader asked if it is time to start dollar... READ MORE
In the previous technical note, we had expressed concerns over the Nifty and VIX rising in the same direction simultaneously. As mentioned earlier, in such circumstances, the VIX often ends up acting as a leading indicator and a precursor to an impending corrective move. The previous week had seen VIX... READ MORE
KEY TAKEAWAYS * Trend Continuation * Breakouts * Bullish Flags * Momentum Confirmation 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
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish bias in the broader markets, along with the sector rotation into cyclical areas as growth areas languish. She then highlights the perils of buying, or holding, stocks around earnings releases, and shares a high-yielding stock... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave breaks down an unusual day for stocks. The S&P 500 and Nasdaq closed higher, but the top sectors were defensive - real estate and utilities! He shares key levels to watch for NVDA, AAPL, TSLA, and more,... READ MORE
KEY TAKEAWAYS * XLF on strong RRG-Heading, rotating back into leading quadrant * XLF price approaching overhead resistance after short setback * Three major financial stocks ready for upward breaks to lead the sector higher The Relative Rotation Graph for US sectors shows long tails for XLE and XLU. Both are on a... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps a choppy day for equities, with utilities remaining atop the leaderboard for a second straight session. He lays out a potential reversal in interest rates, what that could mean for growth stocks, and recaps earnings plays including WYNN,... READ MORE
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