On Friday DP indicators logged an Upside Initiation Climax. This exhaustion events often mark the beginning of new rallies and could indicate that the market is indeed ready to rebound. However, we do question its veracity given lukewarm trading to begin Monday’s trading. Carl started us off by looking at the DP Signal Tables which are clearly reading bearish after ...
Can the Nasdaq 100 rally to all-time highs or break down below key support? In this video, Dave uses probabilistic analysis to explore 4 possible scenarios for the QQQ over the next 6 weeks — from a super bullish surge to a bearish breakdown below the August 2024 low. Discover the key levels, potential market outcomes, and new trading perspectives ...
Last week, tariff talks, recession fears, and waning consumer sentiment sent stocks lower. This week, the narrative may have shifted, as investors prepare for a macro-filled week and NVIDIA’s annual GTC developers’ conference. Retail sales data for February came in slightly lower than expectations but better than January’s number. This, along with Treasury Secretary Scott Bessant’s comments about the necessity ...
Tuesday’s stock market action marked a reversal in investor sentiment, with the broader indexes closing lower. The S&P 500 ($SPX), Nasdaq Composite ($COMPQ), and Dow Jones Industrial Average ($INDU) are still below their 200-day simple moving average (SMA). Investor anxiety is elevated ahead of the Fed’s culmination of its two-day policy meeting. The risk-off sentiment is back, with gold and ...
In this exclusive StockCharts video, Joe breaks down a new SPX correction signal using the monthly Directional Lines (DI), showing why this pullback could take time to play out. He explains how DI lines influence the ADX slope and how this impacts shorter-term patterns. Joe also reveals a strong area in the commodity market defying the correction and highlights top ...