Here are some charts that reflect our areas of focus this week at XLU Leads with New High Even though the Utilities SPDR (XLU) cannot keep pace with the Technology…
Stocks
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Sector Rotation Stalls, Tech Remains King Despite a slight rise in the S&P 500 over the past week, the sector rotation landscape is presenting an intriguing picture. For the first…
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Is the market flashing early signs of a shift? In this week’s video, Mary Ellen McGonagle breaks down the subtle but telling moves happening under the surface. From strength in…
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Stocks
Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher
by adminAfter a strong move in the week before this one, the Nifty spent the last five sessions largely consolidating in a very defined range. The markets traded with a weak…
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Stocks
Week Ahead: As NIFTY Breaks Out, Change Of Leadership Likely To Keep The Index Moving
by adminAfter six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and ended the week with gains. Over the past five sessions,…
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U.S. stocks are on the cusp of a very impressive breakout to all-time highs, but are still missing one key ingredient. They need help in the form of a semiconductors…
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Stocks
Week Ahead: NIFTY May Continue Showing Resilience; Broader Markets May Relatively Outperform
by adminAn attempt to break out of a month-long consolidation fizzled out as the Nifty declined and returned inside the trading zone it had created for itself. Over the past five…
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QQQ and tech ETFs are leading the surge off the April low, but there is another group leading year-to-date. Year-to-date performance is important because it includes two big events: the…
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Stocks
Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove
by adminOver the past five sessions, the Indian equity markets headed nowhere and continued consolidating in a defined range. In the previous weekly note, it was categorically expected that the markets…
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Stocks
Week Ahead: NIFTY Stays In Technically Challanging Situation; Sector Rotation Shows Likely Change In Leadership
by adminAfter a very strong move in the week before this one, the markets chose to take a breather. They moved in a wide range but ended the week on a…
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Looking for breakout stocks and top market leaders? Follow along Mary Ellen shares stock breakouts, analyst upgrades, and sector leadership trends to help you trade strong stocks in today’s market.…
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Stocks
Week Ahead: NIFTY Stays In Technically Challanging Environment; Price Action Against These Levels Crucial
by adminAmid ever-increasing uncertainties on the global front and similarly rising geopolitical tensions between India and Pakistan, the Indian equity markets demonstrated strong resilience. They consolidated before ending the week on…
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The market does not always follow the same script or sequence, but bear markets typically end with a bottoming process marked by specific stages. These include capitulation, a short-term reversal-thrust,…
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The Zweig Breadth Thrust for the S&P 1500 triggered on Thursday as stocks surged last week. In poker terms, this thrust signals an abrupt participation shift as stocks move from…
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Tesla Inc. (TSLA) Tesla, Inc. (TSLA) remains one of the world’s most volatile and discussed stocks, with Elon Musk’s political bent having made it a lightning rod of discussion. Sales…
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One of my favorite market breadth indicators remained in an extreme bearish reading through the end of last week, standing in stark contrast to growing optimism after last Wednesday’s sudden…