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Trend Mode Versus Corrective Mode - Playing the Pullbacks (8 Stock Setups)

by Arthur Hill

SPY and QQQ Lead the 2018 Surge. Moving from Corrective Mode to Trend Mode. Déjà vu for HRB and ACH. Playing the Short Correction (NEWM, LYV, YUM). AXL Breaks Out of Big Correction. LPX Makes Good on Third Bounce. AGCO Forms Classic Bullish Continuation Pattern. SPY and QQQ Lead the 2018 Surge  Stocks continued their January romp with further gains on Thursday and Friday  Read More

Media Agencies, Consumer Discretionary Lead Latest Advance

by Tom Bowley

Market Recap for Friday, January 12, 2018 U.S. equities had another nice rally on Friday, this time led by a very strong consumer discretionary sector (XLY, +1.29%).  Eight of the nine sectors finished higher, with utilities (XLU, -0.57%) the only area failing to participate.  The XLU tends to struggle when treasury yields are rising, but the past three days have seen the XLU free  Read More

Using Relative Rotation Graphs(R) to get a handle on both price- and relative rotation in ONE picture

by Julius de Kempenaer

In my last blog, we looked at the 30 components of the Dow Jones Industrials Index and more specifically at the relative positioning and relative rotation of these 30 stocks around their common denominator the DJ Industrials index ($INDU). And despite the fact that this is valuable information you may want to keep an eye on the (absolute) price trends that are in play within that universe as  Read More

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Several Intermarket Relationships Are Forecasting Higher Commodity Prices

by Martin Pring

CRB Composite nudging through mega resistance Key intermarket relationships starting to point in an inflationary direction Inter-asset ratios also confirm the inflationary scenario Euro breaks to the upside   CRB Composite nudging through mega resistance Late last month I wrote about several charts I was watching for a possible breakout in 2018. One of them was the  Read More

Building a Rules-Based Trend Following Model - 2

by Greg Morris

In my first article of this series I outlined the concepts that would be discussed in this series. See HERE.  In this article we need to discuss some of the building blocks that will be used and how to interpret them. Description of Binary and Analog Measures  Read More

Reaccumulation Review

by Bruce Fraser

A big thank you to Erin Swenlin and Tom Bowley for hosting me on MarketWatchers LIVE this past Wednesday. I had a blast being on their excellent (and Live) market program. The Wyckoff topic we covered was Reaccumulation structures. There were a few interesting intra-day charts that we did not have time to show. Let's look at those charts here and use them for a general review of the very  Read More

1/12 - MarketWatchers LIVE Recap - 2018 Market Forecast - DP Sentiment Report

by Erin Swenlin

  Welcome to the recap of Friday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

DP Weekly Wrap: Zoom!

by Carl Swenlin

Positive events resulting from the recent tax cut legislation continued to lift the market this week, bonuses and pay raises being most prominent in the headlines. I'm sure that there is a substantial element of anticipation as to the positive effects of corporate taxes being cut by 40%, but I think it will take a while before we have an accurate assessment of the bottom line. At any rate, I  Read More

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EURO REACHES THREE-YEAR HIGH AGAINST DOLLAR -- THAT'S GOOD FOR COMMODITIES

by John Murphy

EURO REACHES THREE-YEAR HIGH Yesterday's message showed the euro on the verge of a new three-year high. The weekly bars in Chart 1 show the eurozone currency achieving that bullish breakout in today's trading. I also mentioned yesterday that a move above 1.20 would push the common currency above a long-term resistance line. That's the red line Chart 1 which is drawn  Read More

Expedia (EXPE): Perfect Opportunity or Bad Weather Ahead?

by Greg Schnell

Expedia is at a huge point of reckoning here. Will this be a perfect opportunity or bad weather ahead? First of all, this $130 level was huge resistance before. When Expedia broke through, it soared to the upside. Recently, the stock had a terrible week losing 20%. But we saw this back in 2013. The stock soared from a beaten down status for the next four years. Digging deeper, we are  Read More

