The only two sectors to close higher on Wednesday were in the defensive category, Consumer Staples (XLP) and Utilities (XLU). We have already been watching XLP as it has established…
Category:
Stock
In this edition of StockCharts TV‘s The Final Bar, guest Mary Ellen McGonagle of MEM Investment Research shares three stocks showing promise during a period of severe market distribution. Dave focuses in…
When Microsoft (MSFT) reported earnings last July, it topped earnings and revenue expectations yet got toppled by the company’s guidance for the quarter reported today (Tuesday). Fears of a worsening…
First off, we are heading out of town to New York where I will be visiting in studio several media channels and hosts. Then, we are off to Orlando for…
Stock
Google Stock Expectations In the Spotlight: Will Earnings Results Exceed Expectations?
by
0 comment
Big tech earnings week kicks off with Google parent Alphabet, Inc. (GOOGL) reporting on Tuesday after the close. More recently, the AI boom has been the biggest driver of the…
SPX Monitoring purposes: Sold SPX Oct. 18, 2023, at 4314.60 gain 0.35%; Long SPX Sept. 28, 2023 at 4299.70. Gain since Dec 20, 2022 = 16.30%. Monitoring purposes GOLD: Long…
Monday, after a lot of spooky headlines, the SPDR S&P 500 ETF (SPY) touched its 23-month moving average (MA) or the two-year biz cycle breakout point right around 417. Plus,…
Over the past six trading days, NVDA has fallen from a high of 476.09 to Friday’s low of 410.78. That’s a drop of 65.31, or nearly 14%, in just over…
Stock
Bearish Triad: Stock Market Indexes and Market Breadth Test Important Support Level; VIX Above 20
by
0 comment
I’ve been looking for the market to bottom for several weeks. But the trading environment has shifted to a new gear; a cautionary one. On the other hand, this sudden…
I’ve been watching the Volatility Index ($VIX) for years and it provides us a number of very important signals. One of those signals is BE CAREFUL when the VIX moves…