I hope you had a relaxing, restful long weekend, and welcome to September. It was a pretty dismal post-Labor Day trading session. We all know September is the worst for stocks, but let’s hope the first day’s action doesn’t foretell how the rest of it will play out. All the broader equity indexes are down, with the Nasdaq taking the biggest hit. The Nasdaq Composite ($COMPQ) and Nasdaq 100 Index ($NDX) closed lower by over 3%. The StockCharts MarketCarpet was a sea of red, with technology stocks leading down. Some pockets of strength can be seen in Consumer Staples, Real Estate, and Utilities, the leading sectors in Tuesday’s trading. FIGURE 1. A SEA OF RED. The StockCharts MarketCarpet gives you a good idea of stock market action.Image source: StockCharts.com. For educational purposes. Tuesday’s Manufacturing PMI was 47.2%, which is lower than expected. This suggests that manufacturing activity is contracting, which may…
In this video from StockCharts TV, Julius evaluates the completed monthly charts for August, noting the strength of defensive…
Signing Off I want to thank the owner/President of StockCharts.com, Chip Anderson, and his son, Eric, for 25 years…
Extended trends often start with big bangs and major breakouts. Chartists can identify “big bang” moves by showing price…
After Nvidia (NVDA) dropped after earnings this week, investors are once again reminded of the importance of the semiconductor…
After Nvidia (NVDA) dropped after earnings this week, investors are once again reminded of the importance of the semiconductor…
After Nvidia (NVDA) dropped after earnings this week, investors are once again reminded of the importance of the semiconductor…
We had a sneak preview of emerging leadership on the morning of July 12th. That was the morning the…
The past sessions for the markets stayed quite trending; the headline index continued with its upmove. While extending their…