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5/23 MWL: "Breaking it Down with RRG" with Julius de Kempenaer - The Dead Zone

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. 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  Read More

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STOCK SELLING INTENSIFIES -- DOW TRADES BELOW ITS 200-DAY AVERAGE

by John Murphy

TRADE TENSIONS CONTINUE TO WEIGH ON STOCKS Stocks are under heavy selling pressure today. Energy stocks are leading the market lower with a drop of more than -3%, while oil is dropping nearly twice as much. Technology, industrials, and financials are down -2% or more. As has been the case this month, trade sensitive stock groups are leading the day's decline. Communication and  Read More

Apparel Retailers Sink To Four Month Low

by Tom Bowley

Market Recap for Wednesday, May 22, 2019 Our major indices finished with losses on Wednesday, despite strength in defensive sectors.  The S&P 500 and Dow  Jones held up best, falling just 0.28% and 0.39%, respectively.  The primary reason is that more defensive stocks are represented on those two indices.  Defensive sectors actually performed quite well yesterday with  Read More

Even When Your Funds Are Gone, the Game Might Not Be Over

by Brian Livingston

Foreign-exchange dealers offer enormous leverage to customers, and leverage can lead to enormous losses - greater than your entire balance. • Experience with global currency-trading brokers shows that they value the profits they earn from traders so much that even some busted account holders can be forgiven their debts, if it will keep the traders paying commissions and fees. Figure  Read More

Is China About To Pick Up The Pace Again?

by Julius de Kempenaer

Yesterday, I wrote about the relationship of US stocks against other international stock markets in my regular RRG Charts article. The Relative Rotation Graph that I use for these analyses is one of the pre-defined groups and is shown above. While working on that article, I noted the long tail and the hook down on the Chinese market  Read More

DP Mid-Week Review: ST Indicators Top Too Soon - TLT Stalling at Resistance

by Erin Swenlin

No changes on the DecisionPoint Scoreboards. The short-term is still weak; our short-term Swenlin Trading Oscillators turned down this week after barely reaching positive territory. TLT rallied further but was unable to push past strong resistance at the March high. The DP Mid-Week Review presents a mid-week assessment of the trend and condition of the stock  Read More

5/22 MWL: Guest Larry Pesavento "The Truth Behind Technical Analysis" - Are You Buying This?

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. 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   Read More

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DOW TRANSPORTS FALL BELOW 200-DAY AVERAGE -- AMERICAN AIRLINES, FEDEX, AND JB HUNT ARE LEADING IT LOWER

by John Murphy

DOW TRANSPORTS FALL BACK BELOW 200-DAY LINE Transportation stocks are one of the weakest parts of the market today. Chart 1 shows the Dow Jones Transportation Average now trading below its 50- and 200-day moving averages. Not surprisingly, tranports are also showing relative weakness. The blue line in Chart 1 is a relative strength ratio of the transports divided by  Read More

Canada Pauses, Energy Drops - Market Review

by Greg Schnell

Following its high on April 23 (just a few days after Options Expiration), the Canadian market endured a failed breakout. A month later, the market is still below the breakout level. The Canadian index chart looks a little bit stronger, as two pieces of good news - the surge in Westjet on buyout news and a surge in Air Transat on a proposed buyout by Air Canada - helped to  Read More

What Does It Mean When The US Starts Outperforming Other International Stock Markets?

by Julius de Kempenaer

Stock markets around the world are giving mixed signals. Returns over the last 5 weeks have varied from +4% in Australia to -10% in China. The Relative Rotation Graph above shows the relative trends that are currently in play among the various international stock market indexes. For a pure, and thus better, comparison of the various (trends in) performances, I use INDEXES instead of ETFs. If  Read More

Discipline, Discipline, Discipline!

by Greg Morris

Discipline is the Key!  You should look up the definition for both the noun and the verb. Over the years I've stressed the importance of having discipline in any investment strategy, and that is certainly still the case. A couple of years ago, when the market was in an ongoing up move, I had to take each small correction seriously because I never knew when it would turn out to be more than  Read More

What's Wrong With Small Caps And Will June Seasonality Kick In?

by Tom Bowley

Market Recap for Tuesday, May 21, 2019 The U.S. stock market rebounded on Tuesday after a 90 day temporary license was granted by the U.S. Department of Commerce to Huawei, a Chinese multinational telecommunications equipment company.  Technology stocks (XLK, +1.23%) were a primary beneficiary of this action and trailed only materials (XLB, +1.54%) in terms of Tuesday sector  Read More

A Medical Device Stock with Strong Volume Trends

by Arthur Hill

An existing uptrend and short-term breakout on high volume point to higher prices for Boston Scientific. The chart below show BSX hitting a new high in early March and then falling rather sharply into mid April. A volume spike punctuates the plunge below 35 and this looks like a selling climax that washed out most the sellers. The stock then recovered with a move back above its rising 200-day  Read More

