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1/17 MWL Recap: Julius de Kempenaer on RRG Look at SPY & IEF - Agree or Disagree ($DJUSSC)

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

SPY Arrived In "Trouble Territory"

by Julius de Kempenaer

After the sharp sell-off in Q4 of last year, the market (SPY) started to recover from its lows near 235. And IMHO it is still a "recovery" before turning down again as opposed to a "turnaround" back up. This weekly chart above clearly shows that the rhythm of lower highs followed by lower lows is still in play and for a turnaround to become a possibility we need, at the minimum a first  Read More

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A Five Step Bearish Setup for ABC

by Arthur Hill

AmerisourceBergen (ABC) started the day strong and rose with the broader market, but turned south in the afternoon and formed a bearish engulfing. This bearish candlestick reversal looks especially ominous because it formed near the minimum retracement and with the Commodity Channel Index (CCI) overbought. The chart shows ABC breaking down with a sharp decline in December and recording 52-week  Read More

How This Organized Process Will Maximize Your Investing Analysis - ChartPack Update #22 (Q4, 2018)

by Gatis Roze

Yes - since 2013, our ChartPack user community has suggested thousands of powerful improvements to our quarterly presentation of ChartLists. Over these six years, StockCharts.com has grown mightily and many new members are not entirely clear what the Tensile  Read More

Bear Markets and Drawdowns - 2

by Greg Morris

This is a continuation of the previous article.  The Dow Jones Industrial Average, also referred to as The Dow by the financial media, is a price-weighted measure of 30 U.S. blue-chip companies. The Dow covers all industries with the exception of transportation and utilities, which are covered  Read More

Solid Earnings Lift Financials, Wall Street

by Tom Bowley

Market Recap for Wednesday, January 16, 2019 Late-day selling cut into some of Wall Street's gains, but the bear market rally continued.  It's left many wondering whether we're still in a bear market.  The technical answer to that question is yes, we're in a bear market until we see a rally of 20%.  The S&P 500 has rallied close to 12% off the bottom, so there's still a long  Read More

Jack Bogle Reveals Investing Secrets in Tell-All Book - part 2

by Brian Livingston

Bogle's new book, Stay the Course, reveals one little thing individual investors do that costs them one-third of their return - but is easily prevented. • A difference between the trading of investors in traditional index mutual funds and that of investors in the flashier index exchange-traded funds (ETFs) explains a lot about the varying amounts both groups end up putting in their pockets. •  Read More

Long Tail And Strong RRG-Heading For IRM

by Julius de Kempenaer

The Relative Rotation Graph above highlights the rotation of IRM (Iron Mountain Inc.) in comparison to the other stocks in the S&P Real-Estate sector (XLRE). The sector itself is interesting to keep an eye on as it is positioned well inside the leading quadrant but rolling over, at high JdK RS-Ratio levels, on the  Read More

DP Alert: Short-Term Indicators and Mature Rising Wedge Suggest a Downturn

by Erin Swenlin

Right now, our short-term indicators (and even our climactic ones) are suggesting decline. The rising wedge formation on the SPX is quite bearish, but I also see it as being "mature." This means that price is getting very close to the apex of the wedge. I'll explain more in the section on stocks below. The DP Scoreboards are short-term positive as far as price trend and momentum, but our DP  Read More

1/16 MWL Recap: David Keller on "Analyzing Our Appetite for Anchoring" - Technical Scans

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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FINANCIAL STOCKS LEAD MARKET HIGHER -- OVERSOLD READINGS SUPPORT A RALLY

by John Murphy

FINANCIAL SPDR CLEARS 50-DAY AVERAGE After months of poor absolute and relative performance, financial stocks are starting to show some upside leadership. The daily bars in Chart 1 show the Financial Sector SPDR (XLF) gapping higher today and trading above its 50-day moving average (blue circle). That would be enough to turn its short-term trend higher. In addition  Read More

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Big Sectors Drive Short-term Breakout in SPY

by Arthur Hill

Stocks Bid to Extend Higher. SPY Enters the Prior Consolidation. Big Sectors Join the Breakout Parade. The S&P 500 SPDR (SPY) and several sector SPDRs broke out of short-term consolidations in a bid to extend the upswing that began on December 26th. While I remain in the bearish camp long-term (weekly S&P 500 chart), the short-term trend is clearly up. Today I will focus on the  Read More

10 S&P 500 Stocks That Seasonally Outperform From February Through April

by Tom Bowley

Market Recap for Tuesday, January 15, 2019 We saw an across-the-board advance led by healthcare (XLV, +1.80%), communication services (XLC, +1.66%) and technology (XLK, +1.51%).  All of our major indices jumped as NASDAQ shares soared by 1.71%.  The S&P 500 rose 1.07%.  After a slow start, the small cap Russell 2000 played "catch up" and winded up gaining 0.87%, while  Read More

