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10% Downside Risk For Stocks as Value Takes The Lead

Apr 24, 2024 | 16:20 pm

Value taking the lead from growthThe weekly RRG above shows the rotation for Growth vs Value stocks. The benchmark is the DJ US index. The recent rotation clearly shows the rotation out of growth into value, taking shape and picking up steam. For now, Growth is still positioned on the right-hand side of the RRG, but the $DJUSGR tail is rapidly heading toward the lagging quadrant at a negative RRG-Heading.The daily version of this RRG underscores the preference for Value stocks.The $DJUSVA tail dropped into the weakening quadrant after a rotation through leading since mid-March and sharply hooked back up after one day inside the lagging quadrant and is now returning into the leading quadrant, supporting a further strengthening for the Value tail on the weekly time-frame.$SPX usually tracks the Growth/Value ratio pretty goodPlotting the Growth/Value ratio on top of the price chart for $SPX shows that they have tracked each other quite well over time. This is a monthly chart, so we're discussing long-term trends here.The main takeaway here is that the S&P usually does well when the growth/value ratio goes up and less well when the ratio moves lower.With the RRG currently showing a strong preference for Value stocks, caution is warranted as this might be the precursor for a further decline in the S&P 500 itself.The preference for value over growth shows up across all size segmentsWhen we break down the Growth and Value segments into their respective size buckets, we get the RRG above. This shows that value beats growth across all size segments. Large-, Mid-, and Small-cap Value tails are all inside the improving quadrant and moving at a positive RRG-Heading.The growth tails are slightly more divided, but all three are on a negative RRG-Heading, with large-cap growth showing the fastest deterioration. Mid-Cap is the most stable, with its short tail just inside the weakening quadrant. While small-cap growth stocks have rolled over inside the leading quadrant and are starting to head lower on both scales.All in all, this underscores the need for caution regarding price developments for the S&P 500 in the coming weeks.5%-10% downside risk within long-term uptrendOn the weekly chart, SPY found support at the level of the former rising resistance line at around 494. More important support is found at the level of the January-2022 peak at 480, and in case that breaks, the area around 460 will provide another solid support area. With the current longer-term trend of higher highs and higher lows still firmly in place, we have to conclude that the uptrend is still in play.But at the same time, we have to realize that within that uptrend, a 5-10% decline is perfectly possible.The more detailed daily chart of SPY shows that the decline from the recent peak at 524 back to the low near 495, which is one move lower on the weekly chart, is already showing lower highs and lower lows, which means that rallies now have to be seen as up-ticks within a downtrend until this structure changes again.The green-shaded areas represent the support levels mentioned on the weekly chart. New buying opportunities within the long-term uptrend should start to arise in these ranges.Rotation into defensive sectors confirms risk-offFinally, the daily RRG for defensive sectors shows a rapid rotation into Health care, Consumer Staples, and Utilities in the last two weeks of trading, which confirms the need for caution in the coming weeks.#StayAlert, --Julius

Cidara Therapeutics shares surge 30% after reacquiring flu treatment

Apr 24, 2024 | 16:19 pm

Shares of Cidara Therapeutics rose sharply after the company announced a reshuffling of its portfolio of drug candidates.

Acrivon Therapeutics’ shares climb 14% on plans to present cancer-test data

Apr 24, 2024 | 16:16 pm

Shares of Acrivon Therapeutics advanced in post-market trading after the biopharmaceutical company said it would present clinical trial data in connection with a biomarker test for ovarian and endometrial cancers.

Three Sectors are Showing Strength, Three are Not

Apr 24, 2024 | 15:52 pm

In this edition of StockCharts TV's The Final Bar, Dave welcomes Ryan Redfern, ChFC CMT of Shadowridge Asset Management. David highlights companies reporting earnings this week, including TSLA, V, ENPH, STLD, STX, ODLF, and GD. Ryan shares key levels to watch on the S&P 500, along with a breakdown of three sectors showing strength plus three sectors suggesting more weakness ahead.This video originally premiered on April 24, 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.

Ford keeps EV losses in check, stock rises 3%

Apr 24, 2024 | 15:32 pm

Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations.

Blackstone to acquire Tropical Smoothie Cafe restaurant chain

Apr 24, 2024 | 14:40 pm

Blackstone said it is acquiring acquire Tropical Smoothie Cafe, an Atlanta-based franchiser with over 1,400 locations in 44 states, from Leichtman Capital Partners.

What's Really Driving Tesla's Surprising Stock Surge?

