The overall market is at a crucial intersection.

Let’s take a deeper look at a few Modern Family members, focusing on semiconductors (SMH), long bonds (TLT), small caps (IWM), and retail (XRT). These sectors will be crucial to determining the market’s trajectory for the rest of the year.

You can see on the daily chart above on Grandpa Russell (IWM) how close IWM is to the 200-day moving average, serving as resistance to higher highs. Also evident is lower support for IWM, around 176. Small caps are displaying weak momentum in our Real Motion Indicator. Our Leadership/Triple Play Indicator also exhibits weak leadership performance relative to the S&P 500 (represented by SPY above). If IWM can get through 190, that would indicate that we will have a more sustained rally, but problems are ahead for if IWM breaks down below 182.

So, what are the other key sectors telling us right now?

Retail sales were mixed over Black Friday, with online sales setting a record. XRT (Granny Retail) is at an intersection – if it breaks down under 67, it could go back to 64. The Real Motion Indicator and Leadership/Triple Play Indicator signal Granny Retail’s price still has momentum strength and leadership displayed. If XRT can get through 66-67.55, that will be a big positive for the US consumer. Otherwise, we might see a move down.

The Leadership/Triple Play Indicator for SMH also exhibits strong leadership performance relative to SPY above indicating continued outperformance. But, if SMH breaks 212, it could fall back to 200, near the 50-day moving average, signaling continued weakness in the tech sector.

Bonds have been in demand as a safe haven asset, but this may not continue as rates rise. The TLT’s Leadership/Triple Play Indicator exhibits strong leadership performance relative to the SPY, indicating continued outperformance. TLTs (long bonds) still need to go through 103.85. They need to cross this price to indicate a more bullish sustained move upward.

At this point, it’s hard to say if the market is in a risk-on or risk-off mode. We will continue to watch these sectors; if they can’t rally and get over these price levels, it could be a sign of trouble ahead.

Rob Quinn, our Chief Strategy Consultant, can provide more information about our proprietary trading indicators and Mish’s trading service. Click here to learn more about Mish’s Premium trading service with a complimentary one-on-one consultation. 

“I grew my money tree and so can you!” – Mish Schneider

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish hosted the Monday, November 28 edition of StockCharts TV’s Your Daily Five, where she covered some of the Modern Family. She also discusses the long bonds and gold with levels to clear or, fail.

Read Mish’s latest article for CMC Markets, titled “What’s Next For Key Sectors After the Midterms“.

Mish explains why MarketGauge loves metals and is still patiently loading up equities on Business First AM.

Mish talks metals, rates, dollar, and which sector to buy/avoid in this appearance on UBS Trending.

See Mish talk with Charles Payne on Making Money about the Oil markets testing the limits of Fed policy, China, and what to buy in the metals.

ETF Summary

S&P 500 (SPY): 390 support and 400 resistance.Russell 2000 (IWM): 178 support and 184 resistance.Dow (DIA): 335 support and 342 resistance.Nasdaq (QQQ): 278 support and 286 resistance.KRE (Regional Banks): 60 support and 65 resistance.SMH (Semiconductors): 210 support and 220 resistance.IYT (Transportation): 219 support and 227 resistance.IBB (Biotechnology): 129 support and 135 resistance.XRT (Retail): 63 support and 68 resistance.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

Wade Dawson

MarketGauge.com

Portfolio Manager

On this week’s edition of The DecisionPoint Trading Room, Carl begins the Trading Room with a discussion on what falling wedge chart patterns are and why they have the expectation of an upside conclusion. Erin and Carl both review how exponential moving averages (EMAs) work and why they prefer them. Erin performs a thorough review of all of the sectors, then dives into the Utilities sector industry groups. They both finish by reviewing your symbol requests. Is this a market to hold into? Or should we book profits?

This video was originally recorded on November 28, 2022. Click this link to watch on YouTube. You can also watch this episode and other past episodes on the StockCharts on demand video service, StockChartsTV.com. Registration is free!

