Chartology

5 Sector Charts To Watch During The Market Correction

It’s been a wild ride to end the summer months. In my June market update, I noted that the stock market was showing signs that a new cycle was forming as the Cyclicals sector was making its way back onto our radars. Cyclicals tend to lead in “late bear markets”…

Bonds Run Out Of Gas; TLT Caught In Limbo

In the past five weeks, all things in the world of bonds have done a lot of running… but on the treadmill. The popular bond ETF, the iShares 20+ Year Treasury Bond (TLT) is essentially unchanged during that time (at $120.98). But if there was any movement, it was mostly to the upside. Once…

Two Stock Market Indicators That Highlight ‘Selling’ Environment

When looking at the market, moving averages are often used to help define trends and locate levels of possible support and resistance. Momentum indicators are also used to evaluate the ‘health’ of market trends and determine whether they are sustainable. And both of these stock market indicators bear importance for…

Gold Prices Held In Check As Fed Rate Hike Fears Linger

While the debate continues as to whether or not the Federal Reserve will hike rates in its upcoming meeting in two weeks, gold prices are giving off vibes as if it expects one. Yesterday was a risk-off session as far as equities were concerned, with the S&P 500 Index down…

Market Risks Rise As NYSE Composite Breaks Support

The S&P 500 is now down around 7 percent on the year, while the NYSE Composite Index is down around 9 percent year-to-date. Is the very long-term bull market still in play? Yes it is! But that doesn’t mean that there aren’t market risks over the short-term. The chart below…

Are The Financial Markets Turning Into Mr. Toad’s Wild Ride?

Folks, if you’re reading this blog it’s assumed you have some interest in the financial markets and, to a certain extent, the art of “technical analysis.” In order to lighten up the technical aspects of looking at a chart I’ve included a couple of pictures to describe my personal feeling…

Macro Market Outlook: Crude Oil Jumps; Stocks Not Out Of Woods

No doubt, last Monday’s open marked important lows across the globe. Maybe we won’t see them for awhile. But downside momentum for stocks has been strong and we haven’t even broken meaningful breakdown pivot levels yet. Let’s not get ahead of ourselves with ‘but nobody is expecting a V bottom’…

An Oil Gusher: How Crude Oil May Have Drilled Out A Bottom

With Crude Oil (WTI) Drilling Lower Almost Everyday, The Market Finally Hit Oil And A Geiser Erupted… I have been looking for a potential bottom in crude oil for a couple weeks now, and it appears we finally have a meaningful low. Prices erupted Thursday and Friday to finish the…

Is The US Dollar Correction Over?

The US Dollar correction began in March, following a top and ensuing retest that failed in April. It has lasted about 5 months thus far and is likely to end soon (if you believe that a new bull market has started). And after the recent thrust lower, many traders are wondering if…