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Latest Posts

Buffett-isms and Bezos-isms: Great Investing Insights

by Gatis Roze

"Rule #1:  Never lose Money." "Rule #2:  Never forget Rule #1."                                      -Warren Buffett Sure, a lot of investors dissect every word that Warren Buffett writes in the annual report for Berkshire Hathaway.  For years, these Buffett-isms have provided investors...  Read More

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Weekly Market Review & Outlook (with Video) - Small Caps and Retails Take the Lead

by Arthur Hill

.... Broad Strength in the Nasdaq 100 .... IJR Bounces from Oversold Levels .... Small-cap Sector Leaders .... Healthcare and Consumer Discretionary Surge .... Retail SPDR Goes for a Bottom .... Starbucks, Nike and Disney Power XLY Higher .... SPY Bounces as QQQ Hits New High .... Four Sectors Correct (XLF, XLI, XLB, XLV) .... Bobby, Billy and Arthur Debate XLE .... XES: H&S versus Rising...  Read More

Berkshire Hathaway (BRK.B) Attractive to Long-term Investors

by Tushar Chande

Berkshire Hathaway, buffeted by tax plan headlines, has pulled back into support, and offers a potential entry point for long-term investors. The market itself has seen selling in the short-term time frame. However, intermediate-term and long-term trends are still bullish, as they have been all year.   Chart 1: Berkshire Hathaway (BRK.B) retests its prior breakout at 182, with support...  Read More

Russell 2000 Soars After Nearing Initial Fibonacci Retracement Level

by Tom Bowley

Market Recap for Thursday, November 16, 2017 U.S. indices spiked sharply higher on Thursday's open in contrast to many recent days where the bulls have found themselves underwater in early action, trying to reclaim control of the action throughout the balance of the session.  Yesterday, there wasn't a battle.  The bulls won decidedly and with one day of solid gains,  Read More

S&P 600 Bounces Off Support - IT Indicators Oversold

by Erin Heim

I had this article in the queue yesterday with the headline "S&P 600 Nearing Important Support". Well, it turned out to be a bounce off that support today. Small-caps have been hit hard while most large-cap indexes spent the last month consolidating and moving slightly lower. You could say $SML had a correction over the last month. Nice thing is that I can use the word "had" when...  Read More

11/16 MarketWatchers LIVE Recap - Greg Schnell on Point and Figure Charting - "What Would You Do?"

by Erin Heim

  Welcome to the recap of Thursday'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. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p...  Read More

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GLOBAL STOCKS ARE HAVING A STRONG DAY -- HIGH YIELD BOND ETF IS BOUNCING SHARPLY OFF CHART SUPPORT

by John Murphy

HIGH YIELD BOND ISHARES BOUNCE SHARPLY OFF 200-DAY AVERAGE... The recent selloff in high yield junk bonds has attracted a lot of attention in the financial media. My Tuesday message showed the iBoxx High Yield Corporate Bond iShares (HYG) headed down for a test of chart support at its August low and its 200-day moving average. Chart 1 shows the HYG scoring an upside...  Read More

The Deception of Average

by Greg Morris

I mentioned in the last article I would discuss 'average' soon; so here it is, sooner than I thought. The "World of Finance" is fraught with misleading information.  The use of average is one that needs a discussion.  Chart A is a chart showing the compounded rates of return for a variety of asset classes.  If I were selling you a buy and hold strategy, or an index fund, I would...  Read More

Selling Grips Wall Street, Key Moving Average Lost

by Tom Bowley

Market Recap for Wednesday, November 15, 2017 Eight of nine sectors lost ground on Wednesday and while that, along with a couple major indices closing beneath their respective 20 day EMAs, might be cause for concern, I actually thought much of the action was bullish.  First and foremost, the tech-heavy NASDAQ was able to rally enough in the afternoon to end with a kick  Read More

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A Raging Battle in the Bond Market - Junk Bond Update - Big Banks - Copper - Biotechs - Disney

by Arthur Hill

.... A Raging Battle in the Bond Market .... Junk Bond Update .... Big Banks Shrug off Yield Plunge .... Copper Corrects with Bullish Wedge .... And then there were Three  .... Biotech SPDR Becomes Oversold Again .... Competition Increasing for NetFlix .... Disney Goes for Lift Off  ....  A Raging Battle in the Bond Market There is a big battle raging in the  Read More

