There are loud voices on Wall Street who continue to talk about bear markets. In my opinion, that’s a good thing. That’s because bull markets climb walls of worry. And the higher this rally goes, the more…
Stocks
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I’m a follower and believer of history when it comes to the stock market. After years of research, I understand that some aspects of U.S. equity performance are rather transparent and resulting technical signals generally…
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Are the major stock indexes under Accumulation? If so, we Wyckoffians would expect an important Markup (uptrend) to follow. Accumulation is the process of large interests (known as Composite Operators) stealthily Absorbing shares of stocks…
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Last week, I wrote about how the Price Oscillator for gold futures had gotten up to a really high level and turned down, which was a bearish signal. It has taken a while for that signal…
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Stocks
Week Ahead: Markets Approaches Union Budget In A Bruised State; Expect Volatility To Remain High
As the week came to an end, the equity markets left behind a very eventful week. Two important events were expected to infuse volatility into the markets. The first one was the Union Budget; this…
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The Nasdaq just booked its fifth consecutive weekly gain, which is the longest winning streak in over a year. The rally has occurred amid strong earnings reports from some major tech companies. Also driving this…
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If you are having a hard time figuring out the market’s next moves, start by thinking about trading range. The 2023 Outlook spells out reasons for a 1000-point trading range potential in the SPY from…
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While the technical analysis toolkit has certainly evolved over time, having benefitted from advances in computing and data analysis, in many ways, the tools of the modern technical analyst are not far from the original…
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In this episode of StockCharts TV‘s The MEM Edge, the markets closed above key resistance in the S&P 500, which Mary Ellen reviews along with its impact. She also highlights rotation taking shape and what’s driving the…
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On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson shows how to combine the Sector Summary tool with SCTRs (StockCharts Technical Rank) to find the market’s strongest stocks in just four clicks. By drilling into…