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…
Category:
Stocks
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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…
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We have begun collecting Silver Cross Index and Golden Cross Index data for four new industry groups, and StockCharts.com back-calculated data for two years: Biotechnology (IBB), Regional Banking (KRE), Retail (XRT), and Semiconductors (SMH). Let’s…
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Whether its a short squeeze or more buying, the market went up a few minutes after Jerome Powell started speaking today. Yes, there might be really negative economic data coming sometime in the future. But…
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A month ago, the Nasdaq Chart was in the bottom right corner. Tech layoffs were being announced, and the CEO/CFO/CIO teams were preparing for a terrible 2023. A month later, the market looks almost silly,…
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Three big bellwether stocks announced earnings on the same day, after the close, and they all missed estimates. Does that mean the Technology sector will head lower? Not necessarily. Technically, ahead of earnings, the charts…