My preference is to trade strong stocks that are simply consolidating and ridding themselves of weak hands, hopefully just in time to ride the next wave higher. Software ($DJUSSW) has been consolidating for the past couple months and appears poised to rebound from its
Military Academy cadets prepare for pass and review before a football game in West Point. 2008. Washington, DC is going through its annual budget charade. The US Congress is no longer capable of approving individual budgets and appropriations. Instead, a handful of leaders make omnibus deals
A parade under banners condemning kulaks (prosperous peasants) as “wreckers of agriculture,” during the disastrously deadly collectivization of Russian farming. ~1929-34. The Biden administration last week rolled out new emissions regulations that the New York Times said will “transform the American automobile market.” In what the
In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond minor incremental highs and may largely continue to stay under consolidation. In line with the analysis, the Nifty did form a
In today’s tech-driven era, the demand for skilled professionals in the Internet of Things (IoT) sector is soaring. This industry, permeating sectors like manufacturing and healthcare, faces a significant skills gap. This gap extends beyond technical aspects, including the electrical and computer engineering degree required
In this episode of StockCharts TV's The MEM Edge, Mary Ellen shares what to be on the lookout for to tell if it's safe to put new money to work. She also shares the weakness in select sectors and which areas she suggests to underweight. Last up,
In this edition of StockCharts TV's The Final Bar, Dave answers questions from The Final Bar Mailbag. Today he talks about how to use the ADX indicator, how growth vs. value may have formed a double top pattern, how to use VWAP for intraday and historical analysis,
The VIX ended the week just above 16, bringing it to its highest level in 2024. What does this tell us about investor sentiment, and how does this compare to previous market cycles?Let's take a quick tour of market history through the lens of the VIX,
One day doesn't make a trend—that's one lesson we learned from this week's stock market action. The March non-farm payrolls data revealed that the US economy added 303,000 jobs, which is higher than the estimated 200,000. The unemployment rate dropped to 3.8%, down from 3.9%. After yesterday's
Strong Rotation on the Weekly RRGFor a few weeks already, the improvement in the energy sector (XLE) is becoming increasingly visible in the lengthening of the XLE tail on the Relative Rotation Graph.The recent rotation from lagging into improving on the weekly RRG is now