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2/21 MWL Recap: Breaking Down Tech with RRG - Stocks "On the Move"

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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STOCK INDEXES TEST OVERHEAD RESISTANCE WHILE LOOKING OVEREXTENDED -- FINANCIALS AND MATERIALS TEST 200-DAY LINES

by John Murphy

MAJOR STOCK INDEXES TEST OVERHEAD RESISTANCE All three major U.S stocks are testing overhead resistance barriers. Chart 1 shows the Dow Industrials right up against their early December peak at 26000. That's the Dow's first test of a previous peak formed during the fourth quarter selloff. In addition, its 14-day RSI line (upper box) has reached  Read More

A Commodity Bottom? There's Not One In Sight

by Tom Bowley

Market Recap for Tuesday, February 19, 2019 We saw a bit of intraday back and forth action on Wednesday with the same result - another Wall Street gain.  I'm really surprised we haven't seen more selling this week.  We're at major price resistance levels on our major indices, there was incredible strength into options expiration Friday (usually a recipe for disaster the following  Read More

Where Is The Volume?

by Julius de Kempenaer

My last article in the RRG blog looks at sector rotation for US sectors and how there are some disconnects between groups of sectors on both the daily and the weekly time frames. My conclusion from that article was that the current rotational patterns  Read More

2/20 MWL Recap: Our Trading Day Preparation - What Would You Do with These Breakout 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

DP Alert: New LT Trend Model BUY Signal for Dow - Oil Looking Good

by Erin Swenlin

Today, we had two important signal changes. First, on the Dow Industrials, a LT Trend Model BUY signal triggered as the 50-EMA crossed above the 200-EMA. Second, USO generated an IT Trend Model BUY signal.  I imagine the first question that will be asked about this new LT BUY signal is whether this is the end of the bear market. This is certainly good news for bulls, but indicators are  Read More

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DOVISH FED HAS CONTRIBUTED TO FALLING BOND YIELDS -- FALLING GERMAN YIELDS ARE ALSO HOLDING TREASURY YIELDS DOWN

by John Murphy

TEN-YEAR TREAURY YIELD REMAINS WEAK Despite renewed optimism in the stock market which has had a spectacular start to the new year, Treasury yields remain surprisingly low. Chart 1 shows the 10-Year Treasury Yield ($TNX) still trading close to its lowest level in a year. The TNX also remains below its 50-day moving average (blue line) which remains below its 200-day  Read More

U.S. Equities Approach Key Resistance, Expect A Battle

by Tom Bowley

Market Recap for Tuesday, February 19, 2019 Materials (XLB, +0.62%) and utilities (XLU, +0.59%) led another Wall Street rally on Tuesday, although our major indices did see a bit of selling into the close.  The XLB and XLU benefited from a falling dollar ($USD, -0.40%) and 10 year treasury yield ($TNX, down 2 basis points to 2.65%), respectively.  On the consumer front, Walmart, Inc  Read More

Pfizer Bids to End Correction

by Arthur Hill

When sitting down to a chart, or even standing, establishing the direction of the bigger trend is the first task. The direction of this trend establishes my trading bias and tells me where to focus. My trading bias is bullish when the trend is up and this means I focus on bullish setups. Among other things, this includes pullbacks within the uptrend (wedges), bullish continuation patterns  Read More

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Breadth Indicators Flip as Big Banks Take the Lead

by Arthur Hill

Six of Nine Breadth Indicators Bullish. November 2015 All Over Again? JP Morgan, Bank of America and Citigroup Break Uut. A Successful Test for Disney. ChartList Addition and Deletion. On Trend on YouTube. Breadth Indicators Flip Back to Bullish The S&P 500 turned net bullish on February 5th when two of the three breadth indicators crossed their bullish thresholds. The  Read More

