The Oil & Gas Equipment & Services ETF (XES) is showing strength here in March as it breaks back above its 40-week SMA. More importantly, the long-term trend is up and this week's breakout argues for a continuation of this uptrend. The chart below shows XES with a... READ MORE
KEY TAKEAWAYS * Micron's AI game just got started and is looking to heat up as it provides key components to both Nvidia and Advanced Micro Devices * MU's price, however, has begun to pull back as bulls look for a favorable entry point * Using a bearish StockCharts... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains how to use the MACD crossover signal and the Pinch play signal. There are times when one is better than the other, and he uses several examples to show this distinction. He discusses how the low... READ MORE
Note to the reader: This is the twelfth 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
In this edition of StockCharts TV'sThe Final Bar, Dave focuses on the resilient strength in market breadth indicators, suggesting a leadership rotation continues as growth stocks like AAPL and TSLA fail to hold key support. He highlights stocks making new three-month highs, including FCX, SCCO, and WSM. This... READ MORE
KEY TAKEAWAYS * Coinbase's (COIN) stock is blasting off, hitting a jaw-dropping 99.6 SCTR score. * The pin bar (most current bar) seems like a desperate attempt for the bulls to advance the stock amidst being potentially outnumbered by sellers. * Ready to go on the offensive? Here's... READ MORE
KEY TAKEAWAYS * Wells Fargo stock hits a new all-time high * The Financial sector has been gaining strength with several big bank stocks displaying positive movement * Momentum in WFC may be strong now but a slowdown could mean a big pullback since the stock is trading above its average price movement... READ MORE
On this week's edition of the GoNoGo Charts show from StockCharts TV, as the S&P 500 continues the rally at all time highs, Alex and Tyler take a look at GoNoGo Trend® conditions of several areas of the market. The recent breakout in Gold has much... READ MORE
Carl and Erin explore the differences between two Semiconductor ETFs, SOXX and SMH. They are NOT the same. One offers far more upside potential than the other. Learn how to easily compare two ETFs or even two stocks using relative strength. Carl covered the market in general with special attention... READ MORE
The markets continued to trade on expected lines. The trading week was short, as Friday was a trading holiday on account of Mahashivratri. In the four trading sessions, the markets stayed choppy and failed to make any definite and convincing moves while continuing to modestly advance on a weekly basis.... READ MORE
KEY TAKEAWAYS * Nvidia is up 77% year-to-date, far outpacing the S&P 500 and Nasdaq which are both up about 7-8%. * A bearish engulfing pattern is a two-bar candle pattern indicating short-term distribution and negative sentiment. * Downside targets for NVDA can be identified using trendlines and Fibonacci retracements. Large-cap... READ MORE
Pete presents the 100th and final edition ofStockCharts TV'sHalftime! This week, Pete shares some parting tips on what to look for when the trends change from defense, (risk off) to offense (risk on). He explains how he saw them coming and how the Chaikin Power Gauge did as... READ MORE
Feel like you never find those high-flying stocks before they make their big moves? This week's edition of StockCharts TV'sStockCharts in Focus is for you! Grayson walks you through the 3 simple steps he uses to find, track and trade the market's strongest stocks... READ MORE
NVIDIA (NVDA) was enjoying quite a rally to start the day. All seemed right with the world. Someone recently said to me, regarding another company, that it was "a victim of its own success." This is what happened to NVDA. It appears that the ceiling was reached for... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Grayson and Dave run through the 10 charts they feel present actionable opportunities based on their technical analysis setups. They'll cover breakout strategies, moving average techniques, relative strength, and much more. And you'll have ten new... READ MORE
KEY TAKEAWAYS * Novo Nordisk A/S (NVO) has been riding a strong uptrend since 2017, fueled by its Ozempic drug. * This last week, positive results for its new drug, amycretin, transformed the Ozempic fever into a Wall Street frenzy. * Technical and fundamental buy points seem to be at odds if... READ MORE
Note to the reader: This is the eleventh 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
In this edition of StockCharts TV'sThe Final Bar, Dave highlights mega-cap growth names that are in full breakdown mode, including TSLA, AAPL, and GOOGL. He also updates the latest market breadth indicators which suggest more of a leadership rotation into value-oriented sectors, and even Consumer Staples names including... READ MORE
The title of this article may be exaggerated, but, last Friday, the probabilities for an upward reversal in the rate of inflation later this year went substantially higher. That's because the gold price, an inflationary bellwether, broke out from a 4-year trading range to a new all-time high.... READ MORE
KEY TAKEAWAYS * Target Corp (TGT) bucked the trend on Tuesday, popping 13% despite a broader market selloff. * Investors jumped in despite the retailer's weak 2024 guidance. * A potentially strong entry point for TGT rests on two factors, one technical and the other fundamental. On Tuesday, Target Corp (TGT)... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave breaks down the hourly chart of Bitcoin and highlights recent breakouts for regional banks. Guest Julius de Kempenaer of RRG Research focuses in on the Communication Services sector, including META, DIS, and GOOG, and shows how defensive sectors have... READ MORE
