After a blistering snapback rally over last the week, a number of the Magnificent 7 stocks are actively testing their 200-day moving averages. Let’s look at how three of these leading growth names are setting up from a technical perspective, and see how this week could provide crucial clues to broader market conditions into April. META Remains Above an Upward-Sloping ...
The stronger-than-expected Services PMI reported on Monday injected optimism into the stock market. There was also some relief as news hit that the April 2 implementation of tariffs may be scaled back. On Tuesday, however, the market hit the brakes and stalled the upside momentum. Consumer confidence fell by 7.2 points in March, a sign that U.S. consumers are worried ...
Energy Jumps to #2 A big move for the energy sector last week as XLE jumped to the #2 position in the ranking, coming from #6 the week before. This move came at the cost of the Consumer Staples sector which was pushed out of the top-5 and is now on #7. Because of the jump of Energy, the Financials ...
Over the weekend it was announced that tariffs will be narrowing and possibly not as widespread as initially thought. Negotiations are continuing in the background and this seems to be allaying market participants’ fears. The market rallied strongly on the news. Carl and Erin gave you their opinions of whether this rally has staying power. Carl began the program with ...
Markets surged out of the gate Monday morning, with all three major U.S. indexes notching early gains. But after a bruising two-week rout on Wall Street, the question facing investors is whether stocks can sustain the rebound. If Monday’s bounce is driven more by short-term bargain hunting than long-term conviction, then certain scans, like StockCharts’ Strong Uptrends to New Highs ...
In this video, Dave breaks down the upside bounce in the Magnificent 7 stocks — AAPL, AMZN, NVDA, and more — highlighting key levels, 200-day moving averages, and top trading strategies using the StockCharts platform. Find out whether these leading growth stocks are set for a bullish reversal or more downside. Will the rally hold? This video originally premiered on ...
The Zweig Breadth Thrust is best known for its bullish reversal signals, which capture a material increase in upside participation. There is, however, more to the indicator because traders can also use the “setup” period to identify oversold conditions. This report will explain the original Zweig Breadth Thrust and show how these signals work. Note that our breadth models turned ...
We wrote about the American Association of Individual Investors (AAII) poll results a few weeks ago. Since then, the bearish activity on the chart has broken a record for the poll. Going back to the poll’s inception in 1987, we have never seen four weeks in a row of bearish readings above 55%. We are now at bearish extremes for ...
Seeing that the earnings slate is light, this week we focus on certain stocks to watch during uncertain times. If you are jittery and risk-averse, we have two safer (boring) stocks, plus one tech stock that has shown great relative strength compared to its peers. Let’s do a deep dive into all three. American International Group (AIG) Insurance stocks have done ...
If one word could characterize this week’s stock market price action, it would be “sideways.” At least it’s better than trending lower. The stock market seemed comfortable with the Federal Reserve’s message on Wednesday, but lost that upside momentum and wasn’t able to follow through on the upside move until the last 30 minutes of Friday’s trading. The Dow ($INDU), ...