Summary The Relative Rotation Graph for US Sectors for this week mainly shows a continuation of the rotations as they were underway last week. XLB : Moving from lagging into improving at a strong RRG-Heading,…
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Stocks
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Full disclosure: While there are many ways to view the following, this article will deliberately view the matter from a bearish angle. While some investors look to KRE—the SPDR S&P Regional Banking ETF—as a possible…
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In this edition of StockCharts TV‘s The Final Bar, Dave welcomes guest Mary Ellen McGonagle of MEM Investment Research. David compares two stocks in the same industry group with dramatically different chart patterns. Which one would you…
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We were perusing the Advance-Decline Line charts that we have and noticed something that surprised us. The Nasdaq Advance-Decline Line is trending lower while prices continue higher. This is negative divergence we didn’t expect to…
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Today Carl and Erin reviewed the Boeing (BA) chart together discussing the technical ramifications of the step down of the CEO and two other board members. We do note that the CEO will finish out…
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Stocks
Week Ahead: Short Week May Not See NIFTY Adopting A Sustained Directional Bias; Volatility May Return
After a corrective action in the previous week, the Markets continued to wear a tentative look throughout the past week as well. In the previous technical note, it was mentioned that the level of 22525…
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I’ve always liked to look at certain points during a bull market or bear market where the character of the market could change based on key fundamental news. We were at one of those points…
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U2 is one of my favorite bands and I can’t help but think of their song, “With or Without You”, when I look at an S&P 500 chart. This secular bull market is waiting for…
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The 200-day SMA is perhaps the most widely used long-term moving average. As its name implies, it is a simple indicator that chartists can use for trend-following and momentum strategies. For trend-following, we just need…
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Crude Oil struck an intraday low on December 13th of 2023, the same day as Fed Chair Powell’s notable press conference. This concluded a decline from approximately $95 (at the end of the 3rd quarter)…