The momentum phenomenon has been a fixture in the US equity markets for decades. There are two types of momentum to consider: absolute momentum and relative momentum. Absolute momentum refers to the underlying trend, up…
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Stocks
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A Buying Climax typically concludes a long term uptrend. The rally phase from the October low of 2023 has these climactic characteristics. This advance comes after a major trend that began in late 2022. The…
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Stocks
Week Ahead: NIFTY Stays In A Defined Range; Expect Directional Moves Only Outside These Levels
Some serious consolidation continued in the markets as the Nifty oscillated in a defined range before closing the week with modest gains. Examination of daily charts shows that the Nifty tested its 50-DMA again and…
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While many analysts follow sentiment signals that involve feelings about market direction, I prefer one that follows the MONEY. I want to know what retail traders are doing with their money with respect to options.…
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The masses have been confounded by the strength of this current secular bull market. Too many keep betting against it and they’ve cost themselves a huge opportunity for profit as prices have soared. I’ve pointed…
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Going into last week, the Magnificent Seven stocks were looking more like the Magnificent Four. Leadership within the group became more concentrated, with Amazon, Meta, Microsoft and Nvidia having done most of the heavy lifting.…
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After a remarkably bullish January, which continued the strong market action in November and December, February has had a distinctly different feel. But while breadth conditions have certainly become less bullish than they were at year-end…
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In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the sloppy week for the markets, driven by the key economic data that was released. We saw interest rates rise, which had some other carry-on…
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It’s all about groups on this week’s edition of StockCharts TV‘s StockCharts in Focus! In this video, Grayson shows you how to take your market analysis to the next with level with some of the latest enhancements…
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In this edition of StockCharts TV‘s The Final Bar, Dave answers viewer questions on the Money Flow Index, using RSP vs. SPY for relative strength analysis, strategies for names in extended uptrends like NVDA, applying Fibonacci retracements…