Stay Ahead of GDP: 3 Charts to Become a Smarter Trader | ChartWatchers
When concerns of a recession are front and center, investors tend to pay more attention to the Gross Domestic Product (GDP) report. The Q4 2022 GDP report showed the U.S. economy grew by 2.9% in the quarter, and Wall Street wasn’t disappointed. The day the report was released, the market closed higher, with the Dow […]
Will This Be THE Break? | RRG Charts
In this week’s episode of Sector Spotlight, I looked at market breadth using two different variations of Relative Rotation Graphs. Following that show, I received an email from a user reminding me of another set of market breadth indices that we keep for sectors: the BullishPercent indices.You can find all tickers for which we calculate […]
Gold’s Price Oscillator | Top Advisors Corner
The McClellan Price Oscillator for gold futures prices has reached a pretty high level, equivalent to what it did at the price top in March 2022, and has just now turned down. This is a bearish signal and could set off a pretty big pullback.The McClellan Price Oscillator is a cousin of the more famous McClellan […]
Always Be Learning: Exiting Too Soon on a Losing Position | The Canadian Technician
It has been a successful month on many fronts as we started buying aggressively on January 9th. But I made some strategic errors that were really costly. There is always another train at the station, so learning to not make these mistakes again is the only value in a losing trade. I think it is […]
Can QQQ Prove the Bears Wrong? | Art’s Charts
Last week I featured the S&P 500 SPDR (SPY) with a clear resistance level to beat. Even though the 2022 decline could be a correction after a big advance, the ETF is short of a breakout and trend reversal. The Nasdaq 100 ETF (QQQ) also has a clear level to beat and is challenging resistance. […]
Can You Name These Charts? Different Types of Investments, Same Psychology. | DecisionPoint
Last month in our DecisionPoint Trading Room I gave our viewers a pop quiz. I presented two similar charts without names or price scales, and challenged them to identify them by the shape of the price indexes alone. The point I was trying to make was that, while they were different, they were driven by […]
GNG TV: Airlines, Casinos, & Luxury… Oh My! | GoNoGo Charts
In this week’s edition of the GoNoGo Charts show, as the S&P 500 continues to show constructive evidence of trend reversal on longer timeframes, Alex and Tyler look to GoNoGo Charts to better understand the sector leadership and individual names that are leading equity markets. Importantly, Industrials (XLI), Materials (XLB), and Energy (XLE) have proven […]
Combining Price Structure, MACD & ADX | Stock Talk with Joe Rabil
On this week’s edition of Stock Talk with Joe Rabil, Joe shows how he puts it all together by looking at Price structure, MACD, and ADX, in conjunction with the Moving Averages, to identify a short-term trading opportunity in NVDA. He starts with Monthly and works down to hourly for timing. He then covers the […]
Poor Natural Gas | DecisionPoint
Natural Gas use has become a hot button in the United States as bans begin to be discussed or enacted in certain states and cities. Whether you believe this is good or bad, it is news. A subscriber recently asked us to review Natural Gas (UNG) . Today seems a good day to do just […]
Are You Invested in Precious Metals Yet? | Mish’s Market Minute
I personally started out this year saying that, to date, gold has been sold on strength and bought on weakness. And that the day strength is bought is the day we begin a much bigger rally.A Few Gold Headlines:Gold prices hit record high in JapanChina steps up gold imports in 2022: Swiss gold imports at […]