I describe the week’s actions and discuss where we are in the market for the upcoming week.
There’s an interesting chart phenomenon I’ve covered in the past and the S&P 500 is currently repeating the pattern. Let’s take a look at the updated Sigma Band (Bollinger Band) chart for the S&P 500 and take a look at two recent examples of a similar pattern to monitor. Here’s the current S&P 500: What…
Let’s take a moment to update the long-term and short-term Fibonacci Retracement grids for the S&P 500, taking note of which levels are in play at the moment. For that, let’s start with the larger Weekly Chart perspective: These levels are the dominant Fibonacci Retracement Levels against the 2007 Bear Market decline. I highlighted regions…
We’ve been following the long-term Support Shelf in Gold near $1,550 along with the declining “triangle” trendline, awaiting the possibility for a breakout in gold prices. What started as an initial triangle break seems to have stalled at the first resistance target, so let’s update the charts on Gold and highlight the key area on…
As we update the current picture of the S&P 500, we find that not much has changed from last week’s mid-week update, at least in terms of the “Bear Flag” Trendline Boundaries. Let’s take a quick look at the current SPX price pattern boundaries and how to develop a game-plan. Refer to the previous “July…
The current consolidation pattern in gold continues, yet the boundaries are narrowing ahead of an expected breakout from the structure. Let’s start with the larger Weekly Chart picture and then highlight the key levels to watch going forward: A simple price chart reveals the primary uptrend that was interrupted with a year-long retracement during 2008…
With half of 2012 behind us, let’s take a quick check of what the Sector Rotation Model is suggesting, both from a Year-to-Date perspective and from the 2012 peak so far. First, let’s update Sector Performance Year-to-Date: The Sector Rotation Model classifies the major sectors into two broader categories: Offensive or “Risk-On” Sectors (such as…
As June winds to a close, let’s take a quick look at the current Risk-On/Risk-Off trends within the Intermarket Landscape. Here’s the current Cross-Market Picture: For a quick review, the way we interpret the line chart above is to divide the broader markets into “Risk-On” or “Risk-Off” markets: “Risk-On” Markets include Stocks and Commodities (shown…
US Stock Market Indexes have rallied into the initial resistance level accordingly, and now appear poised to break through these levels with the favorable outcome in the Greek election over the weekend. Let’s take a quick glance at the current daily resistance levels that price could shatter this week on a push through a visible…
It’s not common when the 20 and 50 week EMAs play a key role in providing both support/resistance as is the situation currently. Let’s take a quick reference glance at the S&P 500, Dow Jones, and NASDAQ weekly charts to highlight these key EMA compression levels and what this means for the current structure. First,…
After a steady retracement took the US Stock Market Indexes to lower support level targets, let’s take a look at these targets and what Index levels we will be watching closely in the week ahead. Let’s start with the S&P 500: The key chart levels we’ll be comparing across the three indexes are the 38.2%…