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‘He’s quit talking to me’: My father, 83, suffers from hoarding disorder and dementia. How can I help him and protect his estate?

Apr 20, 2024 | 05:32 am

“I want to do what’s right and ethical as his child.”

Tech layoffs still in spotlight after Apple and Take-Two cuts. But how does 2024 compare to 2023?

Apr 20, 2024 | 05:21 am

The tech sector layoffs that characterized 2023 have continued into 2024 with a number of big-name companies announcing cuts.

How much stock exposure is enough for retirees? These 10 target-date funds offer clues

Apr 20, 2024 | 05:13 am

Funds pegged to retirement in 2020 still kept a meaningful allocation to the stock market.

Rents have finally stopped skyrocketing. They’re now stuck at a price most Americans can’t afford.

Apr 20, 2024 | 04:59 am

Renters should ‘brace themselves for a prolonged affordability crisis until incomes increase,’ housing economist says

‘We’ve had our ups and downs’: My late in-laws left their estate to me, my husband and our son. Do we need to hire an attorney?

Apr 20, 2024 | 04:58 am

“None of us want to buy the other out.”

‘I was mentally and emotionally drained’: During my divorce, I made a hasty decision to take early retirement. Can I undo this?

Apr 20, 2024 | 04:55 am

“I was married to my ex-husband for 13 years. He left me for another woman. I was forced to sell our home.”

This timeline charts oil prices reacting to Israel-Iran attacks so far. What comes next?

Apr 20, 2024 | 04:45 am

A volley of attacks between Israel and Iran isn’t rattling oil markets. Is crude priced for peace?

This chart shows why the stock-market rally should broaden out later this year

Apr 20, 2024 | 04:40 am

The earnings-growth differential between the largest S&P 500 companies and the rest is expected to shrink later in 2024.

Can you afford to be a bridesmaid or go to that destination wedding?

Apr 20, 2024 | 04:33 am

Should you go? How to handle the financial load of attending weddings.

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

Apr 20, 2024 | 04:21 am

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

NSE IX gets SEC class relief; permits US clients to trade on equity index option contract

Apr 20, 2024 | 04:19 am

NSE International Exchange (NSE IX) has received US Securities Exchange Commission (SEC) class relief, allowing US clients to participate in trading Equity Index Option Contracts on the bourse, according to a statement.

Nirmal Bang initiates coverage on 2 housing finance stocks with upside potential of up to 30%

Apr 20, 2024 | 04:07 am

Nirmal Bang initiates coverage on HFFC and Aavas Financiers, foreseeing growth opportunities. HFFC has 30.5% upside, Aavas 14%. AHFCs positioned for growth despite challenges. India's housing market shows potential for affordable housing finance sector.

MarketBeat Week in Review – 4/15 - 4/19

Apr 20, 2024 | 04:00 am

The markets continued to move lower ahead of a big earnings week as analysts adjust valuations on the outlook for interest rates and geopolitical concerns

£3,000 in savings? Here’s how I’d use that to start earning a monthly passive income

Apr 20, 2024 | 03:53 am

Our writer digs into the details of how spending a few thousand pounds on dividend shares now could help him set up long-term passive income streams. The post £3,000 in savings? Here’s how I’d use that to start earning a monthly passive income appeared first on The Motley Fool UK.

Premier Energies files draft papers for IPO with fresh issue component of Rs 1,500 crore

Apr 20, 2024 | 03:50 am

Premier Energies IPO | The IPO consists of a fresh issuance of equity shares worth Rs 1,500 crore by the company, and an offer-for-sale (OFS) of 2.82 crore equity shares by the existing shareholders.

HDFC Bank Q4 results: Key highlights from the earnings report

Apr 20, 2024 | 03:27 am

Total deposits of the lender stood at Rs 23.79 lakh crore, compared to advances of Rs 25.07 lakh crore during the quarter ended March 31, 2024.

Getting Perspective and Dealing with Volatility

Apr 20, 2024 | 03:19 am

The S&P 500 is down 5.5% this month and volatility is rearing its ugly head. This is a good time to get some perspective by putting the move into context. My goal is to see the forest, as opposed to a few trees. First, we need to know if we are in a long-term uptrend or long-term downtrend. Once we know this answer, we can answer the second question. Is the current decline a primary or secondary move? Let's start with the long-term trend.The chart below shows the S&P 500 with the 5-day SMA (green) and 200-day SMA (red). First, note that the index hit a new all time high in March. For those keeping score at home, this is less than a month ago! SPX is also well above the rising 200-day SMA and the 5-day SMA is 7.5% above the 200-day. These items suggest we are in a long-term uptrend. The indicator window shows Percent Above MA (5,200) with signal lines at +3% and -3%. This indicator shows the percentage difference between the two moving averages. First, I am smoothing the close with a 5-day SMA. This smoothing significantly reduces the number of whipsaws, but there are still quite a few since 2022 (see the yellow ovals on the price chart). For the signal filter, I am requiring the 5-day SMA to be 3% or more above/below the 200-day SMA for a signal. As the indicator shows, Percent Above MA turns green when the 5-day crosses above the 200-day and red when it crosses below. There were at least 17 crosses since late 2018. Applying the signal filter reduced the number of crosses to just six (red and green arrows). These thresholds filter out noise and short-term volatility. Note that this strategy turned bullish in early February 2023 and remains bullish. Percent Above MA is one of 11 indicators in the TIP Indicator Edge Plugin for StockCharts ACP. Charles Dow notes that there are three types of price movements: primary, secondary and daily fluctuations. Based on the chart above, the primary move is up (long-term uptrend). SPY fell sharply in April and the secondary move is down. A secondary decline within a primary uptrend is a correction, and corrections within uptrends are opportunities. Nobody knows how long the correction will last or how far it will extend. Thus, marking future support is largely guesswork. Chartists would be better off focusing on price action and breadth, and looking for signs of improvement to suggest that the correction is ending. TrendInvestorPro will analyze price action, 4-week High-Low Percent, Percent above 50-day and other breadth indicators to monitor this correction and time a reversal. This is part of our ChartTrader reports and videos. Our SystemTrader offering runs Dual Momentum Rotation Strategies for the Nasdaq 100 and S&P 500. After big gains in the first quarter, these moved into drawdown in April. Drawdowns are like corrections in that they provide opportunities. Click here to learn more and get immediate access.Photo by Lukasz Szmigiel on Unsplash//////////////////////////////////////////////////

HDFC Bank declares Rs 19.5 dividend for FY24. Check record date

Apr 20, 2024 | 03:10 am

HDFC Bank declared a Rs 19.50 dividend per equity share for the March quarter. Bank's profit surged 37.1% YoY to Rs 16,512 crore.

