Volatility is on the rise as we saw outsized declines into mid April and breaks below the 50-day SMAs for SPY and QQQ. Both rebounded the last six days and they are approaching the underside of their 50-day SMAs, which may turn into resistance. Overall, the long-term evidence remains bullish for stocks, but the short-term evidence

Some 75% of stocks in the S&P 500 and Nasdaq 100 report earnings in the next three weeks. Ugh! META reported last night and the stock fell around 13% in after hours trading. Microsoft (MSFT) and Alphabet (GOOGL) report after the close today. AMZN reports on April 30th, Apple

Stocks were hit with strong selling pressure in April, but the weight of the evidence remains bullish. This means the decline is viewed as a correction within a bigger uptrend. Most stock-based ETFs and stocks will remain under pressure as long as SPY and QQQ are in corrective mode. I am marking

Stocks were hit with strong selling pressure here in April. This selling pressure triggered outsized declines and bearish breadth thrusts. The uptrend, which began with the November breakout, has been derailed. Even so, the longer term indicators are still bullish and this is considered

SPY fell 3.6% so far in April and is below its 50-day SMA for the first time since October. This looks like the start of a pullback because downside participation expanded significantly, just as it did in mid August. Some 83% of S&P 500 stocks were above

Weakness is spreading as the 10-yr Treasury Yield rises above 4.5%. Even though the rise is not that sharp, the market is re-pricing interest rate expectations going forward. This is especially visible in the Consumer Discretionary sector and Small-caps. Selling pressure increased markedly over

The weight of the long-term evidence remains bullish, but the short-term evidence is starting to turn as the 4-wk High-Low Percent indicator combo turned bearish. I consider this strike two against the short-term bulls. Strike one was the gap down

Stocks fell on Tuesday and then recovered somewhat on Wednesday. Overall, SPY is leading the market with the strongest short-term uptrend. QQQ stalled since March 1st, but this is just a consolidation within a bigger uptrend.

The weight of the evidence is bullish for the long-term and the short-term. Long-term, the Composite Breadth Model is positive. Short-term, 4wk High-Low Percent for the S&P 500 and Nasdaq 100 remains net bullish, while SPY and QQQ continue to stair-step higher.

The first chart shows 4wk High-Low Percent for the S&P 500, Nasdaq 100, S&P MidCap 400 and S&P SmallCap 600. There is a detailed explanation below the chart. This SPX/NDX combo turned bullish on November 2nd

The weight of the evidence remains bullish for stocks, both long-term and short-term. Some groups within the Nasdaq 100 corrected over the last two months. S&P 500 stocks picked up this slack as 52-week highs

The bull run continues with the S&P 500 SPDR (SPY) surging 2% the last three days and hitting another new high. Four of the eleven sectors hit new high (Finance, Industrials, Communication Services and Materials). We also saw new highs in several economically sensitive groups: Home Construction ETF (ITB), Retail SPDR (XRT)

The weight of the evidence remains bullish for stocks, but I continue to see sizable pockets of short-term and medium-term weakness. Upside participation within the Nasdaq 100 and S&P SmallCap 600 is deteriorating. The S&P 500 is still holding strong and the 4wk High-Low Percent combo

The first chart below shows the 4-wk High-Low Percent indicators for the S&P 500, Nasdaq 100, S&P MidCap 400 and S&P SmallCap 600. I explain the indicator and signals below the chart. This indicator combo turned bullish on November 2nd

Some tech stocks stumbled over the last few weeks, but other parts of the market picked up the slack. The chart below shows the percentage of stocks above their 50-day SMAs for the S&P 500, Nasdaq 100, S&P MidCap 400 and S&P SmallCap 600. This indicator

We remain in a bull market and the short-term trends are up for the major index ETFs. I am seeing weakness within the Nasdaq 100 and S&P SmallCap 600, but improvements within the S&P 500 and S&P MidCap 400. Today’s report will then look at 4-week High-Low Percent for the major index ETFs.

