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A Momentum Break for Ross Stores

by Arthur Hill

Ross Stores (ROST) recently bounced off its rising 200-day SMA with a bullish candlestick pattern and short-term RSI broke to its highest level of the month. It looks like the short-term pullback is ending and the bigger uptrend is resuming. ROST plunged in November-December with a sharp decline below the 200-day SMA. This plunged caused the 200-day to flatten in December, but it never really  Read More

Financial Administration Relative Strength - When Will It End?

by Tom Bowley

Market Recap for Friday, May 17, 2019 Friday offered up a mixed bag.  Our major indices were either higher or near the flat line with an hour left in the trading day.  Then more discussion surfaced that US-China trade talks had stalled.  That sent U.S. equities spiraling lower, especially areas that have been hit hard previously by trade talk failures like semiconductors ($DJUSSC  Read More

Lower Highs, Lower Lows

by Greg Schnell

After opening with a sharply down Monday, the market spent the rest of last week trying to make up lost ground. On Friday, the morning started off weak, rallied through the morning and then fell, finishing near the day's lows into the close. Friday's reversing price action is not an optimistic finish for the week, as the market clearly lost some of  Read More

Special Weekly Note: Markets Set To Face A Volatile Week; Placed Differently Than In 2014

by Milan Vaishnav

The Indian equity markets witnessed one of their most volatile weeks in the recent past, oscillating back and forth in a relatively wider range before ending the week with a modest gain. After facing downward pressure in the initial days of the week, the NIFTY saw itself turning positive on the final trading day, ending with gains of 128.25 points (+1.14%). The 7-phase  Read More

My New Favorite Scan - Excellent Results Using SCTR and Rising PMO

by Erin Swenlin

If you watch MarketWatchers LIVE regularly, you've probably heard about my new scan. I've found, especially when the market has a bearish bias, that my original Price Momentum Oscillator (PMO) scan wasn't producing any results. I consider this a caution flag before I get too involved with the results of my new scan. The original scan is below. Its requirements are quite high, so I won't  Read More

5/17 MWL: What's Hot, What's Not - What Would You Do?

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on   Read More

5/16 MWL: Dissecting the Nasdaq 100 - Sector Rotation

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on   Read More

Celebrating An Investor's Obituary

by Gatis Roze

I've begun writing my own obituary.  No worries.  I don't have any incurable health issues to be concerned about.  It's simply an exercise that I believe will have value and will be beneficial to my investment efforts.  The catalyst for this rather unusual undertaking was James Hagerty's piece in the Wall Street Journal on April 22, 2019.  Hagerty's professional job is  Read More

Weekly Sector Rankings Show a Defensive Market

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, May 17th at 4:49pm ET. The table in Chart 1 plots the relative performance of the eleven market sectors for the week. And they show a generally defensive market. That can be seen by the fact that REITs, utilities  Read More

DP WEEKLY WRAP: Double Top Scenario Still Fits

by Carl Swenlin

Last week I asserted that the market was in the process of forming a major double top. This week, in spite of some price action attempting to refute that assertion, the double top is still evolving. So far the rally attempt appears to have failed, and the thin volume says that there is not as much conviction behind the rally as there ought to be. Specifically, I am referring to the SPX Volume  Read More

Banks Around The World Drop

by Greg Schnell

From what I can see, global bank charts are continuing to weaken. The banks as a whole have rolled over in the last two weeks, but we have some major banks around the world making new multi-year lows. This is problematic. First of all, we have the chart for KBE below. If this is an average of the banks, that average is now below both the 10-week and 40-week moving averages. The price  Read More

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WEEKLY SECTOR RANKINGS SHOW A DEFENSIVE MARKET -- SAFE HAVENS WERE MARKET LEADERS

by John Murphy

WEEKLY SECTOR RANKINGS SHOW DEFENSIVE MARKET The table in Chart 1 plots the relative performance of the eleven market sectors for the week. And they show a generally defensive market. That can be seen by the fact that REITs, utilities, and consumer staples are the three top sectors for the week. The weakest sectors are financials, industrials, cyclicals, technology, and materials  Read More

A Bearish Failure Swing for the Russell 2000

by Arthur Hill

The bearish failure swing is a bearish RSI signal from Welles Wilder, creator of RSI. Note that this signal is NOT the same as a bearish divergence, even though a bearish divergence is also possible at the same time. A bearish failure swing has four parts: RSI moves above 70 (1), RSI falls back below 70 (2), RSI rises and fails to exceed 70 (3), RSI falls below the intermittent low (4).   Read More

Walmart Fires Up The Jet $WMT

by Greg Schnell

A few years ago, Walmart bought Jet.com, an online retailer. It was a big purchase of an unprofitable retailer, but the expertise of the online platform management was part of the action. On that note, Walmart reported strong earnings numbers yesterday above street expectations, crediting their online initiative for the growth. (The revenues were a touch light.) Walmart has allowed the online  Read More

Here's What a Double Looks Like

by John Hopkins

Every trader dreams of owning a stock that doubles. If it can happen in just six months, even better. This has been the case for Twilio (TWLO), a stock featured during our Top 10 Stock Picks webinar in November of 2018 that has doubled in price since the November 20 bottom of $71.56.  You can see in the chart below that the stock came close to revisiting that November 20 bottom  Read More

