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…
Category:
Stocks
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The stock market received what it expected 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…
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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…
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In this exclusive StockCharts TV video, Joe shows how to use RSI in multiple timeframes to identify the next buying opportunity in the SPY. Joe thinks this rally is important; he uses the ADX to…
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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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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 ($SPX) and…
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As part of Carl’s review of Gold charts, he explained how we use the close-ended fund, Sprott Physical Gold Trust (PHYS) to measure sentiment for Gold. Depending on how PHYS trades, it trades at a…
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Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend return after a triplet of uncertain “Go Fish” bars. We saw blue “Go” bars from Wednesday on. Treasury bond prices remained in a…
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That’s a great question, because we saw some very nice gains and we’re now approaching all-time highs, especially on the Dow Jones ($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…