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Breadth Remains Weak on Reversal Attempt

by Arthur Hill

An Attempt at a Candlestick Reversal Breadth Fails to Impress More Stocks Breaking 50-day EMA On Trend on StockCharts TV. An Attempted Candlestick Reversal The S&P 500 firmed over the last few days, but breadth remains weak overall. The first chart shows candlesticks over the last few months with a reversal attempt over the last four days. There is a filled  Read More

A Great Day Turns Good With Afternoon Selling; Internet Stocks Bottoming?

by Tom Bowley

Market Recap for Wednesday, December 12, 2018 The opening gap higher on Wednesday added to the recent stock market advance and the bulls stretched those early morning gains into the afternoon session.  But much of those intraday profits faded as the session wore on and an across-the-board advance really didn't feel so great by day's end.  Let's start, however, with the good  Read More

Oh WELL... What Can I Say?

by Julius de Kempenaer

On the Relative Rotation Graph, the Real-estate sector is one of the better performing sectors vis-a-vis the S&P 500 index. The RRG above shows the rotation of all the stocks in XLRE against XLRE. This gives us a picture of the relative positions for all these stocks against XLRE and against each other. A few names stand out in a positive way. EXR, VTR, HCP, and WELL are all  Read More

Improve a 'Bad' 529 College Savings Plan - part 4

by Brian Livingston

Some 529-type college savings plans are so restrictive that no more than two portfolio changes per year are possible. • If you're willing to do a little extra footwork, you may be able to adapt your portfolio to market conditions a bit more often - without market timing. Here are the details you need to maximize the gain of whatever your educational investment program may be. • Parts 1, 2, and  Read More

12/12 MWL Recap - Guest Mary Ellen McGonagle - Turning Point - Q&A

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

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MONDAY'S UPSIDE REVERSAL DAY MAY HAVE SIGNALLED SHORT-TERM BOTTOM -- THAT COULD LEAD TO DECEMBER REBOUND TO OVERHEAD RESISTANCE

by John Murphy

S&P 500 MAY BE FORMING SHORT-TERM BOTTOM My message from last Friday suggested that the S&P 500 was likely to drop below its October low, which could lead to a retest of its early 2018 lows (more on that last point shortly). Chart 1, however, shows Monday's early price drop pushing the S&P 500 to the lowest level since early April on an intra-day basis.  Read More

Mind the Gaps in L Brands

by Arthur Hill

A long-term downtrend, two gaps down and a move back below the falling 200-day could spell trouble for L Brands. The stock has been quite volatile since summer, but the overall trend remains down. L hit a 52-week low in early September, the 50-day SMA (not shown) is below the 200-day SMA, the 200-day SMA is falling and price is back below the 200-day SMA. The stock gapped above the 200-day SMA  Read More

Double + For Utilities And Real Estate On Relative Rotation Graph

by Julius de Kempenaer

The market keeps throwing us curve balls on a daily basis. The Relative Rotation Graph above translates these curve balls into (sector-) rotational patterns. The weekly chart above shows continuing strength for Utilities and Real Estate as they continue to move higher on both axes of the RRG. Staples and Healthcare are still comfortable inside the boundaries of the leading quadrant but lost a  Read More

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Bearish Patterns Taking Shape in EW Sectors and Semiconductor ETFs/Stocks

by Arthur Hill

Bearish Patterns in Big EW Sectors. Internal Weakness Hits Consumer Staples. Semiconductor ETFs Bounce after Breakdowns. Intel Fails at 200-day as Broadcom Breaks Out. Four more Wedge Breaks. On Trend on Youtube. Bearish Patterns in Big EW Sectors While the sector SPDRs capture what is happening with large-cap stocks, the equal-weight sectors provide a more balanced  Read More

Early Gains Wiped Out As U.S. Equities Finish In Bifurcated Fashion

by Tom Bowley

Market Recap for Tuesday, December 11, 2018 Volatile action on Tuesday resulted in a bifurcated market.  The NASDAQ managed to cling to gains at the close, while the Dow Jones, S&P 500 and Russell 2000 saw early morning gains turn into losses by the close.  Leadership came mostly from defensive areas of the market as consumer staples (XLP, +0.82%), utilities (XLU, +0.41%)  Read More

12/11 MWL Recap: "Shorting Strategies" with Tom Bowley - Technical Scans

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

Is Shopify On Your Shopping List?

by Greg Schnell

Shopify appears to have all the makings of a stock ready for its next move. Relative strength is starting to rise, full stochastics are striding higher, the stock is about to break a 6-month resistance line and the PPO is resetting at zero! This high growth stock is really looking good. Considering how tight a stop under this week's low would be, this looks all set to rise. If it  Read More

S&P 500 Touches MAJOR Price Support; One Ingredient Missing For Bear Market

by Tom Bowley

Market Recap for Monday, December 10, 2018 Yesterday was significant for one very important technical development.  The February 2018 low close of 2582 was within a whisker on Monday as the S&P 500 hit an intraday low of 2583 before rallying strongly.  Technology (XLK, +1.38%) led the rebound, followed by communication services (XLC, +0.76%) and healthcare (XLV, +0.39%)  Read More

