After the November pullback, GLD began to rally again. This week, on Wednesday, price exceeded the nearest November top, which made official the new rising trend from the November low. Brief celebration ends the following day as GLD tops, setting the top boundary for a bearish rising wedge formation. Rising wedges are bearish because they normally resolve downward. GLD has ...
Despite its position as a luxury automaker synonymous with prestige and performance, Ferrari N.V. (RACE) may be showing signs of a near-term downturn. Recent price action, coupled with stretched valuations and slowing shipment trends, suggests that RACE may face potential downside. By incorporating both technical and fundamental analysis, we can see a compelling risk/reward setup for a bearish trade. The best part? ...
Analyzing the market at the end of the trading day can offer a calmer, less volatile environment, allowing you to think more clearly when scanning for market opportunities. The StockCharts Technical Rank (SCTR) Report is usually a good place to start, as it lists top-performing stocks in different phases of their respective trends. As Wednesday’s market session approached its close, ...
Stocks can move fast, like the speed of an arrow flying through the air. And if you don’t monitor your charts, you can easily miss a trading opportunity. Last week, I wrote about CSCO stock, one of the stocks filtered in my StockCharts Technical Rank (SCTR) scan. At the time, I was waiting for CSCO’s stock price to pull back ...
With an new administration inbound in Washington, D.C., might now be a good time to jump into small-cap stocks? If you’ve heard this maxim based on the Presidential Election Cycle Theory, it has some truth to it. Small-caps tend to thrive after presidential elections as attention shifts to domestic issues and governance. Since 1980, the Russell 2000 has averaged a ...
In this exclusive StockCharts video, Joe shows how to use the MACD zero line as a bias for a stock. As opposed to offering a buy signal, this Zero line level can provide insight into a market or stock’s underlying condition; Joe shows how to refine that information with other indicators. He then covers the shifts that are taking place ...
In this exclusive StockCharts video, Julius gives a quick update on sector rotation, then examines the strength uncovered in Consumer Discretionary. He analyzes names like TSLA, AMZN, and LULU; some are in full swing uptrends, but there are also a few names that are on the verge of turning around a long (relative) downtrend. This video was originally published on ...
Tony and Grayson are back with another informative video highlighting the opportunities the OptionsPlay add-on brings to the StockCharts platform. Tony highlights income generation ideas you can find with the add on. Together, the duo also cover the strategy center, and the SharpCharts and ACP widgets. This video premiered on December 10, 2024. ...
The Tuesday afternoon selloff brings the broader indexes close to key support levels. In the first half of the trading day, the S&P 500 ($SPX) and Dow Jones Industrial Average ($INDU) were trading slightly higher. The Nasdaq Composite ($COMPQ) was the leader in the morning hours. But towards the last couple hours of the trading day, all three indexes sold ...
In this video, Dave unveils his “line in the sand” technique to help determine when stocks in established uptrends may be near the end of the bullish phase. He’ll share specific levels he’s watching for the S&P 500, AMZN, TMUS, and KR, and also review three tools on the StockCharts platform you can use to monitor potential stop loss levels ...