January’s Performance: A Good Start for 2023? | ChartWatchers
“As the S&P 500 goes in January, so goes the year.” If you’re a Stock Trader’s Almanac reader, you’ll be familiar with this adage. According to the Almanac, since 1950, this seasonal indicator has registered 12 major errors. That’s an 83.3% accuracy ratio. Given that 2023 is a pre-election year, another point to keep in […]
What are the Equity Market’s Positive Signs? | Mish’s Market Minute
On Monday, the Daily covered some of the warning signs, particularly in the Regional Banks and Transportation sectors. We ended the Daily by writing this: “Transportation and Regional Banks make up nearly 1/3 of the Economic Modern Family.”On their weakness: “Of course, the week is young, so we have time to see if both sectors play […]
Bears move in and eye a break of critical support
USD/CAD bulls look to the 50% mean reversion target of the bearish impulse. Bears eye supports below 1.3300, targeting 1.3250/20 and then 1.3200 / 1.3150. USD/CAD has blown off on Tuesday as preliminary domestic data showed the economy growing at a slightly faster pace than the Bank of Canada expected in the fourth quarter. This brings us […]
Sector Spotlight: Sector Rotation Out of Defense | RRG Charts
In this episode of StockCharts TV’s Sector Spotlight, I address the current state of asset class rotation, then move on to sector rotation. I divide the market in three groups — Offensive, Defensive and Sensitive — and find an interesting alignment that should be taken seriously as an early warning for an ongoing shift between sectors.This […]
Forecasting Elliott Wave ((iii)) higher In Nasdaq futures
In this blog we will see how we were able to forecast in advance the wave ((iii)) higher in NQ_F. Nasdaq has been one of the weakest Indices within 2022 and has been seeing a relief bounce rally as of recent. We will see below how here at Elliott Wave Forecast were able to forecast […]
What are the Equity Market’s Warning Signs? | Mish’s Market Minute
Nearly every member of Mish’s Modern Family improved last week, with the Russell 2000 (IWM), Transportation (IYT), Semiconductors (SMH), and Retail (XRT) all putting in Golden Crosses on their daily charts. Except for Regional Banks (KRE).Risk off or on during this data heavy week? Clearly, the performance of MarketGauge’s Trend Strength Indicator (TSI) improving across all 4 key indices, […]
DP Trading Room: New Golden & Silver Cross Indexes | DecisionPoint
On this week’s edition of The DecisionPoint Trading Room, Carl opens with an introduction to new data sets for Regional Banks (KRE), Semiconductors (SMH), Biotechs (IBB), and Retail (XRT). The new Golden Cross and Silver Cross Indexes and additional breadth data tell a different story than relative strength studies. Erin concentrates on Financials and deep […]
The Halftime Show: Sharing “Secret” Chaikin Lists | Chaikin Analytics
In this week’s edition of StockCharts TV’s Halftime, using a different perspective than last week, Pete reviews some sectors today that include names with bullish changes over the last week. He also shares some “secret” lists from the Chaikin platform. This week’s upcoming events (Chicago PMI, Consumer Confidence) could prove to be pivotal for sentiment and markets […]
To test the 20-day EMA after hitting a new session high around 130.50
USD/JPY recovers some ground as traders brace for a busy US economic calendar. Buyers are eyeing a test of the 20-day EMA, as the RSI and RoC suggest the USD/JPY could print a leg-up in the near term. SUD/JPY Price Analysis: Remains downward biased, but it could aim higher. USD/JPY erases last Friday’s losses and […]
Bears Are Waking Up to the Fact They’ve Missed Out; Here’s What’s Next | Top Advisors Corner
The bears have missed out on a barn-burning rally over the last few weeks. Now, many are changing their stripes and “holding their noses” as they buy late into the rally. This is a great time to assess what’s likely to happen next.I’ve been bullish on this market for some time now and remain so. But, after […]