Chart My Stocks

05/25/2026

Mixed signals given with the DOW making a new all-time high (confirming the bull market) but the dichotomy with the NASDAQ (which favors the former), leaves questions regarding the bull market, as being doubtful.
DOW Friday Closing Price - 50579
SPX Friday Closing Price - 7473
NASDAQ Friday Closing Price - 29481
RUT Friday Closing Price - 2869

The bull market was confirmed this past week when the DOW joined the fray, having made a new all-time intraweek, daily and weekly closing high, thus joining the other indexes that made those highs several weeks ago. Nonetheless, one problem continues to loom over the market and that is that approximately only 10-20% of the broad US market sectors (excluding AI and mega-cap tech) are currently hitting new all-time highs. Non-AI sectors driving the broader market include Industrials, Financials, and Energy. Roughly 30% of industries remain at significantly depressed or low price levels, primarily comprising real estate, select consumer staples, and import-vulnerable materials that continue to trade at notable discounts. In addition, the indexes remain severely overbought and though the new all-time highs do mean that a downtrend is not presently on the horizon, a correction to this rally remains probable.

The indexes did close out the week near the highs of the week, suggesting further upside above last week's highs (DOW at 50830, SPX at 7506, NASDAQ at 29663, and RUT above 2878) will be seen this week.

As far as reports that are due out this week, on Tuesday the Consumer Confidence report comes out and is expected to be 91.5. Last month it came out at 92.8 and that means that if it comes out as expected, traders are slightly more pessimistic about the economy than they were before. Key levels on this report are 100 and 80, with the former showing further growth to come and the latter showing recession is due to come. On Thursday, PCE inflation number is due out and is expected to be 5%. Last month it came out at 7%, meaning that if it comes out as expected, it would more likely help the bulls than the bears. A number higher than 7% would be a negative.

As such, it is unlikely that any of the reports this week will be catalytic, so it is back to momentum and to how much the overbought condition will affect the market. It is important to note that this past week, NVDA reported slightly-better-than-expected earnings numbers, but the stock fell 2% in value after the report came out. That does suggest that some form of pullback is the likely scenario for the end of this week.

Here are the chart levels to watch for this week. In the NASDAQ, the all-time intraweek high is at 29678 and the index closed on Friday at 29481. If the bulls fail to make a new all-time intraweek high and then a drop below 29149 (200 10-minute MA) occurs, it would be likely that a correction has begun. Same thing with the SPX with the all-time intraweek high being at 7517 and last week's high being 7506. The 200 10-minute MA is currently at 7415. Even if these 2 indexes do make a new all-time high, if they do close red at the end of the week, then a negative reversal week will have occurred, Under either option, the 200 10-minute MA's will tell the story.

The DOW is highly likely to make a new all-time high but the 200 10-minute MA, currently at 49914, also will be important. In addition, if the DOW continues to outperform the NASDAQ, as it did the past 2 weeks, it will be a slight negative.

To all of this, the war with Iran and the price of Oil continue to play a pivotal part. Here on Sunday, Trump announced that a deal had been struck with Iran to end the war, but Iran has negated the news. Oil generated a negative reversal week, which did help the index market. Oil closed at 96.60 on Friday. A confirmed daily close below 94.74 would be a positive for the index bulls. Once again, the outlook for the market is unclear, given that it is based on a lot of yet undecided scenarios.

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05/21/2026

My newsletter for this past week:

DOW Friday Closing Price - 49609 SPX Friday Closing Price - 7398 NASDAQ Friday Closing Price- 29234 RUT Friday Closing Price - 2861

12/31/2025

This is a stock you should consider buying now.

I have been holding ZLAB for many years as I have bought into their story of future prospects. Keep in mind that this stock in January 2021 got up to 193.54 and is now trading at 17.00 (and 86.8% drop in price).

I am deep in the red with the stock as I am averaged long around the $54 level and have quite a few shares. Over the past 11 weeks, it has gone down on 10 of those weeks and has dropped 51% in value. One would think that this company is in deep problems but that just isn't the case.