Apr 24, 2024 | 14:12 pm

Tesla's (TSLA) first-quarter earnings reported after Tuesday's market close was lackluster, bordering on disastrous. Yet the stock jumped 16% Wednesday morning, ripping open a wide breakaway gap from the previous day's close. What happened? Well, Elon Musk framed the dismal numbers with a compelling narrative that elevated its underperformance into a story about future growth. But does the story have enough fundamental fuel to break above the FOMO?From Sinking Ship to SkyrocketHere's a brief account of what happened on Tuesday: TSLA's revenue in the quarter fell by 9%, its vehicle production and deliveries were also down 2% and 9%, respectively, its operating income and adjusted EPS plunged by 56% and 47%, and its operating cash flow cratered by 90%.These figures alone would have tanked TSLA's stock price. So, what happened? Musk got TSLA prices flying with two sentences that essentially said the company is expediting the building of cheaper EVs based on the current models. Cheaper Tesla EVs mean a surge in demand and, by extension, growth.TSLA Stock: A Macro LookClick here for a live chart. In the weekly chart of TSLA below, the stock has been trading lower since peaking in October 2021 (even considering its attempt at recovery in early 2003). TSLA's stock price is close to its 2023 low.CHART 1. WEEKLY CHART OF TSLA. Despite the recovery attempt in early 2023, the longer-term trend has been down since 2021.Chart source: StockCharts.com. For educational purposes.Currently, TSLA holds one of the worst StockCharts Technical Rank (SCTR) scores at 2.2, a few steps from zero. While the leading EV maker's performance was in sync with its industry ($DJUSAU), it badly underperformed the S&P 500 by more than -45%.Flying High on FOMO?Click here for a live chart.Now, take a look at the near-term price action in the daily chart of TSLA (see below). The stock exhibited a sudden burst of escape velocity to the upside after hitting a 52-week low.CHART 2. DAILY CHART OF TSLA. Breakaway gaps are bullish, TSLA's narrative is also bullish, but the rest of the technicals are iffy.Chart source: StockCharts.com. For educational purposes.Breakaway gaps toward the upside are characterized by a powerful shift driven by intense sentiment. They rarely get filled right away.TSLA's 16% post-earnings gap is a strong bullish gesture, but notice the strong rejection in the current candle. This indicates, if anything, that the volume driving the gap may not be enough to give it a follow-through in the coming sessions (it's a wait-and-see moment). While the Money Flow Index (MFI) and Chaikin Money Flow (CMF) (the latter dipping back below the zero line) show an ever-so-slight divergence which might be interpreted as bullish, any surge from this point on will face a few technical headwinds above.TSLA is trading below its 50-day simple moving average, but if it crosses above it, note the critical resistance areas at the $180 and $205 range.Bullish or Bearish?One day's surge, no matter how impressive, doesn't define a trend. Likewise, a strong twist in the fundamental narrative doesn't mark a change in the story. As far as price targets are concerned, a survey of 30 analysts shows a wide range from a shocking $23 on the low end, a median target of $185, and a high range upwards of $310 to cap it off.Right now, everything is riding on the promises of production. As seasoned traders know, holding out for confirmation is usually the smart play. The technical indicators map out key short-term and long-term levels, giving you a clearer view of the battleground where all this drama will play out.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.

Social Security’s COLA formula could change under new proposal — and mean higher benefits for seniors

Apr 24, 2024 | 14:06 pm

Using a different index to measure Social Security’s cost-of-living adjustment could better reflect senior spending

Transportation stocks sink, with industry ETF booking biggest drop since October

Apr 24, 2024 | 13:57 pm

Transportation stocks were punished Wednesday, with sharp drops weighing on an exchange-traded fund whose top holdings include airlines, railroads and a trucking company.

How AI and EVs are boosting demand for copper

Apr 24, 2024 | 13:51 pm

Copper prices have outperformed both gold and silver this year, as traders bet on growing, long-term needs for the industrial metal in artificial intelligence and electric vehicles.

Retail investors pulled back dramatically on stock purchases in April, adding to market’s woes

Apr 24, 2024 | 13:44 pm

Retail investors went on a tax-season buyers strike that helped exacerbate the stock-market selloff in early April, according to data from Vanda Research.

IBM’s stock drops as company plans to buy HashiCorp in $6.4 billion deal

Apr 24, 2024 | 13:44 pm

International Business Machines Corp. came up a hair short with its revenue for the latest quarter, while announcing its intent to acquire infrastructure-automation company HashiCorp Inc. in a $6.4 billion deal.

Copper’s record as a stock market and economic predictor is tarnished

Apr 24, 2024 | 13:42 pm

‘Dr. Copper’ is practicing without a license.

META Earnings: Key quarterly highlights from Meta’s Q1 2024 financial results

Apr 24, 2024 | 13:12 pm

Meta Platforms, Inc. (NASDAQ: META) reported its first quarter 2024 earnings results today. Revenue increased 27% year-over-year to $36.4 billion. Net income more than doubled to $12.4 billion, or $4.71 […] The post META Earnings: Key quarterly highlights from Meta’s Q1 2024 financial results first appeared on AlphaStreet.

IBM reports Q1 results. Here’s everything you need to know

Apr 24, 2024 | 13:11 pm

International Business Machines Corporation (NYSE: IBM) Wednesday announced operating results for the first quarter of 2024, reporting higher revenues and adjusted earnings. Total revenues were $14.46 billion in the first […] The post IBM reports Q1 results. Here’s everything you need to know first appeared on AlphaStreet.

Domino’s Pizza to report Q1 earnings next week. Here’s what to expect

Apr 24, 2024 | 12:01 pm

Fast food giant Domino’s Pizza, Inc. (NYSE: DPZ) is preparing to release operating results for the first three months of fiscal 2024. The world’s largest pizza chain ended the last […] The post Domino’s Pizza to report Q1 earnings next week. Here’s what to expect first appeared on AlphaStreet.

Pinpoint the Next Buying Opportunity in SPY

Apr 24, 2024 | 11:26 am

On this week's edition of Stock Talk with Joe Rabil, Joe uses the MACD to analyze SPY and shares what to look for to find the next buy point. Joe then analyzes stocks including ADBE, XOM, and CRM.This video was originally published on April 24, 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.

Main takeaways from Hasbro’s (HAS) Q1 2024 earnings report

Apr 24, 2024 | 10:34 am

Shares of Hasbro, Inc. (NASDAQ: HAS) soared 11% on Wednesday after the company delivered better-than-expected earnings results for the first quarter of 2024. Although revenue declined year-over-year, it managed to […] The post Main takeaways from Hasbro’s (HAS) Q1 2024 earnings report first appeared on AlphaStreet.

Tesla jumps 10% as Musk's promise of 'more affordable' cars eases growth fears

Apr 24, 2024 | 09:52 am

Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. The newly minted plans also helped Wall Street shrug off the company's weak first-quarter results, including a lower-than-expected profit and the first drop in quarterly revenue in nearly four years.

ET Market Watch: Sensex and Nifty close higher, financials and metal stocks shine

Apr 24, 2024 | 09:50 am

Nifty Next 50 Index derivates debut on NSE. Over 1,200 futures contracts traded on first day

Apr 24, 2024 | 09:42 am

A release by the NSE claimed that the new derivatives contract received a positive response from market participants with more than 375 trading members from across the country participating in the index derivatives. The trading members involved in execution of the initial trade include East India Securities Limited, and Samco Securities Limited.

