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3/18 MWL Recap: Monday Setups - John Hopkins' Earnings Spotlight - DP 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

TCS: Likely Shift Of Action To IT Pack May See This Stock Relatively Out-perform

by Milan Vaishnav

The IT Pack remains firmly placed in the leading quadrant of Relative Rotation Graph (RRG) when bench-marked against the broader CNX500 index, but the IT index has relatively under-performed the front-line NIFTY over past couple of days. With the NIFTY likely to take some breather in consolidate over coming days, there is a possible shift of action which will see some IT stocks relatively  Read More

Here's A Gem In Apparel Retail

by Tom Bowley

Market Recap for Friday, March 15, 2019 It was another solid day for the bulls to close out last week.  It was also quad-witching options expiration Friday, which typically results in much-heavier-than-usual volume.  Volume was certainly heavy on Friday.  Leadership was found in the aggressive NASDAQ, which jumped 0.76%.  The Dow Jones and S&P 500 followed with gains of  Read More

Amazon Makes a Threat

by Arthur Hill

Amazon is lagging the Nasdaq 100 ETF (QQQ) and the broader market over the last two months because it has yet to clear its January high and remains below the 200-day SMA. This is part of the reason the Invesco Momentum ETF (SPMO) is underperforming the Invesco Minimum Volatility ETF (SPMV). AMZN accounts for 8% of SPMO. Also keep in mind that Amazon accounts for a whopping 22.73% of the  Read More

Canadian Market Review 2019-03-15

by Greg Schnell

The $TSX continues to inch higher week after week, suggesting that my caution in February was unwarranted. However, this week marks options expiration, as I mentioned early in the month. While the US market seems to find these dates important, the Canadian market finds them definitely important. June 2017 - Market consolidates sideways after a gentle drift lower  Read More

Weekly Market Review 2019-03-16 Industrials Under Fire

by Greg Schnell

This week, the US Dollar lost 1.5 cents after making a new high last week. This resulted in most commodities turning up on the week. For sector movers, Technology stocks continue to be bought, while Utilities and other defensives performed well this week. That is a marked change from the performance off of the December lows. The chart below is for one week and is the  Read More

The Federal Reserve Deja Vu

by Greg Schnell

As always, next week's Fed meeting will be closely watched, with chartists in particular watching it uniquely. On the chart below, the blue lines represent Federal Reserve meeting dates. Friday marked a test of the 2823 level on the $SPX. The brown line at 2823 was the closing level on the first Fed meeting of Jay Powell's role as head of the Fed. It's déjà vu all  Read More

Could The S&P 500 Fall 2.6% Every Year For 16 Straight Years?

by Tom Bowley

In a sense, it already has.  Well, maybe not 16  straight years, but play along. I've done a lot of historical stock market research over the years and several patterns really stand out.  But one in particular always keeps me on edge as a short-term trader.  The week after options expiration generally is not good.  Over the past 7 decades, here is the  Read More

Real Estate Now Leading On Asset Class- And Sector RRGs

by Julius de Kempenaer

This Relative Rotation Graph shows the rotation for asset classes over the past 9 weeks. The main observation is that fixed income related asset classes are all inside weakening and heading, rapidly, towards lagging. SPY (stocks) is close to returning into the leading quadrant. The strongest rotation at the moment, Leading-Weakening-Leading, is now shown by Real Estate. This is interesting  Read More

Party Like it's 1999

by Arthur Hill

Anyone recognize these two phones? A good old indestructible Nokia candy bar was the first phone for many of us. I had a few Nokia cellphones over the years and they always worked great, back in the day. And, we all remember the Nokia ring tone, which was the most played tune in the world as late as 2009. You can hear it about four and a half minutes into this Ted talk (  Read More

Time To Place Prudence Before Greed in the Coming Week

by Milan Vaishnav

Over the past week, the market performed in striking contrast to what had been expected. For nearly 15 weeks, the markets were consolidating near their 50-Week MA and, last week, were showing signs of further impending consolidation. In spite of this, the markets ended up putting up a very strong show last week; the headline index piled up strong gains, ending the week with net gain  Read More

Tech-Dominated Nasdaq Leads Market Higher -- The Nasdaq and S&P 500 are Clearing Their November Highs

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, March 15th at 2:58pm ET. Just a week after slipping below their 200-day averages, the Nasdaq Composite Index in Chart 1 and the S&P 500 in Chart 2 appear to be ending  Read More

Unofficially a Bull -- PMO BUY Signals Appear on OEX and NDX

by Erin Swenlin

I have a chart at the bottom of this article that will explain my moving out of the bear market camp. Yes, it is delayed, but, as I explained before the December crash, I'd rather miss a bottom and rally than be hanging on for dear life during a quick and painful decline. More BUY signals are appearing on the DecisionPoint Scoreboards. Today, two new PMO BUY signals were triggered  Read More

DP WEEKLY WRAP: Short-Term Top Soon?