Could GoPro Go? Yes It Could Go! GPRO

by Greg Schnell

GoPro (GPRO) is a classic IPO that initially traded with a lot of hype before ultimately losing its mojo. The stock IPO'd almost 5 years ago and has been in a big slide ever since. However, there's now a big reason for you to put GPRO on your radar, which is that the stock actually made new 52-week highs in May - the first time that has happened in its life!  Read More

5/21 MWL: My Trading Plan with Tom Bowley - SCTR Report on Biotechs

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. 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   Read More

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Nail Biting Time For Equities, Green Shoots For Agricultural Commodities

by Martin Pring

Top or Consolidation for Equities? Agricultural Commodities Perking Up Following a Severe Sell-Off Grains Fully Supporting Price Action in the DBA Top or Consolidation for Equities? The S&P, like the other market averages, has been in a trading range since March. We will have to see how it plays out, but, were the Index to drop and hold below 2,800, it would have completed  Read More

Semiconductors Take Another Big Hit, Support At Hand

by Tom Bowley

Market Recap for Monday, May 20, 2019 Monday marked another rough May trading day, especially for the NASDAQ, which dropped 1.46%.  The other major indices fell, but to a much lesser extent.  Technology (XLK, -1.74%) and communication services (XLC, -1.65%) were hardest hit as weakness in semiconductors ($DJUSSC, -3.89%) and internet ($DJUSNS, -1.69%) took a toll on their respective  Read More

Currency Trading is a Great Way to Lose Money

by Brian Livingston

Studies show that although 84% of currency traders think they can make profits, only 30% actually do. What can we learn from this fact? • People are vastly overconfident in their ability to wring gains from what seems like a simple game. In currency-dealer records, traders win more than 50% of their bets, but their losing trades cost almost double what the winning ones make. Figure  Read More

5/20 MWL: Monday Setups - John Hopkins EarningsBeats.com - DecisionPoint Sentiment Update

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. 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   Read More

A Momentum Break for Ross Stores

by Arthur Hill

Ross Stores (ROST) recently bounced off its rising 200-day SMA with a bullish candlestick pattern and short-term RSI broke to its highest level of the month. It looks like the short-term pullback is ending and the bigger uptrend is resuming. ROST plunged in November-December with a sharp decline below the 200-day SMA. This plunged caused the 200-day to flatten in December, but it never really  Read More

Financial Administration Relative Strength - When Will It End?

by Tom Bowley

Market Recap for Friday, May 17, 2019 Friday offered up a mixed bag.  Our major indices were either higher or near the flat line with an hour left in the trading day.  Then more discussion surfaced that US-China trade talks had stalled.  That sent U.S. equities spiraling lower, especially areas that have been hit hard previously by trade talk failures like semiconductors ($DJUSSC  Read More

Lower Highs, Lower Lows

by Greg Schnell

After opening with a sharply down Monday, the market spent the rest of last week trying to make up lost ground. On Friday, the morning started off weak, rallied through the morning and then fell, finishing near the day's lows into the close. Friday's reversing price action is not an optimistic finish for the week, as the market clearly lost some of  Read More

Special Weekly Note: Markets Set To Face A Volatile Week; Placed Differently Than In 2014

by Milan Vaishnav

The Indian equity markets witnessed one of their most volatile weeks in the recent past, oscillating back and forth in a relatively wider range before ending the week with a modest gain. After facing downward pressure in the initial days of the week, the NIFTY saw itself turning positive on the final trading day, ending with gains of 128.25 points (+1.14%). The 7-phase  Read More

My New Favorite Scan - Excellent Results Using SCTR and Rising PMO

by Erin Swenlin

If you watch MarketWatchers LIVE regularly, you've probably heard about my new scan. I've found, especially when the market has a bearish bias, that my original Price Momentum Oscillator (PMO) scan wasn't producing any results. I consider this a caution flag before I get too involved with the results of my new scan. The original scan is below. Its requirements are quite high, so I won't  Read More

5/17 MWL: What's Hot, What's Not - What Would You Do?

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. 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   Read More

5/16 MWL: Dissecting the Nasdaq 100 - Sector Rotation

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. 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   Read More

Celebrating An Investor's Obituary

by Gatis Roze

I've begun writing my own obituary.  No worries.  I don't have any incurable health issues to be concerned about.  It's simply an exercise that I believe will have value and will be beneficial to my investment efforts.  The catalyst for this rather unusual undertaking was James Hagerty's piece in the Wall Street Journal on April 22, 2019.  Hagerty's professional job is  Read More

Weekly Sector Rankings Show a Defensive Market

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, May 17th at 4:49pm ET. The table in Chart 1 plots the relative performance of the eleven market sectors for the week. And they show a generally defensive market. That can be seen by the fact that REITs, utilities  Read More

DP WEEKLY WRAP: Double Top Scenario Still Fits

by Carl Swenlin

Last week I asserted that the market was in the process of forming a major double top. This week, in spite of some price action attempting to refute that assertion, the double top is still evolving. So far the rally attempt appears to have failed, and the thin volume says that there is not as much conviction behind the rally as there ought to be. Specifically, I am referring to the SPX Volume  Read More

