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Sun, May 19th, 2024
Nasdaq Market Has Perfect Bullish Historical Pattern – Don't Sell in May!

"Sell in May and come back after Labor Day" is a well-known adage in the stock market that suggests investors should sell their stock holdings in May and return to the market after Labor Day in September....

NQM24 : 18,635.25s (-0.08%)
NMM24 : 18,635.25s (-0.08%)
QQQ : 451.76 (-0.05%)
Japanese Stocks Post Record Dividends & Buybacks: How to Play It

More than half of Japan's largest companies have announced plans to raise their dividends in the current fiscal year. The announcement of share buybacks is also at an all-time high, as firms announced...

$TOPX : 2,745.62 (+0.30%)
GS : 467.72 (+0.69%)
MUFG : 10.03 (+2.77%)
SMFG : 12.53 (+4.24%)
MFG : 4.06 (+2.78%)
NMR : 5.91 (+0.17%)
SONY : 83.75 (+0.43%)
APO : 113.08 (+0.31%)
PARA : 12.02 (-4.91%)
$NKY : 38,787.38 (-0.34%)
DXJ : 108.87 (+0.72%)
Stocks Settle Mixed as Indexes Consolidate Below Record Highs

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.06%. US stock indexes...

$SPX : 5,303.27 (+0.12%)
SPY : 529.45 (+0.14%)
$DOWI : 40,003.59 (+0.34%)
DIA : 399.95 (+0.33%)
$IUXX : 18,546.23 (-0.06%)
QQQ : 451.76 (-0.05%)
ZNM24 : 109-060s (-0.27%)
FCX : 54.23 (+4.21%)
CB : 274.28 (+3.55%)
DD : 79.91 (+3.02%)
DOCS : 28.03 (+18.07%)
RDDT : 62.04 (+10.04%)
Who's Foolin' Who

Corn and Wheat price rallies reverse while inflation remains disappointingly stable.

Bonds and QT: Did the Fed Send a Signal?

Quantitative tightening is the Fed’s process of reducing its balance sheet. After purchasing debt securities during and after the 2020 global pandemic, the U.S. central bank has allowed those purchases...

ZBM24 : 117-10s (-0.50%)
TLT : 91.39 (-0.67%)
Stock Indexes Mixed as They Consolidate Below Record Highs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. US stock indexes today are...

$SPX : 5,303.27 (+0.12%)
SPY : 529.45 (+0.14%)
$DOWI : 40,003.59 (+0.34%)
DIA : 399.95 (+0.33%)
$IUXX : 18,546.23 (-0.06%)
QQQ : 451.76 (-0.05%)
ZNM24 : 109-060s (-0.27%)
TTWO : 147.84 (+1.20%)
AMD : 164.47 (+1.14%)
DD : 79.91 (+3.02%)
FCX : 54.23 (+4.21%)
DOCS : 28.03 (+18.07%)
TLT Is Bouncing From Key Support As Expected

TLT Is Bouncing From Key Support after we noticed and A-B-C corrective decline from technical point of view and by Elliott wave theory.

Stocks Undercut by Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.02%. US stock indexes today are mixed....

$SPX : 5,303.27 (+0.12%)
SPY : 529.45 (+0.14%)
$DOWI : 40,003.59 (+0.34%)
DIA : 399.95 (+0.33%)
$IUXX : 18,546.23 (-0.06%)
QQQ : 451.76 (-0.05%)
ZNM24 : 109-060s (-0.27%)
TTWO : 147.84 (+1.20%)
CME : 213.14 (+0.19%)
DD : 79.91 (+3.02%)
DOCS : 28.03 (+18.07%)
RDDT : 62.04 (+10.04%)
Stocks Fall Back on Concern Interest Rates to Stay Higher for Longer

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.21%. US stock...

$SPX : 5,303.27 (+0.12%)
SPY : 529.45 (+0.14%)
$DOWI : 40,003.59 (+0.34%)
DIA : 399.95 (+0.33%)
$IUXX : 18,546.23 (-0.06%)
QQQ : 451.76 (-0.05%)
ZNM24 : 109-060s (-0.27%)
DE : 397.02 (+0.66%)
CSCO : 48.17 (-0.35%)
DHI : 151.50 (+0.35%)
BLDR : 167.05 (+1.00%)
LEN : 165.88 (+0.41%)
How is the Dollar Index Declining Even Though it is Slightly Higher?

The dollar index has edged higher from the level in late February 2024. However, other markets are screaming the dollar index is losing value even though it has posted a slight gain.

$DXY : 104.49 (-0.01%)
GCM24 : 2,417.4s (+1.34%)
UUP : 28.56 (unch)
UDN : 18.07 (-0.03%)

Tweets @Barchart

Barchart
@Barchart
Over the last 5 years, investing in the Nasdaq $QQQ would have generated a return of 158%. Investing in Cathie Wood's Ark Invest $ARKK would have brought home gains of 9%. https://t.co/wAN8DaUwlT
Barchart
@Barchart
If you’re looking for a guru to listen to, make it Peter Lynch https://t.co/mOhKn9z6jq
Barchart
@Barchart
Will the S&P 500 hit 6,000 this year?
Barchart
@Barchart
Options Trading 101 😂 https://t.co/B1Hvg6SBkb
Barchart
@Barchart
Utility Stocks just saw their largest weekly inflow since November 2022 https://t.co/vwhcRrxGOK
Barchart
@Barchart
Are Gold and Silver about to moon? Barchart’s John Rowland was interviewed by Ron from @BasementRon to get his thoughts. https://t.co/aj9JondVnX
Barchart
@Barchart
Barchart
@Barchart
30-year bonds have declined 45% since April 2020, the largest 4-year loss in over a century 🚨 https://t.co/ioemywYv74
Barchart
@Barchart
Ethereum $ETH has fallen to its lowest valuation against Bitcoin $BTC in more than 3 years. This is one ugly chart! https://t.co/Nfo6fGPGJ3

Chart of the Day

Abercrombie & Fitch Company (ANF)

The Chart of the Day belongs to casual apparel company Abercrombie & Fitch (ANF) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the...
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