I describe the week’s actions and discuss where we are in the market for the upcoming week.
I’ve posted previously about how price has a tendency to ride between “Sigma Bands” or Standard Deviation Bands for extended periods of time, and that’s what’s happening at this moment in the S&P 500. Let’s take a quick look at the current S&P 500 Sigma Band chart and note the developments so far – and…
What does the 10,000 foot view look like in the Intermarket Landscape as we begin March 2012? Let’s take a look and see what the broad markets reveal: First, it’s good to divide the markets in to “Risk-Off” or defensive/safe markets (such as Treasuries and the US Dollar Index) and “Risk-On” or offensive markets such…
While there are plenty of methods to assess the volatility environment of a market, one of the simplest tactics is to measure the daily range. Let’s take a look at the pure daily range of the S&P 500 and Dow Jones index through major up and down periods over the last few years. Here’s the…
With the S&P 500 interacting with another key overhead price level, let’s take a moment to pull the perspective back to update the long-term (from 2007’s peak) Fibonacci “Bull Market” Retracement Grid. Here’s the clean picture on the Weekly Perspective: The Long-Term Fibonacci Retracement grid begins at the 2007 market peak (1,576) and ends at…
With US Equity Indexes challenging and breaking to new recovery highs, it can be helpful to take a moment to raise your perspective to the monthly chart frame. Let’s take a quick look at the monthly index charts, starting with the S&P 500: The S&P 500 lags the Dow and NASDAQ at the moment, as…
This morning’s better than expected Jobs Report sent US Equity Indexes into or above key target areas that – if the momentum continues as it appears currently – will break price into New Recovery High territory which you’ll want to monitor closely. Let’s take a look at the S&P 500, Dow Jones, and NASDAQ to…
If you use Intermarket or Cross-Market Analysis in your trading or investment decisions, you’ve probably noticed something very strange over the last few months. Let’s take a look at “What’s Going Wrong” from a classic Intermarket perspective which leads us to “What’s Gotta Give” in terms of a building reversal. First, the closer perspective of…
The S&P 500 is compressing between a shorter-term and broader consolidation pattern, so it could make for an interesting breakout resolution yet to come. Let’s take a look at the bigger picture of Market Structure and then zoom-in on the intraday structure to note key reference levels. First, the broader picture starting with 2011: To…
The fact that the S&P 500 “did nothing” in 2011 fails to take into account the performance of the individual sectors of the stock market, some of which returned as much as 15% in 2011. Let’s review Sector Performance in 2011, learn insights into the Sector Rotation Model, and see where capital flowed during the…
Will history repeat or will this time be different? That’s the famous question we’re all asking right now as Google shares break to new multi-year recovery highs not seen since late 2007. Let’s peek at the Weekly chart, note the key level to watch, and then compare that with what’s happening right now on the…