New episodes of The DecisionPoint Trading Room air on Mondays at 3pm ET on StockCharts TV. Past videos will be available to watch on demand. Sign up to attend the trading room live Mondays at 12pm ET by clicking here!

Many economists have been predicting a flat holiday sales season in the U.S. due to a weaker economy brought on by higher inflation. So far however, the long Thanksgiving weekend has been more buoyant than expected. To begin, Black Friday sales broke $9 billion in sales which is a record number for the day. According to the head of retail at Salesforce (CRM), consumers are seeking value as seen in the strong correlation between discount percents and the resulting online sales.

Wall Street has also weighed in with their thoughts, with research firm Wedbush citing Deckers (DECK) – the parent of the UGG shoe brand – as the clearest winner of Black Friday week by their footwear and apparel team. Highlights include that UGG was one of the only brands tracked by Wedbush that was less promotional last week versus last year and one of few that saw growth in online searches. This “suggests that interest in the brand remains high even as most other brands see less robust demand,” Other positives include longer-than-usual lines at stores and significant buzz on social media.

DAILY CHART OF DECKERS (DECK)

In addition to Decker’s UGG brand, the company has a very successful sneaker brand named HOKA which reached $1 billion in sales in October. The product provides a more supportive and comfortable sole which has been very popular among middle aged athletes. The stock gapped up into a base breakout last week and is now in a confirmed uptrend.

For those who would like to be alerted to additional stocks in this area as well as top performing Healthcare, REIT and Technology stocks, use this link here to receive immediate access to my report from yesterday. This link will provide you with a 4-week trial of my twice weekly MEM Edge Report for $7.

Warmly,

Mary Ellen McGonagle – MEM Investment Research

On this week’s edition of StockCharts TV‘s Halftime, presented by Chaikin Analytics, Pete gives a run down of the current markets, which appear to be taking a break from their pretty good run over the last month. With industrials and materials still looking strong, he’s feeling cautiously optimistic as he goes through the sector rotation today.

This video was originally broadcast on November 28, 2022. Click on the above image to watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV, or click this link to watch on YouTube. You can also watch on our on-demand website, StockChartsTV.com, using this link.

New episodes of Halftime by Chaikin Analytics air Mondays at 1:15pm ET on StockCharts TV. You can view all previously recorded episodes at this link.

It’s been a long 2022 for many in the stock market as we’ve seen all-time highs in early January morph into one of the worst bear markets since 1950. While we’ve seen a significant decline in equity prices, the market environment now is MUCH different than it was at the beginning of the year – and that’s very bullish.

At our MarketVision 2022 event on Saturday, January 8, 2022, I was extremely cautious. Price action remained solid, but that was about the only thing the bulls could feel good about. Unfortunately, price action is the only thing that most investors look at. Accordingly, many were blindsided when the distribution period from January through May took place. Everyone was selling. All. Day. Long. But that was not the cause of the 2022 problems. It was the EFFECT. The warning signs were everywhere, if you only cared to look, or to consider the bearish argument. I remember being soundly criticized by many for calling for a bear market long before the major indices dropped the “required” 20%. As I said then, “you don’t need to see a twister in your dining room to realize a storm is approaching.”

The good news is that 2023 is likely to be better. Much, much better. Of course, I reserve the right to change my mind between now and MarketVision 2023, to be held on Saturday, January 7, 2023, but so much has changed since the beginning of the year, and it’s all been for the better, except price action. So once again, the question you must ask yourself is, “are you willing to consider the bullish argument now or are you stuck looking at downtrending prices with no ability to look beyond that?”

Here are the 5 things you need to know NOW:

It’s Cyclical, Not Secular

I’ve said this all year long and I’m just as convinced today as I’ve been at any point in 2022. We’ve just concluded a cyclical bear market, folks. It’s over. Is that a guarantee? Of course not. I don’t have a crystal ball. I don’t know how much crazier Fed Chief Powell might get. He and his Fed cronies tried to ruin Christmas in 2018 during the trade war with interest rate hike rhetoric that never transpired. Perhaps he doesn’t like the holidays? But after a series of BIG interest rate hikes in 2022, stock valuations came crashing down, especially growth stock valuations. I’m seeing lower rates on the horizon, which will send those same valuations shooting back higher.

