The percentage of stocks in long-term uptrends rebounded sharply in November and returned to the highs from late August and early September. This rebound is impressive, but the absolute levels are still not that inspiring.…
Stocks
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In this week’s edition of Moxie Indicator Minutes, TG notes that the markets are deciding to hang on tight to their upper levels over the holiday week. He thinks we still need a pullback, but…
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The Dow Jones Industrial Index is reaching overhead resistance between 35.5k and 35.7k. This means that upside potential is now limited. And even when the market manages to break that area, the next resistance level…
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I know we’re in the midst of a powerful rally that began EXACTLY when seasonality suggested it would – at the close on October 27th. I discussed the very bearish seasonality leading up to that…
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In the 1995 film, Home for the Holidays, family reunions are explored using both drama and comedy. The film illustrates how we outsiders looking in never really know the love and the madness that goes…
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In this edition of StockCharts TV‘s The Final Bar, Dave reviews the latest market breadth indicators, some of which are indicating a likely pullback from resistance around the 4600 level for the S&P 500. He also focuses…
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Stocks are having a good November, which aligns with typical stock market behavior. According to the Stock Trader’s Almanac 2023, both the Wednesday before Thanksgiving and the Friday after have a good track record. So,…
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SPX Monitoring Purposes: Long SPX 10/27/23 at 4117.37. Gain since 12/20/22: Over 26%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Above is the monthly SPX chart. The pattern that appears to be forming is…
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In this edition of StockCharts TV‘s The Final Bar, guest Mary Ann Bartels of Sanctuary Wealth describes how falling interest rates could pave the way for another leadership by mega-cap growth stocks, including semiconductors. Host David Keller,…
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Gap Inc.’s (GPS) blowout earnings report last week not only signaled the end of its summer slumber, but catapulted its share price to two-year highs. Last Friday, its shares jumped more than 30%, opening the…