Gold Surges And Carries The Miners Higher

by Greg Schnell

Gold and gold minings stocks surged to start the trading week.  What makes this so important is this is the first 52-week high in the gold mining stocks since the 2016 spring surge. Pay attention to the industry group as well as the industrial metals. They both look ready to run here. Good trading, Greg Schnell, CMT, MFTA  Read More

2/19 MWL Recap: "Monday" Setups - Sentiment Update - John Hopkins' Earnings Spotlight

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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A New All-Time High In The NYSE A/D Line Is Bullish Until It Isn't

by Martin Pring

Superior Breadth Over Price Does Not Always Have a Positive Outcome Weighted versus Equal Weight Chart 1 shows that the NYSE A/D Line touched a new high last week and seems to be leading the S&P higher. The textbooks tell us that a broad advance, such as that underscored by a rising A/D Line, is bullish because it reflects two positive factors. First, since many issues such as  Read More

Two Sectors Are Rolling Over Inside The Leading Quadrant On The Daily RRG

by Julius de Kempenaer

The Relative Rotation Graphs, both daily and weekly, for US sectors are showing big disconnects between sectors. The image above holds the US sectors and shows daily rotations. It is immediately obvious that there is a big gap/disconnect between the right (=positive) side and the left (=negative)side of the graph. At the right-hand side of the RRG, we only find XLK and XLI inside the  Read More

T-Mobile (TMUS) Breaks Out, Dialed-In For Spring Ka-Ching!

by Tom Bowley

Market Recap for Friday, February 15, 2019 Friday produced very solid gains as the U.S. government averted a second shutdown as a funding resolution was passed.  Also, there was word that US-China trade talks were progressing and any positive developments there are typically well-received by global markets.  In an odd twist, the largest companies  and the  Read More

Pair Analysis - 3

by Greg Morris

The is the third article on Pair Analysis.  Here I will show the results for several different pair combinations with reduced commentary.  If you have not read the previous two articles on Pair Analysis, I strongly suggest you do so before continuing with this one. Recall, the pair analysis is accomplished on weekly data.   Think of the ratio line like this: when it is  Read More

Greater Possibilities Of A Breakout In This Stock

by Milan Vaishnav

With the session that ended on Tuesday, February 19, 2019, the Indian headline index NIFTY50 closed in the red for the eighth consecutive day. Amid such a weak environment, there are certain stocks which are showing great relative strength and are strongly outperforming the broader markets. Once such stock that deserves attention is PFC.IN. Power Finance Corp. Ltd (PFC.IN) PFC.IN presently  Read More

Canadian Market Surges 2019-02-16 Video

by Greg Schnell

The Canadian market has been slowly underperforming the US markets over the last two weeks. Friday had a nice surge in Technology, Financials, Oils, and metal miners as the chart for the TSX 60 broke above the 200-day moving average. Notice the change in the purple area of the chart. You should always be cautious any time the $TSX starts to underperform.  Here is a long term view of the  Read More

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Techniques to Spot Early Signs of Relative Strength

by Arthur Hill

Chartists can compare two price plots to find early signs of relative strength. This can be done by comparing the corresponding peaks or troughs for two names, such as the Russell 2000 iShares (IWM) and the S&P 500 SPDR (SPY). It is a sign of relative strength when one holds a prior lows as the other breaks below corresponding lows. Such early signs of relative strength can foreshadow  Read More

Oil Takes A Turn Higher - Weekly Market Roundup 2019-02-16

by Greg Schnell

The markets have been working there way through indecision the last two weeks. Most of my indicators broke above the indecision levels this week including Bullish Percent Indexes, Percentage of Stocks above the 200 Day Moving Average, Net New Highs, Advance/Decline lines, and Summation indexes. That's a solid list pushing out of indecision. For Bullish Percent Indexes and 'percentage of stocks  Read More

Energy Is Up To Bat

by Greg Schnell

One of the hurdles to being a great market analyst is understanding the shifting sands of the stock market without an end point. In a baseball game, momentum may swing to and fro, but the game has an ending, based on innings and score, that defines when the game is over. The stock market, by contrast, wakes up renewed every day with new clues and no predefined terminus as to where  Read More