by Carl Swenlin

At the end of last week I was looking forward to some more selling to extend the decline that had started from the March 4 top. But no. Price rebounded off last Friday's low, eventually setting a new high for the rally off the December lows. However, on Friday we got a signal that has me looking for a short-term market top very soon. The signal comes from the VIX panel on the chart below.  Read More

3/15 MWL Recap: What's Hot, What's Not - "This or That"

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 Strong Continue to Thrive

by John Hopkins

The S&P is pretty much at the same level it was back in October of last year. However, it still remains well below its all-time high of 2939, which was also achieved in October of last year. Yet there are a number of stocks at their all-time highs, reflective of strong earnings and showing how traders remain attracted to the "best of the best." As an example, take a look at the charts  Read More

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TECH-DOMINATED NASDAQ LEADS MARKET HIGHER -- THE NASDAQ AND S&P 500 ARE CLEARING THEIR NOVEMBER HIGHS

by John Murphy

NASDAQ AND S&P 500 HAVE CLEARED THEIR NOVEMBER HIGH Just a week after slipping below their 200-day averages, the Nasdaq Composite Index in Chart 1 and the S&P 500 in Chart 2 appear to be ending the week above their November highs. That's the last overhead chart barrier to overcome below last year's highs. And increases the odds that those  Read More

3/14 MWL Recap: DP Analysis of the Dow 30 - Technical Analysis Myths

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

CheckPoint Checks All The Boxes

by Greg Schnell

Check Point Software (CHKP) has been a consistently strong stock over the years. For the last 18 months, the stock has been consolidating and, as of this week, looks ready to make its next move to higher highs.  As long as the breakout holds above $120, the stock looks great. I like the higher volume showing up as the stock confirms the breakout.  Wednesday's Market Buzz  Read More

You Said It Fred: A Leading VC On The Value Of Routines, Plus An Overview Of My Weekly Checklist

by Grayson Roze

Anytime I hear a successful, well-respected figure mention the importance of routines, my ears perk up.  I firmly believe that routines (and the discipline to stick to them) are the secret to success, from investing to sports to business to music – you name it.  When I hear that same opinion reflected in the words of another, I listen closely. Last month, a blog post from  Read More

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Weekly Market Review & Outlook - Large-caps Take the Lead

by Arthur Hill

20-day Holds above 200-day for S&P 500 Weekly RSI Holds above 50. Large-caps Lead Index Breadth. Tech, Utilities and REITs Lead Sector Breadth. The Dreaded Shakeout (VRTX). Consider Position Sizing (SCWX). Consider Profit Targets (PYPL). ChartList Updates.   20-day Holds above 200-day The S&P 500 sneezed last week and broke below its 200-day SMA, but  Read More

Transports Going Along For The Ride

by Tom Bowley

Market Recap for Thursday, March 14, 2019 Thursday was a day of rest and bifurcated action.  The Dow Jones gained ground, albeit a rather miniscule 7 points, but the other major indices fell.  The Russell 2000, NASDAQ and S&P 500 dropped 0.40%, 0.16%, and 0.09%, respectively, as materials (XLB, -0.75%) struggled with a rallying dollar ($USD, +0.31%).  Energy (XLE, +0.11%)  Read More

One A In FAANG Just Turned Back towards the Leading Quadrant

by Julius de Kempenaer

The Relative Rotation Graph shows the FAANG stocks against $NDX on a daily basis. The strong move of GOOG is evident and tracks the recent break of resistance. Out of these five stocks, four are at the right-hand side of the graph, indicating a relative uptrend against the Nasdaq 100 index. NFLX is the only one on the left and inside the lagging quadrant, moving deeper into it at an  Read More

Earnings Could Send ULTA Flying

by Tom Bowley

Market Recap for Wednesday, March 13, 2019 It was another strong day on Wall Street.  All 11 sectors moved higher for the second time this week.  Industrials (XLI, +0.88%) represent the only sector to have posted a daily loss this week.  The other 10 sectors have shown gains all three days.  Wide participation to the upside is a strong indication of renewed market strength  Read More

MINDTREE.in: Looking To Edge Higher

by Milan Vaishnav

MindTree Limited's stock price ended with gains of Rs. 23.20 (+2.84%) in Wednesday's session on March 14, 2019. This price move appears very important from the technical perspective, as it has thrown up several signals that point towards MINDTREE.IN inching higher over the coming days. The price has broken out from a multi-month resistance zone of 940-945. In the process, the price  Read More

Why Is It So Hard to Find Indicators That Always Work?

by Brian Livingston

It's often assumed that stock markets follow a 'normal distribution' - a bell curve - but there's nothing normal about the way stocks behave. • In any securities exchange, where the sum of the greed and fear of all traders' opinions determines the prices, there are a few big winners and many big losers in what's known as the 'free-market distribution.' Figure 1. Indicators  Read More

DP Alert: Oil (USO) and Bonds (TLT) Trigger New PMO BUY Signals

by Erin Swenlin

We have a new signal to add to the DecisionPoint Scoreboards, as the OEX triggered a Long-Term BUY signal on Monday. All of the large-cap Scoreboard indexes are now on Trend Model BUY signals in three timeframes. Additionally, we acquired two new BUY signals on Oil and Bonds, which I'll cover in the sections below. To our DP faithful, don't miss this Friday's show at 4:30p EST, where Carl and I  Read More

