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NIFTY Energy Sector Looks Up

by Milan Vaishnav

As the Indian equity markets remain under under an area formation, a clear breakout will continue to elude the NIFTY unless it can move past the 10950 level. With the markets still trapped in a range, the NIFTY Energy Index ($CNXNIFTY) provides some interesting observations. The NIFTY Energy Index formed a large double top formation between 2014-2017, breaking out on the upside  Read More

Weekend Market Roundup 2019-01-19 When Bulls Run Over Everything

by Greg Schnell

Bulls are in charge Breadth is excellent Looks like an initiation thrust Oil buy signal Asia buy signal FOMO - Fear of missing out is starting to kick in for institutional investors This has been a wonderful run for investors. Since the Santa Claus low, the market has gone up 13%! This bullish momentum is continuing and the fear of missing out is compelling investors to buy in.  Read More

3 Stocks Awaiting A Possible Earnings Explosion

by Tom Bowley

Analysts meet with the management teams of companies and then return to their firms and either buy or sell based on the information they gather.  It's the primary reason why technical price action precedes fundamental information.  If you understand the dynamics on Wall Street, you're in a much better position to profit from it.  Over the past 3-4 months, the stock market endured  Read More

New Pre-Defined Groups And A Look At FAANG Stocks On Relative Rotation Graphs

by Julius de Kempenaer

If you are a regular user of Relative Rotation Graphs you are probably aware of the pre-defined groups (universes) that you can choose from when you open the drop-down box at the top op the chart. In order to make life easier (for our users) and provide structure, I am working on a project to get more pre-defined groups added to that list. A few months ago the group "Asset Allocation" was  Read More

Week Ahead: NIFTY Looks At Taking A Decisive Directional Call In The Coming Week

by Milan Vaishnav

The past week saw the market remaining range-bound, oscillating inside a 250-point range and ultimately ending with a modest gain. Though the market did not take any directional call on either side, it saw significant amount of volatility within the defined range. While holding on to the 50-Week MA level, which was 10749 at close, the NIFTY ended the week with gains of 112 points  Read More

Separating the Contenders from the Pretenders

by Arthur Hill

The S&P 500 is in the midst of a big run that lifted most boats, especially financial stocks. Even though these stocks are leading with the biggest gains over the last three weeks, most big financials are still in downtrends overall and below their 200-day SMAs. Take Citigroup for example. Even with the big surge, Citigroup remains below its November-December highs and nowhere close to a  Read More

January Stock Rebound Continues

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, January 18th at 11:01am ET. All major U.S. stock indexes have exceeded their 50-day averages (blue lines). That still leaves their 200-day averages to contain the rally. But there are a couple of other resistance  Read More

Railroads Are Rolling

by Greg Schnell

Railroads are back in an uptrend after the fourth-quarter correction. I like to keep track of the railroads and their relative strength compared to the $SPX. Most recently, the relative strength panel pulled down to the trend line and bounced off again; a nice bullish setup. Moving to the individual railroads, Kansas City Southern had a monster week. Price soared almost  Read More

DP Weekly Wrap: Trade News Dominates; Technicals Lurk

by Carl Swenlin

Just last week I wrote: There are two impending fundamental events to which the market is likely to react positively: (1) resolution of the trade issues with China; and (2) ending the government shutdown. Assuming that either event actually comes to pass, positive short-term reaction can be expected from either one, a reaction that could override negative short-term technical expectations  Read More

1/18 MWL Recap: What's Hot, What's Not with Mary Ellen McGonagle - 'Tis the Season?

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

Earnings Season Kicks into High Gear - Be Prepared to Profit

by John Hopkins

Earnings season began in earnest last week, with major financial companies being rewarded and helping to lead the market higher. It's one of four time periods during the year when publicly traded companies share their earnings results so that investors can get a sense of the financial health of each company. The response to each earnings report can be quite different. For example, Goldman Sachs  Read More

Utilities Sector (XLU) Lights Up a New PMO BUY Signal

by Erin Swenlin

Sector rotation continues to favor the defensive sectors of Health Care, Consumer Staples, Real Estate and Utilities. Some of the more aggressive sectors are perking up now, with Financials actually making the biggest gain of the past month. Utilities in that same timeframe haven't done so much, but, in the short term, they are starting to look bullish. Here's the Sector Summary for the  Read More

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Weekly Market Review & Outlook (with video) - A One Legged Chair

by Arthur Hill

Finance Does the Heavy Lifting. One out of Four is Not Enough. New Highs Remain Subdued. Majority of Stocks in Long-term Downtrends. The Lone Breadth Thrust. Bear Market Environments. Strength Outside of U.S. Stocks. Separating the Contenders from the Pretenders. Growth Stocks with Strong Charts. Finance Does the Heavy Lifting Stocks extended the big rebound with more  Read More

