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Is This the Magic Upward Break Everybody Was Waiting For?

Is This the Magic Upward Break Everybody Was Waiting For?


May 18, 2024
No Confirmation In Volume This week, the S&P 500 is breaking out above its previous high, undeniably a bullish sign. After the initial break on Wednesday, the market held up well on Thursday. However, a few things are holding me back from getting overly enthusiastic. One of the issues is the volume pattern, as can […]
Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?


May 18, 2024
Gold is on the verge of breaking into all-time high territory, and silver is poised to challenge its four-year highs. Both metals are rallying, and it seems probable that both assets will rise above the current threshold levels. Supposing they do, what’s next? In terms of analyst price forecasts, most consensus targets for 2024 have […]
Gold Is Doing Great!

Gold Is Doing Great!


May 18, 2024
While we don’t typically begin with a monthly chart, it seems like a good place to start, as most of the good news is present there. Beginning on the left side, we can see how gold made a parabolic advance into an all-time high in 2011. Parabolic advances beg for correction, and boy did gold […]
TOP 10 Stock Picks for May 2024

TOP 10 Stock Picks for May 2024


May 18, 2024
In this edition of StockCharts TV‘s The Final Bar, join Dave and Grayson as they run through the top 10 charts to watch in May 2024! They’ll 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. […]
Thrilling Week for the Stock Market: Dow Jones Makes Strong Close Above 40,000 for the First Time

Thrilling Week for the Stock Market: Dow Jones Makes Strong Close Above 40,000 for the First Time


May 18, 2024
It made it! The Dow Jones Industrial Average ($INDU) closed above 40,000 for the first time, another record close for the index. What an exciting week! And most of that excitement came in the last few minutes of the trading week. We’ll take it. After a few weeks of lethargic activity in the stock market, […]
The One Chart to Watch as S&P 500 Makes New All-Time Highs

The One Chart to Watch as S&P 500 Makes New All-Time Highs


May 18, 2024
As the S&P 500 and Nasdaq 100 have once again made new all-time highs, and the Dow Jones Industrial Average has briefly broken above the 40,000 level for the first time, how should we think about further upside for our equity benchmarks? There are two general ways to play a chart pushing higher into uncharted […]
Top 5 Stocks in “Go” Trends | Fri May 17, 2024

Top 5 Stocks in “Go” Trends | Fri May 17, 2024


May 18, 2024
Top 5 Stocks in “Go” Trends Trend Continuation on Rising Momentum GoNoGo Charts® highlight low-risk opportunities for trend participation with intuitive icons directly in the price action. The resurgence of momentum in the direction of the underlying price trend is an excellent entry opportunity, or the chance to scale up positions. GoNoGo Icons® illuminate these […]
The Most Efficient Way To Follow The Markets – Customize Your Dashboard!

The Most Efficient Way To Follow The Markets – Customize Your Dashboard!


May 18, 2024
On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson walks you through the “heart and soul” of StockCharts – Your Dashboard – and explains how he customizes his layout to serve as a one-stop-shop for following the latest market action. Grayson demonstrates how the “Chart Panels” can be configured to serve as a helpful index-tracking […]
Major Shifts Taking Place As Lower Rate Bets Increase

Major Shifts Taking Place As Lower Rate Bets Increase


May 18, 2024
Both the S&P 500 and the NASDAQ are sitting at new highs as we wind down a very positive earning season. So far, almost 80% of S&P 500 companies have reported a positive earnings surprise, with the year-over-year earnings growth rate at the highest level since Q2 of 2022. Amid this corporate growth, we’re now […]
MEM TV: Here’s How to Trade Explosive Stocks After Earnings

MEM TV: Here’s How to Trade Explosive Stocks After Earnings


May 18, 2024
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the current market conditions and key areas of growth that are in new uptrends. She then shares how to trade downtrend reversals and stocks that gap up after reporting strong earnings. She then reviews the decline in interest rates, and which areas responded the most […]
Biotechnology (IBB) Gets Silver Cross BUY Signal

Biotechnology (IBB) Gets Silver Cross BUY Signal


May 17, 2024
Today the Biotechnology ETF (IBB) 20-day EMA crossed up through the 50-day EMA (Silver Cross), generating an IT Trend Model BUY Signal. If we look “under the hood” we can see that participation continues to expand. The Silver Cross Index tells us how many stocks within this group have a 20-day EMA above the 50-day […]
Larry Williams: Dow 40k, Cycle Analysis, and Lessons Learned

Larry Williams: Dow 40k, Cycle Analysis, and Lessons Learned


May 17, 2024
In this edition of StockCharts TV‘s The Final Bar, legendary trader and author Larry Williams joins Dave in the StockCharts TV studio. Larry shares his latest thoughts on Dow 40K, the resilient rise of gold and precious metals, cycle analysis on the S&P 500 and crude oil, and lessons learned in over 60 years as a trader. […]
Master The Most Underutilized Options Income Strategy: Cash-Secured Puts

Master The Most Underutilized Options Income Strategy: Cash-Secured Puts


May 16, 2024
In this exclusive interview, StockCharts’ David Keller, CMT, sits down with Jessica Inskip, Director of Education and Product at OptionsPlay. Jessica shares an informative overview of the Cash-Secured Put Strategy, and explains how it can be used to maximize yield while reducing risk within your portfolio. Using the new options chain tools on StockCharts.com, Jessica […]
Powerful Entry Strategy Using One Moving Average

Powerful Entry Strategy Using One Moving Average


May 16, 2024
On this week’s edition of Stock Talk with Joe Rabil, Joe explains how to use one SMA to pinpoint great entries in pullback plays, demonstrating how it can develop in slightly different ways. He shows 3 different types of setups in the price action and its relationship to the MA line. Joe then covers the […]