Using technical indicators to identify stocks fundamentally undervalued but technically strengthening is a common practice. But, using indicators to find fundamentally strong stocks that happen to be technically undervalued (or contested) is probably less common, especially if you lean toward technicals. That was certainly the case with Alphabet Inc (GOOGL), leading to Friday’s 15% spike and price gap, the sharpest ...
A tug-of-war with no clear winner—that’s what the stock market seemed to be playing this week. With a Fed meeting, key economic data, and more earnings on top, will a winner emerge next week? It was an interesting week in the stock market. Economic data shows that growth is slowing, while inflation isn’t showing signs of slowing down. This possible ...
In this edition of StockCharts TV‘s The Final Bar, Dave answers viewer questions on spotting downturns in daily vs. weekly charts, using the Relative Rotation Graphs (RRG) to identify actionable ideas, and comparing the NYSE Composite Index ($NYA) to the S&P 500 Index ($SPX). He also shares the one chart he will never forget, and what he learned from it. This video ...
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the key drivers for this week’s volatile period, including Core PCE and GDP numbers. She takes a look at where the S&P 500 and NASDAQ closed for the week and whether it’s safe to put new money to work. Several stocks gapped up into base breakouts, and Mary Ellen covers ...
The S&P500 trend conditions have continued this week in “NoGo” conditions despite relief rallies. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds to risk assets. This week we again take a closer look at GoNoGo Trend® conditions across sectors that are trending and outperforming. Notably, ...
We’ve been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega-cap growth stocks breaking through their 50-day moving averages, to even the dramatic increase in volatility often associated with major market tops. While Q1 was marked by broad market strength and plenty of new 52-week highs, Q2 has so far provided a much different ...
When word first broke that Joe Biden would be sitting down with Howard Stern for a live interview Friday on his SiriusXM show, it was an absolute guarantee that it would be an embarrassing T-Ball session without anything resembling a challenging question nor anything relating to the major issues that have Biden polling lower than any president since Jimmy Carter. ...
A close ally to Italian Prime Minister Giorgia Meloni told Fox News Digital that criticism against her for abandoning policies on illegal migration and other issues is unfounded. Italian Vice Minister of Foreign Affairs Edmondo Cirielli told Fox News Digital, ‘Giorgia Meloni hasn’t changed, Europe has changed.’ Cirielli is the co-founder and national coordinator of Meloni’s party, the Fratelli ...
Former President Donald Trump is speaking out aggressively against independent presidential candidate Robert F. Kennedy Jr., who he claims is a Democratic Party ‘plant.’ Trump made the accusations on Friday night via his proprietary social media platform, Truth Social. ‘RFK Jr. is a Democrat ‘Plant,’ a Radical Left Liberal who’s been put in place in order to help Crooked Joe ...
The three House Republican rebels pushing to oust House Speaker Mike Johnson, R-La., are silent on former President Trump’s support for the embattled congressional leader. Roughly just six months after winning the speaker’s gavel following three weeks of chaos over the ouster of ex-Speaker Kevin McCarthy, R-Calif., Johnson is already under threat of losing the position after Rep. Marjorie Taylor ...
Rep. Nancy Pelosi, D-Calif., was interrupted by anti-Israel students during a speech she gave in the U.K. on Thursday. A protest group also called her a ‘warmonger.’ As Pelosi, former House speaker, was beginning her remarks to the Oxford Union at the University of Oxford, a student quietly stood up and walked to the front of the room. He then ...
Former President Trump suggested the White House as the venue for a debate against President Biden, saying he ‘would be very comfortable.’ The presumptive 2024 Republican presidential nominee, after hours in a Manhattan courtroom for the eighth day of his criminal trial, has repeatedly said he will debate Biden ‘anywhere, anytime, anyplace.’ Biden broke his silence on debating his 2024 ...