HMA Agro Consolidated December 2023 Net Sales at Rs 1,251.72 crore, up 62.89% Y-o-Y

Apr 20, 2024 | 02:30 am

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Here’s what dividend forecasts could do for the BP share price in the next three years

Apr 20, 2024 | 02:30 am

I can understand why the BP share price is low, as oil's increasingly seen as evil. But BP's a cash cow, and it still pays good dividends. The post Here’s what dividend forecasts could do for the BP share price in the next three years appeared first on The Motley Fool UK.

HDFC Bank Q4 Results: Profit jumps 37% YoY to Rs 16,512 crore, NII up 24.5%

Apr 20, 2024 | 02:21 am

HDFC Bank Q4 Results: HDFC Bank's profit rose 37.1% YoY to Rs 16,512 crore, with NII growing by 24.5% to Rs 29,077 crore. The bank declared a dividend of Rs 19.5 per share for FY24 and reported an improved GNPA at 1.24%.

HDFC Bank Q4 Results: Net profit rises to Rs 16,511 crore, NII at Rs 29,007 crore

Apr 20, 2024 | 02:14 am

Net profit is in line with analyst estimates of Rs 16,576 crore. The bank#39;s board proposed a dividend of Rs 19.5 per share for the year.

Not just stocks, FPIs turn net sellers in debt market after a year. What's the stress?

Apr 20, 2024 | 01:36 am

Higher US Treasury yields and the rupee slipping to record lows have led to some position unwinding by foreign investors, who have sold nearly $1.3 billion of government bonds in April.

This FTSE 100 Dividend Aristocrat is on sale now

Apr 20, 2024 | 01:31 am

Stephen Wright thinks Croda International’s impressive dividend record means it could be the best FTSE 100 stock to add to his portfolio right now. The post This FTSE 100 Dividend Aristocrat is on sale now appeared first on The Motley Fool UK.

Broader indices underperform, but 38 smallcap stocks deliver double digit returns

Apr 20, 2024 | 00:37 am

Support for the Nifty is seen at 22,000 and 21,700-800 levels. On the higher side, the immediate resistance for the Nifty is at 22,150-175 levels, followed by 22,300-350. Overall, the coming week should set up the market for a large trending move.

James Montier’s tips to navigate behavioural bias for investment success

Apr 20, 2024 | 00:30 am

According to ace investor James Montier, many investors tend to believe that behavioural biases only affect others, leading them to overlook their own blind spot bias.

3 shares I’d buy for passive income if I was retiring early

Apr 20, 2024 | 00:24 am

Roland Head profiles three FTSE 350 dividend shares he’d like to buy for their passive income to support an early retirement. The post 3 shares I’d buy for passive income if I was retiring early appeared first on The Motley Fool UK.

Here’s how many Aviva shares I’d need for £1,000 a year in passive income

Apr 20, 2024 | 00:10 am

Our writer has been buying shares of this FTSE 100 insurer, but how many would he need to aim for £1,000 in annual dividends? The post Here’s how many Aviva shares I’d need for £1,000 a year in passive income appeared first on The Motley Fool UK.

Infosys among 5 companies that announced dividends this week

Apr 20, 2024 | 00:05 am

With the Q4 earnings season picking up pace, the companies are also rewarding their shareholders with dividends for the financial year 2024.

ONGC, Indraprastha Gas among 5 stocks that may gain from rising crude oil prices

Apr 20, 2024 | 00:00 am

As crude oil prices are rising, some stocks will benefit from it.

Mutual funds just reduced holding in these 10 PSU stocks. Are these in your portfolio?

Apr 19, 2024 | 23:49 pm

In March 2024, mutual funds' active schemes reduced their exposure to public sector undertakings (PSUs) slightly.

1 incredible growth stock I can’t find on the FTSE 100

Apr 19, 2024 | 23:30 pm

The FTSE 100 offers us a lot of interesting investment opportunities, but there's not much in the way of traditional growth stocks. The post 1 incredible growth stock I can’t find on the FTSE 100 appeared first on The Motley Fool UK.

With an £8K lump sum, I could create an annual second income worth £5,347

Apr 19, 2024 | 23:01 pm

This Fool explains how a second income is achievable by using a lump sum, investing in stocks, and the magic of compounding. The post With an £8K lump sum, I could create an annual second income worth £5,347 appeared first on The Motley Fool UK.

Here’s what dividend forecasts could do for the BT share price in the next 3 years

Apr 19, 2024 | 23:00 pm

With the BT share price down so low, the dividend looks very nice indeed. The company's debt is off-putting, though. But that dividend... The post Here’s what dividend forecasts could do for the BT share price in the next 3 years appeared first on The Motley Fool UK.

28% revenue growth per year and down over 20% in price! Should I invest in this niche FTSE 250 company?

Apr 19, 2024 | 22:30 pm

Oliver says this FTSE 250 company has done an excellent job bringing auctioning into the modern world. Will he invest in it? The post 28% revenue growth per year and down over 20% in price! Should I invest in this niche FTSE 250 company? appeared first on The Motley Fool UK.

After gaining over 200% in 12 months, what’s next for Nvidia stock?

Apr 19, 2024 | 22:30 pm

Oliver thinks Nvidia stock could be as enduring an investment as Amazon. Even given the valuation risks, he says he wants to own a piece. The post After gaining over 200% in 12 months, what’s next for Nvidia stock? appeared first on The Motley Fool UK.

Market falls 1.5% amid geopolitical tension; rupee hits record low

Apr 19, 2024 | 21:57 pm

The Indian rupee touched record low 83.57 during the week and ended marginally lower at 83.47 on April 19 against its April 12 closing 83.42.

HDFC Bank Q4 Results LIVE Updates: India's biggest private lender posts Rs 16,512 crore PAT; dividend of Rs 19.5/share announced

Apr 19, 2024 | 21:47 pm

These 10 largecaps have the highest dividend yields. Do you own any?

Apr 19, 2024 | 21:46 pm

Vedanta, IOC, and Tech Mahindra are among the top 10 largecap companies that have offered the highest dividend yield in the last one year.

OIS climb hints at rate hike now, crushes hopes of a cut

Apr 19, 2024 | 21:19 pm

Given the declining trajectory of local inflation - particularly core inflation - it is unlikely that the Reserve Bank of India would turn to rate hikes after maintaining a status quo on rates for more than a year. What the rise in swap rates show more than anything else is heightened risk aversion and the damage done to rate cut expectations by the abrupt ratcheting up of tensions in the Middle East.

