Week Ahead: Mild Technical Pullbacks Likely; NIFTY Remains Prone To Selling Pressure At Higher Levels
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Milan Vaishnav
17h ago
In the truncated week, the markets largely wore a corrective look as the key indices lost ground during the week. In the previous technical note, it was mentioned that on the one hand, no runaway moves should be expected, and on the other hand the support for Nifty exists much below at 20-week MA. The markets ended up trading precisely on the expected lines. Not only they did not move higher but also ended up testing the mentioned support level. The trading range got wider as the Nifty oscillated in a 649.80-point range during the truncated week. The volatility spiked; India Vix surged by 16.6 ..read more
Visit website
Breakdown in Mega-Cap Growth Confirms Bear Phase
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by David Keller
1d ago
While our major equity benchmarks showed incredible strength in Q1 2024, breadth conditions have been deteriorating since mid-March. Despite the weakening breadth readings, and the initial breakdowns of the S&P 500 and Nasdaq 100, leading growth names, including the formerly-described Magnificent 7 stocks, had remained in clearly-defined uptrends. This week, some of the top-performing stocks in the S&P 500 finally broke below their 50-day moving averages. While this signal on its own is not a sign of a market top, these breakdowns represent just one of the many clear signals ..read more
Visit website
MEM TV: Capitulation Signals for a Market BOTTOM
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Mary Ellen McGonagle
1d ago
In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the negative shift that's evolved over the past week in the market and highlights key signals of capitulation you should be watching for. She then shares the move into Value stocks she's seeing as heavy selling hit well known stocks - Google, Meta and Microsoft. This video originally premiered April 19, 2024. Click here or on the above image to watch on our dedicated MEM Edge page on StockCharts TV. New episodes of The MEM Edge premiere weekly on Fridays. You can view all previously recorded ep ..read more
Visit website
S&P 500 Approaches 100-Day Moving Average: Is Now an Attractive Time to Buy Stocks?
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Jayanthi Gopalakrishnan
1d ago
What a difference a week makes. Last week, the stock market changed its tune from up, up, up,... to up, down, up, down. That made it feel like investors were uncertain, yet the CBOE Volatility Index ($VIX) wasn't high enough to confirm the fear. This week, the market's singing another tune emphasizing the word "down." This week, the selling pressure was more dominant, especially in the Tech sector. Does this mean the bear is coming out of hibernation? The Macro Environment We heard comments from two Federal Reserve Presidents, John Williams and Austan Goolsbee, who left open the possibility o ..read more
Visit website
Top 10 Stocks to Watch April 2024
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Grayson Roze, David Keller
2d ago
In this edition of StockCharts TV's The Final Bar, Dave and Grayson run through top 10 charts to watch in April 2024! Together they cover breakout strategies, moving average techniques, relative strength, and much more. You don't want to miss these insights into market dynamics and chart patterns that could impact your trading decisions. This video originally premiered on April 19, 2024. Watch on our dedicated Final Bar page on StockCharts TV! New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at th ..read more
Visit website
Netflix Gets Island Reversal On Earnings
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Carl Swenlin
2d ago
Netflix (NFLX) earnings were released today, and the news was good. . . except for one little thing. They also suspiciously announced that, starting next year, they would no longer be reporting subscriber metrics. That's like General Motors saying that they will no longer report how many cars and trucks they made. I admit that some other aspect of the report could be a contributing factor for the crash, but let's look at the technicals. After the gap up in January, price formed a three-month island that drifted higher, but all was not well technically. The falling PMO formed a negative diverge ..read more
Visit website
META Stock in Limbo: What You Need to Know Before the Next Big Price Swing
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Karl Montevirgen
2d ago
Meta Platforms Inc. (META), the social media giant formerly known as Facebook, has been in tight consolidation at the top of its range for a little over a month. Following a 23% rise in February after its Q4 earnings, trading volume for the stock has declined significantly. Market participants are now looking for any catalyst that could guide the stock's movement. Analyst Price Predictions Show Wide Variation If you're undecided as to whether you're bullish or bearish on Meta, you're not alone, as the blogosphere will show you a wide range of analyst price predictions for the next 12 months ..read more
Visit website
Equity Markets Struggle to Hold onto "Go" trend as Industrials Try to Lead | Apr 15 2024
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Tyler Wood, Alex Cole
2d ago
Good morning and welcome to this week's Flight Path. The equity "Go" trend continued this week but we saw some weakness as GoNoGo Trend paints a string of weaker aqua bars to close out the week. We haven't seen a new high in a few weeks and so we will watch this week to see if the "Go" trend can hold. Treasury bond prices maintained the "NoGo" strength that we spotted last week as we saw a string of uninterrupted dark purple bars. The commodity index continued to shows strength this week as blue "Go" bars reigned supreme. The dollar also had a very strong week as it r ..read more
Visit website
Charts Flashing "No Go" for S&P 500!
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by David Keller
3d ago
In this edition of StockCharts TV's The Final Bar, Dave welcomes guest Tyler Wood, CMT of GoNoGo Charts. Tyler walks through their proprietary momentum model which confirms a bearish rotation for the major equity benchmarks yet a bullish rotation for the commodity space. David walks through key earnings names including LVS, NFLX, and more. This video originally premiered on April 17, 2024. Watch on our dedicated Final Bar page on StockCharts TV! New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at ..read more
Visit website
Rocks over Stocks | GoNoGo Show 041824
StockCharts.com | Advanced Financial Charts & Technical Analysis Tools
by Tyler Wood
3d ago
The S&P500 trend conditions have reversed into "NoGo" and strengthened to purple bars. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds to risk assets. A strong "Go" trend in the volatility index ($VIX), though still hovering around 20 also correlates to the new risk off characteristics on this environment. This week we again take a closer look at GoNoGo Trend® conditions across a diverse array of the commodities markets including precious and industrial metals ($GOLD, $COPPER), softs ($COCOA ..read more
Visit website

Follow StockCharts.com | Advanced Financial Charts & Technical Analysis Tools on FeedSpot

Continue with Google
Continue with Apple
OR