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

Apr 24, 2024 | 09:40 am

Information technology giant International Business Machines Corporation (NYSE: IBM) is scheduled to report first-quarter 2024 results today after the bell. Listen to IBM’s earnings call live and check the real-time […] The post IBM Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

Lodha Q4 Results: Net profit jumps 21% YoY to Rs 670 crore; co reports best-ever quarterly, annual presales

Apr 24, 2024 | 09:34 am

The developer recently raised $400 million or over Rs 3,300 crore from investors including Invesco Oppenheimer, Blackrock, Carmignac, APG and HDFC Life through a qualified institutional placement (QIP) issue. This was the fourth equity raise by Lodha in the last 36 months totalling Rs 13,000 crores of capital including its initial public offer (IPO) in April 2021.

Syngene Q4 Results: Net profit rises 6% to Rs 189 crore, revenue drops 8%

Apr 24, 2024 | 09:26 am

The earnings before interest, tax, depreciation and ammortisation dropped 1% YoY to Rs. 333 crore in Q4FY24. The EBITDA margin rose 300 basis points YoY to 36%.

Here’s how I’d aim for a ton of passive income from £20k in an ISA

Apr 24, 2024 | 09:23 am

To get the best passive income from an ISA, I think we need to balance risk with the potential rewards. Here's one way to go about it. The post Here’s how I’d aim for a ton of passive income from £20k in an ISA appeared first on The Motley Fool UK.

IHCL Q4 Results: Profit jumps 29% YoY to Rs 438 crore

Apr 24, 2024 | 09:20 am

The hotel chain has commenced a five-year capital deployment plan from financial year 2023 to 2027 totalling Rs 3,500 crore towards key asset upgradation and building capabilities. It will also introduce the re-imagined Gateway, a full-service hotel offering in the upscale segment.

Meta Platforms Q1 Earnings: Stay tuned for the live earnings call and real-time transcript

Apr 24, 2024 | 09:18 am

Meta Platforms, Inc. (NASDAQ: META) will report its first quarter 2024 earnings results today after market close. Meta has guided for total revenue to range between $34.5-37.0 billion in Q1 […] The post Meta Platforms Q1 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

Ahead of Market: 10 things that will decide D-Street action on Thursday

Apr 24, 2024 | 08:40 am

The benchmark NSE Nifty50 and the S&P BSE Sensex indexes each settled about 0.2% higher at 22,402 and 73,853, respectively. Nifty on Wednesday ended 34 points higher to form a Doji candle on the daily chart which indicates indecisiveness prevailing in the marketplace at the current juncture.

Hilton Q1 Results: Revenue rose 12% to $2.57 billion; co lifts profit forcast

Apr 24, 2024 | 08:34 am

Hilton Worldwide Holdings beat Wall Street estimates for first-quarter revenue and raised its 2024 profit forecast on Wednesday, banking on rebounding international and group travel and its expanding hotel portfolio to boost results.

Bunge Q1 Results: Profit falls on weaker agribusiness results, shares drop

Apr 24, 2024 | 08:30 am

Agricultural commodities trader Bunge Global reported a smaller-than-expected decline in first-quarter profit on Wednesday as good oilseed processing results in Europe and Asia blunted the impact of weaker grain trading margins.

High-Yield Texas Instruments Could Hit New Highs Soon

Apr 24, 2024 | 08:27 am

Texas Instruments struggled in Q1, but details indicate a trough in the cycle and a return to growth ahead. Analysts are raising their price targets.

Market Trading Guide: BHEL, Petronet LNG among 5 stock recommendations for Thursday

Apr 24, 2024 | 08:12 am

The S&P BSE Sensex closed 0.16% higher at 73,852, while the NSE Nifty50 index ended above the 22,400 level.

Pagaya Technologies: An AI Fintech That Insiders Are Buying

Apr 24, 2024 | 08:12 am

Pagaya Technologies is an AI-powered fintech that insiders are buying. Purchases align with a bottom in the market and may lead to a price rebound.

Nestlé India Q5 Preview: PAT growth seen at 17% YoY, revenue likely to jump 7%

Apr 24, 2024 | 08:10 am

On the revenue front, the company will likely report growth of 7.2% for the reporting quarter at Rs 5,174 crore. Sharekhan's revenue estimates remain highest in the pack at Rs 5,236 crore for the reporting quarter while HDFC Securities' Rs 5,090 crore remains the lowest.

Q4 Results: How AU SFB, DCB Bank and Equitas SFB performed in March quarter

Apr 24, 2024 | 08:06 am

Banking companies, AU Small Finance Bank, Equitas Small Finance Bank and DCB Bank on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends.

2 FTSE 100 stocks I’d buy as the blue-chip index hits record highs

Apr 24, 2024 | 08:05 am

This Fool takes a look at a pair of quality FTSE 100 stocks that appear well-positioned for future gains, despite the Footsie's recent surge. The post 2 FTSE 100 stocks I’d buy as the blue-chip index hits record highs appeared first on The Motley Fool UK.

NSE launches derivatives on Nifty Next 50 Index; here are key things to know

Apr 24, 2024 | 07:51 am

Nifty Next 50 or NIFTYNXT50 comprises 50 companies from the Nifty 100, excluding Nifty 50 firms.

SAMHI Hotels, 2 more stocks set to sizzle this summer with up to 36% likely upside, says Kotak Equities

Apr 24, 2024 | 07:49 am

SAMHI Hotels, SAMHI Hotels share price, Kotak Equities, Chalet Hotels stock target, Indian Hotels stock target

Here’s why AIM stock Filtronic is up 44% today

Apr 24, 2024 | 07:44 am

The share price of AIM stock Filtronic has surged on the back of some big news in relation to its partnership with Elon Musk’s space company SpaceX. The post Here’s why AIM stock Filtronic is up 44% today appeared first on The Motley Fool UK.

Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost

Apr 24, 2024 | 07:40 am

Rising oil prices could make alternative energy stocks like NextEra the next best thing for investors to buy, secular trends in A.I. and Florida help valuations

Indian Hotels Q4 Results: Cons PAT jumps 27% YoY to Rs 418 crore

Apr 24, 2024 | 07:40 am

The revenue from operations stood at Rs 1,951 crore for the reported quarter, higher by 18% from Rs 1,625 crore posted in Q4FY23. On a quarter-on-quarter (QoQ) basis, it was down by 3% over Rs 1,964 crore reported in the October-December quarter.

Motilal Oswal effects leadership changes for AMC biz, elevates Prateek Agrawal as MD and CEO

Apr 24, 2024 | 07:35 am

Motilal Oswal AMC has a turnaround in performance with 90% of the total schemes outperforming their respective benchmarks. This has led to an improvement in assets under management (AUM) to Rs 71,810 crore in March 2024 from Rs 45,712 crore in March 2023.

Exide Industries, Vodafone Idea among 4 stocks with top long unwinding

Apr 24, 2024 | 07:27 am

In Wednesday's trading session, four stocks witnessed a top long unwinding.

Equitas Small Finance Bank Q4 Results: PAT jumps 9% YoY to Rs 208 crore

Apr 24, 2024 | 07:24 am

The bank's gross advances rose 23% year-on-year to Rs 34,337 crore. Its asset quality improved with the gross non-performing assets ratio falling to 2.61% at the end of March from 2.76% a year back. Provision coverage ratio stood at 56%.

Making losses in options trading? Zerodha co-founder Nithin Kamath shares a pro tip

Apr 24, 2024 | 07:21 am

A key advantage of these strategies is the limitation of losses. Regardless of market fluctuations or extreme events, such as circuit breakers or geopolitical turmoil, losses are capped at a predetermined amount.

Weak pricing drags Dalmia Bharat even as sales volume jump

Apr 24, 2024 | 07:02 am

Dalmia Bharat saw its operating profit made of each tonne of cement sold fall by more than a fifth in the March quarter as weak pricing overshadowed the volume growth clocked in by the cement-maker.

MAT Earnings: A snapshot of Mattel’s Q1 2024 financial results

Apr 24, 2024 | 06:54 am

Toy maker Mattel, Inc. (NASDAQ: MAT) has reported lower sales and a narrower net loss for the first quarter of 2024. Total billings declined by 1% during the quarter. The […] The post MAT Earnings: A snapshot of Mattel’s Q1 2024 financial results first appeared on AlphaStreet.

US stocks slip as higher yields offset upbeat corporate earnings

Apr 24, 2024 | 06:37 am

Some megacap stocks declined, weighing on indexes. Meta Platforms, Amazon.com and Nvidia were down between 1.6% and 1.7%. Yield on the 10-year Treasury note rose and was last at 4.6541%.

Canadian pension fund looks to trim stake in Delhivery via $110 million block deal: Report

Apr 24, 2024 | 06:33 am

According to exchange data, CPPIB currently holds 5.96% stake in the firm, which is also backed by the likes of Nexus Ventures, Steadview Capital, Softbank, and Fedex.

AU Small Finance Bank Q4 Results: Profit falls 13% YoY to Rs 371 crore

Apr 24, 2024 | 06:23 am

The bank has taken a one-time pre-tax exceptional impact of Rs 77 crore in the fourth quarter towards Fincare merger-related expenses including stamp duty. The bank’s board has recommended a dividend of Re 1 per equity share of face value of Rs 10 for FY24.

Tech View: Nifty forms Doji candle ahead of monthly expiry. What traders should do on Thursday

Apr 24, 2024 | 06:14 am

Going ahead, 22,500 level remains a significant resistance on the monthly expiry day, but a sustained trade above 22,500-22,550 could trigger further upward movement, potentially driven by contract adjustments.

Technical Breakout Stocks: Data Patterns and Finolex Industries could give 11-18% return in short term

Apr 24, 2024 | 06:08 am

Finolex shares have given a Cup & Handle breakout on the monthly charts and can be bought at above Rs 275 by aggressive traders for a target of Rs 325, and a stop loss can be placed below Rs 229.

GE Aerospace is Ready for Liftoff After Strong Earnings

Apr 24, 2024 | 06:07 am

GE stock is up sharply after a double beat; the company will be known as GE Aerospace going forward, and a bullish outlook may raise analysts' price targets

BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues

Apr 24, 2024 | 06:05 am

Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to […] The post BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues first appeared on AlphaStreet.

ITC Hotels Demerger: ITC to hold meeting of ordinary shareholders on June 6 to approve scheme

Apr 24, 2024 | 06:02 am

The move comes following an order by the National Company Law Tribunal (NCLT) to convene a meeting of the ordinary shareholders of the company.

The Bottom is in For Tesla: Read This Before Buying the Bounce

Apr 24, 2024 | 05:45 am

Tesla had a tough quarter with deliveries and revenue down, a peak in TTM growth, and rising costs cutting into the cash pile.

Boeing Q1 Results: Revenue declines 8%, first in 7 qtrs as deliveries decline

Apr 24, 2024 | 05:32 am

Boeing on Wednesday reported an 8% decline in quarterly revenue to $16.57 billion, the first drop in seven quarters, as the U.S. planemaker slows production of its strongest-selling jets following a January mid-air blowout.

Tesla jumps 10% in premarket as Musk's promise of 'more affordable' cars eases growth fears

Apr 24, 2024 | 05:32 am

Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister.

CPCL Q4 Results: Profit falls 39% YoY to Rs 628 crore

Apr 24, 2024 | 05:25 am

Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), on Wednesday reported 39 per cent drop in March quarter net profit on lower prices and foreign exchange loss.

Invesco India, CEO, others pay Rs 5 cr to settle regulatory violation case with Sebi

Apr 24, 2024 | 05:21 am

Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore.

Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights

Apr 24, 2024 | 05:06 am

Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per […] The post Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

BA Earnings: Highlights of Boeing’s Q1 2024 financial results

Apr 24, 2024 | 04:51 am

The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss, […] The post BA Earnings: Highlights of Boeing’s Q1 2024 financial results first appeared on AlphaStreet.