We are in a bull market, but the stock market is not firing on all cylinders in 2024. Overall, the weight of the evidence remains bullish because most cylinders are firing and supporting the uptrends. Note that the S&P MidCap 400 SPDR (MDY) and S&P 500 EW ETF (RSP) closed at new highs on Monday.

The short-term uptrend remains intact for SPY. The first chart updates SPX %Above 50-day SMA and SPX 4-week High-Low Percent. Over 90% of S&P 500 stocks were above their 50-day SMAs in early January and only 64% are above here in late February (mustard arrow). Fewer stocks are participating

Long-term, the weight of the evidence remains bullish. The chart below shows the bullish sequence starting with the Zweig Breadth Thrust on November 3rd. See the ZBT1500 Thrust in the middle window and the green arrows on the price

Stocks fell back this week with declines over the last two days, but the futures are pointing to a sharply higher open after Nvidia exceeded expectations. Once again, pullbacks are very short-lived as the market quickly rebounds

We are in a bull market, but some indicators are still pointing to a corrective period and a correction may have started last week. First, fewer stocks made it back above their 50-day SMAs as SPY moved higher in the first half of February. Second, seasonal patterns turned negative last week (mid February). Thinking in tornado terms, a tornado

Fewer stocks are partaking in the current advance, but SPY remains in a short-term uptrend and 4wk High-Low Percent is bullish. The chart below shows SPY moving higher

We are in a bull market, but evidence is pointing to a corrective period and a correction could begin this week. Warning signs appeared over the last few weeks as fewer stocks made it back above their 20-day SMAs this month. Seasonal patterns are also

There is no change in the overall market environment. The weight of the evidence remains bullish, but the stars are aligning for a correction. SPY and QQQ are overbought. Breadth is deteriorating within the S&P 500. Small-caps and mid-caps are weak with

The weight of the evidence remains bullish, but the stars are aligning for a correction. SPY and QQQ are overbought. Breadth is deteriorating within the S&P 500. Small-caps and mid-caps are weak with MDY and IWM forging lower highs from December to February. Seasonally, February is one of the weakest months of the year.

Stocks were hit with strong selling pressure on Wednesday with dozens of ETFs gapping down and falling more than 2%. Small-caps led the way lower with the biggest declines and all sectors lost ground. The Healthcare SPDR (XLV) had the smallest loss. Tech-related ETFs

The broad market environment remains bullish with SPY and QQQ leading the way. This bull market started with the Zweig Breadth Thrust (ZBT1500) on November 3rd (green bar) and channel breakout in SPY a few days later. SPY also moved above the upper

The Technology sector, the Communication Services sector and Nasdaq 100 stocks are powering the S&P 500 SPDR higher. I am also seeing strength in the Healthcare sector. Outside

Video and Report Headlines Weight of the Evidence Remains Bullish Short-term Breadth Continues to Deteriorate Seasonal Pattern for S&P 500 SPY with the Sharpest Advance since 2021 Large-caps and Techs Lead the Way Walgreens-Boots Hits Support-Reversal Zone Disney Gets Breakout and Follow Through Henry Schein Forms Bull Flag Managing a Trade with MSI and AMAT The next Chart Trader will be posted on Thursday morning, January 25th. Broad Market Recap The broad market environment remains bullish, which means we are

This week’s analysis will stick with the multiple timeframe approach. Today we are featuring a biotech stock with a channel breakout on the weekly chart and a classic retracement on the daily chart. Moreover, a larger bullish reversal pattern could be forming on the daily chart.

2024 marks a new year with the same leaders. Large-caps are still stronger than mid-caps and small-caps. The Technology and Communication Services sectors are still the leading sectors. There is, however, a new leading sector this year: Healthcare.

