US Dollar Index Bounces from Our Fibonacci Target

Is this the pullback we’ve been waiting for? Let’s do a quick morning update of the S&P “e-mini” and Dow Jones mini futures (@ES and @YM) with an emphasis on the divergences into resistance, and new support targets to play for. Here’s the S&P 500 and expected pullback underway: In terms of the S&P 500,…

While doing my evening scan, I found the following stocks very interesting from the standpoint of major technical damage that has occurred to them over the following days during the market decline. Of course, I am not advocating trading these stocks – I am only noting that these have interesting patterns that have taken down…

The tech-heavy NASDAQ Index is weaker than the S&P 500 at the moment due to down-gaps in leaders like Microsoft and Google. At the moment, the index challenges the key 200 day SMA level for a “make or break” event right now. What’s the level and what are the possible future swing-plays in the NASDAQ? …

For those following Copper, particularly as a barometer of economic activity, Copper Prices (index) have retraced into a Fibonacci overhead level. Let’s take a look at this and see if buyers can push prices through the $300 level.

As we transition from April into May, let’s examine what the Sector Rotation model suggests about where we are in the cycle by comparing relative strength and weakness. A second bonus of Sector Rotation is to highlight sectors that call our attention – and others that probably should be avoided. Let’s start with our Sector…

I wanted to show you a quick “Weekly Fly-by” chart comparison of the 10-Year Notes, S&P 500, Crude Oil, and US Dollar Index to note key inflection points across all markets – with key markets at such important inflection levels, a push either way will clue us in to what’s ahead for the next few months.