At a record high, there can still be bargain FTSE 100 shares to buy!

Apr 24, 2024 | 04:46 am

The FTSE 100 closed at a new all-time high this week. Our writer explains why there might still be bargain shares in the index. The post At a record high, there can still be bargain FTSE 100 shares to buy! appeared first on The Motley Fool UK.

3 Technologies to Challenge NAND Flash Dominance in AI

Apr 24, 2024 | 04:19 am

Artificial intelligence (AI) applications and platforms are growing like weeds. The arms race for AI superiority continues to be waged between the chip makers

Is Zoom Video Stock Getting Too Cheap to Pass Up?

Apr 24, 2024 | 04:06 am

Zoom Video Communications Inc. (NASDAQ: ZM) shares hit a new 52-week low despite improvements indicating normalization may be near completion in its business

After profits plunge 28%, should investors consider buying Lloyds shares?

Apr 24, 2024 | 04:02 am

Lloyds has seen its shares wobble following the release of its latest results. But is this a chance for investors to consider buying? The post After profits plunge 28%, should investors consider buying Lloyds shares? appeared first on The Motley Fool UK.

Something’s changed in a good way for Reckitt in Q1, and the share price may be about to take off

Apr 24, 2024 | 03:55 am

With the Reckitt share price near 4,475p, is this a no-brainer stock? This long-time Fool takes a closer look at the first-quarter results! The post Something’s changed in a good way for Reckitt in Q1, and the share price may be about to take off appeared first on The Motley Fool UK.

T Earnings: All you need to know about AT&T’s Q1 2024 earnings results

Apr 24, 2024 | 03:49 am

AT&T Inc. (NYSE: T) reported its first quarter 2024 earnings results today. Revenues dipped slightly to $30 billion from $30.1 billion in the year-ago quarter. Net income attributable to common […] The post T Earnings: All you need to know about AT&T’s Q1 2024 earnings results first appeared on AlphaStreet.

This new boost in assets might just get the abrdn share price moving again

Apr 24, 2024 | 03:41 am

The abrdn share price has lost half its value in the past five years. But with investor confidence returning, are we at a turning point? The post This new boost in assets might just get the abrdn share price moving again appeared first on The Motley Fool UK.

As revenues rise 8%, is the Croda International share price set to bounce back?

Apr 24, 2024 | 03:27 am

The latest update from Croda International indicates that sales are starting to recover from the end of 2023, so is the share price also set for a rebound? The post As revenues rise 8%, is the Croda International share price set to bounce back? appeared first on The Motley Fool UK.

Packaging Corporation of America: Buy The Dip

Apr 24, 2024 | 03:25 am

Packaging Corporation of America fell into the buy zone after tepid guidance led the market to reset expectations and align with analysts' sentiment

Duolingo Speaks the Language of Growth for Investors

Apr 24, 2024 | 03:20 am

Duolingo reported strong first quarter earnings and upbeat guidance, which is likely to translate into a bullish reversal for DUOL stock

United Parcel Service Is Setting Up for Another Fall

Apr 24, 2024 | 03:15 am

United Parcel Service struggled in Q1 and isn't guiding for much better later in the year, setting the stock up for a fall that could set new lows

Crane Stock's Quarter On-Track For a Bullish Year?

Apr 24, 2024 | 03:10 am

Crane stock's first quarter earnings showed investors why this stock earned Wall Street's love; it's valued over competitors with bullish price action

Users Refuse to Give Up On Spotify, So Does Wall Street

Apr 24, 2024 | 03:05 am

Spotify earnings showed investors that it's current premium valuation is more than justified, double-digit upside and EPS growth lies ahead for the name

Q1 results boost the Bunzl share price: investors should consider the stock for stability

Apr 24, 2024 | 02:30 am

As the Bunzl share price edges higher, our writer considers whether this so-called boring FTSE 100 stock looks like a buy to him. The post Q1 results boost the Bunzl share price: investors should consider the stock for stability appeared first on The Motley Fool UK.

The top 5 investment trusts to buy in a resurgent UK stock market?

Apr 24, 2024 | 02:15 am

These were the five most popular investment trusts at Hargreaves Lansdown in April. And they're not the ones I'd have expected. The post The top 5 investment trusts to buy in a resurgent UK stock market? appeared first on The Motley Fool UK.

Buy the Dip or Sell the Rip?

Apr 23, 2024 | 16:28 pm

In this edition of StockCharts TV's The Final Bar, Dave welcomes Bret Kenwell of eToro. Bret shares the levels he's watching for AAPL and AMD, speaks to this week's bounce higher, and points out why Energy still shows long-term strength. David breaks down earnings names and stocks on the move, including META, TSLA, and more.This video originally premiered on April 23, 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.

V Earnings: All you need to know about Visa’s Q2 2024 earnings results

Apr 23, 2024 | 13:12 pm

Visa (NYSE: V) reported its second quarter 2024 earnings results today. Net revenue increased 10% year-over-year to $8.8 billion. GAAP net income grew 10% to $4.7 billion and EPS rose […] The post V Earnings: All you need to know about Visa’s Q2 2024 earnings results first appeared on AlphaStreet.

Tesla (TSLA) reports lower Q1 revenue and earnings; results miss estimates

Apr 23, 2024 | 13:11 pm

Electric vehicle giant Tesla Inc. (NASDAQ: TSLA) Tuesday reported lower revenues and earnings, on an adjusted basis, for the first quarter of 2024. The Austin-based carmaker said its first-quarter revenues […] The post Tesla (TSLA) reports lower Q1 revenue and earnings; results miss estimates first appeared on AlphaStreet.

Key takeaways from PepsiCo’s Q1 2024 earnings report

Apr 23, 2024 | 11:48 am

Shares of PepsiCo, Inc. (NASDAQ: PEP) were down over 2% on Tuesday, despite the company delivering better-than-expected results for the first quarter of 2024. The top and bottom line numbers […] The post Key takeaways from PepsiCo’s Q1 2024 earnings report first appeared on AlphaStreet.

