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Intraday Trading Entry and Exit Strategies

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.

June Fed rate-hike risk looms as U.S. labor market stays strong

The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.

‘He left me for another woman’: I was emotionally and financially drained during my divorce, and took withdrawals from our joint annuity. Can I undo this?

“I made a hasty decision to take early retirement as I was financially broke.”

Here is a one-year CD that now pays 5.36% — thanks to the Federal Reserve

There are safe places to park your money and get a decent return.

Kronox Lab Sciences receives Sebi approval to float IPO

Kronox Lab Sciences IPO | The proposed offer comprises an offer-for-sale (OFS) of 96 lakh equity shares by promoters -- Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.

The lawyer who beat Trump twice stands to make a fortune for doing so

Roberta Kaplan left a career at the pinnacle of corporate law to pursue cases she deemed to have social importance

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

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[…]

Bajaj Auto set to ride into Egypt with its "Qute" platform

But all isn#39;t rosy for the company. Bajaj also flagged that the currency situation in Egypt is bad and can#39;t start pumping out as many units as desired.

3M may be poised to cut its dividend — and break with a 64-year tradition, says analyst

The company is grappling with legal settlements and a slowdown in growth and margins that are making its dividend difficult to sustain.

EVs unlikely to be profitable at unit level, even after PLI: Bajaj Auto

Bajaj Auto says the price reduction to make the EV more affordable is outrunning the cost reduction

1 FTSE dividend stock I’d put 100% of my money into for passive income!

If I could invest in just one stock to generate a regular passive income stream, I'd choose this FTSE 100 Dividend Aristocrat. The post 1 FTSE dividend stock I’d put 100% of my money into for passive income! appeared first on The Motley Fool UK.

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

A short build-up was seen in 100 stocks, including Exide Industries, Indraprastha Gas, Dr Reddy#39;s Laboratories, Titan Company, and Berger Paints.

Tesla shares fall 3% as Deutsche Bank flags risks from focus on Robotaxi

The company shares fell to their lowest in more than a year on Thursday. Its market capitalization is set to fall by more than $17 billion to about $478 billion, if losses hold. Still the company remains the most valuable automaker in the world.

Bajaj#39;s ramp up plan for Bajaj e-autos: One store addition every two days

Bajaj Auto#39;s three wheeler market segment grew to 78 percent in FY24

Domestic industry to grow 7-8% but Bajaj will race ahead faster, says a confident management

The home-grown Pulsar maker also announced that it has now received production linked incentive (PLI) certificates for all five of its electric three wheeler models, and recently for both of its electric two-wheeler Chetak models.

Comprehensive PepsiCo Stock Analysis

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.

Infosys records highest ever yearly TCV at $17.7 bn; posts $4.5 billion in Q4

The record TCV wins were despite a challenging macroeconomic environment and an ongoing slowdown in discretionary spending.

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

Indian indices hit lows. U.S. markets subdued by Treasury yields. European shares gain. MACD signals for Infosys, RIL. Momentum indicators show trends. Just Dial, market breadth significant.

TV18 Broadcast Q4 revenue soars 66% on-year; news segment delivers robust revenue growth

The Entertainment segment also reported impressive results, with operating revenue increasing by about 80 percent from a year ago.

Forecasts are down, but I see a bright future for FTSE 100 dividend stocks

Cash forecasts for UK dividend stocks are falling... time to panic! Actually, no. I reckon the future has never looked better. The post Forecasts are down, but I see a bright future for FTSE 100 dividend stocks appeared first on The Motley Fool UK.

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

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.

ICICI Securities Q4 Results: Cons PAT soars 104% YoY to Rs 536.53 crore; co declares Rs 17/share dividend

ICICI Securities reported a significant increase in net profit to Rs 536.53 crore for Q4FY24, with a rise in revenue and approval of a second interim dividend. Bajaj Auto also showed a 35% YoY increase in PAT.

Infosys ADR slumps 3% on Q4 miss, softer FY25 guidance

"Infosys weak quarterly numbers, lower-than-expected guidance for FY25 and declining headcount reflects continuity in weak, with the only silver lining being strong large deal TCV in Q4 and record $17.7 billion in FY24," said Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas.