Palo Alto Networks Breaks from the Pack

by Arthur Hill

Most stocks have struggled since November, but Palo Alto Networks managed to reverse at a key area and break above a resistance zone. The chart below shows PANW with weekly bars over the last 3 years. The stock broke to new highs in February 2018 and more than doubled from spring 2017 to autumn 2018. Notice how the stock recorded numerous 52-week highs from January to August 2018. Stocks  Read More

And the Winning Sector is....

by Erin Swenlin

I decided to review the Sector Summary, Sector CandleGlance Charts and our DP Sector Scoreboard to see which sector(s) were "winners." In all honesty, depending on the timeframe, various sectors rein supreme. However, there is one particular sector that has performed well across all timeframes. Let's start with the DP Sector Scoreboard, where we can see the intermediate- and long-term  Read More

1/15 MWL Recap: "identifying Market Tops and Bottoms" by Tom Bowley - 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

The Science Of Going Higher

by Greg Schnell

Edwards LifeScience (EW) had a big move this week - having been inside a trading range for most of 2018, EW is now testing the top of the consolidation. I have omitted the few days it experienced above the range as the stock gapped up, went on a euphoric surge and then gapped lower, quickly putting it back inside the range. The stock was ultimately up 20% last year, even though  Read More

Forget the Price and Anchor to the Trend

by David Keller

Anchoring is a behavioral phenomenon wherein we, as people, lock in to a specific reference point that then affects our subsequent decisions. When I taught technical analysis at Brandeis University, I asked one group of students to tell me where the S&P 500 would be at the end of  Read More

Banks Rally On Citigroup's Results, But Likely To Struggle Today With JP Morgan's

by Tom Bowley

Market Recap for Monday, January 14, 2019 The losses on Monday were not huge, but there did seem to be selling in most areas of the market.  10 of 11 sectors finished lower as financials (XLF, +0.69%) was the only sector to finish in positive territory.  That sector's strength likely resulted simply from relief - relief that Citigroup (C) didn't warn about 2019.  All of our  Read More

Jack Bogle Reveals Investing Secrets in Tell-All Book

by Brian Livingston

John C. Bogle - known to all as 'Jack' - has been advocating the simplest portfolio strategies for decades. Surprise! They've outperformed the S&P 500. • In the last book he says he'll ever write in his lifetime, the legendary index-fund pioneer lets fly with some scathing but profitable revelations about mutual funds, ETFs, and the colorful cast of characters who made them all come to life  Read More

1/14 MWL Recap: Monday Setups - Earnings Spotlight - Sentiment Update

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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Market Hits Resistance, So What's Next?

by Martin Pring

Averages Reach Resistance Selected Emerging Markets Starting to Look Interesting Last week, I wrote that, while my view on the primary trend remained bearish, I thought the lows established a couple of weeks or so ago stood a good chance of holding for a while. That view was based on a deeply oversold condition and widespread caution, both of which suggested that the pendulum had swung too far  Read More

Coca-Cola Loses Some Fizz

by Arthur Hill

Stocks surged over the last 12 days with the S&P 500 gaining over 10% and moving above its late December high. Coca-Cola (KO) was leading the market with a new high in November, but did not partake in the broad market rally here in January. SPY is up around 3.63% year-to-date, but KO is flat for the year. Moreover, a bearish continuation pattern is forming on the chart. The price chart  Read More

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The 800-pound Gorilla Hits Resistance

by Arthur Hill

I highlighted the confluence of data points that argue for resistance in the S&P 500 last week and would like to review this as we start a new week. Note that I only focus on resistance when the bigger trend is down. Why? Because resistance levels have a much better chance of holding during downtrends. Support levels, on the other hand, have a much smaller chance of holding. Think about it  Read More

Will Earnings Sustain The Current Rally? Probably Not

by Tom Bowley

Market Recap for Friday, January 11, 2019 Healthcare (XLV, +0.33%) and consumer staples (XLP, +0.29%) paced a bifurcated market on Friday as the Russell 2000 eked out a 2 point gain.  Despite rallying most of the session after a poor start, the Dow Jones, S&P 500 and NASDAQ fell short of moving into positive territory and finished with minor losses of 0.02%, 0.01%, and 0.21%  Read More

Is General Motors Ready To Fire On All Cylinders?

by Greg Schnell

General Motors had a great week. The real question is whether it can fire on all cylinders? I like the chart as the whole industry group had a great week. This stock pays a 4% dividend! Hunting through the indicators, the SCTR suggests the stock is moving into the top quartile in price performance. The relative strength is is breaking out to six month highs which is a nice bullish trait. I  Read More

Asia Looks Bullish - Weekend Wrap 2019-01-12

by Greg Schnell

This week, all the indexes tested the horizontal support levels that broke down in December. The NASDAQ broke above the resistance line, while the $SPX and $RUT both remain under the level. The $SPX managed to rally through 2575, the level of the market before the Fed meeting; I find that encouraging. The market has started to put a bid under the bank stocks. That looks timely, with  Read More

