Since the first quarter ended with very few instruments above the 23-month, we thought we would start the 2nd quarter by examining where the 4 indices are. Over the weekend, the Market Outlook reminded us…
Category:
Stocks
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The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly…
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Stocks
Don’t Fight the Tape; Stock Market Returns to Uptrend, Nasdaq 100 Blows Out 13,000 Resistance Level
The stock market is back in an uptrend. Moreover, the rally is being led by the technology sector, which is usually a very bullish development. Last week in this space, I noted that money flows into…
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The following was a special educational Daily Market Report that I sent to our EB.com members last week…. I always refer to EarningsBeats.com as a “Research, Guidance, and Education Platform”, because that’s truly what we…
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The markets had a positive weekly closing; despite the truncated week with just four trading sessions, the NIFTY registered decent gains. Over the past many sessions, the markets were unable to take any major directional…
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Last week, the S&P 500 put in a bottom following Wednesday’s rally of 1.4% on volume, which was greater than the prior day. Known by followers of William O’Neil’s work as a “follow-through day”, the…
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With the first quarter of 2023 drawing to a close, what impresses me most about the equity markets are the improving breadth conditions. While the markets can move higher on strength from the MANAMANA stocks, sustained…
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In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen highlights the new uptrend in the S&P 500 and which areas are now reversing downtrends. She also reviews themes taking place in already-strong Software stocks. This…
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There are times when technical merit alone can justify the case for a trade. The reason for this is that many traders often stick with a familiar list or category of stocks, and for obvious…
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Partial Look at the Models and Positions On Friday, I was part of the Festival of Learning, sponsored by Real Vision, to help new and experienced traders. The topics that came up were in line…