Don't Miss a Single Article or Web Show!

From daily blogs to weekly Web Show shows, StockCharts Subscribers unlock members-only commentary from the industry's leading technical analysts, including experts such as John Murphy, Martin Pring, Arthur Hill and more. See the markets through their eyes and learn how they use our charting tools to make smarter, more-informed investing decisions.

Get Started Today in
Less Than 60 Seconds!

Latest News

10/18 MWL Recap: Julius de Kempenaer on "Red Flags" - Sound Off

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

Members Only

THE THREE DOW AVERAGES ARE GIVING BEARISH MESSAGES -- THE DOW TRANSPORTS ARE LEADING TO THE DOWNSIDE

by John Murphy

TRANSPORTS ARE FALLING My last two messages spelled out a lot of technical reasons that are bearish for the stock market, and increase the odds that the nine-year bull run is ending. Besides the heavy selling that's taken place during October, my weekend message showed a number of serious negative divergences showing up on the market's weekly and monthly charts. Yesterday's message  Read More

Members Only

Four Areas To Watch For A Possible Bear Market Trigger

by Martin Pring

Internet bubble Credit spreads Rising interest rates Contagion from abroad On Wednesday, I joined Tom and Erin on MarketWatchers LIVE and enjoyed a spirited discussion on what signs might foreshadow an extension to last week's decline, or even signal a bear market. The four areas I cited were the internet bubble, credit problems, higher interest rates and international contagion  Read More

Members Only

SystemTrader - Reducing Moving Average Whipsaws with Smoothing and Quantifying Filters.

by Arthur Hill

Trading SPY with S&P 500 Signals. Long and Long-Short Backtests. Smoothing to Reduce Whipsaws. Testing Different SMA Combinations. Bollinger Bands, Envelopes and Keltners. Backtesting the Filters. Final Thoughts and a Suggestion. Introduction Yesterday I put the 200-day SMA through the wringer with some testing using the S&P 500 and various indexes. Today I will  Read More

Financials Continue To Bounce Off Support, Market Choppy

by Tom Bowley

Market Recap for Wednesday, October 17, 2018 There was a lot of back and forth action in our major indices on Wednesday.  For instance, in the span of just 2 1/2 hours, the Dow Jones lost more than 300 points, then recovered them all, moving slightly into positive territory.  After a couple hours of sideways, less volatile action, the Dow Jones began to weaken and finished lower by 92  Read More

Is the bond market sending us a message?

by Julius de Kempenaer

When markets are in transition and the bigger picture needs our attention it is always good to keep an eye on the yield curve. The absolute yield levels of the various maturities on the curve, starting at 3-Months all the way out to 20+ years are important to monitor. But what's probably even more important to monitor is the change of the shape of the curve. Relative Rotation Graphs can be of  Read More

DP Alert: Sector Signal Scoreboard Pocked with New Neutral Signals

by Erin Swenlin

A mere two weeks ago, the Sector Signal Scoreboard (2nd slide below) was all "green" as each sector was on IT Trend Model BUY signals. The DP Scoreboards below were completely green at the beginning of September. Today both are dotted with Neutral signals (and some SELL signals in the case of the DP Scoreboards below). Most importantly, the only three sectors holding their BUY signals? The  Read More

10/17 MWL Recap: Martin Pring's Current Market Outlook - Anatomy of a Trade

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

Members Only

HEALTHCARE HAS BECOME THE YEAR' STRONGEST SECTOR -- AND IS BEING LEAD HIGHER BY DRUG STOCKS

by John Murphy

DEFENSIVE HEALTHCARE SECTOR CONTINUES TO LEAD Healthcare has emerged as the market's strongest sector. Not only has healthcare been the market's strongest sector over the last month, the last three months, and the last six months. It's now the top performer for the year. Its relative strength ratio (top box) has now risen to the highest level in more than two years. That's partially  Read More