Improve a 'Bad' 529 College Savings Plan - part 3

by Brian Livingston

After examining the investment choices a 529 plan offers, consider fees only as the second most important factor. • Don't get hung up on a difference of 0.1 or 0.2 percentage point between one program's fees and another's. Having the full set of asset classes in a broad-ranging plan can give you a larger gain than a more limited plan, thereby outweighing slightly higher fees. • Parts 1 and 2 of  Read More

Yield Curve Inversion?

by Bruce Fraser

The recent weakness in the stock market was partially attributed to the flattening of the 'Yield Curve'. When bond yields (typically U.S. Treasuries) are plotted in order of their time to maturity, a Yield Curve is the result. Typically, the shortest maturity instruments (T-Bills) have the lowest yield and the longest (30 year Treasury Bonds) have the highest yields. A normal relationship is  Read More

Two EMA "Death Crosses" on NDX and SPX = LT Trend Model SELLs

by Erin Swenlin

I've always thought the moniker "death cross" was terribly dramatic (and I still do). However, this time around, it does seem ominous. The SPX lost its Long-Term Trend Model BUY signal, a signal that had been in place since early 2016. These signals don't come very often, so we should always take heed when they do arrive. Not only did we see those LTTM BUY signals disappear, we lost 3 out  Read More

12/10 MWL Recap: Monday Setups - Earnings Spotlight - Sentiment Update

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

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Year-End Rally Here We Come?

by Martin Pring

Pinocchio Lies Oversold Sentiment Indicators Oversold Oscillators Pinocchio Lies Monday's action was what I call "scary bullish." First, we saw prices sell-off sharply, only to then rebound as if nothing had happened. Well, something did happen - the formation of a bullish Pinocchio bar on several Indexes. Chart 1 shows this for the S&P, where the open and close developed above the red  Read More

Interview with Japanese Trader: Takehiro Hikita - Part 2

by Greg Morris

This is the final part of an interview with Takehiro Hikita; see the first part here. Mr. Takehiro Hikita has graciously provided me with a large amount of insight into the candle pattern philosophy.  I have never met anyone so devoted to the detailed study of a  Read More

Southwest Airlines Reverses with a Gap

by Arthur Hill

Southwest Airlines (LUV) is in a long-term downtrend and the recent failure near the death cross points to further downside. First and foremost, the long-term trend is down because LUV hit a new 52-week low in late October and price is below the 200-day SMA. In addition, the 50-day SMA just crossed below the 200-day. After gapping down and hitting a new low, the stock bounced back to the 55  Read More

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SystemTrader - The Real Value of the Death Cross and Broad Market Signals

by Arthur Hill

Setting the Stage. Defining the Death Cross. 9 of the Last 2 Bear Markets. Comparing Different Crossover Signals. SMAs versus EMAs. SPY with Dividends vs $SPX Without. The Moving Average Sweet Spot. Conclusions (Adjusting Exposure). Setting the Stage  The financial media is awash with reports on the "death cross" in the S&P 500, but many of these reports fail  Read More

Falling Transports Lead To Further Losses On Wall Street

by Tom Bowley

Market Recap for Friday, December 7, 2018 Friday marked the end of a rough day and a rough week for U.S. equities.  Strength was found in utilities (XLU, +0.37%), the only sector to end in positive territory to close out the week.  Gold miners ($DJUSPM, +2.36%) and miners ($DJUSMG, +2.00%) helped to alleviate some of the weakness in materials (XLB, -2.41%) as those two groups  Read More

Improve a 'Bad' 529 College Savings Plan - part 2

by Brian Livingston

Selecting a college savings plan from the scores that are out there is daunting, even for financial professionals. • Most '529-type' tax-deferred programs are very restricted in their reallocation opportunities and don't include a full set of global asset classes. Eliminating the most limited and costly plans can help you narrow down to a managable number the ones you should consider. • Part 1  Read More

Gold Follows Through On The Breakout 2018-12-08 CC

by Greg Schnell

In what was a rough period for equities in general, Gold managed to have a great week, following through on its breakout. Oil continued to hold in the 50s, while the $USD made a second lower high on the daily line chart. The story in bonds continues with the 1-5 year yields inverting. The 10-year has moved dramatically  lower. With the China-America tariff discussions raging, the  Read More

Is This Stock About To Collapse?

by Greg Schnell

Canopy Growth Corporation (CGC) sits at support to close out the weekend. Is it about to collapse or surge? If you are interested in the most recent parabolic trading industry, marijuana legalization, it matters, as Canopy is widely seen as a leader in the group. For most investors, the sudden surge in August caught them off guard. Now would be the time to monitor CGC for a  Read More

Coming week to remain volatile for NIFTY; dealing with volatility infused by results of State Elections important

by Milan Vaishnav

It wasn't smooth sailing for the equity markets as the previous week remained quite volatile, with the markets oscillating both ways to finally end the week in the red. The benchmark index NIFTY50 had moved past its 50-Week MA earlier, but it has failed to sustain that level. On weekly basis, the index ended with net loss of 183.05 points (-1.68%). The coming week is set to remain action  Read More

