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…
Many investors and traders look to copper prices to gauge the strength or weakness of the economy, as copper is an industrial metal used in all sorts of construction projects. If that sentiment holds true, then copper just sent a big “economic recovery” message this morning, as it has been doing over the last few…
What are the long-term Fibonacci retracement levels to watch on Crude Oil? Did you know that oil is pushing right up against a major Fib level right now? Let’s take a look at monthly Crude Oil to see this level and what the larger IF/THEN possibilities are at this time: A quick long-term look traces…