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‘She doesn’t like to rock the boat’: My mother will spend millions taking care of my aging stepfather. What can I do?

Apr 18, 2024 | 03:16 am

“It has been stated that he is not leaving my mom anything and that all his money will go to his kids.”

As the Rentokil share price dips on Q1 news, I ask if it’s time to buy

Apr 18, 2024 | 03:08 am

The Rentokil Initial share price has disappointed investors in the past 12 months. Could this be the year we get back to earnings growth? The post As the Rentokil share price dips on Q1 news, I ask if it’s time to buy appeared first on The Motley Fool UK.

The new Axis Bank Shoppers Stop credit card: Key details to know before you apply

Apr 18, 2024 | 03:07 am

This co-branded credit card offers accelerated rewards on shopping, coupled with the convenience of fuel surcharge waivers, dining privileges and many more. The joining fee for this credit card is Rs 500 plus applicable taxes.

Tesla shareholders shouldn’t be fooled again on Elon Musk’s pay package

Apr 18, 2024 | 03:06 am

Tesla Inc. shareholders have the opportunity to send a message to Chief Executive Elon Musk and his compromised board of directors by voting against Musk’s self-designed pay package.

HDFC Life Insurance stock up 1% as Q4 results beat Street, net profit jumps 15%

Apr 18, 2024 | 02:59 am

The company had also informed the exchanges that veteran banker Deepak Parekh had stepped down from the role of the Chairman and Non-Executive Director and that the firm has now appointed Keki M Mistry as the Chairman of the Board.

IPL 2024: Rohit Sharma laughs seeing his old picture in Mumbai Indians#39; dressing room, says, #39;I was struggling to get beard that time#39;

Apr 18, 2024 | 02:49 am

In a light-hearted moment within the Mumbai Indians dressing room, Rohit Sharma, the team#39;s former captain, had a chuckle over his youthful appearance from the 2007 T20 World Cup. The dressing room walls are decorated with images from that iconic final.

Nokia says it expects rebound in second half of 2024 following 19% drop in first quarter sales

Apr 18, 2024 | 02:48 am

The Finnish telecoms company said a slump in infrastructure spending in the U.S. and India hit its first quarter revenue

Smallcap defence stock zooms 13% after Mukul Agrawal picks 1% stake

Apr 18, 2024 | 02:46 am

Mukul Agrawal has bought stakes in 3 companies, besides PTC, in the March quarter. He now has a stake of 1.8% and 1.7% in Dredging Corporation of India and West Coast Paper Mills, respectively.

Sensex, Nifty extend losses to 4th day; all eyes on yield trends, Q4 results season

Apr 18, 2024 | 02:44 am

Market experts believe that the bearish bias will continue over the next few days as investors grapple with geopolitical uncertainity in the Middle-East, elevated bond yields, and corporate earnings season

Sensex, Nifty extend losses to 4th day; all eyes on yield trends, Q4 results season

Apr 18, 2024 | 02:44 am

Market experts believe that the bearish bias will continue over the next few days as investors grapple with geopolitical uncertainity in the Middle-East, elevated bond yields, and corporate earnings season

How to position your trade in HDFC Bank stock ahead of April 20 results

Apr 18, 2024 | 02:33 am

HDFC Bank is currently trading around the strong support area of 1470-1500 on the daily charts and is expected to maintain this level in the upcoming sessions. The uptick in OI at 1520/1530 strikes hints at a potential recovery attempt suggests a moderately bullish view

Could dirt cheap Volex be one of the best UK stocks to buy today?

Apr 18, 2024 | 02:33 am

When looking for stocks to buy, it can pay to seek out long-term growth potential at a reasonable price. One company that offers both right now is Volex. The post Could dirt cheap Volex be one of the best UK stocks to buy today? appeared first on The Motley Fool UK.

Chinaâs magical growth of 5.3 percent has puzzled the Chinese

Apr 18, 2024 | 02:32 am

Strong first-quarter numbers are puzzling the Chinese, who witness a stagnant economy daily. Two factors reconcile the difference

Wendy#39;s sued for $20 million after girl gets E. coli infection from #39;disgusting#39; outlet

Apr 18, 2024 | 02:30 am

Doctors diagnosed the girl with an E. coli infection, which swiftly progressed into hemolytic uremic syndromeâa rare and deadly condition assaulting her kidneys and clotting her blood.

Aamir Khan deep fake case: Mumbai Police register an FIR

Apr 18, 2024 | 02:29 am

Bollywood superstar Aamir Khan, who was featured in an advertisement of a political party for the upcoming Lok Sabha elections, has called out the ad fake. His team issued a statement on his behalf.

Wipro Q4 Results Preview: Muted show likely once again, all eyes on new CEO’s growth roadmap

Apr 18, 2024 | 02:28 am

Wipro's consolidated revenue for the reporting quarter is expected to be flat sequentially and decline 4.3% YoY to Rs 22,185 crore, according to the average of estimates by 10 brokerage firms. However, cons net profit is likely to rise by nearly 4% sequentially, but decline a sharp 9% YoY to Rs 2,799 crore

Global future will not be driven by big tech but by India#39;s DPI: Amitabh Kant

Apr 18, 2024 | 02:19 am

Speaking at the #39;We Made in India#39; event here, Kant said India will transfer its digital public infrastructure (DPI) to the rest of the world, and already there are many examples of countries warming up to the same.

Buy eBay and short Etsy, says Morgan Stanley in call on e-commerce

Apr 18, 2024 | 02:18 am

Morgan Stanley says investors should buy eBay and short Etsy in a call on the $1.1 trillion U.S. ecommerce market.

Ananya Panday opens up about her best friends Suhana Khan and Shanaya Kapoor, call them her #39;grounding source#39;

Apr 18, 2024 | 02:18 am

Bollywood actor Ananya Panday recently shared her thoughts on the importance of female friendships, highlighting that her long-standing friends Suhana Khan and Shanaya Kapoor are her anchor and a vital part of her life.

Bharti Airtel stock jumps 5% on tariff optimism, becomes top Nifty gainer

Apr 18, 2024 | 02:15 am

In the April 16 report, IIFL Securities analysts noted that they expect to see two rounds of tariff increase in the next three years, which could benefit all three telcos - Bharti Airtel, Vi and Jio.

Dolly Khanna picks stake in Repco Home Finance, Som Distilleries, one more smallcap in March quarter

Apr 18, 2024 | 02:08 am

Dolly Khanna diversified her portfolio by adding Repco Home Finance, Som Distilleries & Breweries, and Selan Exploration Technology. These smallcap stocks have shown impressive returns and rallies.

Krushna Abhishekâs sister and actress Arti Singh to tie the knot soon, Bharti Singh shares a glimpse of the wedding card

Apr 18, 2024 | 02:08 am

Krushna Abhishekâs sister and TV actress Arti Singh is all set to tie the knot on April 25 to businessman Dipak Chauhan. Comedian Bharti Singh, in her vlog, showed a glimpse of the wedding card.

This simple fact about a car on a dealer’s lot can give you negotiating power

Apr 18, 2024 | 02:02 am

It’s a tactic even savvy car shoppers sometimes overlook, and it can help you get a better price.

Pakistan blocks access to X: A list of countries where the social media platform is banned

Apr 18, 2024 | 02:02 am

Social media platform X has been blocked temporarily in Pakistan, with the country#39;s interior ministry saying that the failure of Twitter/X to adhere to the lawful directives of the Pakistan government and address concerns regarding the misuse of its platform necessitated the ban. Here#39;s a list of countries where X is banned.

The 12 best cars and SUVs for shorter people

Apr 18, 2024 | 02:00 am

We assembled a list of features we find helpful in overcoming height limitations, and the vehicles that do it best.

Down 50% in 5 years, this is the FTSE 250 stock I want to buy now

Apr 18, 2024 | 02:00 am

Think the FTSE 100 is the only place to find top value dividend stocks? I think this FTSE 250 stock could be one of the best on the market. The post Down 50% in 5 years, this is the FTSE 250 stock I want to buy now appeared first on The Motley Fool UK.

Unique Picks: These 6 stocks held by single MF scheme rally up to 50% YTD

Apr 18, 2024 | 01:57 am

ETMarkets highlighted six stocks that are held exclusively by one MF scheme and have surged anywhere between 10-50% during the current calendar year.

HDFC Life Q4 Results: Net profit jumps 14% YoY to Rs 412 crore

Apr 18, 2024 | 01:51 am

HDFC Life Q4 Results: The net premium income for the same period increased 5% to Rs 20,534 crore against Rs 19,469 crore in the last year period. The company's board has also recommended a final dividend of Rs 2 per share for the financial year 2023-24

TSMC posts surge in profits as AI boom boosts high-tech chip sales

Apr 18, 2024 | 01:50 am

The Taiwanese chipmaker beat analysts’ forecasts following a surge in demand for its most advanced 3nm chips

HDFC Life Q4 results: Net profit rises 15% to Rs 411 crore, beats estimate

Apr 18, 2024 | 01:48 am

The total annual premium equivalent (APE) was at Rs 4,727 crore against Rs 5,162 crore a year ago.

Treasury yields pull back further from five-month highs

Apr 18, 2024 | 01:38 am

Treasury prices rose early Thursday as bond buyers were attracted by yields which earlier in the week touched their highest levels since November.

Share price of Ashok Leyland falls as Nifty strengthens

Apr 18, 2024 | 01:34 am

A total of 1,191,359 shares changed hands on the counter till 02:04PM (IST).

Zomato shares fall 0.74% as Nifty drops

Apr 18, 2024 | 01:29 am

The stock quoted a 52-week high price of Rs 199.75 and a 52-week low of Rs 53.05.

DLF shares down 0.71% as Nifty gains

Apr 18, 2024 | 01:24 am

The stock quoted a 52-week high price of Rs 967.0 and low of Rs 402.0.

Share price of Zee Ent. falls as Nifty weakens

Apr 18, 2024 | 01:19 am

A total of 399,681 shares changed hands on the counter till 01:49PM (IST).

Adani bull GQG spends another billion dollars on 6 stocks

Apr 18, 2024 | 01:17 am

The latest shareholding pattern shows that GQG's ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII's stake rose from 1.33% to 5.2% sequentially.

Share price of Page Industries falls as Nifty weakens

Apr 18, 2024 | 01:14 am

A total of 369 shares changed hands on the counter till 01:44PM (IST).

Shares of Colgate-Palmolive fall as Nifty drops

Apr 18, 2024 | 01:09 am

On the technical charts, the 200-day moving average of the stock stood at Rs 2247.51.

ICICI Lombard shares jump 5% after Q4 beat. Should you buy, sell or hold?

Apr 18, 2024 | 01:03 am

The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.