Canadian Market Review 2019-01-17

by Greg Schnell

The Canadian market has been soaring as of late; the upward move has been very broad, with all the sectors participating. Oil, Railways, Banks, Industrial Metals, Financials, Utilities, Pipelines - it's been a great move and it looks set to continue. Enbridge is breaking out to new 52-week highs this week, TransCanada is making a big move this week and Pembina Pipeline is surging with  Read More

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JANUARY STOCK REBOUND CONTINUES -- STOCK INDEXES HAVE CLEARED THEIR 50-DAY MOVING AVERAGES

by John Murphy

MAJOR U.S. STOCK INDEXES NEAR TEST OF OVERHEAD RESISTANCE All major U.S. stock indexes have exceeded their 50-day averages (blue lines). That still leaves their 200-day averages to contain the rally. But there are a couple of other resistance lines that still need to be tested. Chart 1 shows the Dow Industrials nearing a test of their 200-day average (red arrow). In  Read More

Can The Deere Start Running Again?

by Greg Schnell

There's been a nice surge in the Commercial Vehicles group over the past month. One of the leaders in the group is Deere & Co. (DE) which outperformed all of 2017 and consolidated through 2018. This week's price action on Deere looks like the highest weekly close in 9 months - and there are a few other technical clues that suggest there is more to come.  In November 2016, Deere  Read More

The Ultimate Test For The Bears Is Here

by Tom Bowley

Market Recap for Thursday, January 17, 2019 Word that the U.S. would ease Chinese tariffs as negotiations wear on helped to reduce stock market stress and resulted in an intraday surge in U.S. equity prices on Thursday afternoon.  Quick profit taking followed, but strength resumed into the close as our major indices all finished higher, led by the Russell 2000's 0.86% advance.  All 11  Read More

1/17 MWL Recap: Julius de Kempenaer on RRG Look at SPY & IEF - Agree or Disagree ($DJUSSC)

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

SPY Arrived In "Trouble Territory"

by Julius de Kempenaer

After the sharp sell-off in Q4 of last year, the market (SPY) started to recover from its lows near 235. And IMHO it is still a "recovery" before turning down again as opposed to a "turnaround" back up. This weekly chart above clearly shows that the rhythm of lower highs followed by lower lows is still in play and for a turnaround to become a possibility we need, at the minimum a first  Read More

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A Five Step Bearish Setup for ABC

by Arthur Hill

AmerisourceBergen (ABC) started the day strong and rose with the broader market, but turned south in the afternoon and formed a bearish engulfing. This bearish candlestick reversal looks especially ominous because it formed near the minimum retracement and with the Commodity Channel Index (CCI) overbought. The chart shows ABC breaking down with a sharp decline in December and recording 52-week  Read More

How This Organized Process Will Maximize Your Investing Analysis - ChartPack Update #22 (Q4, 2018)

by Gatis Roze

Yes - since 2013, our ChartPack user community has suggested thousands of powerful improvements to our quarterly presentation of ChartLists. Over these six years, StockCharts.com has grown mightily and many new members are not entirely clear what the Tensile  Read More

Bear Markets and Drawdowns - 2

by Greg Morris

This is a continuation of the previous article.  The Dow Jones Industrial Average, also referred to as The Dow by the financial media, is a price-weighted measure of 30 U.S. blue-chip companies. The Dow covers all industries with the exception of transportation and utilities, which are covered  Read More

Solid Earnings Lift Financials, Wall Street

by Tom Bowley

Market Recap for Wednesday, January 16, 2019 Late-day selling cut into some of Wall Street's gains, but the bear market rally continued.  It's left many wondering whether we're still in a bear market.  The technical answer to that question is yes, we're in a bear market until we see a rally of 20%.  The S&P 500 has rallied close to 12% off the bottom, so there's still a long  Read More

Jack Bogle Reveals Investing Secrets in Tell-All Book - part 2

by Brian Livingston

Bogle's new book, Stay the Course, reveals one little thing individual investors do that costs them one-third of their return - but is easily prevented. • A difference between the trading of investors in traditional index mutual funds and that of investors in the flashier index exchange-traded funds (ETFs) explains a lot about the varying amounts both groups end up putting in their pockets. •  Read More

Long Tail And Strong RRG-Heading For IRM

by Julius de Kempenaer

The Relative Rotation Graph above highlights the rotation of IRM (Iron Mountain Inc.) in comparison to the other stocks in the S&P Real-Estate sector (XLRE). The sector itself is interesting to keep an eye on as it is positioned well inside the leading quadrant but rolling over, at high JdK RS-Ratio levels, on the  Read More

DP Alert: Short-Term Indicators and Mature Rising Wedge Suggest a Downturn

by Erin Swenlin

Right now, our short-term indicators (and even our climactic ones) are suggesting decline. The rising wedge formation on the SPX is quite bearish, but I also see it as being "mature." This means that price is getting very close to the apex of the wedge. I'll explain more in the section on stocks below. The DP Scoreboards are short-term positive as far as price trend and momentum, but our DP  Read More

