I describe the week’s actions and discuss where we are in the market for the upcoming week.
A couple of readers have asked my take on the Shanghai ($SSEC) Stock Market in light of Monday’s “mini-crash” and down-move that preceded it. Let’s take a quick look at the Weekly and Daily structure for more clues and lessons.
For anyone who has been following gold prices lately, you’re probably aware of the dominant triangle pattern that is reflecting a lengthy consolidation in price. Let’s take a quick look at that pattern and what the potential upside and downside targets will be with a solid break of the pattern. The symmetrical triangle pattern began…
Let’s step back our perspective to take a look at the absolute performance of the main AMEX Sector SPDRs from the March 2009 lows to the end of August 2009. There is a shocking result!
I’ve been mentioning over the week that the S&P 500 (and other US Stock Market Indexes) were forming dojis at their upper Bollinger Band lines on the daily charts.
Many analysts find charting Copper Prices helpful for assessing the strength of the broader economy. After all, if demand for copper is increasing, a major reason could be that construction activity is increasing, which signals a strengthening economy.
With markets at potentially major turning points – one way or the other – let’s take a quick look at the CRB (Commodity) Index for a possible clue.
Just a reminder that Dr. Brett Steenbarger will be presenting a free webinar today entitled “Best Practices for Active Traders” today after Wednesday’s close at 4:30 EST (3:30 CST) and it looks like a great webinar! In a one-hour webinar, Dr. Brett will be discussing: * Reading Intermarket Themes * Reading Intraday Market Volume *…
I wanted to give a quick mid-day update on the current SPY structure (that of a possible rounded reversal that has formed a lengthy momentum and internal divergence). Let’s take a look:
With the broad markets at critical potential turning points, let’s take a quick fly-by view of the weekly structure (showing the entirety of the Bear Market so far) of the Dow Jones, NASDAQ, and S&P 500.
I wanted to show two quick charts of the internal S&P 500, highlighting a “Rounded Arc” formation along with a view of a potentially significant negative Breadth divergence at the highs. Let’s take a look.