On August 1st, as many cheered the rise in GDP (partly because consumer spending is 70% of the GDP), another agency did not cheer at all. With Government Debt to the GDP ratio super high,…
Category:
Stocks
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SPX Monitoring Purposes: Long SPX 6/21/23 at 4365.69; sold 7/21/23 4536.34=gain 3.91%. Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%. Gain since 12/20/22=17.68%. Monitoring Purposes GOLD: Long GDX on…
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Have you considered renting a room in your home or joining a rideshare company to generate additional income from the assets you own? Selling covered calls on stocks or exchange-traded funds (ETFs) that you own…
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As the market and economy cheer the rise in GDP, we can thank consumer spending, 70% of GDP; services (what consumer pay for in aid, help or information), 45% of GDP; and government spending, about…
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In this episode of StockCharts TV‘s The Final Bar, guest Ari Wald, CFA CMT of Oppenheimer shows how overbought conditions have actually been a long-term bullish signal for the S&P 500 and Nasdaq. Dave highlights stocks reporting…
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In this episode of StockCharts TV’s Sector Spotlight, on this first day of of August, I go over the completed monthly sector charts for July, looking for trends and support/resistance levels. I then wrap all of…
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CrowdStrike (CRWD) is separating itself from the rest of the pack with a breakout and nine month high. The chart below shows CRWD with an uptrend working throughout 2023. The stock bottomed in January, advanced…
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In this episode of StockCharts TV‘s The Final Bar, Dave breaks down a heavy earnings week featuring AAPL, AMZN, COIN, PYPL, COP, and others. Will this week illustrate the rotation from growth sectors like technology to value…
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Headline over the weekend: “GM, Other Big Automakers Form EV Charging Joint Venture” Tesla (TSLA) is the dominant player in the EV space. As such, and with its supercharger network, several car companies have teamed…
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This is the second video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®. In this part, Alex and Tyler expand upon the concept of a rules-based approach…