World Stocks Rally Following Central Bank Updates |
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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 […]
US stocks close lower but still higher on the week
The major US stock indices are ending lower on the day led by the NASDAQ index with a decline of about -1.6%. However, that comes after some pretty strong gains including a 3.25% gain yesterday. The final numbers are showing: Dow Industrial Average fell -127.93 points or -0.38% at 33926.00 S&P index fell -43.26 points […]
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 […]
Inspire Soaring Profits: A Unique View For Success | The Canadian Technician
A month ago, the Nasdaq Chart was in the bottom right corner. Tech layoffs were being announced, and the CEO/CFO/CIO teams were preparing for a terrible 2023. A month later, the market looks almost silly, rocketing to new multi-month highs. But here’s where it gets tricky; you needed to buy what no one was interested […]