Top Trading Links: Market Cycles, Setups, and All Time Highs

The stock market’s resilience has been amazing. The Russell 2000 (RUT) and S&P 500 (SPX) made new all time highs this week and the NASDAQ Composite (COMPQ) has made new 52 week highs (just off its all timers). It’s been important to truly keep an open mind. If we continue to rally, let’s keep in mind some layered resistance starting at the S&P 500’s fibonacci extension level around 2138. Time to dig

US Dollar Chart: Is A Deeper Pullback Coming?

The US Dollar Index has been flexing its muscle since last summer and is up over 20% in less than a year. When putting the US Dollar rally into perspective, it truly has been rare and historic. Will the “historic” rise equate to a major long-term trend change higher? Perhaps. But there is something that investors of all asset classes should be aware of regarding King Dollar right now: momentum has

Are Crude Oil Prices Ready To Trend Higher? [VIDEO]

Nearly 4 months ago, I wrote a research post on the state of the Crude Oil prices. Here’s a excerpt from that post: “Consider also watching for price and momentum to be in unison. If you miss the initial entry, a pullback on an intraday basis can offer another opportunity. When all trends line up on a daily and intraday basis, the probability of it continuing in trend is more likely.”

Trend Turns Higher For Energy Sector ETF (XLE)

Recently the energy sector as represented by the Energy Select Sector SPDR ETF (XLE) has been showing some positive price action on both traditional and P&F (Point and Figure) charts. No doubt the recent rally in Crude Oil prices has helped. Today, I want to focus my attention on the P&F chart for XLE (see below). There are two very quick takeaways: 1. The downtrend which started in the summer

Top Trading Links: Putting The Markets In Perspective

It’s a critical time for market participants to keep an open mind. That aphorism is sage advice, to an extent. When trades and markets turn against us, we often see things we want to see and over-complicate things trying to rationalize why the markets aren’t behaving how we’d like. We still have a few weeks of earnings reports, so there will be plenty of noise. Perspective: The S&P 500 is

Flickering Hope In The Energy Sector: A DeMark View

Over the last couple of weeks I have been tweeting that the credit market for the Energy Sector (and select energy related names) seems to have made a turn for the better, albeit at levels that are still stressed. That sentiment is now spilling over into energy stocks. Looking at some DeMark charts of the Oil Services ETF (OIH), they show levels that, if a couple of things fall into

Emerging Markets (EEM) At Critical Juncture: Implications Abound

After a rough 2014 that carried over into early 2015, the Emerging Markets ETF (EEM) have finally begun to show some strong relative strength to the S&P 500 (SPX). But there are several reasons to watch this relationship beyond the two ticker symbols mentioned here. Before I dig into the relationship between the S&P 500 ETF (SPY) and the Emerging Markets ETF (and other implications), perhaps we should briefly recap Ratio

Oil Services Index (OSX) Rallying Off Dual Support Zone

Last week, I shared a research study highlighting why Crude Oil may be setting up for a rally. So far so good. And the rally is benefitting another related energy index – the Oil Services Index (OSX). Why is this important? Because it indicates that business activity related to Crude Oil (drilling, pumping, manufacturing, pipeline work, etc.) is ticking higher. And this typically occurs when Crude Oil prices are stabilizing or

Top Trading Links: Earnings, Geopolitics, And A Heavy Dose Of Research

Three major themes this week in the market are earnings season, Charlie Munger and the inflation trade and related debates. We’ll cover these and more in this week’s Top Trading Links.   Market Insights @andewnyquist makes an excellent point in his S&P 500 update: “Why hasn’t the market collapsed under this bevy of divergences and slowing momentum? The likely answer is demand. There has been enough capital flowing into U.S.