Don't Miss a Single Article or Web Show!

From daily blogs to weekly web 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!

Archived News

Interesting Technical Set-Ups on Container Corp of India and SBI

by Milan Vaishnav

The PSUBank Index has a shown sharp surge in its relative momentum against the broader CNX500 index. This keeps this index firmly in the leading quadrant of the Relative Rotation Graph, where it accompanies the NIFTY Infrastructure Index. The Container Corporation of India (CONCOR.IN) from the Infrastructure index and the State Bank of India (SBIN.IN) from the PSUBank index present interesting  Read More

Which ETFs Will Outperform This Month? Here's the List.

by Brian Livingston

The S&P 500 crashes more than 30% every 10 years, on average. Another such destruction of your wealth is on the way. • Can a simple formula keep your life savings from being shredded while still delivering market-like returns across bear-bull cycles? The answer is 'Yes.' Best all of, it's free of charge. The steps are fully disclosed and supported by years of actual use. FigureRead More

If the SPY:IEF ratio is going to test its support at the 2015 peaks where do SPY and IEF prices need to go?

by Julius de Kempenaer

The above chart shows the stocks/bonds ratio using monthly bars since 2004. IMHO this is one of the most useful charts to decide on an important portion of the asset allocation in your portfolio. Should you invest in stocks or in bonds. In other words, "Risk ON" or "Risk OFF". It is a basic relative strength chart but now using bars instead of a line chart. this is to show that during a month  Read More

Utilities Is The Lone Bullish Sector As We Move Into 2019

by Tom Bowley

Market Recap for Friday, December 28, 2018 Let's start with the bright spots from Friday's market action.  The more aggressive NASDAQ and Russell 2000 ended the session in positive territory, gaining 0.08% and 0.46%, respectively.  They both closed higher for the third consecutive day after a drubbing throughout December.  As a result, the month-to-date losses have shrunk, but  Read More

Special Note: The Year That Was & Sectors to Look At In 2019

by Milan Vaishnav

The last trading session of 2018 was rather dull, with the markets ending on a flat note. The year itself, however, stood in stark contrast to its last trading day. Throughout the previous year, the NIFTY was consistently affected by events both global and domestic in nature. These included, among others, the threat of trade war, the Fed continuing to rise interest rates in the US, sharp spikes  Read More

Sector SPDRs Firm with a Few Piercing Patterns

by Arthur Hill

Stocks rebounded last week and recovered part of their losses from the prior week. Long black candlesticks formed the week before Christmas and most sector SPDRs recovered with long white candlesticks the following week. A black candlestick forms when the close is below the open, while a white candlestick forms when the close is above the open. Chartists can compare the last two weekly  Read More

The Selling Stops - Weekend Wrap - 2018-12-29

by Greg Schnell

The selling finally stopped on the indexes. After the quadruple witching of last Friday, traders had to endure one more day of selling on Monday, December 24th. After that, though, the market recoiled and gained back a few days of losses. We still have not retraced the fed meeting drop yet, however. From a breadth standpoint, the Nasdaq High-Low data has bounced up from a record  Read More

The NASDAQ Composite Stumbles into 2019

by Bruce Fraser

For stock indexes, 2018 started dramatically and ended with even more drama. In January a Buying Climax (BC) stopped the long term uptrend of stock indexes and a sharp Automatic Reaction (AR) produced an important Change of Character from a trending into a trading range market environment. This sequence of events was discussed in the Wyckoff post 'S&P 500 Notebook' in March (  Read More

First Week Of 2019 To See NIFTY Remain Indecisively Bullish; Moving Past 10950 Still Important

by Milan Vaishnav

Over the past week, the markets continued to deal with overhead resistances on expected lines. Once again, it was a volatile week, with the NIFTY oscillating in a wide range as it dealt with a couple of important resistance levels on the charts. The benchmark index has attempted to penetrate the 50-Week MA, which is presently at 10756, but ultimately closed near the upper  Read More

