ChartWatchers September 30, 2024 at 06:28 PM
September, typically considered to be the weakest month for stocks, didn't turn out that way in 2024. We had a winning month—the S&P 500 eked out a higher close, and the S&P 500 ($SPX), Dow Jones Industrial Average ($INDU), and Nasdaq Composite ($COMPQ) had a positive quarter... Read More
ChartWatchers September 27, 2024 at 06:17 PM
There's one trading day left for the month of September. Unless something drastic happens over the weekend, the stock market looks like it has bucked the September seasonality pattern of being the worst trading month for equities... Read More
ChartWatchers September 26, 2024 at 06:43 PM
China's injection of additional fiscal stimulus into its economy injected more optimism into equity markets. This sent share prices of Chinese stocks exploding to the upside once again... Read More
ChartWatchers September 25, 2024 at 07:17 PM
Tuesday's news from China pushed stocks, commodities, and crypto prices higher. China's central bank, the People's Bank of China (PBOC), took steps to revive its economy and increase consumer demand... Read More
ChartWatchers September 20, 2024 at 06:33 PM
The Federal Reserve's interest rate cut decision on Wednesday was like receiving a gift from a wish list. When the rate cut was announced, the market initially rose, acting surprised by the decision. But the excitement fizzled off as the market closed lower on that day... Read More
ChartWatchers September 19, 2024 at 06:41 PM
On August 5, we featured Carvana (CVNA), which at the time took the top StockCharts Technical Rank (SCTR) spot for the Large Cap Top 10. The stock has pulled back since then, but is now gaining traction... Read More
ChartWatchers September 18, 2024 at 08:26 PM
The stock market received what it expected from the Federal Reserve—a 50 basis point interest rate cut. Stocks rose initially, but the broader stock indexes—Dow Jones Industrial Average ($INDU), S&P 500 ($SPX), and Nasdaq Composite ($COMPQ)—closed lower... Read More
ChartWatchers September 17, 2024 at 06:45 PM
The broader stock market indexes are still in a holding pattern as investors await the Fed's decision on Wednesday. Tuesday's price action was a little like a "Whac-a-Mole" game for the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ)... Read More
ChartWatchers September 13, 2024 at 05:29 PM
This week's stock market action may have caught many investors by surprise. After last week's massive selloff, this week's turnaround reignited investor enthusiasm in equities... Read More
ChartWatchers September 11, 2024 at 06:35 PM
It was a massive turnaround day in the market on Wednesday—stocks sold off after the Consumer Price Index (CPI) data was released, but, after a couple of hours, rallied back to make up the losses and continue higher. The broader stock market indexes closed higher... Read More
ChartWatchers September 10, 2024 at 06:37 PM
The Real Estate sector took the lead in Tuesday's trading, probably because interest rate cuts are approaching. Technology and Consumer Discretionary took second and third place, respectively... Read More
ChartWatchers September 06, 2024 at 05:56 PM
After a week of wavering action, the stock market made a directional move—a lot lower—after Friday's jobs data. Investors are concerned about the economy, and the narrative has switched from inflation worries to thinking that perhaps the Fed is too late in cutting rates... Read More
ChartWatchers September 06, 2024 at 04:16 PM
On Thursday afternoon, I dove into the StockChartsTechnicalRank (SCTR) Reports to scout out a good ETF during a mixed market (Dow and S&P 500 were down, Nasdaq was up)... Read More
ChartWatchers September 03, 2024 at 07:55 PM
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... Read More
