The market has been signalling over-sold in multiple ways over the last 3 months, but we finally got a trigger, right around the 10% correction market plus FOMC. Powell was pretty neutral, but whatever it was, the market decided it liked it. So a V bottom appears to be in... READ MORE
A couple of weeks ago, I wrote an upbeat article on the market, pointing out the fact that many short- and intermediate-term indicators were in a potentially bullish position at a time when stocks seemed impervious to bad news. I concluded "That does not mean the market will go... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave breaks down the charts of the S&P 500 and Nasdaq 100 with a focus on the downtrend channel for the QQQ and key resistance at 4400 for the S&P 500. He answers viewer questions on... READ MORE
The S&P 500 is battling the 200-day SMA with four crosses over the last eleven days. We are also seeing a rise in volatility as this market benchmark plunged 5.86% in nine days (18-27 October) and then surged 5.85% the last five days. With such conditions,... READ MORE
In the previous technical note, during our analysis of the patterns of the NIFTY's weekly chart, it was mentioned that the Index has achieved a full throwback. This occurs when the instrument gives up the breakout gains entirely and retests the original breakout point which acts as a... READ MORE
Yesterday, the SPX (SPY), OEX (OEF) and Dow Industrials (DIA) all saw new PMO Crossover BUY Signals. Today, they were joined by the remainder of the major indexes. The market is clicking; now we need to determine how long this rally will stick around. Seeing so many oversold PMO BUY... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite rally into the close * Fed Chairman Jerome Powell's comments eased investor fears of further interest rate hikes * Lower Treasury yields helped the banks, including regional banks Five up days in a row for the... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Tim Hayes of Ned Davis Research shares an outlook for interest rates in 2024, and explains why a VIX over 28.5 could mean disaster for risk assets. Host David Keller, CMT updates charts of stocks reporting earnings including SBUX,... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe presents a few examples in different timeframes of how to use the RSI indicator for divergences. He explains what to look for when finding counter trend plays, as well as divergence with the trend. Joe then analyses... READ MORE
KEY TAKEAWAYS * Since holiday shopping season is here it could be a good time to add some retail stocks to your portfolio * AMZN, WMT, COST, and TGT could be potential stocks to add to your portfolio as holiday shopping begins * Set alerts for these stocks so you can enter at... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Katie Stockton, CMT of Fairlead Strategies shares her weekly charts of the S&P 500, VIX, and XLK and identifies three areas of opportunity through year-end 2023. Dave breaks down this week's Fed meeting from a technical... READ MORE
The Million Dollar Stock Market Bet Warren Buffett proved his point in 2016 when he bet $1,000,000 that the S&P 500 Stock Index would outperform hedge funds. His bet was that active investment management by professionals would under-perform the returns of people who were passively investing.... READ MORE
KEY TAKEAWAYS * AI will need networks to support its development and growth and one stock that can benefit in this space is Arista Networks * The stock is trading above its 50-day moving average and hit a new 52-week high * The stock is outperforming the S&P 500 index and... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Tony Dwyer of Canaccord Genuity breaks down four charts that speak to a potential tactical rally for the S&P 500, and explains why this market is still all about interest rates. Meanwhile, Dave charts the downtrend channel for... READ MORE
On this week's edition of StockCharts TV'sHalftime, Pete starts the show with a review of the Chaikin Power Gauge and demonstrates how to access to the tool on the ACP platform. Pete then reviews a few names that are moving big today, like Amgen (AMGN) and... READ MORE
On this episode of StockCharts TV's Sector Spotlight, I address the seasonality patterns that are likely to affect stock market and sector performance in the coming month. November is one of the strongest months in the year based on seasonality, but the Real Estate Sector looks to be... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave discusses implications for this week's earnings releases, the November Fed meeting, and geopolitical events. He answers live viewer questions on volume-based indicators, downside targets for the S&P 500 chart, possibilities for a countertrend rally for... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews last week's negative price action in the markets while sharing key areas of possible support for the Nasdaq and S&P 500. She also highlights the relative strength in defensive areas of the market... READ MORE
KEY TAKEAWAYS * The S&P 500 has almost reached the minimum downside objective based on the head and shoulders topping pattern. * SPX 3800 would mean represent a 38.2% retracement level of the March 2020 to January 2022 bull market phase. If you've been fighting the mounting... READ MORE
In this edition of StockCharts TV'sThe Final Bar, host Dave wraps a bearish week with a discussion on downtrend conditions, trendline resistance, deteriorating breadth, and finding opportunities in a bearish landscape. He answers viewer questions on inverted yield curves, recessionary periods, and leading vs. lagging technical indicators. This... READ MORE
In this edition of the GoNoGo Charts show, with US Equities delivering a streak of daily gains this week, Alex takes a top down approach to see what the GoNoGo Charts are saying about markets. With U.S. domestic equities in a "NoGo" trend, the charts warn that... READ MORE