3/13 MWL Recap: Guest Linda Raschke - Anatomy of a Trade

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

Diodes Returns to the Trend Mean

by Arthur Hill

Diodes (DIOD), a semiconductor stock, is returning to the trend mean and this could provide a bullish setup to take part in the long-term uptrend. The chart below shows DIOD with a breakout and surge to new highs in February. Note that the stock also recorded new highs in autumn 2017, summer 2018 and now winter 2019. The long-term trend has been up for over two years. The red line marks the  Read More

Internet Goes 'Round The (RRG) World In 20 Days

by Tom Bowley

Market Recap for Tuesday, March 12, 2019 Boeing (BA, -6.15%) was once again a major drag on the Dow Jones as that index ended the session in negative territory (-0.38%), while our other indices were positive.  The NASDAQ (+0.44%) was the best performing index as 10 of 11 sectors finished higher.  Industrials (XLI, -0.83%) was negatively impacted by Boeing as well.  Aerospace  Read More

Microsoft Readies A Test For A New High

by Greg Schnell

Microsoft (MSFT) is currently up near the previous highs. This comes after a great rally to start the year. As a technician, I consider a previous high as resistance. As the next few weeks progress, it will be important to watch the charts of the strongest software companies out there  in my opinion. I want to see if investors are willing to pay more than ever before  Read More

A Disciplined Approach to Technical Analysis

by David Keller

I'll never forget the first time I did a simulated engine cutout at altitude.  I was up in the air with my instructor, preparing to do some maneuvers, when he unexpectedly reached over and pulled out the throttle. The plane lurched forward, rapidly losing altitude, while my instructor turned to me and calmly asked, "Okay, you just lost your engine. What do you do?" What do I do?!?  Read More

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Bond Prices Poised For A Major Breakout, But Will They?

by Martin Pring

Adjusted vs. Unadjusted Prices Bonds Reflect the Fine Current Balance Between Inflationary and Deflationary Forces Adjusted vs. Unadjusted Prices Chart 1 shows that the iShares 20-year Trust ETF, the TLT, has been in a trading range since late 2014. Currently, the price is above its 12-month MA and the long-term KST is bullish, meaning there is a good chance of an upside breakout. That breakout  Read More

Market Rallies But Yield Spread Continues To Hurt Banks

by Tom Bowley

Market Recap for Monday, March 11, 2019 It never hurts to have Apple, Inc. (AAPL, +3.46%) breakout and that's what happened on Monday.  It not only lifted the technology sector (XLK, +2.15%), but it provided a spark to our major indices as we experienced a "trend" day, where we opened higher and built on those opening gains all day long.  The NASDAQ leapt 2.02% to claim the top index  Read More

Residential Constructive

by Bruce Fraser

In August of 2018 we studied the Residential Construction industry group ( click here to view). This group was very weak throughout 2018. After a sharp January decline a long period of Redistribution set in. Rising interest rates during the year became a headwind for the group. In September, the  Read More

After Almost 40,000 Backtests, One Strategy Stands Out

by Brian Livingston

In a monumental achievement, backtests of 39,832 trading rules by researchers at Columbia University and Academia Sinica resulted in a big discovery. • None of the gains were statistically significant in 'mature' markets such as the Dow Jones Industrial Average and the S&P 500. But further mathematical analysis revealed a winner. Figure 1. Many are tested, but few are chosen. Illustration  Read More

3/11 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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TECHNOLOGY SECTOR LEADS TODAY'S REBOUND AND HOLDS ITS 200-DAY LINE -- SEMICONDUCTORS ARE HAVING AN EVEN STRONGER DAY

by John Murphy

TECHNOLOGY SPDR HOLDS ITS 200-DAY LINE Stocks are off to a strong start for the week. All stock sectors are in the green today led by technology, energy, communications, financials, and cyclicals. All stocks sectors are also in the green with the technology-dominated Nasdaq in the lead. The Dow Industrials shook off a early drop resulting from a plunge in Boeing, and is in the green  Read More

Are We In For An Improved Market Breadth? The Level Of 9200 Holds The Key

by Milan Vaishnav

The Indian markets saw a strong start to the week as the headline index ended with a robust gain of 132.65 points (+1.20%). With this move, the index has once again begun to attempt a breakout. This being said, over the past several weeks, the market breadth has been an area of concern, as each up move that we witnessed while the markets remained range-bound came with fractured breadth.  Read More

Seagate Rises from the Ashes

by Arthur Hill

Seagate Technology was one of the weakest tech stocks in 2018 as it fell around 40% from the April high to the October low. Things appear to be turning about here in 2019 as stock finds its footing and triggers two breakouts. The chart below shows STX with two lows in the 36 area and a double bottom pattern in play. The peaks between the lows mark resistance (red zone) and the stock broke out  Read More