Correlation Between Yields and Stocks

April 27th, 2008 by Corey Rosenbloom

Can the relationship between 10 Year Note Yields and US Stock Prices reveal risk seeking and risk averse behavior of funds and investors?
Earlier, I posted a few charts on the topic, so be sure to refresh with those for more information:
Stock Correlation with the 10 Year Yield
A Look at Bonds, Stocks, and the Fed Rate […]


Dollar and the Dow Positions

April 27th, 2008 by Corey Rosenbloom

Let’s look at the price positions of the US Dollar Index and the Dow Jones Index to gather clues about possible moves next week:
First, the Dollar:

The Dollar Index rallied (strengthened) last week, after forming a tight coil and has broken above its key 20 period moving average. Price is finding preliminary resistance at the […]


Potash Continues to Impress

April 26th, 2008 by Corey Rosenbloom

Potash (POT) is a stock I have been following for over a year now, and it has continued to be an impressive stock that has treated its investors phenomenally. What happened last week and why was it important?
Potash beat earnings expectations by $0.22 last week, and increased its outlook for the future.
“The world’s largest […]


Stock Market Overview

April 26th, 2008 by Corey Rosenbloom

Let’s take a quick ‘fly-by’ of the major US Stock Market Indexes for clues about what may happen next week:

Some observations about the daily chart of the S&P 500:
Price is testing upside resistance via horizontal line.
The 20 and 50 period moving averages completed a bullish cross (green arrow).
There is semi-strong support via an upside trendline […]


Dollar Recovery Could Shake Commodities

April 25th, 2008 by Corey Rosenbloom

This week, the US Dollar Index has recovered slightly, and price finds itself above key resistance and attempting a new swing high. What might this mean for commodities?
First, the US Dollar Index is breaking above a consolidation pattern, which was preceded by a positive momentum divergence. Should price break the $73 level, the […]


US Dollar and Commodities

April 24th, 2008 by Corey Rosenbloom

One of the major intermarket relationships is that of the US Dollar Index and various Commodity Prices. Generally, the US Dollar trades strongly inverse commodity prices.

Let’s look at it before discussing it further:

Typically, a falling US Dollar index is inflationary, and inflation occurs with higher commodity prices (I am using the CRB Index in […]


Selected Tech Stocks Trapped at Resistance

April 24th, 2008 by Corey Rosenbloom

I wanted to highlight a few key technology stocks that are bumping up against overhead resistance, whether via the 200 day moving average or prior price levels.
Let’s start with everyone’s favorite: Apple, Inc ( AAPL ):

AAPL is actually trapped between two levels of prior support/resistance, and should have massive support about the $145 area, […]