In this video, Mary Ellen analyzes the divergence between the S&P 500 and the Nasdaq while highlighting some of the areas driving Growth stocks. She also talks about the continuation rally in Energy and Utility stocks and shares which stocks are driving these areas higher. This video originally premiered January…
The Russell 2000 ETF managed a double-digit gain in 2024, but did it the hard way with several deep pullbacks. Pullbacks within uptrends are opportunities and we can find such opportunities using %B. The chart below shows the Russell 2000 ETF (IWM) with the Zigzag(8) indicator. This indicator changes direction…
The heinous act of terror in New Orleans early on New Year’s Day underscores the Biden administration’s staggering failure to keep America safe and deter radical Islamic terror. By allowing focus on this persistent threat to America’s national security to lapse, and instead wasting time and resources attacking political opponents,…
Speaker Mike Johnson, R-La., told Republican lawmakers on Saturday that President-elect Trump supports a conservative policy overhaul via a single large bill, three sources told Fox News Digital. Trump wants both the House and Senate to have such a bill on his desk by May, the sources said. The president-elect’s…
President-elect Trump announced his latest staff picks on Saturday night, naming four additional people to serve in the White House in administrative and advisory capacities. Trump, who takes office in less than three weeks, began by naming Stanley E. Woodward, Jr., to serve as an assistant to the president and…
There are a number of effective swing trading systems being used today. Let’s explore one that is popular among Wyckoffians. It uses two inputs: Point and Figure charts and volume. Let’s review this system with a case study of Charles Schwab Corp. (SCHW). As markets are fractal, Accumulation and Distribution…
The Santa Claus Rally may be iffy, but a 23.31% gain in the S&P 500 ($SPX) for the year isn’t too shabby. It was a stellar year in the stock market, especially for the top 10 weighted stocks in the S&P 500, and that’s worth making a toast as we…
HAPPY NEW YEAR!!! Ever since the introduction of RRG back in 2011, many people have asked me questions like: “What is the track record for RRG” or “What are the trading rules for RRG”? My answers have always been, and will continue to be, “There is no track record for…
We monitor the weekly SPY chart and present it to our subscribers every Friday in our DP Weekly Wrap. We have been watching a bearish rising wedge on the weekly chart. The rising wedge pattern implies that you will get a breakdown from the rising bottoms trendline. That is exactly…
As digital payments and fintech services continue to reshape the global economy, Block, Inc. (SQ) stands out as a potential beneficiary of this shift. A favorable technical signal and an attractive fundamental backdrop present a compelling bullish thesis for SQ. In this article, we will explore the reasons behind this…