In this edition of the GoNoGo Charts show, even with earnings kicking off, trading activity this week has been remarkably quiet. Alex and Tyler review some of the key lessons shared in their StockCharts TV…
Category:
Stocks
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One of the areas of the market that continues to struggle is oil. OPEC recently pushed the price of WTI crude above a prior high, but that has not held. I got an interesting email…
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Trend-momentum strategies trading ETFs were appealing because they generated lower drawdowns and decent returns. Trend-momentum strategies trading stocks, in contrast, were often subject to higher drawdowns, though returns were higher. While I cannot speak for…
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We’ve been watching and waiting for our IT indicators to turn down in overbought territory and today they did. Add to this a topping Price Momentum Oscillator (PMO), a downside initiation climax, topping Swenlin Trading…
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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…
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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,…