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Weekly Market Review & Outlook (w/ Video) - Animal Spirits Coming to a Small Cap Near You

by Arthur Hill

A Change in Market Regime. Be Careful with the Price Relative. Small-caps are Just Getting Started. Animal Spirits Find IJR. SPY "Overbought" Period Hits Day 70. Seven of Ten Sector SPDRs Hit New Highs. Two Small-cap Sectors to Watch. 7-10 YR T-Bond ETF Extends Breakdown. Gold Stalls after Breakout. Oil Extends Uptrend. Notes from Art's Charts ChartList.  Read More

Oracle (ORCL) Needs To Double Dribble

by Greg Schnell

Oracle stock (ORCL) has been languishing lately, but the stock showed up this week on one of my weekly scans. When I started to look more deeply, I noticed that signals on the Full Stochastics panel usually need to double bounce or double dribble. It starts to bounce up then rolls over and takes roughly three months to make the second tradable low. The crossing of the 20 line  Read More

Small Caps Lead With Powerful Rally; Airlines Prepared For Takeoff

by Tom Bowley

Market Recap for Thursday, January 11, 2018 The small cap Russell 2000 ($RUT) led U.S. indices higher on Thursday with more across-the-board record highs being set.  The RUT gained 1.73%, more than doubling the advance on any of the other major indices.  There were plenty of reasons, but leadership from energy (XLE, +2.05%) and consumer discretionary (XLY, +1.63%)  Read More

Coal And Steel Rocket Higher - Recording 2018-01-11

by Greg Schnell

Steel and Coal rocket higher Gasoline and Heating Oil continue higher Brent works toward $70, $WTIC works toward $65 Natural Gas has a record withdrawal, sudden surge The currencies are critical to watch here In what was a huge week for Steel stocks and coal stocks, this was almost vertical.  Gasoline and Heating Oil confirmed the move in oil. Brent hits $70, $WTIC works toward  Read More

Strong Stocks Leading to Bear Market in Bonds and Men?

by Tushar Chande

Bill Gross announced irreverently that there is now a bear market in bonds and men.  Elsewhere, Ralph Acampora opined  Read More

Bad News for Bonds - New IT Trend Model Neutral - 30-Yr Yields Prepare for Breakout

by Erin Swenlin

Today I received notice that TLT had triggered a new Intermediate-Term Trend Model (ITTM) Neutral signal. I decided to take a look at $TYX to see if yields were lining up with the action on TLT. Of course the relationship between TLT and $TYX is inverse, so a bearish TLT chart should yield (no pun intended) a 30-Yr Treasury Yield chart that is bullish. It did, only in a slightly different way  Read More

1/11 MarketWatchers LIVE Recap - SCTR Update - "Drilling Down" - Anatomy of a Trade

by Erin Swenlin

  Welcome to the recap of Thursday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

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A TEN-YEAR TREASURY YIELD MOVE ABOVE 2.62% WOULD PAVE THE WAY FOR 3% YIELD LATER THIS YEAR -- THAT WOULD PUT THE THIRTY-FIVE YEAR DECLINE IN BOND YIELDS IN JEOPARDY

by John Murphy

A LONGER TERM LOOK AT RISING BOND YIELDS Chart evidence of a major upturn in Treasury bond yields continues to grow. The weekly bars in Chart 1 show the 10-Year Treasury yield ($TNX) nearing a test of its late 2016 intra-day peak at 2.62%. A decisive move above that chart barrier (which appears likely) would put the TNX on a path to a much more important resistance  Read More

Major Indices Fall, But Pare Losses

by Tom Bowley

Market Recap for Wednesday, January 10, 2018 We saw losses across our major indices on Wednesday, but the bulls spent most of the day recovering from steeper losses just after the opening bell.  Losses were inconsequential as they ranged from 0.02% on the aggressive Russell 2000 (small caps) to a whopping (sarcasm) 0.14% on the NASDAQ.  Before the market opened on  Read More