Breakdown in Mega-Cap Growth Confirms Bear Phase

Apr 19, 2024 | 21:16 pm

While our major equity benchmarks showed incredible strength in Q1 2024, breadth conditions have been deteriorating since mid-March. Despite the weakening breadth readings, and the initial breakdowns of the S&P 500 and Nasdaq 100, leading growth names, including the formerly-described Magnificent 7 stocks, had remained in clearly-defined uptrends.This week, some of the top-performing stocks in the S&P 500 finally broke below their 50-day moving averages. While this signal on its own is not a sign of a market top, these breakdowns represent just one of the many clear signals that the bull market off the October 2023 low may be over.Today, we'll briefly review some of the early breakdowns in the mega-cap growth space, how some of the top-ranked SCTR stocks have shown recent weakness, and why the "Fantastic Four" (current front-runner to replace the "Magnificent 7 moniker) breaking down may represent a key confirmation for a new bear phase.The Early Breakdowns: Apple (AAPL) & Tesla (TSLA)Tesla has been in a confirmed downtrend since July 2023, and Apple has appeared in a weak technical configuration since failing to break above the $200 level in December and January. But both charts have literally and figuratively made a new low this week.Note how both charts have remained below downward-sloping 50-day moving averages since mid-January. Also observe how both have shown failed attempts to break above that moving average in recent months. When stocks are making lower lows and lower highs, and trending below downward-sloping moving averages, I've learned it's best to avoid taking action until some of those conditions start to change. Ready to talk market breadth indicators? Our next free webinar, Breaking Down Breadth, will focus on breadth conditions now vs. previous market tops. Join me on Tuesday, April 23rd at 1pm ET as we review the current market environment through the lens of breadth indicators, compare them to conditions at previous market tops, and discuss the likelihood of further drawdowns for the S&P 500 and Nasdaq. Sign up HERE for this free webcast!As these stocks broke down, diverging from most other leading growth names, the S&P 500 and Nasdaq 100 pushed much higher. So let's see some of the stocks that served as leadership in Q1.The Top-Ranked SCTRs: Super Micro Computer (SMCI) & MicroStrategy (MSTR)Here, we have two names that were less well-known until they experienced exponential gains earlier this year. And while they certainly appeared overextended in March, they have now both come right down to earth.From the end of 2023 to their peaks in March 2024, SMCI and MSTR gained 350% and 175%, respectively. They both were a far distance from moving average support, giving clear signs of overbought conditions. So far in April, both stocks have traded much lower, and they each finished this week below their 50-day moving averages.It's normal for stocks in strong uptrends to pull back and test moving average support. Indeed, the 50-day moving average often serves as a potential entry point for a "buy on the dips" strategy. But when top performers fail to hold this crucial short-term support level, I have found that it often implies a broader move to more risk-off positioning.What about the best of the biggest--in other words, the most magnificent of the Magnificent 7?The Fantastic Four Breakdowns: Netflix (NFLX) & Amazon (AMZN)That brings us to perhaps the most concerning development this week. As I recently posted on my social media accounts, "As long as $AMZN and $NFLX remain above the 50-day moving average, you can make an argument for ‘short-term pullback' as opposed to ‘protracted and painful decline.'" Unfortunately, this week, we finally observed this breakdown of breakdowns.Mega-cap growth stocks wield an outsized influence on our top-heavy growth-dominated equity benchmarks. In recent weeks, bearish momentum divergences, weakening breadth conditions, and breaks of "line in the sand" support levels had us thinking market weakness over market strength. But the resilience of the Fantastic Four stocks gave us just a glimmer of hope that a pullback may be limited.Given this week's breakdown in the charts of previous top performers, we feel this just may be the beginning of the great bear phase of Q2 2024.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.

Brokerages cut target prices on Infosys after muted guidance

Apr 19, 2024 | 21:09 pm

Brokerages adjust Infosys' share targets post revenue cut. Stock at ₹1,411.95, target post Q4: ₹1,582.12 (12% upside). Analysts note slow discretionary demand despite sector bottoming out, Infosys' attractive valuation.

Tech stocks’ biggest weekly rout since 2022 roils markets

Apr 19, 2024 | 21:06 pm

The S&P 500 index closed down 0.9%, dropping for the sixth straight session and the third straight week, leaving it more than 5% below its March 28 closing high. The Nasdaq 100 declined 2.1%, and recorded the deepest weekly drop since November 2022.

Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow

Apr 19, 2024 | 20:58 pm

Netflix slumped as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts.

Only 39 smallcap stocks rise in double-digits as geopolitical concerns, lofty valuations weigh

Apr 19, 2024 | 20:57 pm

Indian markets faced pressure from Middle East concerns, impacting smallcap stocks' returns. Top gainers included Moschip Technologies, Solara Active Pharma, and Dhani Services.

Street smart bulls refuse to be cowed down amid turmoil in Middle East

Apr 19, 2024 | 20:54 pm

India's stock indices rose post volatile trading due to traders covering bearish bets on Israel-Iran conflict hopes. Rupee strengthened on likely RBI dollar sales, while gold surged. NSE's Nifty closed higher.

Wall St Week Ahead: 'Crowded' megacap trade in US stocks awaits earnings test

Apr 19, 2024 | 20:52 pm

Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year.

Q4 results today: HDFC Bank among 8 companies to announce earnings

Apr 19, 2024 | 20:51 pm

Q4 results today: HDFC Bank to release Q4 numbers today with expectations of strong growth. TCS exceeded estimates, Infosys faced challenges in Q4.

MEM TV: Capitulation Signals for a Market BOTTOM

Apr 19, 2024 | 19:49 pm

In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the negative shift that's evolved over the past week in the market and highlights key signals of capitulation you should be watching for. She then shares the move into Value stocks she's seeing as heavy selling hit well known stocks - Google, Meta and Microsoft.This video originally premiered April 19, 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.

How to Chart In Multiple Timeframes Like A PRO

Apr 19, 2024 | 19:33 pm

On this week's edition of StockCharts TV's StockCharts in Focus, Grayson shows you how to chart the same symbol in multiple timeframes with ease using ChartStyles and StyleButtons. Learn how to customize multiple charts with the periods and ranges that fit with your system and then set those for one-click access with conveniently located StyleButtons just to the left of your charts. This workflow booster will instantly enhance your analysis and strengthen your perspective for the symbols you're researching.This video originally premiered on April 19, 2024. Click on the above image to watch on our dedicated StockCharts in Focus page on StockCharts TV.See how you can save over 35% OFF with our limited-time 25th Anniversary Sale that just launched on StockCharts. Visit https://StockCharts.com/special to learn more and sign up now!You can view all previously recorded episodes of StockCharts in Focus at this link.

2 Options buying strategies for trading at top: Shubham Agarwal

Apr 19, 2024 | 18:48 pm

Shubham Agarwal explains two strategies which can help in trading at the top more efficiently.

Daily Voice: #39;Unless significant breakdown in US economy, 75 bps fed funds rate cut seems improbable in 2024#39;

Apr 19, 2024 | 18:45 pm

While Marcellus Investment Managers broadly remains positive on the market, certain segments of the market, particularly in the small and mid-cap space, may face increasing scrutiny regarding valuations, says Arindam Mandal.

