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
The bond market is doing what the Federal Reserve hasn't -- raising rates. The fear is something is going to break. On this week's edition of StockCharts TV'sHalftime, Pete reviews the TLT chart again, talking over the US 2-year yield less the US 10-year... READ MORE
In this edition of the GoNoGo Charts show, Alex and Tyler take a familiar approach to the markets, starting at the top and working their way down. Going into the sectors, it is healthcare that is starting to outperform, and within that sector, healthcare providers are taking the lead. Single... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Jesse Felder of The Felder Report shares his long-term charts comparing price and earnings, and reveals the two charts he's watching now to navigate a potential market bottom. Dave focuses on resilient strength in the semiconductor group and... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe discusses the importance of the 18-month MA line for investing. He shows how it can provide a bias for a stock or market for years, and how it reveals when to play counter to the trend. Joe... READ MORE
S&P 500 earnings are in for 2023 Q2, and here is our valuation analysis. The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E... READ MORE
Yesterday, we covered the 80-month moving average in small caps and retail. Today, I did several interviews -- some already out (BNN Bloomberg), others out soon (Financial Sense with Jim Pupluva), and the one that you'll find on YouTubelater today with Real Vision. We chose this one to... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave digs out his market correction playbook and shares what market breadth indicators tend to do leading into and out of market bottoms. He also reveals the charts that can serve investors well in corrective phases, using relative strength as... READ MORE
KEY TAKEAWAYS * Rising yields have wreaked havoc on equities but it's not necessarily a cause for worry * Growth stocks have performed well during high interest rate environments and are likely to do so again * The Bullish Percent Index can signal when a turnaround will occur The stock market... READ MORE
In this week's edition of Trading Simplified, Dave shows his methodology in action by discussing his current portfolio and how he is seeing each position to its fruition. He then resumes his series on Jesse Livermore. This week, he explains how years of experience can give you intuition,... READ MORE
The Dollar Index I last wrote an article on the dollar in August, The Dollar Index Goes to Missouri. In it, I pointed out that the Index had reached crucial resistance, which, if surpassed, would signal a new primary bull market and a likely fourth up leg to the secular... READ MORE
We began the year examining the 23-month moving averages in all the indices and major market sectors. It was pretty simple, really: buy anything that cleared the blue line (2-year business cycle), which we explained was a good reflection of a cycle within a cycle (6-7 year cycles are typical)... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest Jeff Huge, CMT of JWH Investment Partners updates his Elliott Wave count for the S&P 500 and shares what the MOVE index can tell us about further upside potential for interest rates. Dave recaps the continued deterioration... READ MORE
KEY TAKEAWAYS * Market is entering strongest period of the year * Positive seasonal expectations for Technology and Financials * Weaker outlook for Healthcare and Energy * Current rotations for Tech and Healthcare are in line with seasonality We are already in October .... How did that happen? Also, I am writing this article while... READ MORE
If you are finding yourself fluctuating between bullishness and bearishness, then congratulations! Hopefully, that also means you are waiting for certain signals to help you commit to one way or another. Here are the signals we are waiting for before overly committing to a bias: 1. As we wrote over... READ MORE