Posts From Andrew Nyquist

Andrew Nyquist
Andy is the founder of See It Market. He has been actively investing for over 15 years with a strong focus on technical analysis and swing trading. His blogs, articles, and contributions have appeared on numerous websites, including Yahoo! Finance, MarketWatch, Business Insider, Investing.com, and Benzinga to name a few. Andy has also been interviewed and cited across several media outlets.In addition to founding and managing See It Market, Andy enjoys actively investing, playing and watching sports, and spending time with friends and family - especially his wife and three children. Andy recently ended a long stint in the financial services industry to focus on See It Market and private trading. He is a 1998 graduate of Carleton College and resides in the Minneapolis area.
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Chart Focus: Putting The German DAX Decline In Perspective

The German DAX Composite began its decline well before the Greek crisis found its way back to the forefront of our trading screens. The Euro also began to firm up well before the drama in Greece. That simply means that some of the fallout in Greece is likely priced into the markets. Now this doesn’t mean that there isn’t risk to fall further, it just means that capital often begins to reposition before “events”.

What’s Wrong With Gold (GLD)?

Back in March, I issued a long research report on the state of the Gold bear market. In that report, I shared how a number of reasons why Gold was out of favor (and remain out of favor). But I also looked at sentiment, seasonality, and technicals to make a point that Gold had an opportunity to rally. Here’s an excerpt from that post: Headwinds included: US Dollar strength, slowing

The Stealth Bear Market For Chinese Stocks: What’s Next?

Just last week, I wrote about 13 percent correction that occurred over one week on the Shanghai Composite Index (SSEC). Well it’s now been a little over two weeks since the selling began and the Chinese stock exchange is currently down 21.7 percent off its highs (and from intraday peak to its current trough it’s been 25.7 percent). That’s quite a haircut for any stock market.  Meanwhile, the S&P 500

Confusion Reigns: Separating What’s Bullish vs Bearish In The Markets

It’s been an amazing year for the markets in many respects. The resiliency of U.S. equities in the face of several bearish headwinds (and headlines) has been a feather in the bulls caps. But market breadth indicators and volatility in the bond market could be a test near-term. This follows disconnects in Crude Oil and the Euro that carried over from 2014. Earlier this year, I said that the market

German DAX Rebounds: Index Testing Key Resistance Level

The German DAX correction started in early April and accelerated into June. Blame it on valuations, the rebound in the Euro, or Greece, but technicals play a role too. Like clockwork, German stocks found support at its .382 Fibonacci support level. And since then, the German DAX has been rallying. But the rebound rally is about to get tested. In the chart below, you can see three technical events that

Shanghai Composite Suffers Deep Decline: Can Chinese Stocks Recover?

The Shanghai Composite Index has been a huge winner in 2015. But when the masses jump on the mo-mo train they often forget that it’s a two-sided market. And when the “sell” button gets hit… sometimes it comes with swift moves to the downside. Case in point: last week.  Although investors saw similar pullbacks on the stock exchange in January/February and April/May, neither were as swift as the recent decline. The

Market Breadth Update: How Much Gas Do Stocks Have Left?

Well, another week of market action is underway and the bears have more to grumble about. Word of an agreement out of Greece sent stocks back up towards 2130 this morning. Over the past 6 months or so, being short offered a nice risk-reward opportunity. Stocks have been restrained by 2120-2130 (and a major fibonacci extension level) while market breadth deteriorated. BUT, that said, it has likely been a long and trying ordeal for

Corn Prices Rally After Retesting 2014 Lows

Lots of questions remain around Corn prices, and ag commodities in general. It’s been a while since I looked at Corn, so it’s time for an update. Throughout the first 3 months of the year, I highlighted a key fibonacci retracement level on Spot Corn prices many times – $3.67. Corn tested this level several time before heading lower in April. I pointed out in March why this Fibonacci level was

Greek Financial Crisis: Why Traders Should Tread Lightly On Opinions

The situation in Greece has once again come to the forefront of our attention as the Greek government, the EU, and the IMF try to work out a package to kick the can a little further down the road. So far, this round of debt negotiations doesn’t appear to be going so well. The Guardian is providing live updates. To recap, the Greek financial crisis started in late 2009, burned

Market Breadth Slips Again As Stocks Await “Big Move”

It’s amazing how long equity markets can defend poor market breadth and divergences. But if you weren’t already aware, divergences and breadth conditions can persist longer than some trades (and traders) can remain solvent. That said, market breadth is a useful sl0w-mo indicator, especially when the price action begins to stall. And stall it has. As Aaron Jackson mentioned in this week’s Rotation Report, “not much has changed in the markets over the