KEY TAKEAWAYS * AMD stock plunged 7% after slightly topping Wall Street estimates * There are three crucial turnaround levels to closely close monitor * Momentum is key when deciding whether to go long, wait, or call off the trade Advanced Micro Devices (AMD) slightly topped Wall Street's earnings and guidance... READ MORE
I last wrote about the dollar in December, where I came to the conclusion that a limited rally was a likely possibility in what was assumed to be a primary bull market. I am still of the view that the bull market is alive and well, but it's... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe breaks down the differences between buyers and sellers, and shows how the ADX/DI can be used in three different ways: The action phase, low ADX period and an expansion phase. Understanding this indicator will give you... 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
In this edition of StockCharts TV'sThe Final Bar, Dave recaps the S&P 500's late inning rally to test the 50-day moving average from below. What levels could come into play with this week's Fed meeting on Wednesday? He also focuses on key... READ MORE
Today Carl puts the spotlight on the Magnificent 7 with a look at not only the daily charts, but also a review of the intermediate term using weekly charts. See where they are headed short-term and what are our expectations are in the intermediate term. Carl also gave us his... READ MORE
We've been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega-cap growth stocksbreaking through their 50-day moving averages, to even thedramatic increase in volatilityoften associated with major market tops. While Q1 was marked by broad market strength and plenty of new... 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 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 * The Nasdaq Composite is trading above its last swing high, which could a the first sign of a reversal to the upside * The S&P 500 is up against resistance from its 50-day moving average and a downward sloping trendline * The Dow Jones Industrial Average has reversed... READ MORE
KEY TAKEAWAYS * Alphabet shocked Wall Street on Thursday when it reported earnings, its first dividend, and a $70-billion buyback * The stock gapped up 16%, its biggest since 2015 * Alphabet's technical "undervaluation" and quirks signaled the go-ahead to go long Using technical indicators to identify stocks fundamentally... READ MORE
Whenever we see price gapping up or down, as happened with META in February, we prepare for the possibility of an island reversal. After the gap up, price forms a cluster, the island, and we ponder the possibility of a gap down to complete the reversal. During the formation of... READ MORE
Note to the reader: This is the eighteenth 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 * 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
KEY TAKEAWAYS * TSLA has been riding a long and volatile downtrend since 2021 * Tuesday's earnings were dismal, yet the stock jumped 16% after an announcement about near-term EV production * The big question is if the gap up in TSLA's stock price has any substance or if... 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
Back in early February, I wrote an article entitled "Only a Fool Would Try to Call a Correction in a Bull Market, So Here Goes". In it, I was trying to point out that counter-cyclical corrections are notably difficult to identify, as they often terminate just at the... READ MORE
KEY TAKEAWAYS * The possibility of only one interest rate cut and escalation of geopolitical tensions increases uncertainty levels for investors * The 100-day simple moving average could be the S&P 500's next support level * Massive selloff in Tech stocks sends the Nasdaq Composite below its 100-day moving... READ MORE
KEY TAKEAWAYS * Meta's prospects look bullish mostly due to the rollout of Meta AI, which is expected to lead to substantial growth in ad revenue * While analyst price predictions show a wide range, consensus ratings lean towards a "Buy" to a "Strong Buy" * Technically,... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes guest Tyler Wood, CMT of GoNoGo Charts. Tyler walks through their proprietary momentum model which confirms a bearish rotation for the major equity benchmarks yet a bullish rotation for the commodity space. David walks through key earnings names... READ MORE
KEY TAKEAWAYS * New Risk Off Environment for Equities * Commodities Leading The S&P500 trend conditions have reversed into "NoGo" and strengthened to purple bars. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds... READ MORE
