It is a bull market for stocks. On the chart below, the S&P 500 SPDR (SPY) recently broke rim resistance of a cup-with-handle pattern and is trading near a 52-week high. The S&P 500 EW ETF (RSP) recorded a new high in late September and is leading the market since July as the bull market broadened. Moreover, over 75% of ...
As a bull market reaches an exhaustion point, market breadth indicators often tend to diverge from the price action of the benchmarks. This “breadth divergence” occurs as leading names begin to falter, and initial selling drives some stocks down to new swing lows. Today, we’ll review three market breadth indicators, outline what tends to happen at the end of a bull ...
After Friday’s stellar jobs report—254,000 jobs added in September vs. the Dow Jones forecast of 15,000—stocks and Treasury yields initially reacted with a big jump. The data confirms the strength of the labor market and the US economy. Let’s not forget, though, that a devastating hurricane ripped through six states, leaving people homeless, isolated, and without power. The hurricane would ...
In this StockCharts TV video, Mary Ellen highlights the continuation rally in AI-related stocks while also reviewing broader market conditions. The move higher in yields as well as volatility were discussed heading into next week’s FOMC notes and inflation data. This video originally premiered October 4, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV. New videos from ...
On the back of one of the major FII selloffs seen in recent times, the markets succumbed to strong corrective pressure through the week and ended on a very weak note. The Nifty 50 remained under selling pressure; at no point in time did it show any intention to stage a technical pullback. While the weakness persisted in all five ...
During today’s market analysis Carl laid out his reasons why we believe we are at a market top. He discusses the current market price action combined with exclusive DecisionPoint indicators to substantiate his position. Don’t miss his analysis. Carl also goes though the Magnificent Seven by analyzing the daily charts for a near-term perspective and the weekly charts to give ...
Good morning and welcome to this week’s Flight Path. Equities saw the trend remain and as the week came to a close we saw more strong blue “Go” bars as price rallied close to prior highs. GoNoGo Trend shows that there has been a change in trend from “Go” to “NoGo” for treasury bond prices. After an amber “Go Fish” bar we ...
Will we see a major market top during the month of October? Dave breaks down three market breadth indicators and compares their current configuration to what we observed at the 2007 market top. He then goes through the charts and reviews market topping conditions from a breadth perspective using the McClellan Oscillator, Stocks Above the 50-day Moving Average, and New ...
One year ago, Iran took a gamble and started a war in Gaza with the attack by Hamas that killed nearly 1,200 Israelis, including over 40 Americans, and took more than 200 hostages A year later, it is clear that Iran is losing this war. For his part, Ayatollah Khamenei on Friday, October 4, 2024, remembered the massacre as ...
Tali Hadad is a 49-year-old mother of six and a kindergarten teacher whose days would normally be spent teaching basic reading, math and social skills to 5-year-olds. She never imagined that one day she would be forced to make life-or-death decisions while under fire in the middle of a war zone. But on Oct. 7, 2023, she was thrust into unimaginable ...
Hezbollah rockets hit Haifa, Israel’s third-largest city, on Monday in the first direct attack on the city since the conflict began. Hezbollah’s ‘Fadi 1’ missiles landed in Haifa early Monday morning as the country began to mark the one-year anniversary of the Oct. 7 massacre. Two rockets hit Haifa and five more hit the city of Tiberias, which lies about ...
With less than six weeks before the election, Vice President Kamala Harris has been striking a populist tone, especially when it comes to taking on Big Pharma in her stump speeches. At a recent campaign rally, she touted her tie-breaking vote to pass the Inflation Reduction Act, which granted Medicare the ability ‘to go toe-to-toe with Big Pharma and negotiate ...