Thank You! I’ve been writing at StockCharts.com for nearly 20 years now and many of you have supported my company, EarningsBeats.com, and I certainly want to show my appreciation for all of your loyalty. I believe we’re at a major crossroads in the stock market as the S&P 500 tests the recent price low from…
The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It simply wasn’t close. Resistance failed,…
Did you know you can generate more than a 5% monthly yield by utilizing an options strategy? In this educational video, Tony Zhang walks you through an income-generating options strategy using the OptionsPlay Strategy Center on StockCharts.com. Learn how to select the right stocks, identify strike prices and expiration dates, analyze various outcomes, and manage…
As precious metals surge on safe-haven demand, some gold mining companies are following suit. One standout is AngloGold Ashanti Ltd. (AU), which has been riding this upward momentum. Recently, AU showed up among the Top 10 Large Cap category in the StockCharts Technical Rank (SCTR) Reports, indicating that it’s among the top large-cap stocks showing…
Finding stocks that show promising opportunities can be challenging in a market that goes up and down based on news headlines. But, it’s possible. In this video, watch how Grayson Roze and David Keller, CMT use the tools available in StockCharts to find stocks that are breaking out, displaying relative strength setups, and exhibiting moving…
Thank You! I’ve been writing at StockCharts.com for nearly 20 years now and many of you have supported my company, EarningsBeats.com, and I certainly want to show my appreciation for all of your loyalty. I believe we’re at a major crossroads in the stock market as the S&P 500 tests the recent price low from…
It was an ugly close to another roller-coaster trading week as the stock market struggled with several moving parts. Wednesday’s Evening Doji Star in the S&P 500 ($SPX) showed its power. The trading week didn’t end on a pretty note. The S&P 500, Nasdaq Composite ($COMPQ), and Dow Jones Industrial Average ($INDU) all closed lower…
Financials take the lead. No changes in the composition of the top 5 this week, and only one change of position within the top 5. Financials (XLF) leapfrogged to the number one position, sending Communication Services (XLC) to the #3 position. Energy (XLE) remains #2 while Utilities (XLU) and Healthcare (XLV) remain in positions #4…
The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It simply wasn’t close. Resistance failed,…
You may not know it, but all of the Magnificent Seven stocks are in bear markets. Given they are such an integral part of the major indexes, we have to believe that the market will follow suit and continue lower in its own bear market. The SP500 is in correction territory already. Given the decline…