After initially forming a fresh incremental lifetime high, the markets succumbed to selling pressure from higher levels after spending some indecisive sessions during the week. The week that went by saw some early signs of the…
Category:
Stocks
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As we have discussed many times, financial markets are fractal. Different timeframes produce similar price structures. This is a very valuable phenomena for the study and practice of trading. When tracking the intraday time frame;…
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I’ve been around long enough to remember when Intel (INTC) was the NVIDIA of the day. Now, INTC is under severe pressure, having suspended its dividend, and is currently being considered for removal from the…
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On Thursday afternoon, I dove into the StockChartsTechnicalRank (SCTR) Reports to scout out a good ETF during a mixed market (Dow and S&P 500 were down, Nasdaq was up). Two gold miner ETFs—Wisdom Tree Efficient…
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In this StockCharts TV video, Mary Ellen reviews the current downtrend taking place in the S&P 500 and Nasdaq, and highlights the “uninverting” yield curve. She finishes with a deep dive into Nvidia, sharing how to…
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After a week of wavering action, the stock market made a directional move—a lot lower—after Friday’s jobs data. Investors are concerned about the economy, and the narrative has switched from inflation worries to thinking that…
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We are always on the lookout for chart patterns. Recently, we’ve found a bearish head-and-shoulders developing on Semiconductors (SMH). Looking at the daily chart below, we can see the pattern developing. However, we do have…
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This week, the market appeared to shift dramatically from “stalling out at all-time highs” to more of a “big time risk-off selloff move” kind of situation. The warning signs were building in August, but, so far,…
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In this video from StockCharts TV, Julius evaluates the completed monthly charts for August, noting the strength of defensive sectors. He then analyzes a monthly RRG and seeks alignment for the observations from the price…
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When the stock market is hobbling along, trying to determine whether the recent jobs and manufacturing data are good or bad for the economy, it’s easy to miss some of the stocks that could make…