Posts From Andrew Thrasher

Andrew Thrasher
Andrew Thrasher is a Portfolio Manager with the Financial Enhancement Group, a central Indiana-based asset management firm. He specializes in technical analysis, creating proprietary strategies and economic models implemented both professionally and personally. Andrew currently holds the Chartered Market Technician®, Accredited Wealth Management Advisor SM and Accredited Asset Management Specialist SM designations; Andrew is also a member of the Market Technician Association, holds a Series 65 securities license.
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Is This Gold Breakout For Real: Watch The Japenese Yen!

There’s been a lot of discussion recently of the breakout in gold prices. The yellow metal had been trading in a range for the last several months, seeing resistance just under $1,300/oz and support at $1,220/oz. While I do believe the breakout is encouraging and does align with seasonality for…

Is The VIX Volatility Index Signaling Caution Here?

I’ve had a great response to my Dow Award paper, Forecasting a Volatility Tsunami, with it being downloaded over 3,000 times since April. I really appreciate the support and the positive feedback I’ve received so far. Last week I had the opportunity to do a webcast with the Market Technicians…

Higher Volatility Ahead For Stocks? This Ratio Says So

One of the great things about being a technician is the ability to constantly explore new charts and look at markets from all angles. The Volatility Index (VIX) has gotten a lot of attention lately as it gets to historically low levels. Charlie Bilello, CMT  pointed out that the VIX…

Successful Investors Have One Thing In Common: A Process

One of the great things about investing is the many ways that people approach it. Throughout history it’s been shown that hundreds (if not more) ways have been used to turn a profit within the stock market…. Whether you use fundamentals, technicals, astrology, or hire a monkey to throw a…

Stocks Bonds Performance Ratio Testing Resistance

We are close to finishing out the historically bearish period of seasonality for equities. And while we didn’t see any kind of crash that many traders were expecting, the S&P 500 (NYSEARCA:SPY) is up nearly 4% and saw just a 5% drop back in June. Overall, it wasn’t a terrible summer…

Copper Prices May Fall Further In 2016 As Headwinds Mount

While copper has seen a sizable rally off the 2016 lows, it’s still in a downtrend. And this trend currently appears to be ready to continue lower based on a number of notable headwinds. Bearish headwinds include current price action, momentum, seasonality, and money flow. I’ll dig into each of these…

S&P 500 Sector Strength Confirms Broad Market Rally

Want to find something bearish on the market? It’s not hard to throw a rock and find a piece of pessimistic data or commentary that will feed an equity bears appetite. I know my personal bias is to lean more cautious when evaluating the markets, but when the data that I…

S&P 500 Declines Into April Highs: Will This Support Hold?

That’s a great question.  No one knows with any certainty which is why we follow the price action and (indicators related to price). They help investors manage risk/reward. The S&P 500 chart below was shared this morning on my Twitter feed this morning with the following comment: “S&P 500 testing…

Market Breadth Indicator: Large Cap Stocks In Favor

It’s been a tough market to figure out for traders. And with so many pieces of research that work both for and against market bulls and bears, it’s apropos that the stock market has been stuck in a trading range. Today, I’d like to look at another slice of the research…