I wrote an article back in January 2022, laying out my “4 Bold Predictions About This Bear Market”. If you didn’t read the article, this would be a great time to do so. We have the tools (especially here at StockCharts.com) to educate ourselves, if we’re willing to put in the time and effort. Many technicians are perma-bulls or perma-bears, only writing articles that support their biases. I’ve been called a perma-bull many times, and admittedly, I’m generally bullish. I think that’s a good thing as the stock market rises a lot more than it declines. I hope that anyone who thought I was a perma-bull now reflects and realizes that I call what I see. Bullish or bearish, it doesn’t matter. I’m going to tell you what I’m seeing. Yes, the bulls will get the benefit of the doubt, because again, the market goes up more than it goes down.

On Saturday, January 7, 2023 at MarketVision 2023, I will tell you what I’m seeing and give my predictions for calendar year 2023. This will be a FREE event and everyone subscribed to our EB Digest newsletter will be invited to attend. If you haven’t already subscribed, this is a GREAT reason to subscribe. Other similar events are priced in the hundreds, or even thousands, of dollars. Yet, StockCharts.com will be joining us at EarningsBeats.com for our 4th annual MarketVision event and it’s FREE and very educational. This allows EVERYONE to attend and learn about techniques that you can use to better forecast market direction and feel more confident about your investing decisions. Stop listening to CNBC. They are an entertainment channel. In the words of their very own Jim Cramer, “THEY KNOW NOTHING!” (Actually, the big Wall Street firms know plenty, they just keep it to themselves)

Do you want to attend MarketVision 2023 for FREE and learn more about the stock market? Then CLICK HERE to sign up for our EB Digest newsletter and we’ll make sure you get room instructions when the event approaches.

Regression To The Mean

I pointed this out to begin 2022, but it’s a lot easier to see now. The S&P 500 gained 115% over 22 months leading up to its all-time high in January 2022. That type of appreciation is simply unsustainable. The U.S. stock market, coming off the 2020 pandemic, ran too far too fast and we were going to pay the price in 2022. Here’s a daily chart going back 100 years with a 450-day rate of change (ROC) below the price chart (there are 253 trading days in a calendar year, so 450 days represents 21-22 months of trading):

Since the 1930s, we had seen the S&P 500’s 21-22 month rate of change hit 85% only twice. By the beginning of 2022, we hit 115%!!!!!! This crazy advance, together with off-the-chart bullish sentiment suggested we be extremely careful entering 2022. But was CNBC telling its viewing audience to be careful, while the big Wall Street firms were rapidly rotating to defensive sectors in December 2021? Of course not. That doesn’t pay the bills. Instead, they’ll continue to rotate their seasoned entertainers. In my opinion, there’s maybe a handful of true experts worth listening to on CNBC throughout the year. The rest will flip-flop or allow their pre-conceived biases shine through, resulting in nothing but bad analyses and market losses.

Listen, if you were unbiased to begin 2022, how could you look at the massive move higher from March 2020 through December 2021 and not at least consider that the stock market needed a break? Here was the S&P 500 15-year weekly chart that I showed to MarketVision 2022 attendees nearly a year ago, and where we stood as of January 8, 2022:

There were multiple warning signs on this one chart. First, look back at 2014/2015. We broke just outside the upper channel line and what happened next? A regression to the mean. Now fast forward to 2021. It was a breakout above the upper channel line – only on steroids this time. Then look at the weekly negative divergence on the PPO. Bullish momentum was slowing. Note also that the weekly RSI remained above 50 for 18 months. All of these same conditions were present back in 2014/2015. It was history about to repeat itself. Back at the MarketVision event, I never guaranteed anyone that we would have a bear market. What I said at the time was that the RISK to the downside was too great to remain blindly long. I use technical analysis to evaluate risk, not to guarantee future price action. Those who don’t use technical analysis will always point out when it doesn’t work. But that is not the point. We use it to evaluate and manage risk. That’s it.

