Farmers are holding protests across Europe, clogging the streets with their tractors, blocking ports and pelting the European Parliament with eggs over a long list of complaints from environmental regulation to excessive red tape. While some of the most dramatic protests have been in France, similar action has been taking place in a host of countries including Italy, Spain, Romania, Poland, Greece, Germany, Portugal ...
For anyone worried that Taylor Swift might not make it home from her overseas tour in time to see her boyfriend Travis Kelce in the Super Bowl, the Japanese Embassy has a comforting message: “Be fearless.” The diplomatic mission in Washington put out a statement Friday apparently to ease the concerns of fans fearing their idol could miss next week’s ...
It was meant to sound devastating, and likely felt so to the pro-Iranian militias on the receiving end. But Friday night’s airstrikes against over 80 targets inside Iraq and Syria were — so far — a comparatively limited response to the worst loss of US military life in the region in nearly three years. Friday night tried to sound loud, but will likely not echo for long. US Central Command said the US deployed ...
In this edition of StockCharts TV‘s The Final Bar, Grayson and Dave run through charts they feel present actionable opportunities based on their technical analysis setups. They’ll cover breakout strategies, moving average techniques, relative strength, and much more. And you’ll have ten new charts to review through the month of February! This video originally premiered on February 2, 2024. Watch on our dedicated Final ...
The gold market saw a significant sell-off Friday morning, as unexpectedly strong job market data undermined investor hopes for imminent Federal Reserve rate cuts anytime soon. Of course, market conditions can change rapidly, and analysts’ wide scattershot opinions on gold price targets in 2024 reflect this reality. So far, the SPDR Gold Shares ETF (GLD), a proxy for the yellow metal, ...
Cap weighted vs Equal Weighted. Sometimes, you need to look a little further. And concerning the rotations in Consumer Discretionary stocks, this is one of those “sometimes”. On this Relative Rotation Graph, holding the cap-weighted sectors, XLY is making a nasty turn back down into the lagging quadrant after a brief period inside improving. At first sight, this would lead ...
On this week’s edition of the GoNoGo Charts show from StockCharts TV, Alex takes a look at the market using the GoNoGo methodology as the S&P 500 digests the rally to all time highs. After using the GoNoGo Asset Map to look at the trends across the major assets, he steps through the macro factors affecting equities. This video originally ...
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What a week! Mega-cap tech stocks, the Fed meeting, and January’s nonfarm payrolls made headlines this week, creating an exhilarating week for investors. Friday’s stock market price action was an unexpected, but optimistic end to the trading week. Jobs, Jobs, Jobs The January jobs report came in way better than expected, and you’d think that would lead to a selloff ...
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the market’s recovery from Fed Chair Powell’s comments on Wednesday, sharing exactly what drove the S&P 500 to new highs. She also reviews the sector rotation that’s taking place, as well as some of her top picks that gapped up on earnings and are poised to trade higher. This video ...
On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson pulls back the curtain on our latest site-wide product release – one of our biggest and most important EVER in the history of StockCharts. See new features in action like the all-new SharpCharts Workbench, totally redesigned MarketCarpets, a powerful Index Members summary page for key groups like the S&P 500 and ...
There is no denying that Tesla has been a big-time outlier out of the Magnificent 7 stocks. While names like META have exploded to double-digit gains just this week, TSLA is down about 38% from its July 2023 high and about 55% off its all-time high in late 2021. Now, Tesla is approaching a “confluence of support” where multiple technical analysis ...