Posts From Chris Ciovacco

Chris Ciovacco
Chris Ciovacco graduated summa cum laude from The Georgia Institute of Technology with a co-operative degree in Industrial and Systems Engineering. While at Georgia Tech, he gained five years of valuable experience at IBM. Chris also worked for the Georgia Tech Physics department as a teaching assistant leading an undergraduate lab. After accepting a position with Morgan Stanley in Atlanta, Chris received extensive training which included extended stays in NYC at the World Trade Center. After five years at the large wire house, he founded his own money management firm, Ciovacco Capital Management (CCM), in late 1999. His areas of expertise include technical analysis and market model development. CCM’s popular weekly technical analysis videos on YouTube have been viewed over 600,000 times. Chris’ years of experience and research led to the creation of the thoroughly backtested CCM Market Model, which serves as the foundation for the management of separate accounts for individuals and businesses.
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How Concerned Should Investors Be About North Korea?

North Korea and the Stock Market Tension between the United States and North Korea should always be taken seriously and is relevant to our investments. However, it is prudent to evaluate present day circumstances in the context of geopolitical and market history. The chart below looks at the S&P 500…

Stocks At New Highs: Profits, Charts, Or Both?

S&P Profits Are corporate results improving or is the S&P 500 (INDEXSP:.INX) and broad stock market indices rising based purely on technicals? From The Fat Pitch: “The headline numbers for 2Q17 financial reports are good: S&P profits are up 19% year-over-year; sales are 6% higher; profit margins are at new highs….

“Running Of The Bulls”: 3 Charts Illustrating The Bull Market

Markets Were In Conflict From 1996 to 2013 According to stockcharts.com, trading ranges speak to a fairly even battle between stock market bulls and stock market bears: Price action depicts a market in conflict. Only until the price breaks above resistance or below support will it be clear which group has…

[VIDEO] Charts, History, and Market Fractals

If you like markets, charts, history, and fractals, then you’ll enjoy this week’s stock market video. This Week’s Stock Market Video:  Market Fractals We’ll look back at select periods of time and examine the charts… then and now. These fractals of price action can help investors better understand market behavior,…

This Chart Says The Bull Market May Just Be Getting Started

The Value Line Geometric stock index (NDEXNYSEGIS) contains approximately 1,675 companies from the NYSE Exchange, American Stock Exchange, Nasdaq and over-the-counter market. In this post, we will be focusing on the Value Line Geometric Index (the original equally-weighted index), which provides a very broad measure of the stock market’s health,…

History Shows That Consolidation Periods Lead To Bull Markets

Taking A Big Step Back – Stock Market Consolidation Periods The expression “the market needs to consolidate its gains” applies to all timeframes, from 60 minutes to 60 years. The chart below shows the NYSE Composite (INDEXNYSEGIS:NYA) consolidating between 1965 and 1982. After the consolidation period ended, stocks surprised on…

NYSE Composite Breadth/Volume Still Favors Bullish Trend

An August 2016 analysis outlined a long-term bullish signal for stocks that has occurred only ten other times in the last thirty-five years. If we fast forward to July 2017, is market breadth/volume aligning with or contradicting bullish data we have in hand? The chart below shows up/down volume (1996-2010) for the NYSE Composite…

Nasdaq Bends… But Major Trends Don’t Break

Facts Instead Of Forecasts The definition of a fact is a thing that is indisputably the case. The chart below shows the long-term trends in the NASDAQ rolling over in late 2007. The chart presents a set of indisputable facts. Notice in late 2007/early 2008: The fastest weekly moving average (blue)…

Investing Trends: Why It Pays To Stay In The Now

A Simple And Powerful Concept Eckhart Tolle’s New York Times Best Seller The Power Of Now has sold over 3 million copies worldwide and has been translated into over 30 languages. The basic premise of the book is captured in the excerpt below: “Nothing has happened in the past; it…

Dow Theory And What It Means For The Primary Bull Market

Charts Monitor, Rather Than Dismiss Fundamental Data Critics of technical analysis often mistakenly believe that using charts discounts the importance of fundamental data, such as earnings, employment, and economic growth. Charts allow investors to monitor the aggregate investor interpretation of all the fundamental data. Said another way, charts are efficient…