The popular Emerging Markets ETF – symbol EEM – is currently sitting on key weekly and daily support, or more specifically, a key turning point in structure, so let’s take a look at this level and the immediate targets to watch depending on what happens here at this key point. First, the Weekly Chart shows…
Hmmm – if you just listened to the headlines, you would figure 10-year Note Yields would be going lower due to the QE2 Treasury Purchasing Plan from the Federal Reserve. But not only is that NOT what happened, but the charts (technical analysis) were giving clear buy signals (rising yields) all along the way. Let’s…
What does it mean when someone says “The SP500 is really, really overbought?” There’s many ways to measure “really, really overbought” objectively, and one of those is to compare the percentage price is extended from a certain moving average, for example the 200 day simple moving average. Right now, price is just over 14% extended…
I’m excited to announce that Tadas Viskanta of the popular site Abnormal Returns interviewed me this week as part of Abnormal Returns TV on the StockTwits.tv site. Here is the direct link to our 30-minute interview page, and also the direct link to Tadas’ Abnormal Returns site and also Abnormal Returns TV page via StockTwits.tv….
If you’ve been watching bond prices over the last few weeks, you may have thought there was nothing to stop price from going off a cliff. However, price has now pulled back to a critical long-term trendline level that traders are watching very closely to see if the selling stops here… or breaks the major…
I’m a big fan of using market internals as a source of “under the hood” confirmation/non-confirmation when charting new swing highs in the S&P 500 index. Let’s take a look at the “Triple Threat” market internals and then take a longer-term perspective of breadth in the current market environment. First, the “Three Main Internals” 5-min…
It’s been a while since I updated you on Sector ETF performance according to the Sector Rotation Model, so let’s take a quick look at past and present money flow returns from the Offensive and Defensive Sectors starting with the August 2010 low at 1,040 and moving to the present February breakthrough beyond 1,300. Here’s…
Did you know that Cotton prices have more than doubled since the September period when the first rumors of QE2 were released? Cotton is a market most of us never chart, but it’s doing something interesting right now in terms of a Three Push Pattern and nice Bearish Engulfing Candles. Let’s take a look at…
I received a request to take a look at India’s Nifty 50 index – along with ETF symbol INDY – and indeed the index is at a key defining point traders and investors should be watching. Let’s start with the broader weekly view and then drill down to the daily chart to find the key Fibonacci…
There’s been a lot of attention on China lately with regard to their economic growth potential and recent state visit to the USA. Let’s take a moment to view China’s Shanghai Stock Market Index to see its critical “Bull/Bear” Battle level which is a critical inflection point the price is battling at this moment. A…