Welcome to The Mindful Investor

It is with great pleasure that I welcome you to my new blog on StockCharts.com entitled The Mindful Investor.  I have been a StockCharts.com user for years but have become even more impressed as I’ve gotten to know the great people behind this website.  I’m honored to be a part of StockCharts.com and look forward to many good things in the coming years. The idea for this blog came from my presentation at ChartCon 2018, where I presented a session called “The Mindless Investor and the Mindful Investor.”  During a particularly stressful period in my life, I was introduced to mindfulness meditation and things suddenly started to make more sense.  As I incorporated mindful practices into my life, I was able to better focus on my surroundings and approach situations with a greater sense of calm and purpose. The more I learned about
Continue reading "Welcome to The Mindful Investor"

Canadian Healthcare and Financial Services winning over Energy

While browsing through some pre-populated RRGs on the site I stumbled upon the chart holding Canadian sectors.

What immediately triggered me was the sharp move of the Healthcare sector into the leading quadrant at almost 45 degrees which means that the sector is moving higher on both axes which is a strong sign. < p class"entry-more-link">Continue reading "Canadian Healthcare and Financial Services winning over Energy" »

Traders Are High On Cannabis Stocks, But Life Insurance Is the Safer Bet

Market Recap for Wednesday, September 19, 2018

The biggest news stories technically-speaking yesterday were the breakout in financials (XLF, +1.70%) and the rising 10 year treasury yield ($TNX), which closed at 3.08% and is just 3 basis points from testing a 7 year high.  But September 19, 2018 will likely be remembered more for the wild trading day for cannabis stocks.  One of the most visible, Tilray (TLRY), went on a ride that would have impressed any amusement park enthusiast.  TLRY's CEO Brendan Kennedy joined Jim Cramer on CNBC's Mad Money Tuesday evening and suggested that his business should be appealing to every major pharmaceutical company as a "smart hedge".  Cannabis stocks had already enjoyed a crazy ride higher since the beginning of August and it was topped off yesterday with individual stock gains rarely seen on Wall Street.  TLRY finished the day up 38.12%, but earlier in Continue reading "Traders Are High On Cannabis Stocks, But Life Insurance Is the Safer Bet"

Materials Sector Heats Up, Watching SOXX and Two Stocks

Small-cap Materials Take the Lead. An Abandoned Hammer in SOXX. FireEye, the Big Base and Volume. Arista Hits Support and Oversold Zone. ... Small-cap Materials Take the Lead ... There are nine small-caps sectors and the SmallCap Materials ETF (PSCM) is taking the lead. First, it is the only one of the nine small-cap sectors to hit a new high on Wednesday. Second, it is up

9/19 MWL Recap: Guest David Keller, "The Mindful Investor" – Are You Buying This?

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. The show runs throughout the day on StockCharts TV or you can find the latest episode on the YouTube StockCharts channel here. Information abounds in our Monday through Friday 12:00p - 1:30p shows, but the MWL Blog will give you summary slides and time stamps for viewing later. Be sure and check out the MarketWatchers LIVE ChartList for the 10 in 10 charts.  Your comments, questions and suggestions are welcome. Our Twitter handle is @MktWatchersLIVE, email is marketwatchers@stockcharts.com and come "like" our MarketWatchers LIVE Facebook page. Don't forget to sign up for notifications at the end of this blog entry by filling in your email address.  < p class"entry-more-link">Continue reading Continue reading "9/19 MWL Recap: Guest David Keller, "The Mindful Investor" – Are You Buying This?"

Dollar Index Is On A Knife Edge

Long-term dollar technical position Short-term picture bearish outcome Short-term picture bullish outcome Euro Yen Swiss franc Long-term dollar technical position I have been primary trend bullish on the dollar for several months. That opinion still stands because the Dollar Index is well above its 12-month MA and its long-term KST is positive. The

FOUR-MONTH HIGH IN THE 10-YEAR TREASURY YIELD HELPS FINANCIAL SPDR BREAK OUT TO THE UPSIDE — BUT MAKES UTILITIES THE DAY’S WEAKEST SECTOR

RISING BOND YIELDS HELP FINANCIALS, BUT HURT UTILITIES... This morning's message suggested that this week's upside breakout in bond yields was helping financial stocks which were the day's strongest sector. The green bars on top of Chart 1 show the 10-Year Treasury yield surging to the highest level in four months and nearing a test of its May high. An upside breakout...

Rising Treasury Yields Portend Much Higher S&P 500, But Short-Term….

Market Recap for Tuesday, September 18, 2018

It was a solid day on Wall Street.  One day after seeing weakness in key areas like technology, consumer discretionary and tranportation stocks and the increasing historical likelihood of further downside action, stocks rebounded....in a big way.  Leading the charge were our aggressive sectors - consumer discretionary (XLY, +1.27%), industrials (XLI, +0.91%), and technology (XLK, +0.64%).  Energy (XLE, +0.66%) also had a strong session, but failed at short-term price resistance:

< p class"entry-more-link">Continue reading "Rising Treasury Yields Portend Much Higher S&P 500, But Short-Term...." »

Will Rising Yields Boost the Finance Sector?

2-yr Treasury Yield Hits 10-yr High. The Mother of All Double Bottoms. Financials SPDR Extends Stall. Leaders and Laggards in Finance. Stocks to Watch: WMT, TRN and GILD. ...Big Moves in Treasury Yields ...Treasury yields moved sharply higher the last few weeks with the 2-yr T-Yield ($UST2Y) and the 5-yr T-Yield ($UST5Y) hitting their highest levels since 2008. The 10-yr

deFANG’d?

