All in all, the key sectors (retail, transportation) have more to prove, especially by clearing the 23-month moving average or 2-year business cycle. This is a significant level, as these sectors proved recession was held…
Category:
Stocks
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As Pete watches the weekly S&P 500 rallies, he notices they’ve been stalling and somewhat back-filling. The S&P has been moving up, but is definitely testing its resolve around the 4100 level that everyone has…
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The bears are getting louder as stocks consolidate recent gains. But the market’s current price consolidation behavior, until proven otherwise, is quite normal, especially after a nearly 20% rally in the S&P 500 (SPX) since the…
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I have been preaching Wall Street manipulation for years. And Wall Street took manipulation to a completely new level in 2022, accumulating shares of panicked retail traders after the distribution period from January through May…
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Monthly options expiration creates a whole new set of headaches for retail traders. As if trading wasn’t already hard enough, throw in the short-term financial incentive for market makers to “manipulate” prices and cash in…
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Stocks went on a tear from late December to early February with the S&P 500 SPDR (SPY) advancing some 11% from low to high. SPY then pulled back last week with a 2.5% decline from…
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After a dicey week, are the clouds descending again? In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen covers some critical areas of support and resistance in the broader markets, before moving on to where…
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Everybody is talking about breadth lately. And, indeed we see or have seen some improvement in New Highs / New Lows, A/D lines, New 52-Week Highs, etc. As you may, or may not, know, I…
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On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson shows you how to build what he calls the “Ultimate Relative Strength” chart template, inspired by the multi-level Sector Summary structure that we covered last week.…
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This is not meant to be political. As we have written many times, politics and investing should not be in the same sentence. With that said, during this past week’s State of the Union Address,…