If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of glory in 2021, when the stock…
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On this episode of StockCharts TV’s Sector Spotlight, I review the monthly charts for January 2024, in combination with the Relative Rotation on the Monthly RRGs for asset classes and sectors.…
After topping Wall Street’s earnings and revenue expectations on Tuesday, Eli Lilly & Co (LLY) shot up 5% from the prior day’s close, only to see its gains evaporate mid-day.…
In this edition of StockCharts TV‘s The Final Bar, Dave speaks to weakening short-term breadth conditions as the McClellan Oscillator rotates to a bearish level this week. Guest Dave Landry of DaveLandry.com…
Recent Power Charting episodes have been devoted to the classic technique of chart reading innovated by Richard D. Wyckoff. He referred to the method as ‘Tape Reading’ while it is…
In this edition of StockCharts TV‘s The Final Bar, Dave breaks down the latest market activity and shares pro tips on the new StockCharts product release. He dives into the charts and…
The market rally last week was very narrow, driven mainly by large gains in communication services stocks like Meta. Many technical indicators are showing negative divergences. The broader market struggled.…
Nearly two weeks ago, I was discussing in our FREE EB Digest newsletter why I felt Alphabet (GOOGL) was poised for a decline after earnings. It was continuing to push…
I’ve been bullish for nearly two years now. Bullish rotation and Wall Street manipulation started the latest leg of this SECULAR bull market back in June 2022. If you follow…
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Generals March On, but Fewer Troops are Following – Get the Essential Breadth Indicator ChartList
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Divergences reflect a disconnect between price and the indicator. A bearish divergence forms when price forges a higher high and the indicator fails to confirm this high. In the case…