11/15 MarketWatchers LIVE Recap - Guest Greg Morris - Chart Breakouts

by Erin Heim

  Welcome to the recap of Wednesday'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. You'll find the latest episode here. Information abounds in our Monday - Friday 12:00p - 1:30p...  Read More

Western Digital Breaks Out of Continuation Pattern

by Arthur Hill

Western Digital (WDC) appears to be emerging from a consolidation pattern and this increases the chances of new highs in the coming weeks. The chart shows WDC hitting a new high in July and then falling with a rather sharp decline into early August. The stock immediately rebounded after this decline, but then traded sideways as a triangle formed. This triangle is basically a consolidation  Read More

Technology Weakening, But How Much Selling Might We Expect?

by Tom Bowley

Market Recap for Tuesday, November 14, 2017 For the third time in the last four days, we saw U.S. equities gap lower, only to reverse intraday to close near their highs of the session.  It's still resulted in losses for the day, but it also shows the bull market resiliency that the bears are facing as they try to grab control of the near-term action.  We're seeing...  Read More

General Electric Short Circuits (GE)

by Greg Schnell

General Electric (GE) has been struggling recently and now the stock dipped to two years lows. For such a blue chip institutional stock, the price action faltering while the overall market is in a big bull trend is almost shocking. With the investor day, GE announced asset sales and a dividend cut. The investors short circuited and hammered the sell button. While all this is new, the real...  Read More

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Commodities: Are They About To Experience A Pause?

by Martin Pring

The long-term picture Is the stock market smarter than the commodity market? Commodity indexes short-term overbought The long-term picture Since mid-summer, commodity prices reflected in broadly based indexes such as the CRB ($CRB), Bloomberg Commodity ETN (DJP) or the DB Commodity ETF (DBC) have been on a tear. However, short-term momentum is now...  Read More

DP Alert: SPY Rising Trend Channel Broken - DP Indicators Bearish in ST and IT - PMO SELL on UUP

by Erin Heim

Since November 9th, the DP Scoreboards have been quiet. It isn't surprising to see the weakness on these Scoreboards to be short-term momentum given the recent decline. The SPY/SPX have now dropped below rising trend channels, but support remains. With DP indicators looking bearish, we could be in for more downside in both the short and intermediate terms. The purpose of the...  Read More

11/14 MarketWatchers LIVE Recap - Everything StockCharts - Momentum Sleepers

by Erin Heim

  Welcome to the recap of Tuesday'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. You'll find the latest episode here. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p...  Read More

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STOCKS TAKE ON A MORE DEFENSIVE TONE AS STAPLES AND UTILITIES TAKE THE LEAD -- UTILITIES HIT NEW RECORD

by John Murphy

UTILITIES HIT NEW RECORD ... With the rest of the market on the defensive, utility stocks are having another strong day. Chart 1 shows the Utilities Sector SPDR (XLU) climbing to another record high today. Utilities are the day's strongest sector (along with consumer staples), while all other sectors are in the red. The solid line on top of Chart 1 is the  Read More

Energy sector bursting into leading quadrant on Relative Rotation Graph, strong potential for EOG and COP

by Julius de Kempenaer

The Relative Rotation Graph above shows all the members of the S&P 500 Energy sector against XLE, the ETF that tracks the Energy sector price index. The main reason for looking at this universe at the moment is the fact that the sector (XLE) on the RRG for US sectors is about to burst into the leading quadrant (chart further down in the article). The chart above highlights a few areas of...  Read More

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Dissecting the Medical Devices Group - Discount Brokers with Bullish Continuation Patterns - Banks, Gold, Utes and the 10-yr Yield

by Arthur Hill

.... Medical Devices Group Leads Healthcare  .... Medtronic Bids to End Correction .... Abbot Labs Leads Medical Device Group .... Boston Scientific Bounces from Oversold Levels .... Four Medical Device Stocks (WAT, VAR, ALOG, CMD) .... First Oversold Readings Since Breakouts (BMY, BIIB) .... Discount Brokers Consolidate within Uptrends .... Banks, Utilities, Gold and the 10-yr T-Yield...  Read More