Right now, there's lots of room for a downside in the market. Do we really want a rate cut? In this video, Larry talks about past interest rate cuts from the Fed, and what happens to stock prices as a result. Historically, we've seen these cuts... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe details a trade setup in the QQQ that demonstrates how he uses MACD and ADX in multiple timeframes for his trading. He gives detail on the entry and exit for this trade. Joe then covers the stock... READ MORE
Note to the reader: This is the seventeenth 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 * A successful test of FXI's secondary test of its 2022 low will show strength * If FXI's secondary test fails, weakness could result in the ETF * Looking at ratio charts, a potential FXI:EWJ spread trade could present lucrative trading opportunities The iShares China Large-Cap... READ MORE
KEY TAKEAWAYS * NFLX is close to a strong resistance level and could break above it if the company beats earnings estimates * Netflix's stock price has been trending higher since July 22 after the stock took a deep plunge * Expect a lot of volatility after NFLX announces earnings on... READ MORE
KEY TAKEAWAYS * AMD is in a technical (near-term) downtrend, but its fundamentals promise otherwise * AMD's stock price is trailing NVDA, though its lead over the rest of the industry appears to be waning * AMD is in a technical "buy" range and the potential for a bullish... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave shows how bearish short-term breadth combined with the deterioration in long-term breadth lines up well with previous market tops. He then breaks down key levels for the S&P 500 index as well as MSFT, TSLA, and more.... READ MORE
Carl opens the show with a view of the final earnings results for 2023 Q4! His chart reveals whether stocks are fair valued, overvalued or undervalued. Get his take on the current readings. Carl gave us his market overview including Bitcoin, Gold Miners, Gold and Crude Oil and many more.... READ MORE
In the last couple of weeks, I have been reading stories about shoppers picking up gold bars in, of all places, Costco. According to Gemini, the AI branch of Google, "Reports indicate they may be selling up to $200 million worth of gold bars every month." Normally, thin... READ MORE
KEY TAKEAWAYS * The weekly RSI has signaled an exit from overbought conditions, but the weekly PPO has not yet indicated a bearish reversal. * A break below the 200-day moving average would validate the weekly sell signals, and align with previous market tops since the 2009 market bottom. Toward the bottom... READ MORE
The Dow Jones Industrial Average fell 2.4% last week in a move that pushes this index further below its key 50-day simple moving average. While not the most widely followed index, the Dow has continued to evolve so that its 30 components more closely represent the current economy. Amazon&... READ MORE
Staying on top of your portfolio in a fast-moving market can be a challenge. On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson shows you how to make things easier on yourself with automated ChartList Reports for your portfolio. You'll learn how to... READ MORE
Wednesday brought an unexpected firming up of the inflation figures, causing analysts and commentators to trim the number of times they expect interest rates to be cut this year. Whenever it is that the questions turn away from whether to when and by how much, as was the case until... READ MORE
KEY TAKEAWAYS * Outsized Moves Can Jump Start Trends * Chartists can use ATR-SAR to Identify Outsized Moves * Housing and Retail are Leading Lower with Outsized Declines Trends often start with outsized moves. But how do we measure and identify such moves? Chartists can measure moves in Average True Range (ATR) terms... READ MORE
KEY TAKEAWAYS * Gold is at record highs with retail investors buying despite sky-high valuations * Fiscal, monetary, and geopolitical uncertainties are driving this "relic" turned "alternative currency" * The technical context reveals a few strategic insights for anyone bullish on the yellow metal The strange thing about gold... READ MORE
KEY TAKEAWAYS * The energy sector remains on a very strong rotational path * A completed top formation in Healthcare opens up significant downside risk * Smaller Technology stocks are taking over from mega-cap names A Sector Rotation Summary A quick assessment of current sector rotation on the weekly Relative Rotation Graph: XLB:... READ MORE
KEY TAKEAWAYS * NVDA stock is rising as the broader market sells off * NVDA is technically and fundamentally strong and is outperforming the S&P 500 * NVDA's stock price has broken above a downward channel, which could be the start of the next uptrend Sometimes, it helps to... READ MORE
Note to the reader: This is the sixteenth 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