In June we studied the First Trust Dow Jones Internet Index Fund (FDN). This ETF is our proxy index for the FANG stocks. At that time FDN had accelerated into an overbought condition by throwing over its trend channel. Almost immediately weakness set in and FDN tumbled to the lower trendline. The rush of FDN into the June Buying Climax (BCLX) had the appearance of institutions crowding their buying into quarter-end, late in the uptrend. The decline that followed was significant and was labeled an Automatic Reaction (AR). As Wyckoffians when we observe such market action, a ‘Change of Character’ (CHoCH) in trading is expected. In this case the CHoCH was from a trending phase to a trading range. Take some time now and review ‘A Mid-Year Look at FANG Stocks’ (click here for a link).

< p class"entry-more-link">Continue reading "deFANG'd?" »

Disney Hits Potential Reversal Zone

Disney hit a new high in early August and pulled back into September. The stock is part of a strong sector, consumer discretionary, and this pullback reached a potential reversal area. First and foremost, the long-term trend is up because the stock formed a higher low from October to April and a higher high from January to August. The August high was also a 52-week high and the 50-day EMA is above the 200-day EMA. After hitting a new high, the stock retraced around 61.8% of the prior decline with a decline back to the 109 area. This retracement amount is normal for a correction within a bigger uptrend. It also fits with a two-steps forward and one-step backward sequence that results in a zigzag higher. In addition to the Fibonacci retracement, this area could mark a reversal zone for two more reasons. First, broken resistance turns support in Continue reading "Disney Hits Potential Reversal Zone"

20-Year Bonds ETF (TLT) is "Officially" in a Bear Market

I've been trumpeting the bearish horn on TLT for some time, but today marked a series of unfortunate events for TLT. Just last week we saw a new IT Trend Model Neutral signal and today, we got the LT Trend Model SELL signal. Add to that the execution of a serious double-top and an IT PMO SELL signal lined up for Friday on the weekly chart and you have a recipe for a long deep decline.

< p class"entry-more-link">Continue reading "20-Year Bonds ETF (TLT) is "Officially" in a Bear Market" »

9/18 MWL Recap: "Step-By-Step Scanning and Alerts" with Erin – Inside the Lines

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. The show runs throughout the day on StockCharts TV or you can find the latest episode on the YouTube StockCharts channel here. Information abounds in our Monday through Friday 12:00p - 1:30p shows, but the MWL Blog will give you summary slides and time stamps for viewing later. Be sure and check out the MarketWatchers LIVE ChartList for the 10 in 10 charts.  Your comments, questions and suggestions are welcome. Our Twitter handle is @MktWatchersLIVE, email is marketwatchers@stockcharts.com and come "like" our MarketWatchers LIVE Facebook page. Don't forget to sign up for notifications at the end of this blog entry by filling in your email address.  < p class"entry-more-link">Continue reading Continue reading "9/18 MWL Recap: "Step-By-Step Scanning and Alerts" with Erin – Inside the Lines"

TEN-YEAR TREASURY YIELD EXCEEDS 3% — WHILE BOND PRICES ARE DROPPING

TEN-YEAR TREASURY YIELD REACHES FOUR-MONTH HIGH ... Chart 1 shows the 10-Year Treasury Yield ($TNX) rising above its twin summer peaks near 3.00% and reaching the highest level in four months. That upside move breaks the TNX out of the three-month sideways pattern that it had been trading in; and may be setting the stage for a retest of its May peak. That would be a

Technology Is Teetering; How Much More Selling Is Healthy?

Market Recap for Monday, September 17, 2018

Selling in technology (XLK, -1.25%) and consumer discretionary (XLY, -1.24%) resulted in losses across our major indices on Monday.  The NASDAQ, understandably, felt the brunt of the selling as this tech-laden index dropped 1.43%.  The Russell 2000 ($RUT) suffered the most technical damage, shedding more than 1% to close beneath its recent breakout level:

< p class"entry-more-link">Continue reading "Technology Is Teetering; How Much More Selling Is Healthy?" »

Technology Is Teetering; How Much More Selling Is Healthy?

Market Recap for Monday, September 17, 2018

Selling in technology (XLK, -1.25%) and consumer discretionary (XLY, -1.24%) resulted in losses across our major indices on Monday.  The NASDAQ, understandably, felt the brunt of the selling as this tech-laden index dropped 1.43%.  The Russell 2000 ($RUT) suffered the most technical damage, shedding more than 1% to close beneath its recent breakout level:

< p class"entry-more-link">Continue reading "Technology Is Teetering; How Much More Selling Is Healthy?" »

Technology Is Teetering; How Much More Selling Is Healthy?

Market Recap for Monday, September 17, 2018

Selling in technology (XLK, -1.25%) and consumer discretionary (XLY, -1.24%) resulted in losses across our major indices on Monday.  The NASDAQ, understandably, felt the brunt of the selling as this tech-laden index dropped 1.43%.  The Russell 2000 ($RUT) suffered the most technical damage, shedding more than 1% to close beneath its recent breakout level:

< p class"entry-more-link">Continue reading "Technology Is Teetering; How Much More Selling Is Healthy?" »

Technology Is Teetering; How Much More Selling Is Healthy?

Market Recap for Monday, September 17, 2018

Selling in technology (XLK, -1.25%) and consumer discretionary (XLY, -1.24%) resulted in losses across our major indices on Monday.  The NASDAQ, understandably, felt the brunt of the selling as this tech-laden index dropped 1.43%.  The Russell 2000 ($RUT) suffered the most technical damage, shedding more than 1% to close beneath its recent breakout level:

< p class"entry-more-link">Continue reading "Technology Is Teetering; How Much More Selling Is Healthy?" »