Summary: Severe weakness seen in the small-cap space as Russell 2000 forms potential head-and-shoulders pattern Viewer questions answered on index volume, Coppock curves, and running oscillators on breadth indicators This episode originally premiered on September 5, 2023 New episodes of The Final Bar premiere every weekday afternoon at 4pm ET Ted’s Take: Dave seems to…
Summary: Stocks surged in the second half of August, with several ETFs breaking out of corrective patterns XLK, the Technology SPDR, broke out of a falling wedge pattern on August 29th A long white Marubozu candlestick on that day reflected a strong advance and breakout A close below 169 would negate the breakout and signal…
Summary: Retail sector ETF XRT has yet to convincingly break down or breakout despite underperforming the benchmark. The small-caps sector represented by ETF IWM is performing better but still in correction mode rather than bear market mode. The QQQ chart shows that the Nasdaq could potentially test the July calendar range low, but it is…
Summary: In this episode of StockCharts TV’s The Final Bar, Ari Wald of Oppenheimer & Co discusses the leadership role of energy stocks and the outperformance of high beta sectors over low volatility defensive stocks. David Keller, CMT tracks the latest downswing and suggests a potential A-B-C correction lower for the S&P 500 index. The…
Summary: Crude oil prices are rising, leading to higher gas prices globally. Energy companies and refiners will benefit from the price rise. Diamondback Energy (FANG) is a strong energy stock to consider. The Energy Select Sector SPDR Fund (XLE) shows signs of strength. The stock has been trending higher with higher highs and higher lows,…
Summary: Pete discusses the performance of the SPX and NDX indexes He reviews the US Dollar and bonds using the TLT ETF Pete highlights the oil ETFs, OIH and IEO, and stocks within them that are changing trend to the upside He looks at restaurant stocks like MCD, SHAK, BJRI, EAT, and JACK that are…
Summary: This week on Stock Talk, Joe Rabil explains the significance of the MACD Zero line. He breaks down what the zero line is and why it’s important for traders. Joe showcases how the MACD Zero line can help identify excellent trade opportunities when used across multiple timeframes. He also reviews symbol requests from viewers,…
Summary: The US Dollar index (UUP) and US Treasury rates ($TNX) are showing strong “Go” conditions on both the daily and weekly timeframes. Trend following model is to the upside, but momentum hasn’t supported a runaway rally yet. GoNoGo Oscillator will give further evidence for the current trend conditions. The S&P 500 (SPY) has returned…
Summary: Willie Delwiche of Hi Mount Research discusses the long-term uptrend in interest rates. Delwiche shares two sectors to focus on given the rising rate environment. David Keller, of StockCharts TV’s The Final Bar, looks at the sharp pullback for semiconductors. Keller breaks down key levels to watch for AAPL and TSLA. Ted’s Take: Interest…
Summary: Cash App is a mobile app that allows users to send and receive money quickly. Users can earn bonuses by referring friends and family to the app using unique referral codes. To sign up for Cash App, download the app, enter your email and phone number, link your bank account, and complete the verification…