Bharat Forge shares gain 0.53% as Sensex rises

Apr 18, 2024 | 01:03 am

On the technical charts, the RSI of the stock stood at 58.51.

Bajaj Holdings stock price up 0.57 per cent as Sensex climbs

Apr 18, 2024 | 00:53 am

As of 31-Mar-2024, promoters held 51.46 per cent stake in the company, while FIIs held 11.54 per cent and domestic institutional investors had 4.81 per cent.

Share price of Marico rises as Nifty strengthens

Apr 18, 2024 | 00:48 am

A total of 42,601 shares changed hands on the counter till 01:18PM (IST).

Godrej Consumer rises 0.51% as Sensex climbs

Apr 18, 2024 | 00:43 am

The stock traded at a P/E multiple of 67.75, while the price-to-book value ratio stood at 7.18.

Info Edge shares rise 0.68% as Sensex climbs

Apr 18, 2024 | 00:38 am

A total of 4,017 shares changed hands on the counter till 01:08PM (IST)

Siemens shares gain 1.67% as Sensex rises

Apr 18, 2024 | 00:33 am

A total of 4,024 shares changed hands on the counter till 01:03PM (IST)

What will a general election mean for the UK stock market?

Apr 18, 2024 | 00:30 am

The Prime Minister must hold an election before 28 January 2025. Our writer considers what the consequences might be for the domestic stock market. The post What will a general election mean for the UK stock market? appeared first on The Motley Fool UK.

Varun Beverages shares up 0.64% as Nifty gains

Apr 18, 2024 | 00:23 am

A total of 79,981 shares changed hands on the counter till time (IST).

12 stocks likely to enter MSCI index in May rejig, trigger $2 billion inflows. Paytm to exit

Apr 18, 2024 | 00:23 am

Paytm will be a high conviction exclusion, causing outflows of $77 million from India, the domestic brokerages' note said. Paytm's exclusion comes after a nearly 40% correction in the share price following RBI's ban on its Paytm Payments Bank. Meanwhile, Berger has yielded nearly 9% returns over 1 year.

Tata Elxsi shares drop 0.36% as Sensex rises

Apr 18, 2024 | 00:18 am

On the technical charts, the RSI of the stock stood at 38.74.

£20,000 in savings? Here’s how I’d aim to turn that into a £1,231 monthly second income!

Apr 18, 2024 | 00:15 am

Generating a sizeable second income can be life-enhancing, and it can be done from relatively small investments in high-dividend-paying stocks. The post £20,000 in savings? Here’s how I’d aim to turn that into a £1,231 monthly second income! appeared first on The Motley Fool UK.

Shares of Voltas rise as Nifty gains

Apr 18, 2024 | 00:12 am

On the technical charts, the 200-day moving average of the stock stood at Rs 931.53.

Chola Inv Finance shares gain 0.24% as Sensex rises

Apr 18, 2024 | 00:07 am

The stock quoted a 52-week high of Rs 1309.75 and a 52-week low of Rs 819.0.

I don’t care how much FTSE bosses are paid as long as they make me rich!

Apr 18, 2024 | 00:05 am

Facing accusations of greed, the pay packages of FTSE CEOs are back in the headlines. But our writer takes a more relaxed view, on one condition. The post I don’t care how much FTSE bosses are paid as long as they make me rich! appeared first on The Motley Fool UK.

PI Industries shares up 1.26% as Nifty gains

Apr 18, 2024 | 00:02 am

The stock quoted a 52-week high price of Rs 4032.0 and low of Rs 2997.05.

Everyone’s talking about Tesla shares. Should I buy?

Apr 18, 2024 | 00:01 am

Jon Smith explains why the price of Tesla shares has been falling fast, but flags up the imminent results release results that may help him decide whether to buy. The post Everyone’s talking about Tesla shares. Should I buy? appeared first on The Motley Fool UK.

Is the Lloyds share price overvalued right now?

Apr 18, 2024 | 00:01 am

This Fool has loved watching the Lloyds share price climb higher in 2024. Here are three good reasons why I’m cautious of buying right now. The post Is the Lloyds share price overvalued right now? appeared first on The Motley Fool UK.

Share price of ICICI Pru Life jumps as Sensex gains 501.62 points

Apr 17, 2024 | 23:57 pm

A total of 9,328 shares changed hands on the counter till 12:27PM (IST)

Is Legal & General’s share price the best bargain in the FTSE 100?

Apr 17, 2024 | 23:51 pm

Legal & General’s share price looks very undervalued to me. It also yields 8.3% and seems set to benefit from strong business growth. The post Is Legal & General’s share price the best bargain in the FTSE 100? appeared first on The Motley Fool UK.

Nestle India shares drop over 5% to record worst day in 3 years. Here's why

Apr 17, 2024 | 23:50 pm

Nestle India's shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in Europe or the UK. The health ministry expressed concern. This marked Nestle's worst single-day drop in 3 years.

The company that lost 99% of its value now has an explanation — a margin call

Apr 17, 2024 | 23:47 pm

China Tianrui Group Cement last week saw its stock drop 99%, and then didn’t tell investors why for more than a week.

IRCTC shares gain 0.26% as Sensex rises

Apr 17, 2024 | 23:47 pm

The stock quoted a 52-week high of Rs 1068.65 and a 52-week low of Rs 584.9.

Investor warning: I’d listen to Warren Buffett before buying Lloyds shares

Apr 17, 2024 | 23:44 pm

Lloyds shares look like a bargain, especially compared to their US counterparts. But Stephen Wright thinks there might be a reason for this. The post Investor warning: I’d listen to Warren Buffett before buying Lloyds shares appeared first on The Motley Fool UK.

Shares of Pidilite Ind rise as Nifty gains

Apr 17, 2024 | 23:42 pm

On the technical charts, the 200-day moving average of the stock stood at Rs 2619.89.

Share price of Adani Power jumps as Sensex gains 431.38 points

Apr 17, 2024 | 23:37 pm

A total of 106,394 shares changed hands on the counter till 12:07PM (IST)

CEO Anne Wojcicki looking to take 23andMe private

Apr 17, 2024 | 20:07 pm

23andMe Chief Executive Anne Wojcicki is looking to take the beleaguered DNA-testing company private, less than three years after it went public.

Week Ahead: NIFTY May Stay Subdued Over the Truncated Week; Defensive Play May Seem Evident

Apr 17, 2024 | 16:29 pm

Going into the previous week, the markets had been expected to inch higher; however, at the same time, while it was believed that incremental highs may be formed, it was also expected that a runaway move would not happen. Over the past four trading sessions, the markets traded precisely on these analyzed lines. The Nifty formed a fresh lifetime high of 22775, but at the same time, it came off from those highs as well. The trading range also got narrower as the Nifty oscillated in a 271-point range. Volatility increased slightly; IndiaVIX rose marginally by 1.72% to 11.53. The headline Index Nifty closed flat with a negligible weekly gain of 5.70 points (-0.03%).The previous week was truncated, as Thursday was a trading holiday on account of Eid-ul-Fitr. The coming week is also truncated, with Wednesday being a holiday on account of Ram Navmi. Due to this, BankNifty Options has its shortest expiry, as they would expire as early as Tuesday. The level of 22775 creates a new intermediate top for the markets; over the coming days, no runaway up move is expected so long as the Nifty stays below this point. At the same time, the nearest support for the index exists much below the current levels at 20-week MA, which is placed at 21827. By and large, the markets are likely to stay in a broad trading range.The markets may see a soft start to the week on Monday. The levels of 22650 and 22775 are likely to act as potential resistance points. The supports come in at the 22400 and 22280 levels.The weekly RSI is at 69.87; it has crossed under 70 from the overbought zone. When subjected to pattern analysis, RSI continues to show negative divergence against the price. It has also formed a new 14-period low, which is bearish. The weekly MACD is bearish and remains below its signal line.The pattern analysis shows that the Index has continued resisting the upward-rising trendline on the weekly charts. The upward-rising nature of the trendline is allowing the Nifty to form incremental highs; however, it is also providing strong resistance to the index as it tries to move higher. As of now, the Index has been resisting this pattern resistance every week, and this time it faced selling pressure as well. A bearish divergence on the RSI continues to exist; the nearest support for the Index may be found at the 20-week MA, which is placed at 21827.All in all, the risk-off setup might continue to persist for some time. Technical rebounds in the markets may be seen; however, it is strongly recommended that such rebounds be utilized to make exits and protect profits at higher levels. All fresh purchases may be kept limited to defensive pockets, and more emphasis must be placed on getting into stocks with stronger relative strength as such stocks tend to offer resilience during corrective times. Overall, while keeping leveraged exposures at modest levels, a cautious outlook is advised for the coming week.Sector Analysis for the coming weekIn our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.Relative Rotation Graphs (RRG) show a loss of relative momentum among many sectors that are placed inside the leading quadrant. The Nifty PSU Banks, Pharma, and Commodities are inside the leading quadrant. However, they are seen giving up on their relative momentum against the broader markets. The Metal Index and Auto Index seem relatively better placed inside the leading quadrant.The Nifty Energy and Infrastructure indices have rolled inside the weakening quadrant. They are likely to start slowing down on their relative outperformance. Besides these groups, the PSE and the Realty indices are also inside the weakening quadrant.The Nifty IT, Media, and FMCG indices stay inside the weakening quadrant.The Nifty Financial Services, Services Sector Index, BankNifty, and Consumption Index remain inside the improving quadrant and may offer resilient performance relative to the broader markets.Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.Milan Vaishnav, CMT, MSTA Consulting Technical Analyst www.EquityResearch.asia | www.ChartWizard.ae

Semiconductors are at CRITICAL Level!

Apr 17, 2024 | 16:22 pm

In this edition of StockCharts TV's The Final Bar, Dave welcomes guest Danielle Shay of Simpler Trading. Danielle speaks to the downside rotation for the QQQ, SMH, and leading growth stocks, including why the $210 level is so crucial for the SMH. Dave highlights the recent downswing for Bitcoin, the resilience of AMZN, and key levels for earnings names including UAL, JBHT, and CSX.This video originally premiered on April 17, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops

Apr 17, 2024 | 13:12 pm

Kinder Morgan, Inc. (NYSE: KMI) reported higher adjusted earnings for the first quarter of 2024 despite a decrease in revenues. The energy infrastructure company also issued guidance for the full […] The post KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops first appeared on AlphaStreet.

Key takeaways from Johnson & Johnson’s (JNJ) Q1 2024 earnings report

Apr 17, 2024 | 12:02 pm

Over the years, Johnson & Johnson (NYSE: JNJ) has constantly ramped up its portfolio and pipeline. After spinning off the consumer health business last year, the company has been focused […] The post Key takeaways from Johnson & Johnson’s (JNJ) Q1 2024 earnings report first appeared on AlphaStreet.