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Weekly Market Review & Outlook - Risk Aversion in the Air

by Arthur Hill

Defensive Sectors Have Strongest Charts. Offensive Sectors Have Yet to Break Down. S&P 500 Gets a Bounce. A Bearish Failure Swing for the Russell 2000. Large-caps Lead New High List. Discretionary and Communication Sectors Take Hits. Housing versus Retail. Software versus Semis. Treasury Bonds Extend on Breakouts. Measuring Risk with Bond Ratios. Yield Spread Ticks Higher. Art's Charts  Read More

Cisco Earnings Drive Telecom Equipment Higher

by Tom Bowley

Market Recap for Thursday, May 16, 2019 Cisco Systems, Inc. (CSCO, +6.66%) reported its latest quarterly results after the bell on Wednesday, beating both revenue and EPS estimates, and provided a solid outlook.  It was just what the telecom equipment group ($DJUSCT, +4.53%) needed after trending lower for the past month and fading on a relative basis vs. the benchmark S&P 500: I would  Read More

Things That Can Screw Up Your Investing!

by Greg Morris

I've written before about heuristics and cognitive biases in my Know Thyself series from a couple of years ago.  Here I put together a list of them with short definitions and explanations.  That space between your ears is generally a horrible investment decision maker. Anchoring Bias – Too often investors base decisions on the first piece of  Read More

Will this break in IEF be able to hold up?

by Julius de Kempenaer

Browsing some Relative Rotation Graphs, the relationship between Stocks and Bonds, once again, drew my attention. When I shifted to their respective charts I decided that the current price action of IEF as shown in the graph above deserves our, or at least my, attention. This ETF that tracks the performance of 7-10 year Treasury bonds broke above an important horizontal  Read More

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AMAZON.COM AND LENNAR LEAD CONSUMER DISCRETIONARY SECTOR HIGHER -- ADOBE AND CISCO LEAD TECHNOLOGY

by John Murphy

CONSUMER DISCRETIONARY SPDR REGAINS 50-DAY LINE Stocks are having another strong day today with all eleven market sectors in the red. Cyclical stocks are helping lead it higher. Chart 1 shows the Consumer Discretionary SPDR (XLY) trading back over its 50-day average (blue line). Two of its biggest gainers are shown below. Chart 2 shows Amazon.com  Read More

Is The 6 Week Relative Outperformance In Financials Over?

by Tom Bowley

Market Recap for Wednesday, May 15, 2019 Falling treasury yields put a lid on many industries within financials (XLF, -0.37%), while renewed strength in the U.S. Dollar Index ($USD) kept pressure on materials (XLB, -0.26%).  Other than those two sectors, it was primarily a very bullish day.  The NASDAQ was the best performing index, gaining 1.13%.  There was fairly wide  Read More

How to Invest Without Suffering from Behavioral Biases

by Brian Livingston

We make poor decisions when presented with financial data, because the subsconscious mind is in control of our interpretation of the facts. • Simply saying, 'I will not be affected by my subconscious mind,' is pointless. That very statement could well be another head-fake by parts of your brain that are not apparent. Fortunately, we now have tools to make better choices. FigureRead More

DP Alert Mid-Week: ST Indicators Rising Quickly, Not Necessarily Good - XLB ITTM Neutral Signal

by Erin Swenlin

Short-term signals on the DecisionPoint Scoreboards below certainly reflect the market's weakness this month. It would seem that we are bouncing at a critical juncture. The Materials SPDR (XLB) collected an Intermediate-Term Trend Model Neutral signal, which you'll see on the DP Sector Scoreboard.  The DecisionPoint Alert presents a mid-week assessment of the trend  Read More

5/15 MWL: Christopher Brecher "Trading IPOs" - Watch Your Stop

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on   Read More

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SEMICONDUCTOR ISHARES BOUNCE OFF CHART SUPPORT -- WITH APPLIED MATERIALS AND LAM RESEARCH IN THE LEAD

by John Murphy

SEMICONDUCTOR ISHARES BOUNCE OFF CHART SUPPORT Technology stocks are helping lead today's stock rebound. With help from semiconductors. Chart 1 shows the PHLX Semiconductor iShares (SOXX) bouncing off potential chart support along its August/September highs near 190. Its 9-day RSI line (upper box) is also bouncing from oversold territory. It would be encouraging to  Read More

Boeing is Big

by Bruce Fraser

The Dow Jones Industrial Average ($INDU) is the granddaddy of stock indexes. Charles Dow created the predecessor of this index in 1880s. The publication and distribution of this index was the forerunner of the Wall Street Journal. Eleven important leadership stocks composed this original stock index. The calculation was made by adding together the closing stock prices and dividing the  Read More

April Retail Sales Are Out, But Will It Help?

by Tom Bowley

Market Recap for Tuesday, May 14, 2019 We've seen little economic or earnings news of late and that's beginning to show in the randomness of the huge S&P 500 moves based on President Trump's tweets regarding US-China trade.  Sometimes it's simply rumors swirling that's been taking center stage.  In any event, the swings have been dizzying and yesterday was another example as the  Read More

