Weekly Commentary

Here are your major intermarket analysis charts at a quick, timesaving glance for you: First, the 10-Year Bond Price is reconfirming its downtrend: This is an example of an “Impulse Sell” trade where price makes a large impulse down, retraces back up, finds resistance at a key moving average, and then turns back down hard…

We managed to survive a light volume, holiday week and end the week higher in all major indexes, yet only the Nasdaq is making fresh new highs (although they are merely new 6 year highs).  This tends to be good for the overall market, as it assumes that traders are taking more speculative risk in…

The major story over the last month has been the impact of rising bond yields and their effect on the overall market.  This updated chart from StockCharts.com provides a graphical representation of what has transpired over the month of June in terms of major market relationships: Interpretation: The Yield on the 10 Year Treasury Bond…

It was a wild week of trading, to say the least!  I’m glad we made it to the weekend so we can pause and update our charts and catch a breath! Next week is expected to be a very low volume week because the 4th of July falls directly in the middle – on Wednesday! …

Here are some daily and weekly views of some of the major indexes for your study: Daily Charts of the Dow and Russell 2000: Weekly Charts of the Russell and S&P 500: As an added bonus, consider pulling trade ideas from these strongest industries (via Prophet.net) over the last three months: Notice the major jump…

Attached is a harrowing picture of the current state of what’s strong in the market over the last three months. I am including a line chart and a bar chart to convey the point and clearly identify differences in prices: Clearly, we see that had you invested in the strong energy sector, you could have…

Here are a few charts and stock watchlist ideas from Prophet.net’s Industry Group screener: Strongest Industries of last 3 months: Weakest Industries of last 3 months: Industries showing strong buying money flow of last 3 months (best trade ideas come from here): Remember to read the charts from right to left in terms of monthly…

Here are basic weekly charts of the major indexes at a glance: With the exception of the Nasdaq, the Dow and S&P 500 are making new momentum highs confirmed by new price highs – a good picture. The technology focused Nasdaq is forming a weekly momentum divergence with price, in terms of swing highs –…