The MEM Edge

June 2023

The MEM Edge

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Are the Markets Just Pulling Back, or Is It More?

by Mary Ellen McGonagle

The markets pulled back this week amid global recession fears that followed the Bank of England's interest rate hike. Most concerning to investors was that the ½% increase came on the heels of an elevated U.K. inflation report for May. Thoughts that the U.S... Read More 

The MEM Edge

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MEM TV: Key Areas of Support as Markets Pull Back

by Mary Ellen McGonagle

In this episode of StockCharts TV's The MEM Edge, Mary Ellen shares important levels to watch as the markets pull back amid interest rate hike fears. She also highlights how to tell if your stock is pulling back or poised for further downside... Read More 

The MEM Edge

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MEM TV: An Exciting New Area Joins the Market's Uptrend

by Mary Ellen McGonagle

In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the health of the broader market, while also highlighting breakout stocks among a new area and why they're trending higher. She also looks into the effects of the continued move into cyclical stocks... Read More 

The MEM Edge

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Down-and-Out Stocks Entering New Uptrends - These 8 Traits Will Help You Pick a Winner

by Mary Ellen McGonagle

The markets are seeing a continuation of last week's broadening out into areas beyond mega-cap FAANMG names. Most of the biggest gainers have been beaten-down stocks regaining their footing amid a move back into Cyclical areas of the market... Read More 

The MEM Edge

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MEM TV: New Uptrends Amid Sector Rotation!

by Mary Ellen McGonagle

In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the continued rotation into Cyclicals while sharing stocks that are in the beginning stages of new uptrends. She also shares how to use intraday charts to trade fast-moving AI-related stocks... Read More 

The MEM Edge

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These Areas are Pushing Equal-Weighted S&P 500 Higher

by Mary Ellen McGonagle

The equal-weighted S&P 500 index ($SPXEW) continues to advance above its key 50-day moving average, which it broke above following last Friday's broad-based rally in the markets... Read More 

The MEM Edge

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MEM TV: Broad-Based Rally Puts Markets in Bullish Position

by Mary Ellen McGonagle

In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews what's pushing the markets above resistance and how you can capitalize. She also highlights this week's rally in Bank stocks and whether the group is in an uptrend... Read More