KEY TAKEAWAYS * Lowe's stock is showing signs of weakness. * A bear call spread can capitalize on the neutral to bearish bias on Lowe's stock price. * The bear call spread has a high probability of profit. Despite periodic rallies that have buoyed the home improvement retail sector,... READ MORE
KEY TAKEAWAYS * Short term strength drags enery sector up * Long term strength keeps consumer discretionary on top * Massive upside potential ready to get unlocked in EOG I have been traveling in the US since 1/15 and attended the CMTA Mid-Winter retreat in Tampa, FL 1/16-1/17 and then... READ MORE
In this exclusive StockCharts video, Joe demonstrates how to use the 1-2-3 reversal pattern as a buy signal on the weekly chart. This approach can be used when the monthly chart is in a strong position. Joe shares how to use MACD and ADX to help when the trendline pattern... READ MORE
KEY TAKEAWAYS * Cisco Systems' stock has made substantial investments in AI, which has helped the stock rally higher. * CSCO's stock price has been making all-time highs recently and is worth monitoring. * Look for a pullback and reversal with strong momentum before entering a long position. When you... READ MORE
I have been expecting a bull market correction for about a month, but it's not been as deep as I expected. Now, however, several indexes have completed small bullish two-bar reversal patterns on the weekly charts. If they work, that would be a characteristic of a bull market,... READ MORE
KEY TAKEAWAYS * Energy replaces Technology in top-5 * Financials rise to #2 position pushing XLC down to #3 * Top-5 portfolio out-performs SPY 0.52% * A closer look at the (equal) weighting scheme Energy Replaces Technology At the end of this week, 1/17/2024, the Technology sector dropped out of the... READ MORE
As advancements in medical technology continue to shape the healthcare landscape, DexCom, Inc. (DXCM) stands out with its innovative continuous glucose monitoring solutions. Recent price action suggests that DXCM's stock price has triggered a potentially new bullish run. In this article, I will examine the technical and fundamental... READ MORE
KEY TAKEAWAYS * The Bullish Percentage Index for Financials made a dramatic jump on Wednesday. * Positive bank earnings plus encouraging CPI and PPI data are driving market optimism. * Citigroup stock notched a 52-week high, making the stock worth analyzing. One effective way to spot potential market opportunities on a sector level... READ MORE
KEY TAKEAWAYS * Central banks are accumulating gold at an increased pace which could increase the price of gold. * While retail sentiment for gold may decline slightly, institutional accumulation remains steady. * Compare gold futures with the ETF and look at the key levels, as a buying opportunity may be near. Gold... READ MORE
KEY TAKEAWAYS * ETFs holding up during corrections often lead when the market turns up again. * Ranking performance based on year-to-date and one month Rate-of-Change. * ARTY and IHI show relative and absolute strength. The stock market is in pullback mode with the S&P 500 EW ETF down 5.15%... READ MORE
KEY TAKEAWAYS * The best five sectors remain unchanged. * XLC and XLF are both starting to show weakness. * XLI is holding above support, while XLK remains within rising channel. The composition of the top five sectors remains unchanged this week, despite an interrupted trading week. This stability comes against a backdrop... READ MORE
KEY TAKEAWAYS * StockCharts' New Highs tool is invaluable for spotting outliers during market uncertainty. * In the case of BSX stock, the New Highs spotted a stock that's significantly defied the healthcare sector's bearish trend. * BSX may soon be approaching a buy point if you'... READ MORE
KEY TAKEAWAYS * Strong Services PMI and more job openings puts inflation narrative back in focus. * Rising Treasury yields put pressure on large-cap tech stocks. * Energy and healthcare stocks saw the biggest gains in Tuesday's trading. What a difference a day makes! December ISM Services data suggests the service... READ MORE
KEY TAKEAWAYS * CES 2025 kicks off this week with many products likely to feature AI functionalities. * Semiconductors are among the backbone components driving AI tech. * Be sure to monitor the general industry and focus on key semiconductor stocks, a few of which may be approaching buy points. On Tuesday, January... READ MORE
In this video, Dave shares a long-term analysis of the Ten-Year Treasury Yield, breaks down how the shape of the yield curve has been a great leading indicator of recessionary periods and weaker stock prices, and outlines the chart he's watching to determine if early 2025 will look... READ MORE
In today's free DP Trading Room Carl and Erin discuss whether this market rally can get legs and push the market even higher? Mega-caps are looking very positive with the Magnificent Seven leading the charge. Technology is showing new strength along with Communication Services. Carl starts the trading... READ MORE
KEY TAKEAWAYS * The Russell 2000 ETF (IWM) gained 10% in 2024 - but did it the hard way. * Even when trending higher, IWM is prone to pullbacks and erratic price action. * Chartists can put this to their advantage by using %B to identify tradable pullbacks. The Russell 2000 ETF managed... READ MORE
KEY TAKEAWAYS * No Santa Claus Rally this year, but the stock market's optimistic price action on Friday lifted investors' moods. * Stocks like TSLA and NVDA had big gains while X, CVNA, and alcoholic beverages had big declines. * Treasury yields and the US dollar remain high, and oil... READ MORE
KEY TAKEAWAYS * SQ stock's recent price action makes it a candidate for a favorable risk/reward options strategy. * Fundamentally, SQ stock looks promising, with attractive valuation, robust growth metrics, and recent earnings. * A bull put spread would be an ideal strategy to take advantage of SQ stock'... READ MORE