Google scraps minimum wage, benefits rules for suppliers and staffing firms

Apr 19, 2024 | 18:27 pm

The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters.

Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents

Apr 19, 2024 | 18:20 pm

Gold and crude oil prices advanced as market participants kept an uneasy eye on unfolding turmoil in the Middle East.

S&P 500 Approaches 100-Day Moving Average: Is Now an Attractive Time to Buy Stocks?

Apr 19, 2024 | 16:43 pm

What a difference a week makes.Last week, the stock market changed its tune from up, up, up,... to up, down, up, down. That made it feel like investors were uncertain, yet the CBOE Volatility Index ($VIX) wasn't high enough to confirm the fear. This week, the market's singing another tune emphasizing the word "down." This week, the selling pressure was more dominant, especially in the Tech sector. Does this mean the bear is coming out of hibernation?The Macro EnvironmentWe heard comments from two Federal Reserve Presidents, John Williams and Austan Goolsbee, who left open the possibility of a rate hike. Fed Chair Jerome Powell suggested interest rates could remain higher for longer. Next week, we'll get the March PCE data, and, in light of the Fed comments, it could be higher than estimates.We'll also get the Q1 GDP, which will probably reveal the continued strength of the US economy. If the economy continues to be resilient, we may not see a rate cut this year. As of now, the stock market has priced in at least one rate cut in 2024, which is different than the four that were expected earlier in the year.In a "higher for longer" interest rate environment, two events that could have intensified the selling pressure at the end of the week are:Escalating geopolitical tensions in the Middle East, which, for the time being, have tapered.Options expiration day, which means heavy trading volume.Nobody wants to open new positions on a Friday, especially after a volatile trading week. Anything could happen over the weekend, and traders would rather be patient and wait to see if the stock market has further to fall before jumping in.The Broader MarketYou've heard the adage, "Markets take the stairs up and the elevator down." You can see this play out in the charts of the broader indexes.The S&P 500The S&P 500 ($SPX) closed below 5,000, a significant psychological level. On the daily chart, the index broke below its 50-day simple moving average (SMA) and is now approaching its 100-day SMA. The last six days have been an elevator ride down and, the way the chart looks, there could be more selling next week.FIGURE 1. DAILY CHART OF THE S&P 500. Since the S&P 500 fell below its 50-day SMA, it's taken the elevator down. The index is now approaching its 100-day SMA, which could be its next support level. Will it fall below the support?Chart source: StockCharts.com. For educational purposes.On the weekly chart, the S&P 500 is above its 50-week SMA, but has three consecutive down weeks, which doesn't paint a pretty picture. Right now, it looks as if the index has further to fall.The Dow Jones Industrial AverageAfter its most recent selloff, the Dow Jones Industrial Average ($INDU) is trading around a support level (December 2023 high). The daily chart below shows that even though the index closed higher on Friday, it hit resistance from its 100-day SMA.FIGURE 2. DAILY CHART OF DOW JONES INDUSTRIAL AVERAGE ($INDU). After its elevator ride down, $INDU appears to have hit a support level and trying to reverse, which is a positive sign.Chart source: StockCharts.com. For educational purposes.The Nasdaq CompositeThe Technology sector was hit hard this week. NVIDIA (NVDA) fell over 9% on Friday; Tesla (TSLA) shares continued to fall, hitting a new 52-week low; and Advanced Micro Devices (AMD) fell over 5%.Super Micro Computers (SMCI), which has been in the top 5 StockCharts Technical Rank (SCTR) for months, fell over 23%. The selloff was caused by the company's decision not to preannounce its earnings results as it has in the past.Looks like investors were taking their Tech stock profits. As a result of the big Tech selloff, the Nasdaq Composite is trading below its 100-day SMA (see chart below).FIGURE 3. DAILY CHART OF NASDAQ COMPOSITE. After falling below its 100-day SMA, the Nasdaq Composite could slide to its 200-day SMA. The small wick at the bottom is slightly encouraging, but next week is another week.Chart source: StockCharts.com. For educational purposes.Whenever there's a massive selloff, as was the case this week, investors question whether the market has hit a bottom and if it's an ideal time to open long positions. There was a little bit of that on Friday, but every time the market rallied, it met pressure from sellers and the rally fizzled. When technicals still point lower, you may want to adopt a "wait and see" approach before entering long positions.Nobody knows what will happen next week, but tech companies will start reporting earnings, and that could lift the stock market.Some Bright SpotsAfter experiencing a plunge similar to that of the broader indexes, the Financial sector is showing signs of a reversal. The daily chart of the Financial Select Sector SPDR (XLF) below shows a possible reversal, although a series of higher highs and higher lows is needed before an uptrend can be established. XLF would need to break above.FIGURE 4. DAILY CHART OF FINANCIAL SELECT SECTOR SPDR ETF (XLF). Looks like XLF will have to overcome the resistance from its 50-day moving average before its trend reverses.Chart source: StockCharts.com. For educational purposes.Shares of Bank of America (BAC), JP Morgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) all traded higher on Friday. WFC's stock price reached a new all-time high. Precious metals, such as gold and silver, are trading higher. As geopolitical tensions arise, investors turn to these safe-haven investments.It was interesting to see the CBOE Volatility Index ($VIX) hit a high of 21.36, close to the 23 level it hit in October last year. But it pulled back and closed at 18.71. The higher volatility could have been because of options expiration.If you look at the chart of the Nasdaq Composite, you'll see that this coincided with the October selloff in Tech stocks. Will the broader markets follow a similar path, given Tech earnings start next week? We'll have to wait and see.The Bottom LineThis week's stock market action wasn't great, and while it's tempting to find bargains in stocks, it's[…]

Top 10 Stocks to Watch April 2024

Apr 19, 2024 | 14:13 pm

In this edition of StockCharts TV's The Final Bar, Dave and Grayson run through top 10 charts to watch in April 2024! Together they cover breakout strategies, moving average techniques, relative strength, and much more. You don't want to miss these insights into market dynamics and chart patterns that could impact your trading decisions.This video originally premiered on April 19, 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.

Charts Flashing "No Go" for S&P 500!

Apr 19, 2024 | 14:10 pm

In this edition of StockCharts TV's The Final Bar, Dave welcomes guest Tyler Wood, CMT of GoNoGo Charts. Tyler walks through their proprietary momentum model which confirms a bearish rotation for the major equity benchmarks yet a bullish rotation for the commodity space. David walks through key earnings names including LVS, NFLX, and more.This video originally premiered on April 18, 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.

