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
Most of you know our Big Viewproduct since I often discuss our risk gauges. I can report to you that our risk gauges show three out of the five with risk off. Most interestingly, the SPY continues to outperform the long bonds, risk-on. And junk bonds continue to outperform long... READ MORE
KEY TAKEAWAYS * The S&P 500 index closed lower for the week and below its 200-day moving average * Long-dated Treasury yields continue to move higher as investors digest the higher-for-longer narrative * VIX has been trending higher which indicates a rise in investor uncertainty Stock market action in the last... 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
Considering everything: 1. Yields and mortgage rates 2. War 3. Inflation and rising commodity prices 4. Bank stocks falling 5. Risk Gauges: 2 out of 6 now risk-off To name a few, why, then is the S&P 500 so strong? Here are a few reasons: 1. Fed members... READ MORE
KEY TAKEAWAYS * Small cap and retail stocks are rising and need to hold support to clear overhead resistance. * iShares Nasdaq Biotechnology ETF (IBB) should stay within the 120 to 125 range. * Watch the range in regional banks, a potential uptrend in Bitcoin, and a bullish move in commodities. With words... 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
Waking up to a new week of geopolitical stress, fake news (Blackrock spot ETF), higher yields, softer dollar, equities rally, I thought to myself: As far as the market goes, it feels like time is standing still. Why would I think that? After all, it may not last and certainly... 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
In this week's edition of The DecisionPoint Trading Room, Carl discusses the war's effect on the market and looks closer at the effects of high mortgage rates, which have hit multiyear highs. These are pinching not only buyers, but sellers and homebuilders. Afterwards, he goes deeper... 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
Larry is going LIVE! Don't miss the upcoming "Family Gathering" webinar with Larry Williams, airing live through Zoom this Friday, October 20th at 2:00pm EDT. In this must-see event, Larry will be presenting his current opinions on a broad variety of current market topics, directly... READ MORE
In the previous technical note, it was mentioned that the volatility gauge INDIAVIX had stayed at its lowest levels, and this setup was keeping the markets vulnerable to profit-taking bouts from the current levels. Over the past five days, the markets showed some signs of profit-taking, but at the same... READ MORE
The markets started the week on a strong note with a rally, which was boosted by the release of dovish remarks from the Federal Reserve's last meeting. A stronger-than-expected CPI report sparked an increase in interest rates, however, which pushed the markets lower. The selling picked up on... 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
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen shares where the market stands, after last week's price action had select areas far outpacing the markets while others were weak. She also reviews the start of earnings season following reports from several high profile companies.... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave tracks the rapid decline in growth sectors including Technology and Communication Services as defensive plays like utilities and gold post a strong finish to the week. Dave answers questions from The Final Bar Mailbag on the McClellan Summation Index... READ MORE
The market followed the Moxie rules perfectly this week. The setup was there for our traders, and so we took advantage of the choppy down move over the last three days which were spurred on by some economic reports and worldly events. In this week's edition of Moxie... READ MORE
KEY TAKEAWAYS * Broader stock market indices are still holding support despite the selloff * The VIX closed higher but it's still tame relative to past readings * Gold futures closed above $1900 per ounce indicating that investors may have fled to gold in case geopolitical tensions escalated over the weekend... READ MORE
I went back to my Outlook 2023 written in December 2022, where I begin with: You Can't Run with the Hare and Hunt with the Hounds. This expression will ultimately summarize the upcoming year. As the Year of the Tiger loses its roar, the Year of the Rabbit... READ MORE
KEY TAKEAWAYS * Silver Cross Index Has Bullish "Shift" Above Signal Line for QQQ, XLC and IYT * QQQ Should Continue Higher * XLC Struggles Today, But Has Bullish Outlook * IYT Neutral Outlook Based on Relative Strength The Silver Cross Index is another way for us to measure participation within an... READ MORE
