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Working Through Prior Highs

by Greg Schnell

After the Fed meeting last two weeks, the market pulled back on Thursday with a big rally on Friday, which, despite having significantly less volume, managed to close above the September high. One of the concerns as we test a prior high is breadth. So far, we have had strong breadth readings in both Net New Highs and the Advance/Decline line. Other breadth readings, such  Read More

Week Ahead: This Zone Is Set To Act As Stiff Resistance Area For The Coming Week

by Milan Vaishnav

In a truncated 3-day working week, the Indian equity markets headed nowhere and ended the week on a flat note once again. In our previous weekly note, we had mentioned the possibility of the NIFTY failing to break resistance at 11760. In the week that went by, though the markets remained generally volatile, the NIFTY did not make any fresh incremental high. The week ended on  Read More

Spring Savings Are Here, With A Very Special Twist...

by Grayson Roze

Hello Fellow ChartWatchers! The springtime sun is shining bright here in the Pacific Northwest, and we think that's cause for celebration. So, I'm coming to you this week with a very special announcement. For a limited time only this month, we're giving you 2 FREE months of StockCharts service when you sign up or renew for a 12-month subscription.  Read More

Volume Ratio Charts - Climactic Attention Flags

by Erin Swenlin

My dad, Carl Swenlin, was a guest on MarketWatchers LIVE last Wednesday (here is a link to that show). He brought in some DecisionPoint indicator charts that I hadn't looked at in quite some time (truth be told, he hadn't looked at them in awhile either) and many of our viewers asked about how to obtain them. One  Read More

5/3 MWL: What's Hot, What's Not - Energy Boost

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

Interdisciplinary Investing: Combining Fundamentals and Technicals Increases Profits

by Gatis Roze

How does a return of 14% in six months sound to you? Last February, I wrote a blog about attending the unique interdisciplinary DENT Conference last year in Napa Valley.  I credit my attendance there with directly re-energizing  Read More

DP WEEKLY WRAP: Nasdaq Composite Record High Not Supported by Internals

by Carl Swenlin

This week the Nasdaq Composite Index closed at a new, all-time high, but the Bullish Percent Index (BPI) is a long way from confirming that. The BPI is the percentage of Nasdaq Composite stocks that are on point and figure BUY signals, and Friday's reading is 55%. That is significantly lower than the two previous BPI tops in 2018 -- one was 70% and the other was 65%. The result is a strong  Read More

Profiting from Pullbacks

by John Hopkins

When you're a bull, the last thing you want to see is a pullback in stocks you own. This is understandable - who wants to see something they own lose value? But, at some point, the market and individual stocks will get overheated, so instead of worrying about a pullback, try to identify those stocks that are likely to get the most attention on any selling. A perfect example is Microsoft, a  Read More

Investors Never Say Never

by David Keller

"The market will pull back about 5% before continuing higher." "Banks always do well with a steeper yield curve." "If the market moves higher, then gold will definitely pull back." "I'm sure we'll see a correction in the next two weeks." When I was in college, one of my least favorite courses was Chemistry 202. This was second-year chemistry, which involved an extensive lab  Read More

Strong Jobs Report Boosts Stocks - S&P 500 Nears Another Record

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, May 3rd at 1:34pm ET. A surprisingly strong jobs report this morning has given stocks a big boost today. All major indexes are having a strong day with the Nasdaq and small caps in the lead (more on that  Read More

Some Sector Rotation Is Starting To Appear

by Greg Schnell

With most of the large caps finished reporting, it's a good time to take a look and see what is working. Over the last two weeks, Health Care, Utilities, Financials and Real Estate have outperformed the big growth sectors of Communications and Technology. While that can happen from time to time, it surprises me that it is happening just as Apple announces a $75 Billion buyback, Facebook  Read More

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STRONG JOBS REPORT BOOSTS STOCKS -- TRANSPORTS CONTINUE TO SHOW NEW LEADERSHIP

by John Murphy

S&P 500 TRIES TO REGAIN RECORD HIGH A surprisingly strong jobs report this morning has given stocks a big boost today. All major indexes are having a strong day with the Nasdaq and small caps in the lead (more on that shortly). Transports are also having an especially strong day which is another positive sign. All eleven stocks sectors are in the black led by energy, cyclicials  Read More

The Canadian Market Breakout Fails

by Greg Schnell

Ouch! The Canadian market failed to hold the highs, as $TSX rolled over and dipped back below the breakout level of 16500. While the market has moved higher and higher, there have been fewer and fewer individual stocks making new highs. Three weeks ago, the market made new highs above the October 2018 top. Last week, the market went to higher highs, but only 25 individual stocks  Read More

Monster Beverage Pours An Earning Boost $MNST

by Greg Schnell

Monster (MNST) reported great numbers, beating on both earnings and revenue. What makes the chart valuable is that, after all is said and done, we can see that price is moving above the centre of the range. The real story here is that MNST has been flat money for the last 1.5 years. Also worth noting is the fact that the stock recently tried to break out, pulled back and has  Read More

