KEY TAKEAWAYS * Utilities entering the top-5 * Industrials dropping out of top-5 portfolio * Real-Estate and Energy swapping positions in bottom half of the ranking * Perfomance now 0.3% below SPY since inception. Utilities enter top 5 Last week's trading, especially the sell-off on Friday, has caused the Utilities sector... READ MORE
KEY TAKEAWAYS * Large cap growth stocks regaining favor as market faces pressure * Cap-weighted sectors outperforming equal-weighted counterparts * S&P 500 struggling to break above 610, suggesting potential trading range * Exceptions in mega-cap dominated sectors (Communication Services, Technology, Consumer Discretionary) With the market selling off into the close today, it&... READ MORE
KEY TAKEAWAYS * Gold and silver are crushing the commodities markets and the S&P 500. * Gold is hitting record highs, fueled by sentiment and speculation. * Consider the key levels to watch for investment opportunities in gold and silver. There's been a lot of wild speculation surrounding gold&... READ MORE
KEY TAKEAWAYS * Market breadth is improving in some stock market sectors. * Monitoring the Bullish Percent Index (BPI) can help you strategize your investments. * The broader stock market indexes are still bullish. On Wednesday, the Federal Reserve released minutes from its January 28–29 meeting. There weren't any surprises... READ MORE
KEY TAKEAWAYS * Communication services (XLC) claims the top spot, pushing consumer discretionary (XLY) to second place * Technology (XLK) shows strength, moving up to fourth and displacing industrials (XLI) * Industrials displaying weakness, at risk of dropping out of the top five * RRG portfolio outperforming SPY benchmark by 69 basis points Shifting... READ MORE
KEY TAKEAWAYS * The stock market has been trading sideways for an extended period. * Tariffs, deregulation, inflation, and tax cuts are likely to occupy investors' minds for the next few years. * Monitor the charts of the broader stock market, inflation expectations, and industries that are likely to benefit from the... READ MORE
KEY TAKEAWAYS * Price represents a distillation of all news, events and rumors. * Our job is to set biases aside and focus on price action. * Chartists should focus on uptrends, relative strength and bullish setups. The news cycle is in high gear lately, leading to some extra volatility. Traders reacting to... READ MORE
KEY TAKEAWAYS * Top-5 remains unchanged * Healthcare and Staples jump to higher positions * Price and Relative trends remain strong for XLC and XLF No Changes In Top-5 At the end of the week ending 2/7, there were no changes in the top-5, but there have been some significant shifts in... READ MORE
In this video, Mary Ellen reviews the market's flat momentum as uncertainty reemerges after weak AMZN, TSLA and GOOGL reports - PLUS more tariff talk from Trump. She also highlights the move into defensive sectors as growth stocks continue to struggle. Lastly, she shares the top stocks that... READ MORE
While the major equity averages are certainly up year-to-date, we're detecting a growing number of signs of leadership rotation. As the Magnificent 7 stocks have begun to falter, with charts like Apple Inc. (AAPL) taking on a less-than-magnificent luster in February, we've identified ten key stocks... READ MORE
In this video, Mary Ellen unpacks the week after the news drop roiled markets; coupled with major earnings reports, it's been a rough week. She highlights what drove the biggest winners last week as we head into one of the busiest time for earnings! This video originally premiered... READ MORE
KEY TAKEAWAYS * Technology (XLK) re-enters top 5 sectors, displacing Energy (XLE) * Consumer Discretionary (XLY) maintains #1 position * Weekly and daily RRGs show supportive trends for leading sectors XLY and XLC * Top-5 portfolio outperforms S&P 500 by nearly 50 basis points Technology Moves Back into Top-5 As we wrap... READ MORE
KEY TAKEAWAYS * XLF, heavily weighted in bank stocks, broke into all-time high territory, though conviction appears low. * Breadth, momentum, and technical strength are leaning bullish. * A likely pullback signals an opportunity for entry. As the FOMC prepared to announce its rate decision on Wednesday, the Financial Select Sector SPDR Fund... READ MORE