The broad market environment remains bullish, which means we are in a bull market. There can still be corrections and pullbacks along the way. Corrections and pullbacks, however, create opportunities when the weight of the evidence remains bullish. One pullback or correction

Chartists looking to increase their odds should consider two timeframes for their analysis. The longer timeframe sets the strategic tone, while the shorter timeframe defines the trading tactics. Strategically, I am interested in stocks with long-term uptrends.

There is no change with broad market conditions, which were covered in detail on Tuesday. Today starts with a table showing the leading ETFs. These are the strong areas in the stock market right now. I am using proximity to a 52-week high and the volatility-adjusted Rate-of-Change

The broad market environment remains bullish. It all started with the Zweig Breadth Thrust and channel breakout in SPY in early November. The advance broadened in December

Tech stocks were hit with selling pressure to start the year, but many are still in long-term trends and some are nearing support-reversal zones. In particular, Apple (AAPL) fell to a support-reversal zone and I am on alert for a bounce. Let’s investigate.

Stocks are starting 2024 a bit different than the last two months of 2023. After big advances into yearend, stocks fell the first three days of the year. High-beta stocks and ETFs led the way lower with some falling more than 9% (MDB, AMD, ARKK, ARKF). These sharp three day declines

Let’s first recap the broad market environment. The most recent bull run started with an S&P 1500 Zweig Breadth Thrust on November 3rd. This initial surge extended throughout November

Even though the market advance broadened over the last few weeks, most ETFs are still well below their 2021 highs. In other words, they have yet to fully recover from January to October in 2022. Stocks and ETFs that exceeded their

There is no change in the broad market environment: bullish and short-term overbought (strong). We saw a parade of bullish signals in November starting with the Zweig Breadth Thrust on the 3rd. SPY then continued higher and broke above the upper Bollinger Band (125,1) and the upper line of the

For the third time in seven months, RSI(14) moved above 75, which suggests that SPY is short-term overbought. Once again, SPY is overbought and remaining overbought. The red arrows on the

The weight of the evidence is bullish for stocks. It all started with a Zweig Breadth Thrust on November 3rd and the broad advance extended into early December. The 5-day SMA for the Composite Breadth Model (CBM) hit +1 on December 7th. The CBM is a trend-following

SPY and QQQ are in long-term uptrends as both recorded 52-week highs over the last few weeks. Small-caps are in long-term trading ranges, but short-term uptrends as IWM and IJR surged the last six weeks. Overall, stocks are short-term

making big gains (11-15%). Almost all stock-based ETFs are up over this five week period with many up more than 10%. Energy-related ETFs are down, as are ETFs related to some commodities

There is no change in the broad market situation. QQQ is leading because it recorded a 52-week high in November. SPY is not far behind, but it has yet to exceed its July highs. Both are short-term overbought after sharp advances from late October to late November.

The broader market remains mixed. The S&P 500 SPDR (SPY) is performing well because it is weighted by market cap and Nasdaq 100 stocks account for a third of the ETF. The Nasdaq 100 ETF (QQQ) is performing well because tech stocks are leading the market and the tech sector

Stocks surged the last three weeks and participation broadened, to some degree. Analysts are pointing out the Zweig Breadth Thrust and the massively lopsided Advance-Decline Ratio this week. While there is no denying the powerful upside move since late October, keep in mind that only half of the stocks in the S&P 1500

The weight of the evidence for stocks is mixed. Large-caps and large-cap techs are holding up well, but small-caps and mid-caps remain under pressure. Large-caps account for the majority of the stock market when measuring by market cap.

Stocks surged from October 30 to November 3rd (last week) and then diverged the last three days. SPY and QQQ edged higher, while mid-caps (MDY) and small-caps (IWM) fell. Over the last three days, SPY is up .59% and QQQ is up 1.42%. In contrast, MDY is down 1.71% and IWM is down 2.65%. This is the story of 2023

Stocks surged last week, but we have yet to see breakouts in SPY and QQQ. These two surged within their falling channel patterns. Last week’s bounces were expected because stocks were oversold, the turn of the month shows a bullish bias and November is seasonally strong. These arguments were laid out last