United Airlines Soars on Earnings Beat

Apr 17, 2024 | 11:00 am

United Airlines' Q1 earnings demonstrate a robust recovery trajectory, with improving financials and a focus on operational efficiency and profitability.

Important Inflection Point in FXI: Is It Time To Accumulate?

Apr 17, 2024 | 10:55 am

The iShares China Large-Cap exchange-traded fund (FXI) holds the 50 largest large-cap Chinese stocks that trade on the Hong Kong exchange.FXI could soon make a secondary test of its 2022 low. A successful test will show strength, but a failed test will show weakness. Either outcome can produce a meaningful directional move offering multiple trading opportunities. This is the kind of setup or juncture around which I like to build agnostic trading plans. Either way, I will have a trading and risk management plan in place to take advantage of either outcome.In a macro sense, there isn't much going on in China, leading me to optimism. China is a command economy run by a communist regime in the process of retreating from capitalism. Importantly, leadership seems to be increasingly resistant to providing adequate fiscal stimulus. To that list, you can add a rapidly aging population, a world increasingly resistant to buying their goods, a rethinking of global supply lines, and significant raw material and climate challenges. Granted, there are positives. They are becoming a microchip superpower and have made significant technological advances over the last five years. In my view, the negatives outweigh the positives by quite a lot.My macro view informs my aggressiveness and risk tolerance. But if a technical setup provides a clear risk-reward advantage, a conflicted macro view never deters me from making a trade. Technical setups are far more actionable than fundamental beliefs. And it is always good to remember that, the more widely accepted a viewpoint becomes, the more susceptible a market becomes to mean reversion or reversal.Monthly Perspective of FXIThe monthly chart of FXI below shows some significant technical developments.FIGURE 1: MONTHLY CHART OF FXI.Chart Takeaways:FXI is confined within the more extensive 13.43–50.80 range developed since the ETF began trading (four years after China joined the World Trade Organization).In 2021, after slightly up-thrusting the October 2007 high, the market began a vicious decline (-60%). The decline from the February 2021 high occurred on rising volume and a wide price spread (suggesting strong-handed selling). The move was impulsive.In early 2022, FXI fell out of the broad rising channel (A-B, C-D) that had defined the general price action for most of the prior 15 years.The fallout of the channel created strong selling, but a temporary selling climax developed (red arrow) as the market reached the lateral support at 23.05 and opportunistic buying emerged.The minor climax produced a small automatic rally that quickly ran into resistance along the lows of the broken channel. The market then devolved into a four-month show of weakness.The weakness occurred on a wide price spread and growing volume before potentially developing a complex selling climax (SC). Note that while the SC appears complex in this perspective, it appears more traditional in the daily perspective.The automatic rally (AR) lasted four months and found resistance in the same 32–33.00 zone that had turned the market lower in March 2022.After testing the resistance, FXI began setting back toward the selling climax low (19.81). Note that during the most recent decline, the angle of decline was shallower than that of the larger (50.80–19.81) decline and that the volume has been somewhat lighter. The shallower angle and lighter volume suggest less supply entering than on the prior decline.The recent pullback toward the October 2022 low may be developing as a secondary test. The outcome of that test is likely to develop into a significant directional move.The solid volume expansion around the recent low (ST?) suggests strong-handed buying and that the secondary test may be complete, pending a show of strength.Let's turn to momentum.FXI Monthly MomentumFIGURE 2: MOMENTUM IN FXI. The MACD histogram has turned positive. A push to the upper half of the Bollinger Band would be positive for FXI.Chart source: StockChartsACP. For educational purposes.Momentum takeaways:Momentum is diverging significantly from price, and the Moving Average Convergence/Divergence Oscillator (MACD) histogram has turned positive. This oscillator condition and strength from this position in the trend would be highly positive.Price has been confined in the lower portion of the Bollinger Band since July 2021. A push into the upper half of the band would mark a significant change in the market's character. Note that the B-band is narrow. Narrow B-bands often immediately precede trending moves.Weekly Perspective of FXIAfter evaluating the monthly perspective, I will turn to the weekly perspective. I prefer to trade in this (the weekly) perspective.FIGURE 3. WEEKLY CHART OF FXI. If the ETF moves well above the recent downtrend (A-B) and the volume and price spread expands, consider bullish setups.Chart source: StockChartsACP. For educational purposes.Chart takeaways:The price/volume relationships detailed in the monthly perspective are seen more clearly.The false selling climax at A, complex climax at B, automatic rally to 32.36, and low volume decline (note the shallow angle) to point C.The strong volume at point C suggests that strong hands may be accumulating shares around the prior low.As the market has advanced from the 20.86 low, volume and price spread have declined. While supply seems limited, demand is still lacking. The odds of a setback to test 20.86 or perhaps even to provide a fuller test of the 19.81 low are still good.In my opinion, it's premature to conclude that the secondary test is complete. But if the market begins working its way above the downtrend defining the potential test (A–B), particularly if volume and price spread expands, it would likely signal a completed test. This would allow me to begin utilizing bullish setups with confidence.Daily Perspective of FXIFIGURE 4. DAILY CHART OF FXI. Seeing strength above the A to B downtrend would indicate FXI has bottomed. If FXI breaks out above the downtrend channel, consider entering bull flags and other corrective style drift patterns.Chart source: StockChartsACP. For educational purposes.A show of strength above the A–B would suggest that a good bottom was in. If that level is exceeded, entering bull flags and other corrective style drift patterns should provide good entries.Lastly, I evaluate the daily perspective to see if the larger price and volume characteristics still[…]

Kinder Morgan Q1 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

Apr 17, 2024 | 10:52 am

Energy infrastructure company Kinder Morgan, Inc. (NYSE: KMI) will be reporting first-quarter 2024 financial results today after regular trading hours, amid expectations for an increase in earnings and revenues. Listen […] The post Kinder Morgan Q1 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript first appeared on AlphaStreet.

What to expect when Altria (MO) reports first quarter 2024 earnings results

Apr 17, 2024 | 10:47 am

Shares of Altria Group, Inc. (NYSE: MO) stayed green on Wednesday. The stock has dropped 8% over the past one month. The tobacco giant is scheduled to report its first […] The post What to expect when Altria (MO) reports first quarter 2024 earnings results first appeared on AlphaStreet.

Will NFLX Pierce Through Resistance With Breakthrough Earnings? Here's What You Need to Know

Apr 17, 2024 | 10:21 am

It's showtime! On Thursday, after the stock market closes, Netflix, Inc. (NFLX) will announce Q1 earnings. The stock is close to a major resistance level. Will it break through when it reports earnings? Or will it fall? The answer depends on whether it beats or misses.Wall Street analysts expect stellar results—NFLX is expected to report adjusted EPS of $4.52 per share, well above the $2.88 in the prior-year quarter. Revenue is projected at $9.27 billion, up 13.6% from a year ago.A Longer-Term View of NFLX StockLooking at the weekly chart of NFLX (see below), the stock price is approaching its all-time high. NFLX stock is trading above its 13-week simple moving average (SMA), and its relative performance suggests NFLX is underperforming the S&P 500 ($SPX) on a weekly scale.Note: The 13-week SMA represents one quarter.FIGURE 1. WEEKLY CHART OF NFLX STOCK. NFLX has been trending higher since July 2022. Whether the stock continues in this direction depends on its earnings report. The stock is close to its 13-week SMA and is approaching a strong resistance level.Chart source: StockChartsACP. For educational purposes.If NFLX beats analyst estimates and delivers strong guidance, its stock price could reach its all-time high and have enough follow-through to rally higher. NFLX has a lot up its sleeve.Despite increasing competition from Apple (AAPL), Amazon (AMZN), Walt Disney (DIS), and Comcast (CMCSA), NFLX has maintained its leadership position in the streaming space. NFLX continues releasing more content and plans to expand its sports offerings, including the live event of Mike Tyson vs. Jake Paul this summer. There are lots of other sports content in the works, all of which are expected to appeal to a broader audience.If all goes as expected, NFLX could soar well past $700, but earnings reports can move the stock price either way. With the earnings release coinciding with an overall equity market correction, if earnings disappoint or if guidance is weak, NFLX could see a massive selloff. Some areas that could be soft are advertising revenue and the number of new memberships.If the stock price falls below its 13-week SMA, it could be a repeat of what occurred at the end of 2021 after the stock price hit its all-time high. Note how steep the descent was.A Shorter-Term ViewTurning to the daily chart, NFLX stock is trading just above its 50-day SMA, but the relative strength index (RSI), an indicator that gauges momentum, presents an intriguing picture. While NFLX's stock price was trending higher (late Jan to April 2024), the RSI (lower panel) was trending lower. This raises a red flag, since it indicates that momentum is slowing—a bearish divergence.FIGURE 2. DAILY CHART OF NFLX STOCK. The divergence between price and RSI is concerning, but that could be because investors await the earnings results before deciding to buy or sell NFLX stock.Chart source: StockChartsACP. For educational purposes.This begs a sanity check to see if NFLX is technically strong. Adding the StockCharts Technical Rank (SCTR) to the chart is helpful. The SCTR score is at around 97, which indicates that NFLX is still a strong stock (upper panel).Final ThoughtsLooking at the options quotes for NFLX in StockCharts, the implied volatility (IV) of options expiring on Friday, April 19, is around 150%. This means you can expect a lot of volatility in NFLX's stock price around the earnings date. This may explain why the RSI has declined—investors are awaiting the earnings report.There's also increased activity in the out-of-the-money call options, which indicates that the directional bias is to the upside as of this writing.FIGURE 3. OPTIONS DATA FOR NFLX. Options expiring on April 19 show high IV, with the out-of-the-money call options showing increased trading activity.Chart source: StockCharts.com. For educational purposes.The bottom line: Expect a lot of volatility in NFLX after the market closes on Thursday. If you're considering adding NFLX to your portfolio, wait until the price settles after the earnings announcement.Learn More. Want to trade options to generate additional income or hedge your portfolio holdings? Check out this video.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

J.B. Hunt Hits the Skids: Lower Prices to Come

Apr 17, 2024 | 09:28 am

J.B. Hunt's weak quarter spells bad news for transportation stocks and the S&P 500 this year. A pivot back to growth is coming, but not until next year.

Predicting a Bear Market: 7 Signs and Why it's Tough to Do

Apr 17, 2024 | 09:00 am

A bear market is a decline of at least 20% in the market. Bear markets are a natural part of the overall market cycle, but they're often difficult to predict

Abbott Laboratories Outlook is Healthy: Buy the Dip

Apr 17, 2024 | 07:41 am

Abbott Laboratories had a steady quarter, producing growth, better-than-expected earnings, and raising the guidance. Analysts see the stock moving higher.

