Investing David Keller Investing David Keller

All is Well, According to Robert Nurock & Louis Rukeyser

One of the regular viewers of my daily market recap show reached out after I mentioned Louis Rukeyser and the infamous show Wall Street Week.  He remembered watching the show in the early 1980s and following the insights of technical analyst Robert Nurock who provided a Technical Market Index for the show, also known as “The Elves”.

After Nurock left the show in 1989, there was a group of regular guests that became known as The Elves, and I’ve so enjoyed hearing stories from some of those elves including Ralph Acampora and Gail Dudack.  

While videos from that era are unfortunately way too scarce nowadays, I did manage to catch Rukeyser’s intro from the show immediately after the 1987 market crash.  

Read More
Investing, Stocks David Keller Investing, Stocks David Keller

What's Next For TSLA?

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?

Read More
Investing, Macro David Keller Investing, Macro David Keller

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.

Read More
Investing, Macro, Sectors David Keller Investing, Macro, Sectors David Keller

Charting the Great Rotation of 2023

Growth stocks that pushed the S&P 500 and Nasdaq higher through July 2023 have now started to rotate lower, with MSFT AAPL and now the QQQ breaking below the 50-day moving average. What sectors are starting to work, and how can we use technical analysis tools to best illustrate this great rotation?

Read More
Investing, Macro, Stocks David Keller Investing, Macro, Stocks David Keller

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.

Read More
Investing, Macro David Keller Investing, Macro David Keller

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.

Read More
DK+imagination+mug.jpg

Hi I’m Dave! Thanks so much for checking out the blog. Check out our free behavioral investing course and don’t miss an episode of Dave’s daily market recap show!

Those who can not remember the past are condemned to repeat it.
— George Santayana