Grayson explores a hidden gem on the SharpCharts platform: StyleButtons! These handy little customizable tabs give you quick, one-click access to your favorite chart templates, allowing you to jump from ChartStyle to ChartStyle with a seriously streamlined charting workflow. Grayson demonstrates how to create and save ChartStyles and assign them to StyleButtons in your account – a major efficiency boost for all StockCharts users! Plus, he describes how he uses StyleButtons to make multi-timeframe analysis a breeze and explain his unique “indicator layering” approach to ChartStyles.
This video originally premiered on June 18, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.
You can view previously recorded videos from Grayson at this link.
When the stock market seems to be drifting sideways without displaying a clear bullish or bearish bias, it’s normal for investors to get anxious. It’s like being at a crossroads, wondering whether to go left, right, or stay put.
The truth is nobody has a crystal ball, and predicting what the market will do next is a fool’s errand. Should you jump in and buy now, or wait for the price to dip lower? Instead of fretting over these questions, what you can do is empower yourself with the right tools to make informed decisions.
For one example, creating ChartLists is a terrific way to keep an eye on the charts that are important to you.
A logical starting point is to monitor a broad market index such as the S&P 500 ($SPX), which acts as a barometer for the overall health of the market. The chart from this week’s article “Navigate the Stock Market with Confidence” highlighted some important levels to monitor. The area between 5950 and 6050 is key; a break above or below these levels can signal what’s coming next.
Below is the chart of the S&P 500, with the key levels and updated to reflect the data after Wednesday’s close. Note that the index is still within the 5950 to 6050 range. Fed Chairman Jerome Powell’s press conference didn’t do much to move the market, although there was a bit of a selloff towards the close. But that’s nothing to be alarmed about. Active participants would have unloaded their positions ahead of Wednesday’s close due to the Middle East conflict and the market being closed on Thursday to observe Juneteenth.
FIGURE 1. DAILY CHART OF THE S&P 500. Monitor the price action at key support and resistance levels.Chart source: StockCharts.com. For educational purposes.
If the S&P 500 breaks below 5950, it could mean a further decline or a market reversal. On the other hand, if the index breaks above 6050, it could indicate a move towards new highs, or it could reverse after hitting its all-time high. With so many possible outcomes, navigating the stock market can feel like a puzzle.
This is where confirmation tools become your best friends. When the overall market is wavering, these tools provide that extra bit of confidence you need.
Take the McClellan Summation Index as an example. If you’re a regular reader of our weekly ChartWatchers newsletter (and if not, you should definitely check it out — it’s packed with insights), you might recognize the chart below from last week’s issue.
FIGURE 2. NYSE MCCLELLAN SUMMATION INDEX VS. THE NYSE COMPOSITE INDEX. Note the divergence between the two and the various levels (red horizontal lines). Chart source: StockCharts.com. For educational purposes.
This chart displays the NYSE McClellan Summation Index ($NYSI) overlaid on an area chart of the NYSE Composite Index ($NYA). The McClellan Summation Index tends to generate fewer signals, making it helpful for looking at medium and long-term trends. It helps to cut through the noise of an indecisive market and gives you a clearer picture.
Notice how, after its April low, the $NYSI climbed from -590 to 688 relatively quickly in sync with the NYSE. But here’s where it gets interesting: after hitting 688, there is a divergence. While the NYSE continued to move higher, the $NYSI started trending lower, making lower highs. This could be an early warning sign that the market’s upward momentum may be waning.
The McClellan Summation Index gives us some clear levels to monitor.
Bearish scenario. If the S&P 500 falls below the 5950 level, followed by the $NYSI dropping below its last low of 525, then it’s likely equities could see further declines.
Bullish scenario. If the S&P 500 breaks above the 6050 level, followed by the $NYSI moving higher than 642 and then the 688.50 level, it would be a positive sign for equities.
The Bottom Line
So if you’re wondering when might be a good time to “buy the dip” but are unsure about when that dip might occur, these types of charting tools can help guide your investment decisions. If your indicators line up and confirm an upward move, consider investing a portion of your capital and then adding more if the market continues to move in your favor. A big part of how well you manage your finances has to do with money management.