Those green arrows highlight “regression to the mean.” During my talk, I pointed out that, in a worst case scenario, I could see another regression to the mean, so my downside target was 3500-3800. Here’s how 2022 unfolded on this same chart:

Having this perspective BEFORE the bear market began altered the financial lives of many of our EarningsBeats.com members – in a good way. At the end of the day, everyone must make their own individual financial decisions. I always point out that we are not Registered Investment Advisors (RIAs). We’re not trying to manage anyone’s money and to do so, without the benefit of a financial plan and a risk profile, would be irresponsible on our part. Instead, EarningsBeats.com is a guidance, research, and education platform. I’d like to believe that our work helps our members make BETTER and MORE INFORMED financial decisions. That’s all we can do.

Sentiment Has Been Reset

I said in January that our absolute biggest market issue was sentiment. It wasn’t inflation. It wasn’t interest rates. It wasn’t a possible recession. Instead, everyone who wanted to buy had bought. Retail traders were EXTREMELY BULLISH and it wasn’t sustainable. I want to show you two charts of the equity-only put-call ratio ($CPCE) and then I’ll explain them:

The CPCE is a fraction, the numerator of which is the number of equity puts. The denominator represents the number of equity calls. The CPCE is a contrarian indicator. When retail traders grow bullish and are buying too many calls, the fraction (equity puts divided by equity calls) moves lower and lower. When retail traders grow more bearish, the opposite is true and the fraction rises. Over a period of time, sentiment tends to shift too far in either the bullish or bearish direction.

The first chart above simply shows us this fraction every day since the CBOE began providing us this data. Remember, the lower the reading, the more bullishness felt by retail traders. With this in mind, check out those daily readings, particularly in the second half of 2020 and throughout 2021. In the red-shaded area, there’s a cluster of readings below 0.45. This level of bullishness was hardly EVER reached in the prior 16 years. By the time 2021 ended, it was the norm. On the flip side, look at few CPCE readings above .60 in 2020 and 2021. Options traders believed the stock market was a personal ATM machine. Just buy calls and make money. Well, we now know the result of that extreme bullishness.

The second chart shows us this same data for the past 20 years. However, the readings have been smoothed out over a 253-day period, or one year. As retail traders grow more and more bullish, this 253-day moving average continues falling. But once this bullishness is exhausted, the market struggles because there are no more buyers and as the stock market falls, retail traders slowly begin to turn against the stock market and become more bearish. That’s what drives this 253-day moving average higher. This chart is as of January 8, 2022. I showed everyone at MarketVision 2022 that this 253-day moving average was just beginning to turn higher. I’ve circled in red previous periods when this moving average turns higher and the S&P 500 results while this ratio turns more and more bearish is not good. We are normally in a bear market or in a period of sideways action. This signal was telling us not to expect much bullishness in 2022. We needed a sentiment “reset”. Check out where this 253-day moving average is now and the damage inflicted on Wall Street:

I’m not sure where this 253-day moving average will top, but when it does, we’ll likely be in the midst of the “mother of all rallies”. Some might suggest that we can’t bottom until this moving average tops, but just take a look at 2016. The S&P 500 bottomed in January 2016 and ran more than 20% higher before the top occurred in the 253-day moving average of the CPCE. This isn’t a perfect science. The takeaway here for me is that the sentiment picture has completely flipped now – just as I suggested it would a year ago. Sentiment will no longer be a reason for the stock market to struggle.

Divergences Are Now Putting The Bears On Notice

I mentioned earlier that weekly PPO negative divergences at the end of 2021 suggested upside momentum was waning, another contributing factor to a potential market top. Well, like sentiment, we’ve flipped and now we’re seeing that downside momentum is waning. Check out this weekly chart:

Watch the downtrend line near 4100 and the weekly RSI 60 level. If we clear both of those, it would be pointing to further upside ahead.

