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Is Square (SQ) Setting Up A Move Off The Triangle?
Square had a fabulous 2017. It ended the year with a bit of a pullback, but it might just be a nice opportunity. Square has formed a nice triangle right at a nice support level from early November. All of the payment system stocks had a good year last year. With the pickup in retail through the holiday season, this may just be the calm before the storm. I'd let someone else own it if it Read More
Canadian Technician Video Recording With Greg Schnell 2018-01-02
This weeks Canadian Technician Video Recording 2018-01-02 has lots of information on Healthcare. As a sector that is moving to the upside, it looks timely. There is also information on the merger between Potash Corp and Agrium. Canadian Technician Recording With Greg Schnell 2018-01-02 from StockCharts.com Read More
Pausing Market Triggers Whipsaw PMO SELL Signals on DP Scoreboards - New ITTM BUY Signal for Gold
On Friday, the SPX, OEX and Dow logged new PMO SELL signals. This was a function of the market consolidating and holiday trading, but it is important to note that these signals are arriving in overbought territory for these PMOs. After today's trading, their PMOs are already decelerating in an attempt to turn around. This means we could see a reversal of these signals very soon. Gold has Read More
1/2 - MarketWatchers LIVE Recap - Seasonality Report - DP Report - "Monday" Set-Ups
Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p Read More
Building a Rules-Based Trend Following Model
I'm going to start a new series of articles on building a rules-based trend following model. For a host of reasons, I cannot provide readers complete details of the trend following model I currently use, but I can simulate most of the concepts in various examples, so you will have a good feel for how it works and what is required. This article will lay out some of the concepts I Read More
Here's One Chart That Screams BUY As We Begin 2018
Special Note First, I'd like to wish everyone a Happy New Year! Let's make 2018 our best yet! Here are a couple of quick reminders: (1) If you like my Trading Places blog and you'd like to follow my articles every morning, scroll down to the bottom of this article, type in your e-mail address and click on the green "Notify Me!" button. You'll then become a Read More
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SPY and IJR Stall into Yearend - Energy, Materials and Industrials Finish Strong - 3 Materials Stocks and an Industrial to Watch
. SPY Ends the Year with a Stall . IJR Consolidates into Yearend . Energy, Materials and Industrials Finish 2017 Strong . Oil Finishes at High of the Year . Aluminum, Copper and Nickel Finish Strong . Three Materials Stocks to Watch (MLM, VMC, NUE) . Acuity Bases in Third Quarter . CPSI Winds up with Symmetrical Triangle . Happy New Year!! . Read More
Sat, Dec 30
Why The Gold Trade Becomes Hard Work This Week
Hindsight is a beautiful thing when asking where to draw a trend line. It's always obvious after. It is not obvious as the market evolves. For the GDX:GLD ratio, it started to create a little hook on top this week. I have a trend line on GDX:GLD ALWAYS. However, sometimes the ratio pulls back, then surges to higher ground. Almost every time, before the final roll over, it makes a pullback, then Read More
Relative Rotation Graphs suggest to stick with equities (SPY) while keeping an eye on commodities (DJP) going into 2018
As 2017 draws to an end, the Relative Rotation Graph for asset classes is sending a very clear message! Equities are leading the way into 2018! The RRG above shows some ETFs representing various asset classes and uses VBINX, a balanced index fund, as the benchmark. With only SPY, representing the asset class equities, inside the leading quadrant and ALL others inside the lagging quadrant, the Read More
Fri, Dec 29
DP Yearly Wrap 2017
Last week we were looking at a rising wedge formation, which we said normally resolves downward. This week price moved through the bottom of the wedge sideways, but that doesn't really qualify as a downward resolution, which would necessarily require price to move, well, down. Friday's price bar does convey a small burst of downward energy, but the two-week trading range remains intact Read More
AstraZeneca (AZN) Surges! Are All Time Highs Next?