SP 500 surges 1% as corporate earnings season begins; GIFT Nifty up

Apr 23, 2024 | 10:26 am

Markets across the globe edge higher as global tensions ease. US markets surge on a strong earnings season.

ICICI Prudential Life Insurance to focus on growing absolute VNB amid slump in FY24

Apr 23, 2024 | 10:06 am

In its Q4FY24 results, the company#39;s VNB fell 19.45 percent to Rs 2,227 crore for FY24

Visa Q2 Earnings: Stay tuned for the live earnings call and real-time transcript

Apr 23, 2024 | 09:49 am

Visa (NYSE: V) will report its second quarter 2024 earnings results today after market close. Analysts are predicting earnings of $2.29 per share on revenue of $8 billion. This compares […] The post Visa Q2 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

Trade setup for Wednesday: 15 things to know before opening bell

Apr 23, 2024 | 09:13 am

Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.

Trade setup for Wednesday: 15 things to know before opening bell

Apr 23, 2024 | 09:13 am

Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.

Bulk deals: Societe Generale, Marshall Wace active in Bandhan Bank, BoB and Manappuram Finance

Apr 23, 2024 | 08:53 am

In other trades, Foregin investor Ardisia sold stake in Ujjivan Financial Services

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

Apr 23, 2024 | 08:31 am

Tesla Inc. (NASDAQ: TSLA) will be publishing first-quarter 2024 earnings today at 4:05 pm ET. Last year, the electric car maker strengthened its foothold in the market, with the Cybertruck […] The post Tesla Q1 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

Infographic: Highlights of Halliburton’s (HAL) Q1 2024 earnings results

Apr 23, 2024 | 08:01 am

Energy giant Halliburton Company (NYSE: HAL) Tuesday announced financial results for the first quarter of 2024, reporting lower earnings and a modest increase in revenues. First-quarter revenue edged up 2% […] The post Infographic: Highlights of Halliburton’s (HAL) Q1 2024 earnings results first appeared on AlphaStreet.

IIHMR University launches certificate course on digital healthcare

Apr 23, 2024 | 07:59 am

The objective behind launching this course is to develop healthcare professionals with an understanding of digital health innovations

IIHMR University launches certificate course on digital healthcare

Apr 23, 2024 | 07:59 am

The objective behind launching this course is to develop healthcare professionals with an understanding of digital health innovations

JBLU Earnings: JetBlue Q1 2024 net loss widens on lower revenues

Apr 23, 2024 | 07:29 am

JetBlue Airways Corporation (NASDAQ: JBLU) on Tuesday announced financial results for the first quarter of 2024, reporting a decline in revenues and a wider net loss. The company reported a […] The post JBLU Earnings: JetBlue Q1 2024 net loss widens on lower revenues first appeared on AlphaStreet.

Infographic: Key metrics from Kimberly-Clark’s (KMB) Q1 2024 earnings results

Apr 23, 2024 | 07:28 am

Kimberly-Clark Corporation (NYSE: KMB) reported its first quarter 2024 earnings results today. Net sales of $5.1 billion were down 1% year-over-year. Organic sales grew 6%. Net income attributable to Kimberly-Clark […] The post Infographic: Key metrics from Kimberly-Clark’s (KMB) Q1 2024 earnings results first appeared on AlphaStreet.

Charles Schwab Fortifies its Uptrend on EPS Beat

Apr 23, 2024 | 07:15 am

Retail financial services giant The Charles Schwab Co. (NYSE: SCHW) reported its first-quarter 2024 earnings in the wake of the market sell-off.

Lockheed Martin Stock Aims for a Fresh All-Time High

Apr 23, 2024 | 06:59 am

Lockheed Martin is a solid dividend-paying stock with a relatively high 2.75% yield, and it is growing, outperforming consensus estimates.

Lok Sabha Polls 2024: Ramayanâs Dipika Chikhlia aka Mata Sita campaigns for BJP#39;s Arun Govil in Meerut along with âLaxmanâ Sunil Lahri

Apr 23, 2024 | 06:57 am

Dipik Chikhlia campaigns for Arun Govil in Meerut; As the countdown to the Meerut polls ticks away, BJP candidate Arun Govil received a nostalgic boost as he campaigned alongside his onscreen counterpart from the iconic TV series #39;Ramayan#39;.

Beyond the Halving: The Future of Bitcoin Mining Stocks

Apr 23, 2024 | 06:50 am

The Bitcoin halving event presents challenges and opportunities for mining companies, necessitating adaptation and innovation to thrive in the evolving sector.

Puravankara to redevelop residential housing society in Mumbai#39;s Pali Hil

Apr 23, 2024 | 06:45 am

The project has a cumulative estimated development potential of 4.10 lakh sq ft carpet, with over ~2.15 lakh square feet available for sale.

Infographic: How Spotify (SPOT) performed in Q1 2024

Apr 23, 2024 | 06:43 am

Spotify Technology S.A. (NYSE: SPOT) reported first quarter 2024 earnings results today. Total revenue increased 20% year-over-year to EUR3.63 billion. Net income attributable to owners of the parent was EUR197 […] The post Infographic: How Spotify (SPOT) performed in Q1 2024 first appeared on AlphaStreet.

Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend of Rs 70 per share

Apr 23, 2024 | 06:21 am

The net profit was down 4.6 percent quarter-on-quarter compared to the October to December period of FY24 and 2.32 percent against the March quarter of FY23

SME Action: Emmforce Autotech IPO booked 20.21 times on day 1, Faalcon Concepts closes with 68x subscription

Apr 23, 2024 | 06:16 am

Emmforce Autotech IPO: All categories of investors participated in the issue, buying 7.94 crore equity shares against IPO size of 39.33 lakh shares, subscription data available with the BSE showed.