Some notes this week: Growth stocks are acting as a defense move again, especially given that the Fed remains on the fence about interest rate. Small caps and retail though, could still act as an anchor. For now, they both held a key area -- 6-7-year business cycle lows --... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Chris Verrone of Strategas Research Partners discusses how small-caps may emerge from the quagmire, along with why it's important to focus on relative strength. Host David Keller, CMT points out the continued strength of offense over defense... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe discusses keys to using the ADX indicator. He focuses on the 2 clear strategies for ADX and how to handle them. In addition, he describes the slope of this line and how that affects the strategy. Joe... READ MORE
Several short-term charts suggest the SPDR Real Estate ETF (XLRE) is getting ready to rock and roll, thereby indicating an extension to this week's rebound is in the cards. It's possible that the expected rally could result in shifting some of the longer-term indicators towards a... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Adam Turnquist, CMT of LPL Financial shares his chart of the Ten Year Treasury Yield and explains why the US Dollar may be the most important chart to watch as earnings season begins. Dave highlights stocks making new swing... READ MORE
Before we begin, just a note to mention that TLT took out the fast MA featured in the October 10th daily, while SPY underperformed. If that is a trend, it behooves you to review that daily. Loyal readers of the Daily know that we often focus on zooming out to... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Doug Ramsey, CFA CMT of The Leuthold Group talks small-cap underperformance and shares two breadth indicators illustrating the recently dire conditions. Host David Keller, CMT declares the 200-day moving average "the most important line in the sand for... READ MORE
The next direction of the long bonds is crucial in determining the macro. First, after a wrecking ball crash and ahead of the FOMC, we could surmise that a bottoming-like action defines the last several trading days. Our Real Motion indicator shows a mean reversion. The 10-day moving averages (cyan... READ MORE
On this week's edition of StockCharts TV'sHalftime, Pete reviews the bullish percent index; with all the market talking about oversold conditions, the bullish percent makes that narrative make more sense. He then reviews the 20+ Year Treasury Bond ETF (TLT) and deciphers what is happening on... READ MORE
In this special edition of StockCharts TV'sThe Final Bar, Mish Schneider, Chief Strategist at MarketGauge, takes over for Dave Keller to share her thoughts on the daily Market Recap during a day of uncertain news. This video originally premiered on October 9, 2023. Watch on our dedicated Final... READ MORE
For consistency, here are the key go-tos during an uncertain time in the market: 1. The next direction of long bonds (TLT). 2. The next direction of the small caps and retail sectors (IWM, XRT). 3. The next direction of commodities, all of them, but particularly the agricultural ones, oil... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl opens the show with a discussion of the yield curve, followed by his coverage of the Magnificent 7+ and the market in general. Erin looks at the effect of war on the Energy sector, as well as a... READ MORE
Despite the volatile moves during the four sessions of this week's shortened frame, we ended on a very flat note for the second time in a row. The trading range remained slightly wider compared to the previous week. Compared to the 274.55-point range in the week before,... READ MORE
KEY TAKEAWAYS * The accumulation phase is marked by higher highs and higher lows, as investors push the price onward and ever upward. * Stocks in the distribution phase are trending lower, with the price usually below two downward-sloping moving averages. * A symmetrical triangle or "coil" pattern is a telltale... READ MORE
I spent all of last week, in the media and in print, going over the importance of 2 key indicators. (See the media clips below.) 1. Our risk gauges on Big View, all of which kept flashing risk-on regardless of the doom-and-gloom and initial selloff in bonds and SPY. 2.... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish bias that's shaping up in the markets as high-growth areas begin to turn positive. She also provides insights into what's driving this price action, as well as what to be on... READ MORE
In this special edition of StockCharts TV'sThe Final Bar, Dave breaks down the crucial charts shaping October 2023's financial landscape. This video originally premiered on October 6, 2023. Watch on our dedicated Final Bar pageon StockCharts TV, or clickthis linkto watch on YouTube. New episodes of... READ MORE
KEY TAKEAWAYS * Strong September jobs report caused an initial shock but investors overcame it and the broader stock market indexes all closed higher * Volatility remained below 20 during the trading day * In addition to Technology and Communication Services, Financials may be showing bullish strength September's strong labor market—... READ MORE