(This is an excerpt from the subscriber-only DP Weekly Wrap for Friday) Friday, the Biotechnology ETF (IBB) 20-day EMA crossed down through the 50-day EMA (Dark Cross), above the 200-day EMA, generating an IT Trend Model NEUTRAL Signal. IBB recently switched to a BUY Signal on Friday November 8 and we said at the time, “IBB is approaching the top of a four-month trading range (resistance), so this BUY Signal doesn’t look very juicy at...

There’s no denying the strength that the mega cap growth names have exerted on the equity markets in 2024.  With their outsized weight in the major equity averages, and their strong performance into November 2024, the Magnificent 7 stocks in many ways reflect the investor optimism that has been much of the story of this bull market. But with these leading growth names rotating lower this week, pushing the Nasdaq 100 down 3.4% and the...

As the cybersecurity landscape continues to evolve with increasing digital threats, Zscaler, Inc. (ZS) stands out as a new opportunity after lagging for most of 2024. Recent chart setups in Zscaler stock suggest ZS may be gearing up for a significant bullish trend. In this analysis, we will break down the bullish signals and Zscaler’s financials, and then outline an optimal options strategy you can apply to capitalize on this opportunity—all identified instantly using the...

The Indian benchmark Nifty 50 extended its corrective decline. Over the past four sessions of a truncated week, the Nifty 50 index remained largely under selling pressure. Throughout the past week, the markets continued with their process of mean-reversion. The volatility, though, did not show any major surge. The volatility gauge, IndiaVIX rose by a modest 2.11% to 14.77. The trading range over the past week stayed wider on the expected lines. The Nifty oscillated...

With cryptocurrencies evolving from speculative assets to a global economic force, investors face a critical question: how can you filter out the noise to pinpoint coins that truly matter? Whether cryptocurrency trading is part of your financial strategy or not, it’s becoming clear that certain coins have moved beyond speculation and are now positioned as potential drivers of the future global economy. Still, there’s a lot of market noise in the crypto space. You need...

Should you buy calls/puts? Should you write covered calls? Or should you trade bull/bear vertical spreads? That’s a lot to chew on — and it’s just the beginning. Once you decide on a strategy, you’ll have to decide on which strikes and expirations to choose. Trading options, after all involves analyzing a lot of data points, which can be very time-consuming. Luckily for you, the new OptionsPlay Add-On from StockCharts.com can do all the heavy lifting you...

I was originally taught to use RSI as a swing trading tool, helping me to identify when the price of a particular asset was overextended to the upside and downside.  And on the swing trading time frame, that approach very much works, especially if you employ a shorter time period for the indicator. But RSI can also be used for longer-term time frames, helping investors to better define trend phases and identify broader shifts in...

Now that Q4 historical bullishness has kicked in, it’s time to allow the bears to go into hibernation, while the bulls search for key leadership to drive prices higher. Before I highlight a key industry group that just moved into all-time high territory, it’s important to understand the history of the stock market and which groups tend to carry the S&P 500 higher. In other words, since the S&P 500’s 2013 breakout above the 2000...

In this exclusive StockCharts video, Joe explains how to use an 18 simple moving average in multiple timeframes to identify when a stock has confluence amongst 2-3 timeframes. He shows how to start with the higher timeframes first, before working down to the lower ones. Joe then covers the shifts that are taking place in the sectors; in addition, he shows a nice feature in StockChartsACP that can help zero you in on new emerging...

In today’s DP Alert short video we discuss the key support levels for Gold as it has likely begun a longer-term correction. We also take a look at Gold Miners under the hood! Charts and commentary are taken from our subscriber-only DP Alert publication. Subscribe now and try us out for 2 weeks using coupon code: DPTRIAL2. Below are the charts that we used in the video for your review: Introducing the new Scan Alert...