Banks Around The World Drop

by Greg Schnell

From what I can see, global bank charts are continuing to weaken. The banks as a whole have rolled over in the last two weeks, but we have some major banks around the world making new multi-year lows. This is problematic. First of all, we have the chart for KBE below. If this is an average of the banks, that average is now below both the 10-week and 40-week moving averages. The price  Read More

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WEEKLY SECTOR RANKINGS SHOW A DEFENSIVE MARKET -- SAFE HAVENS WERE MARKET LEADERS

by John Murphy

WEEKLY SECTOR RANKINGS SHOW DEFENSIVE MARKET The table in Chart 1 plots the relative performance of the eleven market sectors for the week. And they show a generally defensive market. That can be seen by the fact that REITs, utilities, and consumer staples are the three top sectors for the week. The weakest sectors are financials, industrials, cyclicals, technology, and materials  Read More

A Bearish Failure Swing for the Russell 2000

by Arthur Hill

The bearish failure swing is a bearish RSI signal from Welles Wilder, creator of RSI. Note that this signal is NOT the same as a bearish divergence, even though a bearish divergence is also possible at the same time. A bearish failure swing has four parts: RSI moves above 70 (1), RSI falls back below 70 (2), RSI rises and fails to exceed 70 (3), RSI falls below the intermittent low (4).   Read More

Walmart Fires Up The Jet $WMT

by Greg Schnell

A few years ago, Walmart bought Jet.com, an online retailer. It was a big purchase of an unprofitable retailer, but the expertise of the online platform management was part of the action. On that note, Walmart reported strong earnings numbers yesterday above street expectations, crediting their online initiative for the growth. (The revenues were a touch light.) Walmart has allowed the online  Read More

Here's What a Double Looks Like

by John Hopkins

Every trader dreams of owning a stock that doubles. If it can happen in just six months, even better. This has been the case for Twilio (TWLO), a stock featured during our Top 10 Stock Picks webinar in November of 2018 that has doubled in price since the November 20 bottom of $71.56.  You can see in the chart below that the stock came close to revisiting that November 20 bottom  Read More

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Weekly Market Review & Outlook - Risk Aversion in the Air

by Arthur Hill

Defensive Sectors Have Strongest Charts. Offensive Sectors Have Yet to Break Down. S&P 500 Gets a Bounce. A Bearish Failure Swing for the Russell 2000. Large-caps Lead New High List. Discretionary and Communication Sectors Take Hits. Housing versus Retail. Software versus Semis. Treasury Bonds Extend on Breakouts. Measuring Risk with Bond Ratios. Yield Spread Ticks Higher. Art's Charts  Read More

Cisco Earnings Drive Telecom Equipment Higher

by Tom Bowley

Market Recap for Thursday, May 16, 2019 Cisco Systems, Inc. (CSCO, +6.66%) reported its latest quarterly results after the bell on Wednesday, beating both revenue and EPS estimates, and provided a solid outlook.  It was just what the telecom equipment group ($DJUSCT, +4.53%) needed after trending lower for the past month and fading on a relative basis vs. the benchmark S&P 500: I would  Read More

Things That Can Screw Up Your Investing!

by Greg Morris

I've written before about heuristics and cognitive biases in my Know Thyself series from a couple of years ago.  Here I put together a list of them with short definitions and explanations.  That space between your ears is generally a horrible investment decision maker. Anchoring Bias – Too often investors base decisions on the first piece of  Read More

Will this break in IEF be able to hold up?

by Julius de Kempenaer

Browsing some Relative Rotation Graphs, the relationship between Stocks and Bonds, once again, drew my attention. When I shifted to their respective charts I decided that the current price action of IEF as shown in the graph above deserves our, or at least my, attention. This ETF that tracks the performance of 7-10 year Treasury bonds broke above an important horizontal  Read More

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AMAZON.COM AND LENNAR LEAD CONSUMER DISCRETIONARY SECTOR HIGHER -- ADOBE AND CISCO LEAD TECHNOLOGY

by John Murphy

CONSUMER DISCRETIONARY SPDR REGAINS 50-DAY LINE Stocks are having another strong day today with all eleven market sectors in the red. Cyclical stocks are helping lead it higher. Chart 1 shows the Consumer Discretionary SPDR (XLY) trading back over its 50-day average (blue line). Two of its biggest gainers are shown below. Chart 2 shows Amazon.com  Read More

Is The 6 Week Relative Outperformance In Financials Over?

by Tom Bowley

Market Recap for Wednesday, May 15, 2019 Falling treasury yields put a lid on many industries within financials (XLF, -0.37%), while renewed strength in the U.S. Dollar Index ($USD) kept pressure on materials (XLB, -0.26%).  Other than those two sectors, it was primarily a very bullish day.  The NASDAQ was the best performing index, gaining 1.13%.  There was fairly wide  Read More