Why do people use the 200 day moving average?

The real answer is because a lot of charting software packages the past few decades have set it as a default.

Have you noticed that the worst stocks on the planet stopped going down?

Chinese Internet bottomed in March. We're in August.

...

If there is one intermarket relationship that every stock market investor should be following, it's got to be the Discretionary vs Staples ratio.

Consumer Discretionary...

When the worst stocks on the planet can't go down any more, that's usually good information.

We saw a lot of Small-cap Growth, Arkk Funds, Biotech, Chinese Internet and...

Here's your chart of the day.

How can it not be?

It's the answer to the question: "What's...

A funny thing happened this Spring.

Inflation expectations peaked. Our equally-weighted Commodities Index peaked. And then the Copper/Gold ratio collapsed.

This to me is the big one.

The chart below is the one I'm watching the closest.

You guys have been hearing me pound the table...

I remember 2010-2011 like it was yesterday.

Precious metals were all the rage.

Silver miners were the meme stocks of their day....

There are many examples of important Indexes and Sector ETFs that are retesting key former highs, the 2018 peak in particular.

You can see it in Small-caps, Financials,...

Shares of Apple stock just went out at the highest levels in history relative to the S&P500.

This is what we refer to as "Relative Strength".

Over the weekend we saw the price of Ethereum jump to new 30 day highs.

Looking a little deeper, you'll find that both Binance and Avalanche also hit new 30 day highs....

If you've been following along over the years, you've heard me mention plenty of times that breadth thrusts tend to cluster together early on in market uptrends.

Well, a...

You can't overstate what a bully the Dollar has been towards stocks in the U.S. and around the world.

We've talked about new 20 year lows for Japanese Yen, and the recent...

In bear markets, you're going to find more stocks making new lows than new highs.

That's just basic math.

In bull markets, you'll...

The market has work to do.

We've been in a Bear Market since February of 2021 when stocks peaked. Since then it's been a slow deterioration ultimately hitting almost every...

When you look at as many charts as I do, you quickly start to notice when certain charts just don't look like most of the others.

Healthcare is one of those.

This might just be one of the most important charts in the entire world.

The resolution here is going to tell us a lot about the underlying trends for stocks.

We laid it out 2 weeks ago in our June mid-month...

The troubles don't stop coming for investors who were deceived into believing that gold was a hedge against inflation.

Gold is at the same price it was 2 years ago.

It would be irresponsible of me not to make Small-cap Value today's Chart of the Day.

I mean how can it not be?

(OK, Copper's...

A funny thing can happen when you don't have any exposure to Technology stocks....

And that's precisely what's taking place in the United Kingdom.

From the desk of Steve Strazza @Sstrazza

The US Dollar Index $DXY is ripping to its highest level in 20 years today.

We just covered this dollar strength and what it means in our Currency Report, which you can...

This one has to be the Chart of the Day.

We're looking at the outperformance of Square vs Paypal.