You Gotta Love a Good Wedgie | Don’t Ignore This Chart!
In the second half of 2022, the price chart for XLY started to form a falling wedge pattern.This pattern or formation is characterized by two converging trendlines, BOTH moving lower. The falling wedge variant comes in two variations. It can be either a continuation within an established uptrend or a reversal pattern at the end […]
The Labor Market and the Stock Market | Mish’s Market Minute
By the time you read this, the buzz of what the Fed did and Powell’s presser will be over… at least for the day.We will not repeat the obvious.What we are way more focused on is the underlying reasons that the Fed, unless they are willing to goose rates to over 8%, will have little […]
The Fed’s Interest Rate Decision: How To Play Your Trades | ChartWatchers
Gain insight into the Fed’s interest rate decision and explore how you can strategize your trades in the future.CHARTWATCHERS KEY POINTSThe Fed raises interest rates by 25 basis points (0.25 percentage points).Stock markets closed higher after hearing Chairman Powell’s comments.Monitoring sector performance may be the way to go in 2023.Can the market move on and […]
The Ord Oracle January 31, 2023 | Top Advisors Corner
SPX Monitoring Purposes: Sold long SPX 1/27/23 at 4070.56 = Gain 6.51%; Long on 12/20/22 at 3821.62.The top window is the cumulative GDX Up Down Volume percent with a 200-day average, and the bottom window is the cumulative GDX Advance/Decline percent with a 200-day average. These types of indicators look at the bigger picture and can […]
How Markets Really Work | Dave Landry’s Trading Simplified
In this week’s edition of Trading Simplified, Dave jumps right into his “Mind The Trade” segment with a discussion on how markets really work. He then explains how embracing your own emotional nature can help you to wrap your head around the emotional nature of the market. He then continues his discussion on seeing “what is” […]
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 […]
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 […]
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 […]