Earnings Summary: Highlights of Citizens Financial Group’s Q1 2024 results

Apr 17, 2024 | 06:41 am

Financial services company Citizens Financial Group, Inc. (NYSE: CFG) on Wednesday reported earnings for the first quarter of 2024. First-quarter underlying net income decreased to $395 million from $560 million […] The post Earnings Summary: Highlights of Citizens Financial Group’s Q1 2024 results first appeared on AlphaStreet.

ASML Fires Warning Shot For Tech Investors

Apr 17, 2024 | 06:05 am

ASML is a leading indicator of the semiconductor industry, and its results were weak, compounded by weak net new orders and guidance that may be too optimistic.

Earnings Summary: Prologis reports higher Q1 2024 revenue and profit

Apr 17, 2024 | 06:02 am

Real estate investment trust Prologis, Inc. (NYSE: PLD) announced financial results for the first quarter of 2024, reporting higher revenues and earnings. Net earnings per share increased to $0.63 in […] The post Earnings Summary: Prologis reports higher Q1 2024 revenue and profit first appeared on AlphaStreet.

Earnings Summary: A snapshot of Travelers Companies’ (TRV) Q1 2024 financial results

Apr 17, 2024 | 05:35 am

Insurance service provider The Travelers Companies, Inc. (NYSE: TRV) Wednesday reported an increase in revenues and earnings for the first quarter of 2024. First-quarter 2024 net income, on a per-share […] The post Earnings Summary: A snapshot of Travelers Companies’ (TRV) Q1 2024 financial results first appeared on AlphaStreet.

Prologis Stock Leading U.S. Logistics Boom

Apr 17, 2024 | 04:50 am

Logistics and warehousing real estate may come in handy during the manufacturing boom coming to U.S, markets. Prologis stock is the outlier as a bull pick.

Key highlights from Abbott Laboratories (ABT) Q1 2024 earnings results

Apr 17, 2024 | 04:46 am

Abbott Laboratories (NYSE: ABT) reported its first quarter 2024 earnings results today. Total sales increased 2.2% year-over-year to $10 billion. Organic sales growth was 10.8%. Net earnings decreased 7% to $1.22 […] The post Key highlights from Abbott Laboratories (ABT) Q1 2024 earnings results first appeared on AlphaStreet.

Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains

Apr 17, 2024 | 04:40 am

Johnson & Johnson's Q1 2024 earnings offer a mixed picture of resilience amidst economic headwinds and provide insight into the broader medtech sector's health.

Are We in a Bull Market? 4 Factors that Determine a Bull Market

Apr 17, 2024 | 04:29 am

With shifting economic trends, many investors are asking, "Are we in a bull market?" Gain insight into the financial landscape with the latest from MarketBeat.

Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?

Apr 17, 2024 | 04:20 am

Lululemon's dip is potentially the best deal in the apparel industry today, analysts and institutions still see double-digit upside for the stock

Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving

Apr 17, 2024 | 04:10 am

The crypto market has experienced a significant pullback, with Bitcoin's price dropping 10% over five days and 3.5% in the last month, ahead of its halving.

US Bancorp (USB) Q1 2024 Earnings: Key financials and quarterly highlights

Apr 17, 2024 | 04:00 am

US Bancorp (NYSE: USB) reported its first quarter 2024 earnings results today. Total net revenue decreased 6.4% year-over-year to $6.7 billion. Net income applicable to US Bancorp common shareholders decreased […] The post US Bancorp (USB) Q1 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

Commercial Banks Could Be Back in Play, Led by Bank of America

Apr 17, 2024 | 04:00 am

Bank of America joins Citigroup in giving investors a clear insight into the stock market's next move higher. Consumer trends remain strong

Missed Taiwan Semi’s Rise? Try United Microelectronics

Apr 17, 2024 | 04:00 am

The semiconductor industry has been on fire thanks to the artificial intelligence (AI) trend. Semiconductor stocks within the computer and technology

Bitcoin Halving Could Bring Massive Upside!

Apr 16, 2024 | 16:42 pm

In this edition of StockCharts TV's The Final Bar, Dave shares a brief history of Bitcoin halving and relates it to the short-term and long-term technical outlook on this significant development for cryptocurrencies. He also focuses on stocks testing their 50-day moving averages, including NFLX, SMCI, and MSTR.This video originally premiered on April 16, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

AMD Plunges to a Critical Support Level: Is Now the Time to Go Long?

Apr 16, 2024 | 13:38 pm

Leading chip designer Advanced Micro Devices, Inc. (AMD) is at a critical juncture, one which could go either way depending on the dynamics of the market and its specific industry. The stock's technical and fundamental indications are not only mixed, but on opposite extremes.Now that AMD's price has fallen to a key level, bullish investors may wonder if it's wise to buy the dip or avoid a falling knife.AMD's Technical vs. Fundamental OutlookAMD's technical strength is rapidly declining: with a StockCharts Technical Rank (SCTR) score of 89.9, the chipmaker is showing up on bearish scan results, including the P&F Double Bottom Breakdown, P&F Descending Triple Bottom Breakdown, and Stocks in a New Downtrend (ADX), all of which can be found on the StockCharts Sample Scan Library.Fundamentally, a ray of light shone on Tuesday when AMD unveiled its latest new processors designed to power AI-enabled PCs—Ryzen Pro 8040 (laptop) and the Ryzen Pro 8000 (desktop)—which the company claims are the most powerful chips for business computing. If they perform as AMD expects, these chips can potentially catapult AMD's position against rivals Nvidia (NVDA) and Intel (INTC) in the generative AI arena.What are analysts saying about upside price targets? There's a vast range: from $180 to $270. To be fair, bearish analyst targets are also well below current prices, around $110 to $120. So, even if you're bullish, consider the downside projections (and why some analysts might be bearish).The Macro ViewWhile AI technology had simmered in the tech undercurrents for years, the AI arms race ignited on November 30, 2022, with OpenAI's release of ChatGPT. Powered by Nvidia's powerhouse GPUs, this watershed moment marked a seismic shift in the semiconductor industry.CHART 1. WEEKLY CHART OF AMD: The blue vertical line marks the week ChatGPT was released to the public, creating a fierce competitive environment among chipmakers.Chart source: StockCharts.com. For educational purposes.While many semiconductor stocks fell at the end of November 2022 due to geopolitical hurdles (US export restrictions to China) and general expectations of an economic slowdown, this also marked the moment when AMD began significantly underperforming NVDA (soon to become the top AI chip producer).Against NVDA, AMD is underperforming by over -68%. However, AMD managed to overtake Intel (INTC) by a stunning 731%. Relative to the Dow Jones U.S. Semiconductors Index ($DJUSSC), AMD's performance is declining, though still leading the average by 48%. And against the S&P 500 ($SPX), AMD's performance is up 238%.Looking at the technicals from a macro view, is AMD in a downtrend or a near-term dip?Is it Time to Buy the Dip?CHART 2. DAILY CHART OF AMD. AMD may be in a relatively deep decline, but the momentum, support levels, and fundamental story tell a different story. Chart source: StockCharts.com. For educational purposes.The fundamental story fueling a potential bounce is more important than the technical indications of a bullish reversal. AMD broke below support levels of $170 and (below that) $165, both bearish indications for the chipmaker.As the Relative Strength Index (RSI) steadily approaches the 30 line (which marks the oversold threshold), note the rising buying pressure, as indicated by the Chaikin Money Flow (CMF) climbing above the zero line—a signal that buyers are now entering the market.AMD is resting right above a critical Fibonacci retracement level (50%), which explains why more technically inclined buyers might have begun accumulating shares of the stock (the 61.8% to the 50% levels are often buy targets for bullish traders looking to go long).What This Means for Your PortfolioSo, does this mean you should buy the dip? It depends on how bullish you are on AMD and why you might have a bullish bias. Perhaps waiting for a stronger bounce with more significant momentum may be the thing to watch if you are. AMD is in a buying range, but how you approach accumulating the stock depends on you and your strategy.Also, note that AMD's earnings report is on April 30. Monitor the action leading to and/or following the report.The Bottom LineAMD is at a crucial juncture, balanced between tepidly bearish technical signals and promising fundamentals from its latest AI-capable processors. The broader semiconductor sector's struggles—sparked by geopolitical tensions and economic fears since ChatGPT's launch—frame AMD's precarious market stance. Whether to buy the dip hinges on whether you believe AMD can redefine its competitive edge, jump ahead of its rivals, and challenge NVDA. AMD is within buy range, but you may want to nuance your entry if you're itching to go long. Be sure to add AMD to your StockCharts ChartList.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

UAL Earnings: United Airlines Q1 loss narrows on higher revenues; results beat

Apr 16, 2024 | 13:08 pm

United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the first quarter of 2024, on an adjusted basis. The bottom line benefitted from an increase in revenues. […] The post UAL Earnings: United Airlines Q1 loss narrows on higher revenues; results beat first appeared on AlphaStreet.

Wealth Minerals is a deep-value company with excellent assets: CEO Henk van Alphen

Apr 16, 2024 | 12:47 pm

Wealth Minerals Ltd. is a mineral resource company focused on the acquisition and development of lithium projects in South America. It has interests in Chile, Canada, Mexico, and Peru. The […] The post Wealth Minerals is a deep-value company with excellent assets: CEO Henk van Alphen first appeared on AlphaStreet.

What to look for when Hasbro (HAS) reports first quarter 2024 earnings results

Apr 16, 2024 | 11:19 am

Shares of Hasbro Inc. (NASDAQ: HAS) stayed green on Tuesday. The stock has gained 8% year-to-date. The toymaker is scheduled to report its first quarter 2024 earnings results on Wednesday, April […] The post What to look for when Hasbro (HAS) reports first quarter 2024 earnings results first appeared on AlphaStreet.

Silicon Motion Proves That AI in Motion Stays in Motion

Apr 16, 2024 | 08:42 am

Silicon Motion Technology Co. (NASDAQ: SIMO) is a fabless semiconductor company in the computer and technology sector specializing in designing and developing

United Airlines Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript

Apr 16, 2024 | 08:07 am

United Airlines Holdings, Inc. (NYSE: UAL) is expected to publish first-quarter results today, after the closing bell, amid expectations for a mixed outcome. Listen to United Airlines‘ earnings call live and […] The post United Airlines Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

Undervalued UnitedHealth Group Won’t Be For Long

Apr 16, 2024 | 07:53 am

UnitedHealth Group had a decent quarter impacted less by the cyber attack than some had feared. The market is in rebound mode and could rally substantially.

The 5 Stocks Most Sold By Insiders This Year

Apr 16, 2024 | 07:45 am

Insiders are selling these 5 stocks increased as their markets advanced, and gains may be capped. Long-term outlooks are positive for growth and share prices.

