Ultimately, breaking out above the August 2022 high represents the key level to reverse the downtrend that began in early-January 2022. I like to use longer-term charts to determine whether we’re currently trending higher or…
Category:
Stocks
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It was a volatile but largely quiet week for the markets. Over the past five sessions, the markets were able to defend their opening lows and were trading flat until the last trading day of…
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In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the sharp decline in Banks and whether they’re ready to reverse higher. She also discusses broader market conditions while highlighting key pockets of strength and…
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One of the best questions I got asked this week was “How can you be long gold and long semiconductors at the same time?” And I have a simple answer for that. We love to…
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2022 was a challenging year for investors, and, so far, the stock market in 2023 has had its fair share of challenges. The fallout of some banks came as a surprise to many investors; how…
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On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson discusses the most important chart on all of StockCharts – your default ChartStyle! In addition to a quick review of what a ChartStyle is, you’ll learn…
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The SPY is down twice now after the FOMC, where Powell continued to hike rates with another 25BPS. Despite that, there are still many sectors and tickers that are bullish. Of course this can change…
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The Baltic Dry Index (BDI) makes for an interesting, but imperfect, leading indicator for the movements of stock prices. I don’t know exactly why this works, and why it occasionally stops working, but the relationship has…
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When I look across the European banking sector, the charts are disturbingly weak. After Jay Powell’s presser, one of the things he mentioned was they had six banks they were watching. He did not mention…
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Racing ahead of the semiconductor pack, Nvidia (NVDA) appears to be edging toward the upper regions of a parabolic curve. What Does This Mean for NVDA Stock Price? It’s a sign of confidence coming off…