The Secret Combination For Solid Reward To Risk Trades

by John Hopkins

Well, it's really not a secret, but it's  our secret at EarningsBeats.com.  Our mantra is "Better Timing.  Better Trades." and, for us, that means finding the best stocks, identifying key price and moving average support and then adding..an extra helping of patience.  Many of the stocks on our Strong Earnings ChartList never hit key  Read More

Week Ahead: Stable Start To The Week Expected; Cracks Might Appear If These Levels Are Not Defended

by Milan Vaishnav

The past week remained quite dismal for the market, which ended in the negative on all five days. After a failed breakout on the daily charts, the NIFTY returned inside the broad trading range and subsequently drifted even lower. The index has been defending the 50-Week Moving Average for over eight weeks now but, following the previous week's decline, it has ended marginally below this  Read More

Here's How Relative Strength Will Help Your Trading Right Now

by Tom Bowley

Understanding relative strength is extremely important in outperforming the benchmark S&P 500.  As a sector begins to outperform, it tells us that money is rotating towards that particular sector.  One way to visualize this is to look at an RRG chart.  It will only take one glance to quickly identify what's working RIGHT NOW and what is not: I have highlighted consumer  Read More

Checking The NIFTY 50 Universe On RRG Results In A Nice Setup For INFRATEL.IN

by Julius de Kempenaer

With more and more eyeballs looking at the Indian stock market and data for individual stocks and sectors becoming available on Stockcharts.com I started to keep an eye on developments in that market via Relative Rotation Graphs. To make it easier (for you but also myself), the NIFTY 50 Index is added as a group to the drop-down selection box. This universe holds all the members of the NIFTY 50  Read More

Small and Mid Caps Take the Momentum Lead

by Arthur Hill

The Relative Strength Index (RSI) is a momentum indicator that chartists can use to measure the strength behind a price move. Moreover, chartists can also use RSI values to rank momentum and find the leaders. As an indicator that measures the magnitude of gains  Read More

Dow and SPX Log New IT BUY Signals - Consumer Discretionary (XLY) LT BUY Signal

by Erin Swenlin

During today's DecisionPoint show on StockCharts TV (airing Fridays at 4:30p EST), Carl and I discussed how, while we're still bearish, there are signs of improvement. The main problem will be getting too overbought. Three signs of definite improvement are the two new IT Price Momentum Oscillator (PMO) BUY signals on the Dow and SPX Scoreboards, as well as the new LT Trend Model BUY  Read More

Nasdaq May Be the Third Major Stock Index to Cross Its Red Line

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, February 15th at 12:40pm ET. Charts 1 and 2 show the Dow Industrials and S&P 500 building on their gains after rising above their 200-day averages (red lines). Both now appear headed for a  Read More

2/15 MWL Recap: What's Hot, What's Not - Under the Radar

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

DP WEEKLY WRAP: Negative Signs Still Haven't Delivered

by Carl Swenlin

There are some indicators that have been warning of a price top for a couple of weeks, but the market just keeps powering upward. (1) There is an OBV reverse divergence, where the OBV has exceeded its December top well ahead of price. This means that heavy volume hasn't been able to bring price along with it. (2) Price has formed a rising wedge, which we normally expect to break down. (3) The  Read More

How To Get The Confidence To Profit From Bullish To Bearish Transitions By Recognizing The Evidence

by Gatis Roze

Life can be cruel if change happens and you miss the signs during the transition. I'll offer up four examples with mild to toxic consequences: Weather, Science, Superstars and finally, the Stock Market. Pretty much everyone is aware of the predictable and abrupt shift in the weather as the temperature nears 32 degrees Fahrenheit. We've mastered the concept of water-to-ice and rain-to-snow when  Read More