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
The Fed should absolutely stop talking about being “data dependent”. That’s so far from the truth. If they were data dependent, we’d have either seen a rate cut today or Fed Chief Powell would have been discussing one for the next meeting. Inflation reports since the last Fed meeting have been benign. Economic reports, on the other hand, have shown weakness and are pointing to the need for lower interest rates.
Powell was having none of it. During Wednesday’s press conference, one reporter asked the Fed Chief why the Fed was able to lower rates in December, despite knowing that tariffs and their potential impacts were on the way. I thought it was a great question, because Powell was using future tariff impacts on inflation as the primary reason for holding rates steady today. It was a perfect illustration of The Waffler at his best. When another reporter asked Powell about his frequent comments that the Fed is data dependent and that all current data points to the need for an interest rate cut, The Waffler noted the Fed needs to “look ahead”. So which is it? Is interest rate policy being guided by current data or by looking ahead?
This is a repeat of 2021 and 2022. Remember all the inflation news and how The Waffler said inflation was transitory. I guess he was looking ahead when he made those comments. He and his band of wafflers looked ahead and got it wrong. Then, inflation data poured in higher than expected for months and he finally started his data dependency talk.
The Fed has been late to every single party for 7 years now and running. They’re running late again. Eventually, Mr. Waffler will get it right and our major indices will all move to all-time highs. For now, though, the reason for any period of consolidation or, worse yet, selling can be laid at the doorstep of none other than The Waffler.
Personally, I’m exhausted by the constant “listen to what I say until I change it” approach to interest rate policy. Yes, we’ve had a 100-year pandemic and a resulting inflation problem that’s been worse than any since the 1970s. We’ve had two trade wars. I get it. But I firmly believe that the extreme volatility and the four (FOUR!!!!!!!) cyclical bear markets that we’ve endured since The Waffler became the Fed Chief is, in large part, his fault. He was sworn in on February 5th, 2018 and the stock market has been a roller coaster ever since:
Name the last time that the U.S. has seen 4 different cyclical bear markets, all starting from all-time highs, within a 7-year period. Start the Jeopardy music.
His mismanagement of interest rates didn’t start with the pandemic. I wrote an article in December 2018, during his first year, saying that his call for two rate hikes in 2019 would never happen. The next interest rate move? A cut several months later in 2019. Here’s the article I wrote back then as we bottomed in December 2018:
Now maybe you’re sitting back and saying, “Tom, what’s the big deal? The tariffs are a threat. Why not just wait it out and be sure there are no lingering inflationary pressures?” Well, if you don’t mind the potential of a 5th cyclical bear market before we finally boot this guy to the curb, then I say GO FOR IT. Why try to hasten an economic meltdown when it’s unnecessary? Who believes anything The Waffler says? He said we were going to get two rate hikes in 2019. We got an interest rate cut instead. He said inflation was transitory in 2021. Then the Fed had to start raising rates at an absurd rate, because inflation skyrocketed and he waited way too long to turn hawkish. The stock market bottomed in June 2022 and was returning back towards all-time highs just prior to his infamous “more pain ahead” speech from Jackson Hole, WY on August 26th, 2022. Subsequent to that speech, the stock market fell precipitously for two months before once again finding a new bottom. That entire selling episode was caused solely by his irresponsible remarks.
And now where are we? Holding rates steady while the European Central Bank (ECB) has cut rates for 8 straight meetings. The Waffler will eventually get it right. Unfortunately, a lot of innocent investors and traders will continue to pay the price – until someone finally shows him the exit.
His term expiration cannot get here soon enough for me. GOOD RIDDANCE MR. WAFFLER!
Market Manipulation
I’ve written often about what I call the “legalized thievery” of market makers. The extreme volatility over the past several years has triggered market manipulation like we’ve never seen before. The good news is that once you understand how it works, trading the stock market gets a whole lot easier. At EarningsBeats.com we’ve timed exits out of the stock market almost perfectly, prior to the onset of cyclical bear markets. Missing out on 20%+ declines and then jumping back in at or near major bottoms increases stock market returns dramatically.
