The Indian benchmark Nifty 50 extended its corrective decline. Over the past four sessions of a truncated week, the Nifty 50 index remained largely under selling pressure, and the markets continued with their process of mean-reversion. The volatility, though, did not show any major surge. The volatility gauge, IndiaVIX rose... READ MORE
KEY TAKEAWAYS * Palantir stock's rise to the third place in the SCTR Report makes it a worthy candidate to add to your portfolio. * The price surge in Palantir stock after its stellar earnings report may just be the beginning of a bullish move. * Palantir is a stock that... READ MORE
KEY TAKEAWAYS * The broader US stock market indexes took a breather on Tuesday. * Mega-cap Mag 7 stocks are back in the limelight. * Investors are rotating into Technology and Communication Services sectors. The post-election euphoria may have taken a breather on Tuesday, as the US stock market indexes closed lower. The... READ MORE
Today Carl compares this week's Trump Rally with the rally we saw after Reagan was elected in 1980. There are similarities and differences. The Trump rally has lifted certain sectors of the market as well as Cryptocurrencies. While the Reagan rally had different catalysts. The market continues to... READ MORE
KEY TAKEAWAYS * The broader stock market indexes hit milestone levels this week. * Monitoring volatility in bonds could be a leading indicator in market action shifts. * The US dollar can provide clues about future stock market action. Another packed week for the stock market has come to a close. The broader... READ MORE
KEY TAKEAWAYS * The market came out of defensive mode after the election. * Old resistance at 585 is now support for SPY. * XLC, XLY, and XLF are all showing strength. First of all, for those of you looking for a new video this week, I have intentionally skipped it because I... READ MORE
KEY TAKEAWAYS * Small cap stocks were the biggest gainers in post-election Wednesday. * Financials was the top-performing sector in Wednesday's trading. * Cryptocurrencies, US dollar, and Treasury yields rose in anticipation of an inflationary environment. The risk-on sentiment has returned to the stock market. Stocks traded significantly higher ahead of... READ MORE
KEY TAKEAWAYS * Coinbase made it to the top of the Top Up Large Cap stocks SCTR Report on the day after the US elections. * The price surge in Coinbase stock could be the start of an upward move. * Trading options on COIN provide an alternative to buying COIN stock. Now... READ MORE
KEY TAKEAWAYS * Pre- and post-election jitters can cause market reactions and overreactions. * The best thing you can do is get a bird's-eye view of opportunities that may unfold as the political fog clears. * MarketCarpets is an effective tool to help you gauge market activity and spot high-probability trades.... READ MORE
It's here! The SPY starts a period of favorable seasonality for the next six months. Carl takes us through his charts and explains favorable versus unfavorable periods of seasonality. Carl covers our signal tables showing new weakness seeping in despite this period of favorable seasonality. The market looks... READ MORE
The Nifty largely consolidated over the past five sessions, but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain. Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the IndiaVIX surged higher by... READ MORE
KEY TAKEAWAYS * Markets bounced back after Thursday's selloff. * Small-cap stocks are struggling to gain steam even though interest rates are likely to decline. * Treasury yields continue to rise. After yesterday's "trick," investors received a "treat" at the end of the trading week,... READ MORE
With the Magnificent 7 stocks struggling to hold up through a tumultuous earnings season, what sort of opportunities are emerging on the charts going into November? Today, we'll break down some of the names we've included in our Top Ten Charts to Watch for November 2024.... READ MORE
KEY TAKEAWAYS * Large-cap stocks are pushing the market higher. * Large-cap growth is the only segment driving the market. * AAPL, TSLA, NVDA, and AMD are having trouble pushing higher. Following the recent market fluctuations, with a sharp decline and a subsequent rally, it's crucial to examine these movements'... READ MORE
KEY TAKEAWAYS * Tepid earnings and negative news sends Tech stocks plunging. * Economic data supports the narrative that the Fed will cut interest rates by 25 basis points in November. * The long-term trend of the broader indexes are still bullish. The Halloween effect caught up with the stock market! October 31... READ MORE
KEY TAKEAWAYS * Homebuilders are getting ready for a potential comeback in 2025. * Many homebuilder stocks are exhibiting tepid-to-poor technical strength. * When the homebuilding industry flips to the upside, there are undervalued names that could offer early investment opportunities. Homebuyers are still on the sidelines, waiting for better mortgage rates, while... READ MORE
KEY TAKEAWAYS * Use the SCTR scan to help you find technically strong stocks. * Filter scan results further using additional criteria such as trends and momentum indicators. * Narrow your analysis further with additional criteria and add the most likely candidates to a watchlist. When the stock market hesitates to move in... READ MORE
KEY TAKEAWAYS * Carnival Corp occupies the top spot for new highs across different timeframes. * Delta Air Lines and United Airlines, two other transportation companies, have also gained new highs. * Compare Carnival Corp, Delta, and United stock price action and determine which might present a strong opportunity in the coming weeks.... READ MORE
As part of today's coverage of the Magnificent Seven we remind you when the big mega-caps are reporting and give you are current perspective of each. We also cover all of the Magnificent Seven in the short and intermediate terms with daily and weekly charts. Carl gives us... READ MORE
KEY TAKEAWAYS * Trend and momentum are proven concepts we can use to improve our edge. * Longer timeframes are better for trend-momentum * CandleGlance charts make it easy to rank and sort for momentum. There are no magic bullets, but we can improve our trading edge by starting our selection process with... READ MORE