HAPPY NEW YEAR!!! Ever since the introduction of RRG back in 2011, many people have asked me questions like: "What is the track record for RRG" or "What are the trading rules for RRG"? My answers have always been, and will continue to be, "There... READ MORE
KEY TAKEAWAYS * The stock market's annual performance has been stellar, with the S&P gaining over 23%. * Take care to monitor the three S&P 500 stocks with the strongest technical rank in 2025. * Make use of scanning tools to help filter stocks that meet your... READ MORE
It's an interesting market day with the market moving lower despite positive seasonality. Natural Gas (UNG) broke out in a big way up over 15% at the time of writing. Is it ready to continue its big run higher? Carl took the day off so Erin gave us... READ MORE
There are a number of effective swing trading systems being used today. Let's explore one that is popular among Wyckoffians. It uses two inputs: Point and Figure charts and volume. Let's review this system with a case study of Charles Schwab Corp. (SCHW). As markets are... READ MORE
In this video, Mary Ellen highlights whether to buy last week's pullback. She discusses the rise in interest rates and why, as well as which areas are being most impacted. Last up, she reviews potential winners with new Trump policy, how to spot a downtrend reversal, and the... READ MORE
KEY TAKEAWAYS * As 2024 winds down, it's time to set some financial resolutions for 2025. * Always look at long term charts before making investment decisions. * Be flexible, organized, and disciplined when managing your investment portfolio. Are you ready to make 2025 a financially healthy year? The beginning of... READ MORE
KEY TAKEAWAYS * Quantum computing stocks have been rising since November. * Four quantum computing stocks were in the "Small-Cap, Top 10" category in the StockCharts Technical Rank (SCTR) report. * You can also gain exposure to quantum computing stocks by investing in the Defiance Quantum ETF. Qubits, quantum advantage, gate... READ MORE
In this video, after a rundown of the general markets and sectors, Tony brings you the latest options trade ideas. These include a number of bullish and bearish ideas, including DIS, AAPL, META, BA, LULU, and many more. This video premiered on December 23, 2024.... READ MORE
KEY TAKEAWAYS * After a pullback, META's stock price could be ready for a reversal. * The uptrend is still on from a weekly perspective, but the daily chart shows the price is at a crossroads and could move in either direction. * If META's stock price is too... READ MORE
In today's free DecisionPoint Trading Room Carl discusses volume spikes and how we have to analyze big volume spikes carefully to determine whether they express a confirmation of a move or whether they are a special case and do not really provide insight. Carl goes over the signal... READ MORE
KEY TAKEAWAYS * The SPDR S&P 500 ETF (SPY) was flagged as a technically strong chart. * An analysis of the SPY chart shows the ETF is being indecisive. * Monitor the chart of SPY for indications of a decisive move in either direction. When running my StockCharts Technical Rank (SCTR)... READ MORE
This year has been a very good one for stockholders. Come to think of it, 2023 wasn't so bad either. After an extended period of gains, it's natural for investors to become complacent, especially as they head home for the holidays. This is the kind of... READ MORE
Today Erin looks at the Broadcom (AVGO) chart and compares it to the NVIDIA (NVDA) chart. She shows us the differences between the two and tells you whether she believes AVGO will be the new NVDA, meaning it will perform as NVDA used to perform with a concerted move up... READ MORE
KEY TAKEAWAYS * CSCO stock has pulled back to its 21-day exponential moving average and is poised for a reversal. * Monitor the stochastic indicator to confirm a reversal in CSCO's stock price. * If you enter a long position in CSCO, establish your stop loss and have the discipline to... READ MORE
KEY TAKEAWAYS * SOFI's stock price recently appeared in the SCTR Report's top 10 list in the large-cap category. * After a strong two-month rally, the fintech stock is now pulling back. * Monitor SOFI's chart and watch key levels closely as the stock approaches a potential... READ MORE
Tony and Grayson are back with another informative video highlighting the opportunities the OptionsPlay add-on brings to the StockCharts platform. Tony highlights income generation ideas you can find with the add on. Together, the duo also cover the strategy center, and the SharpCharts and ACP widgets. This video premiered on... READ MORE
KEY TAKEAWAYS * If you want to reposition your portfolio for 2025, consider the potential policy changes that can significantly affect the market. * Focusing on financials and using MarketCarpets Bollinger BandWidth setting identifies stocks with low volatility setups, among other qualities. * Identify stocks that meet your investing criteria and add them... READ MORE
In this video, Dave unveils his "line in the sand" technique to help determine when stocks in established uptrends may be near the end of the bullish phase. He'll share specific levels he's watching for the S&P 500, AMZN, TMUS, and KR,... READ MORE
KEY TAKEAWAYS * Tractor Supply Co. may be setting up for a declining move in its stock price. * Take advantage of the downside move in Tractor Supply using a call vertical spread. * Monitor the OptionsPlay scans to identify options strategies to apply to stocks like Tractor Supply Co. Despite attempts to... READ MORE
Today Carl looks at the 26 indexes, sectors and groups in a CandleGlance to see how the indexes stack up. It is clear that all of the indexes are as good as they can get. Carl warns that when things are as good as they can get, the only place... READ MORE
After a broad market review, Mary Ellen shares strategies for trading pull backs and breakouts in stocks. Highlights include a deep dive into ARK's Innovation ETFs and their holdings, locating market strength in the process. Tune in for valuable insights and tips to help you make informed investment... READ MORE