Traders have a tendency to “think” in their own currencies, which is a natural human action. But it is worth paying attention to how other traders may think, because how they see prices can affect their…
Category:
Stocks
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On Wednesday, we began to see a separation between what Chairman of the Fed Powell said on fighting inflation and the inflation indicators themselves. Food commodities, particularly grains, soared. Weather is the dominant factor as…
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The May Housing Starts and Permits released this past Tuesday was quite eye-popping, despite riding the back of a disappointing market drop in the Dow, S&P, and Nasdaq. How so? If you think about it,…
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In this week’s edition of Trading Simplified, Dave shows his methodology in action with a “free rolling” big winner, a potential winner in the making, and a new mystery chart. He then continues his series on…
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On June 12th, Goldman Sachs (GS) came out with this: Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from sanctioned countries, including Russia.…
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In this episode of StockCharts TV’s Sector Spotlight, I take a look at Asset Class rotations, highlighting the current strength of US stocks in comparison to Bonds. In the Sector Rotation segment, I address the differences…
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I’ve always been impressed by the strong correlation between the U.S. and German stock markets. Sometimes the strength in one of these markets can help to influence the direction of the other. Let me show…
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The Federal Reserve is still talking tough via its dot-plot, which forecasts two more interest rate increases before the end of 2023. But the markets are not agreeing. My money, for now, is with the markets.…
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In what can be called a fairly buoyant week of trade, NIFTY went on to move towards its previous high point and closed at its lifetime high. The financials, though, represented by Banknifty (Nifty Bank)…
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Wow, things have changed. I looked at some charts that I had produced a year ago and looked at those same charts today. You’d never know it was the same stock market. Let’s start with…