Extreme Networks Snags an Upgrade on Inventory Normalization

Apr 23, 2024 | 06:02 am

Extreme Networks Inc. (NASDAQ: EXTR) is a cloud-driven networking solutions provider that serves three seemingly “recession-proof” industries: government

SRK reacts to Mohanlal dancing to his song; the Malayalam superstar invites King Khan over breakfast: #39;Why not groove to some Zinda Banda?#39;

Apr 23, 2024 | 06:02 am

Malayalam megastar Mohanlal stole the spotlight at a recent award show with his electrifying dance performances, including grooving to #39;Zinda Banda#39; from the film #39;Jawan#39;. SRK took to social media to share the video, dubbing him the #39;OG Zinda Banda.#39;

ICICI Pru Life Q4 net profit falls 26% to Rs 174 cr, insurer announces dividend

Apr 23, 2024 | 05:56 am

Net premium income rose to Rs 14,788 crore

Put Some PEP in Your Income Portfolio With PepsiCo Stock

Apr 23, 2024 | 05:55 am

Discover how consumer staples and Dividend Kings like PepsiCo (NASDAQ: PEP) can add substantial value to your portfolio.

UPS Earnings: United Parcel Service Q1 2024 revenue and earnings fall

Apr 23, 2024 | 05:46 am

United Parcel Service, Inc. (NYSE: UPS) Tuesday reported lower revenues and adjusted profit for the first quarter of 2024. The company reaffirmed its full-year 2024 guidance. On an adjusted basis, […] The post UPS Earnings: United Parcel Service Q1 2024 revenue and earnings fall first appeared on AlphaStreet.

Cyient DLM#39;s profit after tax in FY24 surges 93%

Apr 23, 2024 | 05:26 am

For the full year, the company#39;s revenue stood at Rs 1,192 crore, which was 43.2 percent higher compared to the same period of the past financial year

Sherwin-William’s Win Over PPG Stock in The Construction Boom

Apr 23, 2024 | 04:33 am

The coming U.S. construction boom could help a set of stocks aiding the wave, Sherwin-Williams is set up to be the winner in this race, so do analysts think

Technical View: 22,500 crucial for further upside in Nifty, India VIX at 9-month low

Apr 23, 2024 | 04:17 am

The monthly options data suggested that the Nifty may face hurdle at 22,400-22,500 levels on the higher side, with crucial support at 22,000 level.

Zscaler’s Potential Upside Continues to Explode

Apr 23, 2024 | 04:05 am

With Zscaler’s RSI in the low 20s, indicating extremely oversold conditions, are we looking at the mother of all entry opportunities?

3 A.I. Stocks to Watch Out For Not Named NVIDIA

Apr 23, 2024 | 04:00 am

Three stocks come to steal the technology and artificial intelligence spotlight from Nvidia. Strong fundamentals and discounts give investor access to upside

2 Stocks to Benefit From New Sanctions on Russian Aluminum

Apr 23, 2024 | 03:20 am

The U.S. and U.K. have issued two new sanctions on Russian-origin metals; here are two aluminum stocks that stand to benefit

IMAX: How It’s Still Cashing In on the Movie Business

Apr 23, 2024 | 03:10 am

IMAX stock is worth a look as the company swings back to profitability, expands its global reach and moves its technology into non-traditional venues

Analysts Agree, This Could Be Tyson Stock’s Comeback Year

Apr 23, 2024 | 03:05 am

Tyson's comeback is in the making, all the fundamental factors suggest the stock could rally by double-digit rates, leaving its closest competitor in the dust

Week Ahead: Mild Technical Pullbacks Likely; NIFTY Remains Prone to Selling Pressure at Higher Levels

Apr 22, 2024 | 16:57 pm

In the truncated week, the markets looked largely corrective, as the key indices lost ground during the week. In the previous technical note, it was mentioned that, on the one hand, no runaway moves should be expected, and on the other hand, the support for Nifty exists much below at 20-week MA. The markets ended up trading precisely on the expected lines. Not only they did not move higher, but also ended up testing the mentioned support level. The trading range got wider as the Nifty oscillated in a 649.80-point range during the truncated week. The volatility spiked; IndiaVix surged by 16.69% to 13.46. The headline index Nifty closed the week with a net weekly loss of 372.40 points (-1.65%).From a technical perspective, the markets have dragged their resistance points lower. While the high point of 22775 has become an intermediate top for the Nifty, the immediate resistance has been dragged lower to 22427, which is the high of the previous week. On the other hand, the 20-week MA, which is placed at 21921 can be considered immediate support on a closing basis. The 100-DMA also falls in the close vicinity; it currently stands at 21729. Over the coming days, we can largely expect the Nifty to remain in a broad trading range, with 22450-22500 working as strong resistance points.The coming week will likely see a stable start with the levels of 22450 and 22700 acting as potential resistance points. The supports come in at 22000 and 21780.The weekly RSI is at 61.78; it has marked a new 14-period low which is bearish. It, however, stays neutral and does not show any divergence against the price. The weekly MACD is bearish and trading below its signal line.The pattern analysis of the weekly chart shows that the last phase of the upmove on Nifty had come with a strong bearish divergence of the RSI against the price. While the Index moved higher formed higher highs, the RSI was seen forming lower tops, which led to the emergence of the bearish divergence.All in all, the coming week may see some continued technical pullback; however, at the same time, the markets continue to remain prone to face selling pressure at a higher level. It is also likely that, apart from short-covering led bounces in the markets, we will continue to see a risk-off sentiment. This could lead to defensive pockets like IT, Pharma, FMCG, etc., trying and display a better relative strength. Overall, it is strongly recommended that one curtail leveraged exposures. While staying extremely selective, a highly cautious approach 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 that the Consumption Index has rolled inside the leading quadrant. The Nifty Auto and Metal sectors are firmly placed inside the leading quadrant. Besides this, the Pharma and PSU Bank indices are also placed inside the leading quadrant, but they are giving up sharply on their relative momentum. These groups are likely to relatively outperform the broader markets.The Nifty Infrastructure and Commodities have rolled inside the weakening quadrant. The Nifty Energy, Midcap 100, PSE, and Realty Indices are also inside the weakening quadrant.The Nifty IT and Media groups continue to languish inside the lagging quadrant. The Nifty FMCG index is also inside the lagging quadrant but it is seen improving on its relative momentum.The Nifty Services Sector Index has rolled inside the improving quadrant. The Financial Services Sector Index and Banknifty are also inside the improving quadrant and may see improving relative strength over the coming days.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 Analystwww.EquityResearch.asia | www.ChartWizard.ae