I woke up this morning noting that NASDAQ futures had been down nearly 1,000 points at their overnight intraday low. Later, I tuned into a couple of general purpose, as opposed to financial, cable news channels. They, too, were talking about the sell-off and its rationale. I began to... READ MORE
In this video, Dave reviews the VanEck Semiconductor ETF (SMH) from a technical analysis perspective. He focuses on the recent failure at price gap resistance, the breakdown below price and moving average support, and the frequent appearance of bearish engulfing patterns which have often indicated major highs over the last... READ MORE
In this video, Mary Ellen reviews the new uptrend in the S&P 500, and highlights what's driving it higher. She then shares new pockets of strength that are poised to take off, and what to be on the lookout for ahead of next week's... READ MORE
KEY TAKEAWAYS * No changes in top-5 sectors * XLC showing strong break from consolidation flag * XLE remains just barely above XLK as a result of strong daily RRG No changes in the top-5 At the end of this week, there were no changes in the ranking of the top-5 sectors. 1.... READ MORE
KEY TAKEAWAYS * The VanEck Vectors Semiconductor ETF (SMH) broke out of a six-month base this week, suggesting further upside potential. * While the breakout in SMH appears bullish, the ETF still has yet to eclipse a key price gap from July 2025. * A bearish engulfing pattern to end the week indicates... READ MORE
KEY TAKEAWAYS * The Mag7 ETF (MAGS) is outperforming the market and in a strong uptrend. * MAGS broke out of a short-term bullish continuation pattern this week. * Nvidia, Tesla, Amazon and Meta are powering MAGS higher. The Mag7 ETF (MAGS) formed another short-term bullish continuation pattern as it worked its way... READ MORE
The Biotech industry group is making a comeback, with the 'under the hood' chart displaying new strength coming into the group. We have a constructive bottom that price is breaking from and, while it does need to overcome resistance at the 200-day EMA, it looks encouraging. What was... READ MORE
KEY TAKEAWAYS * SMH has broken out of its three-month trading range. * Trump's $500 billion Stargate AI initiative has injected optimism into the sector, accelerating gains in AI-related semiconductor stocks. * Monitor the key levels for Nvidia, Broadcom, and TSMC for buying opportunities. In the last quarter of 2024, semiconductors... READ MORE
KEY TAKEAWAYS * Short term strength drags enery sector up * Long term strength keeps consumer discretionary on top * Massive upside potential ready to get unlocked in EOG I have been traveling in the US since 1/15 and attended the CMTA Mid-Winter retreat in Tampa, FL 1/16-1/17 and then... READ MORE
KEY TAKEAWAYS * While the stronger US Dollar suggests caution for growth stocks, the ratios shows that growth continues to dominate value. * While macro conditions appear beneficial for small cap stocks, large caps are back to a confirmed leadership role. * Measures of offense vs. defensive suggest that investors are favoring offense... READ MORE
I have been expecting a bull market correction for about a month, but it's not been as deep as I expected. Now, however, several indexes have completed small bullish two-bar reversal patterns on the weekly charts. If they work, that would be a characteristic of a bull market,... READ MORE
KEY TAKEAWAYS * Energy replaces Technology in top-5 * Financials rise to #2 position pushing XLC down to #3 * Top-5 portfolio out-performs SPY 0.52% * A closer look at the (equal) weighting scheme Energy Replaces Technology At the end of this week, 1/17/2024, the Technology sector dropped out of the... READ MORE
KEY TAKEAWAYS * Financials represent one of the top sector weights in the IWM, and banks have kicked off earnings season with renewed strength. * A resurgence in biotech stocks, one of the largest industries represented in the IWM, could provide an upside catalyst. * US Dollar strength could adversely impact mega cap... READ MORE
