In this StockCharts TV video, Mary Ellen reviews the broad-based rally that pushed the Equal-Weighted SPX to new highs. She also shared base breakouts and downtrend reversal candidates in the now hot Retail space, and takes a close look at 3 old school stocks that are seeing AI-related growth. This video originally premiered November 22, 2024. You can watch it on our ...
President-elect Trump will take office just as Iran has the potential to become the world’s 10th nuclear-armed state, and it’s unclear if either side knows how it will approach the other. Judging by Trump’s last time in office, it would suggest he would come out the gate with a combative tone — having instituted a ‘maximum pressure’ campaign to ‘bankrupt’ ...
The last full trading week before the Thanksgiving holiday has ended on a positive note. Following up on yesterday’s blog post, the S&P 500 Equal Weighted Index ($SPXEW) has continued to outperform the S&P 500’s price action and hit a new all-time high. Similarly, the Nasdaq 100 Equal Weighted Index ($NDXE) is close to its all-time high (0.10% away from ...
I’ve always found technical analysis to be a fantastic history lesson for the markets. If you want to consider how the current conditions relate to previous market cycles, just compare the charts; you’ll usually have a pretty good starting point for the discussion. As we near the end of an incredibly bullish year for the S&P 500 and Nasdaq, I’m seeing ...
President-elect Donald Trump tapped former Florida Attorney General Pam Bondi on Thursday to head up the U.S. Department of Justice in his second term—a swift decision but one met with little surprise among many in Trump’s orbit. That’s because Bondi, 59, has emerged as a close ally of the president-elect in recent years—including defending him in his impeachment proceedings, and ...
Marc Joffe and Krit Chanwong Federal reforms in 2025 may give states both the flexibility and incentives they need to rein in spiraling Medicaid costs. As we discussed in a February 2024 Cato Policy Analysis, the Biden administration gave states few opportunities to improve the cost-effectiveness of their Medicaid programs, but this is likely to change under the second Trump ...
Former Florida Rep. Matt Gaetz said on a podcast Friday he will not be joining Congress next year, settling an issue that had been the subject of intense speculation in the hours after he withdrew his name from consideration as attorney general. Gaetz had resigned last week from the 118th session of Congress, but it was unclear whether he would ...
Rep. Elise Stefanik, R-N.Y., met with 10 senators in the first two days of meetings while courting approval as President-elect Donald Trump’s nominee for U.S. ambassador to the United Nations. Stefanik, the current House GOP chair, communicated her record supporting Israel and combating antisemitism to Republican senators as the upper chamber must approve her appointment to Trump’s Cabinet. Kicking off ...
Even though trading based on chart analysis involves some discretionary decisions, chartists can improve the odds of success by systematizing their process. This report will show four prerequisite filters based on a top-down approach. We will start with the broader market, look at the sector, and then apply two qualifying filters to the stock. First, I would make sure we ...
Former Republican Rep. Mike Rogers is no longer under consideration to lead the Federal Bureau of Investigation in the incoming administration, according to a senior adviser to President-elect Donald Trump. Dan Scavino, who will serve as deputy chief of staff in the new White House, posted on social media Friday that a Rogers hire is ‘not happening.’ ‘Just spoke to ...