Extremely heavy volume that accompanies a gap higher and a reversing candle after a lengthy uptrend is typically a sign of buyers’ exhaustion and a much more aggressive group of sellers. The longer and more impressive the rally leading up to the reversal, the more likely the top may last…
Gilead Sciences’ (GILD) new HIV prevention shot, lenacapavir, hit it out of the park in a late-stage trial, showing 100% effectiveness. 2,000 women participated in the trial, and none of them contracted HIV, signaling a potential game-changer for HIV prevention. All Gilead has to do now is to replicate the…
Who would have thought a mid-week break would halt the stock market’s winning streak? Maybe the hot PMI reading leaked, or traders and investors felt the stock market was getting so toppy that it was time to take some profits from the high flyers. No Selloff Follow-Through Thursday’s selloff impacted…
In this edition of StockCharts TV‘s The Final Bar, Dave answers viewer questions on using technical indicators on leveraged and inverse ETFs like SOXL and SOXS, buying breakouts below the 200-day moving average, upside targets for gold, and whether the $USD is in a primary uptrend. See Dave’s weekly chart of GLD…
In this edition of StockCharts TV‘s The Final Bar, Dave recaps a day where technology shares struggles, with leading names like NVDA and MU dropping bearish engulfing patterns to indicate short-term distributions. He also addresses the ongoing divergence between large caps and small caps, the upside potential for energy stocks, and a…
Editor’s Note: This article was originally published on November 21, 2022. This article has absolutely nothing to do with trend following or the markets. I have two friends; one whose birthday is June 21 and the other whose birthday is December 21. The one in December always said she got…
Moving averages are a crucial charting tool, but many of us aren’t getting the most out of them. In this edition of StockCharts TV‘s StockCharts in Focus, Grayson shows you how to enhance your moving averages with 4 unique charts, straight out of his own account. You’ll learn how to customize the…
The Dow Jones Industrial Average ($INDU) may not be the comprehensive measure of the US economy it once was in the early 20th century. However, if you’re holding (or looking to hold) a position in a Dow-tracked index fund to diversify into blue chip stocks, it still helps to see…
Today on Fox Business Varney & Company, David Bahnsen (The Bahnsen Group) was asked if the current market reminded him of the Dot.com Bubble. He said it did, but not the part about all those worthless dot.com companies that went bust. Big companies like Cisco, Microsoft, and Intel also had…
While the S&P 500 continues to move higher, the number of stocks participating to the upside continues to decline. In other words, market breadth is deteriorating. However, it has been doing that for quite some time already, and, as we all know, we should not swim against the tide. Nevertheless,…