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?
Improving Relative Strength for Homebuilders
Bearish Trigger for Financials
Looking for Strength? Look to Utilities!
Emerging Markets Overextended
Bearish Divergence for Consumer Discretionary
As I paged through the S&P 500 charts during my normal weekend review, I started to identify some consistent patterns in the leadership sectors of Consumer Discretionary and Technology. Today I’ll share with you how I bucket these charts by their patterns, and why the Consumer Discretionary Sector SPDR (XLY) is likely the most important chart to watch.
The Emergence of Small Caps
The Benefits of a Consistent Imperfect Routine
A consistent imperfect routine is way better than an inconsistent perfect routine.
When I've worked with investors that are new to technical analysis, I often find that they spend too much time trying to perfect their analytical approach on a particular chart, and way too little time determining which chart they should be looking at in the first place!
Lighter Volume Does Not Mean Market Top!
The Bull Market Top Checklist: What Would Change My Mind?
The last five months of market history are a blur for me. Back in mid-March, the S&P 500 was in free fall with no end in sight. Here we are in mid-August, and the S&P is retesting all-time highs. Trend-following is about defining the trend, recognizing shifts in the trend and anticipating potential trend changes. So now that the S&P 500 is in a raging uptrend with no apparent end in sight, what would I need to see to turn bearish?