(This is an excerpt from the subscriber-only DecisionPoint Alert) We noticed a double top on the Semiconductor industry group (SMH) that looks very much like the NVIDIA (NVDA) chart. NVDA is clearly the bellwether for the group, and it appears all of the Semiconductors are feeling the pain. The downside... READ MORE
KEY TAKEAWAYS * Technology is rotating out of favor * Market Capitalization is a two-edged sword * Negative divergences on Technology and S&P 500 charts are executing Strong Rotations on Daily RRG This daily RRG shows the sector rotation over the last five days. With only one more trading day to... READ MORE
KEY TAKEAWAYS * Carvana stock hit a new 52-week high and has potential to move higher * The weekly chart of Carvana's stock price shows the trend is up and has more upside potential * Carvana's stock chart shows the relative strength index is just approaching overbought territory, indicating... READ MORE
A silver cross occurs when a 20-day MA crosses above its 50-day counterpart. While far from perfect, such signals enable you to ride a persistent trend. However, like all trend following techniques, problems can occur in a trading range environment. Chart 1 features two recent buy signals for the S&... READ MORE
Earnings are coming into focus and today Erin looks at the big earnings stocks to find out which look the best going into earnings. She took the list of stocks and sorted them by the Price Momentum Oscillator (PMO) which put the strongest stocks at the top of the list.... READ MORE
KEY TAKEAWAYS * Nasdaq 100 stocks account for over 30% of the S&P 500. * Nasdaq 100 stocks represent the risk appetite in the stock market. * Chartists can quantify the risk appetite using Nasdaq 100 specific breadth indicators. The Nasdaq 100 is a major driver in the stock market and... READ MORE
KEY TAKEAWAYS * Stock market sees rally in areas aside from the Magnificent Seven stocks * Small-cap stocks had an impressive performance in the last two trading days of the week * The stock market continues to show its bullish strength as we enter earnings season What a strange trip it's... READ MORE
KEY TAKEAWAYS * What the Fed does in the coming months could dramatically affect the direction of gold prices * While seasonality suggests a shift from slump to strong performance for gold, it will likely coincide with the Fed's rate decisions in the coming months * Goldman Sachs projects gold to... READ MORE
KEY TAKEAWAYS * NVIDIA (NVDA) breaks down with Magnificent Seven * Russell 2000 (IWM) gets IT Trend Model "Silver Cross" BUY Signal This is a complimentary excerpt from the subscriber-only DecisionPoint Alert. NVIDIA (NVDA) broke down today in what looks like an echo of last month's pullback. There... READ MORE
KEY TAKEAWAYS * The stock market could continue its bullish run on interest rate cut speculation * The S&P 500 Equal-Weighted Index is a good indication of the health of the overall stock market * Bond market action is often a leading indicator of stock market action With the S&... READ MORE
The legendary technician Edson Gould had a rule that, after three discount rate hikes, the stock market would be likely to stumble. That doesn't apply to emerging markets, but it did make a catchy headline. What is relevant to the iShares MSCI Emerging Market ETF (EEM) is that,... READ MORE
In this edition of StockCharts TV'sThe Final Bar, available to watch below, Dave continues a three-part series on selecting top charts to follow every month. In this second episode, Dave reviews charts he and Grayson Roze selected in May and June, reflecting on what has happened, what has... READ MORE
KEY TAKEAWAYS * Silver may be the next big "AI trade" * While silver ETFs are seeing large outflows, silver futures are telling a different story * Understanding silver's seasonal pattern and identifying the key levels to watch are critical Over the last few years, the "AI trade&... READ MORE
In this edition of StockCharts TV'sThe Final Bar, available to watch below, Dave begins a three-part series on selecting top charts to follow every month. In this first episode, he shares how he and Grayson Roze select the charts to include in the Top 10 lists using the... READ MORE
KEY TAKEAWAYS * Value sectors have been consistently underperforming the benchmarks since the April market low * Technology has outperformed the S&P 500 as well as other growth sectors in 2024 * Defensive sectors like Utilities and Consumer Staples may be the most important to watch, as they can demonstrate investor... READ MORE
KEY TAKEAWAYS * TSLA's stock price surged 32% above its zone of congestion following its April 23 earnings report * News of Tesla's dwindling inventories, plus expectations of a Fed rate cut before the end of the year (among other things), are fueling the stock's advance... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe uses a chart of AAPL to demonstrate how properly using a MACD and ADX indicator combo increases your chances of success. He analyzes 10-Year Yields, Bitcoin, Tesla, Datadog, and ServiceNow. Going through all the sectors, Joe explains... READ MORE
Residential housing is not important for its size relative to GDP, which, according to Copilot, is about 3-5%. Rather, due to its interest rate sensitivity, housing is significant because it is the first sector of the economy to turn at the end of a recession, and the first to turn... READ MORE
In this edition of StockCharts TV'sThe Final Bar, available to watch below, Dave celebrates the S&P 500 closing above 5500, laments the lack of market breadth, and provides updates on the infamous Hindenburg Omen. He also breaks down key levels to watch on charts of V,... READ MORE
