Ready, Set, COVER! Breakouts Are A Short Seller’s Worst Enemy | Trading Places with Tom Bowley
It was one week ago that I wrote about Wayfair’s (W) big breakout in the Don’t Ignore This Chart blog. It had just broken above key resistance and volume accelerated to its highest level EVER! And EVER is a very long time! 22 million shares traded on Friday, January 20th as W gained 20.25% and […]
EUR/USD holds at around 1.0860s as traders brace for the Fed and ECB’s decisions
The US core PCE, the Fed’s preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower. EUR/USD Price Analysis: Upward biased, but short-term neutral, ahead of Fed and ECB’s decisions. The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on […]
Week Ahead: Markets Approaches Union Budget In A Bruised State; Expect Volatility To Remain High | Analyzing India
It was an immensely volatile and eventful week for the Markets as they headed towards the last weekly close before the Union Budget. The last three sessions, more particularly, the last two sessions remained marred by the severely bearish reactions to Hindenburg Research’s report on the Adani Group stocks. Hindenburg Research is a “forensic financial […]
The S&P 500 Leaves the 200-Day Behind | The Mindful Investor
How much weight should we put on the fact that the S&P 500 index powered above its 200-day moving average this week? If history is any indication, then this is actually a fairly momentous occasion. Unless it’s a repeat of March 2022, in which case we’re obviously poised for a push to new lows any minute […]
Inflation, What Inflation? | Mish’s Market Minute
We typically have a song or two in my head. After all, watching ticks is musical and has a lot of different beats.And typically, those songs turn into parodies.For this past week, the first song was sealed in our brains after Tesla’s extraordinary run. And then again after Friday’s PCE (Personal Consumption Expenditure) numbers were […]
Many Stocks are Basing/Lifting | Moxie Indicator Minutes
In this week’s edition of Moxie Indicator Minutes, TG notes that there is a lot of negativity out there and concern about the effects the economy will have on the market. Yet GDP has come in strong, and many names have been basing, and some other names have been quietly rising too. Lets take a […]
MEM TV: Growth Stocks Push Market Above Resistance | 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 […]
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 […]