It’s time that everyone understands how the stock market works. On Saturday, June 28th, at 10:00am ET, we will be hosting a FREE webinar, “Trading the Truth: How Market Manipulation Creates Opportunity”. This event promises to be a real eye-opener, unless you’re already an EarningsBeats.com member (in which case you’ve already become a seasoned veteran regarding manipulation). Do you want to see big stock market declines before they happen? I will teach you how.
Seating is limited and this event will be packed, I can guarantee you that. PLEASE be sure to register NOW and save your spot. Again, there is NO COST. Registration is easy. Simply CLICK HERE to register and for more information.
(By the way, if you’re not available to attend LIVE on Saturday, June 28th, you should still register. All those who register will receive a copy of the recording after the event and it will be time stamped.)
Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.
In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.
‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’
While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.
The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.
Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.
Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.
‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.
The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’
Amazon employs more than 1.5 million people worldwide, according its most recent annual report.
This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.
Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’
He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’
Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.
Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.
Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images
Artificial intelligence has also been shown to be effective at coding for software programs.
Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’
Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.
‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.
Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.
The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’
The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.
Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.
“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.
Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.
The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.
The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.
According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.
The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.
Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line.
The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a person familiar with the matter who requested anonymity to speak candidly. The person added that the delays are internal and not because of a supplier or shipping issue.
No date has been determined for the new launch date, the person added.
The person also said the relationship with Kardashian and the brand is still strong and that everyone is on the same page, but they want to make sure they take their time and get the products right.
Nike first announced the Skims partnership in February and said it would include apparel, footwear and accessories. Since then, Heidi O’Neill, one of the key leaders behind the partnership, has left the company.
New Nike CEO Elliott Hill has been betting big on the Skims brand as he looks to re-invigorate the company after recent declines in sales and its business. For Skims, which was last valued at $4 billion, the partnership with Nike brings a growth opportunity as it expands into athleisure.
Nike’s stock is down more than 20% year-to-date.
“The origin of NikeSKIMS is rooted in a desire to bring something new and unexpected to an industry that is craving something different, and to invite a new generation of women into fitness with disruptive product designed to meet their needs in both performance and style,” the company said about the line when they introduced it.
The news was first reported by Bloomberg.
Nike and SKIMS collaboration featuring Kim Kardashian, Co-Founder and Chief Creative Officer, SKIMS.Courtesy: Nike Inc.
Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.
This video originally premiered on June 17, 2025.
You can view previously recorded videos from Frank and other industry experts at this link.
President Donald Trump’s business organization has announced the creation of a new wireless phone service that will carry the president’s name.
Trump Mobile, as the service will be known, will soon be available for what Donald Trump Jr. described as “real Americans” seeking “true value from their mobile carriers.” The eldest of Trump’s children, who serves as executive vice president of the Trump Organization, which runs the president’s businesses, made the remarks at a press event in New York City on Monday morning alongside his brother Eric Trump, who also oversees the Trump Organization.
According to the TrumpMobile.com website, the plan starts at $47.45 a month, reference to the elder Trump having served as the 45th and 47th president.
By comparison, Boost Mobile and Verizon’s Visible offer similar unlimited service for $25 per month. T-Mobile and Spectrum offer unlimited plans for $30.
Users can change to Trump Wireless while still keeping their existing phones. At the same time, the Trump Organization is also rolling out a $499 gold-colored phone, dubbed the T1, later this year as part of the service’s launch.
The announcement represents another example of the unprecedented line-blurring the president has undertaken by running the country while his branded business ventures continue to operate and make millions.
Late Friday, the president filed financial disclosure forms for 2024 showing hundreds of Trump-branded business ventures in operation as of last year. The Trump Organization, the main corporate entity run by the president’s family, earned more than $57 million from sales of digital tokens launched by its World Liberty Financial cryptocurrency platform. Trump has aggressively wielded the powers of the executive office to threaten businesses whose policies he does not support.