DP Weekly/Monthly Wrap: Unanimously Not Bullish

by Carl Swenlin

On Friday the signal for the Utilities sector changed from BUY to NEUTRAL, making it the last of the 11 S&P 500 sectors to lose its bullish stance. NEUTRAL sounds kind of, well, neutral, but it is really a 'soft' SELL signal because the position changes from long to cash or fully hedged. Seven of those 11 sectors now have Long-Term Trend Model SELL signals (50EMA is below the 200EMA)  Read More

When Technicals Talk And Fundamentals Fail

by Greg Schnell

With the exception of Brazil and India, the monthly charts are broken worldwide - and the speed of the drop since the break has been alarming. Come 2019, the charts will need to do a lot of work to rebuild a constructive shape. What are we looking for? Let's start at the top. In a bull market, the full stochastic indicator usually stays above 50. With Friday and Monday left to improve  Read More

Help! I've Fallen and I Can't Get Up

by Greg Morris

Well, what do you think of 2018 so far?  As a trend follower, it has been difficult.  Reminds me of 2011, which happened to be the worst year my 25-year-old model has ever had.  Chart A shows the Dow Jones Industrial Average for all of 2011 with some data before and after that.  The blue filtered wave (zig-zag) is showing all moves of 10% or greater and the red filtered wave  Read More

Afternoon Strength Lifts Wall Street For 2nd Consecutive Session

by Tom Bowley

Market Recap for Thursday, December 27, 2018 The final two hours on Wall Street yesterday was quite the finish.  After languishing deep in red territory throughout much of the session, the bulls took complete charge into the close.  The Dow Jones, down more than 600 points just past 2pm EST, was threatening to give back most or all of its previous record-setting 1000+ point gain from  Read More

Support Has Been Established, Now How High Might We Bounce?

by Tom Bowley

Market Recap for Wednesday, December 26, 2018 After gapping higher on Wednesday, our major indices retreated initially to lose all of its opening gains.  The Dow Jones traded approximately 300 points higher right out of the gates, but within 90 minutes had lost those gains and was down 80 points.  I'm sure most everyone was thinking "Here we go again!"  But this time, buyers  Read More

Okay, So You Rallied 1000 Points...? That Don't Impress Me Much.

by Julius de Kempenaer

Yesterday, on boxing day, the Dow jumped 1000 points from its 52-week low which, coincidentally, was also set yesterday. Never a dull moment. But, what does it mean? Looking at the weekly chart above, at least IMHO, it means only a (small) recovery of the damage that has been done since the start of October when $INDU almost touched 27.000. However, it is nowhere near enough to change  Read More

Mark Hulbert Sentiment Indices: Advisers Are Contrary Indicators - part 4

by Brian Livingston

Advisers are just as bad at predicting the prices of gold and bonds as they are at forecasting equities, if not worse. • Whenever financial gurus are especially confident in their guesses about the market, the assets tend to move in exactly the opposite way. You may not be able to time the market using this information, but at least you can avoid wasting money on predictions. FigureRead More

DP Alert: Market Whiplash - Possible Island Reversal for Bonds

by Erin Swenlin

It's been a pretty interesting Christmas week so far. On Christmas Eve, Santa definitely stayed away as the market tumbled into deep lows. Today, however, it would appear that Santa finally arrived. Yes, Virginia, apparently there is a Santa Claus - for the market. So enjoy some holiday champagne as the market continues to rally and clear oversold conditions. Be careful  Read More

We're Nearing Our First Major Bear Market Bottom

by Tom Bowley

Market Recap for Monday, December 24, 2018 It was an abbreviated session on Monday, but the losses were not abbreviated.  The Dow Jones lost another 653 points, or 2.91%, while the S&P 500, NASDAQ and Russell 2000 posted losses of 2.71%, 2.21% and 1.95%, respectively.  All 11 sectors fell rather hard, led by utilities (XLU, -4.18%), energy (XLE, -4.05%) and real estate (XLRE  Read More

A Long-term Breadth Signal Triggers

by Arthur Hill

AD Percent for the S&P 500 dipped below -90% on Monday and this was the sixth reading below -90% this year. AD Percent equals advances less declines divided by total issues. Thus, if 25 stocks advance (5%) and 475 stocks decline (95%), AD Percent equals -90% ((25 - 475)/500). The chart below shows the S&P 500, S&P 500 AD Percent and the S&P 500 AD Line. The index fell 11 of the  Read More