KEY TAKEAWAYS * AMZN's stock price entered new all-time high territory, closing at $200.02; it could rise higher * If AMZN's stock price dips, watch for key levels to enter a long position * Amazons' next earnings report is expected to drop on August 1, 2024, which... READ MORE
In this edition of StockCharts TV'sThe Final Bar, available to watch below, Dave lays out the strong seasonal pattern for the S&P 500 in July, highlights the breakouts in AAPL and TSLA, shares the painful breakdowns in MGM, WM and CCL, and addresses the sudden rise... READ MORE
Today's DP Trading Room was jam packed! The lead story is definitely the fact that deflation is another possibility that many are not talking about. We don't know if it will be the final outcome, but we have a link that discusses this possibility: https://hoisington.... READ MORE
Historically, July has seen stock prices move higher almost 80% of the time, cementing this in our trader's notebook as a time to stay home and trade. Others can vacation this month! Chart 1 is my true seasonal pattern for the Dow for the last 124 years. It... 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 * Scanning * screening * Idea Generation * Market Breadth Join Tyler Wood, CMT, in this insightful tutorial where he demonstrates how to effectively scan for GoNoGo conditions using StockCharts.com. GoNoGo Charts, a powerful method developed by Alex Cole and Tyler Wood, blend foundational tools in technical analysis into a powerful... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave shares charts for Palo Alto Networks, Arista Networks, Adobe Systems, and Fortinet, four tech stocks that are all pushing higher despite major indexes remaining sideways going into Friday's economic releases. He also breaks down the chart of... READ MORE
KEY TAKEAWAYS * NVDA shares prices are falling, but it doesn't necessarily mean that the AI trend is at an end * Expect near-term weakness in NVDA's stock price but keep in mind that longer-term prospects present a different picture * Watch key support levels since ultra-bullish sentiment could... READ MORE
The Transportation Sector has been one of the weaker brethren of late. That's important, as this market average forms part of the Dow Theory, which many observers believe is currently signaling a bear market. However, back in January, I wrote a piece on the Dow Theorythat came to... READ MORE
KEY TAKEAWAYS * Berkshire Hathaway Class B shares are poised for an explosive breakout * Fundamentally, BRK/B has been a consistent outperformer and is diversified among different sectors * BRK/B is working its way through a symmetrical triangle formation and could breakout in either direction Berkshire Hathaway needs no introduction. The... READ MORE
In this video from StockCharts TV,Julius takes a look at rotation among growth/value and size segments, followed by a look at current sector rotation. He detects an intraday sector rotation he has never seen before, which could be the prelude for a larger move. This video was originally... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave tracks the rapid and concerning deterioration in semiconductors, with stocks like NVDA and AVGO pushing lower after last week's bearish candle patterns. He then dives into the downturn in Bitcoin, the impressive recovery for energy stocks, and... READ MORE
The NASDAQ 100 ($NDX) has been surging higher since October 2023 with the pace of advance accelerating in the second quarter of 2024. These 100 components are among the largest market capitalization NASDAQ Composite ($COMPQ) stocks. All of the ‘Magnificent-7' mega-caps are represented in this index. Now the second... READ MORE
Last week, the broader market Indices hit another new high on Thursday before pulling back into Friday's close. Not all areas participated, however, as the recently explosive move into AI stocks ran into trouble later in the week. Instead, many of last week's top performers were... READ MORE
Moving averages are a crucial charting tool, but many of us aren't getting the most out of them. In this edition of StockCharts TV'sStockCharts in Focus, Grayson shows you how to enhance your moving averages with 4 unique charts, straight out of his own account. You&... READ MORE
KEY TAKEAWAYS * Technology stocks end the week lower, breaking their winning streak * Semiconductor stocks sell off and take the S&P 500 and Nasdaq Composite lower for the week * Micron Technology announces earnings next week, which could mean the pullback may present an opportunity to load up on some... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave answers viewer questions on using technical indicators on leveraged and inverse ETFs like SOXL and SOXS, buying breakouts below the 200-day moving average, upside targets for gold, and whether the $USD is in a primary uptrend. See Dave'... READ MORE
KEY TAKEAWAYS * Gilead Sciences' stock price got a boost from positive results of a late-stage trial of its HIV drug * While Gilead still needs to replicate its results and seek FDA approval, this may be a good time for traders and investors to get in early on a potentially... READ MORE
KEY TAKEAWAYS * The number of new 52-week highs is declining * The percentages of stocks trading above 200-,50-, and 20-day Exp Moving Averages are declining * Despiote narrowing breadth, the S&P continues higher While the S&P 500 continues to move higher, the number of stocks participating to... READ MORE
Note to the reader: This is the twenty-fifth and final 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... READ MORE
KEY TAKEAWAYS * Analyst opinions of Dow Jones Industrial Average are mixed, with both bullish and bearish forecasts * While some analysts expect the Dow to hit 40,000 this year, some say it can fall to 34,000 * Basic tools like trend lines and support-and-resistance, paired with Fibonacci Retracements, can help... READ MORE