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Keeping Up With The Jones – How Weakness in This Index May Foretell a Broader Market Correction

The Dow Jones Industrial Average fell 2.4% last week in a move that pushes this index further below its key 50-day simple moving average. While not the most widely followed index, the Dow has continued to evolve so that its 30 components more closely represent the current economy. Amazon’s (AMZN) inclusion at the end of February is the latest modification, where it joins Apple (AAPL), Microsoft (MSFT), and Salesforce (CRM) to name just a few...

S&P 500 Flashes Major Topping Signals

Toward the bottom of my Mindful Investor LIVE ChartList, there is a series of charts that rarely generate signals. So why would I include things like the Hindenburg Omen and Coppock Curve, which are usually a nonfactor during my regular chart review, in my main list of macro charts? Because I’ve learned that when these rare signals do actually occur, it’s best to pay attention! As I checked in on the markets this week during...

Stay Ahead of the Markets with AUTOMATED Portfolio Reports

Staying on top of your portfolio in a fast-moving market can be a challenge. On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson shows you how to make things easier on yourself with automated ChartList Reports for your portfolio. You’ll learn how to create a list full of the stocks, ETFs, and other securities you own, then turn on end-of-day or end-of-week performance reports that get sent to you automatically after the close. This is...

MEM TV: Time To SELL EVERYTHING?!

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen shares key signals that it’s time to sell a stock, using INTC as an example. She also reviews a key area of support for the markets, and new sectors that have entered a downtrend. She finishes up by showing how to compose a watchlist of names that can be bought once market pressures recede. This video originally premiered April 12, 2024. Click here or on the...

Stock Market Indexes Plunge After Hitting Resistance — Support Levels You Need to Watch

Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run? Well, after a few months singing the monotone “up, up, up” tune, the stock market has mixed things up a little. Now you hear “up, down, up, down.” Why the Change? A hotter-than-expected CPI number sent the stock market into a selling frenzy, but the PPI, which came in slightly lower than estimates, reversed...

Using Outsized Moves to Identify Trend Reversals – Checking in on Housing and Semis

Trends often start with outsized moves. But how do we measure and identify such moves? Chartists can measure moves in Average True Range (ATR) terms using the ATR Trailing Stop SAR indicator (ATR-SAR). ATR is a volatility indicator developed by Welles Wilder. For example, a 4 ATR advance off a low would signal an outsized move that could jumpstart an uptrend. Conversely, a 4 ATR decline off a high would signal an outsized move that...

From Relic to Reckoning: Can Gold Surge to $3,000?

The strange thing about gold is that it’s always a relic… until it isn’t. And when it isn’t, everyone swears it’s always been an alternative currency (why would anyone have thought it was a relic in the first place?). It’s a relic or “sound money” reckoning, as the yellow metal’s surge—notching a record-high of $2395.60—stunned non-believing investors and even die-hard gold bugs. Here’s the thing: some analysts are saying this record high is not the...

RRG Indicates That non-Mega Cap Technology Stocks Are Improving

A Sector Rotation Summary A quick assessment of current sector rotation on the weekly Relative Rotation Graph: XLB: Still on a strong trajectory inside the improving quadrant and heading for leading. The upward break of overhead resistance on the price chart seems to be stalling at the moment, which could cause its relative strength compared to the S&P 500 to slow down. Overall, the trend, both in terms of price and relative, is still up....

Master Market Entry with This RSI Strategy!

On this week’s edition of Stock Talk with Joe Rabil, Joe explains how to use the RSI along with the MACD and ADX indicators. RSI is used as a timing tool when things are lined up. Joe goes through some of the key elements he looks for when identifying what he calls a “home run fat pitch.” Joe then covers stock requests for Uber, Nvidia, and PayPal. This video was originally published on April 11,...

Market Research and Analysis – Part 5: Drawdown Analysis

While the world of finance believes risk is measured by volatility (standard deviation), it is my belief that loss of capital is risk, and not volatility. In Figure 11.1, example A ends where it begins with zero gain or loss, yet modern finance says it is risky because it is volatile. Example B shows the end price lower than the beginning price, so it shows a loss; modern finance, in this instance, would say there is...