I really do not know why there has been so much selling interest and so little buying interest but chart-wise, the stock is nearing a chart level that if broken would be a game changer (as far as chart support levels are concerned. That level is 16.20 and today's low has been 16.82. This means (from a chart point of view) that the risk factor on buying this stock here is minimal.

Having said that, I believe there are 13 rating companies following this stock and 12 of them have it as a buy and most of those as a strong buy. The 1 other company has it as a hold.

Nonetheless and for supporting this post, I just saw an article that came out 1-day ago that you should all read. I found the article in the Yahoo Finance section, and it gives a clear picture of what is happening, from a fundamental basis. Read it! You just might be getting involved in a great trade.

If you are wondering whether Zai Lab at around $17.77 is a beaten down bargain or a value trap, you are in the right place to unpack what the market is really pricing in. The stock has slid sharply, down 6.7% over the last week, 18.3% over the last month, and a striking 86.2% over five years, which....

12/31/2025

Bulls were successful in stretching out their control, at least as far as the first month of the new year!

DOW Friday Closing Price - 48710
SPX Friday Closing Price - 6929
NASDAQ Friday Closing Price - 25644
RUT Friday Closing Price - 2539

The bulls have won the show for the year, given that the economic reports have shown continued and positive economic growth. For the past 48 months (Trump's presidency), the DOW has rallied 8.8%, the SPX has rallied 12%, the NASDAQ has rallied 15.1% and the RUT has rallied 9%. On the negative side of it all, Gold has rallied 39% and the Dollar has dropped 8.8% in value, meaning that things are not all that positive. Fears of inflation rule over the market and the weakness in the Dollar (versus the EURO that has rallied 12% over this same time frame) also shows that confidence in the U.S. (as the strongest nation economically) has dropped world-wide.

This week is the beginning of the new year (2026) and though the bulls did make a statement this past week with the SPX making new all-time highs across the board, it is clearly-evident that the confidence in this continuing, is not there.

Seasonally, January is an up month and with the new all-time highs made by the SPX, it is evident that for the new high to be seen as a top (short-term or otherwise), a successful retest of the new high will need to be made before the index heads lower (unless some negative catalytic news comes out - unlikely). In addition, the index will be closing out the year, the month, and the week near the high of each, suggesting that further upside in all is likely to be seen in January. This all suggests that January is not likely to see any highly indicative selling interest. Having said that, February has been a down month on many different occasions and given what is happening, I do expect February to be a down month and perhaps of consequence.

Having said all of the above, here are the chart levels to look at. The key index will continue to be the SPX and in that index, it is likely that last week's high (which was also the monthly/yearly high) at 6945 will be broken not only at the beginning of the week but also at the beginning of the month (either on Friday or the week after). It is interesting to note something that came out from J.P. Morgan a few weeks ago that explains what is happening better than I can. The statement was: "One of the biggest contrasts this year has been the widening gap between Main Street and Wall Street. Wage growth has cooled (the Atlanta Federal Reserve's tracker is around 4% lately), sentiment has slid (the Michigan Consumer Sentiment Index is at 53.6 in October, down from 70.5 a year ago), while S&P 500 earnings and margins have marched higher (blended net margin is about 12.9% in Q3, above the five-year average). Hence the cliché: Markets are not the economy". Upside target (according to many economists) is between 7100 and 7500 and it is certainly possible that the lower number could be seen in January.

The DOW and the NASDAQ also will be closing on (or near) the high for the year/month, suggesting that they too will be going above those highs in January. In the DOW that will be above 48886 (both yearly and monthly the same level) and in the NAZ that will be above 26182 and 25882. The NASDAQ though, could go above last month's high but not above last year's high, and given that yearly charts are rarely used by chartists/computers/algorithms, it could be indicative given that normally the NASDAQ is the leader in a bull market. As such, the 26132 level does have some indicative meaning, especially if it goes above 25882, fails to break above 26132 and then in February goes below January's low (whatever that may be). Such action would likely be indicative of whether a top is found to the uptrend or whether it is a temporary top to the rally.

