KEY TAKEAWAYS * Energy stocks are in focus as US crude oil prices continue rising higher * Oil prices have more room to rise but if prices go too high there may be demand pressures * Diamondback Energy is getting close to its 52-week high With Labor Day weekend behind us, it&... READ MORE
On July 5th, Mish wrote an article called "Sell in July and Go Away? Calendar Range Reset". In that article, she noted, "should IWM fail to clear the calendar range high and worse, break down under a new 6-month calendar range low[...] it would be hard... READ MORE
Stocks surged in the second half of August with several ETFs breaking out of corrective patterns, such as falling flags or falling wedges. Even though September is a seasonally weak month, these breakouts are bullish until proven otherwise. Today's commentary will analyze the breakout in the Technology SPDR... READ MORE
Last week, the broader markets regained their uptrend, with the S&P 500 and Nasdaq Indexes both closing above their key 50-day moving averages on Tuesday. In addition, the RSI and Stochastics turned positive as well. This price action indicates that the 3-week pullback which began in... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the new uptrend in the markets and shares where the current strength is, as well as the best ways for you to participate. She also highlights the move back into earnings winners from last month as the... READ MORE
GoNoGo Charts help investors retain an objective evidence-based view on what is actually happening in the markets, and this week has shown the weight of the evidence on the side of the bulls. In this edition of the GoNoGo Charts show, Alex and Tyler examine the fade of US... READ MORE
KEY TAKEAWAYS * Comparing risky asskets with more conservative ones can reflect investor confidence * Negative divergences offer subtle indications of a deterioration of a stock market rally * An upward trend indicates that investor confidence is positive Traders and investors pay a lot of attention to surveys to assess swings in sentiment,... READ MORE