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Market action remained somewhat low key yesterday, with only the NASDAQ trading any action of note. The NASDAQ is fast approaching the next resistance level of the February(!) breakdown gap—this...
Equity markets shrugged off Mr.Buffet's recent dumping of his airline stocks and reversed what looked like a serious selloff in the making.Oil and energy bounced off very depressed prices ignoring the...
Subscribers to my CEF Insider service are asking me a lot about corporate bonds these days, so today we’re going to take a close look at it—and what it means for bond funds.First,...
To follow up on the Daily featuring the weekly channel in Biotechnology or IBB:Since this is a weekly chart, what matters most is the weekly close. That means that intra-week, we can consider price...
Stocks opened yesterday with a bearish gap, yet the 50% Fibonacci retracement withstood the test, and the bulls staged a comeback. Let’s dig deeper into the health of the comeback – does...
For the iShares Russell 1000 Growth ETF (NYSE:IWF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $188.55 per unit. With IWF trading at a recent...
There were modest gains across the indices yesterday, as markets digested last week's losses. The 'bull trap' and gap down remains a major concern for the S&P as Monday's buying only made a small...
Based on recent price action, Friday's loss was relatively light, but it could prove to be of greater significance in the weeks ahead. It chalked two bearish markers on the S&P in confirming...
After devouring the bears this month (+13% on average), the bulls needed some Tums to digest overeating this week. What happens next seems to be a coin toss. However, two things are clear, first,...
In my April 31st presentation on Stockcharts, I begin by walking you through the Economic Modern Family: (Russell 2000, Retail ETF (NYSE:XRT), Biotechnology ETF (NASDAQ:IBB), Regional Banking ETF...
Biggest Rally Since 1974Could “Sell In May” be a good risk strategy this year? Maybe, considering we asked a simple question last week: “Is the bear market rally over?”...
Recently, the Transportation Index and the S&P SPDR ETF (NYSE:SPY)setup topping patterns near the end of April 2020. In terms of technical triggers, these patterns need to see additional downside...
Is it Hi-Yo silver miners Time for miners? We could find out soon, as Silver Miners ETF (NYSE:SIL) is testing a key breakout level. The sharp decline in March saw SIL test the 2015 lows, creating the...
Losses still dominate year-to-date results for all the main regional slices of global stock markets, but China is holding on to it leadership position by posting a modest decline, based on a set of...
For the first time during this crash, as of yesterday, Small Caps (via iShares Russell 2000 ETF (NYSE:IWM)) have begun to swing into a position of leadership with a breakout. The April 'bull...