For the sake of information (but not likely to occur in January unless some fundamental negative catalyst occurs), here are the chart levels of support which is broken in January would be a short-term game changer to the outlook stated above. In the SPX pivotal intraweek support is found at 6720 and in the NASDAQ, it is found at 24921. The DOW has some (but minor) support at 47849, but this index is not indicative.

Anyhow, very few changes are likely to happen in January but there are quite a few important economic reports due out, which if "way-out of line" could change things. On Monday Jan 5th, the ISM manufacturing index comes out and on Friday the 9th, the Jobs report comes out. On Tuesday Jan 13th, CPI inflation comes out and the day after, Retail Sales and PPI come out. Then on Wednesday January 27th, the Fed meets to decide on the interest rate decision. Earnings reports start coming out on January 13th with the financial stocks reporting first. NFLX reports on the 20th and then the big 5 tech companies (AAPL, AMZN, GOOGL, META and MSFT) report on the last week of the month. NVDA does not report earnings until February.

That is about it for now!

11/26/2025

Here is this week's newsletter that I wrote for my subscribers:

DOW Friday Closing Price - 46245 SPX Friday Closing Price - 6602 NASDAQ Friday Closing Price - 24239 RUT Friday Closing Price - 2369

08/09/2025

Correction has started? It was not confirmed this past week and doubts have appeared!
DOW Friday Closing Price - 44175
SPX Friday Closing Price - 6389
NASDAQ Friday Closing Price - 23611
RUT Friday Closing Price - 2218

The indexes turned around this week and negated the selling barrage that was seen the previous week. The tech sector was the driving force as AI continues to dominate the market and buying in that sector is found on each-and-every dip, no matter how small is seen and how overbought that sector remains. AAPL was also a driving force as it made an announcement that it was investing $600 million into new facilities in the U.S. In addition, it (and AMZN) also reported better than expected earnings, which also helped the bulls. All of this helped the Tech sector (primarily) as the NASDAQ led the market to the upside, making a new intraweek, daily and weekly close all-time highs.

The other indexes generated an inside week, which was not as indicative as the action in the NASDAQ was. The SPX did make a new all-time daily and weekly closing high but it was only by 1 point (6389 vs the previous at 6388), meaning the action was not as indicative as the action in the NAZ was. Nonetheless, "all" indexes closed on (or near) the highs of the week, suggesting further upside above last week's highs (DOW at 44498, SPX at 6395, NASDAQ at 23619 and RUT at 2243) will be seen this week.

The 2 driving indexes (SPX and NASDAQ) remain in an overbought condition but in the DOW and RUT, the overbought condition has been ameliorated. Overall though, the indexes have seen a rally of great consequence, with the DOW being the laggard but still having rallied 20% from the low seen in April compared to the NASDAQ, which has led the way, having moved up 30%. With the future still being uncertain, such a rally needs/requires a correction in order for it to continue much longer. With August normally being a seasonal down month and all the big and catalytic earnings reports now out, it would not be surprising if the indexes don't turn around this week, opposite of what happened last week and mimicking what happened the previous week when "key reversals" occurred.

This week the inflation reports (CPI and PPI) come out on Tuesday and Wednesday, and Retail Sales and Consumer Sentiment on Thursday. All of these reports, with the exception of Consumer Sentiment, are expected to be less than last month. This means that inflation should be lower and if that does not happen, it will generate new selling interest. Retail Sales is also expected to be a lower number and if that happens or it is even lower than expected (5%), it should also be a negative.

As far as the charts are concerned, the DOW made a new 6-month high 3 weeks ago at 45016, and if it goes above last week's high at 44498 this week but not above that previous high, and the goes below this week's low next week, the chart will be set for a correction. In the SPX, the all-time high at 6427 was made the previous week, and if last week's high at 6395 is broken and no new all-time high is made, and the followed by a lower low than this week's low the following week, the needed/required retest of the high will have been made and selling will once again appear. The NASDAQ has no levels at this time, other than the previous week's low at 22673, that would be indicative. On another note, if the indexes do go above last week's high and "then" go below last week's lows (DOW at 43724, SPX at 6271, NASDAQ at 22973), it would effectively negate this past week's rally and would bring in selling interest.

