Posts From David Keller

David Keller

David Keller, CMT, is an experienced technical analyst and behavioral finance expert. He has spent his career helping financial professionals improve their performance by understanding market dynamics and investor psychology. David was most recently a Managing Director of Research for Fidelity Investments in Boston. He managed the Technical Analysis team at Fidelity Management and Research, as well as the legendary Fidelity Chart Room. David is a Past President of the Chartered Market Technician (CMT) Association. He is also a member of the American Association of Professional Technical Analysts, the International Federation of Technical Analysts, and the Academy of Behavioral Finance & Economics and has lectured on technical analysis and behavioral finance as an Adjunct Professor at the Brandeis University International Business School in Waltham, Mass. David is a classically trained musician and student pilot, and resides in Avon, Ohio with his wife and two children. He received degrees in Music and Psychology from The Ohio State University.


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S&P 500 Reaches Minimum Price Target Objective

Just a quick heads up that the S&P 500 Index officially reached the minimum upside objective of 2750 that I have been talking about for the last couple months. This is based on the bull flag pattern in November 2017. See S&P 500 chart below. Just a friendly reminder that this…

S&P 500 Breadth Study: Market Cap Tiers (2007 vs Today)

One my favorite ways to measure market breadth is to look for confirmation from indexes covering different parts of the equity markets. This is based on the foundational work of Charles Dow, who wrote in the early 1900’s about the importance of the stock market “averages confirming each other.” While…

Is Alphabet Inc. (GOOGL) Nearing A Tradable Bounce?

I am writing a new blog discussing how stocks often find support and resistance at big round numbers. Today I’d like to share one of those examples: Alphabet, Inc. (NASDAQ:GOOGL). Better known as Google… let’s dig into this quick “chart” blog. Google (GOOGL) has pulled back to the big round…

Introducing the 20/40/60/80 Portfolio

One of the ways I like to evaluate market breadth is to look at four stocks within a large index. I look at the returns over a period like the last six months, and take the stocks at the 20th, 40th, 60th and 80th percentiles. This can be a helpful…

Visuals Help Investors… And No Need To Be Complicated

As you can probably guess from my career as a technical analyst, I am huge fan using data visualizations to tell the story. Earlier today, I actually brought up Excel to tinker with a VBA module and my eyes immediately started to glaze over.  So when I first read Edward Tufte’s Beautiful…

Surprising Strength In Utilities Sector: 5 Stocks To Watch

With the market taking a breather this week, I wasn’t surprised to see the Utilities Sector (NYSEARCA:XLU) at the top of the daily returns list. One of my favorite ways to break down a sector is to start with the largest stocks and “bucket” them by chart patterns. This process…

S&P 500 Index: My Approach To Short-Term Market Concerns

I often talk about the importance of following your process (and the trend) with investing. It’s also important to understand how markets can come undone (i.e. when to see the flashing yellow light). Though the broader trend is still higher, we’ve seen some short-term concerns emerge. So how do we…

No Need To Panic On Outside Days

The S&P 500 Index (INDEXSP:.INX) put in an outside day on Monday. This deserves respect from traders and investors of all time frames, as well as an understanding of what it may mean for your time frame. As a long-term investor, I’ve built out my technical toolkit to help me capture…

3 Things I Learned From Mike Epstein

I was honored to receive the Mike Epstein award last week in New York from the MTA Educational Foundation.  This is an award given “for support of the MTAEF mission, and being an outstanding advocate of Technical Analysis.” I got to know Mike Epstein toward the end of his career, when…

Breakout In Transports: The Essence Of Dow Theory

When Charles Dow first wrote about industrial and railroad stocks in the Wall Street Journal, he stressed the importance of the averages confirming one another. The theory being that if both the industrials (the producers of goods) and the railroads (the distributors of goods) were doing well, then the economy…