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DP Bulletin: LT Trend Model BUYs on SPX and NDX - ST PMO SELL on Dow

by Erin Swenlin

The new Long-Term Trend Model (LTTM) BUY signals triggered on the SPX yesterday (3/4) and on the NDX today (3/5). We are probably seeing these just in time for a pullback or correction ahead. The Dow seems to agree, as it generated a new ST PMO SELL signal. I've highlighted the new signals below. Note that the OEX hasn't triggered the same long-term signal yet, while the Dow is the  Read More

3/5 MWL Recap: Industry Focus - Technical Scans to Copy

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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Beware The Ides of March - and an Overstretched Stock Market

by Martin Pring

Strong Broadly-Based Rally NYSE Declining Peaks and Troughs Still in Force Several Short-Term Indicators Starting to Point South Strong Broadly-Based Rally The rally dating from Christmas Eve has been a powerful one, generating an approximate 20% gain from its low. It has also been broad, not only enabling the NYSE A/D Line to reach an all-time-high, but also  Read More

The Canadian Market Report 2019-03-05

by Greg Schnell

We are getting to a pause in the market. Even as the $TSX digests its gains, we should observe that it is at an important level of risk should the market prove to be a bear. This week's video talks about that in detail. The Canadian Dollar failed to break out; I would expect lower levels to come. More importantly, changes in the Dollar direction at this trend line have  Read More

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KOHLS AND TARGET LEAD RETAILERS HIGHER -- RETAIL SPDR REMAINS BELOW 200-DAY LINE

by John Murphy

KOHLS AND TARGET LEAD RETAILERS HIGHER Chart 1 shows Kohls (KSS) surging 7% to clear its 200-day average and trade at the highest level since November. Chart 2 shows Target (TGT) up nearly 5% and also trading at the highest level in three months. The broadline retailer is also trading right at its 200-day moving average. They're also giving a boost  Read More

Millennium Falcon - Ready To Launch

by Greg Schnell

There is a specific culture on this continent that walks and talks the Star Wars franchise. This year, Disney has the Millennium Falcon ready to launch in both of their American theme parks. Disney (DIS) is widely held across the investing spectrum, from people picking the first piece of their portfolio to the most experienced institutions in the financial sector. Now, after  Read More

EMAMI Limited - Up for a Trend Reversal?

by Milan Vaishnav

Emami Limited is one of the leading and fastest growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King. The stock price of EMAMILTD.IN has been under-performing the general markets for the past couple of months. After testing high near 599, the  Read More

This Financial Sector Group Has Caught Fire

by Tom Bowley

Market Recap for Monday, March 4, 2019 It's really hard for me to say who won yesterday's market battle.  Obviously, we finished lower so I guess that would be the determining factor to say the bears won this battle.  But it sure felt like at least a minor victory for the bulls in that heavy early losses were trimmed considerably by the close.  And the more aggressive NASDAQ  Read More

S&P 500 Trending

by Bruce Fraser

The Wyckoff Method constructs trendlines somewhat differently than other popular technical methods. Mr. Wyckoff's trendline method is obscure and not in wide usage. The main benefit of this construction technique is to support effective trading setups as the trend is unfolding. Trends (all timeframes) tend to set the rate of their upward or downward stride very early. The essential value in  Read More

What You See in the Market Is Not Always What You Get

by Brian Livingston

We can look and look at data and wind up perfectly comfortable with our observations. But how can we be sure we really understand what we're seeing? • The human mind has its own way of presenting the external world to us, just when we think we have everything figured out. Compensating for the conclusions we jump to is essential for our investing success. • More than 100  Read More

3/4 MWL Recap: Monday Setups - John Hopkins' Earning 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

Pair Analysis - 4

by Greg Morris

This will wrap up the Pair Analysis series.  In this article I will show: Some basic statistics on the pairs I used in the analysis. The top 50 pairs based on performance. The bottom 50 pairs based on performance. The Sharpe Ratio is a measure of return and risk, with risk being standard deviation.  If you have read much of what I write, I think standard deviation is a inadequate  Read More

The NASDAQ Is Showing Little Signs of Topping

by Tom Bowley

Market Recap for Friday, March 1, 2019 U.S. equities rallied strongly at the open on Friday, then gave back most, if not all, of those gains by late morning, and finally rallied once again in the afternoon.  While intraday volatility was high and different, the end result was what we've grown accustomed to in 2019 - a higher close.  Leadership came from small cap stocks as the  Read More

Google Goes Gaga

by Arthur Hill

Google, or rather Alphabet, broke out of a short-term consolidation and this could have long-term implications. The chart below shows GOOGL hitting support in the 980-1000 area from October to December. This support zone extends back to December 2017 and represents a whole lot of demand. Buyers are clearly active in this zone because the stock continues to hold it. The most recent bounce of  Read More

Something that makes me go ...Hmmmmmmm?