Improving the Best Six Months Strategy by Adding Months and Timing

by Arthur Hill

The "Best Six Months" strategy suggests that the best time to own stocks is from November to April, and the worst time is from May to October. Testing over the last 25 years confirms the performance differences between these two periods, but this strategy still leaves money on the table. This article will show that a "Best Eight Months" strategy outperforms the Best Six Months strategy  Read More

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Weekly Market Review & Outlook - Small-cap ETFs Hold Breakouts

by Arthur Hill

S&P 500 Records another New High. Small-cap ETFs Hold their Breakouts. Breadth Table Remains Net Bullish. XLE Breaks Down. Sector Table Remains Bullish. Yield Spread Continues to Narrow. Art's Charts ChartList.   S&P 500 Records another New High The S&P 500 remains in bull mode overall. All three breadth indicators are on active bullish signals, the  Read More

Energy Remains A Drag And Seasonality Suggests It Could Get Worse

by Tom Bowley

Market Recap for Thursday, May 2, 2019 Energy (XLE, -1.74%) took yet another tumble on Thursday, which dampened an otherwise decent recovery from intraday morning lows in our major indices.  The Dow Jones was the big loser, dropping 0.46%, while the small cap Russell 2000 index rebounded nicely, finishing the session with a 0.40% gain.  The S&P 500 and NASDAQ fell 0.21% and 0.16%  Read More

5/2 MWL: Guest Bruce Fraser "Fishing for Campaign Quality Stocks" - Relative Strength (Industrials)

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

DP Bulletin: OEX Triggers ST PMO SELL Signal

by Erin Swenlin

The OEX hopped on board the SELL signal train as its Price Momentum Oscillator (PMO) crossed below its signal line, which triggered its own Short-Term PMO SELL Signal. A rising wedge was nearly executed today to the downside. The PMO was yanked below its signal line, which generated the SELL signal. Price closed above the rising bottoms trend line, but I would look for the wedge to  Read More

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Commodities: Down Now, Up Later?

by Martin Pring

Two Key Commodity Benchmarks Violated Trend Lines Commodity Sector ETFs Breaking as Well Longer-Term Picture May be Reversing In early April, I tacked on a couple of commodity charts at the end of an article that commented on global equities  Read More

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WEAK INFLATION ISN'T TRANSITORY -- COMMODITY PRICES HAVE BEEN FALLING FOR A DECADE

by John Murphy

COMMODITIES HAVE BEEN FALLING FOR A DECADE Yesterday's message suggested that weaker commodity prices should provide some comfort to the Fed since subdued inflation would allow the Fed to keep rates on hold and prolong the decade-long economic recovery. It turns out the Fed is more worried than comforted about persistently low inflation (as are stock traders); although it waved off  Read More

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Market Roundup With Martin Pring

by Martin Pring

Here is the link to this month's Market Roundup video. There are a significant number of long-term charts that are starting to turn higher suggesting, that the brief economic slowdown in late 2018 is behind us and we are starting the next major leg higher. Market Roundup with Martin Pring. Good luck and good charting Martin J  Read More

Banks Vs. REITs Provide Bullish Clue

by Tom Bowley

Market Recap for Wednesday, May 1, 2019 Fed Chair Jerome Powell ruined the bull market party on Wednesday afternoon, effectively suggesting that the Fed would not be lowering rates in response to low inflation data of late.  The bond market has been screaming for a rate cut, not a hike, but at least for now, the Fed is having none of it.  Powell said the lower inflation data was  Read More

Will JNJ Be Able To Pull The Sector Back On Its Feet?

by Julius de Kempenaer

The Healthcare sector is not in its best shape. On the Relative Rotation Graph for US sectors, XLV is deep down inside the lagging quadrant against SPY, without any signs of improvement at the moment. However, if you feel that this situation will not last forever and are gutsy enough to prepare a bit for a turnaround, you may want to look at JNJ. Price On the weekly price chart above, JNJ  Read More

DP Alert: PMO SELL Signals on SPX & NDX - Gold Sentiment Very Bearish

by Erin Swenlin

The Dow flipped to a new PMO SELL signal on Monday; today, we saw the SPX and NDX join in. These are just more signs that the market is angling for a pullback or correction. We saw climactic readings on the VIX and breadth; additionally, the discounts on Sprott Physical Gold Trust are the highest we've seen in some time. Sentiment being contrarian, this is bullish for Gold. I've  Read More

5/1 MWL: Carl Swenlin "Six-Month Seasonality, Volume Ratios and More" - Turning Point

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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RECENT WEAKNESS IN COMMODITY MARKETS MAY BE GOOD NEWS FOR THE FED -- THE BLOOMBERG COMMODITY INDEX HAS WEAKENED ALONG WITH MOST COMMODITY GROUPS

by John Murphy

COMMODITY PRICES WEAKEN One of the factors the Fed is now considering to help formulate its monetary policy for the rest of the year is the question of inflation. Rising inflation puts pressure on the Fed to raise rates. Flat or falling inflation allows the Fed to stick with its current policy of keeping rates flat for the foreseeable future. Commodity prices are one of the best ways  Read More

