In the second half of 2022, the price chart for XLY started to form a falling wedge pattern. This pattern or formation is characterized by two converging trendlines, BOTH moving…
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SPX Monitoring Purposes: Sold long SPX 1/27/23 at 4070.56 = Gain 6.51%; Long on 12/20/22 at 3821.62. The top window is the cumulative GDX Up Down Volume percent with a…
Gain insight into the Fed’s interest rate decision and explore how you can strategize your trades in the future. CHARTWATCHERS KEY POINTS The Fed raises interest rates by 25 basis…
By the time you read this, the buzz of what the Fed did and Powell’s presser will be over… at least for the day. We will not repeat the obvious.…
In this week’s edition of Trading Simplified, Dave jumps right into his “Mind The Trade” segment with a discussion on how markets really work. He then explains how embracing your own…
On Monday, the Daily covered some of the warning signs, particularly in the Regional Banks and Transportation sectors. We ended the Daily by writing this: “Transportation and Regional Banks make up…
“As the S&P 500 goes in January, so goes the year.” If you’re a Stock Trader’s Almanac reader, you’ll be familiar with this adage. According to the Almanac, since 1950,…
In this episode of StockCharts TV’s Sector Spotlight, I address the current state of asset class rotation, then move on to sector rotation. I divide the market in three groups —…
Nearly every member of Mish’s Modern Family improved last week, with the Russell 2000 (IWM), Transportation (IYT), Semiconductors (SMH), and Retail (XRT) all putting in Golden Crosses on their daily charts. Except…
In this week’s edition of StockCharts TV‘s Halftime, using a different perspective than last week, Pete reviews some sectors today that include names with bullish changes over the last week. He also…