Black candlesticks are bearish, but buyers are building an advantage

over 1 year ago by noreply@blogger.com (Declan Fallon) @ Fallond Picks

It was a day when markets closed below their open, but above yesterday's close; this set-up is typically bearish and shows as a black candlestick in a chart.  The problem is that buyers have been building a nice edge since the big bullish engulfing patterns from last week. The expectation for tomorrow is a day of selling - so if this doesn't happen then bulls can look to the rest of the week with optimism.The Russell 2000 is the index to watch.  In addition to today's gain it also managed a break from the declining channel on higher volume accumulation.  Technicals have shifted more in favor of bulls with 'buy' signals in the MACD, On-Balance-Volume and the ADX with sharp gains in relative performance to peer indices.<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcpEjJNEVdgQs1j9Ki9GPFYZSPtJeAxeLw5iQ54uEGnkzBBfF5DBv72jEbf8a-4ulkAZgWTylnSDefDNRm_HqlXtsB4_-67OwfMoxklNUAn9ywlf2mlKRXbvFuox...

Bullish Momentum Divergences Abound | David Keller, CMT | The Final Bar (10.18.22)

over 1 year ago by StockCharts @ StockCharts.com YouTube Channel

Guest Dana Lyons of J. Lyons Fund Management channels his inner Buffett with a long-term view of equity valuations. Host David Keller, CMT highlights bullish momentum divergences and what RCL and NFLX would need to do to complete a bullish rotation. 00:00 - Intro 02:29 - Market Recap 12:21 - Dana Lyons 19:33 - Mailbag Q1: What do you think about the weekly RSI divergence? 23:02 - Q2: Do you think we are in a cyclical bear or a secular bear market? 25:19 - Q3: I've noticed that the small and mid caps are currently outperforming the large caps. Does this have any meaning or insight? 27:14 - 3 in 3: S&P Bullish Percent Index, Royal Caribbean ( RCL ), Netflix ( NFLX ) Email - thefinalbar@stockcharts.com Twitter - https://twitter.com/FinalBarSCTV Blog - https://schrts.co/WDKzPhTD @Market Misbehavior #bpi #divergence #valuations ––––– Enjoy this video? Subscribe to StockCharts on YouTube to watch more great content from top financial experts, with new content posted daily: https://...

Big Market Bottoms

over 1 year ago by SA Editor's Picks

AAAU ACTV AFMC AFSM ARKK AVUV BAPR BAR BAUG BBMC BFOR BGLD BIL BJUL BJUN BKMC BKSE BMAR BMAY BOCT BUL CALF CSA CSB CSD CSF CSML CWS CZA DBP DDIV DEEP DFAS DIA DON DVLU DWAS EDV EES EQAL EZM FAB FAD FDM FFSM FFTY FIBR FLQM FLQS FNDA FNK FNY FOVL FSMD FTA FXF FXY FYC FYT FYX GBIL GDMN GDXD GDXJ GDXU GLD GLDI GLDM GLTR GOEX GOVT GOVZ GSSC GSY HAIL HIBL HIBS HOMZ HSMV IAU IAUF IAUM IEF IJK IJS IJT IMCB IMCG IPO ISCB ISCV ISMD IVE IVOV IVV IWM IWO IWP IWR JHMM JHSC JPME JPSE JSMD JSML KAPR KJAN KOMP LSAT MDY MDYV MGMT NAPR NJAN NOBL NUMG NUMV NUSC OMFS ONEQ OSCV OUSM OVS PAMC PAPR PAUG PEXL PEY PHYS PICK PJAN PJUN PSC PTMC PY QDIV QQEW QQQ QQQA QQQM QQQN QQXT QVAL QVML QVMM QVMS QYLG RFG RFV RING RNMC RNSC ROSC RPG RPV RSP RSPT RWL RZG RZV SCHA SCHM SCHO SCHQ SCHR SFYX SGDJ SGDM SGOL SH SHV SHY SIL SILJ SLVP SMCP SMDV SMDY SMLF SMMD SMMV SNPE SPAX SPDN SPDV SPGP SPHB SPHD SPHQ SPLG SPLV SPMD SPMO SPMV SPUS SPUU SPVM SPVU SPXE SPXL SPXN SPXS SPXT SPXU SPXV SPY SPYD SPYG SPYV SQLV SSO SSPY SYLD TBF TBJL TBT TFJL TLH TLT TMDV TMF TMV TPHD TPLC TPSC TTT TYD TYO UAUG UBT UJAN UMAR UMAY UOCT UPGD UPRO USMC UST USVM UTWO VB VBK VFMV VFQY VFVA VGIT VGLT VGSH VIOO VIOV VO VOE VOO VOOG VOOV VOT VRAI VTWG VTWV VUSE VXF VXX VXZ WBIY WEBL WEBS XES XJH XLE XLG XMHQ XMMO XMVM XRLV XSHD XSLV XSVM XVV XYLD XYLG YCL YCS ZROZ