Industrials Are Teaching Us How To Evaluate Risk....If We'll Listen

by Tom Bowley

Reminder If you enjoy my blog, be sure to subscribe at the bottom of this article!  Just type in your email address and click on the green "Notify Me!" button.  My articles will then be sent to your email immediately upon publishing!  It's 100% free and you won't be spammed.  Thanks and best of luck with your trading! Market Recap for Monday,  Read More

HALO - Angel or Devil?

by Erin Heim

As part of the MarketWatchers LIVE show (airs M-F, 12p-1:30p - You'll find today's recording under the "Webinars" tab), Tom Bowley and I come up with set-ups on Monday. We call the segment "Monday Set-Ups". This segment has an eye toward very short-term investments as Tom and I compete to see who had the best returns on the following Monday. I use my PMO Scan exclusively to come up with my  Read More

11/13 MarketWatchers LIVE Recap - Monday Set-Ups - Agree or Disagree - DP Report

by Erin Heim

  Welcome to the recap of Monday'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. You'll find the latest episode here. Information abounds in our Monday-Friday 12:00p - 1:30p shows, but...  Read More

Fortinet Bids to End Long Correction

by Arthur Hill

Stocks close to new highs are usually in uptrends and have a good chance of recording new highs in the near future. Fortinet looks poised for a new high as challenges a channel line after an upturn last week. First and foremost, Fortinet is in a long-term uptrend with the 50-day EMA above the 200-day EMA and a 52-week high this summer. The stock peaked in early July, but has been pretty much  Read More

Consumer Staples Finish Off Strong Week, Hold Trendline Support

by Tom Bowley

Market Recap for Friday, November 10, 2017 Generally speaking, I'm not a big fan of defensive areas leading the market to the upside.  But I'll make an exception for last week.  Consumer staples (XLP, +1.02%) was not only the clear leader on Friday, but it's weekly gain of 2.15% also easily vaulted the XLP into a leadership role for the week.  Why was the XLP's...  Read More

Want To Know When To Sell? Terex Is A Perfect Example

by Tom Bowley

In September, Terex Corp (TEX) saw big volume accompany a breakout of a bullish rectangular consolidation phase.  After weeks of trending higher, momentum began to slow and TEX printed a "death" candle - a shooting star on big volume to end the uptrend.  If there's one signal that screams at me to sell, it's the combination of a negative divergence and a reversing candle on...  Read More

Proctor and Gamble (PG) Prints An Outside Reversal

by Greg Schnell

Procter and Gamble (PG) printed an outside reversal this week right near the lower Keltner channel line. While the chart of Proctor and Gamble is trending higher, it's always important to find a nice entry. This week fits the criteria with a couple of indicators drawing our attention. First of all, this is typically as weak as PG gets compared to its peers on the SCTR indicator. Secondly...  Read More

11/10 - MarketWatchers LIVE Recap - Trading Strategies & Managing Risk - EarningsBeats Spotlight

by Erin Heim

  Welcome to the recap of Friday'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. You'll find the latest episode here. Information abounds in our Monday-Friday 12:00p - 1:30p shows, but...  Read More

Crude Oil Runs with the Bulls

by Bruce Fraser

Crude Oil lends itself to Wyckoff Analysis and has the capacity to trend for long periods of time. Take some time now and review a case study on the long swings for this important commodity ( click here for the study). Note how well the Point and Figure charts have been working at generating accurate...  Read More

DP Weekly Wrap: Buy the Dip? What Dip?

by Carl Swenlin

I should probably watch less business news, but I only have it on to catch any big news developments, and the sound is usually off. Nevertheless, I can't avoid some stuff that I'd rather filter out. For example, there was talk on Thursday and Friday about whether investors should be "buying the dip." To clarify, the distance from Tuesday's intraday all-time high to Thursday's intraday low was...  Read More

