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. We updated this chart from yesterday. The…
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After recent price cuts and low expectations of only $.85 per share or a 20% drop since a year ago, many eyes will watch Tesla (TSLA) after the close. Tesla,…
On this episode of StockCharts TV’s Sector Spotlight, I evaluate the current state of the Sector Rotation Model. Each quarter, I take the elements of the Model, as described by Sam…
Over the weekend, we covered the weekly charts of the Economic Modern Family. And… Given that yields begin this week higher. Given that earnings season kicks into gear with banks,…
If you plan on running up that hill, a pair of Nikes (NKE) could be the right fit for the task. But now, Nike is tackling a similar scenario, running…
In this week’s edition of StockCharts TV‘s Halftime, Pete takes a look at the Chaikin system, along with StockCharts tools, to make sense of what’s happening in the markets this week. A…
How is the overall stock market looking as of the end of last week? Let’s take a look at the GoNoGo Asset map below. Equities remain in the “Go” trend…
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As Fed Plays with Fire, Focus on Strength, Ignore Intraday Volatility, and Expect the Unexpected
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There is only one way to survive this market. Focus on strength. Ignore the intraday volatility. And always expect the unexpected. The stock market remains in a stubborn trading pattern,…
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Week Ahead: Markets Stare At Imminent Consolidation At Higher Levels; Avoid Mindless Chase of the Upmove
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The Indian equity markets extended their gains for the third week in a row; however, they have ended up getting a bit over-extended on the charts. All four trading sessions…
There are plenty of reversing patterns in technical analysis, but my personal favorite is the combination of a weekly positive divergence and a bottoming head & shoulders pattern. The positive…