Swing Trader Pro: Afternoon Briefing (10-18-2022)

over 1 year ago by David @ All Star Charts

From the Desk of Kimmy Sokoloff The market gapped up this morning and came back to fill yesterday’s high. The market overall bounced off of that gap-fill and held steady until news came out on $AAPL late afternoon. Here are today’s trades: I bought $AAPL yesterday at 142.50 and sold it this morning at 144.30. […] The post Swing Trader Pro: Afternoon Briefing (10-18-2022) appeared first on All Star Charts.

The Inside Scoop (10-18-2022)

over 1 year ago by Steve Strazza @ All Star Charts

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts While the S&P 500 and other major averages made new lows last week, fewer stocks made new lows beneath the surface.  Not only is downside participation narrowing. But the list of new highs is slowly growing.  While it’s nowhere near where it needs to […] The post The Inside Scoop (10-18-2022) appeared first on All Star Charts.

T. Rowe Price: This Company Is A Gem

over 1 year ago by SA Editor's Picks

TROW

[PLUS] Weekly Macro Perspectives – “Correlations Go To One In A Crisis”

over 1 year ago by Peter @ All Star Charts

From the desk of Willie Delwiche. Over the past year, this old Wall Street saying has been more than an adage. It’s been a reality. Correlations across the ETFs that we use as proxies for various asset classes are overwhelmingly positive and on the rise. The exception has been Commodities (DBC), though many asset allocation […] The post [PLUS] Weekly Macro Perspectives – “Correlations Go To One In A Crisis” appeared first on All Star Charts.

PLUS

Occidental Petroleum: Sell Before The Panic Sets In

over 1 year ago by SA Most Popular

OXY

Get Ready For A Great Buying Opportunity | John Kosar, CMT | Your Daily Five (10.18.22)

over 1 year ago by StockCharts @ StockCharts.com YouTube Channel

John brings his current 5 most important charts, data series, and Asbury Research quantitative models to Your Daily Five. These, he believes, will be the most influential to the stock market over the next several weeks. 00:00 - Intro 00:51 - S&P 500 Testing Formidable Major Support ($SPX) 03:14 - Asbury 6 Negative 08:12 - Volatility ($VIX) 09:54 - Investor Sentiment ($SPX) 11:57 - Market Breadth Connect with John: https://www.linkedin.com/in/johnjkosar/ https://www.linkedin.com/company/asbury-research-llc/ https://asburyresearch.com https://asburyresearch.com/contact/ ––––– Enjoy this video? Subscribe to StockCharts on YouTube to watch more great content from top financial experts, with new content posted daily: https://tinyurl.com/wvet7qj See what better financial charting can do for you! Start your FREE 1-month trial today at https://stockcharts.com FOLLOW US Twitter: @StockCharts : https://tinyurl.com/tt7429e @StockChartsTV : https://twitter.com/stockchartstv Facebook: htt...

Tuesday links: stressed startups

over 1 year ago by abnormalreturns @ Abnormal Returns

It Could Be Curtains for AMC and the Entire Movie Theater Industry

over 1 year ago by IBKR Traders’ Insight

Major theater exhibitors like AMC have not only been grappling with increased market volatility, but they also face a host of industry-specific headwinds, as box office sales fail to recover to pre-pandemic levels. The post It Could Be Curtains for AMC and the Entire Movie Theater Industry appeared first on Traders' Insight.

