* The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher * Rest of the World Emerging * Europe, Japan and Emerging Markets Looking Positive The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher US indexes have rallied sharply in the last week, but so have... READ MORE
STOCK INDEXES NEAR OLD HIGH...Stocks around the world are trading higher this morning. Chart 1 shows the S&P 500 nearing a test of a trendline drawn over its July/September highs. All other major stock indexes are also trending higher. A big drop in Boeing (BA), however,... READ MORE
DOLLAR FALLS AGAINST EURO AND POUND...Chart 1 shows the Invesco US Dollar Index Fund (UUP) falling this week to the lowest level in two months. Most of that drop has come against the Euro and British Pound. Chart 2 shows the British Pound rising to the highest level in... READ MORE
HEALTHCARE CONTINUES STRONG WEEK...Healthcare is the day's strongest sector for the second time this week. Chart 1 shows the Health Care SPDR (XLV) trading above a falling trendline drawn over its July/September highs; and putting the XLV close to the highest level in nearly four months.... READ MORE
* Pound is in a Long-Term Secular Bear Market * Crossing of the 200-Day Starts the Ball Rolling for a Primary Bull Market * Pound Set to Break Against the Euro Pound is in a Long-Term Secular Bear Market Chart 1 shows that the British Pound has been in a secular bear market... READ MORE
COMMUNICATIONS SPDR HAS STRONG DAY...While healthcare and financials have been leading for most of the day, communication stocks have crept into second place in afternoon trading. Chart 1 shows the Communication Services SPDR (XLC) bouncing impressively off its 50-day average that it cleared just last week. It's... READ MORE
MAJOR STOCK INDEXES BUILD ON RECENT GAINS...After a modest pullback yesterday, major U.S. stock indexes are building on last week's trade-inspired gains. Chart 1 shows the Dow Industrials trading at the highest level of the month this morning. The Dow appears headed toward the top of... READ MORE
STOCK INDEXES SOAR ON TRADE HOPES...Stocks around the world are jumping sharply today on reports of a partial trade deal reached between the U.S. and China. Chart 1 shows the S&P 500 surging to the highest level this month to put it well above its 50-day... READ MORE
TEN-YEAR BOND YIELD IS BOUNCING OFF CHART SUPPORT...Global bond yields are bouncing today. The daily bars in Chart 1 show the 10-Year Treasury Yield rising 6 basis points to 1.65%. What makes that meaningful is that the TNX bounce is taking place from just above the previous low... READ MORE
STOCK INDEXES REMAIN IN TRADING RANGE...The three major U.S. stock indexes shown below remain in a sideways trading range between their 50-day moving averages on top and 200-day lines below. And they continue to trade between their July highs and August lows. While the short-term picture remains indecisive,... READ MORE
* Short-Term Indicators Behave Differently in Bull and Bear Markets * Three Charts to Watch for a Potential Bearish Scenario Short-Term Indicators Behave Differently in Bull and Bear Markets Short-term oscillators behave differently depending on the direction of the primary trend. In bull markets, prices are very sensitive to oversold conditions and... READ MORE
STOCKS BUILD ON YESTERDAY'S REBOUND OFF THEIR 200-DAY AVERAGES... Stock prices are continuing the rebound that began with yesterday's upside reversal off their 200-day moving averages. And they're now trying to clear some overhead resistance. Chart 1 shows the Dow Industrials entering an overhead... READ MORE
MAJOR STOCK INDEXES BOUNCE OFF CHART SUPPORT... After trading sharply lower today, stocks reversed upward to score a potential upside reversal day. And they did it at some critical support levels. Chart 1 shows the Dow Industrials bouncing off their 200-day moving average and chart support near their August lows.... READ MORE
The monthly Market Roundup video for October is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
MAJOR STOCK INDEXES MAY BE HEADED FOR TEST OF SUMMER LOWS...Stock prices are undergoing more short-term technical damage. All three major stock indexes shown below have fallen decisively below their 50-day averages. Which raises the likelihood for a test of their August lows, and 200-day moving averages (red arrows)... READ MORE
STOCK INDEXES ARE UNDER HEAVY SELLING PRESSURE...The weakest U.S. manufacturing number in ten years turned an early stock rebound into a bout of heavy selling. And the short-term stock picture continues to weaken. Chart 1 shows the Nasdaq Composite Index failing an early attempt to regain its 50-day... READ MORE
NASDAQ ENDS BELOW ITS 50-DAY AVERAGE...While the three major U.S. stock indexes pulled back further from their July high, the Nasdaq was by far the weakest performer. Chart 1 shows the Nasdaq Composite Index ending the week well below its 50-day moving average (blue line). In addition, its... READ MORE
NASDAQ COMPOSITE FALLS FURTHER BELOW ITS 50-DAY LINE... Chart 1 shows the Nasdaq Composite falling sharply today and moving further below its 50-day moving average. Selling in software and semiconductors are leading the decline in the technology sector. Communication stocks are also having a bad day. Chart 2 shows the... READ MORE
* What's Happening with Last Week's Three Featured Charts * Short-Term Oscillators * Longer-Term Indicators are Mostly Bullish Last week, I wrote that the short-term technical picture looked positive, but that I was watching three charts which would confirm a significant extension to the bull market in the event... READ MORE
DOW AND SPX HOLD SUPPORT...NASDAQ REGAINS BLUE LINE...Stocks regained most of the previous day's losses. Chart 1 shows the Dow Industrials bouncing off their 20-day average. Chart 2 shows the S&P 500 holding support at its 50-day line. The Nasdaq turned in an even... READ MORE
