So far this has been a fairly entertaining start to the new year!  The S&P 500 started off with a bounce to 6050, pushed briefly below our line-in-the-sand level of 5850, then finished this week with a retest of 6000.  While the VIX remains fairly low relative to historical levels, it feels as if our “emotional volatility” remains pretty elevated! In recent interviews for my Market Misbehavior podcast, I’ve asked top strategists like Adam Turnquist...

As advancements in medical technology continue to shape the healthcare landscape, DexCom, Inc. (DXCM) stands out with its innovative continuous glucose monitoring solutions. Recent price action suggests that DXCM’s stock price has triggered a potentially new bullish run. In this article, I will examine the technical and fundamental factors behind this positive outlook and outline a risk-defined options strategy — all identified via the OptionsPlay Strategy Center within StockCharts.com. After consolidating between $75 and $80...

The trouble with bonds is best portrayed by this long-term chart. Bonds were in a rising trend for about forty years, but the trend line was broken in 2022. This breakdown and subsequent price activity implies that bonds are going to be in a long-term falling trend for years to come. Note that the monthly PMO (Price Momentum Oscillator) is deeply below the zero line, a level that hasn’t been reached for forty years. And...

Jensen Huang may have burst the quantum computing bubble when he said it would take over 15 years for quantum computers to gain widespread use. And yet four quantum computing stocks made it to the top of the list in the StockCharts Technical Rank (SCTR) Report in the Top 10 Mid-Cap Category. You can thank Microsoft (MSFT) for this — the company is talking about becoming ‘quantum-ready’ this year. A few weeks ago, we covered...

There have been rumblings of “the return of small caps” for many moons, but small cap leadership has still not materialized as we kick off the new year.  Today we’ll share three charts to watch, besides the obviously important chart of the Russell 2000 ETF (IWM), to determine when a new leadership phase for small caps is imminent. The chart of IWM appears to be in a neutral state, similar to what we’re observing in...

One effective way to spot potential market opportunities on a sector level is to regularly monitor  Bullish Percent Index (BPI) readings for each sector. Sector-focused BPIs tell you the percentage of stocks generating Point & Figure Buy Signals. From that point on, you can drill down to specific industries to find ETFs or stocks presenting tradable opportunities. On Wednesday morning, following an encouraging CPI report and a strong kick-off to quarterly bank earnings, the BPI...

In this exclusive StockCharts video, Joe demonstrates how to use the 1-2-3 reversal pattern as a buy signal on the weekly chart. This approach can be used when the monthly chart is in a strong position. Joe shares how to use MACD and ADX to help when the trendline pattern isn’t clear, then shows the commodity charts and the shifts that are taking place. Finally, he goes through the symbol requests that came through this...

The December Producer Price Index (PPI) came in cooler than expected, as equities rose in early trading, sold off, and then rebounded. The Dow Jones Industrial Average ($INDU), S&P 500 ($SPX), S&P 400 Mid-Cap Index ($MID), and S&P 600 Small-Cap Index ($SML) closed higher. The Nasdaq Composite ($COMPQ) and the Nasdaq 100 Index ($NDX) closed lower. There’s concern the equity market is getting toppy. Will the December CPI and bank earnings on Wednesday be able...

Will small cap stocks finally take on a leadership role in 2025? In this video, Dave provides a thorough technical analysis discussion of the Russell 2000 ETF (IWM) and how that compares to the current technical configuration of the S&P 500 index. He also shares three charts he’ll be watching in the coming weeks to determine whether small caps are more likely to outperform their large cap counterparts. This video originally premiered on January 14,...

Gold has been in the headlines over the last few months, perhaps more so now than in years. This heightened attention stems from shifts in global conditions, including worldwide inflation, escalating geopolitical tensions, a surge in central bank gold purchases, de-dollarization efforts, and the influence of BRICS nations. If you follow financial media, $3,000 an ounce is the key number, according to analysts from Goldman Sachs, Bank of America, and Citi research, though their timings...