We’ve updated the ROC charts. NYSE ROC Chart NASDAQ ROC Chart Crypto ROC Charts NYSE ROC Chart The NYSE ROC chart has generated a buy signal after hesitating throughout much of 2025. Updates include: ROC Chart (See above) NYSE Weekly Composite Chart NYSE vs. NASDAQ Chart See: NYSE ROC Chart NASDAQ ROC Chart After outperforming […]
January 2026 ROC Charts Update Read More »
The stock market appears to be approaching an “inflection point.” Mr. Market is going to have to make up his mind… whether this is going to turn into a bullish or bearish market. At this point, it could still go either way, but the big caveat is that when it moves, the move will probably be dramatic. Looking at the following chart, we can see the two blue short-term support and resistance lines are forming a “pennant” formation. Generally, when that happens, it is like a spring being coiled up as the index gets compressed into the two lines. When it finally breaks free in one direction or the other, it is often explosive.
Big Move Coming in Stocks Read More »
Today Chris Ciovacco looks at both the bullish and bearish cases in an objective manner and tries to come to some insights. He looks at the psychology and expectations going into 2022-23. The high volatility, failed signals and market’s feedback mechanism, policy impact, FED impact, reasons to believe the worst may be over.
The Bullish and Bearish Cases in the Market Read More »
Today Chris Ciovacco of Ciovacco Capital Management looks at the market situation in light of the bank failures. First up is the Inverted Yield Curve. We can see that it originally inverted in July of last year, when short-term interest rates moved higher than long-term rates. From there it moved steadily lower before rebounding earlier this month. So although it is still inverted it is not anywhere near as bad as it was just a few weeks ago.
Stock Market Outlook – March 24, 2023 Read More »
It has been a long time since there has been any positive news for the stock market. In our January 12th, 2023, NYSE ROC report, we changed from a “Sell Signal” to a “Hold Signal” because of some positive indications in the market. Although the ROC has not yet switched to a “Buy”, we noticed a few positive indicators that could indicate either a bottom has been set or that we are in for a short-term rally. Some may call this “green shoots” in the market.
Has the Stock Market Turned Positive? Read More »
On the NYSE weekly chart. we can see that this year so far, the index has fallen from the peak at the long-term resistance line down to the mid-line (as we said it would). So as the headline suggests, we are now halfway to the worst-case scenario, i.e., all the way down to the long-term support line. Whether it gets that bad or not remains to be seen.
Half-Way to the Stock Market’s Worst Case Scenario Read More »
There is an old stock market saying that says, “don’t fight the FED” and that turns out to be pretty good advice. The FED can access trillions of dollars to influence the market direction.
Don’t Fight the FED Read More »
So far in 2022, the S&P 500 peaked at 4,818.62 on January 4th and reached a low of 3,674.84 on June 17th. That is a -1,143.78 point loss or -23.74% in 5 months. If that is the end of it, it will be considered a “mild correction”. Only 3 of the seven previous corrections lasted 5 months or less, while the other four lasted much longer.
How Low Can the S&P 500 Go? Read More »
Being able to enter and execute stock trades on a smartphone application is something we can easily take for granted these days, which is amazing simply because this was not even remotely possible a couple of decades ago. Technology has always been at the forefront of innovation in the financial markets; we can’t forget that the stock market we know today as the Nasdaq made its debut in 1971 as the first electronic trading platform open to ordinary investors. Prior to that, all transactions had to be cleared with a personal broker by means of a telephone call. And individual transaction fees were much higher. Prior to May 1, 1975 brokerage commissions were regulated by the government and actually kept artificially high. In those days, buying 100 shares of a blue-chip company could cost $100 or more in commissions.
How Is Technology Affecting Global Trading Markets Read More »
2020 was a big year for the online stock broker industry and 2021 may be an even bigger year. The initial public offerings of eToro and Robinhood will leave both companies flush with plenty of capital to capitalize on that growth. The COVID-19 pandemic resulted in a surge in demand for online stock brokers. Stock markets worldwide were in freefall during the early stages of the pandemic, and many new investors recognized an opportunity to buy shares of beaten-up companies via online brokerage companies. This was truly a global trend. While Robinhood dominated new account creations in the US and media headlines worldwide, other stockbrokers were competitive outside the USA.
Online Stockbrokers Going Public Read More »