ICICI Securities: Interesting Days Ahead

by Milan Vaishnav

ICICI Securities Ltd. (ISEC.IN) In addition to being the pioneers in the e-brokerage business in India, ICICI Securities is a technology-based firm offering a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management and financial product distribution. The stock has a short listing history. ISEC.IN marked its high on the  Read More

NIFTY Mildly Penetrates The 50-Week MA; Moving Past These Levels is Necessary For A Sustained Up-Move

by Milan Vaishnav

It was a volatile end to the week as the NIFTY index oscillated in a 100-point range on Friday, finally settling with a modest loss after rebounding from the lower levels. Just like the week before, no major downsides were seen. The NIFTY just barely managed to pierce the 50-Week MA, which is currently at 10748. After oscillations in a defined range, the headline index  Read More

1/11 MWL Recap: What's Hot, What's Not with Mary Ellen McGonagle - Secular Bear or Cyclical Bear?

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: Expect Breakdown from Rising Wedge

by Carl Swenlin

One of my favorite chart patterns is the wedge. Rising or falling, they arrive frequently and usually resolve predictably. On this chart there happen to be two rising wedge formations. The first one led us into the bull market top in September/October of 2018. It resolved downward, as expected, but I have to admit that the massive downside follow through was atypical to say the least. The  Read More

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RATIO ANALYSIS SHOWS A MAJOR SHIFT OUT OF STOCKS AND INTO BONDS -- ALL BOND CATEGORIES OUTPERFORMED STOCKS SINCE OCTOBER

by John Murphy

COMPARISON OF TWO VANGUARD FUNDS SHOWS BONDS IN THE LEAD In good times when investors are confident about the economy, they usually favor stocks over bonds. One of the ways we can tell when investors are starting to lose confidence is when they start favoring bond holdings over stocks. And that's what we've seen over the past few months. Chart 1 plots a ratio of the Vanguard  Read More

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Weekly Market Review & Outlook (with Video) - Looking Outside the U.S. Stock Market

by Arthur Hill

Big Markets in Big Downtrends. Bullish Breadth Surge. Counting New Highs on One Hand. Vast Majority of Stocks in Downtrends. A Return to the Breakdown. A Potential Reversal Area. Finding Pockets of Strength. India Starts to Drag. Indonesia Extends on Breakout. New Zealand Holds above October Lows. Singapore Dollar Surges. Philippines ETF Hits 8-month Highs. Bovespa Hits New High. EEM Firms as  Read More

Bear Markets and Drawdowns

by Greg Morris

The month of December 2018 was a bad month for the market; the rally in the last week of the month was nice but small compared to the month's decline.  2019 has so far continued the upward move, so I thought it was time to show some data on market drawdowns.  If you have been reading my scribblings for long you hopefully recall that I view drawdowns as the best measure of risk.   Read More

Relative Rotation Graphs And Factor ETFs

by Julius de Kempenaer

It's Friday morning in Amsterdam and I just dropped my daughter off at school. On the way to my office, I usually stop at the local Coffee Company for a cappuccino and reading some, market-related, news, blogs etc. For some reason, I noticed a lot of talk and articles on factor investing, factor ETFs, factors that drive  Read More

Correlation Suggests That We Monitor Treasury Yields Closely

by Tom Bowley

Market Recap for Thursday, January 10, 2019 There was both good and bad action on Thursday.  Yes, the bulls should be excited as a short-term price and trendline breakdown did not result in panic or a Volatility Index ($VIX) that surged.  Also, all of our major indices remained above their ascending 20 day EMAs.  So long as that continues, a tradable uptrend remains in play  Read More

1/10 MWL Recap: Grayson Roze with New Navigation Features - Turning Point - Inside the Lines

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

Which ETFs Will Outperform This Month? Here's the List - part 4

by Brian Livingston

If you want the best raw performance over the long term, expanding your menu to 13 asset classes, plus a simple mechanical formula, is just the ticket. • Standing on the shoulders of giants in finance - including Nobel Prize winners - ETF pioneer Mebane Faber developed and publicly disclosed the best way to select the low-cost index funds that are most likely to outperform in the coming month  Read More

Crude Oil Surges, Energy Paces Wall Street Advance; Negative Divergences Loom

by Tom Bowley

Market Recap for Wednesday, January 9, 2019 Crude oil ($WTIC, +5.18%) continued rolling higher on Wednesday, buoyed at least in part from its positive divergence.  Recently, I discussed the likelihood that crude oil prices would move back into the $50-$54 per barrel range and you can see from the chart that's where we are now: Positive divergences typically result in 50  Read More

This DOW stock is pushing to new relative highs and rotates back into the leading quadrant on the Relative Rotation Graph

by Julius de Kempenaer

Visa is showing up, just, inside the leading quadrant on the Relative Rotation Graph vs $INDU above. These images are zoomed in from the RRG  Read More