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Coming week to remain volatile for NIFTY; dealing with volatility infused by results of State Elections important

by Milan Vaishnav

It wasn't smooth sailing for the equity markets as the previous week remained quite volatile, with the markets oscillating both ways to finally end the week in the red. The benchmark index NIFTY50 had moved past its 50-Week MA earlier, but it has failed to sustain that level. On weekly basis, the index ended with net loss of 183.05 points (-1.68%). The coming week is set to remain action  Read More

DP Weekly Wrap: Still In Trading Range Despite Fireworks

by Carl Swenlin

There will probably be a lot of people mentioning that today there was a "Death Cross" on the S&P 500 chart, and this is important because a Death Cross means that the price index has entered a bear market. Specifically, on the $SPX chart (not shown) the 50-day simple moving average crossed down through the 200-day simple moving average (SMA). I don't use SMAs because I believe exponential  Read More

12/7 MWL Recap: What's Hot, What's Not - Scanning for Shorts

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

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Weekly Market Review & Outlook (with video) - Going Nowhere Fast

by Arthur Hill

A Bull Market in Noise. New Lows Expand. Another Week and Another Big Swing.. NDX Holds Up Better. Stocks Holding the 200-day. SKYY, HACK and IGV Trace Out Wedges. Healthcare Remains the Leader. REM, IHI and IHF Hold Up. Notes from the Art's Charts ChartList. A Bull Market in Noise  There sure is a lot of noise out there, and I am not just talking about the charts  Read More

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OIL JUMPS ON OPEC CUTS -- THAT'S GIVING ENERGY SECTOR A BOOST

by John Murphy

LARGER THAN EXPECTED OPEC CUTS BOOST CRUDE OIL OPEC and Russia finally agreed to a larger-than-expected production cut of 1.2 million barrels a day of crude oil which is lifting the price of that commodity today. It remains to be seen, however, if that's enough to reverse the 30% drop in the price of oil since the start of October. Chart 1 shows the United States Oil  Read More

Big Recovery Temporarily Halts Slide; Nonfarm Payrolls Weak

by Tom Bowley

Market Recap for Thursday, December 6, 2018 The Dow Jones and S&P 500 were both on a crash course for key February price support until buyers re-emerged just past 11am EST.  At the low yesterday, the Dow Jones was down nearly 800 points and it had tumbled more than 1700 points since the euphoric highs on Monday after the U.S.-China trade war "cease fire" was announced.  But the  Read More

12/6 MWL Recap: Bear Market or Correction? - SCTR Report

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

Canada Tries To Rally - Bi-Weekly Market Review 2018-12-04

by Greg Schnell

With the volatility surging, the indexes have really been flopping around. The $TSX continues to struggle. The outside bar forming after Thursdays wild ride is not bullish. The intraday action was better on Thursday, but we will need these levels to hold. The 10-minute chart (a shorter time frame than I usually look at) shows the price moving from the top of the range to the  Read More

U.S. Stock Futures Plummeting; Caution Is The Word

by Tom Bowley

Market Recap for Wednesday, December 5, 2018 The U.S. stock market was closed. Pre-Market Action U.S. futures look set to continue Tuesday's rout.  The 10 year treasury yield ($TNX) is lower by 3 basis points to 2.89% as money seeks out safety in the defensive bond market.  Crude oil ($WTIC) is down 2.76% at last check as it looks poised to retest the $50 per barrel level. Asian  Read More

Improve a 'Bad' 529 College Savings Plan

by Brian Livingston

There are scores of different tax-free savings programs for college - and even K–12 private-school tuition, in some areas and plans. That's a great way to cut taxes, but most of the accounts have limited investment choices and restrictive trading opportunities. Despite these obstacles, you can pump up your long-term gains using simple techniques.   My goal is to help the more  Read More

Why Is Everybody Talking About The Yield Curve? What Is All The Fuss About?

by Julius de Kempenaer

The yield curve has become a popular subject recently. Also, a few commentators on the site have mentioned the yield curve and its recent movements in their blogs recently. Read articles by Chief John,  Read More

12/5 MWL Recap: Gatis Roze - Greg Schnell - Market Outlook for 2019

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

Kohinoor Foods and Godrej Agrovet

by Milan Vaishnav

Kohinoor Foods and Godrej Agrovet have under-performed the broader markets for quite some time. Presently, both of them are set to end their downward trajectory and look for some upward revision in prices over the coming days. Kohinoor Foods Ltd (KOHINOOR.IN) After hitting a high of 95.75 in early 2018, the stock has remained in a prolonged corrective action. The prices have traded in a falling  Read More

An Emerging Market Trading above its 200-day

by Arthur Hill

The S&P 500 is below its 200-day moving average and most country indexes are also below their 200-day moving averages. Two emerging countries, however, stand out in this crowd: Indonesia and the Philippines. The first chart shows the Indonesia iShares (EIDO) and the DJ Indonesia Index ($IDDOW) with their 200-day SMAs. The index (lower window) found support in the 1225-1250 area from July to  Read More