Members Only

October is Different from February

by Arthur Hill

The 200-day SMA acts as a benchmark we can use to compare price movements. We can use the 200-day SMA to compare the current decline in the S&P 500 against past declines. We can also use the 200-day SMA to compare the decline in the S&P 500 with declines in the other key indexes. For example, indexes still below the 200-day are lagging the S&P 500. With this in mind, I will compare  Read More

Members Only

SystemTrader - Testing and Flirting with the 200-day Moving Average

by Arthur Hill

A Self-Fulfilling Prophecy? Ranges Wreak Havoc on Moving Average Systems. Backtesting Five Indexes. More Whipsaws than Strong Trends. Other Uses for the 200-day SMA The S&P 500 broke its 200-day SMA with a sharp decline last Thursday and then rebounded over the last three days to reclaim this hallowed level. Can we now sound the all clear? Before looking into the evidence, let's  Read More

Dow Jones Gains Over 500 On Strong Earnings

by Tom Bowley

Market Recap for Tuesday, October 16, 2018 Wall Street welcomed a trend day to at least temporarily pause the violent downtrend we've experienced the past couple weeks.  A trend day typically starts with a gap higher and then gains are extended throughout the session.  We clearly saw that as the Dow Jones finished with a gain of 547 points, or 2.17%.  Money rotated back towards  Read More

Momentum - Rate of Change

by Greg Morris

Too often I see a basic misunderstanding between Momentum, Rate of Change, and Price Difference.  Let me try to make it clear.  They are essentially the same thing. Momentum Momentum deals with the rate at which prices are changing, kind of like acceleration and deceleration. Here is the formula for momentum : (Close / Close n periods ago) x  Read More

Markets are cracking. Is it just another dip or are we witnessing a bigger event in the making?

by Julius de Kempenaer

The general market conditions for the various major indexes have been commented on extensively by other commentators here on the site. There is no doubt that there is more rumble in the markets now than we have seen for a long time. IMHO this makes it an interesting time for analysts and investors alike and a good thing to do, as Greg Schnell pointed out nicely in his  Read More

This Entertainment Leader is Still Crushing It

by Arthur Hill

The S&P 500 fell to its lowest level since early July and pierced its 200-day moving average last week. Chartists looking for stocks that held up better during this decline can use these levels for comparison. Stocks that did not break below their August lows and 200-day moving averages held up better and show relative "chart" strength. The chart below shows Activision Blizzard (ATVI) with  Read More

Welcome to 'Analyzing India'!

by Milan Vaishnav

I seize this opportunity to welcome you all to this Blog "Analyzing India". It is beyond all doubts that India remains one of the most important global markets. Out of all the Emerging Markets (EMs), the world's largest democracy certainly remains the most promising one. As a brief introduction, I have been analyzing Indian Capital Markets for over 15 years. Working as a Independent Technical  Read More

Irrational Exuberance? Yes - OEX Loses IT Trend Model BUY Despite Rally

by Erin Swenlin

This morning on MarketWatchers LIVE, Tom and I were very cautious regarding today's rally. John Murphy and Arthur Hill are bearish. Carl is undecided but erring on the side of caution. So it was somewhat surprising and cause for a chuckle to see and hear the ridiculously excited big network commentators trumpeting today's rally and calling the end of the correction. Digging into the  Read More

10/16 MWL Recap: "Big Picture Indicators" - Intermarket Analysis

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

Revlon Makes A Base For A Fourth Quarter Makeover

by Greg Schnell

Revlon (REV) showed up on the 52 week high scan today. On the chart there were some intra-week moves to higher levels but based on close only daily data, Revlon is pushing up. What is really important is the relative strength of Revlon. While the overall market was dropping quickly, Revlon stock was being bought up. The Relative Strength area chart in purple shows new 52 week highs as  Read More

Introducing Milan Vaishnav, CMT, MSTA and "Analyzing India"

by Grayson Roze

It is my distinct pleasure to welcome Milan Vaishnav, CMT, MSTA to the StockCharts family. As our newest contributing author, Milan will be sharing his analysis of the Indian markets each week through the "Analyzing India" blog. We are thrilled to have Milan on board and  Read More