DocuSign and The Case for 66% Upside

Apr 16, 2024 | 07:20 am

Recent upgrades suggest DocuSign still has 60%+ of unrealized upside. If the stock hits targets by Citi or JMP, it'd be their highest levels in over 2 years.

ASML’s Earnings Could Bring The Stock to New Highs

Apr 16, 2024 | 07:20 am

ASML stock is calling the shots this earnings season, with EPS projections and valuations calling for a potentially new high price for the name.

PNC Financial Services Group Q1 2024 earnings and revenue decline

Apr 16, 2024 | 06:58 am

The PNC Financial Services Group, Inc. (NYSE: PNC) on Tuesday reported a decrease in revenues and net profit for the first quarter of 2024. Net income attributable to common shareholders […] The post PNC Financial Services Group Q1 2024 earnings and revenue decline first appeared on AlphaStreet.

Buckle Up or Bail Out? The Self-Driving Taxi Market's Risky Ride

Apr 16, 2024 | 06:45 am

The self-driving taxi market is a high-stakes race where technological innovation, safety regulations, and disruptive forces determine winners and losers.

Retail Investors Can Follow Goldman Sachs' Moves This Quarter

Apr 16, 2024 | 06:20 am

Goldman Sachs joins the Wall Street view of stocks having potentially more room to move higher, the business cycle is only getting started

Johnson & Johnson is as Cheap as it’s Going to Get

Apr 16, 2024 | 06:15 am

Johnson & Johnson raised its dividend for the 62nd consecutive year and has the power to continue raising the annual payout indefinitely.

PayPal’s User Decline Won’t Stop Its Double-Digit Upside

Apr 16, 2024 | 06:08 am

PayPal stock is a sitting duck waiting to be shot by value investors. Fundamental KPIs show that a decline in net users isn't as bad as it seems.

BK Earnings: A snapshot of Bank of New York Mellon’s Q1 2024 results

Apr 16, 2024 | 05:59 am

The Bank of New York Mellon Corporation (NYSE: BK) reported a double-digit increase in earnings for the first quarter of 2024 when the financial services provider’s revenues rose by 3%. […] The post BK Earnings: A snapshot of Bank of New York Mellon’s Q1 2024 results first appeared on AlphaStreet.

Infographic: How UnitedHealth Group (UNH) performed in Q1 2024

Apr 16, 2024 | 05:51 am

UnitedHealth Group (NYSE: UNH) reported its first quarter 2024 earnings results today. Revenues increased 9% year-over-year to $99.8 billion. Net loss attributable to UnitedHealth Group common shareholders was $1.4 billion, […] The post Infographic: How UnitedHealth Group (UNH) performed in Q1 2024 first appeared on AlphaStreet.

What is the Nasdaq? Complete Overview with History

Apr 16, 2024 | 05:00 am

Learn about Nasdaq, the world's first electronic stock exchange founded in 1971, and its role as a global hub for tech and computer-based companies.

What is a Secular Bull Market? How to Identify this Market

Apr 16, 2024 | 04:59 am

Discover what defines a secular bull market, its key characteristics, and how you can invest to capitalize on long-term growth trends.

MS Infographic: Morgan Stanley reports higher revenue and profit for Q1 2024

Apr 16, 2024 | 04:43 am

Banking giant Morgan Stanley (NYSE: MS) announced financial results for the first quarter of 2024, reporting an increase in revenues and net profit. Net income applicable to shareholders was $3.41 […] The post MS Infographic: Morgan Stanley reports higher revenue and profit for Q1 2024 first appeared on AlphaStreet.

BAC Earnings: All you need to know about Bank of America’s Q1 2024 earnings results

Apr 16, 2024 | 04:18 am

Bank of America (NYSE: BAC) reported its first quarter 2024 earnings results today. Total revenue decreased 2% year-over-year to $25.8 billion. Net income was $6.7 billion, or $0.76 per share, […] The post BAC Earnings: All you need to know about Bank of America’s Q1 2024 earnings results first appeared on AlphaStreet.

JNJ Earnings: Key quarterly highlights from Johnson & Johnson’s Q1 2024 financial results

Apr 16, 2024 | 03:48 am

Johnson & Johnson (NYSE: JNJ) reported first quarter 2024 earnings results today. Reported sales increased 2.3% year-over-year to $21.4 billion. The company reported net earnings of $5.3 billion, or $2.20 […] The post JNJ Earnings: Key quarterly highlights from Johnson & Johnson’s Q1 2024 financial results first appeared on AlphaStreet.

Star Surgical Shines as U.S. Outlook Improves for 2024

Apr 16, 2024 | 03:25 am

STAAR Surgical is increasing its outlook and guidance as demand for its signature IOL procedure increases with an aging population

Is Norwegian Cruise Lines Ready to Catch Up to Royal Caribbean?

Apr 16, 2024 | 03:15 am

After lagging behind rivals in the post-pandemic turnaround, Norwegian Cruise Lines appears to have a tailwind that could propel NCL stock to the top spot

3 Computer Vision Stocks for Long-Term Gains From AI

Apr 16, 2024 | 03:08 am

Computer vision is central to edge computing and the advancement of AI; these companies are well-positioned to benefit from a boom that has yet to start

Kinder Morgan Stock Bid Up In An Oil Breakout

Apr 16, 2024 | 03:05 am

Kinder Morgan is the oil stock that stood out to markets enough to bring its valuation to a premium above peers, and analysts still see a double-digit upside

Is Market Breadth Signaling THE TOP?!

Apr 15, 2024 | 17:02 pm

In this edition of StockCharts TV's The Final Bar, Dave shows how bearish short-term breadth combined with the deterioration in long-term breadth lines up well with previous market tops. He then breaks down key levels for the S&P 500 index as well as MSFT, TSLA, and more.This video originally premiered on April 15, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

What to expect when Philip Morris (PM) reports Q1 2024 earnings

Apr 15, 2024 | 11:23 am

Shares of Philip Morris International Inc. (NYSE: PM) stayed red on Monday. The stock has dropped over 6% year-to-date. The tobacco giant is scheduled to report its first quarter 2024 […] The post What to expect when Philip Morris (PM) reports Q1 2024 earnings first appeared on AlphaStreet.

DP Trading Room: Final Earnings are In for 2023 Q4!

Apr 15, 2024 | 11:17 am

Carl opens the show with a view of the final earnings results for 2023 Q4! His chart reveals whether stocks are fair valued, overvalued or undervalued. Get his take on the current readings.Carl gave us his market overview including Bitcoin, Gold Miners, Gold and Crude Oil and many more. Next up was a look at the weekly charts for the Magnificent 7 stocks. Special time was devoted to Dividend Focused ETF, TBG.Carl and Erin both discussed Metals in general with a dive into the Materials sector after Erin's sector overview.Both covered your symbol requests!00:59 Earnings Outlook03:03 Market Overview12:09 Magnificent 715:29 TBG - Dividend Focused ETF16:52 Metals Discussion19:45 Sector Overview26:16 Symbol RequestsWatch the latest episode of the DecisionPointTrading Room on DP's YouTube channel here! Try us out for two weeks with a trial subscription! Use coupon code: DPTRIAL2 at checkout!Technical Analysis is a windsock, not a crystal ball. --Carl Swenlin(c) Copyright 2024 DecisionPoint.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.Helpful DecisionPoint Links:Trend ModelsPrice Momentum Oscillator (PMO)On Balance VolumeSwenlin Trading Oscillators (STO-B and STO-V)ITBM and ITVMSCTR RankingBear Market Rules

The Charles Schwab Company Can Hit New Highs

Apr 15, 2024 | 08:48 am

The Charles Schwab Company had a decent quarter and is expected to return to growth. Capital returns are solid and driving shareholder value.

Costco vs. Walmart: Revenue Comparison of Two Retail Giants

Apr 15, 2024 | 08:39 am

Costco and Walmart are 2 of the world's biggest retailers, but which is the better investment? Read more about these companies in our detailed breakdown.

3 Energy Plays for Cash Flow: Buy 1 or Buy Them All

Apr 15, 2024 | 07:16 am

Energy companies produce solid cash flows and return capital to shareholders; these three are on track to substantially increase their distributions.

Charles Schwab (SCHW) Q1 2024 Earnings: Key financials and quarterly highlights

Apr 15, 2024 | 05:55 am

The Charles Schwab Corporation (NYSE: SCHW) reported first quarter 2024 earnings results today. Net revenues decreased 7% year-over-year to $4.74 billion. Net income available to common shareholders was $1.25 billion, […] The post Charles Schwab (SCHW) Q1 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

Are The Financials Sending Us A Major Warning Signal?

Apr 14, 2024 | 08:42 am

I've said for awhile that we could use some short-term selling to unwind overbought conditions and even negative divergences in some cases. I was looking for perhaps 4-5%, but it's really difficult to predict the kind and depth of selling that we'll see when secular bull markets face a downturn. Personally, I'd be shocked if this recent weakness morphs into a bear market. I'm not saying that it's not possible, but my key signals suggest it's very, very unlikely. We've seen some downside moves in the past of just 1-2% and others, like the correction last summer, that stretched to 10%. I believe earnings will be strong, but the huge move off the October 2023 low may have built in that positive news. You've probably heard that old Wall Street adage, "buy on rumor, sell on news", right? Well, that's exactly what we saw Friday, with respect to the major financials that reported quarterly results Friday morning. The earnings numbers looked pretty good on Zacks:Reported EPS was significantly higher than estimates in every case. Citigroup (C), in particular, crushed estimates, blowing them away by nearly 40%. There were revenue beats by all 6 companies as well:Again, it was C that posted the best revenue beat - nearly 4% higher than expectations. From these tremendous numbers, it's easy to NOW see why financials had performed so well. But one thing that confuses many retail traders is that strong results do not always translate into higher stock prices. Check out the quarterly earnings price reactions on these 6 stocks:Is this type of market reaction justified after seeing those quarterly results? I don't think so, but the stock market doesn't care what I think. Market makers have a job to do - build positions for their institutional clients at our expense. The short-term is NOT efficient. Prices don't do what you think they'll do. Then you get confused, believing financial stocks are dead. After they drop for awhile, you panic and sell and, after market makers get all the shares they need, financials regain their strength. This is what the stock market does. The short-term inefficiencies wear on traders, causing them to give up, and that creates supply for market makers to build their inventory. Then rinse and repeat. As the late great Yogi Berra would say, "it's deja vu all over again!"I discussed why we can't trust this selling in my latest EB Weekly Market Recap VIDEO, "Hot CPI Stokes Inflation Fears". The secular bull market remains perfectly intact. Check it out and leave me a comment. Also, please "LIKE" the video and "SUBSCRIBE" to our YouTube channel, if you haven't already. It'll help us build our YouTube community and I would certainly appreciate it.On Monday, April 15th, I'll be providing another financial stock that is poised to report excellent quarterly results. This company has been a huge leader among its peers, suggesting a blowout report ahead. If financials reverse their current weakness, I would not be surprised to see a very POSITIVE market reaction to this company's report. To receive this company and check out its chart, simply CLICK HERE to subscribe to our FREE EB Digest newsletter. There is no credit card required to join the EB Digest, just your name and email address!Happy trading!Tom