The Big Picture

The long-term chart of the S&P 500 supports the notion that we’re in a secular bull market. It’s really the one chart that drives much of my secular vs. cyclical beliefs. Check this out and decide for yourself if we should ignore the long-term secular bull market thesis:

Secular bear markets have these common traits:

Monthly RSI drops to 30 or belowMonthly PPO drops well below zero lineDoes not break to all-time highs

Everyone LOVES to bet against the stock market, yet it mostly keeps going higher. There are plenty of times to be cautious and the market will typically provide us signals, as it did late in 2021 and into early 2022. Most of the time, however, betting against U.S. stocks is a worthless effort.

Things could change over the next couple months, such as inflation, interest rates, the Fed, economic concerns, etc., but I’d be careful about being overly pessimistic based on all the technical and sentiment changes that have taken place. I will review every chart that I feel is important and share it all with everyone at MarketVision 2023 on Saturday, January 7, 2023. Again, if you want to be a part of this FREE information-packed event, CLICK HERE to begin your FREE subscription to our 3x per week EB Digest newsletter.

Our Biggest Deal Of The Year Is Ending Today

Our Fall Special has been running for two weeks, but today is the last day to benefit from the lowest prices we offer all year. If you’d like to join our very satisfied group of EarningsBeats.com members, there’ll never be a better time than today. Here’s more information on our FALL SPECIAL!

Happy trading!

Tom

In the previous technical note, it was mentioned that the markets have a resistance in the 18300-18400 levels zone while it navigates the November month expiry of the derivative series. Quite on the expected lines, the NIFTY consolidated in the first half of the previous week; however, in the last two sessions, it made a strong attempt to move out of the ranged consolidation and inch higher toward its lifetime high point of 18604. The trading range of the Index also widened a bit; it oscillated in the 401.55 point range while staying a whisker away from its lifetime high point. Following strong moves in the last two sessions, the headline index NIFTY ended with a net gain of 205.1 points (+1.12%).

The NIFTY Bank Index also continued with its move higher; though it consolidated at higher levels. This index has already broken out much ahead of the NIFTY when it moved above 41840 levels. With this breakout from 41840, the index has already traveled close to 1150 points while NIFTY remains 92 points away from its lifetime high levels. The volatility continued to inch lower; INDIAVIX came off by 7.35% to 13.33; the lowest point seen this year. In the coming week, NIFTY approaches the major resistance point in the form of the lifetime high point of 18604; it would not be surprising if the markets face stiff resistance there before attempting any sustainable breakout.

The markets may see a stable start to the week; the US markets closed largely stable on Friday as they opened after a Thanksgiving holiday on Thursday. NIFTY will face stiff resistance at 18600 and then at 18690 in the coming week. The supports come in at 18400 and 18250 levels.

The weekly RSI is 65.53; it has made a fresh 14-period high which is bullish. However, it remains neutral and does not show any divergence against the price. The weekly MACD is bullish and stays above its signal line.

A bullish engulfing candle appeared on the charts and raises a caution. This bullish engulfing candle has emerged near the high point and resistance; it has the potential to halt this up-move temporarily and cause the markets to consolidate. However, this just needs to be watched carefully and should not be traded in isolation as it would require confirmation on the charts.

NIFTY has been relatively underperforming the NIFTY Bank Index; while lagging in its performance, it is yet to approach its lifetime high point whereas NIFTY Bank Index has already traveled over 1150 points following a breakout. There are possibilities that NIFTY Bank may consolidate a bit at current levels; this may even cause the NIFTY 50 to consolidate near its high point. This is just one of the possibilities; the current technical setup requires us to approach the markets may cautiously.

It is strongly recommended that until a strong breakout is achieved on the NIFTY 50 Index, all profits must be vigilantly protected at higher levels. The breadth of the broader markets is not as strong as it should be; this also increases the possibility of consolidation at higher levels. It would be wise to keep overall leveraged exposures at modest levels, stay invested in stocks having strong or rising relative strength, and also protect profits at higher levels.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

The analysis of Relative Rotation Graphs (RRG) shows that leadership in the markets is getting limited to just two to three sectors; the other sectors just appear to be still in the process of consolidation. The PSU Bank and Metal Indexes are the only two groups seen comfortably poised inside the leading quadrant. They are likely to continue relatively outperforming the broader markets. While NIFTY Bank is seen taking a breather, the Services Sector index hasn’t traveled too far from the center point indicating a lack of relative momentum in the move.

