Lots going on in the markets lately with investor worries regarding the Fed, the upcoming earnings season, and covid variants continuing to cause a downside slide. Pete digs into the StockCharts scan engine to find names with bearish 50/200-Day Crossover. He then compares these name between the StockCharts site and the Chaikin Analytics site.
With a few more trading days left in the year, the fear in the news is spilling over into the markets and we can't seem to find Santa Claus. Pete searches for the positives this week using the StockCharts scan engine and compares the tickers he finds with the Chaikin Power Gauge.
Pete focuses on scans and screeners this week. Identifying trends using multiple pieces of information, a "weight of the evidence" approach, allows you to harness the power of technicals and fundamentals combined. Pete shares technical scans that can lead you down the path of good technical setup...
This week Pete takes a look at the equal-weighted S&P Semiconductor ETF (XSD) and explains why he's looking at it. Then Pete highlights a cool way that he finds names with signals showing they are oversold, and then some names showing the opposite signals on the downside.