The over-deviated markets continued to extend their losses for the fourth week in a row. The Nifty remained largely under sustained selling pressure over the past five days, barring a few feeble attempts to stage a technical rebound. The markets extended their downsides while giving up key supports on the... READ MORE
KEY TAKEAWAYS * Tech stocks gained some ground this week after better-than-expected earnings from Tesla. * US Treasury yields continue to rise. * Bullish momentum keeps gold prices rising higher. Although earnings season is in full swing, trading volume has been relatively light this week. Perhaps investors are waiting for the stock market... READ MORE
KEY TAKEAWAYS * Asian stock markets showing strong relative trends. * Meanwhile, India, Mexico, and Brazil are nosediving. * Overall, the US is stull beating Europe. The global stock market is a big place, and it extends far beyond the borders of the United States. While the US market is undeniably the largest... READ MORE
KEY TAKEAWAYS * TSLA stock soared on upbeat Q3 earnings report. * TSLA's stock price has broken above the upper Keltner Channel, indicating strength and the early stages of an uptrend. * Adding a momentum indicator like the StochRSI to Tesla's stock analysis can help make smart trading decisions.... READ MORE
Since 2011, the US stock market, represented by the S&P Composite, has outperformed the world. In the last couple of weeks or so, it has managed to break out from a trading range in its relationship with the rest of the world and looks headed even higher on... READ MORE
KEY TAKEAWAYS * Predefined Scans is a tool you can use to find tradable opportunities in up and down markets. * Coordinating your scans with the SCTR Report can increase your chances of finding strong stocks to trade. * Applovin Corp has been on the radar for months, and its chart displays the... READ MORE
Carl explores which index is best...the SP600 (IJR) or Russell 2000 (IWM). He makes a comparison over time and reveals which tends to be the better performer. Which one should you use to analyze what is happening in small-caps? Carl gives us his market outlook as prices pullback today.... READ MORE
The markets closed on a negative note for the third week in a row; over the past five sessions, the Nifty remained largely on a declining trajectory, except for the last trading day where it saw some relief rally from the lower levels. Following a strong weekly decline of 1167... READ MORE
KEY TAKEAWAYS * The MACD and PPO indicators are trend-following devices designed to confirm a trend reversal has occurred. * The histogram shows when the MACD indicator is showing signs of a potential reversal, providing more of a leading indicator. * Investors can use other indicators, such as the Chandelier Exit system, on... READ MORE
KEY TAKEAWAYS * The S&P 500 and Dow Jones Industrial Average closed at record highs. * Gold prices are on fire, closing at a record high. * Bitcoin breaks out of a consolidation pattern. Despite a light economic data week, the stock market continued its rally, with the S&P... READ MORE
KEY TAKEAWAYS * Sector Rotation Model and current sector rotation are not supporting broad market strength. * Plotting the members of $INDU on a Relative Rotation Graph helps find the best names in that universe. * TRV, WMT, and AXP are still strong, but now have too much risk for new positions. * CAT,... READ MORE
KEY TAKEAWAYS * Disney's stock price has the potential to rise higher. * A call vertical spread could be a viable strategy to trade Disney stock as a less expensive alternative to trading a long call. * The long call vertical for DIS can also offset some of your risks. Walt... READ MORE
KEY TAKEAWAYS * Dell's stock price continues its near-term uptrend after bottoming in August. * A cross above 70 in the SCTR line will signal increasing technical strength for Dell stock. * Set price alerts for Dell stock so you're notified when the stock price hits a specific threshold.... READ MORE
KEY TAKEAWAYS * United Airlines stock took off on solid earnings. * UAL has broken above a consolidation pattern and is ascending to a higher altitude. * Look for a pullback before entering a long position in UAL. Airline stocks had a strong day, with United Airlines (UAL), American Airlines (AAL), and Delta... READ MORE
KEY TAKEAWAYS * American Tower is a Real Estate Investment Trust (REIT) stock that's on the verge of an upside breakout. * The weekly chart of American Tower shows clear resistance and support levels that can help identify entry points. * Look for American Tower's stock price to reach... READ MORE
KEY TAKEAWAYS * Use the StockCharts MarketCarpets to get a fast snapshot of market trends without sifting through endless news. * Toggle between performance and technical rankings like SCTR to find hidden opportunities. * Make MarketCarpets part of your daily routine to catch opportunities faster than traditional methods. When Wall Street rings its... READ MORE
It's time to put Semiconductors in the spotlight. NVDA is starting to trade at all-time highs again and that is likely to bring the Semiconductor industry group up to its own all-time highs. Erin discusses Semiconductors "under the hood" and highlights the NVDA chart. Carl brings... READ MORE
The week that went by was in complete contrast to the week before, as the markets heavily consolidated in a tight range. In the previous week, the Nifty had seen a significant retracement of over 1167 points; however, over the past five trading days, the index stayed totally devoid of... READ MORE
KEY TAKEAWAYS * SPY is starting to resolve its negative divergence with RSI. * Large-cap growth is coming back into favor. * Magnificent 7 stocks provided 2.9% of the S&P 50's 6.8% performance over the past five weeks. Where is the Recent Performance in the S&... READ MORE
KEY TAKEAWAYS * Doing a top-down sector-to-industry analysis can be an effective way to find tradable opportunities. * It makes sense to compare charts to see which ones are outperforming and which are underperforming. * Get a bigger picture, drill down using relative performance indicators, and then examine specific key levels of each... READ MORE