Mark Hulbert Sentiment Indices: Advisers Are Contrary Indicators - part 3

by Brian Livingston

When professional advisers and newsletter editors are most bullish about the market, the Dow and the Russell 2000 go down, not up. • When they're most bearish, large caps and small caps go up, not down. What explains the backwardness? Hulbert's tracking confirms the essential findings of 'behavioral finance' - the human mind becomes overconfident and consistently guesses wrong. Figure<  Read More

"How The Grinch Stole Christmas" Featuring Jerome Powell

by Tom Bowley

Market Recap for Friday, December 21, 2018 Growth stocks remain under significant pressure as the stock market is quickly repricing them based on bear market rules.  While I believe the sudden drop in so many critical areas simultaneously told us of the impending S&P 500 breakdown and ensuing bear market, Fed Chair Jerome Powell hastened the process by essentially guaranteeing the  Read More

A Rare Extreme for the Russell 2000

by Arthur Hill

The Russell 2000 peaked at 1740 in mid August and fell below 1300 over the last 15 weeks. The index is now down 11 of the last 15 weeks and extremely oversold. Even though the long-term trend is clearly down, this extreme oversold condition could give way to a counter-trend bounce. The chart shows the Russell 2000 falling below its 40-week moving average in mid October and recording a 52-week  Read More

A Ravaged Market - Weekend Wrap - 2018-12-22

by Greg Schnell

There were few places to hide in this week's tsunami of lower prices. Commodities had a lot of ominous moves, Copper broke down and Oil suffered a massive 11% down week. Rare earth metals, such as Lithium, Steel and Aluminum, all moved lower. Individual sectors plummeted, with Utilities down the least. While it might out-perform in a downtrend, your account is still  Read More

P&F Charts Plummet in Triple Bottom Breakdowns

by Greg Schnell

With the ongoing market turmoil, it seems that the P&F charts are plummeting. This style of charting does a great job of clearly illustrating support - you can see when price break downs as support is broken. The chart below demonstrates how well the price has been supported at 2600. The second-to-last column of O's briefly broke below the two prior lows,  Read More

Relative Rotation Graph Shows BOB (EXC & WELL) vs WOW (NBL & FTV) Stocks

by Julius de Kempenaer

In my previous post, I highlighted both the Real-Estate and the Utilities sectors as (strong) outperformers during this weak period for stocks in general. This "Double + for Utilities and Real Estate on Relative Rotation Graph" pointed to the position inside the  Read More

Week Ahead: NIFTY may relatively out-perform globally; upsides though, may remain capped

by Milan Vaishnav

Before the start of this week, we had highlighted the possibility of NIFTY facing overhead resistance as it was inching higher. We also expected the week to remain much more volatile than normal. In line with this forecast, the week that went by remained highly volatile, with the index oscillating in a wide range. After meeting the overhead resistance area, the NIFTY took a sharp knock on the  Read More

DP Weekly Wrap: Are Things As Bad As They're Going To Get?

by Carl Swenlin

Less than three months ago there was a great lament about how employers couldn't fill job positions because of a shortage of job seekers. This week FedEx announced voluntary employee buyouts, presumably to reduce payroll. In view of this, I offer you the Swenlin Basic Economic Theory: Things get better and better, until they are as good as they're going to get. Then they get worse and worse  Read More

Members Only

PREVIOUS INSTANCES OF FED TIGHTENING ACCOMPANIED RISING COMMODITY PRICES -- THE FED IS RAISING RATES NOW WHILE COMMODITIES ARE PLUNGING

by John Murphy

LAST TWO YIELD CURVE INVERSION RESULTED FROM RISING COMMODITY PRICES My Wednesday morning message suggested that a sharp drop in the price of oil and other commodities argued for a more dovish tone from the Fed. That message also explained that previous Fed tightening cycles were usually done to combat rising inflation and higher commodity prices. Let's take a look at the two most  Read More