Netflix Gets Island Reversal On Earnings

Apr 19, 2024 | 13:09 pm

Netflix (NFLX) earnings were released today, and the news was good. . . except for one little thing. They also suspiciously announced that, starting next year, they would no longer be reporting subscriber metrics. That's like General Motors saying that they will no longer report how many cars and trucks they made. I admit that some other aspect of the report could be a contributing factor for the crash, but let's look at the technicals.After the gap up in January, price formed a three-month island that drifted higher, but all was not well technically. The falling PMO formed a negative divergence against the rising price. When the PMO falls above the zero line, it is telling us that the strength behind the up move is diminishing.Also, the On-Balance Volume (OBV) went flat to slightly falling. OBV usually tracks price, and when it doesn't, it should attract our attention. In this case, it is suggesting that NFLX is not attracting sufficient volume to justify the rise in price.Conclusion: Gaps don't always result in island reversals. For example, there was a gap up in October, following which a very similar island was formed. However, in January price gapped up from that island instead of reversing. In the case of the latest island, OBV sent up the warning flag.Learn more about DecisionPoint.com:Watch 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

NextTrip stands out as one of the most descriptive names in travel sector: CEO

Apr 19, 2024 | 12:00 pm

NextTrip, Inc. (NASDAQ: NTRP) is a technology-driven travel agency that offers travel booking and interactive travel media solutions. The online platform allows travelers to book accommodation and transportation services including […] The post NextTrip stands out as one of the most descriptive names in travel sector: CEO first appeared on AlphaStreet.

IREDA Q4 PAT up 33% YoY with rise in income

Apr 19, 2024 | 11:29 am

The finance cost of the non-banking financial company rose in tandem with the revenue to ₹847 crore. Loan disbursement in the quarter was ₹12,869.35 crore up around 14% from the corresponding period last year.

After Chamkila fever, watch this documentary film on the Mirasi folk singers of Punjab

Apr 19, 2024 | 11:17 am

A documentary celebrating the history of Punjabâs Muslim women singers of the Mirasi community will be screened in Delhi and online.

What to look for when American Airlines (AAL) reports Q1 2024 earnings results

Apr 19, 2024 | 10:55 am

Shares of American Airlines Group Inc. (NASDAQ: AAL) rose 1% on Friday. The stock has gained over 3% over the past three months. The airline is scheduled to report its first […] The post What to look for when American Airlines (AAL) reports Q1 2024 earnings results first appeared on AlphaStreet.

Wiproâs consulting business Capco sees âgreen shootsâ

Apr 19, 2024 | 10:32 am

Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%

Wiproâs consulting business Capco sees âgreen shootsâ

Apr 19, 2024 | 10:32 am

Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%

Govt open to selling stake in GIC Re, LIC in FY24/25: Source

Apr 19, 2024 | 10:08 am

In FY 2024/25, India may sell a 10% stake in GIC for about Rs 57 billion. LIC plans to offload 10% over 7 years and 25% over 10 years post its successful IPO.

American Express Q1 Results: Profits jump 34%, helped by jump in new customers, higher spending

Apr 19, 2024 | 10:03 am

American Express's Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company's revenue sources expanded, with a focus on attracting high-quality customers despite payment challenges.

META Stock in Limbo: What You Need to Know Before the Next Big Price Swing

Apr 19, 2024 | 09:56 am

Meta Platforms Inc. (META), the social media giant formerly known as Facebook, has been in tight consolidation at the top of its range for a little over a month. Following a 23% rise in February after its Q4 earnings, trading volume for the stock has declined significantly. Market participants are now looking for any catalyst that could guide the stock's movement.Analyst Price Predictions Show Wide VariationIf you're undecided as to whether you're bullish or bearish on Meta, you're not alone, as the blogosphere will show you a wide range of analyst price predictions for the next 12 months. The highest price target is at $610, average consensus is at $489, and the lowest price targets average around $272.Yet, consensus ratings lean from "Buy" to "Strong Buy."What's New with Meta? It's New AI RolloutThe bullish outlook is driven by its new AI app, Meta AI, which aims to boost user engagement across WhatsApp, Instagram, Facebook, and Messenger by providing advanced AI capabilities such as animations and image generation. Supported by partnerships with Alphabet (GOOGL) and Microsoft (MSFT), Meta AI will likely see ad revenue growth, prompting analysts to raise their stock price targets.A Macro Look at MetaCHART 1. WEEKLY CHART OF META. Hovering at record highs, Meta's uptrend appears to be leaning toward the parabolic side of things, prompting investors to wonder whether such a trajectory is sustainable. The 13-week SMA represents one quarter.Chart source: StockCharts.com. For educational purposes.Having gone the distance to bounce off its 2022 lows, Meta began outperforming the S&P 500 just this year, now besting the broader market by 37%.However, before even matching the broader market. Meta's technicals—as shown by its StockCharts Technical Rank (SCTR) score—have been remarkably strong (with a score above the 90-line) since the end of 2022.The 13-week simple moving average, representing one quarter, appears to be a consistent proxy for support and resistance. You will want to watch that line when looking at Meta using a weekly chart.A Near-Term View of Meta's Price ActionAnalyst consensus may be largely bullish, and the Meta AI rollout is prompting Wall Street to raise price targets upward, with some going as high as $610. However, right now, we're seeing a rectangle pattern and, technically, Meta's price can go either direction, at least in the near term (see chart below).CHART 2. DAILY CHART OF META. The momentum, or lack thereof, says a lot. Investors are probably waiting for the META's next earnings report, scheduled for April 24.Chart source: StockCharts.com. For educational purposes.Mind the Rectangle: If you're looking to take action upon a breakout, set a price alert at $481 near the bottom and $531 near the top of the formation.Mind the Momentum: Fundamental forecasts may be bullish, but the Chaikin Money Flow (CMF) will tell you that selling pressure is currently far greater, though there isn't that much activity, bullish or bearish, taking place right now. And why not?Earnings Coming Up: Meta's last earnings report catapulted the stock to record highs. The next earnings date is on April 24. You'll likely see more activity occurring close to Meta's earnings date. So pay close attention to this.Support Levels: If Meta's earnings are so-so but not bad enough to invalidate its longer-term bullish thesis (AI rollout), or if its price breaks below the current rectangle formation and the 50-day simple moving average (causing it to trade technically toward the downside), then note the wide support range projected via the Ichimoku Cloud. If the bullish fundamental thesis holds out, buyers will likely jump in within the cloud.The Bottom LineMeta's long-term prospects look bullish, much of which is being driven by the optimistic expectations surrounding its AI rollout, Meta AI. Still, it seems poised for a correction, though its chart formation indicates it can go either way. Watch out for any catalysts that could influence the stock's trajectory as the next earnings date approaches. And if Meta does take a dip, keep an eye on that cloud, should the bullish fundamental outlook persist.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.