S&P 500 Flashes Major Topping Signals

Apr 12, 2024 | 19:57 pm

Toward the bottom of my Mindful Investor LIVE ChartList, there is a series of charts that rarely generate signals. So why would I include things like the Hindenburg Omen and Coppock Curve, which are usually a nonfactor during my regular chart review, in my main list of macro charts? Because I've learned that when these rare signals do actually occur, it's best to pay attention!As I checked in on the markets this week during Spring Break, I noticed that the weekly S&P 500 chart showed that the RSI had just broken down out of the overbought region. And while the weekly PPO has not yet registered a sell signal, it finished the week by almost doing so.At major market tops, you'll usually see overbought conditions leading into peak, as prices move aggressively higher in the later stages of the bull market. The weekly RSI (bottom panel) pushed above the 70 level in mid-January, and has remained above that threshold until this week.The weekly PPO is an adaptation of Gerald Appel's fantastic MACD indicator, which uses a series of exponential moving averages to identify the primary trend and indicate trend reversals. If we would get a confirmed sell signal next week, with the PPO line crossing down through the signal line, that would be the first signal since the market peak in August 2023.Let's bring in some additional price history to consider how often this dual sell signal has triggered, and what has usually followed this bearish confirmation.This pattern has occurred ten times since the 2009 market bottom, with five of those signals resulting in some of the most meaningful drawdowns of the last 15 years. The other five times ended up being fairly brief pullbacks within a longer-term uptrend.How can we differentiate the winning signals from the less successful indications? Well, the winning signals were followed soon after by a break of the 40-week moving average, used on the weekly chart to emulate the 200-day moving average from the daily chart.During the false sell signals, we never saw a confirmed break below the 40-week moving average, as buyers seemed to come in to buy on weakness and push prices back higher. Looking forward to the coming weeks, that would mean that an S&P 500 below 4680 or so would indicate a high likelihood of much further downside for stocks.It also tells me to focus in on other macro technical indicators, using breadth indicators and the daily S&P 500 chart to further validate the short-term price momentum.S&P 5050 remains a key short-term support level, as this served as a key pivot point in February and March. As the SPX has begun an apparent rotation down to this support level, it's worth noting that the daily RSI is now below 50. The percent of stocks above the 50-day moving average is now below 50%, and the McClellan Oscillator is well below the zero level.All of these short-term signals speak of a market in a corrective phase. If and when the S&P 500 would break below its 200-day moving average (less than 500 points away after Friday's close!), that would mean the short-term deterioration has fueled enough of a breakdown to trigger our weekly sell signals.In either case, I've seen enough after this week's overheated inflation numbers to consider a much stronger downdraft as we enter the meat of earnings season. Whatever you think may come next for the S&P 500 and Nasdaq 100, now could be a perfect time to make sure you have a good exit strategy in mind!RR#6,DaveP.S. Ready to upgrade your investment process? Check out my free behavioral investing course!David Keller, CMTChief Market StrategistStockCharts.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Keeping Up With The Jones - How Weakness in This Index May Foretell a Broader Market Correction

Apr 12, 2024 | 19:49 pm

The Dow Jones Industrial Average fell 2.4% last week in a move that pushes this index further below its key 50-day simple moving average. While not the most widely followed index, the Dow has continued to evolve so that its 30 components more closely represent the current economy. Amazon's (AMZN) inclusion at the end of February is the latest modification, where it joins Apple (AAPL), Microsoft (MSFT), and Salesforce (CRM) to name just a few of the heavier-weighted names.Daily Chart of Dow Jones Industrial AverageLeading this index lower last week was a 7.4% decline in J.P. Morgan Chase (JPM), which fell following the release of their first quarter earnings on Friday. While the company's results were strong, CEO Dimon's tepid outlook for growth going forward pushed the stock lower. Among the risks cited by management were high inflation and the potential for the Federal Reserve to tighten monetary policy. Geopolitical risks were also mentioned.Most notable on JPM's chart, however, was the fact that it was trading at a new high in price prior to the release of their report. In other words, the stock was priced for perfection, such that any hint of a possible slowing of growth pushed the stock sharply lower.Currently, we are at the very beginning of earnings season and, should we see a similar reaction to well-known companies reporting results while their stock is priced at a near-term high, we could be in for some tough sledding. Netflix (NFLX) is the next well-known company due to report next week, followed by Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META) the following week. Each of these stocks are trading at near-term highs and are susceptible to weakness amid any talk of a rise in interest rates.Comparative Chart of Dow, S&P 500 and NASDAQ - June 2023-CurrentAbove is a comparative chart of the Dow Jones Industrial Average versus the S&P 500 and the NASDAQ Composite. As highlighted, the Dow led the markets into a new uptrend, which began in early November. More recently, many of those winning stocks from the Dow are now in downtrends, after closing below their key 50-day simple moving average.These winners were from a broad cross-section of sectors, such as Industrials, Financials, and Consumer Discretionary, and include Home Depot (HD) and J.P. Morgan (JPM), to name just two. My screening showed the weakness that had been spreading in these sectors, as I removed several Retailers from my MEM Edge Report Suggested Holdings List over the past several weeks and took off Bank stocks earlier this week. The deterioration among these Discretionary, Financial, and Healthcare stocks from the Nasdaq and the S&P 500 may be harder to spot, given the large number of names in their index; however, my MEM Edge Report has been detailing the weakness for weeks now.Most important at this time is the fact that both the Nasdaq and S&P 500 are hovering above key support, and you'll want to preserve profits should we see a downtrend develop. While interest rates are a key determinant of investor sentiment, earnings reports have been proven to be more impactful. If you'd like to be kept up to date on the condition of the broader markets, as well as how to handle stocks depending on your investment horizon, use this link here to access my twice weekly report for 4 weeks for a nominal fee.Warmly,Mary Ellen McGonagleMEM Investment Research

Stay Ahead of the Markets with AUTOMATED Portfolio Reports

Apr 12, 2024 | 18:20 pm

Staying on top of your portfolio in a fast-moving market can be a challenge. On this week's edition of StockCharts TV's StockCharts in Focus, Grayson shows you how to make things easier on yourself with automated ChartList Reports for your portfolio. You'll learn how to create a list full of the stocks, ETFs, and other securities you own, then turn on end-of-day or end-of-week performance reports that get sent to you automatically after the close. This is one of the simplest ways to improve your market monitoring and investing decisions no matter where you are or what pulls your attention away from the markets.This video originally premiered on April 12, 2024. Click on the above image to watch on our dedicated StockCharts in Focus page on StockCharts TV.You can view all previously recorded episodes of StockCharts in Focus at this link.

MEM TV: Time To SELL EVERYTHING?!

Apr 12, 2024 | 18:11 pm

In this episode of StockCharts TV's The MEM Edge, Mary Ellen shares key signals that it's time to sell a stock, using INTC as an example. She also reviews a key area of support for the markets, and new sectors that have entered a downtrend. She finishes up by showing how to compose a watchlist of names that can be bought once market pressures recede.This video originally premiered April 12, 2024. Click here or on the above image to watch on our dedicated MEM Edge page on StockCharts TV.New episodes of The MEM Edge premiere weekly on Fridays. You can view all previously recorded episodes at this link.If you're looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Stock Market Indexes Plunge After Hitting Resistance -- Support Levels You Need to Watch

Apr 12, 2024 | 15:14 pm

Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run? Well, after a few months singing the monotone "up, up, up" tune, the stock market has mixed things up a little. Now you hear "up, down, up, down."Why the Change?A hotter-than-expected CPI number sent the stock market into a selling frenzy, but the PPI, which came in slightly lower than estimates, reversed things slightly. However, the selling pressure returned on Friday, with the broader indexes closing lower.Earnings season kicked off with JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) beating estimates. Yet their share prices fell, mainly due to lower-than-expected interest income. The CEO of JPMorgan Chase, Jamie Dimon, made comments concerning inflation further worried investors. In addition, the elevated concerns of geopolitical tensions made investors jittery, resulting in the selloff the stock market witnessed this week. The CBOE Volatility Index ($VIX), considered a fear gauge, spiked above 18 during the trading day, but closed at a lower level.Dow Jones Industrial Average AnalysisThe daily chart of the Dow Jones Industrial Average ($INDU) below shows the index retreating after hitting a high in April, at around the same level as the high in March. This reversal happened relatively quickly. In this scenario, it helps to sit back, analyze the chart, and add your lines in the sand.CHART 1. DAILY CHART OF THE DOW JONES INDUSTRIAL AVERAGE. After hitting a high, the index pulled back, fell below its 50-day simple moving average (SMA), and is now close to its 100-day SMA.Chart source: StockCharts.com. For educational purposes.First, look for stand-out support levels—previous highs, price gaps, and lows. In the above chart, it's clear the series of higher highs was broken, and the index now displays lower highs.After breaking below its February low, the next support level would be the late December high (red-dashed line). Similarly, you can identify various support levels and draw them in your chart (red dashed line at around 35,600). Another way to identify support and resistance is to add Fibonacci retracement levels. In the daily chart of $INDU, Fibonacci retracement levels were drawn from the October low to the March/April high. How do you add trendlines in StockCharts? Select the Annotate button > Line tools icon > Trendline.Watch this tutorial!How do you add Fibonacci retracement levels in StockCharts?Select the Annotate button > Line Study icon > Fibonacci RetracementMoving averages help identify the overall trend. In the daily chart of $INDU, the index is below its 50-day simple moving average (SMA) and is trying to hold on to the support of its 100-day SMA. The S&P 500 is at its 50-day SMA.A Longer-Term PerspectiveThe weekly Dow Jones chart gives a big-picture view of the index (see chart below). While the Dow is still above its 50-week SMA, the last two weeks have seen a significant selloff. But it's less than a 5% correction. Next week should be interesting, with the S&P 500 and Dow Jones at critical support levels at the end of this trading week. The market has gone through some minor dips lately, but, if the indexes fall below significant support levels, the correction could be extended.CHART 2. WEEKLY CHART OF DOW JONES INDUSTRIAL AVERAGE. The index is below its 50-week SMA. Will it fall to its next support level?Chart source: StockCharts.com. For educational purposes.While stocks have been selling off, commodities have risen since March, with gold hitting all-time highs and silver hitting a 52-week high. Energy prices have been rising, and the US dollar is edging higher. It's too early to tell if investor sentiment is shifting, but it's something to monitor closely.What This Means For Your Investment PortfolioA 5–10% correction isn't something you should panic about. The stock market is overextended, and a pullback is long overdue. At times like this, you need to watch the market regularly.A few actions you can take are as follows:Add potential support levels to your charts and monitor them closely.Watch the S&P sectors and look to see which sectors are leading and lagging. Our Chief Market Strategist, David Keller, CMT, covers this in his show The Final Bar.Monitor price action in the commodity markets—gold, silver, and crude oil.End-of-Week Wrap-UpS&P 500 closes down 1.46% at 5,123.41, Dow Jones Industrial Average down 1.24% at 37,983; Nasdaq Composite down 1.62% at 16,175.09$VIX up 16.10% at 17.31Best performing sector for the week: TechnologyWorst performing sector for the week: FinancialTop 5 Large Cap SCTR stocks: MicroStrategy Inc. (MSTR); Coinbase Global Inc. (COIN); Super Micro Computer, Inc. (SMCI); Vistra Energy Corp. (VST); Vertiv Holdings (VRT)On the Radar Next WeekMarch Industrial ProductionMarch Manufacturing ProductionMore Fed speeches Earnings from Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), United Airlines (UAL), and Schlumberger (SLB)Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Using Outsized Moves to Identify Trend Reversals - Checking in on Housing and Semis

