Democratic presidential nominee Vice President Kamala Harris has flipped on another policy — banning plastic straws. Harris’ campaign has abandoned the vice president’s previous position from the 2020 Democratic primary in which she stated unequivocally that plastic straws should be banned due to environmental considerations. ‘She doesn’t support banning plastic…
Uncertainty has continued in September after August left investors scratching their heads. In the tech sector, Bitcoin and Ether prices remained rangebound this week on waning investor interest, while Broadcom’s (NASDAQ:AVGO) latest quarterly report, contributed to the cautious sentiment among market participants. Tesla (NASDAQ:TSLA) also made headlines this week, teasing…
As we have discussed many times, financial markets are fractal. Different timeframes produce similar price structures. This is a very valuable phenomena for the study and practice of trading. When tracking the intraday time frame; Wyckoff structures of Accumulation, Markup, Distribution and Markdown repeat over and over. This creates a…
On Thursday afternoon, I dove into the StockChartsTechnicalRank (SCTR) Reports to scout out a good ETF during a mixed market (Dow and S&P 500 were down, Nasdaq was up). Two gold miner ETFs—Wisdom Tree Efficient Gold Plus Gold Miners ETF (GDMN) and iShares MSCI Global Gold Miners ETF (RING)—caught my…
I’ve been around long enough to remember when Intel (INTC) was the NVIDIA of the day. Now, INTC is under severe pressure, having suspended its dividend, and is currently being considered for removal from the Dow 30 Industrial Average. Oh, how the mighty have fallen! With INTC having declined so…
We are always on the lookout for chart patterns. Recently, we’ve found a bearish head-and-shoulders developing on Semiconductors (SMH). Looking at the daily chart below, we can see the pattern developing. However, we do have to point out participation. Note the very low percentages on %Stocks > 20/50EMAs. These are…
After a week of wavering action, the stock market made a directional move—a lot lower—after Friday’s jobs data. Investors are concerned about the economy, and the narrative has switched from inflation worries to thinking that perhaps the Fed is too late in cutting rates. Today’s MarketCarpet shows a lot of red.…
In this StockCharts TV video, Mary Ellen reviews the current downtrend taking place in the S&P 500 and Nasdaq, and highlights the “uninverting” yield curve. She finishes with a deep dive into Nvidia, sharing how to handle the stock depending on your investment horizon. This video originally premiered September 6, 2024.…
This week, the market appeared to shift dramatically from “stalling out at all-time highs” to more of a “big time risk-off selloff move” kind of situation. The warning signs were building in August, but, so far, September is ringing all kinds of market topping alarm bells. Let’s review three key charts that…
LAS VEGAS Sen. Steve Daines of Montana, the chair of the Senate Republicans’ campaign committee, is making his pitch to top dollar donors and influential conservative activists in order to remedy the cash disparity between GOP campaigns and those of Democrats. ‘We need your help to close the fundraising gap,’ the…