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MARKET RALLY CONTINUES AS NASDAQ TESTS ITS 200-DAY AVERAGE -- FINANCIALS LEAD TODAY'S GAINS

by John Murphy

NASDAQ MAY BE THE THIRD MAJOR STOCK INDEX TO CROSS ITS RED LINE Charts 1 and 2 show the Dow Industrials and S&P 500 building on their gains after rising above their 200-day averages (red lines). Both now appear headed for a test of their early December peaks. Chart 3 shows the Nasdaq Composite Index in the process of testing  Read More

This Marathon Stock Has Had Marathon Buying

by Greg Schnell

Marathon Oil (MRO) has had two marathon buying days with massive volume. While Day One didn't see any price movement on large volume, Day Two sure did. The price has just moved out of a short 2-month base and looks set to accelerate from there. The stock is meaningfully off the October highs, but it is showing all the right signs for a break from the downtrend. The SCTR is surging from below 10  Read More

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Weekly Market Review & Outlook (w/Video) - S&P 500 Tilts Bullish

by Arthur Hill

Reviewing the Weight of the Evidence New Highs Expand in XLK Sector Table is Net Bullish (XLK, XLV, XLI Lead) What If December-January Never Happened? Four Consolidations to Watch (XLF, IAI, XRT, IBB) New Additions to the ChartList AMD Keeps Flag Alive Finisar Holds Breakout Intuitive Surgical Breaks Pennant Walgreens-Boots Challenges Bollinger Band Eli Lilly and Microsoft Make the Cut  Read More

Turn Off CNBC And Turn On StockCharts TV

by Tom Bowley

Market Recap for Thursday, February 14, 2019 Real estate (XLRE, +0.38%) and communications services (XLC, +0.37%) were the leaders yesterday as Wall Street staged a rally attempt after dealing with an early blow - a very weak December retail sales report.  There's one thing everyone should keep in mind though - the stock market looks ahead and not in the rear view mirror and that was on  Read More

Gathering Evidence

by David Keller

Humans are emotional beings, generally making decisions based on their emotional state. Consequently, when the market moves against your positions, you will most likely have a visceral reaction to that event. The fear of losing and/or the fear of missing out are often the causes of bad investment decisions. In his book  Mastering the  Read More

JP Morgan deteriorates further on Relative Rotation Graph

by Julius de Kempenaer

One of the choices in the drop-down selection on the Relative Rotation Graphs page is the DJ-industrials (Dow 30 Industrials). This RRG shows the rotation of all 30 Dow stocks against the $INDU. The RRG above shows the daily rotation and highlights the rotation of JP Morgan Chase & Co. (JPM), a heavyweight in the financials sector. This rotation caught my attention as it is moving strongly  Read More

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China Goes for a Breakout

by Arthur Hill

Chinese stocks came to life after their New Year's holiday with the Shanghai Composite ($SSEC) and some ETFs breaking double bottom resistance. Before looking at these charts, let's review the double bottom, which is a bullish reversal pattern. First and foremost, there must be a downtrend to actually reverse. Second, there are two lows in the same area. Third, the pattern is confirmed with a  Read More

For Now, Small Is Better

by Tom Bowley

Market Recap for Wednesday, February 13, 2019 The stock market is beginning to exhibit a bit of the borishness that accompanies bull market advances.  The Volatility Index ($VIX) remaining below 16 is confirming the reduced level of fear.  There were certainly swings intraday yesterday, but the panicked, impulsive-type selling appears to have dissipated, which is bad news for the  Read More

Tracking Error is the Challenge All Investors Must Meet - part 4

by Brian Livingston

Beating the market in every up AND down month is a 'yeti portfolio' - a myth, a dream. Today's computerized traders would overgraze any such system. • Every strategy that outperforms the S&P 500 over complete bear-bull market cycles MUST have years of underperformance. Impatient investors think these formulas 'don't work,' which keeps the strategies from becoming overused and worn out. •  Read More