Growth stocks like AAPL, MSFT, and TSLA have rotated lower in July and August, with further downside potential as interest rates remain elevated. Will Tesla bounce off support and threaten new highs again, or is this recent decline just the beginning of a bearish trend for stocks?
Will Gold Hold This Confluence of Support?
When different technical analysis tools all coalesce on one particular price level, this is what we call a "confluence of support." Connie Brown stressed the value of using different technical indicators based on different inputs. When these indicators agree on a particular signal or level, that’s should be a higher conviction signal to consider.
Charting the Great Rotation of 2023
What Is The McClellan Oscillator? | August 2023 Update
The McClellan Oscillator is a market breadth indicator that uses advance-decline data to gauge price momentum. This classic technical analysis technique can help validate what you see on the chart of the S&P 500 or Nasdaq, and this week it generated a key bearish signal! We'll break down the construction of this technical indicator, and talk about downside potential for the SPX given this bearish reversal.
Key Market Breadth Indicator Turns Bearish For QQQ
Will FAANGs Hold Their 50-Day Moving Averages?
Why Use Exponential Moving Averages?
I’ve often found that for me and my process, systematic trading models are more of an input than an output. That is, I’m not a fan of completely outsourcing investment decisions to a model-based approach. However, I do see the value of having a systematic model to use as the foundation for a discretionary process built on technical analysis.
What is Confirmation Bias?
The Chart to Watch For Market Tops
Peloton Threatens Head and Shoulders Top
The term "head and shoulders top" is often thrown around when a stock starts to show signs of distribution. As the work-from-home stocks have struggled recently, charts like Peloton Interactive (PTON) have transitioned from accumulation to distribution phase causing investors to question their long-term prospects.