In this edition of StockCharts TV'sThe Final Bar, Dave recaps a day where technology shares struggles, with leading names like NVDA and MU dropping bearish engulfing patterns to indicate short-term distributions. He also addresses the ongoing divergence between large caps and small caps, the upside potential for energy... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave celebrates Nvidia's rise to overtake Microsoft (MSFT) as the largest company by market cap, creating chaos in the Technology Sector ETF (XLK) with implications for Apple (AAPL). He points out that 10% of the S&P... READ MORE
KEY TAKEAWAYS * Crude, Brent, gasoline, and natural gas tend to dip and peak in the summer months * Although seasonality plays are attractive, they're not always reliable * If you're looking to take advantage of seasonality trends, here are some technical levels to watch We're heading... READ MORE
In this StockCharts TV video, Mary Ellen reviews the overbought condition in the markets after last week's move to a new high in price. She highlights select areas that pushed the markets higher and covers NVDA, AAPL, and more. She also discusses the anatomy of a true downtrend... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave describes how the "breadth thrust", popularized by legendary market strategist Martin Zweig, can help to validate a new bull phase for stocks. He answers viewer questions on pairs trades, running technical indicators like RSI on price ratios,... READ MORE
In this StockCharts TV video, Mary Ellen reviews what drove the markets to new highs. She highlights S&P 500 sectors, plus stocks that have reversed their downtrends, pointing out good entry points. Mary Ellen also takes a close look at why stocks did not respond to today'... READ MORE
KEY TAKEAWAYS * VanEck Vectors Retail ETF (RTH) holds 70% discretionary and 30% staples retail stocks * Retail stocks have been on a steady long-term uptrend over the last 10 years * Traders are likely to accumulate or sell positions depending on the Fed's interest rate decisions VanEck Vectors Retail ETF... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows the three keys he hunts for when identifying reversals and strong trends, giving a few examples and then showing one that is developing now. He then highlights similar techniques he uses while reviewing the Sectors. In... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish close in the markets while highlighting areas to stay away from. She also shares why AI-related areas of Tech remain positive and what drove the Retail sector into a new uptrend. The potential downtrend reversal... READ MORE
In this edition of StockCharts TV'sThe Final Bar, join Dave and Grayson as they run through top 10 charts to watch in June 2024! They'll cover breakout strategies, moving average techniques, relative strength, and much more. You don't want to miss these insights into... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Frank Cappelleri, CMT CFA of CappThesis. Frank shares how the bull market phase has been marked by confirmed and completed bullish patterns and failed breakdowns after bearish patterns. Meanwhile, Dave discusses the rising interest rate environment, what it... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows a specific MACD pattern that, when it develops on the monthly chart, can give a great early warning sign. Joe gives several examples of this pattern during the lesson. He also shows two Scans that he... READ MORE
In this video from StockCharts TV,Julius takes a look at the differences in rotation between cap-weighted and equal-weighted sectors and sees a warning signal for GOOGL. He also examines the Communications Sector vs. the Equal-Weighted ETF. This video was originally broadcast on May 28, 2024. Click anywhere on the... 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
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the broader markets and the rotation that's taking place amid a rise in interest rates. She also takes a close look at NVDA and shares how you should handle the stock after last week'... 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
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Jeff Huge, CMT of JWH Investment Partners. David reflects on NVDA's gap higher, quick deterioration in market breadth indicators, and bearish candle patterns for ON and HOOD. Jeff shares his downside target for the S&... READ MORE
It's rare when you see a multi-year breakout take place, but, when several materialize more or less at the same time, that should really get our attention. That's not simply because of the opportunities being presented, but also because several simultaneous breakouts indicate a broader participation... READ MORE
Note to the reader: This is the twenty-second in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of... READ MORE
KEY TAKEAWAYS * As stock market indexes hit all-time highs, you may want to consider hedging your portfolio with options. * Since volatility is low, buying puts can be a relatively inexpensive way to protect your positions while remaining invested in the stock market. As equity markets print new all-time highs and... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the current market conditions and key areas of growth that are in new uptrends. She then shares how to trade downtrend reversals and stocks that gap up after reporting strong earnings. She then reviews the decline in... READ MORE
While we don't typically begin with a monthly chart, it seems like a good place to start, as most of the good news is present there. Beginning on the left side, we can see how gold made a parabolic advance into an all-time high in 2011. Parabolic advances... 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
On this week's edition of Stock Talk with Joe Rabil, Joe explains how to use one SMA to pinpoint great entries in pullback plays, demonstrating how it can develop in slightly different ways. He shows 3 different types of setups in the price action and its relationship to... 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
KEY TAKEAWAYS * Chartists can measure performance by comparing highs and lows * Defense groups are leading SPY because they hit new highs already. * XLU is looking frothy because it is over 13% above its 200-day SMA. After sharp declines into mid April, stocks rebounded over the last three weeks and the... READ MORE
The Dow Jones Industrial Average ETF (DIA) 20-day EMA crossed up through the 50-day EMA (a Silver Cross), generating an IT Trend Model BUY Signal. The Dow saw a better rally today than the SPY, but, under the hood, it isn't quite as strong as the SPY. We... READ MORE
The magnitude and duration of corrections are largely determined by the direction of the prevailing primary trend. If it's bearish, they tend to be more severe and last longer. In a bull market, it's just the opposite, as they are generally short and sweet, if you... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the key drivers for this week's volatile period, including Core PCE and GDP numbers. She takes a look at where the S&P 500 and NASDAQ closed for the week and whether it'... 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
All You Need to Know About Crude Oil and the Future Gold, black gold, is what Crude Oil has become. The entire world runs on energy. 98% of our cars and transportation, our lights, the device you are using to read this... virtually everything we can do is thanks to... READ MORE
KEY TAKEAWAYS * The SPDR S&P 500 ETF (SPY) dipped lower after hitting resistance of its 50-day moving average * There are three key turnaround levels to watch closely to determine if the pullback is over * Breadth indicators can identify when the buyers are back What's a trader... 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
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the key drivers for this week's volatile period, including Core PCE and GDP numbers. She takes a look at where the S&P 500 and NASDAQ closed for the week and whether it'... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave answers viewer questions on spotting downturns in daily vs. weekly charts, using the Relative Rotation Graphs (RRG) to identify actionable ideas, and comparing the NYSE Composite Index ($NYA) to the S&P 500 Index ($SPX). He also shares... READ MORE
KEY TAKEAWAYS * SPY is trading within a downward channel in the daily chart and has equal odds of breaking out in either direction * The weekly chart shows the uptrend is still in play and SPY is going through a healthy correction * Analyze different index and sector exchange-traded funds to identify... 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
On this week's edition of Stock Talk with Joe Rabil, Joe uses the MACD to analyze SPY and shares what to look for to find the next buy point. Joe then analyzes stocks including ADBE, XOM, and CRM. This video was originally published on April 24, 2024. Click... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the negative shift that's evolved over the past week in the market and highlights key signals of capitulation you should be watching for. She then shares the move into Value stocks she's seeing... READ MORE