Stocks

The Fed raised rates by 25 bps. The decision was unanimous. The terminal rate projection is unchanged at 5.1%. The FOMC statement modifies guidance: “The committee anticipates that some additional policy firming may be appropriate.” My first tweet @marketminute this morning before the market opened: @marketminute: I feel pretty certain Powell goes 25. Announces theyre willing to keep raising at that rate as jobs strong, economy ok & banks arent in a credit crisis. However, as...

All trades, no matter how well thought out, have the potential to end in a loss. Therefore, we must manage our expectations and be willing to accept risk and fear as part of the trading process. In this week’s edition of Trading Simplified, Dave discusses ways to deal with these inescapable neurological and psychological aspects of trading. He also discusses how current less-than-ideal current conditions could be contributing to your angst. For the “Methodology In Action,”...

SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The market is a little messy, but I’ll do my best to make it clear for you. The top window is the SPY. We posted the TRIN close (first #) and TICK close (second #) on the days they reached panic levels. The light-shaded pink areas are where the majority of panic TICK and...

The end is at hand. Bears, just surrender now. Since the mid-June low (where I called the S&P 500 bottom), we’ve seen the fed funds rate jump from 1.00% to 4.75%. Of course, all we’ve heard since then is what? Don’t Fight The Fed Well, since that first 75 basis point hike on June 16th, the S&P 500 is UP, not down. We’ve had four 75-basis point hikes, two 50-basis point hikes, and two 25-basis...

The market buzz can be quite contagious. “Market didn’t collapse on the bank news-must be bullish.””Yellen will save the day buy making sure depositors are safe.”Yellen herself: “We have an economy that is performing very well.” And of course, we all know that tomorrow is the big FOMC day — .25% to a pause on the table. Meanwhile, far away but not SO far away, we have the bromance between Putin and Xi. And they...

In this episode of StockCharts TV’s Sector Spotlight, I talk you through my assessment of what’s going on in terms of sector rotation and how that connects with my observations of the S&P 500 chart. Following that assessment of current market behavior, I then go a little outside the scope of the show to address how umpiring field hockey games at the highest level in the Netherlands introduced me to the concept of the “ladder of...

Where is the market finding joy? Is it here, in the Russell 2000 (IWM)? Let’s check out the weekly chart. The 50-week moving average just crossed below the 200-week moving average. That is bearish. The Leadership Indicators shows IWM well underperforming the SPY; also bearish. The Real Motion Momentum Indicator is in a bearish phase at the moment as well, albeit with some signs of oversold conditions. This weekend’s Outlook pointed out that “There are...

On this week’s edition of The DecisionPoint Trading Room, Carl opens the trading room discussing why DecisionPoint.com uses ETFs for signal changes versus actual Index readings. He also explains how the Price Momentum Oscillator (PMO) has different meanings when it is above or below the zero line. The PMO can also be used for relative strength. Erin dives into Technology (XLK) and Utilities (XLU), with the spotlight on Semiconductors. This video was originally recorded on...

In this week’s edition of StockCharts TV‘s Halftime, Pete discusses the noise that’s been driving the markets, starting with Silver Gate and moving in to speculation on Silicon Valley and Signature banks. Although he can’t believe it, he talks about the idea of Technology becoming a safe haven in this murky, dark, storm that we’re seeing in the banking headlines. As he moves into the charts, he discusses the perk up in defensives, and shares some charts...

It’s going to be a nailbiter for the next few day. The situation for stocks seems to be getting worse by the day as the Federal Reserve and the FDIC scramble to “reassure” depositors that their money is safe, despite a growing list of banks joining the ranks of the insolvent and the potentially insolvent. The longer Mr. Powell waits to restart QE, the worse things will get. My stance on the market’s liquidity is...