AstraZeneca has not made all time highs for the last three years. However, this current setup looks like it could be the trigger point. With everything surging and the MACD coiled, a sudden surge here could bring a whole new look to this chart. Happy New Year! Greg Schnell, CMT, MFTA. Read More
Commodities Countdown Recording With Greg Schnell 2017-12-28
This weeks Commodities Countdown covers off what I expect from a big bull run in Commodities. I cover off the gap up in Natural Gas, crude oil over $60, Gold and Silver testing important trend lines and resistance. The big trade of 2018 which I think will be the $USD. The recording goes into big details on all of these trades. The steel ETF is breaking out to new 5-year Read More
The Secret To a Better 2018 Starts Here
Alright, I know. It's a little cliche. But hey, not only is it a Friday, it's also the last Friday of the year. And not only is it the last Friday of the year, it's also the final trading day of 2017 (can you believe that??). And what do you do on the final trading day of the year? Well, you look ahead to the new year of course! Now, I for one am about as Read More
New Years Resolutions For Traders
Special Note Happy New Year to all and thanks so much for your support of me and StockCharts.com in 2017 (and please subscribe at the bottom of my article - it's FREE!). If you're not a member, your first resolution should be to become one. There's not a better time than now, before the holiday special ends! It's FREE to begin your Read More
Thu, Dec 28
Technology Stocks Set To Lead Year End Rally
Market Recap for Wednesday, December 27, 2017 Wednesday's action was characterized by thin volume and low volatility, normal for trading during the holidays. Our major indices moved fractionally higher, with the Russell 2000 ($RUT) being the exception after that index fell during the afternoon session to finish slightly lower. Utilities (XLU, +0.42%) benefited from Read More
Wed, Dec 27
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Four Markets To Watch In 2018 For A Potentially Important Breakout
10-year bond yields could be in the process of a secular reversal. What odds is the S. Korean ETF placing on the breakout of war? China has gone uncharacteristically quiet. Is this the quiet before the storm? CRB Composite just below mega resistance As we approach 2018 I thought it would be fun to look at some longer-term charts that could be setting the scene for major breakouts in the weeks Read More
DP Alert: NDX Logs New SELL Signal - Gold Shines - ST Indicators Rising Again
I hope you and yours had a fantastic and warm Christmas! As Bob Cratchit so eloquently put it, "I was making rather merry yesterday". The holidays continue as does holiday trading into the new year. We received a new PMO SELL signal on the NDX, so I've updated the DP Scoreboards accordingly. The market is taking a pause, as is the NDX which likely accounts for the drop in positive momentum. For Read More
2018 S&P 500 Forecast: Flat and Volatile (With New Sector Comparison Tool)
Topic: Historical model forecast suggests a flat 2018, with the potential for a volatile year. The impact of tax law changes and mid-cycle elections could be the wild cards posing the biggest risks to my forecast. A flat market forecast implies technical analysis will be more relevant than ever: so I show a new tool using SCTR and the Chande Trend Meter to make a joint Read More
What Industry Will Lead The Stock Market In 2018? You Might Be Surprised....
Market Recap for Tuesday, December 26, 2017 Energy stocks (XLE, +0.88%) continued their merry way higher, which really isn't surprising after the sector made a very significant price breakout above the 70 level. With an RSI approaching the 80 level now, however, I wouldn't be surprised to see a bit of consolidation, or even profit taking, with money rotating to other Read More
Regional Bank ETF Winds Up before Next Move
The Regional Bank SPDR (KRE) surged to a 52-week high in late November and then formed a bullish continuation pattern as it consolidated the last few weeks. First and foremost, the long-term trend is up for KRE because of the breakouts in September and November, and the 52-week high in November. The bigger uptrend dictates my trading bias and it is clearly bullish right now. Since the breakout Read More
Tue, Dec 26
Copper Miners (COPX) Might Start The New Year Hitting 52-Week Highs
Commodity charts are breaking out left and right. Today, the Copper Miners ETF (COPX) tried to break out and make new 52-week highs. This might give a pullback as you can see the ballistic move up to retest the old highs. It should definitely go on a watch list. The Steel ETF (SLX) broke out to new 52-week highs last week. The Aluminum chart also broke out Read More
Time For Another Santa Claus Rally?
