As we have discussed many times, financial markets are fractal. Different timeframes produce similar price structures. This is a very valuable phenomena for the study and practice of trading. When…
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I’ve been around long enough to remember when Intel (INTC) was the NVIDIA of the day. Now, INTC is under severe pressure, having suspended its dividend, and is currently being…
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In this StockCharts TV video, Mary Ellen reviews the current downtrend taking place in the S&P 500 and Nasdaq, and highlights the “uninverting” yield curve. She finishes with a deep dive…
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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…
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We are always on the lookout for chart patterns. Recently, we’ve found a bearish head-and-shoulders developing on Semiconductors (SMH). Looking at the daily chart below, we can see the pattern…
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This week, the market appeared to shift dramatically from “stalling out at all-time highs” to more of a “big time risk-off selloff move” kind of situation. The warning signs were building…
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Politics
Senate GOP campaign chair ‘concerned’ over fundraising disparity but predicts who will win majority
by adminLAS VEGAS Sen. Steve Daines of Montana, the chair of the Senate Republicans’ campaign committee, is making his pitch to top dollar donors and influential conservative activists in order to remedy…
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Tuesday, Nov. 5, is Election Day – but if Americans vote like they did in the last two election cycles, most of them will have already cast a ballot before…
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Politics
Experts warn Iran could have a nuclear bomb before the next president takes office
by adminIran is closer to becoming a nuclear-armed power than much of the world realizes, according to a nonpartisan research group’s new report. The Foundation for Defense of Democracies (FDD) claims…
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Vice President Kamala Harris is running behind President Biden’s 2020 numbers among several demographic groups, a gap that could loom large in what increasingly appears to be a razor’s-edge election.…