ChartWatchers

February 2024

ChartWatchers

Blog Article Title Image

Market In a "Wait and See" Mode: Awaiting Important Inflation Data

by Jayanthi Gopalakrishnan

This is a big week for economic data—durable goods, consumer confidence, GDP, and PCE. Durable goods fell in January, which didn't impact the stock market. Neither did the revised GDP number, which came in slightly lower... Read More 

ChartWatchers

Blog Article Title Image

Flip the Script: Defense as Your New Offensive Playbook

by Karl Montevirgen

Historical and seasonal performance data indicate that the Utilities and Consumer Staples sectors can be effective growth instruments, particularly in March... Read More 

ChartWatchers

Blog Article Title Image

Is Energy About to Undergo a Strong Seasonal Sector Surge?

by Karl Montevirgen

When we think about sector rotation, we think about fundamentally-based forecasts linked to the stages of the economic cycle (i.e. business cycle)... Read More 

ChartWatchers

Blog Article Title Image

S&P 500's Sensational Rally Keeps On Going Thanks to NVDA — What You Need to Watch

by Jayanthi Gopalakrishnan

Well, Nvidia did it! A stellar earnings report from NVDA brought back optimism in the stock market. When a stock rises around 15% (for NVDA, that's about a $100 rise in its price), it's an indication that investors still have tons of optimism... Read More 

ChartWatchers

Blog Article Title Image

How To Buy Meta at a Bargain: An Options Strategy You Need to Know

by Jayanthi Gopalakrishnan

Meta Platforms, Inc. (META) is one of the top S&P 500 performers this year. You probably want to own some shares of it—but not at that $485 price tag... Read More 

ChartWatchers

Blog Article Title Image

S&P 500, Dow Jones Hit All-Time Highs Again; Tech Stocks Back in the Spotlight

by Jayanthi Gopalakrishnan

What a week! Mega-cap tech stocks, the Fed meeting, and January's nonfarm payrolls made headlines this week, creating an exhilarating week for investors. Friday's stock market price action was an unexpected, but optimistic end to the trading week... Read More 

ChartWatchers

Blog Article Title Image

S&P 500 Falls, Nears First Support Level -- How Much Lower Can It Go?

by Jayanthi Gopalakrishnan

Will the Fed cut interest rates at their March meeting? Investors were looking for an answer from Fed Chairman Jerome Powell when he took the podium today. Alas, Powell was noncommittal to that, which wasn't what the stock market wanted to hear... Read More