Members Only

Weekly Market Review & Outlook (with video) - Oversold is a Double-Edged Sword

by Arthur Hill

A Clear Signal on the Monthly Chart. Oversold is a Double-Edged Sword. Getting to Washout Levels (High-Low Percent). Quarterly Rate-of-Change Signals a Shift. VIX has Yet to Spike. Futuristic Food for Thought. Notes from the Art's Charts ChartList. . .. A Clear Signal on the Monthly Chart Even though we still have some days to go before the monthly bar is complete, I would  Read More

We're Looking At A Category 3 Stock Market Hurricane Making Landfall

by Tom Bowley

Market Recap for Thursday, December 20, 2018 If you haven't noticed, I use a lot of weather analogies in describing the stock market.  It's by design as forecasting the stock market has a lot of similarities to forecasting the weather.  Meteorologists are often scrutinized as weather patterns can change quickly.  They have to change their forecasts on the fly to keep up with all  Read More

DP Bulletin: One Lone BUY Signal Remains on the Scoreboards

by Erin Swenlin

Today, the Dow finally logged its Long-Term Trend Model SELL signal. This signal was triggered when the 50-EMA crossed below the 200-EMA. The Scoreboards below are ugly. The remaining BUY signal will be gone on the final trading day of the month - I highly doubt the PMO will be able to find its way back above the signal in time to prevent it. Below are the new Scoreboards, along with  Read More

12/20 MWL Recap: Julius de Kempenaer on Sector RRGs - Sound Off

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

When Angst Reigns 2018-12-19

by Greg Schnell

In this article, I'll be covering some of the sentiment charts for the broad market. The Equity Put Call ratio ($CPCE) is experiencing in the top 40 spikes of the past 15 years. Take notice of the groupings - the majority are bunched around major market lows. While this doesn't look very severe, remember that quadruple witching happens tomorrow. This is an options-related event that  Read More

Fed Hikes, Promises More In 2019; Banks In Big Trouble

by Tom Bowley

Market Recap for Wednesday, December 19, 2018 This was a Fed day that could have lasting damaging effects.  Fed Chair Jerome Powell and his band of cronies decided to ignore the one piece of data that's probably the best leading indicator - the U.S. stock market.  The stock market has been telling everyone, except apparently the Fed, that economic growth is slowing.  Despite  Read More

Utilities are OK but it's better to avoid EIX

by Julius de Kempenaer

The Utilities sector is acting as a safe haven for a lot of investors that need to park their money in the stock market because they cannot, or are not allowed to, hold all or significant amounts of cash when markets are going down. These are the periods when relative strength analysis (and thus Relative Rotation Graphs) can really set themselves apart. The above chart shows the RRG  Read More

Mark Hulbert Sentiment Indices: Advisers Are Contrary Indicators - part 2

by Brian Livingston

How does Hulbert know the weight financial advisers are recommending on the stock market and other asset classes? • He subscribes to their newsletters and websites, and then averages their percentage allocations. No, that doesn't necessarily mean you can use their collective wisdom for market timing. When the gurus are the most bullish, the market is the most likely to fall. FigureRead More

DP Alert: A Year Without a Santa Claus?

by Erin Swenlin

You might be chuckling at the title which pays homage to the Rankin/Bass stop-motion animated classic A Year Without a Santa Claus. In the show, it takes two elves, a little boy and a young reindeer to prove to a despondent Santa that everyone does indeed misses him and believe. Santa, of course, hopped right into his sleigh and took off. I thought maybe the FOMC would try to  Read More

12/19 MWL Recap: Danielle Shay of SimplerTrading.com on Options - Sector Rotation

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

A Monster Momentum Shift in the 30-yr Yield

by Arthur Hill

It was not long ago that the 30-yr T-Yield ($TYX) was breaking above a three year resistance line and the outlook for yields was bullish (bearish for bonds). Admittedly, I was in that camp. The tables have turned as the 30-yr Yield failed to hold the breakout and sliced below its 200-day moving average. The chart below shows the yield breaking resistance at 32.5 (3.25%) in September. The  Read More

Members Only

The Fed Unnerves Gold Market

by Martin Pring

In my December Market Roundup webinar, I touched on the idea that the economy had begun to seriously slow down. Wednesday's Fed action, actual and potential for next year, will amplify that process. The equity markets are obviously paying attention, but the increased  Read More