Apr 12, 2024 | 14:23 pm

Trends often start with outsized moves. But how do we measure and identify such moves? Chartists can measure moves in Average True Range (ATR) terms using the ATR Trailing Stop SAR indicator (ATR-SAR). ATR is a volatility indicator developed by Welles Wilder. For example, a 4 ATR advance off a low would signal an outsized move that could jumpstart an uptrend. Conversely, a 4 ATR decline off a high would signal an outsized move that could jump-start a downtrend or corrective period. Today's report will highlight the outsized decline in the Home Construction ETF (ITB) and show this indicator for the Semiconductor ETF (SOXX). ATR-SAR is the bull/bear version of the ATR Trailing Stop, both of which are part of the TIP Indicator Edge Plugin for StockCharts ACP. SAR stands for "stop and reverse", which means the line switches sides with price breaks. When prices are rising, ATR-SAR is green and under the price. It acts as a trailing stop for a long position or an uptrend marker. When prices are falling, ATR-SAR is red and above price. It then acts as a stop for shorts or a downtrend marker. Let's look at an example using 22 periods for the Average True Range and 4 for the multiplier. The chart above shows the Home Construction ETF (ITB) with ATR-SAR (22,4). It turned green in November as ITB surged and broke out with an outsized advance. The ATR-SAR line turned green and remained 4 ATR(22) values below the highest close as prices rose. ITB fell sharply this week and broke the ATR-SAR line. This signals an outsized decline that could jump-start a downtrend or correction. Outsized declines can jump-start downtrends and outsized advances can jump-start uptrends. Notice that ITB held this ATR-SAR line from early November to early April. Declines during this period were less than 4 x ATR(22) values. The April decline broke this ATR-SAR line, meaning the decline was MORE than 4 x ATR(22) values. In other words, it was an outsized decline. Also notice that an outsized advance in early November jump-started the uptrend. Elsewhere, the EW Consumer Discretionary ETF (RSPD) and the Retail SPDR (XRT) also fell sharply and broke their ATR-SAR (22,4) lines. These were highlighted in Thursday's report and video at TrendInvestorPro. This means three economically sensitive groups reversed their uptrends this month (consumer discretionary, housing and retail). Elsewhere note that the Software ETF (IGV), Cybersecurity ETF (CIBR) and Cloud Computing ETF (SKYY) broke their ATR-SAR lines on February 21st. The Technology SPDR (XLK), Mobile Payments ETF (IPAY) and Semiconductor ETF (SOXX) have yet to break their ATR-SAR lines. The chart above shows SOXX holding up better than ITB. TrendInvestorPro offers two services. First, System Trader provides fully quantified momentum strategies for trading Nasdaq 100 and S&P 500 stocks. These strategies are designed to identify leading stocks and hold them as long as they lead. Second, Chart Trader reports and videos focus on stocks and ETFs with uptrends and tradeable patterns. Each week we cover the overall market environment and then feature highly curated trading ideas. Click here to learn more and get immediate access. //////////////////////////////////////////////////

RRG Indicates That Non-Mega Cap Technology Stocks are Improving

Apr 12, 2024 | 13:43 pm

A Sector Rotation SummaryA quick assessment of current sector rotation on the weekly Relative Rotation Graph:XLB: Still on a strong trajectory inside the improving quadrant and heading for leading. The upward break of overhead resistance on the price chart seems to be stalling at the moment, which could cause its relative strength compared to the S&P 500 to slow down. Overall, the trend, both in terms of price and relative, is still up.XLC: Continues to lose relative strength, and momentum is inside the weakening quadrant and rotating toward lagging at a negative RRG-Heading. On the price chart, XLC is battling resistance, causing its relative performance to slow down.XLE: The strongest rotation in this universe. Well inside the improving quadrant at the highest RS-Momentum reading and powered by the longest tail in the universe. The upward break in the price chart is holding up well, and the sector can even handle a small setback towards the former resistance area (just below ~95) without harming its uptrend.XLF: Was on its way back to the leading quadrant after curling back up inside weakening, but this week's dip is causing the tail to deviate from that path. This means we must watch this sector closely going into the close of this week and the beginning of next week, in order to see if this is a temporary hiccup or a real change of direction. The nasty dip on the price chart pushes XLF back below its former resistance levels, which is usually not a strong sign. Caution!!XLI: This is the only sector inside the leading quadrant at the moment, traveling at a strong RRG-Heading, taking the sector higher on both axes. The rally in the price chart is fully intact, but seems to stall at current levels for three to four weeks. Plenty of room on the chart for a corrective move in this sector without damaging the uptrend.XLK: The slow performance, primarily sideways, of the sector since the end of January has caused relative strength to flatten and for the sector to roll over and rotate into the weakening quadrant on the RRG. The jump today (Thursday, 4/11) caused an uptick in relative strength, but much more is needed to bring this sector back to the forefront.XLP: Did not make it all the way up to horizontal resistance around 77.50, but set a lower high after a nasty reversal last week. The raw RS-Line continues steadily lower, causing the tail on the RRG to remain short and on the left-hand side of the graph, indicating a steady relative downtrend.XLRE: After a rally at the end of last year, XLRE ended up in a sideways pattern that could turn out to be a double top after that rally. Such a top will be confirmed on a break below 37, which is the lowest low that was set in the week starting 2/12. When that happens, a decline all the way back to the late 2023 low becomes possible. The relative trend reversed back down after a very brief stint through the leading quadrant at the end of January.XLU: Just moved into the improving quadrant from lagging, but remains at a very low RS-Ratio level. The raw RS-Line continues to show a steady downtrend, making it hard for the tail to make it all the way to the leading quadrant. Price managed to break above a falling resistance line, but shortly thereafter stalled in the area of Sept-23, Dec-23, and Jan-24 highs. Pressure remains in both price and relative terms.XLV: After a short rotation through the improving quadrant that lasted roughly two months, XLV has now returned to the lagging quadrant and is pushing deeper into it on a negative RRG-Heading. On the price chart, XLV completed a (double) top formation and broke back below its former overhead resistance level, opening significant downside risk.XLY: Hesitating in a sideways pattern since mid-February, but still in a very shallow uptrend. Relative strength continued to decline but is now nearing its late 2022 relative low, and the RRG-Lines are showing early signs of improvement.Cap-Weighted vs. Equal-WeightedThe RRG above shows the relative rotation of the relationships between the cap-weighted sector ETFs and their equal-weighted counterparts. The more interesting information is coming from the tails that are far away from the benchmark. In this case, these are the Communication services sector, which is rolling over inside the leading quadrant, and Consumer Discretionary, which has just turned up inside the lagging quadrant.This indicates that the large(r)-cap communication services stocks are now starting to underperform the lower-tier market capitalizations. The opposite is true for Consumer Discretionary, where the opposite is happening, and larger market cap stocks are taking over from lower-tier market caps.A similar observation can be made for the Technology sector, which is heading straight into the lagging quadrant, which suggests that large-cap tech is giving way to smaller names. This information will be helpful when looking at RRGs for individual stocks inside the sectors.#StayAlert: --Julius

From Relic To Reckoning: Can Gold Surge To $3,000?

Apr 12, 2024 | 13:22 pm

The strange thing about gold is that it's always a relic ... until it isn't. And when it isn't, everyone swears it's always been an alternative currency (why would anyone have thought it was a relic in the first place?).Relic or "sound money" reckoning, the yellow metal's surge—notching a record-high of $2395.60—stunned non-believing investors and even die-hard gold bugs. Here's the thing: some analysts are saying this record high is not the top but rather the bottom range.Why Are Some Analysts Claiming Gold Can Reach $3,000?$3,000 an ounce is 25% higher than the current price and a 64% rally from its last significant low in October 2023. But what would drive gold to such heights?Fiat currencies under pressure; financial repression (as BofA noted back in 2020)?Stubborn inflation; massive government debt (says European financial engineering firm, Mind Money)?BRICS de-dollarization efforts; new gold-backed currencies being issued across the globe—all aimed at challenging the US dollar's unipolar position?Let's take a look at the gold's macro price action.CHART 1. MONTHLY CHART OF $GOLD. Note its series of sideways fits and start leading up to its current parabolic rise. Chart source: StockCharts.com. For educational purposes only.Here's gold's trajectory starting with its 2016 low. Most of the time, the yellow metal traded within a fairly wide range between uptrends.Note the Chaikin Money Flow (CMF) highlighted in blue circles. This indicates momentum via buying pressure.In 2016, buying pressure rose after gold had established its high (institutional buying?) but selling pressure got nowhere near the depth it did before reaching that high.In 2019, CMF levels again broke above the zero line, this time followed by a mighty breakout (see black dashed line) and rally as the Fed's repo market injections were likely perceived as yet another form of quantitative easing.And in late 2023, despite high valuations but amid escalating geopolitical risks and de-dollarization worries, the CMF broke above the zero line again, leading to the incredible surge we saw over the last two months.Here's the big question ...Is 2023's Price Ceiling the New Price Floor for 2024 and Beyond? Currently, analysts from leading banks are revising their gold forecasts noting the clash between short-term economic shifts and deeper geopolitical fractures are rendering traditional valuation metrics obsolete.Let's take a look at the current price action.CHART 2. DAILY CHART OF $GOLD. Note the parabolic move that's losing momentum. Chart source: StockCharts.com. For educational purposes.If you've been following national news, you're probably aware that gold bullion sells like hotcakes at Costco. What does this say? Despite its sky-high valuations, it tells us there's a frantic retail dash for gold.Still, there are many technical and fundamental reasons to expect a pullback. For starters, sticky inflation (did you see the latest CPI and PPI report?) indicates the possibility of interest rates being higher for longer. The Money Flow Index (MFI), a volume-weighted RSI, is well within "overbought" territory.The CMF, this time on a daily scale, has dipped into "selling pressure" territory.Yet, there are many reasons to be bullish on gold—technically, from a macro perspective (as you can see in the monthly chart above) and fundamentally, as discussed at the top of this article.Keep an eye on $2,100—that's the 2023 resistance level. Will it provide support for a next leg up? When prices dip, what if it doesn't sink to that level? In this case, watch the most current swing low at $2,150 in conjunction with the Kumo range of the Ichimoku Cloud.Gold is the Fear TradeGold's rally to $2,395.60 and the whispers of a potential climb to $3,000 mark a seismic shift in how investors view the age-old asset. It also reflects fears surrounding the economy, the future status of the dollar amid de-dollarization, and dwindling faith in the Federal Reserve's capacity to implement sound monetary policy.Gold is the fear trade. And if you're bullish on gold and monitoring all of the fundamental and geopolitical news affecting its valuations, now you have the technical context to get the 360-degree view you need to make your own forecast.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Market Research and Analysis - Part 5: Drawdown Analysis