Go Away In May? More Like "Time To Fly Is Mid-July"

by Tom Bowley

Market Recap for Tuesday, April 30, 2019 Alphabet (GOOGL, -7.50%) set the stage for a rough day on the NASDAQ (-0.81%) as the internet giant posted quarterly results that didn't impress Wall Street.  The small cap Russell 2000 lost 0.45%, losing ground vs. the benchmark S&P 500 for only the second time in the last six trading sessions.  While all of our major  Read More

Junk Science; Junk Analysis!

by Greg Morris

I don't think I have offended anyone in quite a while and feel I'm not doing my job if I don't try to periodically; so here goes! Often a simple mathematical series of numbers can sometimes get misinterpreted (promoted) to be something magical.  My personal favorite sequence is 6, 28, 496, 2520, 8128, and 24601.  I'll explain them at the end of this article.  Personally, I see no  Read More

Docusign Breaks from Consolidation Pattern

by Arthur Hill

Docusign (DOCU), a company that provides e-signature solutions, started trading on August 27th and surged over 30% on its IPO. The stock advanced another 65% after this initial gain and then fell back to the IPO price in October. Notice that the six month lockup period ended on October 24th and the stock established support in the 40 area the next two months. The stock moved higher in the first  Read More

Which Way Will The Bond Market Turn On Fed News?

by Greg Schnell

The bond market has narrowed itself into a tight range. Below is the TLT chart, with the yield payments removed from the price action. This chart allows us to see how the price is moving, and right now it is sitting at a particularly interesting junction. Bond prices started to rise after the Fed meeting on November 7-8th and have continued to rise since, but they now face an  Read More

Dow Unable to Avoid Price Momentum Oscillator (PMO) SELL Signal

by Erin Swenlin

Since about the beginning of March, the SPX has been outperforming the Dow on an absolute basis. Looking at the December 26, 2018-April 30, 2019 PerfChart below,, the Dow is up just above 16%, which is certainly a win. However, the SPX, our benchmark, is up almost 20% from December 26.  Here are the current DecisionPoint Scoreboards for the large-cap indexes that we track. The PMO  Read More

4/30 MWL: "Scanning ChartLists and Creating Alerts" with Erin Swenlin - Intermarket Analysis with Tom Bowley

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

Mixed Rotations For Technology Stocks Inside The Dow - MSFT Comes Out On Top!

by Julius de Kempenaer

The Relative Rotation Graph shows the five technology stocks inside the DJ Industrials index, all of which are at the right-hand side of the RRG. This is not surprising, considering the strong rotation of the sector as a whole against the S&P 500 index. Despite the strength of the sector, however, there are a few big differences in the relative strength and the rotation of a few of these  Read More

Watch This Transportation Ratio Very, Very Closely

by Tom Bowley

Market Recap for Monday, April 29, 2019 A bull market is comprised of a number of things, but two are wide participation and rotation of strength.  We've been seeing both.  Yesterday, it was financials (XLF, +1.01%) and communication services (XLC, +0.91%) that led the S&P 500 and NASDAQ to new record closing highs.  Banks ($DJUSBK, +1.30%) were solid and technically  Read More

Broad-Based Investment Pools Arise for Affordable Housing

by Brian Livingston

The slow rate of housing development in many cities is causing a crisis of affordability. Solving the problem can be profitable. • With the release of  regulations by the US Treasury only days ago, organizations are now pooling small investors' funds for development within so-called Opportunity Zones. Knowing how these pools work can help you diversify your portfolio with physical real  Read More

The Weekly Outlook

by Greg Schnell

After an exciting week where the market made new closing highs, Monday morning saw a push to new intraday all-time highs on the $COMPQ and the $SPX.  A few things about last week got my attention. Firstly, there was a rotation into some of the defensives. Even with the big tech earnings last week, Technology slipped a bit. Facebook and Disney are in Communication Services  Read More

Palo Alto Readies for its Next Move

by Arthur Hill

Palo Alto Networks (PANW) is a leading cyber-security stock that fits into the technology sector. Needless to say, the Technology SPDR (XLK) and the EW Technology ETF (RYT) are the leading sectors here in 2019. PANW took a break with a consolidation over the last eight weeks, and this could be the pause that refreshes. First and foremost, PANW hit a new high in early March and is well above the  Read More

Ford Lifts Autos, Healthcare Advances, And Consumer Stocks Bullish

by Tom Bowley

Market Recap for Friday, April 26, 2019 When was the last time I suggested Ford Motor Co (F, +10.74%) was a catalyst for any bull market advance?  Ummm, probably never.  But F was exactly that on Friday as much better than expected earnings lifted the stock and the automobile group ($DJUSAU, +2.42%).  The DJUSAU was the best performing industry within consumer discretionary (XLY  Read More

Are PSU Banks Likely to Outperform Private Banks? Answer Lies in the Relative Rotation Graph (RRG)

by Milan Vaishnav

We head in to a month that is set to be among the most volatile and eventful as the market faces one of the most important domestic events – General Election Results. The equity markets are currently hovering around their lifetime highs. On the one hand, they grapple with a not-so-favorable technical setup, showing persistent bearish divergence against its lead indicators. On the other hand, in  Read More