ChartWatchers

June 2023

ChartWatchers

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Is the Stock Market Overvalued? Here's How To Know

by Jayanthi Gopalakrishnan

The first half of 2023 is ending on a positive note—inflation was cooler than expected. But a few days ago, the market wasn't so optimistic. In an economic forum, Fed Chairman Jerome Powell suggested that two more interest rate hikes are likely this year... Read More 

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A Few Bitcoin Buy Targets (If You're Betting On a Thaw)

by Karl Montevirgen

Bitcoin has been on a strong but volatile uptrend over the last seven months since hitting multi-year lows in November... Read More 

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Homebuilder Stocks are Soaring, But Is It a Good Time to Buy?

by Karl Montevirgen

The May Housing Starts and Permits released this past Tuesday was quite eye-popping, despite riding the back of a disappointing market drop in the Dow, S&P, and Nasdaq. How so? If you think about it, mortgage rates are averaging a painful 7%+... Read More 

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How's the US Dollar Reacting to the Fed's Rate Hike Skip?

by Karl Montevirgen

Maybe you were expecting the dollar to fall a bit more dramatically (and for gold to rise) when, after the FOMC meeting yesterday, the Federal Reserve announced that it was holding interest rates steady for the first time after 10 consecutive hikes... Read More 

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Fed's Rate Pause: Does It Really Change the Big Picture?

by Jayanthi Gopalakrishnan

With CPI data coming in as expected and a cooler PPI, it's clear that inflation is heading in the right direction, with the exception of a few areas such as housing. Overall, the data seal an interest rate pause from the Federal Reserve... Read More 

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Unlocking Strong AI Investments: You Need To Analyze These ETFs

by Karl Montevirgen

Artificial intelligence (AI) stocks have become popular, almost fashionable... Read More 

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Is the Bull Market Back? Watch These Charts

by Jayanthi Gopalakrishnan

What a week the market had! At the start, things looked positive for the S&P 500 index ($SPX). The index finally broke above the 4200 level, the debt ceiling issue was resolved, and the probability of a Fed interest rate pause was relatively high... Read More 

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Ichimoku Cloud: Looking to the Past to Find Future Trades

by Karl Montevirgen

Note: For the sake of brevity, this article will take a bullish and long-only approach. If you're interested in going short, you can apply this information, but in reverse... Read More 

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The AI Boom That Catapulted Tech's Impressive Weekly Outperformance

by Karl Montevirgen

It's no surprise that the Technology sector was the most talked-about sector of the past several weeks. AI FOMO was everywhere on Wall Street as Nvidia (NVDA) and other AI stocks pulled ahead of their non-AI counterparts... Read More