Bounces off 14-month low but stays on the bear’s radar below 0.9200
USD/CHF consolidates recent losses around the lowest levels since November 2021. A two-month-old bearish channel, downbeat oscillators keep sellers hopeful. Bear cross, clear downside break of key ascending trend line adds strength to the bearish bias. Recovery remains elusive unless the quote stays below 200-DMA. USD/CHF picks up bids to lick its wounds around the […]
2023 Stock Market Forecast: Where’s the Strength? | ChartWatchers
Uncertain about where the stock market’s headed? You should be, after a tumultuous 2022. Read on to hear what three experts think the 2023 investment landscape will look like. More importantly, get ready to take advantage of new trading and investing opportunities.Forecasting the stock market is like predicting the weather. You never know what’s going […]
Mish’s Daily: Should the Market Worry About Regional Banks Sector? | Mish’s Market Minute
KRE Regional Banks is a member of my Economic Modern Family. With bank earnings in gear, this ETF measures the smaller banks–the ones where people living in more rural communities and smaller cities often go to borrow and save money.Here is a passage from March 22, 2022:”We have and continue to use Mish’s Economic Modern […]
The Ord Oracle January 17, 2023 | Top Advisors Corner
SPX Monitoring Purposes: Long SPX on 12/20/22 at 3821.62.Long Term SPX Monitor Purposes: Neutral.The week of the December 12 high had high volume (noted with blue arrow), and most high volume highs are tested. If the December 12 high is tested on 10% less volume, that will suggest resistance; if tested on higher volume, that will […]
Mish’s Daily: Sugar Futures and Social/Economic Impact to Stocks | Mish’s Market Minute
The price of sugar is exposed to many global and national influences. These include government tariffs, costs of production, climate change, and geopolitical instability. These demand and supply factors all influence movement within the market.Most sugar production occurs in a few countries across the world. The top producing countries include Brazil, India and Thailand. A […]
Sector Spotlight: Sector Rotation Model All Over the Place | RRG Charts
In this episode of StockCharts TV’s Sector Spotlight, I look at the current state of sector rotation, then walk through all 11 sector charts to make an assessment on their individual (relative) trends and their near-term support and resistance levels. Next, I use all this information to “reverse engineer” support and resistance levels and a price […]
Trade Like Trevor | Art’s Charts
Trevor Lawrence put in a performance for the ages in the AFC Wild Card game on Saturday. Chapeaux! Lawrence started the game with four interceptions in the first half but kept on throwing and brought his team back for a big win. There are some lessons here that we can apply to trading, which can […]
At the Edge of Chaos: Has the Game Changed? Possible Buy Signal for Stocks Emerges | Top Advisors Corner
Bearish stock traders are suddenly in a tough spot as major technical indicators flash potential buy signals. In addition, liquidity has stabilized, and money flows have suddenly turned positive for stocks. This combination of factors suggests that this rally has the potential to be a game changer. Get the full details below.The December CPI was good enough to […]
Bullish breakout on the cards or have we seen the highs?
AUD/USD bulls in control but there is a case for both the bulls and bears at this juncture. A break through the 0.6880s opens risk to 0.7050 and 0.7090 while a break below 0.6950 opens risk of a move to 0.6870. It’s been a roller coaster of a ride to start the year and AUD/USD […]
Earnings Season Has Started EXACTLY As I Would Have Expected | Trading Places with Tom Bowley
Quarterly earnings is a time when management teams announce whether they’ve kept all their promises that were made over the prior 90 days. These quarterly earnings announcements should not be shockers. Wall Street despises big surprises, especially when companies fall short of their consensus estimates. Wall Street firms use future earnings estimates and projected growth […]