Infosys declares Rs 20 final dividend & Rs 8 special dividend

Infosys declared dividends for FY 2024, set AGM and payment dates, introduced Capital Allocation Policy aiming to return 85% free cash flow. Focus on net profit growth and Project Maximus. Shares closed at Rs 1,420.55.

3 Steel Stocks Could Soar on New China Tariffs

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

Down 13% in April, AIM stock YouGov now looks like a top-notch bargain

YouGov is an AIM stock that has fallen into potential bargain territory. Its vast quantity of data sets it up to succeed in the AI revolution. The post Down 13% in April, AIM stock YouGov now looks like a top-notch bargain appeared first on The Motley Fool UK.

Beating the S&P 500? I’d buy this FTSE 250 stock for my Stocks and Shares ISA

Beating the S&P 500's tricky, but Paul Summers is optimistic on this FTSE 250 stock's ability to deliver based on recent trading and solid fundamentals. The post Beating the S&P 500? I’d buy this FTSE 250 stock for my Stocks and Shares ISA appeared first on The Motley Fool UK.

JPMorgan says buy the dip if poll volatility hits stocks

Prime Minister Narendra Modi-led Bharatiya Janata Party is widely expected to win a third term, which will help his administration continue its focus on modernizing infrastructure and boost manufacturing. Indian equities have risen to records this year following a rally driven by robust economic growth.

Tech View: Nifty ends below 50-DEMA. What traders should do on Friday

A series of resistance could be seen from 22,150-22,200, followed by the 20 DEMA at 22,300 zone. The undertone certainly favours the bears now and any rise should be seen as an opportunity to either exit longs or to look for bearish bets in the index.

INFY Earnings: Highlights of Infosys’ Q4 2024 financial report

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.

Stock market update: Nifty Bank index falls 0.87%

The Nifty Bank index closed 0.87 per cent down at 47069.45.

Stock market update: Nifty Auto index falls 0.84%

The Nifty Auto index closed 0.84 per cent down at 21520.75.

Stock market update: FMCG stocks down as market falls

The 30-share BSE Sensex closed down 454.69 points at 72488.99

Infosys Q4 Results: Management on the financial results for the fourth quarter of FY 2023-24 | LIVE

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Apollo Hospital, Titan Company, Nestle India, Coal India Ltd and ONGC were among the top losers on NSE in today's trade.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 152.06 points down at 21995.85

Bajaj Auto Q4 Results: PAT jumps 35% YoY to Rs 1,936 crore

Bajaj Auto Q4 Results: The company had reported Rs 1,432.88 crore net profit in the year-ago period. The standalone revenue for the reported quarter stood at Rs 11,484.68 crore, up 30% from Rs 8,904.72 crore reported in the corresponding period of the last financial year.

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 454.69 points at 72488.99

Stock market update: Power stocks up as market falls

The 30-share BSE Sensex closed down 454.69 points at 72488.99

Planet Labs Soars Fueled by AI Data Demand

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

The easyJet share price is taking off. I think it could soar!

The easyJet share price is having a very good day. Paul Summers takes a look at the latest trading update and questions whether this momentum can continue. The post The easyJet share price is taking off. I think it could soar! appeared first on The Motley Fool UK.

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

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

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

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

Semiconductors are at CRITICAL Level!

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.

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

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.

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

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[…]

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

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.

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

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.

Abbott Laboratories Outlook is Healthy: Buy the Dip

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

ASML Fires Warning Shot For Tech Investors

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

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

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

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

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

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

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

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

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

Missed Taiwan Semi’s Rise? Try United Microelectronics

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

Bitcoin Halving Could Bring Massive Upside!

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.

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

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

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

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

Undervalued UnitedHealth Group Won’t Be For Long

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

DocuSign and The Case for 66% Upside 

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

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

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

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

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

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

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

S&P 500 Flashes Major Topping Signals

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

Stay Ahead of the Markets with AUTOMATED Portfolio Reports

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

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

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

RRG Indicates That Non-Mega Cap Technology Stocks are Improving

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

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

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