DP Weekly Wrap: Still In Trading Range Despite Fireworks

by Carl Swenlin

There will probably be a lot of people mentioning that today there was a "Death Cross" on the S&P 500 chart, and this is important because a Death Cross means that the price index has entered a bear market. Specifically, on the $SPX chart (not shown) the 50-day simple moving average crossed down through the 200-day simple moving average (SMA). I don't use SMAs because I believe exponential  Read More

12/7 MWL Recap: What's Hot, What's Not - Scanning for Shorts

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

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Weekly Market Review & Outlook (with video) - Going Nowhere Fast

by Arthur Hill

A Bull Market in Noise. New Lows Expand. Another Week and Another Big Swing.. NDX Holds Up Better. Stocks Holding the 200-day. SKYY, HACK and IGV Trace Out Wedges. Healthcare Remains the Leader. REM, IHI and IHF Hold Up. Notes from the Art's Charts ChartList. A Bull Market in Noise  There sure is a lot of noise out there, and I am not just talking about the charts  Read More

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OIL JUMPS ON OPEC CUTS -- THAT'S GIVING ENERGY SECTOR A BOOST

by John Murphy

LARGER THAN EXPECTED OPEC CUTS BOOST CRUDE OIL OPEC and Russia finally agreed to a larger-than-expected production cut of 1.2 million barrels a day of crude oil which is lifting the price of that commodity today. It remains to be seen, however, if that's enough to reverse the 30% drop in the price of oil since the start of October. Chart 1 shows the United States Oil  Read More

Big Recovery Temporarily Halts Slide; Nonfarm Payrolls Weak

by Tom Bowley

Market Recap for Thursday, December 6, 2018 The Dow Jones and S&P 500 were both on a crash course for key February price support until buyers re-emerged just past 11am EST.  At the low yesterday, the Dow Jones was down nearly 800 points and it had tumbled more than 1700 points since the euphoric highs on Monday after the U.S.-China trade war "cease fire" was announced.  But the  Read More

12/6 MWL Recap: Bear Market or Correction? - SCTR Report

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

Canada Tries To Rally - Bi-Weekly Market Review 2018-12-04

by Greg Schnell

With the volatility surging, the indexes have really been flopping around. The $TSX continues to struggle. The outside bar forming after Thursdays wild ride is not bullish. The intraday action was better on Thursday, but we will need these levels to hold. The 10-minute chart (a shorter time frame than I usually look at) shows the price moving from the top of the range to the  Read More

U.S. Stock Futures Plummeting; Caution Is The Word

by Tom Bowley

Market Recap for Wednesday, December 5, 2018 The U.S. stock market was closed. Pre-Market Action U.S. futures look set to continue Tuesday's rout.  The 10 year treasury yield ($TNX) is lower by 3 basis points to 2.89% as money seeks out safety in the defensive bond market.  Crude oil ($WTIC) is down 2.76% at last check as it looks poised to retest the $50 per barrel level. Asian  Read More

Improve a 'Bad' 529 College Savings Plan

by Brian Livingston

There are scores of different tax-free savings programs for college - and even K–12 private-school tuition, in some areas and plans. That's a great way to cut taxes, but most of the accounts have limited investment choices and restrictive trading opportunities. Despite these obstacles, you can pump up your long-term gains using simple techniques.   My goal is to help the more  Read More

Why Is Everybody Talking About The Yield Curve? What Is All The Fuss About?

by Julius de Kempenaer

The yield curve has become a popular subject recently. Also, a few commentators on the site have mentioned the yield curve and its recent movements in their blogs recently. Read articles by Chief John,  Read More

12/5 MWL Recap: Gatis Roze - Greg Schnell - Market Outlook for 2019

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on  StockCharts TV; you can also find the latest episodes on the YouTube StockCharts  Read More

Kohinoor Foods and Godrej Agrovet

by Milan Vaishnav

Kohinoor Foods and Godrej Agrovet have under-performed the broader markets for quite some time. Presently, both of them are set to end their downward trajectory and look for some upward revision in prices over the coming days. Kohinoor Foods Ltd (KOHINOOR.IN) After hitting a high of 95.75 in early 2018, the stock has remained in a prolonged corrective action. The prices have traded in a falling  Read More

An Emerging Market Trading above its 200-day

by Arthur Hill

The S&P 500 is below its 200-day moving average and most country indexes are also below their 200-day moving averages. Two emerging countries, however, stand out in this crowd: Indonesia and the Philippines. The first chart shows the Indonesia iShares (EIDO) and the DJ Indonesia Index ($IDDOW) with their 200-day SMAs. The index (lower window) found support in the 1225-1250 area from July to  Read More

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REVIEWING THE PHILOSOPHY OF TECHNICAL ANALYSIS -- CHARTS ACT AS LEADING INDICATORS OF FUNDAMENTAL INFORMATION

by John Murphy

WHY WE LOOK AT CHARTS I've written several messages since the start of October about why the sharp stock market drop that month was most likely the start of a major topping process. Previous messages used Elliott Waves, the unusually old age of the current bull market (and economic expansion), as well as negative long-term chart indicators as reasons to start taking market selloffs  Read More