The Yield Spread (Curve) Is Worrisome For Banks

by Tom Bowley

Market Recap for Monday, October 15, 2018 A late afternoon selling binge pushed our major indices into negative territory by the close, with the lone exception being the small cap Russell 2000 ($RUT), which avoided a relative breakdown vs. the benchmark S&P 500.  Small caps have been languishing and significantly underperforming large caps since the start of September as you can see  Read More

Intermediate-Term Trend Model NEUTRAL on SPX! More Buy Signals Extinguished

by Erin Swenlin

I've been updating these Scoreboards frequently starting on October 5th. Three very important signal changes arrived Friday and today. We don't generally see many updates to the Intermediate-Term Price Momentum Oscillator (PMO), but on Friday both the SPX and OEX followed the NDX and logged SELL signals. Now we have a IT Trend Model Neutral signal on the SPX. I was feeling somewhat safe this  Read More

10/15 MWL Recap: Monday Setups - Earnings Spotlight - DecisionPoint Report

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

Ultra Beauty Turns After Pullback

by Arthur Hill

The broad market environment is a bit shaky right now, but Ultra Beauty (ULTA) is holding up relatively well with a normal pullback after a big breakout. First and foremost, the stock is in a long-term uptrend after a breakout, surge and 52-week high in September. Also note that the 50-day EMA is above the 200-day EMA and price is above the rising 200-day EMA. After surging some 25 percent, the  Read More

Zooming Out - Is A Major Market Top In?

by Greg Schnell

One of the things I have focused on when examining the US market as well as other markets around the world is the tops that have been created in the last 20 years.  There are multiple ways to look at tops. Rear view mirrors are great, but more importantly, can you mark significant tops on a timely basis? When do you actually get a sell signal? What types of indicators help us see tops? Is  Read More

History Says To Watch Those 60 Minute Charts For Bottoming Clues

by Tom Bowley

Market Recap for Friday, October 12, 2018 Finally, Wall Street saw buying pressure to end a trading session.  That certainly felt great psychologically, although as I point out below, I doubt that the short-term bottom is in.  It's possible, but the odds favor another short-term plunge.  For now, however, let's rejoice in the market's Friday reversal.  All of our major  Read More

Some Commodities Drift Higher 2018-10-13 CC Video

by Greg Schnell

Well, a bruising week in equities bruised commodity related stocks but the commodities themselves held up fairly well. ETF's which hold stocks like SLX, KOL, NLR, URA, XLE, XOP, FCG all pulled back.  Precious Metals did better. Gold actually broke through a small 2 month resistance line to close higher on the week. GDX closed up near the highs of the week.  Let's start with some  Read More

The S&P's Sudden Loss of Altitude

by David Keller

I was panicked. On my previous training flight, I had put the Cessna 172 into a nose dive.  That's right, in my attempt to demonstrate a power-off stall, I had literally pointed the airplane directly at the ground.  Which is not a good idea if you want to remain in the air! I will never forget the sensation as my heart jumped into my throat.  All I saw out the front window was  Read More

Members Only

FRIDAY'S REBOUND PREVENTS FURTHER STOCK DAMAGE -- BUT WEEKLY AND MONTHLY CHARTS ARE SENDING MORE SERIOUS WARNING SIGNS

by John Murphy

S&P 500 HOLDS 200-DAY AVERAGE A stock rebound on Friday prevented a more serious market breakdown. That's because it allowed the S&P 500, and some other market gauges, to hold at or above their 200-day moving averages (Chart 1). That included the Dow and the Nasdaq, as well as consumer discretionary and technology ETFs that have had a bad month. But there was more serious  Read More

Gold Starts To Run 2018-10-11 CT Video

by Greg Schnell

The Canadian market has been hit hard. The $TSX is currently 200 points away from the highs of 2008. Thats hard to have 10 years with little progress.  The weekly PPO went negative this week which is another reason to be less optimistic for a fall rally. On a weekly chart, the trend is the big thing to be aware of. A down candle at the end of a bad week makes the chart look bad. In  Read More

