I wanted to call attention to a study by Rob Hanna of Quantifiable Edges regarding using a simple timing mechanism to try to achieve better returns over an 11 year period in a hypothetical 401k. Rob’s post “Should You Time Your Entries into Your 401k?” addresses this question and tests the difference between equal contributions…
With last week’s price action taking us slightly above resistance on the daily chart, let’s view both the daily and weekly price structures of the S&P 500 and note additional possible overhead resistance targets. S&P 500 Daily: The first thing that should jump out at you is that price rallied the last three days and…
How’s this for a headline: All Four Major US Equity Indexes have now Broken Above Key Resistance via their 50 day EMAs… at least intraday. Let’s take a quick look and then wait for a fuller assessment after today’s close. S&P 500 Daily Chart: Again, fuller analysis will come after the close but you need…
A reader asked me to elaborate on the various confluence price points that helped set in the 1987 “crash” low and here is a representation of some of those points. S&P 500 from 1980 to 1987 – compressed with Gann and Fibonacci: Let me explain what I’ve done with this chart. I begin the chart…
As a follow-up to the previous post on the 1987 Market Crash (on the daily chart), the following post creates an overview of the crash starting with 1984 and moving up to the crash, while looking at the perspective with an Elliott Wave impulse count. Let’s see it. S&P 500 Weekly Chart with Elliott Waves:…
I was scanning some different periods for interesting chart patterns and wanted to share some insights on the structure of the 1987 stock market ‘crash’ in the S&P 500 Index. Let’s look at the chart of 1987 and then see the few years preceding this move with an Elliott Wave count overlaid on price. 1987…
Courtesy BarChart.com, here are the year-to-date performances of a broad assortment of major market Indexes, including the US Equities, CRB Commodity Index, and Dollar Index. You can view the chart yourself at BarCharts.com or use your own program to display other index and stock returns for 2008. Just be sensitive to seeing lots of red…
2008 is finally behind us and the year ended on a positive note – a nice, solid trend day to the upside. Let’s look at the DIA intraday structure to reflect on this pleasant picture. DIA 5-min chart Dec 31, 2008: This is what a trend day should be – except for the close, that…
To follow up on a reader’s request to analyze the Euro Index, I present the monthly and weekly ‘fly-by analysis’ of the Euro Index to see where we’ve come and where we might be headed. Euro Index Monthly: The general relationship of the Euro Index to that of the US Dollar Index is inverse –…
Tuesday’s action provided yet another fascinating example of classic trade set-ups and low-risk, high probability opportunities in the intraday DIA chart. Let’s see this “Trend day that almost wasn’t” and also look at a bull flag, Bollinger Band Squeeze-Play, and a successfully filled morning gap (I should have titled this post, “The Day that Had…