Just look at the March lows in Granddad Russell 2000 (IWM). And now look at the March lows in Granny Retail (XRT). So who is right? IWM has moved up for the March lows and,…
Category:
Stocks
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In this week’s edition of The DecisionPoint Trading Room, Carl opens the Trading Room with a discussion on what the Advance-Decline Line is and how it is calculated. Importantly, he shows us how best to…
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A couple of weeks ago (early May), the price of spot gold reached a high of $2085 an ounce, nearly challenging its all-time high of around $2089 last reached in 2020. Since then, gold’s had…
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Here is a bullish thought. The Federal Reserve seems to have lost its consensus about higher interest rates. Consider the following: On the day the Nasdaq 100 Index (NDX) broke out to a new high, 5/18/23,…
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It was the culmination of many months of accumulation by Wall Street firms. I’ve discussed this accumulation, or manipulation, over and over and over and indicated that it was the likely precursor to a big…
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Stocks
Week Ahead: NIFTY to Face Monthly Derivatives Expiry Resisting Key Levels; Moving Past This Zone Crucial
After rising three weeks in a row, the Indian equities took a breather, ending the week on a negative note much on the anticipated lines while resisting the key levels. There has been a slight…
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There is a compelling argument for a possible change in trend direction for VALIANTORG.IN. The stock has a relatively brief listing history on the NSE. However, upon analyzing the weekly chart, it appears that after…
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Earlier this week, I completed a “clean slate” exercise on the S&P 500 chart. You see, my charts become pretty busy over time, because I draw lots of trend lines and put notes on the…
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On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson gives you a quick tour of the StockCharts Advanced Charting Platform, ACP, and then highlights five of his favorite interactive features throughout the platform. You’ll learn…
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Considering our bearish outlook, this week’s rally has been hard to watch; however, the configuration of the Silver Cross Index* (SCI) continues to show how this rally may ultimately fail. On the chart below we…