STOCKS REBOUND OFF 200-DAY LINES... Chart 1 shows the Dow surging more than 300 points after surviving another test of its 200-day average yesterday. Chart 2 shows the S&P 500 doing just as well. Both indexes still need to exceed their 50-day average...

2018 has been a tough year for stocks with the S&P 500 SPDR (SPY) basically unchanged (+.08%) for the year. During this journey to unchanged, SPY was up around 7% at its late January high and down around 5% at its February low. The index has since gyrated within the range set from this high and low. The chart below shows this year's price action with a large triangle taking shape as

The toy business has been in a massive uptrend if you are in the right stocks. It is a fickle business group as they seem to treat the shares aggressively. Buy the good ones quickly, sell the weak ones even faster. This week, Activision (ATVI) closed above 5-week highs on the strongest positive volume in a year. This stock seems to give one full stochastic signal a year, and it just...

Throughout 2017 the U.S. Dollar Index ($USD) was falling and aiding profits on multinational companies found on the S&P 500. But it was time for the dollar to rise, as evidenced by a surging U.S. 10 year treasury yield ($UST10Y) vs. Germany's 10 year treasury yield ($DET10Y). Check out this chart: I anticipated the dollar strength back in my February 28, 2018 Trading Places...

Analysts will tell you that this earnings season has been a great success. In fact, many companies exceeded earnings expectations and were handsomely rewarded by the market. However, there were also plenty of companies that missed earnings expectations and/or provided worse than expected guidance, taking those stocks lower, and some very substantially. For example, take a look at the chart

If you didn't catch my recent interview, I joined Tom Bowley and Erin Swenlin on their StockCharts TV show, MarketWatchers LIVE, for a special presentation: "The Two Pillars of Probability Enhancement". I demonstrated the asset allocation strategies and routines I use to reduce risk in my portfolios and increase my probabilities of profitable investing...

The SPX whipsawed into a Price Momentum Oscillator (PMO) BUY signal, suggesting a short-term rally is up next. Climactic breadth indicators popped on Friday and the VIX penetrated the upper Bollinger Band. When I see these types of readings, I classify them as a buying exhaustion or buying initiation. Below you can see in the thumbnail that the PMO triggered a SELL signal on Thursday, but...

For a very long time equities have been the dominating asset class, stuck at the right-hand side of the Relative Rotation Graph showing six different asset classes. That situation is now changing. Equities (SPY) is still at the right hand (positive) side of the RRG but inside the weakening quadrant, since seven weeks, and heading towards the lagging quadrant. Fixed income related asset classes...