Week Ahead: Positive Start To Nifty Expected; Muted Dollar Index May Benefit These Sectors | Analyzing India
The equity markets have entered into the new year on a back foot and stayed choppy as well. In the previous technical note, it was mentioned that so long as the NIFTY stayed below its crucial resistance zone of 18300-18600 levels, it will stay in a trading zone that it has created for itself. The […]
Bulls Hold the Line – What Comes Next? | Top Advisors Corner
We’re through the first week of January and, even though the bulls don’t have that much to brag about yet, they did manage to hold the line, with the market staging a nice rally into Friday’s close. In fact, as you can see below, the S&P closed back above its 20 day moving average for […]
MEM TV: Has a New Bear Market Begun?
In this episode of StockCharts TV’s The MEM Edge, Mary Ellen reviews some of the key events driving price action as we head into the New Year. She also highlights the impact of last week’s rise in interest rates, as well as key areas of support for the broader Indexes.This video was originally broadcast on January 6, […]
Exploring the Official StockCharts Mobile App | StockCharts In Focus
On this week’s edition of StockCharts TV’s StockCharts in Focus, Grayson takes you on a tour through the brand new StockCharts mobile app for iOS devices! You can now take your charts and the market anywhere with you on the go. We’ll show you the features of the mobile app and how to get started!This video was […]
Useful (Multi)Utilities | RRG Charts
From the Sector LevelOn the Relative Rotation Graph for US sectors, the tail for the Utilities sector stands out. It is relatively long compared to the other tails on the graph, which indicates that there is quite a bit of power behind the move. With the tail moving from lagging into improving and heading toward […]
Respecting the Rangebound S&P 500 | The Mindful Investor
As the great bear market of 2022 was really hitting its stride, the 3800 level came into view as a likely support level for stocks. We keyed in on that level based on Fibonacci Retracements using the March 2020 low and the January 2022 high. At the time, that seemed like an aggressive downside target, and […]
Third Week of Chop | Moxie Indicator Minutes
The market got into its sideways range starting about December 16th and is still in that zone. They say don’t short a quiet market, but it is also hard to see where strength will be coming in from. In this week’s edition of Moxie Indicator Minutes, TG explains that the VIX is set up in […]
The QQQ is Bouncing Off VERY Significant Price Support; MarketVision 2023 is TOMORROW! | Don’t Ignore This Chart!
The past three months have been torture for the Invesco QQQ Trust (QQQ), the ETF that tracks the NASDAQ 100. The large-cap stocks that dominate the QQQ performance have been breaking down one after another, and that has weighed much more heavily on the NASDAQ 100 than it has on the S&P 500 index, as […]
Is This the Look For 2023? | The Canadian Technician
I continue to look for signs this market wants to go higher, but it refuses to show me some resilience.In what can only be described as a barbell strategy, on one end, we have the safety of Utilities and Consumer Staples, which may not make a lot of money, but isn’t leaking it either. In […]
This Sentiment Signal Is Solid And Says We Could Soar Short-Term | Trading Places with Tom Bowley
Late yesterday afternoon, I sent out a quick update to our EarningsBeats.com members, suggesting that we could see a sudden surge higher in equities. A bullish signal emerged in the Volatility Index ($VIX), one that doesn’t appear very often. Typically, the S&P 500 and VIX move inversely to one another, but when they move in […]