Chartology

S&P 500 Trading Chart: Can The Rally Surpass Key Resistance?

As I’m writing, major stock market indices are reversing back higher. Below is a chart highlighting some key price levels for S&P 500 Futures. As the S&P 500 (INDEXSP:.INX) is the broadest indicator of U.S. equities, it’s highly traded (and tracked) by active investors. On the downside, the key level…

S&P 500 Futures Trading Outlook For September 27

Stock Market Futures Outlook for September 27, 2016 – After the Presidential debate last night, we still remain landlocked, though the charts did show quite a bit of weakness prior to the bounce. I’ll be watching the S&P 500 (INDEXSP:.INX) for signals that this weakness might continue. S&P 500 futures still sit…

Can The Precious Metals & Mining ETF (XME) Hold Its Breakout?

It’s no secret that one of the biggest laggards within the equity market over the past 5 years has been the precious metals & mining group. After a blowoff top in 2008, the space absolutely cratered. Following the broad stock market bottom in 2009, the sector rallied along with the…

Gold And Silver Update: Are Bulls On The Verge?

One of the themes of 2016 has been the revival of Gold prices (NYSEARCA:GLD). After reaching new multi-year lows in late 2015, Gold has regained some luster with a strong multi-month rally in 2016. But it isn’t fully out of the bear market woods just yet. Both Gold and Silver prices…

Nike Stock Chart (NKE): 7 Year Trend Line Getting Tested

One of the steadier stocks, and companies, in the U.S. stock market over the last half decade has been Nike (NYSE:NKE). It is currently testing a key level on its chart, however, that may present a challenge to its longer-term uptrend. Let’s look at chart below and discuss some key…

Major Commodity Index Has Rallied Back To A Pivotal Level!

Select commodities have done well this year, especially those in the Energy and Precious Metals space. These heavyweights have done enough to push the Thompson/Reuters Commodity Index higher this year. The rally has brought the index back up to an important level:  A test of a key long-term support line…

Wells Fargo’s Stock (WFC) Declines: Downside Price Targets

Wells Fargo’s stock price (NYSE:WFC) has spent much of 2016 trading between $44 and $51 per share. But that range could get broken to the downside when looking at the stock chart and using fibonacci analysis. Looking at the chart below, we can see that each of the past three…

Treasury Bonds ETF (TLT) On Verge Of Turning Bearish

In our June post about treasury bond futures and the related iShares Barclays 20+ Year Treasury Bonds ETF (NASDAQ:TLT), we suggested that both were showing signs of topping out. In the months since then, treasury bonds and the TLT have made downward moves that we are watching as the possible…

Tech Sector Review: Apple (AAPL) Joins The Party

The tech sector has been the space to be in the last three months. Anyone involved in financial markets is well aware of that. But the recent strength in Apple, Inc. (NASDAQ:AAPL) has been adding some fuel to the tech rally and its outperformance of the broad stock market indexes….

Facebook Stock Chart (FB): A Big Move Is Coming Soon

Facebook stock price has been sitting between $122-$132 since breaking to new highs in July. At it’s current price, Facebook (NASDAQ:FB) is also sitting inside a tightening wedge on it’s long-term log scale chart. And this should open the stock up to a big move before year end. But more on…