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Focusing on Cyber Security with Two Stocks to Watch

by Arthur Hill

Cyber Security ETF Surges to New High. Two Cyber Security Stocks to Watch. Finisar Bounces off Key Retracement. Win Some and Lose Some (AYI, BLL). Cyber Security ETF Surges to New High The Cyber Security ETF (HACK) lagged the broader market from June to mid November, but caught fire and broke out to new highs. Overall, the big pattern at work is an inverse head-and-shoulders  Read More

1/10 MarketWatchers LIVE Recap - Everything Wyckoff with Bruce Fraser

by Erin Swenlin

  Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

Will Legalization Continue To Stoke Medical Marijuana Investors?

by Greg Schnell

Many stocks are up 100% or more Most have seen dramatic volume surges For Canada, Marijuana within the Healthcare Sector has been one of the single biggest performers over the last month. Let's review what is going on here. The last month shown on the first table has seen spectacular gains. The Percentage Change column is remarkable. The Marijuana stocks have had a wild week. This is a  Read More

Ready to Roll the Dice with MGM?

by Arthur Hill

MGM Resorts (MGM) is gearing up for a resistance challenge and the speculator in me expects a breakout. First and foremost, MGM is in a long-term uptrend with the September 7th spike marking a 52-week high. The 50-day EMA is also above the 200-day EMA and price is well above the rising 200-day EMA.  The stock surged some 15% from mid October to late November with a move to the resistance  Read More

JNJ Breaks Out; Why Pharmas Could Lead The Market In 2018

by Tom Bowley

Note At the bottom of this article, you can type in your email address and hit the green "Notify Me" button to subscribe to my blog for FREE!  Then my article will immediately be sent to your email address upon publishing.  Thanks! Market Recap for Tuesday, January 9, 2018 It took quite a bit of effort for the bears to stop the bulls' winning streak, but the  Read More

1/9 MarketWatchers LIVE Recap - Sector Analysis - Under the Radar

by Erin Swenlin

  Welcome to the recap of Tuesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

Roll Out The Barrels And TAP It

by Greg Schnell

As the market absorbs the early days of 2018, there is a huge movement underlying the market. The bonds are breaking down, the $USD has completed a base and is starting to rise, and commodities like Gold and Silver are starting to soften. The stock TAP looks like it is changing too. The chart of Molson Coors (TAP) has also been rising up after being in a year long  Read More

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Bond Yields Are Breaking Out All Over

by Martin Pring

Basic changes in long-term momentum The five-year maturity is signalling an end to the secular decline in yields Twenty-year yield showing signs of basing Ten-year attacking mega down trend line From a short-term aspect bond prices look vulnerable Utilities about to crash? Basic changes in long-term momentum Since the beginning of 2017 of yields of differing maturities have  Read More

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TEN-YEAR TREASURY YIELD JUMPS TO NINE MONTH HIGH -- BANK OF JAPAN CUTS BOND PURCHASES

by John Murphy

TEN-YEAR TREASURY YIELD REACHES HIGHEST LEVEL SINCE MARCH Chart 1 shows the 10-Year Treasury Yield ($TNX) climbing 5 basis points to 2.53% which is the highest level since last March. That leaves little doubt that the trend for Treasury yields is upward. Part of the reason for today's jump in yields may be due to the fact that the Japanese central bank cut its  Read More

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Small Caps and Banks Looked Poised to Move - Plus Three Bullish Healthcare Stocks

by Arthur Hill

Small-cap ETF Triggers a Signal. Regional Bank SPDR Gaps within a Triangle. Earnings Season Starts Soon. Five Automakers Hit New Highs - Who's Next? Three Healthcare Stocks Setting Up Bullish. Small-cap ETF Triggers a Signal        The S&P SmallCap iShares (IJR) hit a 52-week closing high on Monday and triggered a bullish signal. Note that I  Read More

The Dow Jones Ends Its 2018 Winning Streak.....Barely

by Tom Bowley

Market Recap for Monday, January 8, 2018 After mostly a weak start on Monday, our major indices resumed their bullish ways and finished with positive returns.  The lone exception was the Dow Jones, which dropped 13 points to end its impressive winning streak to open 2018.  Weakness in Unitedhealth Group (UNH), Goldman Sachs (GS), Walt Disney (DIS) and General  Read More

