Yesterday we discussed the improvement in Small-cap stocks and why it favors the bull case for US Equities. Another bullish technical development that deserves some attention here is the breakout in Semiconductor stocks. Semiconductors are found in almost anything tech-related. Therefore, they serve as a good leading indicator for the Technology sector, as well as […]
This Market May Have More Legs – 3 Charts from Ari Wald
Ari Wald, Head of Technical Analysis at Oppenheimer, was on Bloomberg’s ‘Smart Charts’ segment with Abigail Doolittle yesterday discussing his current thoughts on the overall market and an individual large cap he is bullish on. The Chart Report previously covered a February appearance by Ari on Smart Charts here and a March Fast Money appearance […]
Does the Golden Cross Really Matter?
Well, it’s that time again. We knew this day would eventually arrive. We also knew that when it did arrive, there would be a plethora of reactions on both sides of the aisle. Today the Dow Jones Industrial Average ($DJIA) saw a “Golden Cross”, which occurs when the 50-day MA crosses above the 200-day MA, two closely-followed […]
FANG Still Alive But No Longer Leading the Pack
Oppenheimer’s Ari Wald appeared on CNBC’s Fast Money last night to discuss the market’s strong internals and what they might mean for some of your favorite “FANG” stocks. “We think the emphasis should be on the big picture recovery that is taking place because of the very strong internal breadth readings were seeing” Ari used […]
Ari Wald: Undercover Participation Leading the Market Recovery
Ari Wald, Head of Technical Analysis at Oppenheimer, was on Bloomberg’s ‘Smart Charts’ segment with Abigail Doolittle Wednesday afternoon discussing 3 key chart topics that indicate a positive sign for the markets, domestic and international, going forward. While there is still more work to do and resistance levels to get through, Ari believes investors need […]