On Thursday morning, April 20th, I began the day with the crew at the Benzinga PreMarket Prep show. We (Joel and Mitch) covered a lot, but the focus remains this persistent, rangebound market. I’ve used…
Stocks
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On this week’s edition of Stock Talk with Joe Rabil, Joe shows a MACD divergence signal that takes place in the direction of the trend. He explains how there are other hints to know when…
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Regional Banks (KRE) made a comeback during the session. The price pierced the 44 resistance level and closed above the last 18 trading day’s range. On March 6th, over a month ago, I wrote a…
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Three beef-slinging behemoths are about to go toe-to-toe in an all-out brawl for supremacy over the grease-stained domains of Burgerdom. Opening Moves McDonald’s (MCD) has deployed its long-slumbering anti-hero, the Hamburglar, to introduce its new…
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Aerospace and defense stocks seem to be busting through turbulence. Lockheed Martin (LMT)’s better-than-expected earnings helped push its stock price higher, and the positive news added upside momentum to the aerospace and defense industry. So…
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SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. We updated this chart from yesterday. The SPY/VIX ratio is still rising,…
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After recent price cuts and low expectations of only $.85 per share or a 20% drop since a year ago, many eyes will watch Tesla (TSLA) after the close. Tesla, always controversial, can either beat…
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On this episode of StockCharts TV’s Sector Spotlight, I evaluate the current state of the Sector Rotation Model. Each quarter, I take the elements of the Model, as described by Sam Stovall, and use the charts…
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If you plan on running up that hill, a pair of Nikes (NKE) could be the right fit for the task. But now, Nike is tackling a similar scenario, running up a Three Rising Valleys…
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In this week’s edition of StockCharts TV‘s Halftime, Pete takes a look at the Chaikin system, along with StockCharts tools, to make sense of what’s happening in the markets this week. A lot of FED speak is…