Chartology

Trading Ideas: 5 Stocks To Watch (BAC, AXP, GD, GLUU, JNJ)

Despite another sideways and choppy day for the stock market indices, signs of strength persist. Dip buyers again stepped in to defend the 2100 support level on the S&P 500 and drove it back to close relatively unchanged. Additionally, most stock sectors (with the exception of the Utilities) finished the day mildly higher. All in all, not a bad day of trading action. Given the above, being bearish or aggressively short

Are Traders Leaving International Markets in Favor of the U.S.?

One of the major themes that kicked off 2015 was the shift from domestic equities to international. Many try to explain the shift as being caused by the large influence that foreign central bank had via easing coupled with the rise in the U.S. dollar. But we don’t know for sure – all we know is that it happened. By looking at relative performance charts we can see that International markets,

Social Media Stocks Sector Analysis: FB, TWTR, LNKD, IACI, WB

In this post I want to take an intermediate-term and longer-term look at the charts of five social media stocks. The first three that I will look at are household names that you hear about ton a dailybasis (and probably use on personal level as well): Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD). But stocks like IAC/InterActiveCorp (IACI) and Weibo (WB) are smaller companies in the sector that are worth paying

Goldman Sachs Stock (GS): Why $230 May Be A Brick Wall

One could argue Goldman Sachs (GS) is one of the most important financial institutions on the planet for a myriad of reasons. So, writing about a potential SELL PATTERN that is present is probably not well advised. Well, as a pure play pattern recognition chartist, here’s the SELL PATTERN present on Goldman Sachs Stock. Note, we are finding resistance at the .786 retracement from the old all-time highs most recently.

The Rotation Report: Bulls And Bears Face Off At Key Level For Stocks

The switch has flipped. Bulls are struggling to figure out what they are bullish about, while bears know exactly what they are bearish about. That is a polar opposite versus 3 to 4 months ago and the broader view of the preceding 5 years. Don’t fight the fed and don’t fight the trend are en vogue for clueless drone traders and managers. With each new low in the Dow Jones Transportation Average

US Corn And Soybeans Weekly Review: All About The Yields

Tuesday’s Crop Progress report was the first this year containing “good-to-excellent” ratings by state for the US corn crop. Nationally the corn crop was rated 74% good-to-excellent for the week ending May 24th, 2015. The trade was anticipating a figure ranging from 75% to 80%. I do think the number could have been higher were it not for the cool weekend temperatures, which had a pronounced influence on the appearance

Intermarket Divergences Highlight Risks For Equity Bulls

When major stock market indices begin following different paths, they can sometimes warn of turbulence ahead. This month, two high-profile U.S. stock indices rallied to new highs while other indices in the U.S. and Europe formed strikingly lower highs – we wrote about the Russell 2000 non-confirmation earlier this month. In this post, we will present a quick survey of a few other intermarket divergences we have observed. If recent history is

Stock Market Bulls At Critical Juncture; Watch VIX Volatility Index

Bulls 1, Bears 1. Thus reads the scorecard so far this week. Clearly, stock market bulls have work to do if they want to keep the ball in their hands. Here are some high level takeaways: So far this week, both bulls and bears can claim victory Watch out if/when VIX breaks out of downward sloping Oct 14 trendline Stock market Bulls have the ball and it could prove costly if

Goldman Sachs Stock: Wait For The Coming Pullback (GS)

I recall tweet replies of the unkind nature when I suggested that selling Goldman Sachs stock (GS) near $170/share (a hair above tangible book of $166/share) didn’t seem like a very good idea to me. Fast forward a few months and GS stock is almost $210, and printing a number of DeMark indicators that suggest it finally needs at least a rest. Yesterday Goldman Sachs stock chart printed a daily TD

Dow Jones Industrial Average (DJIA): Technical Chart Update

Similar to other major U.S. stock market indexes, the Dow Jones Industrial Average (DJIA) has been moving higher amidst a considerable amount of market chop. As we near the end of May and the end of a seasonally favored market period, I thought it would be good to update readers on the current technical state of the Dow Jones Industrial Average. On October 15th, 2014 the Dow Jones Industrials (DJIA)