Having said all of the above, the reality is that right now the traders are ignoring every "normal and established in the past" guidelines and are trading on emotions as well as on the fact that this presidency is unique and impossible to predict what the outcome of the president's decisions/actions will be. As such, it is very difficult to go against the momentum-to-the-upside that is being seen.

One thing to look at right now for clues is the VIX (volatility) Index. It closed on Friday at 15.15. Intraweek support is found at 14.58 and pivotal at 12.77. Pivotal intraweek resistance is at 21.90. If volatility drops, the bulls will continue to control the market. If volatility rises, the bears will be "stepping up to the plate".

07/05/2025

July 6th evaluation of stock market.

Bulls remain in control, but this week does have the potential for a turnaround.

DOW Friday Closing Price - 44828
SPX Friday Closing Price - 6279
NASDAQ Friday Closing Price - 22869
RUT Friday Closing Price - 2249

All the reports and events that happened this past week were positive to the stock market. Manufacturing production increased slightly, inflation dropped slightly, job creation increased slightly, and earnings continued (on some of the big companies) to show better than expected results. In addition, Trump's "Big Beautiful bill" was passed and signed into law, meaning tax cuts that stimulate the country on a short-term basis were also a positive addition to the other reports. The SPX and the NASDAQ continued to make new all-time highs and the DOW made a new rally high and closed only 82 points below the all-time weekly closing high, meaning that the bulls are committed to going farther up this week or face the potential negatives of a double top.

Having said that, there was one potential negative that occurred, whereas the dichotomy between the DOW and the NASDAQ reversed direction, with the former gaining 4.4% on the week and the latter only gaining 1.3%. Over the past few years, when the scenario is bullish for the market, the NASDAQ has outperformed the DOW, meaning that the shift may have some meaning, suggesting perhaps that further upside is now limited. This is backed up with the fact that the NASDAQ is at the highest overbought condition it has been in during the past 5 years (98.6% out of a potential high of 100%).

Chart-wise, the DOW is the index to watch this week, given that the index closed above an indictive weekly close resistance at 44546 (closed at 44828) and as such, the bulls are committed to making a new all-time weekly closing high above 44911 this Friday, and also committed to breaking the indicative daily close resistance at 44882 and also making a new all-time daily close above 45014. This latter scenario does mean that every day of this week can be indicative. A daily close below 44303 (without breaking those two resistance levels first) would give new ammunition to the bears, which at this time would be indicative, due to the overbought condition and the fact that 95% of the potential positive news is already "in the picture", meaning that now, it is more about momentum than about positive news.

There is one potential negative that could be announced this week, with the fact that on Wednesday July 9th, the 90-day pause period on tariffs, announced by Trump on April 9th, will expire. This means that Trump could announce additional reciprocal tariffs of as much as 70% on Wednesday, which in turn (and if he does announce them) would be a negative to the market.

Either way, the NASDAQ is already 30% the previous all-time high weekly close and the SPX is 25% above, and that fact alone (added to the overbought condition and the seasonal tendency for July being a seasonal down month) does suggest that some form of a correction is likely to begin soon. In reading the fundamental outlook of economists (most of them), they generally lean to a sideways trend to occur during the next 2-3 months. That is it for the outlook for this week. There are no economic reports scheduled for this week that could generate movement in one direction or the other. This is a DOW week.

06/28/2025

Update and outlook for this week

DOW Friday Closing Price - 43819
SPX Friday Closing Price - 6173
NASDAQ Friday Closing Price - 22534
RUT Friday Closing Price - 2171

The SPX and the NASDAQ made new all-time highs this week after China signed a tariff deal with the U.S., tension between Israel and Iran eased, dovish Fedspeak, and some corporate earnings coming in higher than expected. On the negative side "but ignored by the traders", GDP was revised downward, showing that the economy contracted at an annualized rate of 5% (instead of the previous estimate at 2%), inflation moved slightly higher (increased by .1%), personal income came in lower than expected (first decrease since 2021), and Canada cancelling trade/tariff talks with the U.S.