NIFTY Financial Services, Midcap 100, FMCG, Consumption, and Auto Indexes are inside the weakening quadrant.

NIFTY Energy and Realty Indexes continue to languish inside the lagging quadrant; they will continue to relatively underperform the broader NIFTY500 Index. Media Index is inside the improving quadrant but it is seen giving up on its relative momentum against the broader markets.

NIFTY IT, Commodities, Pharma, PSE, and Infrastructure Indexes are inside the improving quadrant. Among these groups, IT Index remains the strongest among all and may deliver maximum relative outperformance as compared to the other indexes that are inside this quadrant.

Important Note: RRG™ charts show the relative strength and momentum for a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

As the Thanksgiving holiday shopping weekend is here, we will be looking at Granny Retail XRT (SPDR S&P Retail ETF).

Investors and retailers are closely monitoring consumption over the holiday weekend. The National Retail Federation estimates that 166.3 million Americans will shop through Cyber Monday, up by 8 million people from last year. Consumers are saving less and charging more – but still spending. Despite inflation, many retailers expect sizable profits this weekend as consumers look for great bargains and appear willing to spend money.

So, what does this holiday weekend indicate for the retail sector’s health?

While some retail stores are struggling, others are seeing increased sales, which is evident by looking at the volatile price swings of XRT. Since October, XRT has struggled and regained its 50-day moving average decisively in November. XRT is now on the verge of its 200-day moving average and may cross it.

Our proprietary Real Motion indicator displays price momentum in line with the upward trajectory of the Bollinger Bands, indicating continued higher prices. Our Leadership/Triple Play Indicator also exhibits strong leadership performance relative to the S&P 500 (represented by SPY above), indicating continued outperformance.

Examining multiple timeframes helps to validate and confirm signals. Looking at the weekly chart, XRT recently regained the 200-week moving average, recovering from a weekly low of 55.20 on September 30 and closing today, November 25, at 66.60. The 50-week moving average at 70 serves as solid overhead resistance.

The Real Motion Indicator is above the zero line. It indicates that Granny’s price should continue trending higher towards resistance. Our Leadership/Triple Play Indicator also exhibits recovering leadership compared to the SPY.

We employ proprietary trading indicators, including phases, momentum, trend strength, and price leadership to signal price changes. Although the retail sector faces headwinds, XRT provides exposure to consumer staples and consumer discretionary stocks, and XRT’s price has solid momentum and price leadership underpinning it. The Real Motion Indicator and Leadership/Triple Play Indicator signal that Granny Retail’s price should continue trending higher until solid overhead resistance.

Rob Quinn, our Chief Strategy Consultant, can provide more information about our proprietary trading indicators and Mish’s trading service. Click here to learn more about Mish’s Premium trading service with a complimentary one-on-one consultation.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Read Mish’s latest article for CMC Markets, titled “What’s Next For Key Sectors After the Midterms“.

Mish explains why MarketGauge loves metals and is still patiently loading up equities on Business First AM.

Mish talks metals, rates, dollar, and which sector to buy/avoid in this appearance on UBS Trending.

See Mish talk with Charles Payne on Making Money about the Oil markets testing the limits of Fed policy, China, and what to buy in the metals.

ETF Summary

S&P 500 (SPY): 400 support and 404 resistance.Russell 2000 (IWM): 182 support and 188 resistance.Dow (DIA): 340 support and 346 resistance.Nasdaq (QQQ): 284 support and 288 resistance.KRE (Regional Banks): 62 support and 66 resistance.SMH (Semiconductors): 218 support and 225 resistance.IYT (Transportation): 225 support and 231 resistance.IBB (Biotechnology): 130 support and 137 resistance.XRT (Retail): 64 support and 68 resistance.

Keith Schneider

MarketGauge.com

Chief Executive Officer

Wade Dawson

MarketGauge.com

Portfolio Manager

The countdown is on people! We’re less than two days away from the BIGGEST sale of the year here at StockCharts.