The launch of a wireless phone is a particularly striking case, since it comes as the president seeks to bring more production of electronics, including smartphones, to the United States. Trump has explicitly threatened Apple with tariffsfor not making its iPhones stateside. Trump has sought to exert a strong influence over the heavily regulated telecom industry through Brendan Carr, the attorney Trump appointed to lead the Federal Communications Commission. Carr has cited traditional carriers for allegedly abusing workforce diversity requirements and censoring conservative voices.
The White House referred a request for comment to the Trump Organization. It did not respond to a follow-up query asking whether the president planned to use his own branded wireless service or the T1 phone.
According to its website, Trump Mobile is “powered” by Liberty Mobile Wireless. Florida state business records indicate Liberty Mobile was first registered in 2018 by its president and CEO, a Miami-area entrepreneur named Matthew Lopatin. He did not respond to an emailed request for comment.
Representatives for the three major U.S. phone carriers did not respond to requests for comment.
Trump Mobile’s T1 PhoneTrump Mobile
According to its website,Trump Mobile users would be able to receive telemedicine on their phone, roadside assistance and unlimited texting to at least 100 countries.
The service and phone are not actually made by the Trump Organization. The company is licensing the president’s name to a wireless service that is supported by the three major U.S. phone carriers. In a separate appearance with Fox Business host Maria Bartiromo’s “Mornings with Maria” show Monday, Eric Trump said the phones would also be made in the U.S. but did not state the manufacturer. He also said the service’s call center would be based in St. Louis.
The announcement appears to echo one made earlier this month by the trio of actor-hosts of the popular “SmartLess” podcast, who said they were launching their own wireless service by purchasing network capacity from T-Mobile.
Another actor, Ryan Reynolds, has invested in Mint Mobile, which also uses T-Mobile’s network. Both Mint and SmartLess have been pitched as value services for users who don’t have need for unlimited data.
Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.
The company said in a release that about 10% of its U.S. items use FD&C colors, the synthetic additives that make many foods more visually appealing. Kraft Heinz brands that sell products with these dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.
The company removed artificial colors, preservatives and flavors from its Kraft macaroni and cheese in 2016 and its Heinz ketchup has never used artificial dyes, according to Pedro Navio, North America president at Kraft Heinz. It is unclear how removing the dyes will affect the company’s business, as consumers could perceive the products as healthier but also may be less drawn to duller colors.
Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store in San Diego on April 27, 2025.Kevin Carter / Getty Images
The decision follows pressure from the U.S. Food and Drug Administration and Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., for the food industry to pull back on artificial dyes as part of a larger so-called Make America Healthy Again platform.
The FDA in April announced a plan to phase out the use of petroleum-based synthetic dyes by the end of next year and replace them with natural alternatives. Besides the previously banned Red No. 3, other dyes that will be eliminated include red dye 40, yellow dye 5, yellow dye 6, blue dye 1, blue dye 2 and green dye 2, FDA Commissioner Marty Makary said at the time.
Kennedy said at the time that the FDA and the food industry have “an understanding,” not a formal agreement, to remove artificial dyes. The Health and Human Services secretary discussed removing artificial food dyes during a meeting in March with top food executives from companies including Kraft Heinz, PepsiCo North America, General Mills, WK Kellogg, Tyson Foods, J.M. Smucker and the Consumer Brands Association, the industry’s top trade group.
A spokesperson for Kraft Heinz said on Tuesday that the company looks forward to partnering with the administration “to provide quality, affordable, and wholesome food for all.”
Momentum against food dyes had been building for years. In January, before President Donald Trump and Kennedy took office, the FDA announced a ban on the use of Red No. 3 dye in food and ingested drugs. The dye gives many candies and cereals their bright red color, but is also known to cause cancer in laboratory animals. The FDA allowed Red No. 3 to be used by food manufacturers for years, though the state of California had already banned the dye in 2023.
Kraft Heinz said in the release Tuesday that it has made more than 1,000 recipe changes over the past five years to improve product nutrition.
“The vast majority of our products use natural or no colors, and we’ve been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,” Navio said. “Above all, we are focused on providing nutritious, affordable and great-tasting food for Americans and this is a privilege we don’t take lightly.”