ET Market Watch: Financials lift Sensex 599 points higher despite IT selloff

Apr 19, 2024 | 09:33 am

Sebi mulls framework for price discovery of investment cos trading below book value

Apr 19, 2024 | 09:12 am

Sebi's proposal for a special call-auction mechanism aims to address liquidity issues and improve fair price discovery in Investment Companies and Investment Holding Companies with significant market price-book value gaps.

US markets fall for 6th day in a row, SP 500 down 0.32%; GIFT Nifty up

Apr 19, 2024 | 09:08 am

US Markets continued to trade in the red over Middle East tensions. European markets traded mixed, while Asian markets tumbled. Indian indices and Crude traded higher.

Comprehensive Analysis of PayPal Stock

Apr 19, 2024 | 08:45 am

PayPal stock is now the best choice for investors looking to ride the technology sector catch up, analysts see double-digit upside in strong fundamentals

Wipro ADRs jump 4% despite Q4 PAT decline, softer guidance

Apr 19, 2024 | 08:26 am

Wipro’s revenue from operations in the reporting period declined 4% YoY to Rs 22,208 crore, compared with Rs 23,190 crore in the corresponding period of last year.

Wipro CEO Pallia unveils five focus areas to turn around the company

Apr 19, 2024 | 08:26 am

Pallia said Wipro would first accelerate large deal momentum by working closely with clients and partners, among other 4 measures.

P&G Q3 Results: Co lifts annual profit forecast on strong US consumer demand, easing costs

Apr 19, 2024 | 08:06 am

Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.

Intuitive Surgical Stock Can Trend Much Higher This Year

Apr 19, 2024 | 07:59 am

Intuitive Surgical is the leading medtech. It outpaces industry growth and analysts' expectations. Cash flow is solid and improves shareholder value.

Earnings Summary: Regions Financial Corp. (RF) reports Q1 2024 results

Apr 19, 2024 | 07:43 am

Regions Financial Corp. (NYSE: RF) reported a decline in net income and revenues for the first quarter of 2024. Net interest income decreased by about 16% Net income available to […] The post Earnings Summary: Regions Financial Corp. (RF) reports Q1 2024 results first appeared on AlphaStreet.

HDFC AMC Q4 Results: Cons PAT jumps 44% YoY to Rs 541 crore; co declares Rs 70 dividend

Apr 19, 2024 | 07:33 am

Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.

Wipro Q4 Results: PAT dips 8% YoY to Rs 2,835 cr; revenue guidance pegged at -1.5 to 0.5%

Apr 19, 2024 | 07:07 am

Earnings Summary: Highlights of Fifth Third Bancorp’s (FITB) Q1 2024 report

Apr 19, 2024 | 07:03 am

Financial services company Fifth Third Bancorp (NASDAQ: FITB) on Friday reported results for the first quarter of 2024. There is a decline in net interest income and earnings. Net income […] The post Earnings Summary: Highlights of Fifth Third Bancorp’s (FITB) Q1 2024 report first appeared on AlphaStreet.

Netflix slides 7% as move to end sharing user count sparks growth worries

Apr 19, 2024 | 06:44 am

Netflix added new customers in the first quarter, but its second-quarter revenue forecast missed market expectations of $9.54 billion late on Thursday. It also decided not to report subscriber additions and average revenue per member from the first quarter of 2025.

Earnings Summary: A snapshot of Schlumberger’s Q1 2024 financial results

Apr 19, 2024 | 06:38 am

Energy infrastructure company Schlumberger Limited (NYSE: SLB) on Friday announced financial results for the first quarter of 2024, reporting higher revenues and earnings. Schlumberger’s Q1 revenue came in at $8.71 […] The post Earnings Summary: A snapshot of Schlumberger’s Q1 2024 financial results first appeared on AlphaStreet.

Nasdaq lags peers as Netflix, chip stocks drag; AmEx lifts Dow

Apr 19, 2024 | 06:38 am

Nasdaq and S&P 500 declined due to Netflix's weak forecast. Chicago Fed President mentioned stalled inflation progress. J.P. Morgan's Manoukian noted strong growth. American Express outperformed. Iranian city attack affected markets.

Alibaba Stock Analysis: Insights, Trends, and Future Predictions

Apr 19, 2024 | 06:37 am

Alibaba is still a key E-commerce player, and its financials remain strong in the face of Ray Dalio and Michael Burry, analysts see nearly 100% upside

Salesforce Stock Analysis: Deep Dive into CRM Market Performance

Apr 19, 2024 | 06:30 am

Salesforce.com is the leading player in CRM software services, and its stock is being led higher by capital returns and analysts.

Rocks over Stocks | GoNoGo Show 041824

Apr 19, 2024 | 06:04 am

The S&P500 trend conditions have reversed into "NoGo" and strengthened to purple bars. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds to risk assets. A strong "Go" trend in the volatility index ($VIX), though still hovering around 20 also correlates to the new risk off characteristics on this environment. This week we again take a closer look at GoNoGo Trend® conditions across a diverse array of the commodities markets including precious and industrial metals ($GOLD, $COPPER), softs ($COCOA, $COFFEE) and energy ($OIL) all trending in "Go" conditions and outperforming US equities ($SPY) on a relative basis. To express this thesis, Alex and Tyler look at a few equities that stand to benefit from these trends including: Freeport McMoran (FCX), Harmony Mining Inc (HMY) and Marathon Oil (MRO).The rotation of market leadership into cyclical sectors held up this week as shown in the GoNoGo Sector RelMap®. Energy ($XLE), industrials ($XLI), and materials ($XLB) maintain their trend of outperformance against the S&P 500 index. Interestingly, Communications ($XLC) and Utilities ($XLU) have also joined the leadership group. Alex and Tyler dig deeper into the industry group level within the materials sector (XLB) to see aluminum, non-ferrous metals, and mining groups leading relative outperformance. On an absolute basis, materials have corrected to neutral amber bars as the GoNoGo Oscillator® rests at zero. Finally, Alex and Tyler review a similar risk-off condition in the cryptocurrency space as Bitcoin ($BTCUSD) reverses to "NoGo" trend conditions and what to watch for next in terms of trend continuation and opportunities to enter on pullbacks.Follow: https://twitter.com/ChartsGonogoConnect: https://www.linkedin.com/company/gonogo-charts-llcLearn More: https://www.gonogocharts.com/Rocks over Stocks | GoNoGo Show April 18, 2024

Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Apr 19, 2024 | 05:59 am

With equities in general logging some of their worst weeks of the year so far, many previously high-flying stocks have RSI readings verging on the oversold.

3 Magnificent Seven Stocks Outperforming the Rest

Apr 19, 2024 | 05:48 am

Ahead of upcoming earnings, three Magnificent Seven members have displayed relative strength and resilience amidst the market's selloff.

Buy the Dip in Netflix Stock, It Won’t Last Long

Apr 19, 2024 | 05:32 am

Consumer tech giant Netflix is transitioning from a growth stock to a mature, blue-chip tech stock with a widening margin, cash flow, and capital returns.