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REVIEWING THE PHILOSOPHY OF TECHNICAL ANALYSIS -- CHARTS ACT AS LEADING INDICATORS OF FUNDAMENTAL INFORMATION

by John Murphy

WHY WE LOOK AT CHARTS I've written several messages since the start of October about why the sharp stock market drop that month was most likely the start of a major topping process. Previous messages used Elliott Waves, the unusually old age of the current bull market (and economic expansion), as well as negative long-term chart indicators as reasons to start taking market selloffs  Read More

Impulsive Selling Dominates, Dow Jones Drops 800....What Does It Mean?

by Tom Bowley

Market Recap for Tuesday, December 4, 2018 Don't be swayed by market commentary that discusses lack of volume yesterday as a positive.  First of all, the Dow Jones fell 800 points.  800!!!  And that's somehow a positive?  We lost 20 hour EMA support on the intraday chart without a fight.  We later lost 20  day EMA support without a fight  Read More

Yields Invert - Dow Drops 800 - Whoa!!!!

by Greg Schnell

The yield curve has been the talk of the town as the Fed has raised interest rates. With lots of discussion, a part of the yield curve finally inverted this week. The issue at this point in time is the bond market has seen the 2, 3 and 5-year yields invert. How can we show that on a chart? The real problem for chartists is getting the settings right to make it easy to see. On the  Read More

12/4 MWL Recap: DecisionPoint Monthly Review - Spotlight Stocks

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

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PLUNGING BOND YIELDS SEND SIGNAL OF ECONOMIC WEAKNESS -- S&P 500 FALLS BELOW 200-DAY AVERAGE AFTER FAILING TEST OF NOVEMBER HIGH

by John Murphy

TEN-YEAR TREASURY YIELD PLUNGES BELOW ITS 200-DAY AVERAGE Chart 1 shows the 10-Year Treasury yield plunging to the lowest level in three months and falling below its 200-day average for the first time in more than a year. That means that investors are putting a lot of money into Treasury notes and bonds today. That's normally a sign that investors are losing  Read More

RRG Says Stocks Are The Weakest Asset Class

by Julius de Kempenaer

The Relative Rotation Graphs shows the rotation of various asset classes around a balance benchmark portfolio (VBINX). The message could not be more clear. Stocks (SPY) just crossed over from weakening into the lagging quadrant while ALL other asset classes are inside the leading quadrant. This is a pretty clear message that is hard to ignore. Summary Stocks rotate into lagging quadrant  Read More

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A Funny Thing May Have Happened To The Secular Reversal In Rates

by Martin Pring

The Secular Bear Market in Yields Near-Term Indications of a Decline in Bond Yields Watch That Stock/Bond Relationship for an Important Signal The Secular Bear Market in Yields Please note that the comments in this article relate to bond yields with maturities of 3-years or longer. They do not apply to money market yields, which are controlled by the Fed. Charts 1 and 2  Read More

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Unimpressive Breadth - Finance and Industrials Weigh - Strange Happenings in the Bond Market

by Arthur Hill

Three Gaps in the Same Place for SPY. What's Up with Bonds and Utes? Strange Happenings on the Yield Curve. Finance and Industrials are Still Laggards. On Trend on Youtube. Internal Strength on Big Bounces Monday's surge was impressive when looking at the change from Friday's close, but intraday price action and breadth were not impressive. AD Percent for the S&P  Read More

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December 2018 Market Roundup with Martin Pring

by Martin Pring

The Market Roundup Video For December 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

As We Head Into Winter, We Should Buy.....Home Construction Stocks?

by Tom Bowley

Market Recap for Monday, December 3, 2018 Global stocks were buoyed on Monday by the United States and China agreeing to delay further tariffs for 90 days to provide the two countries an opportunity to work through its trade differences.  Obviously, nothing has been resolved and it simply pushes back the effect of higher tariffs.  Nonetheless, buyers emerged.  All of the major  Read More

12/3 MWL Recap: Monday Setups - Earnings Spotlight with John Hopkins - Sentiment

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. The show runs throughout the day on StockCharts TV or you can find the latest episode on the YouTube  Read More

Interview with Japanese Trader: Takehiro Hikita - Part 1

by Greg Morris

This is a lengthy interview, so this article will be the first half, followed next week by the second part.  Mr. Takehiro Hikita has graciously provided me with a large amount of insight into the candle pattern philosophy.  I have never met anyone so devoted to the detailed study of a concept as he.  He started using candlestick analysis many years ago, in fact, all of his  Read More

Here's A Bear Market Signal That's Yet To Turn Bearish

by Tom Bowley

Market Recap for Friday, November 30, 2018 Friday's strength capped off a very solid week for the bulls, one in which the Dow Jones gained more than 1250 points.  Strength was found everywhere although healthcare (XLV, +2.03%) and utilities (XLU, +1.48%) were the big winners to end the week.  While biotechs ($DJUSBT, +2.21%) surged to highs not seen in more than a month (see  Read More