Using Momentum ETFs

by Tushar Chande

Momentum ETFs are a useful way to invest in strongly trending markets.  Here momentum is generally measured as a combination of monthly returns over different periods.  Since capitalization is always a concern for the larger ETFs, the larger the capitalization and the stronger the recent price performance, the larger the allocation to the stock.  In general, when market trend...  Read More

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TEN-YEAR TREASURY YIELD GAPS HIGHER -- 20-YEAR TREASURY BOND ISHARES GAP DOWN AND LOOK TOPPY

by John Murphy

TEN-YEAR TREASURY YIELD BOUNCES OFF 200-DAY AVERAGE... My Wednesday message showed the 10-Year Treasury Yield ($TNX) testing its 200-day moving average. Chart 1 shows the TNX gapping 7 basis points higher today after finding support at its 200-day line. I also mentioned on Wednesday that the 10-Year Treasury yield was being held back by even bigger drops in foreign...  Read More

WHY do Most Investors do so Poorly?

by Greg Morris

There are a number of companies that track performance for various asset classes, including the performance of investors.  Table A, from J.P. Morgan, shows the Average Investor's 20-year annualized returns of only 2.3%.  I have reproduced the small print below the table because it explains the process used.  And I cannot read the small print. Source: J.P. Morgan Asset Management...  Read More

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Weekly Market Review & Outlook (w/ video) - Junk Bonds Fall Hard

by Arthur Hill

.... Risk-on versus Risk-off on One PerfChart .... Junk Bond ETF Falls Most Since August .... The Oxymoronic Nature of Technical Analysis  .... SPY Hovers Near its Highs .... RSI Moves into Oversold Zone for IJR .... Finance, Industrials and Healthcare Lead Pullback .... Utilities SPDR Hits 52-week High .... Technology Remains a Leader (plus XLY) .... Industrials and Healthcare Correct ...  Read More

Early Losses Result In Successful Moving Average Tests; Overbought Conditions Unwinding

by Tom Bowley

Market Recap for Thursday, November 9, 2017 Energy (XLE, +0.30%) returned to the top of the leaderboard and this is what's likely to irritate the bears in the future.  We now have another sector that's technical capable to take on new money as money rotates elsewhere.  It's the beauty of a bull market.  Wide participation means a lot of choices.  The  Read More

11/9 MarketWatchers LIVE Recap - Blog Highlights - Anatomy of a Trade

by Erin Heim

  Welcome to the recap of Thursday'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. You'll find the latest episode here. Information abounds in our Monday-Friday 12:00p - 1:30p shows,  Read More

Commodities Countdown Video Recording With Greg Schnell 2017-11-09

by Greg Schnell

The Commodities Countdown Video Recording With Greg Schnell 2017-11-09 is now available. Commodities Countdown Video With Greg Schnell 2017-11-09 from StockCharts.com on Vimeo. If you would like more commodity related stories,   Read More

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Growth Is Breaking Out Against Value

by Martin Pring

Growth versus value and a possible mega breakout favoring growth The technology/staples ratio supports the growth/value breakout Some credit spreads are looking shaky Are stocks finally breaking against commodities? Growth versus value and a possible mega-breakout favoring growth Chart 1 compares the performance of the S&P Growth ETF (IVW) to its value  Read More

DP Bulletin: NDX Only PMO BUY Signal Left - Gold PMO BUY Signal

by Erin Heim

Today's decline was enough to push the OEX and Dow PMO BUY signals off the DP Scoreboards. The NDX is still looking good with the PMO actually rising right now. However, if the other indexes continue to decline, it is very likely the NDX will follow suit. Gold received a new PMO BUY signal while price easily holds support. We're seeing breaks below rising trend channels on Dow and OEX. I've...  Read More

Selling Allows PNC Financial To Unwind For Solid Reward To Risk Trade

by Tom Bowley

While it would be great for the stock market to rise every day without any selling whatsoever, that's just not practical.  As a trader, I await episodes of selling to set up much better reward to risk trades in stocks that remain in long-term uptrends.  Enter PNC Financial (PNC).  On October 13th, PNC reported revenues ($4.13 bil vs. $4.11 bil) and EPS ($2.16 vs. $2.13) that beat...  Read More