Bargain Alert: Gitlab’s Slide Has Created a Temporary 40% Upside

Apr 19, 2024 | 05:30 am

The stock has been trending down since March but what’s interesting is that analysts are only getting more excited about its potential upside.

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Apr 19, 2024 | 05:03 am

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core […] The post PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates first appeared on AlphaStreet.

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

Apr 19, 2024 | 04:10 am

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher […] The post AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results first appeared on AlphaStreet.

Taiwan Semiconductor Earnings: AI Dominance and Future Outlook

Apr 19, 2024 | 04:06 am

TSMC's first quarter earnings report reveals strong growth and a recent quarterly decline, reflecting broader trends within the semiconductor sector.

Equity Markets Struggle to Hold onto "Go" trend as Industrials Try to Lead | Apr 15 2024

Apr 18, 2024 | 16:50 pm

Good morning and welcome to this week's Flight Path. The equity "Go" trend continued this week but we saw some weakness as GoNoGo Trend paints a string of weaker aqua bars to close out the week. We haven't seen a new high in a few weeks and so we will watch this week to see if the "Go" trend can hold. Treasury bond prices maintained the "NoGo" strength that we spotted last week as we saw a string of uninterrupted dark purple bars. The commodity index continued to shows strength this week as blue "Go" bars reigned supreme. The dollar also had a very strong week as it regained bright blue bars and hit new highs.Equities Hanging on by a Thread to "Go" TrendSince the last Go Countertrend Correction Icon (red arrow) have seen price struggle to go higher. Indeed, we have fallen from those highs and started to paint a more weaker aqua bars of late. This is the strongest threat to the "Go" trend we have seen in several months. GoNoGo Oscillator fell to the zero line and it has struggled to regain positive territory. In fact, we have seen it dip into negative territory and even a quick retest of that level. The oscillator was turned away by zero back into negative territory which means that momentum is out of step with the "Go" trend. We will want to see the oscillator regain positive territory if the "Go" trend is to survive.We see a first crack in the armor of the weekly "Go" trend. Another lower close was painted a weaker aqua color by GoNoGo Trend. As GoNoGo Oscillator falls from overbought territory we see a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher in the short term. If we turn our eye to the lower panel we can see that GoNoGo Oscillator is falling sharply. We will watch closely as the oscillator approaches the zero line. We will need to see the oscillator find support at that level as we know that in a healthy "Go" trend the oscillator should stay at or above zero.Rates Set Another Higher HighA week of uninterrupted strong blue "Go" bars sees price set another higher high this week on the daily chart of U.S. treasury rates. We do see a Go Countertrend Correction Icon (red arrow) which indicates price may struggle in the short term to go higher. Perhaps a pause then, as GoNoGo Oscillator turns around and heads for the zero line. As price momentum cools, and price falls from its recent high, we will watch to see if the oscillator finds support as it drops to the zero line.Dollar Soars this Week as Price Jumps to New HighsWhat a bounce for the dollar in the second half of the week. It was no surprise that price pulled back after the Go Countertrend Correction Icon (red arrow) and so as we identified a little trend weakness due to the aqua "Go" bars. It was then important to watch the oscillator panel as it tested the zero line on heavy volume (darker blue oscillator line). Quickly finding support, it rallied back into positive territory and that gave price the push it needed to gap higher twice in 3 days and cement new highs.The longer term chart shows that we have clearly broken above a strong resistance level that has been on the chart since October of 2023. With open skies ahead, and momentum surging in the direction of the "Go" trend we will look for price to consolidate at these levels and potentially move higher. GoNoGo Trend is painting strong blue "Go" bars for a 4th consecutive week.

Intraday Trading Entry and Exit Strategies

Apr 18, 2024 | 13:26 pm

On this week's edition of Stock Talk with Joe Rabil, Joe details a trade setup in the QQQ that demonstrates how he uses MACD and ADX in multiple timeframes for his trading. He gives detail on the entry and exit for this trade. Joe then covers the stock requests that came through this week, including Ethereum, Meta, Apple and Advanced Micro Devices.This video was originally published on April 18, 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.

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Apr 18, 2024 | 13:05 pm

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street’s […] The post Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers first appeared on AlphaStreet.

PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect

Apr 18, 2024 | 12:19 pm

PepsiCo, Inc. (NASDAQ: PEP) is preparing to report first-quarter results on April 23, before the opening bell. Of late, the food and beverage giant has been busy aligning its business […] The post PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect first appeared on AlphaStreet.

Rules-Based Money Management - Part 1: Popular Indicators and Their Uses

Apr 18, 2024 | 12:00 pm

Note to the reader: This is the seventeenth 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! - GregTo begin Part III: Rules-Based Money Management, we need to review a few basic technical indicators that are referenced frequently. Their concepts are used throughout this part of the book. Remember, Part III is the creating of the weight of the evidence to identify trends in the overall market, a ranking and selection process for ﬁnding securities to buy based on their individual and relative momentum, a set of rules and guidelines to provide you with a checklist on how to trade the information, and the results of my rules-based trend following strategy, called Dance with the Trend.Moving Averages and SmoothingMost times, daily stock market data is too volatile to analyze properly. What's needed is a way of removing much of this daily volatility. There is such a method, and that is the subject of this section on smoothing techniques.Smoothing refers to the act of making the time series data smoother to remove oscillations, but keeping the general trend. It is a better adverb to use than always trying to explain that you take a moving average of it or take the exponential average of it; just say you are smoothing it. Some of the advantages of doing this are:Reducing day-to-day fluctuations.Making it easier to identify trends.Making it easier to see changes in trend.Providing initial support and resistance levels.Much better for trend following.One of the simplest market systems created, the moving average, works almost as well as the best of the complicated smoothing techniques. A moving average is exactly the same as a regular average (mean), except that it "moves" because it is continuously updated as new data become available. Each data point in a moving average is given equal weight in the computation; hence, the term arithmetic, or simple, is sometimes used when referring to a moving average.A moving average smooths a sequence of numbers so that the effects of short-term fluctuations are reduced, while those of longer-term fluctuations remain relatively unchanged. Obviously, the time span of the moving average will alter its characteristics.J. M. Hurst, in The Proﬁt Magic of Stock Transaction Timing (1970), explained these alterations with three general rules:A moving average of any given time span exactly reduces the magnitude of the fluctuations of durations equal to that time span to zero.The same moving average also greatly reduces (but does not eliminate) the magnitude of all fluctuations of duration less than the time span of the moving average.All fluctuations that are greater than the time span of the average "come through," or are present in the resulting moving average line. Those with durations just a little greater than the span of the average are greatly reduced in magnitude, but the effect lessens as periodicity duration increases. Very long duration periodicities come through nearly unscathed.Simple or Arithmetic Moving AverageTo take an average of just about any set of numbers or prices, you add up the numbers, then divide by the number of items. For example, if you have 4+6+2, the sum is 12, and the average is 12/3 = 4. A moving average does exactly this, but as a new number is added, the oldest number is removed. In the previous example, let's say that 8 is the new number, so the new sequence would be 6+2+8. The original first number (4) was removed because we are only adding the most recent three numbers. In this case, the new average would be 16/3 = 5.33. So by adding an 8 and removing a 4, we increased the average by 1.33 in this example. For those so inclined, here's the math: 8-4=4, and 4/3 =1.33.Another feature of the simple moving average is that each component is treated equally -- that is, it carries an equal weight in the calculation of the average. This is shown graphically in Figure 12.1. Note that it does not matter how many data points you are averaging; they each carry an equal contribution to the value of the average.Because of the equal weighting of the data components in a simple moving average, the larger the average, the slower it will react to changes in price.Let me share a little story about price charts and moving averages. Back in the 1980s, we had one of the original online services, called Prodigy. At one point, they started to provide some simple stock charts with a single moving average on them. I kept looking at it and knew something was wrong, because I had studied and created these types of charts for years. I finally discovered that they were using separate scales for the price and the price's moving average. Although the values would be correct, the display was not because the average was using its isolated price scale. I wrote (yes, there was no e-mail then) them and explained. The ﬁrst response was denial that they could be doing it wrong. I mailed them some charts showing their way and the proper way to display moving averages over price by sharing the same vertical scale. It took a long time and many letters before I finally convinced someone that they had it wrong. In appreciation, they sent me a small digital clock worth about $1.25 (battery not included).Exponential Moving AverageThis method of averaging was developed by scientists, such as Pete Haurlan, in an attempt to assist and improve the tracking of missile guidance systems. More weight is given to the most[…]