Apr 11, 2024 | 16:00 pm

Note to the reader: This is the sixteenth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of facts. The world of finance is full of such tendencies, and here, you'll see some examples. Please keep in mind that not all of these examples are totally misleading -- they are sometimes valid -- but have too many holes in them to be worthwhile as investment concepts. And not all are directly related to investing and finance. Enjoy! - GregWhile the world of finance believes risk is measured by volatility (standard deviation), it is my belief that loss of capital is risk, and not volatility.In Figure 11.1, example A ends where it begins with zero gain or loss, yet modern finance says it is risky because it is volatile. Example B shows the end price lower than the beginning price, so it shows a loss; modern finance, in this instance, would say there is no risk because there is no volatility. I think you can draw your own conclusions.Volatility can contribute to risk, but it also can contribute to price gains. Loss of capital is simple and reasonable to use as a risk measure, and in this chapter, risk is defined by drawdown.What Is Drawdown?Drawdown is the percentage that price has moved down from its previous all-time high price.Drawdown is risk.Drawdown is systematic risk.Drawdown is loss of capital.Drawdown can last longer than you can.Drawdown can ruin your retirement plans.Drawdown TerminologyThe following describes the nomenclature used in Figure 11.2. Drawdown Magnitude is the percentage that price has moved down from its previous all-time high.Drawdown Decline is the amount of time the market declined from an all-time high to the trough.Drawdown Duration is the total amount of time that it took the price to recover to is previous all-time high.Drawdown Recovery is the time it took from the trough to get back to an all-time high.Although the terminology for drawdowns is subjective, I'll stick with the ones that Sam Stovall (Standard & Poor's) uses, as they are as good as any. I have often thought one more term for bear markets greater than -40% would be good, such as Super Bear, but I have other battles to fight. See Table 11.1.The Mathematics of Drawdown and Equivalent ReturnRecovering from a severe drawdown takes an extraordinary return just to get back to where you were. This is sometimes referred to as equivalent return and is represented by this formula: Percent Drawdown /(1 – Percent Drawdown ) - 1If you don't have a calculator or table handy, just divide the percent decline by its complement (100 – percent), and then mentally place the decimal in the appropriate place. This is best done in privacy and not on a stage in front of many people.From Figure 11.3, you can see that if you lose 50%, then it takes a 100% gain to get back to even. When was the last time you doubled your money? A 100% gain is the same as doubling your money. The bear market that began on October 9, 2007 dropped more than 55%; you can see that to recover. it takes a gain of more than 122% to get back to even. One thing the graphic clearly shows is that, the larger the loss, the greater the gain required to recover.Cumulative DrawdownFigure 11.4 is an example of cumulative drawdown. The line that moves across the tops of the price data (top plot) only moves up with the data and sideways when the data does not move up; in other words, it is constantly reflecting the price's all-time high value. The bottom plot is the percentage decline from that all-time high line. Whenever that line is at the top, it means that price in the top plot is at its all-time high. As the line in the bottom plot declines, it moves in percentages of where it was last at its all-time high price.In the example shown, a new all-time high in price is reached at the vertical line labeled A. The bottom plot shows that, as prices move down from that point, the drawdown also moves in conjunction with price. The horizontal line that goes through the lower part of the drawdown plot is at -10%. You can't read the dates at the bottom, but it took almost six months before the prices recovered to point B and then moved above the level they had reached at point A. This is an example of drawdown that had a magnitude of -17%, shown by the lowest point reached on the drawdown line in the bottom plot. The drawdown also lasted (duration) almost six months, as shown by the time between line A and line B.Figure 11.5 shows the percentage of drawdown over the entire history of the Dow Industrials since 1885. The top portion is the Dow Industrials, plotted using semi-log scaling, and the bottom plot is the drawdown percentage. The darker horizontal line through the bottom plot is the mean or average of the drawdown over the full time period since 1885. Its value is -22.1%. The other horizontal lines are shown at zero (top line), -20%, -35%, -50%, and -65%, I think the thing that stands out from this chart is that the period from 1929 through 1954 suffered an enormous drawdown, not only in magnitude but also in duration. The low was on June 28, 1932 at -88.67%. The equivalent return to get back to even from that point was a gain of more than 783%. That is why it took almost 25 years to accomplish.Because the Depression-era drawdown distorts the other drawdowns, Figure 11.6 shows exactly the same data since about 1954, eliminating the scaling effect from the -88% Depression-era drawdown. The drawdown in 2008 clearly stands out as the biggest in modern times at -53.78% on March 9, 2009. As of this writing (in 2013), that drawdown has yet to recover. It[…]

NVDA is Holding Strong: It's Time to Think About Accumulating this Stock

Apr 11, 2024 | 12:54 pm

Sometimes, it helps to look at a stock like NVDA to get a pulse of the market.NVDA's stock price is up over 85% in 2024. It's a leader in the AI ecosystem and the most talked-about stock. So what does the future hold for NVDA in terms of its stock price and the company at large? How much will competition from Alphabet, Inc. (GOOGL) and other AI chipmakers impact the stock's price? A Deep Dive Into NVDA's Stock PriceSome investors may have feared rising competition for NVDA from competitors such as Alphabet (GOOGL), Intel (INTC), and other AI chipmakers. This led some investors to rush to sell the stock. As a result, NVDA's stock price entered correction territory, which attracted investors to buy the dip.Let's examine the NVDA's stock price chart closely to identify potential entry points or ways to invest.If you look at a five-year weekly chart of NVDA stock below, it's clear that the stock price has been rising from June 2019 until November 2021. For the most part, NVDA's stock price remained above its 20-week simple moving average (SMA). When NVDA broke below this SMA, it found support at its 50-week SMA. Yet when the stock price broke below the 50-week SMA on April 11, 2022, the stock price corrected. It was in correction territory for about six months.CHART 1. WEEKLY CHART OF NVDA STOCK. With a high StockCharts Technical Rank (SCTR) ranking and relative strength vs. the S&P 500, NVDA is a strong stock. It's trending up and went through a minor correction.Chart source: StockChartsACP. For educational purposes.After NVDA stock broke above the downward-sloping trending (dashed blue lines) in November 2022, it moved sideways for a couple of months. After the stock price broke above the 50-week SMA on January 23, 2023, the uptrend resumed, and the stock continued higher, notching new all-time highs.Looking at NVDA's stock price now, it's far from its 20-week SMA. The stock has a StockCharts Technical Rank (SCTR) score of 98.2 (upper panel), which suggests that NVDA is still strong. NVDA's relative strength compared to the S&P 500 ($SPX) is above 950% (lower chart panel). There's no sign of weakness in NVDA.Turning to the daily chart, NVDA stock hit a resistance level on March 25, 2024 (the previous high of March 8, 2024) and has moved lower since then. The stock price was trading within a downward-sloping channel (dashed black lines) and below its 20-day SMA. But it has broken above the downward sloping trending channel and is just above its 20-day SMA. The stock price bounced off the support of the retracement from its March high (lower horizontal line). Its next resistance is the high of March 25, 2024. If the stock price breaks above this resistance level, NVDA's stock price could continue a bullish rally of hitting new all-time highs.CHART 2. DAILY CHART OF NVDA STOCK. After hitting resistance, NVDA pulled back, with the price declining within a narrow downward-sloping price channel. The stock has now broken out of the channel and is trading slightly above its 20-day SMA.Chart source: StockChartsACP. For educational purposes.NVDA's stock price is strong even when the broader market may show slight signs of corrective behavior. So, despite hotter-than-expected CPI data and the possibility of fewer than three interest rate cuts in 2024, investors are still optimistic about the stock market.Getting a Piece of NVDALooking at the underlying strength of the macroeconomic environment and assuming earnings season goes well, the stock market may continue its bullish trajectory. The stock could move sideways for a while before resuming its bullish trend. It all depends on investor sentiment. Another scenario that could play out is that NVDA could go through a correction similar to the one that started in April 2023. That would mean NVDA's stock price would have to break below its 20-week SMA, now at around $686—a long way from where the stock is trading. It would take a lot for the stock to drop that low.Since anything can happen in the stock market, it's best to be prepared for any scenario. Either way, a pullback would be an excellent opportunity to buy the stock. NVDA's stock price is around $900 per share, which could be costly, especially if you want to buy a substantial number of shares.A couple of exchange-traded funds (ETFs) with significant NVDA exposure are the VanEck Semiconductor ETF (SMH) and the Grizzle Growth ETF (DARP). Another way to invest is in mutual funds with substantial exposure to NVDA. Fidelity Growth Company (FDGRX), Dunham Focused Large Cap Growth (DNFGX), and Baron Fifth Avenue Growth Retail (BFTHX) are a few to consider.Think of what exposure to a stock like NVDA would do to your portfolio!Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Master Market Entry with This RSI Strategy!

Apr 11, 2024 | 12:43 pm

On this week's edition of Stock Talk with Joe Rabil, Joe explains how to use the RSI along with the MACD and ADX indicators. RSI is used as a timing tool when things are lined up. Joe goes through some of the key elements he looks for when identifying what he calls a "home run fat pitch." Joe then covers stock requests for Uber, Nvidia, and PayPal.This video was originally published on April 11, 2024. Click this link to watch on StockCharts TV.Archived episodes of the show are available at this link. Send symbol requests to This email address is being protected from spambots. You need JavaScript enabled to view it.; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

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