Weak Charts Keep Getting Weaker

Apr 22, 2024 | 16:53 pm

In this edition of StockCharts TV's The Final Bar, Dave examines names making moves in the market like Tesla (TSLA), Verizon (VZ), and Nucor (NUE). Explore the world of equity benchmarks and learn how large caps, mid caps, and small caps can offer unique opportunities based on sector rotation and thematic plays. Don't miss out on the chance to enhance your understanding of market dynamics.This video originally premiered on April 22, 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: Find Shorts Using the Diamond Dog Scan

Apr 22, 2024 | 10:51 am

Today Erin shared her Diamond Dog Scan that she uses to find shorting opportunities. She was able to uncover five possible shorts. She discusses each chart and let's you know what she looks for in a good short.Carl did the market overview with special attention paid to Silver and Gold as well as Gold Miners. He covered current DecisionPoint signals and walked us through the Magnificent Seven stocks.Semiconductors were a favorite among the symbol requests that Erin analyzed at the end of the program.01:13 DecisionPoint Signal Tables03:44 Market Overview with Carl13:02 Magnificent Seven17:45 Sector Analysis23:12 Diamond Dog Scan35:39 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

It’s Time to Buy Into the Super Micro Computer Stock Implosion

Apr 22, 2024 | 09:33 am

Super Micro Computers sell-off is a knee-jerk reaction to non-news that has the market set up for a rapid rebound provided a good earnings report.

Equities Struggle in Strong "NoGo" as Materials try to Curb the Damage

Apr 22, 2024 | 09:11 am

Good morning and welcome to this week's Flight Path. The equity "Go" trend is over. We saw a pink "NoGo" bar following an amber "Go Fish" bar of uncertainty and then that was followed by strong purple bars as the week continued. Treasury bond prices remained in a strong "NoGo" trend as we saw an entire week of uninterrupted "NoGo" strong purple bars. Commodity prices hung on through a period of weakness to paint a strong blue bar at the end of the week. The dollar showed strength all week as GoNoGo Trend. colored all of the bars a strong blue "Go".Equities Roll Over into "NoGo"Last week we noted the weakness we had seen in the "Go" trend. The last high triggered a Go Countertrend Correction Icon (red arrow) that indicated prices may struggle to go higher in the short term. Prices moved mostly sideways or away from the high since then and this past week saw the technical environment change. First, an amber "Go Fish" bar reminded us that there was uncertainty in the current trend, and that quickly gave way to a pink "NoGo" bar. Without looking back, the latter part of the week saw strong purple "NoGo" bars as price moved progressively lower.Last week's paler aqua "Go" bar brought with it a Go Countertrend Correction Icon (red arrow). This week we see price falling further from the most recent high as GoNoGo Trend paints a second weaker aqua bar. We look to the oscillator panel and see that it is fast approaching the zero line. That will be the next important test of this "Go" trend. As price continues to fall, we will want to see support found by the oscillator at zero. If it finds it, we will expect price to set a new higher low and can look for signs of trend continuation. If the oscillator fails to find support at the zero line, we could well see a deeper correction and possible trend change in the price panel.Rates in Strong "Go" TrendWe saw a week of strong blue "Go" bars in treasury rates. After hitting a high in the beginning of the week the chart triggered a Go Countertrend Correction Icon (red arrow) and we know that it will be hard for price to rise higher in the short term. GoNoGo Oscillator is in positive territory but no longer overbought. After some consolidation at these levels we will look to see if the trend can continue.Dollar Takes a Pause at New HighsAfter last week's gap higher, we saw price consolidate at these new higher levels. GoNoGo Trend painted a full week of strong blue bars and we will look at the top of that gap for potential support going forward. GoNoGo Oscillator remains overbought at a value of 5 and volume is heavy. We will watch to see if momentum wanes, giving us a Go Countertrend Correction Icon on the chart and leading to further price consolidation.The longer term chart shows clearly where long term support should now be found. Last week's strong price action pushed price above horizontal resistance that we see on the chart from prior highs. There is some likelihood that price takes a breath soon as momentum is overbought. As it moves back into neutral territory and potentially toward the zero line we will look for price support at the horizontal level and for oscillator support at the zero line.

Merger or Not, Albertson’s Companies is a Good Buy

Apr 22, 2024 | 07:38 am

Albertsons Companies is a value for investors and it pays a higher yield than competitor Kroger. A merger is in the works but shareholders win either way.

3 Cheap Stocks That Shouldn’t Be So

Apr 22, 2024 | 06:32 am

Three stocks could become buy targets around fears that interest rate cuts won't come, these businesses bet that cuts could actually be around the corner.

Tesla Stock Analysis: Insights and Future Projections

Apr 22, 2024 | 06:25 am

Explore the in-depth 2024 Tesla stock analysis, featuring insights, latest trends, and projections. Get an understanding to inform investment decisions.

CarMax: Is There a Silver Lining to the Earnings Car Wreck?

Apr 22, 2024 | 05:55 am

CarMax Inc. (NYSE: CMX) is a nationwide used car dealership focused on providing a haggle-free, streamlined and convenient vehicle buying and selling

High-Yielding Verizon’s Stock Price Reversal is Imminent

Apr 22, 2024 | 05:45 am

Verizon is a high-yielding value that may not be a value much longer. The Q1 results align with slow, steady growth and capital returns.

3 Value Stocks Buffett Wishes He Could Buy

Apr 22, 2024 | 05:35 am

Three stocks stand out as would-be Buffett names, if it weren't for their smaller sizes. Still proposing decent upside and high profits, they make bargain names

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

Apr 20, 2024 | 07:54 am

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[…]

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//////////////////////////////////////////////////

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.

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.

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

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.

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

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.

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