What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results

Apr 18, 2024 | 10:32 am

Shares of Southwest Airlines Co. (NYSE: LUV) were up 2% on Thursday. The stock has dropped 8% over the past one year. The airline is scheduled to report its first […] The post What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results first appeared on AlphaStreet.

Comprehensive PepsiCo Stock Analysis

Apr 18, 2024 | 09:05 am

PepsiCo is a blue-chip dividend payer with growth in the forecast. Growth for its business and growth for capital returns which include share buybacks.

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

Apr 18, 2024 | 08:34 am

Video streaming giant Netflix, Inc. (NASDAQ: NFLX) is scheduled to report first-quarter 2024 financial results today after regular trading hours. Listen to Netflix’s earnings call live and check the real-time […] The post Netflix Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

Earnings Summary: Genuine Parts reports higher Q1 sales and adj. earnings

Apr 18, 2024 | 08:04 am

Genuine Parts Company (NYSE: GPC), a leading automotive replacement parts distributor, Thursday reported financial results for the first quarter of 2024. First-quarter sales came in at $5.8 billion, slightly higher than […] The post Earnings Summary: Genuine Parts reports higher Q1 sales and adj. earnings first appeared on AlphaStreet.

Earnings Summary: Everything you need to know about Snap-on’s Q1 2024 report

Apr 18, 2024 | 07:32 am

Snap-on Incorporated (NYSE: SNA), a leading provider of equipment and service solutions for professional users, reported an increase in profit for the first quarter of 2024 when its sales remained […] The post Earnings Summary: Everything you need to know about Snap-on’s Q1 2024 report first appeared on AlphaStreet.

CSX Co.: The Railroad Powering Ahead with an Earnings Beat

Apr 18, 2024 | 07:20 am

CSX Corporation, a major freight railroad, exceeded analyst expectations with its strong first-quarter 2024 earnings report.

Earnings Summary: A snapshot of DR Horton’s Q2 2024 financial results

Apr 18, 2024 | 07:03 am

Homebuilder D.R. Horton, Inc. (NYSE: DHI) on Thursday reported higher net income and revenues for the second quarter of 2024. The company’s second-quarter net income increased 24% year-over-year to $1.2 billion […] The post Earnings Summary: A snapshot of DR Horton’s Q2 2024 financial results first appeared on AlphaStreet.

3 Steel Stocks Could Soar on New China Tariffs

Apr 18, 2024 | 06:15 am

As the U.S. looks to return to China tariffs, the domestic steel and aluminum manufacturing industry could push these three stocks to soar.

Bear Market Funds to Watch This Year

Apr 18, 2024 | 06:15 am

As investors search for safe havens in volatile markets, bear market funds are gaining popularity as a diversified asset class.

What's Driving Tesla Lower Ahead of its Earnings?

Apr 18, 2024 | 05:45 am

Faced with several challenges and negative sentiment, Tesla has experienced a turbulent 2024 so far, with its stock down close to 40%.

D.R. Horton Stock Has Tailwinds To Drive it Higher

Apr 18, 2024 | 05:30 am

D.R. Horton had a solid quarter, with growth outpacing consensus, and the guidance improved. Cash flow is robust and drives a healthy capital return.

Here are the Pros and Cons of Using Options Put Credit Spreads

Apr 18, 2024 | 05:20 am

In last week’s stock options article, we reviewed the pros and cons of debit spreads. When you believe a stock is going higher but want to limit your downside

INFY Earnings: Highlights of Infosys’ Q4 2024 financial report

Apr 18, 2024 | 05:04 am

Infosys (NYSE: INFY) reported an increase in earnings for the fourth quarter of 2024 when the software giant’s revenues remained broadly unchanged year-over-year. The company also issued guidance for fiscal […] The post INFY Earnings: Highlights of Infosys’ Q4 2024 financial report first appeared on AlphaStreet.

Infographic: How Alaska Air Group (ALK) performed in Q1 2024

Apr 18, 2024 | 04:42 am

Alaska Air Group (NYSE: ALK) reported its first quarter 2024 earnings results today. Total operating revenue increased 2% year-over-year to $2.23 billion. Net loss amounted to $132 million, or $1.05 per […] The post Infographic: How Alaska Air Group (ALK) performed in Q1 2024 first appeared on AlphaStreet.

Can Netflix Stock Continue Into All-Time Highs After Earnings?

Apr 18, 2024 | 04:32 am

Netflix's earnings show the company's fundamentals are stronger than ever, and analyst price targets show double-digit upside ahead.

These are the Top 4 Stocks for Buybacks in 2024

Apr 18, 2024 | 04:00 am

Share repurchases are a powerful force for share prices. Companies that buy back shares help support the market for their stocks and boost investor confidence.

Planet Labs Soars Fueled by AI Data Demand

Apr 18, 2024 | 04:00 am

AI requires oceans of data to train models, and this insatiable demand for data has been driving revenues higher for Planet Labs.

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.

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.

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.

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

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