For one day only this Cyber Monday, you can get up to 4 FREE MONTHS of StockCharts service when you sign up for a new account or renew your existing membership. That means savings of as much as $159.80 off our regular subscription pricing!

So here’s the deal: sign up or renew for 12 months and you’ll get an extra 4 MONTHS of service for free. Alternatively, you can sign up or renew for 6 months and you’ll get an extra 2 months of service for free.

As our longtime StockCharts members know, this is THE day to sign up. Whether you’re extending a current subscription or joining as a member for the very first time, you’ll lock in our absolute best pricing of the year – period.

If you’re an existing member…

You can renew your membership with our special Cyber Monday deal and the additional free months will be added to the end of your existing service. If your account is set to expire within the next 12 months (i.e. before the next Cyber Monday), you’ll save big by renewing now with the Cyber Monday deal. You can check your account’s expiration date by going to the Your Account page and looking for the date listed under “Renewal Cycle” on the Membership Details section.

If you’re not a StockCharts member…

This is the perfect time to sign up and unlock all of our premium tools at a discounted rate! You’ll get access to our most powerful features like saved chart storage, technical scanning, custom alerts, exclusive ACP plug-ins and more. Plus, you’ll be able to create bigger, better, more advanced charts without the restrictions of our free tools.

(oh, and by the way… you can even sign up for a free 1-month trial now before the sale hits on Monday and you’ll effectively get a bonus month on top of the Cyber Monday deal you choose!)

We’ll send out a reminder on the day of the sale and will make it easy to find on StockCharts too, but I highly recommend you mark your calendars now so that when Monday rolls around you’ll be ready to pounce. And when Monday does come around, you can click here to sign up for the Cyber Monday special!

We’ve got all the details for you

For a little more detail about how the special works and some guidance on whether or not it makes sense for your specific account, check out this week’s edition of “StockCharts In Focus”. We’ll tell you everything you need to know to catch the Cyber Monday sale on the 28th.

Check out the video below to watch now!

Chart on, my friends.

Grayson Roze

VP of Operations, StockCharts.com

Author, Trading For Dummies (Wiley, 2017)

Author, Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016)

Twitter: @GraysonRoze

On this week’s educational edition of Moxie Indicator Minutes, TG goes over his basic chart setups, the indicators he uses, and some basic principles that he implements in his trading.

This video was originally broadcast on November 25, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, iOS, Chromecast, Android and more!

New episodes of Moxie Indicator Minutes air Fridays at 12pm ET on StockCharts TV. Archived episodes of the show are available at this link.

I’m seeing more and more industry groups that have either broken out above August highs or on the verge of doing so. Meanwhile, I believe it’s important to focus on individual stocks within these improving groups for possible trading candidates. I prefer sticking with leading stocks in leading industry groups. Accordingly, check out the home improvements area ($DJUSHI), along with one leading stock in the space:

There are a number of technical positives on this chart, but I want to see the DJUSHI clear overhead price resistance just beneath 720 AND see LOW make its key breakout above 215. That combination would suggest higher prices and further relative outperformance ahead.

The next question might be, “well, what about Home Depot (HD)?” I use current relative strength to decide the likely relative performance in the weeks and months ahead. Wall Street has clearly decided that LOW is the better place to be – ever since the pandemic hit:

This LOW:HD relative chart shows that LOW bottomed relative to HD in March 2020. They’ve significantly outperformed ever since. Personally, I’d stick with LOW over HD – until this relative chart proves otherwise. The green arrow is my relative “line in the sand”. A break beneath this would suggest that I at least consider replacing LOW with HD. Until then, stick with the leader.

LOW was added to our Income Portfolio a week ago as it’s not only a leading stock in a leading industry group, but it also has a nice 1.96% dividend yield to add to any further capital appreciation. On Monday, I’ll feature another of my favorite stocks that I added to our portfolio lineup last week. I see significant potential ahead for this one. Simply CLICK HERE and join our growing FREE EB Digest newsletter and we’ll get that chart out to you on Monday.

Happy trading!

Tom