The cryptocurrency space has had its share of challenges, but Coinbase (COIN) looks like it may be setting itself apart from the pack, especially after its last earnings report on November 2. COIN’s stock price is up over 200% this year and it made it to the top position in the StockCharts Technical Rank (SCTR) score. CHART 1: STOCKCHARTS TECHNICAL RANKING (SCTR). COIN made it to #1 position in the Top 10, Large Cap category.Chart...
It’s the end of the month, which means it’s time for me to take a look at the seasonal behavior for the S&P 500 and its sectors on this episode of StockCharts TV’s Sector Spotlight. Is there is any alignment between historical and actual rotations? That proves to be difficult to assess, but, by switching between daily and weekly rotations on Relative Rotation Graphs, we can see that some sectors are popping up with potentially interesting...
Over the weekend, I covered small caps, retail, semiconductors and transportation. The conclusion was that “If you put these four charts all together, we get a reunion that is filled with the makings of a family breakdown. While Granny XRT and Sister Semiconductors SMH give us investors reasons to feel good about gorging ourselves, the rest of the Family (IWM & IYT) remind us not to eat what we cannot digest.” Today, we cover 2...
In this week’s edition of The DecisionPoint Trading Room, Erin flies solo today and gives everyone a refresher course on how to expertly time your entries and exits for trades, using the 5-minute candlestick chart. She covers the market in general, followed by analysis of sectors of interest (Energy, Consumer Discretionary, Materials and Technology) and reading the pulse of Dollar, Yields, Gold, Gold Miners, Bitcoin, Oil and more. This video was originally recorded on November...
In this edition of StockCharts TV‘s The Final Bar, Dave devotes the show to the Mailbag. He answers viewer questions about the impact of the US Dollar on the stock market, why he uses the S&P 500 ETF rather than the S&P Index for relative strength, his preferred Advance-Decline indicators for confirming uptrends, and how to use the Fibonacci sequence to find pivot points in a stock’s price. This video originally premiered on November 27, 2023. Watch...
A recent article on the Business Insider site reported a set of Death Cross/Golden Cross signals on the Dow Jones Industrial Average ($INDU). Specifically, on November 13 the 50-day moving average crossed down through the 200-day moving average, commonly called a Death Cross. Two days later the 50-day moving average crossed back up through the 200-day moving average, commonly called a Golden Cross. I was surprised by this claim because I follow the Dow and...
The equity markets consolidated throughout the week. While staying in a narrow range and trading sideways for almost all days of the week, the Indices stayed devoid of any directional trend. Following strong weekly gains of over 1.58% in the week before this one, the NIFTY chose to remain in a defined range; the trading range got narrower and the Nifty oscillated in the 204.65 points range while defending the most immediate support of the...
We can use sentiment indicators for a lot of purposes. I routinely follow the 5-day SMA of the equity only put call ratio ($CPCE) to help spot short- to intermediate-term bottoms. It’s not quite so effective at calling market tops, but it does work in that regard many times as well. When I go out on a limb to call major market bottoms, my CPCE work is usually one piece of my analysis in putting...
The percentage of stocks in long-term uptrends rebounded sharply in November and returned to the highs from late August and early September. This rebound is impressive, but the absolute levels are still not that inspiring. We need to see participation breakouts and higher participation levels to get the broad bull market back. The chart below shows the percentage of stocks above the 200-day SMA for the S&P 500, Nasdaq 100, S&P MidCap 400 and S&P...
In this week’s edition of Moxie Indicator Minutes, TG notes that the markets are deciding to hang on tight to their upper levels over the holiday week. He thinks we still need a pullback, but perhaps it will be more of a flag. Either way, initiating long trades right here and now is not ideal, so he argues that it’s time be patient, waiting for dips to show up and provide buying opportunities. This video...