by Julius de Kempenaer

The daily RRG for US sectors shows a lot of sectors "hooking" lower and only two sectors that are, still, at a positive RRG-Heading, ie rising on both axes. The chart above is showing a 5-day tail on every sector. if we look at the lengths and trajectories of these tails a few things catch my attention. The first observation is the ultra-short tail on the Technology sectors. XLK is  Read More

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Martin Pring's Monthly Market Roundup 2019-03-01

by Greg Schnell

The monthly Market Roundup Video for March is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of  Pring Turner Capital Group of Walnut Creek or its affiliates.  Read More

Weekly Market Roundup 2019-03-01

by Greg Schnell

This week, the $SPX closed above 2800 for the first time since October.The Nasdaq is currently sitting a fraction under 7600, while the Russell is a fraction under 1600. While the dotted green line on each panel represented support that may have turned into resistance, we are now looking at the previous resistance levels to see if we can power through. The $RUT chart has a few important  Read More

China Dominates The February Big Movers

by Greg Schnell

As we look at the strongest ETFs for February, you'll notice how Chinese-related ETFs have soared of late, as shown in the list below.  Commodity-related ETFs also did very well, as did the technology-related industry groups. From palladium to water, from oil to sunshine to silver, the commodities can be very fast-moving. As solar stocks are part of the energy sector, I like to  Read More

The Gold Rush Is Likely Over

by Tom Bowley

Gold ($GOLD) performs its best in a falling U.S. Dollar ($USD) environment.  There is a solid inverse relationship between the direction of GOLD and the direction of the USD that has existed for decades.  The following chart illustrates this relationship from 2001 to 2010: "Gold thrives when the dollar dives."  Now let's move on to current reality.  The U.S. Dollar has  Read More

NIFTY Set-up For The Coming Week: Taking Out Imp Levels Necessary; These Pockets May Relatively Outperform

by Milan Vaishnav

For yet another week, the markets took no directional call, going on to end the week with modest gains. The NIFTY remained within a broadly-defined range throughout the week, making some gains towards the end that halted near the 200-DMA. On the weekly charts, the index continued with its sideways move, ending once again above the 50-Week Moving Average, which is presently  Read More

Materials (XLB) Are Failing To Break Resistance And Lose Relative Strength

by Julius de Kempenaer

The Materials sector, XLB, is testing overhead resistance around $56. This is the level where lows have been formed in 2017 and 2018 as well as two important highs at the end of 2018. For the time being, the attempt to break is failing, and this is visible on both the daily and the weekly charts. The relative strength for XLB against SPY is in a solid downtrend since the start of 2018, and  Read More

S&P 500 Clears the 200-day. Should we Take the Bait?

by Arthur Hill

We are all well aware of the S&P 500 and the 200-day moving average, but how well does this moving average work for broad market timing? Pretty well, it turns out, but only on the long side. I put the 200-day moving average to the test for the S&P 500 and other indexes in "On Trend" on February 21st ( Youtube link here). In a nutshell, I found  Read More

Major Stock Indexes Continue to Test Overhead Resistance Near Their November Highs

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, March 1st at 11:55am ET. After having one of the strongest starts to a new year in history, major stock indexes find themselves testing yet another potential overhead resistance barrier. And they're doing so  Read More

Mid- and Small-Cap Relative Performance Matters! Don't Miss These Crossovers!

by Erin Swenlin

While comparing the relative performance of the OEX, IJH and IWM to the SPX, I found an attention flag. The market is very overbought, with momentum indicators rolling over in overbought territory. The same thing goes for all the sectors. A CandleGlance of the sector SPDRs and SPX are all in agreement concerning the PMOs decelerating and rounding into tops. The CandleGlance  Read More

A Treasure Chest Awaits You

by John Hopkins

SO MANY stocks that recently reported earnings beat expectations and gapped up sharply on very strong volume after their results were released. Those stocks include OLED, TTD, W and PANW, among others. In fact, take a look at the chart below on TTD, which reported its earnings before the bell on February 22, and you'll get a snapshot of what a lot of stocks that beat expectations  Read More

DP WEEKLY/MONTHLY WRAP: Internals Overbought and Topping

by Carl Swenlin

The McClellan Summation Index (ratio-adjusted version) has had the longest uninterrupted upside run since 2003, when the market was coming up off of the 2000-2002 bear market lows. The indicator is very overbought and it is trying to top, so we should expect some kind of corrective action over the next several weeks.  When I say "some kind" of corrective action, I'm thinking along the  Read More

This Bank Is Poised To Break Out

by Greg Schnell

One of the most watched banks is Bank of America (BAC), whose chart has been one of consolidation over the past 12 months. As we start the month of March, investors will see that this bank is poised to break out above the trend line; it would not take much for it to hit new highs. One of the reasons I am interested in BAC is that the SCTR ranking fired off a clue  Read More

Learning From Legends: Gerald Loeb's Timeless Investing Wisdom Stands The Test Of Time

by Gatis Roze

I'm sure you've heard the expression, "the more things change, the more they stay the same."  Gerald Loeb used this phrase frequently.  I've always had great respect for Mr. Loeb.  True, he was an extraordinary investor and a best-selling author.  But what I most respected him for was his business acumen.  As one of the founding partners of E.F. Hutton, he was  Read More