Cisco Holds Up Well and Maintains Uptrend

by Arthur Hill

Relative strength, an uptrend and a bullish continuation pattern point to higher prices for Cisco (CSCO). First and foremost, Cisco is in a long-term uptrend. The stock recorded a 52-week high in early October, the 50-day SMA is above the 200-day SMA and price is above the 200-day. Second, Cisco held up better than the S&P 500 and the Technology SPDR during the recent pullback. Both $SPX  Read More

International Intrigue

by Bruce Fraser

Rolling into the New Year can often bring seismic shifts in financial markets. In January of 2018 stock indexes climaxed and reversed. This set the tone of market action for the year. International markets were among the hardest hit during the year. The iShares MSCI Emerging Markets ETF (EEM) declined -12.25% through the end of November. The iShares MSCI EAFE (EFA) was down -8.95% in the same  Read More

The Futures Are Set Up To Rally 2018-12-01 CC

by Greg Schnell

With the futures setting up for another big surge, last week doesn't seem as important. But there were lots of important charts. First of all, let's review what happened. In the Commodities, US crude oil went up a little, the Canadian crude went down a little more. The gold miners were weaker than gold, and the marijuana stocks continue to roll over. Natural Gas had big swings each day but  Read More

Combining Strong Technicals And Fundamentals To Wildly Outperform The S&P 500

by Tom Bowley

Everybody wants the secret formula.  You know, the one where you never lose money.  Well, I haven't found THAT one yet, but trading companies that have recently beaten Wall Street revenue and EPS estimates is a fairly solid runner-up strategy.  A company that produces results in excess of analysts' expectations often has a management team trusted by Wall Street.  Before I  Read More

Healthcare Sector Bullish in All Three Timeframes

by Erin Swenlin

In my Thursday article in the DecisionPoint blog, I discussed the new PMO BUY signals on the DP Scoreboards, finishing off the article with a chart of the Healthcare Sector ETF (XLV) after I received a new  Read More

11/30 MWL Recap: What's Hot, What's Not - Turning Point

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

Multiple Big Name Pharma Stocks Help Remedy The Pain

by Greg Schnell

Pharmaceutical stocks were a standout in November. The big global names had an exceptional month. While they are categorized as defensive stocks, these heavyweights have very powerful biotechnology investments. The pharmaceutical stocks listed below all hit new highs within November. While the $SPX was up about 2% for the month, all of lifting to get positive for the month happened over.  Read More

Confirming Moving Average Signals in the S&P 500

by Arthur Hill

The S&P 500 is the most widely used benchmark for U.S. stocks and the 200-day SMA is the most widely used moving average. Together, chartists can use the S&P 500 and the 200-day SMA to determine the broad trend for the stock market. The S&P 500, however, does not tell the entire story. Note that the top 50 stocks (10% of the total) account for 50% of the index weightings. Chartists  Read More

Weekly Outlook: NIFTY moves past 50-Week MA; sustenance above that may take Nifty higher

by Milan Vaishnav

The previous week remained much better than expected for the markets, as the benchmark Index NIFTY50 ended the week on a strong note. The week proved to be even more technically important as the NIFTY was able to move past its 50-Week MA, after having resisted that level for seven weeks. The Index has ended the week with net gains of 350 points (+3.32%) on weekly basis. For the month of  Read More

DP Weekly/Monthly Wrap: The Monkey Did It

by Carl Swenlin

I usually spend my days at my desk noodling on the computer, reading, and casually watching business television with the sound off. (My idea of retirement.) With no sound to distract/annoy me, the most dangerous part of the TV watching is the endless stream of headline banners that announce why the market is doing whatever it is doing at a given moment. The danger comes from my usual  Read More

Workday (WDAY) Puts In A Full Shift

by Greg Schnell

Workday has been a big performer but over the last nine months it has built a floor around $120. Friday saw the stock soar above the previous highs. While it is hard to buy after a 12% surge in one day, this stock looks like a good buying candidate on a pullback.  The SCTR shows it as one of the strongest stocks out there. The relative strength soared to new heights. The November  Read More

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DAILY BOLLINGER BANDS SHOW SHORT-TERM STOCK TREND IMPROVING AND A POSSIBLE RETEST OF NOVEMBER HIGH -- WEEKLY AND MONTHLY BANDS ALSO SHOW SUPPORT

by John Murphy

SHORT-TERM TREND IS IMPROVING There are lots of ways to determine the trend of the stock market. The placement of moving average lines is one of them. Bollinger bands (invented by John Bollinger) are another. Chart 1 applies both techniques to a daily chart of the S&P 500. The chart shows the SPX bouncing off previous support  Read More

Sticking With Companies That Report Strong Earnings

by John Hopkins

The market finally found its legs last week after the Fed signaled they might slow down their interest rate-raising campaign. In fact, after being technically wounded for some time, all of the major indexes closed back above their respective 20-day moving averages, with the Dow clearing its 200 day as well. The move higher was most welcomed by the bulls, who have been behind the eight ball  Read More