Is GE for Real This time?

by Arthur Hill

General Electric (GE) is one of the worst performing stocks over the last two years, but the stock is perking up in 2019 and outperforming in May. The S&P 500 is down 3.8% so far this month and GE is up 1.5% after a big surge on Tuesday. GE is trying to reverse the long-term downtrend with a move above its 200-day SMA over the last two weeks. The stock broke above this key moving average  Read More

Climactic Indicators Suggest Possible Buying Initiation

by Erin Swenlin

At present, it appears that the DecisionPoint climactic indicator chart could be suggesting a possible buying initiation. This is tricky. With volatility so high right now, often what appears to be an initiation isn't always the case. Climactic readings can persist, as we've seen with the $VIX. The first item to notice is the $VIX on the chart below. I have the scale inverted so that very high  Read More

5/14 MWL: Moving Average Workshop with Erin - Turning Point

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on   Read More

Is This Defense Stock Preparing For Take Off?

by Greg Schnell

In a market with 240-point swings based on 240-character tweets, it can be pretty hard to pick a direction. While the market churns through this current trade debate, we have a few more such debates on tap with Europe and Japan. As car tariffs with Europe could potentially start this weekend, the uncertainty looks set to continue.  With all this going on, it  Read More

Gold Pops As The Stock Market Drops

by Julius de Kempenaer

After a struggle with resistance around its previous high of 2940, the S&P 500 index failed to break and started to come down off of its highs. A lot of political and fundamental issues and news are influencing the behavior of market participants at the moment; this uncertainty has resulted in a rally of the VIX index for the time being. In times like these, people  Read More

Seasonality Highlights An Average 36.3% Spring To Summer Gain For This Stock

by Tom Bowley

Market Recap for Monday, May 13, 2019 It was a very rough day on Wall Street yesterday.  Mondays are historically the worst day of the week, but I doubt too many market participants were expecting the blood bath that we saw.  Aggressive areas of the market were hit hardest, including the NASDAQ and Russell 2000, which fell 3.41% and 3.18%, respectively.  The sectors hit hardest  Read More

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Four Steps Up and One Step Back - Another 90% Down Day - Breadth Update

by Arthur Hill

Triple 90% Down Volume Day. Breadth Table Update. Four Steps Up and One Step Back. SPY Hits Support and Becomes Oversold. Interest in Tariffs and Fed. Triple 90% Down Volume Day Stocks were hit with strong selling pressure again on Monday with the S&P 500 SPDR falling 2.5%, the Nasdaq 100 ETF plunging 3.5% and the Russell 2000 iShares losing 3.2%. Advance-Decline Percent  Read More

When to Use a Computer and When to Use Your Brain

by Brian Livingston

It's well-established that computers outperform the best human players in chess, poker, Go, and other skills. The same is true in the game of investing. • We can use this fact to boost our long-term performance. Simple computer formulas outdo financial experts. Their minds and ours are clouded with 'behavioral biases' that economists have proved are baked into our human decision-making  Read More

5/13 MWL: Monday Setups - Earnings Spotlight - DecisionPoint Sentiment Update

by Erin Swenlin

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Here is a link to today's show. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on   Read More

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Gold Breaks Out Against Stocks; What Does That Mean, Apart From The Obvious?

by Martin Pring

Gold Breaks Out against Stocks Gold Itself is about to Test Mega-Resistance When Gold Beats Stocks, that's usually Bullish for Gold - and Bearish for Stocks Gold Leads Commodities Gold Breaks Out against Stocks Monday saw the gold/stock ratio break decisively above its 2019 downtrend line. The line itself is not that significant, having only been touched on two occasions. However,  Read More

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CHINESE RETALIATORY TARIFFS SEND GLOBAL STOCKS LOWER AGAIN -- TRADE-SENSITIVE ASSETS LEAD TODAY'S RETREAT WHILE SAFE HAVENS CONTINUE TO GAIN

by John Murphy

STOCK SELLING CONTINUES Stock prices fell sharply again today and are continuing the trade-inspired selling that started last week. Retaliatory tariffs announced by China appear to be the main catalyst pushing global stocks lower. As a result, markets with the most exposure to trade tensions and Chinese tariffs are falling the most, while traditional safe havens continue to do better  Read More

Trade Talks Wear On The Market - Market Roundup

by Greg Schnell

After a rough week of market action, hiding was difficult as the trade brush painted everything with the same colour - red. Every sector was in trouble, but the growth sectors were the weakest. While the market weakness may have surprised a few, this is now the third straight week that the defensive sectors drove the leadership. The chart below shows the sector performance over  Read More

5 Monday Stocks With Strong Reward To Risk Setups

by Tom Bowley

Market Recap for Friday, May 10, 2019 After another morning of very weak action in U.S. stocks, we saw another afternoon recovery on Friday as all of our major indices finished in positive territory.  It certainly felt good, but the truth of the matter is that nothing has been resolved that was feeding into the market's nervousness last week and we're seeing more selling this morning as  Read More