In today’s free DP Trading Room Carl reviews the charts of two new members to the SP500, Dell (DELL) and Palantir (PLTR). Are they poised to break out on this news? Carl also discussed the…
Category:
Stocks
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Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend remain strong with an uninterrupted week of strong blue “Go” bars. Treasury bond prices remained in the “Go” trend as well but…
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So the first Fed rate cut is behind us, and we are no longer in a “higher for longer” period, but in a new rate cut cycle which will most likely last well into 2025. So…
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The Federal Reserve’s interest rate cut decision on Wednesday was like receiving a gift from a wish list. When the rate cut was announced, the market initially rose, acting surprised by the decision. But the…
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In this StockCharts TV video, Mary Ellen reviews the broader markets after last week’s rate-cut induced rally. She also shares stocks that are breaking out of bases and poised to trade higher. The “nuclear renaissance” is…
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First of all, I apologize for my absence this week. I caught something that looked like Covid, and felt like Covid, but it did not identify (pun intended) as Covid. Apart from feeling lousy, also…
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Sentiment indicators are contrarian, meaning that when the majority of investors are bullish on the a market, it is bearish for that market. Most investors are aware of several sentiment indicators that relate to the…
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If you logged into the CNBC website on Thursday morning, you might have seen the headline, “Wells Fargo says don’t buy this rally, fundamentals don’t support it.“ Investors relying solely on fundamentals and not knowing…
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On August 5, we featured Carvana (CVNA), which at the time took the top StockCharts Technical Rank (SCTR) spot for the Large Cap Top 10. The stock has pulled back since then, but is now…
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The stock market got what it wanted from the Federal Reserve—a 50 basis point interest rate cut. Stocks rose initially, but the broader stock indexes—Dow Jones Industrial Average ($INDU), S&P 500 ($SPX), and Nasdaq Composite…