SPX Monitoring Purposes: Long SPX on 11/10/22 at 3956.27 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. We have updated the chart and statistics from yesterday. A sign…
Category:
Stocks
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While we follow the Fed announcement tomorrow, we’ll closely watch Grandpa Russell’s (IWM) reaction. As the patriarch in charge of Mish’s Modern Family, Grandpa Russell’s pricing is meticulously monitored daily and weekly. IWM is also…
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In this episode of StockCharts TV’s Sector Spotlight, I present a thorough review of the current state of sector rotation in the US market. Materials and Industrials are showing strong tails on the Relative Rotation Graph,…
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Investors will watch closely tomorrow, as the CPI print is released, and Wednesday, when the Fed announces its latest rate hike. The CPI is likely to be lower, and a half-percentage hike in the Fed…
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Right now, the markets are green across the screen, but on this week’s edition of StockCharts TV‘s Halftime (presented by Chaikin Analytics), Pete urges caution due to the CPI coming out tomorrow. Pete takes a look at…
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We were somewhat surprised today when we reviewed the index ETFs. Two ETFs actually show rising momentum. Don’t get too excited, there are problems on both of their charts. For comparison, SP500 (SPY), Dow (DIA),…
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On this week’s edition of The DecisionPoint Trading Room, Carl answers the question: “How do we find overbought/oversold levels on the PMO?”. Both he and Erin discuss rounded tops found throughout the market. Additionally, they…
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At our MarketVision 2022 event on Saturday, January 8, 2022, I said stock market bulls would need patience, a lot of it, because it was going to take some time for sentiment, which was ridiculously…
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Stocks
At the Edge of Chaos: Big Move in Stocks Ahead; Lower Interest Rates Fuel Rally in Homebuilder and Builder Materials Sectors
The stock market is preparing for a big move as volatility bands tighten around the major indexes. There are three major factors to consider at the moment: tax selling, the Fed, and sector specificity. Technical…
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In the previous technical note, it was categorically mentioned that it would be crucial to see if NIFTY can keep its head above 18600 levels to extend and confirm the breakout that it has attempted.…