Stocks surged in the second half of August with several ETFs breaking out of corrective patterns, such as falling flags or falling wedges. Even though September is a seasonally weak month, these breakouts are bullish until proven otherwise. Today's commentary will analyze the breakout in the Technology SPDR... READ MORE
The month of August has come to an end, and that means a focus on long-term trends, using monthly Relative Rotation Graphs in combination with the finalized price (bar-)charts for August, on this episode of StockCharts TV's Sector Spotlight. Julius de Kempenaer assesses the rotations of asset... READ MORE
Hello to all my StockCharts supporters! First of all, thank you for your readership of my Trading Places blog, which is now in its 8th year. Also, thanks to all of you that watch my Trading Places LIVE shows that air on Tuesdays, Wednesdays, and Thursdays at 9:00am ET.... READ MORE
The past five sessions of the week saw the Indian equities trading in a defined and narrower range. The first four sessions were seen leading the markets to a weekly loss, but the strong trading session on Friday saw NIFTY recouping its losses. The index oscillated in 234.90-point range,... READ MORE
I love the seasonality information that StockCharts.com provides. It's important to keep in mind that seasonal tendencies are secondary indicators. I don't buy and sell based on them, because the price/volume combination will always be my primary indicator. But if technical indications point to... READ MORE
Last week, the broader markets regained their uptrend, with the S&P 500 and Nasdaq Indexes both closing above their key 50-day moving averages on Tuesday. In addition, the RSI and Stochastics turned positive as well. This price action indicates that the 3-week pullback which began in late July... READ MORE
In this edition of StockCharts TV'sThe Final Bar, TG Watkins of Simpler Trading shows how breadth conditions are very similar to previous bull market pullbacks. Dave focuses in on constructive setups in gold and crude oil, then highlights one semiconductor stock featuring a symmetrical triangle pattern. This video... READ MORE
In this week's edition of StockCharts TV'sHalftime, Pete reexamines the chart he posted before the Jackson Hole meeting; Chairman Powell validated his thinking that the Fed Policy will remain tight until the unemployment rate increases. He then gives a quick review of the SPX and the... READ MORE
Bonds have had one of the worst years in modern times and one of the fastest rates of interest rate rises. The good news is the market has absorbed the bond's performance. A better risk-on environment is when the SPY outperforms the long bonds. The same is true... READ MORE
In this week's edition of The DecisionPoint Trading Room, Carl introduces viewers to the new Market Bias table now included in the DecisionPoint Alert. This table covers all the major indexes, sectors, and select industry groups. He goes over how we determine the bias in the intermediate and... READ MORE
KEY TAKEAWAYS * $INDU chart resting at double support and likely to bounce higher * Outperform the index by avoiding four stocks The Relative Rotation Graph above, which shows the rotations inside the DJ Industrials index, exhibits an evenly-spread-out universe of stocks. This is primarily the result of $INDU being a price-weighted... READ MORE
Small caps, as measured by IWM, are key for the fall and heading into 2024. You can also look at the S&P 600 (SML). IWM could be forming an inverted head-and-shoulders bottom, going back from the start of 2023. (See the rectangle area of the IWM chart). SPY... READ MORE