Materials Sector Rolling over On Both The Weekly And The Daily RRG

by Julius de Kempenaer

The chart above shows the weekly rotation for the Materials sector, XLB, within the universe of US sectors against SPY. After the tail turned upward inside the lagging quadrant, XLB kept up with the performance of SPY and moderately outperformed the market until the sector started to lose relative momentum again in the week of 21 Jan and 28 Jan when the tail started to roll over downward again  Read More

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MAJOR STOCK INDEXES CONTINUE TO TEST OVERHEAD RESISTANCE NEAR THEIR NOVEMBER HIGHS -- AND CONTINUE TO LOOK OVER-EXTENDED

by John Murphy

NOVEMBER HIGH IS BEING TESTED After having one of the strongest starts to a new year in history, major stock indexes find themselves testing yet another potential overhead resistance barrier. And they're doing so while in an over-extended technical condition. But they've been looking over-extended for most of the past month. Chart 1 shows the Dow Industrials testing  Read More

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Weekly Market Review & Outlook - Resistance versus Uptrend

by Arthur Hill

Resistance in an Uptrend? Bulk of the Evidence Bullish. Utilities, REITs and Industrials Lead in Price. Finance Holds Flag Breakout. When Bad News is Good (SQ). Volume Picks up in Fox Factory. A Classic Breakout and Throwback (SCWX). ChartList Updates.   Resistance in an Uptrend? The S&P 500 advanced to the resistance level heard round the world and backed off  Read More

Railroads Strength Pointing To Bright Economic Conditions

by Tom Bowley

Market Recap for Thursday, February 28, 2019 Our major indices were lower across the board on Thursday, but losses were minimal.  The Dow Jones, S&P 500, NASDAQ and Russell 2000 dropped 0.27%, 0.28%, 0.29%, and 0.35%, respectively.  That's not much damage considering how strong these indices have been over the past 9-10 weeks.  There's still a solid uptrend in play on the  Read More

2/28 MWL Recap: March Seasonality Report - Things That Make You Go Hmmmm

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

Medical Equipment Stocks Very Healthy, Watch For Breakout

by Tom Bowley

Market Recap for Wednesday, February 27, 2019 We're seeing how the stock market deals with a bit of adversity with a Volatility Index ($VIX) at 15 vs. when it was in the 20s and 30s.  Every time it appears we're going to have a nasty day, buyers return and intraday selling dissipates.  For the second straight day of this "downtrend", equities have traded at their lows early in the  Read More

Is This Stock Breaking Out or Building A Major Top-Formation?

by Julius de Kempenaer

On the weekly Relative Rotation Graph for US sectors, XLI, the Industrials sector is crossing over into the leading quadrant from improving. This indicates further improvement for Industrial stocks compared to other segments of the market. While zooming in on the RRG for Industrial stocks against XLI I noted the rotation of DOV inside the weakening quadrant. When a stock is at the  Read More

DP Alert: SPY & XLI Trigger LT Trend Model BUY - Dollar (UUP) PMO SELL Signal

by Erin Swenlin

In mid-week DP Alerts, I generally only review the SPX, as it is a Scoreboard index. However, DecisionPoint signals are reported to Timer Digest based on the SPY. Yesterday, the SPY generated a Long-Term Trend Model (LTTM) BUY signal. The SPX still has some ground to cover before it can log the same signal. The Industrials SPDR (XLI) triggered a LTTM BUY signal today. With the Sector  Read More

2/27 MWL Recap: Tim Ord of The Ord Oracle - 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

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BOND PRICES ARE UP AGAINST CHART RESISTANCE -- AND MAY BE SUBJECT TO PROFIT-TAKING

by John Murphy

TREASURY BOND ETFS ARE UP AGAINST CHART RESISTANCE Last Thursday's message suggested that an overbought Treasury bond market was looking vulnerable to some profit-taking. That's still the case. The weekly bars in Chart 1 show the 7-10 Year Treasury Bond IShares (IEF) just below potential overhead price resistance formed in mid-2017. That would seem to be a logical  Read More

Join Me At The Traders EXPO in New York

by Julius de Kempenaer

Here's some shameless self-promotion! On Monday 11 March I will be doing an RRG presentation at the TradersEXPO in New York and you are invited. For FREE ;) Julius presenting RRG at TradersEXPO New York I have never attended one of the TradersEXPO events let alone presented at them so it will be a new adventure and I am excited about it. I don't really know what I can expect but I am  Read More

Travel & Tourism Stocks Seeking A Boost From Booking Holdings

by Tom Bowley

Market Recap for Tuesday, February 26, 2019 In what has become a rarity in 2019, all of our major indices finished in negative territory on Tuesday, but it wasn't without a fight.  There was early selling, but stocks rallied throughout much of the session to forge to intraday gains before a final selling binge landed equities back in negative territory by the close: The tops from the last  Read More