The weekly high-low range for the Nasdaq 100 ETF (QQQ) was the narrowest of the year this past week and…
Continue ReadingSchedule for Week of November 22, 2020
The key reports this week are October New Home sales, and the second estimate of Q3 GDP. Other key indicators…
Continue ReadingWeek Ahead: NIFTY Flirts With A Important Pattern Resistance; RRG Chart Show Good Activity In These Sectors
In the previous weekly note, we had mentioned about the NIFTY testing its crucial pattern resistance. Over the past five…
Continue ReadingS&P Aerospace & Defense ETF Reveals Some Top Candidates
With the move into Cyclical stocks continuing to expand, sectors such as Industrials have stocks with multiple reasons to continue…
Continue ReadingWe Now Have Confirmation That It’s Full Speed Ahead for this Secular Bull Market
I’m going to keep this article short and sweet. We’re going higher. If you’re still convinced that the U.S. stock…
Continue ReadingSentiment Suggests Exhaustion of Buyers
“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” -Sir John Templeton My…
Continue ReadingHas Reality Hit the Stock Market?
On Monday, we talked about positive vaccine news from Pfizer (PFE) and Moderna (MRNA) holding up the market. Friday proved…
Continue ReadingStock Uptrend Consolidates Above Support
Major stock indexes continue to consolidate their November gains, and remain above recent support levels. Chart 1 shows the Dow Industrials pulling…
Continue ReadingPockets of Strength in a Tired Market
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen shares how to uncover and then capitalize on the strength that…
Continue ReadingNovember 20 COVID-19 Test Results; Record Cases, Hospitalizations
From Bloomberg on the Covid Tracking Project: Data Heroes of Covid Tracking Project Are Still Filling U.S. Government Void. Awesome…
Continue Reading