Shopify (SHOP) continues to show strong potential for growth, which is supported by fundamentals and technicals. As the broader e-commerce market expands, SHOP is well-positioned to capture additional market share from rivals such as Amazon.com…
Category:
Stocks
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The broader stock market indexes are still in a holding pattern as investors await the Fed’s decision on Wednesday. Tuesday’s price action was a little like a “Whac-a-Mole” game for the S&P 500 ($SPX) and…
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As of Tuesday, the CME’s FedWatch Tool gave a 67% chance of a 50 basis-point rate cut—way up from the 25-point cut everyone was betting on just days ago. A rate cut could send the…
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As part of Carl’s review of Gold charts, he explained how we use the close-ended fund, Sprott Physical Gold Trust (PHYS) to measure sentiment for Gold. Depending on how PHYS trades, it trades at a…
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Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend return after a triplet of uncertain “Go Fish” bars. We saw blue “Go” bars from Wednesday on. Treasury bond prices remained in a…
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That’s a great question, because we saw some very nice gains and we’re now approaching all-time highs, especially on the Dow Jones ($INDU) and S&P 500 ($SPX). The more growth-oriented NASDAQ 100 ($NDX) has much…
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Whipsaws and losing trades are part of the process for trend-following strategies. These are expenses, and simply unavoidable. Over time, trend-following strategies will catch a few big trends and these profits will more than cover…
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In this StockCharts TV video, Mary Ellen reviews the broader markets and highlights pockets of strength that are starting to trend higher. She also shares add-on plays to the move into home construction stocks, and shows…
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While the S&P 500 finished the week once again testing new all-time highs around 5650, the Nasdaq 100 remains rangebound in a symmetrical triangle or “coil” pattern. While this pattern does not necessarily suggest a…
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This week’s stock market action may have caught many investors by surprise. After last week’s massive selloff, this week’s turnaround reignited investor enthusiasm in equities. Large-cap growth stocks were the leading asset class in the…