1/16 MWL Recap: David Keller on "Analyzing Our Appetite for Anchoring" - Technical Scans

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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FINANCIAL STOCKS LEAD MARKET HIGHER -- OVERSOLD READINGS SUPPORT A RALLY

by John Murphy

FINANCIAL SPDR CLEARS 50-DAY AVERAGE After months of poor absolute and relative performance, financial stocks are starting to show some upside leadership. The daily bars in Chart 1 show the Financial Sector SPDR (XLF) gapping higher today and trading above its 50-day moving average (blue circle). That would be enough to turn its short-term trend higher. In addition  Read More

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Big Sectors Drive Short-term Breakout in SPY

by Arthur Hill

Stocks Bid to Extend Higher. SPY Enters the Prior Consolidation. Big Sectors Join the Breakout Parade. The S&P 500 SPDR (SPY) and several sector SPDRs broke out of short-term consolidations in a bid to extend the upswing that began on December 26th. While I remain in the bearish camp long-term (weekly S&P 500 chart), the short-term trend is clearly up. Today I will focus on the  Read More

10 S&P 500 Stocks That Seasonally Outperform From February Through April

by Tom Bowley

Market Recap for Tuesday, January 15, 2019 We saw an across-the-board advance led by healthcare (XLV, +1.80%), communication services (XLC, +1.66%) and technology (XLK, +1.51%).  All of our major indices jumped as NASDAQ shares soared by 1.71%.  The S&P 500 rose 1.07%.  After a slow start, the small cap Russell 2000 played "catch up" and winded up gaining 0.87%, while  Read More

Palo Alto Networks Breaks from the Pack

by Arthur Hill

Most stocks have struggled since November, but Palo Alto Networks managed to reverse at a key area and break above a resistance zone. The chart below shows PANW with weekly bars over the last 3 years. The stock broke to new highs in February 2018 and more than doubled from spring 2017 to autumn 2018. Notice how the stock recorded numerous 52-week highs from January to August 2018. Stocks  Read More

And the Winning Sector is....

by Erin Swenlin

I decided to review the Sector Summary, Sector CandleGlance Charts and our DP Sector Scoreboard to see which sector(s) were "winners." In all honesty, depending on the timeframe, various sectors rein supreme. However, there is one particular sector that has performed well across all timeframes. Let's start with the DP Sector Scoreboard, where we can see the intermediate- and long-term  Read More

1/15 MWL Recap: "identifying Market Tops and Bottoms" by Tom Bowley - 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

The Science Of Going Higher

by Greg Schnell

Edwards LifeScience (EW) had a big move this week - having been inside a trading range for most of 2018, EW is now testing the top of the consolidation. I have omitted the few days it experienced above the range as the stock gapped up, went on a euphoric surge and then gapped lower, quickly putting it back inside the range. The stock was ultimately up 20% last year, even though  Read More

Forget the Price and Anchor to the Trend

by David Keller

Anchoring is a behavioral phenomenon wherein we, as people, lock in to a specific reference point that then affects our subsequent decisions. When I taught technical analysis at Brandeis University, I asked one group of students to tell me where the S&P 500 would be at the end of  Read More

Banks Rally On Citigroup's Results, But Likely To Struggle Today With JP Morgan's

by Tom Bowley

Market Recap for Monday, January 14, 2019 The losses on Monday were not huge, but there did seem to be selling in most areas of the market.  10 of 11 sectors finished lower as financials (XLF, +0.69%) was the only sector to finish in positive territory.  That sector's strength likely resulted simply from relief - relief that Citigroup (C) didn't warn about 2019.  All of our  Read More

Jack Bogle Reveals Investing Secrets in Tell-All Book

by Brian Livingston

John C. Bogle - known to all as 'Jack' - has been advocating the simplest portfolio strategies for decades. Surprise! They've outperformed the S&P 500. • In the last book he says he'll ever write in his lifetime, the legendary index-fund pioneer lets fly with some scathing but profitable revelations about mutual funds, ETFs, and the colorful cast of characters who made them all come to life  Read More

1/14 MWL Recap: Monday Setups - Earnings 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

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Market Hits Resistance, So What's Next?

by Martin Pring

Averages Reach Resistance Selected Emerging Markets Starting to Look Interesting Last week, I wrote that, while my view on the primary trend remained bearish, I thought the lows established a couple of weeks or so ago stood a good chance of holding for a while. That view was based on a deeply oversold condition and widespread caution, both of which suggested that the pendulum had swung too far  Read More

Coca-Cola Loses Some Fizz

by Arthur Hill

Stocks surged over the last 12 days with the S&P 500 gaining over 10% and moving above its late December high. Coca-Cola (KO) was leading the market with a new high in November, but did not partake in the broad market rally here in January. SPY is up around 3.63% year-to-date, but KO is flat for the year. Moreover, a bearish continuation pattern is forming on the chart. The price chart  Read More