DP Alert: Bullish Indicators, But isn't it Time for a Pause? - Flag or Island Reversal on USO?

by Erin Swenlin

Carl always told me that you shouldn't put questions in the title of your articles unless you plan on answering them. I will. First, I want to point out the all green DecisionPoint Scoreboards. As I told listeners this morning, since I've been tracking these Scoreboards over three years, this is only the second time they have been all green; and the first time it only lasted two days and the  Read More

1/8 MarketWatchers LIVE Recap - Monday Set-Ups - DecisionPoint Report

by Erin Swenlin

  Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p  Read More

Will Price Follow Volume for Broadcom?

by Arthur Hill

Broadcom (AVGO) fell on hards time in December with a decline to the breakout zone, but this zone ultimately held and it looks like the uptrend is ready to resume. First and foremost, AVGO is in a long-term uptrend after the big breakout in October and the 52-week highs in November. This long-term uptrend means I am focused on bullish setups and pullbacks within the uptrend.  The December  Read More

Selecting stocks to watch (and avoid) in the Dow 30 using Relative Rotation Graphs(r)

by Julius de Kempenaer

  The Relative Rotation Graph shows the members of the DJ Industrials index against $INDU. This is a so-called closed universe which means that all elements that make up the universe are present in the plot. If we would calculate all the distances (vectors) from the center of the chart to the various stocks (market cap weighted) and add them up the result would be zero. The two stocks that  Read More

No Jobs? No Problem! U.S. Equities Soar Despite Weak Report

by Tom Bowley

Market Recap for Friday, January 5, 2018 Not even a disappointing jobs report on Friday could slow down this bull market train.  U.S. futures were strong before the release of December's nonfarm payrolls and they didn't give up a thing after the release, which showed that jobs were reported at 148,000, well short of the 191,000 forecast.  The bond market did initially  Read More

2018 Stock Market Forecast

by Tom Bowley

HAPPY NEW YEAR! In my first Trading Places blog article of 2018, "Here's One Chart That Screams BUY As We Begin 2018", I highlighted my favorite relative chart in the Current Outlook section.  It's one of the biggest reasons why I believe 2018 will simply be an  Read More

Global Stocks Start Year With a Bang, S&P 500 is Well Into a Five-Wave Advance

by John Murphy

Global stock markets started off the new year with a bang. U.S. stock indexes exploded to record highs for the best start in years. Foreign stock benchmarks did the same, including the FTSE All World Stock Index which also hit a new record. New records were set in North America, Europe, and Asia and in both developed and emerging markets. So what's there not to like? Well, there is one thing  Read More

Here's A Trading Strategy That Works In Any Market

by John Hopkins

Ultimately, the U.S. stock market lives and dies by the performance of its economy and how that translates into earnings growth of U.S. companies.  Nearly every economic report that we've seen of late has been strong or strengthening.  The number of companies that are performing well on their top and bottom lines has been growing.  It's evidenced by the number of stocks that we  Read More

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GLOBAL STOCKS START YEAR WITH A BANG WITH STOCKS AROUND THE WORLD HITTING NEW RECORDS -- BUT THE S&P 500 INDEX IS THE MOST OVERBOUGHT IN TWENTY YEARS

by John Murphy

S&P 500 IS MOST OVERBOUGHT SINCE LATE 1990S Global stock markets started off the new year with a bang. U.S. stock indexes exploded to record highs for the best start in years. Foreign stock benchmarks did the same, including the FTSE All World Stock Index which also hit a new record. New records were set in North America, Europe, and Asia and in both developed  Read More

Symantec (SYMC) Looks Well Supported Heading Into 2018

by Greg Schnell

Symantec (SYMC) spent 18 months rising off the lows of 2016. But since February of 2017, it has continually tested, found support at and held $28.00. This week the stock pushed off that level one more time. There are good reasons to look at a trade here. The relative strength of SYMC has been beaten down as shown by the SCTR ranking. However, this week it closed at 2 month highs with the SCTR  Read More