KEY TAKEAWAYS * The Bullish Percentage Index for Financials made a dramatic jump on Wednesday. * Positive bank earnings plus encouraging CPI and PPI data are driving market optimism. * Citigroup stock notched a 52-week high, making the stock worth analyzing. One effective way to spot potential market opportunities on a sector level... READ MORE
In this exclusive StockCharts video, Joe demonstrates how to use the 1-2-3 reversal pattern as a buy signal on the weekly chart. This approach can be used when the monthly chart is in a strong position. Joe shares how to use MACD and ADX to help when the trendline pattern... READ MORE
KEY TAKEAWAYS * Broader stock market indexes are seeing a lot of choppy activity. * December CPI and bank earnings are on deck and could move the markets. * The interest rate-sensitive banking sector will be impacted by CPI and bank earnings. The December Producer Price Index (PPI) came in cooler than expected,... READ MORE
Will small cap stocks finally take on a leadership role in 2025? In this video, Dave provides a thorough technical analysis discussion of the Russell 2000 ETF (IWM) and how that compares to the current technical configuration of the S&P 500 index. He also shares three charts he&... READ MORE
KEY TAKEAWAYS * Central banks are accumulating gold at an increased pace which could increase the price of gold. * While retail sentiment for gold may decline slightly, institutional accumulation remains steady. * Compare gold futures with the ETF and look at the key levels, as a buying opportunity may be near. Gold... READ MORE
KEY TAKEAWAYS * The best five sectors remain unchanged. * XLC and XLF are both starting to show weakness. * XLI is holding above support, while XLK remains within rising channel. The composition of the top five sectors remains unchanged this week, despite an interrupted trading week. This stability comes against a backdrop... READ MORE
In this video, Mary Ellen analyzes the divergence between the S&P 500 and the Nasdaq while highlighting some of the areas driving Growth stocks. She also talks about the continuation rally in Energy and Utility stocks and shares which stocks are driving these areas higher. This video originally... READ MORE
HAPPY NEW YEAR!!! Ever since the introduction of RRG back in 2011, many people have asked me questions like: "What is the track record for RRG" or "What are the trading rules for RRG"? My answers have always been, and will continue to be, "There... READ MORE
Most of the time, when we study bars or candlesticks, our attention is focused on daily and intraday charts, since they give early warnings of a possible change in the short-term trend. Nonetheless, it occasionally makes sense to step back and take a look at monthly bars and candlesticks. Not... READ MORE
In this video, Mary Ellen highlights whether to buy last week's pullback. She discusses the rise in interest rates and why, as well as which areas are being most impacted. Last up, she reviews potential winners with new Trump policy, how to spot a downtrend reversal, and the... READ MORE
KEY TAKEAWAYS * Quantum computing stocks have been rising since November. * Four quantum computing stocks were in the "Small-Cap, Top 10" category in the StockCharts Technical Rank (SCTR) report. * You can also gain exposure to quantum computing stocks by investing in the Defiance Quantum ETF. Qubits, quantum advantage, gate... READ MORE
KEY TAKEAWAYS * Semiconductors are caught in a tug-of-war with AI demand on one side and tariff fears on the other. * The industry's technical performance shows a narrow standstill that can break either way. * Watch SMH and its top three holdings—NVDA, TSM, and AVGO—for insights into timing... READ MORE
KEY TAKEAWAYS * SPY and QQQ are still in long-term uptrends, but the red flags are rising. * Housing and semis, two key cyclical groups, are in downtrends. * Interest rates are rising as the 10-yr Yield reversed a 13 month downtrend. SPY and QQQ remain in long-term uptrends, but three big negatives... READ MORE
KEY TAKEAWAYS * The SPDR S&P 500 ETF (SPY) was flagged as a technically strong chart. * An analysis of the SPY chart shows the ETF is being indecisive. * Monitor the chart of SPY for indications of a decisive move in either direction. When running my StockCharts Technical Rank (SCTR)... READ MORE