First of all, I apologize for my absence this week. I caught something that looked like Covid, and felt like Covid, but it did not identify (pun intended) as Covid. Apart from feeling lousy, also…
Category:
Stocks
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Sentiment indicators are contrarian, meaning that when the majority of investors are bullish on the a market, it is bearish for that market. Most investors are aware of several sentiment indicators that relate to the…
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In this StockCharts TV video, Mary Ellen reviews the broader markets after last week’s rate-cut induced rally. She also shares stocks that are breaking out of bases and poised to trade higher. The “nuclear renaissance” is…
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The Federal Reserve’s interest rate cut decision on Wednesday was like receiving a gift from a wish list. When the rate cut was announced, the market initially rose, acting surprised by the decision. But the…
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On August 5, we featured Carvana (CVNA), which at the time took the top StockCharts Technical Rank (SCTR) spot for the Large Cap Top 10. The stock has pulled back since then, but is now…
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If you logged into the CNBC website on Thursday morning, you might have seen the headline, “Wells Fargo says don’t buy this rally, fundamentals don’t support it.“ Investors relying solely on fundamentals and not knowing…
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The stock market received what it expected from the Federal Reserve—a 50 basis point interest rate cut. Stocks rose initially, but the broader stock indexes—Dow Jones Industrial Average ($INDU), S&P 500 ($SPX), and Nasdaq Composite…
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Shopify (SHOP) continues to show strong potential for growth, which is supported by fundamentals and technicals. As the broader e-commerce market expands, SHOP is well-positioned to capture additional market share from rivals such as Amazon.com…
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In this exclusive StockCharts TV video, Joe shows how to use RSI in multiple timeframes to identify the next buying opportunity in the SPY. Joe thinks this rally is important; he uses the ADX to…
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As of Tuesday, the CME’s FedWatch Tool gave a 67% chance of a 50 basis-point rate cut—way up from the 25-point cut everyone was betting on just days ago. A rate cut could send the…