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Technical analysis is about many things. It is about finding prior battleground price levels that may determine support and resistance. It is about identifying reversals in price. But first and...
Diamond Bottom in iShares US Real Estate IYR US Wedge breakout in Technology Select Sector SPDR XLK US Wedge breakout in iShares Russell 1000 Growth IWF US My preferred strategy is to buy small...
Market technician Dave Chojnacki of Street One Financial examines Wednesday’s midday turnaround and notes that the market’s technicals improved substantially as a result.Trade fears hit...
It’s happening again: blood is in the streets.And if you remember the timeless advice of Warren Buffett, you know what to do: be greedy. Because this selloff shouldn’t be happening...
This update is in response to a standing request for real (inflation-adjusted) charts of the S&P 500, Dow 30, and NASDAQ Composite. It includes the latest monthly close data.Here are two overlays...
Well, that was quite the reversal. My highest profit of the day was pretty much the millisecond that the market opened. It was all downhill from there. A glance at Materials Select Sector SPDR...
Trade Wars are brewing, or so I am told. Personally I have seen a pattern from this administration of bluster about an issue, then either walking back or using noise to negotiate towards a better...
Market technician Dave Chojnacki of Street One Financial recaps Tuesday’s massive late-day rally and previews Wednesday’s action with an update on the important technical indicators for...
AT40 = 27.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 36.2% of stocks are trading above their respective 200DMAs (new 2-year closing and intraday lows)VIX =...
The President didn’t help the Growth/FAANG/Momentum crowd this morning with his tweets targeted at Amazon (NASDAQ:AMZN). Looking at the above table, as of this weekend, it looks like Growth is...
The S&P 500 continues to collapse after Trump ripped Amazon.com (NASDAQ:AMZN) again in a tweet. A President who tweeted pumps every time the stock market hit a new all-time high is now causing an...
February and March wrought technical damage on major US equity indices, but the path of least resistance increasingly looks up near term.March-quarter earnings season is upon us. This is the first...
Market technician Dave Chojnacki of Street One Financial recaps last week’s back-and-forth market action and looks ahead to the new week, which promises to bring plenty of fireworks to...
The major asset classes delivered mixed performances in March. Stocks in the US and foreign markets fell while US real estate investment trusts (REITs) and foreign inflation-linked government bonds...
Current Position of the MarketS&P 500: Long-term trend – The bull market is continuing with a top expected in the low 3000s. Intermediate trend–The intermediate correction from 2873...