On this week's edition of StockCharts TV'sHalftime, Pete explains how his TLT call from 10/10 was spot-on! But that could all change based on the unemployment rate. Pete believes that rates will fallifthe unemployment rate spikes higher, likely to the 4.25-4.5% level. Until... READ MORE
The S&P 500 (SPY) has fallen about 10 percent from the July top, and the last two weeks has been pretty rough, so should we be looking for the Bear to take charge again? First, looking at a weekly chart, it is not clear that the Bear actually... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Tom Bowley of EarningsBeats shares his chart of key ratios illustrating how growth still has held its ground relative to value stocks. Host David Keller, CMT focuses in on distribution in the last hour of trading and highlights one... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe shows an intraday trade setup in the SPY that took place this week. He uses the MACD and ADX in multiple timeframes to explain in detail how they can help with our entry and timing. He discusses... READ MORE
KEY TAKEAWAYS * Amazon stock has been falling ahead of earnings and is close to hitting the support of its 200-day moving average * When AMZN announce its Q3 earnings, investors will be interested in the company's e-commerce and cloud services * Keep an eye on AMZN's price action... READ MORE
Correlations rise during bear markets. This means more stocks participate in broad market declines than broad market advances. In other words, the odds are stacked against us when picking stocks in bear markets. Traders are better off looking outside of the stock market for opportunities. The Perfchart below shows the... READ MORE
KEY TAKEAWAYS * Microsoft's Q1 2024 earnings report beat analyst expectations * Microsoft's weekly charts suggest a long-term bullish stance for MSFT stock * Microsoft's daily chart also shows a bullish stance with the stock trading well above its 200-day movign average When Microsoft (MSFT) reported earnings... READ MORE
KEY TAKEAWAYS * Google's Q3 earnings will have an impact on which way the stock moves * GOOGL's daily stock chart shows the stock is trading very close to its 52-week high * GOOGL stock is trading above its 21-day exponential moving average, it has a high SCTR rank,... READ MORE
KEY TAKEAWAYS * Golden Cross BUY Signal for Gold * Death Cross SELL Signal for NYSE Composite * Death Cross SELL Signal for Materials (XLB) Gold (GLD) has been strong this month and today its 50-day EMA crossed up through its 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. You... READ MORE
KEY TAKEAWAYS * RRG is sending a strong message to prefer Growth over Value * Putting the growth stocks from IVW through a scan and some thorough RRG analyses finds a handful of interesting names * Two unexpected stocks are showing up as having good upside potential * Especially growth stocks from Defensive sectors... READ MORE
KEY TAKEAWAYS * Scanning for stocks that are reaching all-time highs while the broader market is trending lower can result in ideal trading opportunities * Look for stocks that are trending higher over the longer-term and pulling back * FANG, PGR, and MUSA are showing signs of pullback and should be on your... READ MORE
KEY TAKEAWAYS * Tesla's stock formed a symmetrical triangle pattern leading up to Q3 earnings, indicating potential volatility amid indecision * TSLA stock broke below the symmetrical triangle after missing earnings * You can figure out the price target based on a measured move or average statistics Sometimes, a stock'... READ MORE
The Home Construction ETF (ITB) led the market the first seven months of the year, but fell on hard times the last two months and reversed its long-term uptrend. Today's report/video will look at the trend reversal in ITB using the RSI Trend Range indicator. We will... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave shares how growth over value is less about the types of companies and more about the market cap represented in the largest benchmark names. He breaks down today's pop-and-drop for Bitcoin and answers questions from the newly-added... READ MORE
In this edition of the GoNoGo Charts show, with US Equities delivering a streak of daily gains this week, Alex and Tyler examine the daily weak NoGo trend conditions against the weak Go trend conditions on the weekly timeframe. The model is calculated the exact same way, but longer timeframe... READ MORE
On this episode of StockCharts TV's Sector Spotlight, after two weeks of absence, Julius de Kempenaer is back with an in-depth look at the current state of asset class rotation and sector rotation. By slicing sectors into Offensive, Defensive, and Sensitive groups, he paints a picture with an... READ MORE
I must say, I was surprised that the outbreak of war in the Middle East and a 4% rise in oil sent the market higher, not lower by the close of business last Monday. Typically, a market that does not respond to bad news in a negative way is one... READ MORE
Today's report will compare charts and performance for the Semiconductor ETF (SOXX) and the Semiconductor SPDR (XSD). SOXX represents large-caps and is holding up. XSD represents the average semiconductor stock and it is not holding up. Broad weakness within the semiconductor group is likely to spread to large-cap... READ MORE
KEY TAKEAWAYS * Leading indicators help anticipate price reversals, while lagging indicators validate trend changes you've already observed. * RSI combines the qualities of leading and lagging indicators, helping investors to prepare for and react to trend reversals. * AAPL recently showed a bullish momentum divergence, meaning the leading indicator has... READ MORE