Wall Street to Jerome Powell: We don’t believe you
Do you want the good news about the Federal Reserve and its chairman, Jerome Powell; the other good news; or the bad news? Let’s start with the first bit of good news. Powell and his fellow monetary-policy-committee members just lifted short-term interest rates another quarter of a percentage point to 4.75%, which means retirees and […]
Opinion: Market pros are so happy about stocks right now, you have to wonder if they’re too bullish
There’s an old saw about how if you lay all the world’s economists end to end, they still won’t point in any one direction or reach a conclusion.There’s no such adage about market technicians, but in the past six weeks it appears that the diehard group of technical analysts have all reached the same eventuality, […]
Week Ahead: Markets Approaches Union Budget In A Bruised State; Expect Volatility To Remain High | Analyzing India
As the week came to an end, the equity markets left behind a very eventful week. Two important events were expected to infuse volatility into the markets. The first one was the Union Budget; this event is one of the most major external domestic events that the markets react to. The other one was the […]
Growth Stocks Roar Into The New Year. This FAANMG Stock Is Poised To Go Higher | The MEM Edge
The Nasdaq just booked its 5th consecutive weekly gain which is the longest winning streak in over a year. The rally has occurred amid strong earnings reports from some major tech companies. Also driving this Index higher is bottom fishing among investors looking for quality Software and Retail stocks that were crushed during a period […]
New Dow Theory Declares Bullish Phase | The Mindful Investor
While the technical analysis toolkit has certainly evolved over time, having benefitted from advances in computing and data analysis, in many ways, the tools of the modern technical analyst are not far from the original work of Charles Dow in the early 20th century. But an updated version of his classic “Dow Theory” suggests that […]
Stock Market Stuck with a Plethora of Mixed Signals | Mish’s Market Minute
If you are having a hard time figuring out the market’s next moves, start by thinking about trading range. The 2023 Outlook spells out reasons for a 1000-point trading range potential in the SPY from 3200-4200. We are adding that the NASDAQ 100, through QQQ, can head to 330 before topping out, then just as […]
MEM TV: Major Market Shift After Fed Comments | The MEM Edge
About the author: Mary Ellen McGonagle is a professional investing consultant and the president of MEM Investment Research. After eight years of working on Wall Street, Ms. McGonagle left to become a skilled stock analyst, working with William O’Neill in identifying healthy stocks with potential to take off. She has worked with clients that span […]
New Industry Group Golden Cross Indexes and Silver Cross Indexes | DecisionPoint
We have begun collecting Silver Cross Index and Golden Cross Index data for four new industry groups, and StockCharts.com back-calculated data for two years: Biotechnology (IBB), Regional Banking (KRE), Retail (XRT), and Semiconductors (SMH). First let’s cover what the Golden/Silver Cross Indexes are: The Golden Cross Index (GCI) shows the percentage of stocks on LT […]
How to Find the Market’s Strongest Stocks in Just Four Clicks! | StockCharts In Focus
On this week’s edition of StockCharts TV’s StockCharts in Focus, Grayson shows how to combine the Sector Summary tool with SCTRs (StockCharts Technical Rank) to find the market’s strongest stocks in just four clicks. By drilling into the strongest sectors and then the strongest industry groups within, you can quickly find a list of promising stocks in […]
The Market Liked FOMC | Moxie Indicator Minutes
Whether its a short squeeze or more buying, the market went up a few minutes after Jerome Powell started speaking today. Yes, there might be really negative economic data coming sometime in the future. But we don’t know how much of that the market has already priced in, and it might take time for it […]