Editor's Note: This article was originally published in John Murphy's Market Message on Thursday, March 15th at 12:34pm ET The two converging trendlines in the chart below show the Dow Industrials forming a potential "symmetrical triangle" (which has one trendline falling and the other rising). The falling trendline on top is...

The Dow Industrials is in the midst of a narrowing consolidation and chartists should watch the March range for the next directional clue. The 2018 range extends from the January high (26,617) to the February low (23,360), which is 3257 points or around 13% of the current close. The range narrowed as the Dow formed lower highs and a higher low. As such, a large symmetrical triangle formed...

Regional Banks had a great week. Lots of them are testing big breakout levels and making new highs. Some examples are: Brookline Bancorp: In the small cap SCTR ranking. Independent Bank Corp (IBCP) is starting to move. It is also increasing the dividend consistently. Live Oak Bankshares (LOB) IPO'd three years ago. After consolidating all of 2017 it looks to be on the move again. There

The NASDAQ Composite and NASDAQ 100 became the first two key indices to break to fresh all-time highs and their 2018 relative strength can be underscored by this chart: The NASDAQ 100 is seeing money rotate its way in 2018 so it's prudent to focus on this index for specific trading ideas. And this brings me to my February 3, 2018 ChartWatchers article,

If there's one thing I've learned over my many years trading in the market, it's to avoid chasing a stock, especially if it's overbought. This might seem like an obvious strategy but many traders are drawn to those stocks that are ascending which I can understand. But if you end up buying near the top you might find yourself holding a position which has little prospect to rise further while

I've been teaching investment courses across North America for over 18 years now – in seminars, at conferences, to professional organizations and, most recently, through our own investment education company, Stock Market Mastery. By last count, I've had over 5,000 students. When it comes to different investor types, I've pretty much...

On Friday's MarketWatchers LIVE program, I did a workshop on volume. Highly recommend you check it out on the StockCharts YouTube Channel or it is available under the webinars tab until Monday's show begins. We talk about volume all the time, but why is understanding and following it important? Well, Dr. Alexander Elder in his book, The New Trading for a Living (available in the...