DP Weekly Wrap: Picking Bottoms

by Carl Swenlin

"The road to trading glory is littered with the bodies of those who tried to pick bottoms."        -- Carl Swenlin (once upon a bad day) To use an expression made popular by the late Kennedy Gammage, bottom picking is for "swingin' riverboat gamblers." To be sure, it is a risky endeavor, but after Wednesday's bloodbath I suggested: For those who want to try to pick  Read More

10/12 MWL Recap: "What's Hot, What's Not" - Sentiment Update

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

Members Only

Weekly Market Review & Outlook (with video) - The Straw that Broke the Bull's Back

by Arthur Hill

Performance Overview. Fattening Up and Surviving Drawdowns. Breadth Indicators Turn Bearish. Measuring and Comparing Downside Momentum. S&P 500 hits Oversold Extreme. The New Normal for QQQ? Pullbacks within Uptrends: XLV, XLK, XLY, XLU. Charts Going Nowhere: XLE, XLI. Chart Break Downs: XLC, XLP, XLRE, XLF, XLB. Notes from the Art's Charts ChartList. Fattening Up and  Read More

Gold Kicks Up In The Dust Up

by Greg Schnell

$GOLD had a big day on Thursday with a $34 move.   While Gold has been out of favor so long, everyone has ignored it. If you are looking for something moving positive while the market stresses here, Gold related trades might be part of your solution. Good trading, Greg Schnell, CMT, MFTA.  Read More

Bears Retain Grip on Wall Street as Fears Grow

by Tom Bowley

Special Note I will be speaking to the Charlotte Chapter of the American Association of Individual Investors (AAII) tomorrow Saturday, October 13th at 10:00am EST.  I plan to discuss how to evaluate the sustainability of a bull market, relative strength and gap trading strategies.  The first meeting is FREE to non-members, so if you're in the Charlotte area, please stop by and  Read More

10/11 MWL Recap - Bill Shelby with "Scan Engine Trick or Treat" - Chart Breakouts

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

NDX IT Trend Model Neutral Signal - Climactic Breadth Readings Continue

by Erin Swenlin

The Intermediate-Term Trend Model Neutral signal generated today on the Nasdaq 100 (NDX) replaced a May 9, 2018 BUY signal. It was another exhausting day as we watched the correction continue with prices free falling lower. Yesterday I pointed out the climactic breadth and VIX readings and suggesting a selling exhaustion was underway. I went out on a limb (which I hear cracking right now) and  Read More

Members Only

GROWTH AND VALUE STOCKS ARE BOTH WEAKENING -- CONSUMER DISCRETIONARY AND TECH SPDRS HAVE FALLEN TO THEIR 200-DAY AVERAGES TO LEAD MARKET LOWER

by John Murphy

GROWTH AND VALUE STOCKS ARE BOTH FALLING One of the explanations for this week's big selloff is that the upside breakout in bond yields is hurting growth stocks. That's been especially true of consumer discretionary and technology stocks which suffered the biggest losses this month. Chart 1 shows the Consumer Discretionary SPDR (XLY) falling all the way to its  Read More

Members Only

Global And US Equities Violate Major Up Trendlines: More Downside To Come

by Martin Pring

The big global picture US equities are violating key trend lines Financials experience false upside breakout Energy triggers a false positive Bubble-prone e-commerce on the verge of being pricked! Last week, I wrote about the possibility of an October "surprise." I pointed  Read More

Japan against the rest of the world!

by Julius de Kempenaer

When markets around the world start to rumble it's usually a good exercise how all these moves compare against one another. The Relative Rotation Graph shows the relative picture for a number of major world equity markets against the Dow Jones World Index as the benchmark. The Indian $NIFTY index is on its way down backed by a long tail that is sending it lower on both axes well inside the  Read More