In what remained one of the worst weekly and monthly performances in recent times, the Indian equity markets witnessed heavy…
Continue ReadingLet The VIX Mark The Bottom
There are a number of sentiment indicators in the stock market, but I prefer those that indicate the panic taking…
Continue ReadingSchedule for Week of January 31, 2021
The key report scheduled for this week is the January employment report. Other key indicators include January ISM manufacturing and…
Continue ReadingRegardless Where the Markets Head, These Stocks are Poised to Trade Higher
This week’s 3.2% decline in the S&P 500 has this Index closing at a very important area of support, as…
Continue ReadingGameStop Mania May Be Contributing to Selling
Stock indexes remain under pressure again today and are pressuring moving average lines. Chart 1 shows the Dow Industrials falling…
Continue ReadingAdvance Decline Lines Flash Warning
I’ve spoken recently of the bearish divergences emerging from breadth indicators, including the anemic new 52-week highs list, as well…
Continue ReadingWallStreetBets Storms the Financial Bastille
Out of the corner of my eye, a message pops up on my screen saying “Hold the line! Selling here…
Continue ReadingJanuary 29 COVID-19 Test Results and Vaccinations
The reason I’m posting COVID data is this matters for the economy. From the FOMC statement this week: “The path…
Continue ReadingIs the Market’s Uptrend Over?
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the broader markets, as well as underlying sectors to reveal…
Continue ReadingThe Short Squeeze Triggers A Profit-Taking Event
Commenting on the controversial short squeeze triggering a profit-taking event and today’s trading Gorilla Trades strategist Ken Berman said: Get…
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