AMC

Equities Are Near A Temporary Bottom (Technical Analysis)

over 1 year ago by SA Editor's Picks

SPXL SPY SSO UPRO

Apple Earnings Are Likely To Bomb Going Forward

over 1 year ago by SA Most Popular

ADBE AMZN BAC GOOG GOOGL INTC MU NVDA RH TSM

3rd Look at Local Housing Markets in September, California Sales off 30% YoY

over 1 year ago by Calculated Risk @ Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in September, California Sales off 30% YoYA brief excerpt: California doesn’t report monthly inventory numbers, but they do report the change in months of inventory. Here is the press release from the California Association of Realtors® (C.A.R.): Rising interest rates depress September home sales and prices, C.A.R. reportsSeptember’s sales pace was down 2.5 percent on a monthly basis from 313,540 in August and down 30.2 percent from a year ago ...The statewide median home price continued to increase on a year-over-year basis in September, but the growth rate remained very mild compared to those observed earlier this year. At an increase of 1.6 p...

Inverted Yield Curve Looms Over Stock Market | Julius de Kempenaer | Sector Spotlight (10.18.22)

over 1 year ago by StockCharts @ StockCharts.com YouTube Channel

After one week of hiatus, Julius is back with a new episode of Sector Spotlight. This week, he's catching up with a refresher on asset class rotation, as well as sector rotation. In the AC segment, he points to the still-inverted yield curve and how that has historically played out for the stock market. Julius separates the sector rotation into three segments -- Offensive, Defensive and Cyclical -- and points to strong rotation for Financials in an otherwise weak rotation for offensive sectors. And a weak rotation for Utilities in a generally strong rotation for defense. 00:00 - Intro 02:38 - Asset Class Rotation 18:49 - Sector Rotation 27:12 - Outro Julius' Articles: Strong Sector Rotation To Financials, But Will It Be Enough to Turn the Market Back Up?: https://schrts.co/mgkciIzp Connect with Julius: https://www.relativerotationgraphs.com/ Email Juliusdk@stockcharts.com Twitter - https://twitter.com/RRGresearch Facebook - https://www.facebook.com/RRGresearch/ LinkedIn - https:/...

Is This Volatile Enough for You? – Part 2

over 1 year ago by IBKR Traders’ Insight

With a steady stream of trading days that feature intraday moves of 2% or more, or 32% on an annualized basis, it is quite reasonable to see VIX at current levels. The post Is This Volatile Enough for You? – Part 2 appeared first on Traders' Insight.

Supply Chain Improvements Drove September’s Industrial Recovery

over 1 year ago by IBKR Traders’ Insight

Industrial production and capacity utilization data released today appear favorable for GDP while providing somewhat mixed messages about inflation. The post Supply Chain Improvements Drove September’s Industrial Recovery appeared first on Traders' Insight.

Sterling Dips to $1.13 as BoE Denies Report of Delaying QT Measure

over 1 year ago by IBKR Traders’ Insight

Sterling fell against the USD after the BoE disputed reports that it plans to delay government bond sales again. The post Sterling Dips to $1.13 as BoE Denies Report of Delaying QT Measure appeared first on Traders' Insight.

BOE UK

A Saturday Trading Strategy

over 1 year ago by Bella @ SMB Capital

I came into the office Saturday to get some work done.  Just prior my son finished a baseball doubleheader in Queens. We drove back home, dropped his bags at our apartment, changed, and headed to the office.  His mom and sister were at our beach house so it was just the boys. To keep Luke occupied, while I worked, we ... Read More The post A Saturday Trading Strategy appeared first on SMB Training Blog.

Banks Report Better Than Expected, but Overall Q3 Growth Worsens

over 1 year ago by IBKR Traders’ Insight

S&P 500 EPS growth for Q3 is set to come in at 1.6%, the lowest level since Q3 2020 and sinking from the prior week due to downward revisions The post Banks Report Better Than Expected, but Overall Q3 Growth Worsens appeared first on Traders' Insight.