Carl begins today's show with a walk through General Electric (GE) which was in the news this week. See what Carl thinks of the charts! Carl covers the market in general and pays particular attention to Gold as it launches skyward. Can this run continue? What does this... READ MORE
The S&P 500 and the NASDAQ both reached an all-time high today boosted by a Tech-fueled rally amid AI-related names. Small-cap stocks also had a bullish day after posting a two-month base breakout to near-term highs. This index has had a tough period recently, as nearly 15% of... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave wraps up his Dubai journey with a special Viewer's Questions Mailbag edition! Dave explores whether LABU is on the path to mimic NVIDIA and if it's still the right time to jump in. He also... READ MORE
Most stocks surged with the broader market in the fourth quarter of 2023. SPY and QQQ extended their advances in 2024, but some stocks did not partake and fell back. Even so, some of these stocks show signs of long-term trend reversals and their declines in 2024 look corrective. This... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps today's market activity from the CMT 2024 Summit in Dubai, highlighting AMD's upside breakout, breadth improvement for US stocks, and why big round numbers matter for stocks like SMCI. This video originally premiered on... READ MORE
I have been hearing comments that some of the Magnificent Seven no longer qualify for membership, so I thought a quick look at them might be helpful. For this analysis, I'll be using weekly charts. Apple (AAPL): AAPL is dealing with trying to move production out of China,... READ MORE
We've begun talking more about the Price Momentum Oscillator (PMO) as it relates to finding "pure strength" and "pure weakness". What it all comes down to is the zero line and the PMO's behavior above or below. We review the Magnificent 7... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe features special guest, Bruce Fraser of Power Charting. Joe and Bruce discuss swing trading in detail, first by defining swing trading and how it is different from trend trading, and then spending time going through the SIG... READ MORE
Absorbing the information gleaned from monthly charts for various asset classes or sectors can help gain some perspective. However, I find that an examination of the relationships between them can be equally rewarding, if not moreso. That's because they point out the nature of the current investment environment,... READ MORE
Let's begin this month with a look at... The False Flag of Fed Rate Cuts Day after day, we hear how the Fed will embark on a series of rate cuts this year "because inflation has peaked" and is heading lower. The drop in inflation is... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave shares his first market update from Dubai with a recap of Bitcoin's electrifying rally, Tesla's bounce higher, and Alphabet's pullback. The S&P 500 remains above 5K with plenty of new 52-week... READ MORE
Today Carl explains the benefits of using the Price Momentum Oscillator versus the MACD. They are not the same! Carl then gives us his insights on the market in general as well as Bitcoin news, Magnificent 7 overview, as well as Crude Oil and Interest Rates. Erin gives us an... READ MORE
Chartists can improve their odds by focusing on stocks that are in long-term uptrends and showing upside leadership. This is similar to a dual-momentum approach, which was covered last week. Today's example will use the 40-week SMA to define the trend, a 52-week high to confirm upside leadership... READ MORE
In the previous technical note, it was categorically mentioned that, while the overall trend may stay intact, the markets could continue to largely consolidate. In line with the analysis, the markets kept consolidating, staying in a broad but defined trading range. That range, over the past week, was 422 points;... READ MORE
We've highlighted all the warning signs as this bull market phase has seemed to near an exhaustion point. We shared bearish market tells, including the dreaded Hindenburg Omen,and how leading growth stocks have beendemonstrating questionable patterns. But despite all of those signs of market exhaustion, our growth-led... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews what drove the markets to new highs and what areas are outperforming. She also shares how to identify a buy point in NVDA after its gap up following earnings, as well as how to determine when a... READ MORE
KEY TAKEAWAYS * Advanced Micro Devices (AMD) recovered quickly from a post-earnings slump * Its longer term price action suggests indecision and the current pattern can also break either way * This can either be a short-term trade or an investment; both scenarios will require different strategies If you ran a StockCharts Gap... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave drops an all-mailbag episode featuring viewer questions on the Hindenburg Omen, ascending triangle patterns, Fibonacci Retracements, projecting upside targets for stocks like NVDA, and the best technical indicator long-term investors should use! This video originally premiered on February 23,... READ MORE
KEY TAKEAWAYS * S&P 500 hits a new all-time high and could keep on going * NVIDIA's stellar earnings report was a catalyst to the rise in the S&P 500 * Volatility declined, indicating that investors are still relatively calm Well, Nvidia did it! A stellar earnings... READ MORE