The negative reports came in later in the week and with the NASDAQ having made a new all-time intraweek and daily closing on Wednesday and the AI industry getting additional positive news, momentum was on the side of the bulls and the negatives were ignored. All indexes closed near the highs of the week and further upside above last week's highs (DOW at 43966, SPX at 6187, NASDAQ at 22603, and RUT at 2189) are expected to be seen this week.

This week, two of the most important reports of the month come out, with the ISM Index report coming out on Tuesday (expected to be 48.3%) and the Jobs report on Friday (expected to be 127k). Both of these reports are expected to show that Manufacturing remains in a contraction scenario (under 50%) and that Jobs remain healthy but at a more moderate pace than May. Lower than expected reports would bring in selling interest.

As of right now, the bulls are in control, but the fundamentals do not "clearly" support higher prices. In looking at the SPX fundamental projections at the beginning of the year were for the index to go as high as 7100 with the median estimate being 6400, Now analysts are saying 6600 is the highest it could go to but now many saying that 5200 could be seen with 6000 being the median estimate. With the index closing at 6173 on Friday, it is evident there is more downside that upside likely to be seen the rest of the year.

As far as what the charts say, it is also evident that neither the SPX nor the NASDAQ can be used right now to predict what levels can be reached where automatic selling is seen, given that there are no resistance levels above (new all-time highs). As such, it is the DOW that is the important index as far as resistance levels above. On an intraweek basis, there is minor resistance at 44033 and then stronger at 44486. On a daily closing basis, the 44303 is a short-term indicative resistance, which if broken would signal higher prices with new all-time highs being probable. With the index closing at 43819 on Friday, another 484 point gain could be seen this week.

As far as the SPX and the NASDAQ are concerned, the previous all-time highs are what is important. In the SPX the previous all-time high daily close is at 6144 and the weekly one is at 6114. A close below both of them would be a signal that the top to the rally has been found. In the NASDAQ, those same levels are at 22175 and 22114. It is clearly evident that of both of these indexes, the latter is more indicative as this rally has been driven mainly by the Tech Industry.

As of today, there is nothing that is dependable as this market has recently rallied more on emotion, and daily news about Trump's actions, than on tangible fundamental facts. Having said that, generally and historically the summer months have been negative to the market with earnings and growth being slow. July starts on Tuesday and common sense (with all of the above considered), suggesting that the likelihood of this particular run up continuing is low. In addition, and probably as important as the economic news, there is very little more that Trump can say or do at this time, that would give the bulls new ammunition. The opposite is actually more likely.

06/14/2025

The fundament picture suggests that the 18-month recovery rally in the Chinese market has ended and that a correction downward is to begin. As such, I looked at some Chinese stocks trading in the U.S. and came up with a couple of shorts to put on this week.

To prove to you how my service can help your pocketbook, I am offering one of those mentions here to you, free of charge.

YUMC Friday Closing Price – 43.57

YUMC is a fast-food chain in China that handles KFC and Pizza Hut. The stock made a new 29-week low 7 weeks ago and since then has been moving sideways while the Chinese stock market rallied. 20 days ago, the stock broke the 200-day MA (currently at 45.55) and has proceeded to test the line 3 times successfully. The stock closed on the low of the week on Friday and further downside below last week’s low at 43.42 is expected to be seen this week. With the Chinese index due to head lower now, this stock could be one of the leaders to the downside.

In looking at the intraweek chart, YUMC has a clear downside objective of 33.55, which is where the next established support is at. With the stock having gotten up to 45.59 this past week and that being also where the 200-day MA is currently at, it does suggest that breaking of that level would negate the negative outlook, meaning it is a perfect place to put a dependable stop loss at.

Sales of YUMC between 43.55 and 43.71, having an objective of 33.55 and a stop loss at 45.75, offers a 5-1 risk/reward ratio. My rating on the trade is a 3.75 (on a scale of 1-5 with 5 being the highest).