STOCK INDEXES LOSE MORE GROUND...Majorstock indexes moved further away from their July peak today and some short-term chart damage was done, especially in the Nasdaq market. Chart 1 shows the Dow Jones Industrial Average losing -142 points (-0.53%) and ending right on its 20-day average (green line); its... READ MORE
STOCK INDEXES STALL NEAR JULY HIGH...Stocks ended the week with minor losses after meeting some resistance along their July high. Chart 1 shows the Dow Industrials consolidating just below their summer high, but remaining well above chart support and moving average lines. Chart 2 shows the S&P... READ MORE
MAJOR STOCK INDEXES NEAR SUMMER HIGHS...Major U.S. stock indexes are trading higher today and approaching a test of their summer highs. Chart 1 shows the Dow Industrials continuing its bounce from yesterday afternoon and maintaining its bullish bias. Chart 2 shows the S&P 500 doing the... READ MORE
STOCKS RECOVER EARLY LOSSES...Stocks recovered from initial selling after today's quarter point rate cut. Chart 1 shows the Dow Industrials ending 36 points (+0.13%) higher today to reverse earlier losses. The S&P 500 also closed modestly higher; while the Nasdaq ended modestly lower. Sector... READ MORE
* High Velocity of Short-Term Indicators Indicate Higher Prices * Three Charts to Monitor for More Upside Potential High Velocity of Short-Term Indicators Indicate Higher Prices A couple of weeks ago, I cited some short-term indicators for the US stock market that struck me as being bullish. Several of these are now... READ MORE
CRUDE OIL AND ENERGY SHARES JUMP...As expected, the weekend attack on Saudi Arabia's oil facilities pushed the price of oil sharply higher today and in very heavy trading. Chart 1 shows the United States Oil Fund (USO) surging 12% to the highest level in four months. Energy... READ MORE
TEN-YEAR TREASURY YIELD BOUNCES OFF MAJOR CHART SUPPORT... My Wednesday message showed the 10-Year Treasury yield bouncing off major chart support at its 2012 and 2016 lows and in a very oversold condition. That made a rebound in bond yields more likely. The weekly bars in Chart 1 show the... READ MORE
STOCK INDEXES GAIN MORE GROUND... The stock upturn that started last week when major stock indexes cleared their August trading range and 50-day averages gained momentum today. All three major indexes hit the highest level in more than a month. Chart 1 shows the Dow Industrials gaining 227 points (+0.... READ MORE
TEN-YEAR TREASURY YIELD IS TESTING MAJOR SUPPORT...Bond yields have been falling all over the world since the end of last year. Several foreign government bond yields have fallen deeply into negative territory and have helped pull Treasury yields lower. The 30-Year Treasury Yield recently fell to a new record... READ MORE
DOW TRANSPORTS NEAR TEST OF OVERHEAD RESISTANCE...After lagging behind the rest of the market for most of the past year, transportation stocks are starting to show new life. Chart 1 shows the Dow Jones Transportation Average surging more than 1% today to the highest level in more than a... READ MORE
RISING OIL PRICE BOOSTS ENERGY STOCKS...A jump in crude oil helped make energy the strongest sector on a generally flat market day. Chart 1 shows the Energy SPDR (XLE) climbing 2% to the highest level in a month (on rising volume), and showing upside leadership for the the first... READ MORE
* Long-Term Commodity Technicals are Finely Balanced * Gold Leads Commodities * Commodities Rise and Fall with Confidence * Short-Term Technicals are Encouraging * Platinum Breaking Out Commodities have been losing ground recently, but the latest data suggest that they may be in the process of turning around. If so, that could be important for... READ MORE
MAJOR STOCK INDEXES ACHIEVE UPSIDE BREAKOUTS...A rally in global stocks has taken a turn for the better with major stock indexes clearing some upside resistance barriers. The three major stock indexes shown below have all cleared their August highs and 50-day moving averages. At the same time, their 14-day... READ MORE
The monthly Market Roundup video for September is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
* Breadth Acting Positively * Four Short-Term Indicators Turn Bullish * Stocks Could Be Breaking Against Gold The mood on Wall Street is turning ever more cautious as the economic numbers continue to soften. We need to remember, though, that the stock market is a forward-looking indicator, as it looks through the foggy... READ MORE
MAJOR STOCK INDEXES BACK OFF FROM OVERHEAD RESISTANCE...Stocks are only halfway through one of the year's weakest seasonal stretches between August and September. And September is usually the weaker of the two. And they're starting the month on a weak note. Another round of tariffs... READ MORE
THE DOW HOLDS ITS RED LINE...A lot of underlying support levels have held this week, and stocks are now approaching overhead resistance.Tuesday's message showed the Dow Industrials testing its 200-day moving average for the third time since the start of August. Sometimes the third time is... READ MORE
SMALLER STOCKS TEST IMPORTANT SUPPORT LEVEL...Yesterday's message showed the Dow Industrials and a handful of sector SPDRS testing potential support at their 200-day moving averages. Today's message will show three stock groups that are testing even more important support along their spring lows. Starting with... READ MORE
* Support Holds in an Oversold Market * Most Sectors Still Experiencing Rising Peaks and Troughs Last week, I pointed out that the stock market faced a challenge at its recent lows. This was because I saw that a breach of the solid red trend lines in Charts 1 and 2 would... READ MORE
STARTING WITH THE DOW...Chart 1 shows the Dow Industrials finding support at its 200-day moving average for the third time this month. That's an encouraging sign. In addition, its daily MACD lines are close to turning positive (lower box); while its 14-day RSI line (top box) is... READ MORE