Market Recap for Friday, December 22, 2017 The major indices all fell back slightly during Friday's pre-Christmas holiday, light volume trading session. Materials (XLB, +0.38%) was the best performing sector, while healthcare (XLV, -0.32% and financials (XLF, -0.28%) lagged. The 10 year treasury yield ($TNX) continues to trade in sideways fashion after breaking above 7-8 Read More
Sat, Dec 23
Fri, Dec 22
Commodities Countdown Recording With Greg Schnell 2017-12-21
This edition of Commodities Countdown continues to discuss the breakout in metals as well as the recent movement in the oil service companies. There is some timely coverage of Natural Gas as it attempts to bounce off support. Commodities Countdown With Greg Schnell 2017-12-21 from StockCharts.com on Read More
Diamonds For Christmas? How About Diamond Offshore (DO)
Diamonds are always popular this year. Perhaps its time to think about a relationship with the unloved energy services sector. Diamond Offshore Drilling (DO) has broken above a beautiful head/shoulders base this week. The SCTR has soared above 70, the relative strength has broken to new 9 month highs and the MACD has recently pulled back to reset at the zero line and just Read More
DP Weekly Wrap: Bitcoin Collapse
Two weeks ago I led with a chart of the Bitcoin Index. It was in a dangerous parabolic advance, and I said: "Yes, price could go higher, but it is also at a point where the parabolic could collapse, and the potential downside is back down to the support of the basing pattern between 400 and 1000." Well, it did go higher by about +15%, and this week it collapsed, down almost -40% on a Read More
12/22 - MarketWatchers LIVE Recap - Year in Review - Sentiment Report
Welcome to the recap of Friday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p Read More
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Weekly Market Review & Outlook - A Mean-Reversion Strategy for Sectors and Major Index ETFs in 2018
. SPY Hits Another New High . A Mean-Reversion Strategy for 2018 . Breadth Symbols for Other ETFs . Time off for Happy Holidays!! . IJR Follows QQQ with Flag Breakout . Defensive Sectors Lag as Energy Takes the Lead . Oil Goes for a Triangle Breakout . Oil & Gas Equip & Services SPDR Pops (plus XOP) . Gold Bounces, but Remains Bearish Overall . The Read More
Energy And Banks Dominate The Trading Session; All Major Indices Advance
Market Recap for Thursday, December 21, 2017 In afternoon trading, all of the major indices except the NASDAQ appeared headed for another record all-time high close. But a late afternoon selling bug hit Wall Street and much of those earlier gains disappeared. The small cap Russell 2000 was able to hold onto most of its gains, but still failed to close at a record Read More
Thu, Dec 21
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The Yield Curve Is Not Forecasting A Recession Right Now
What message is the yield curve giving? Secular reversal in short-term bond yields is being signalled Energy sector breaks to the upside Energy strength may breathe life into the CRB Composite What message is the yield curve giving? Despite what you may be reading, the yield curve is not forecasting a recession right now. Yield curves compare the interest rate of a Read More
DP Bulletin: Dollar (UUP) ITTM SELL Signal - ITTM Neutral Signals for XLU and RYU
The Dollar (UUP) continues to form a bearish head and shoulders pattern in textbook fashion. The decline continues and consequently, there was a negative 20/50-EMA crossover BELOW the 200-EMA which constitutes an Intermediate-Term Trend Model (ITTM) SELL signal. For the Utilities SPDR (XLU) and Utilities Equal-Weight (RYU), new ITTM Neutral signals executed on a 20/50-EMA negative Read More
12/21 MarketWatchers LIVE Recap - Anatomy of a Trade - Book of the Month
Welcome to the recap of Thursday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p Read More
Schlumberger Ends Downtrend, Now Looks To Confirm Price Breakout
The energy ETF (XLE) has been blistering hot this week and today its three largest holdings - Exxon Mobil (XOM at 23%), Chevron Corp (CVX at 17%) and Schlumberger (SLB at 7%) - all had some form of a breakout. XOM surged to its highest close since January. CVX closed at its all-time high. And finally, SLB broke a serious downtrend and looks to clear overhead price Read More
Energy Breaks Out As Oil Equipment & Services Strengthen
Market Recap for Wednesday, December 20, 2017 It's been a rough road for oil equipment & services stocks ($DJUSOI, +2.33%). They haven't broken down below summer lows, but they also haven't kept pace with the energy sector as a whole either. Yesterday's strength did take the group closer to key price resistance as they once again attempt to muster a lengthier rally Read More
Wed, Dec 20
Beneficiaries of Tax Reform
How to find beneficiaries of tax reform? Well, four stocks stood out today: Blackberry (BB), FedEx(FDX), Wells Fargo (WFC) and Verizon (VZ). They broke out to new highs as the tax reform legislation completed its journey through Congress. One way you can search for the beneficiaries of tax reform is to look at jumps in SCTR or the Chande Trend Meter (CTM). Another is to look Read More
DP Alert: UUP PMO SELL Signal - IT Indicators Toppy
The DecisionPoint Scoreboards remain completely "green". Hard to argue with the strength of this bull market in all three timeframes. However, the intermediate-term indicators are trying to top and have a negative crossover. ST indicators continue to fall. The Dollar looks very weak and it is getting more bearish as BUY signals continue to fall away for UUP. The purpose of Read More
12/20 MarketWatchers Recap - Greg Schnell on P&F Charts - Is GDX a Buy?
Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. You'll find the latest episode here. Information abounds in our Monday through Friday 12:00p - 1:30p Read More
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