Posts From Mark Arbeter

Mark Arbeter
Mark is currently the President of Arbeter Investments LLC and runs a newsletter entitled "On The Mark" focusing on technical analysis of the U.S. markets. Mark recently ended a 26 year career with Standard & Poor’s Equity Research as their Chief Technical Strategist. He made several important market calls, focusing on the intermediate to long-term. Mark is a traditional chartist with a broad understanding of technical analysis, including chart reading, momentum analysis, intermarket analysis, sector analysis, sentiment, and Elliott Wave. He is a Chartered Market Technician, holding a degree in Finance and Economics from Temple University and an MBA from Rider University. You can follow Mark on Twitter and StockTwits: @MarkArbeter.
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Crude Oil Prices Pull Back From Highest Levels Since July 2015

West Texas Crude Oil (WTI) is currently trading just above $57/barrel, after pulling back from the $59 level. The recent highs mark the highest level for WTI crude oil prices since way back in July 2015. On a daily basis, the 14D RSI recently hit extremely overbought territory, also for…

S&P 500 Update: Will Strong Holiday Seasonality Boost Stocks?

General Market Observations For November 28: The Conference Board’s Consumer Confidence rose to 125.90 in October, the highest since the end of 2000. Is this bullish or bearish for the stock market? We will take a look. While the NYSE cumulative and common stock only advance – decline line both…

Gold Chart Update (GLD): Back In A Trading Range

The last 2 months haven’t been kind to Gold bulls. The precious metal appeared to be breaking out in early September, but that breakout attempt failed miserably. Today we’ll take a look at the chart of the Gold ETF and provide an update. SPDR Gold Shares ETF (NYSEARCA:GLD) The Gold…

S&P 500 Chart Spotlight: Higher Prices Into 2018

S&P 500 LONGER TERM The S&P 500 (INDEXSP:.INX) may be vulnerable to a pullback over the coming days/weeks, but that should produce another buying opportunity for active investors. I have a wide buy zone between 2490-2530 on any pullback. Today I want to look out a bit further. Let’s discuss…

Treasury Bond ETF (TLT) Chart: Something For Bulls & Bears

The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is rallying off key lateral price support. This bounce has neutralized the immediate bearish case… but it could still play into a bearish head and shoulders topping pattern. Time to take a closer look at the chart. Bond Bulls: On the daily chart…

Crude Oil Chart Spotlight: Will Near-Term Price Support Hold?

Crude Oil Chart – Daily   West Texas Crude Oil (WTI) is currently sitting under $50 per barrel. After bouncing off its 200-day average and chart support near the August highs, crude is at a crossroads… and in danger of rolling over. If crude oil is going to extend higher,…

Gold Chart Spotlight: Bulls On The Ropes…

iShares Gold Trust (NYSEARCA:GLD) Analysis & Outlook: Our steadfast bearishness toward the yellow metal, even as the world turned bullish, is paying off. Gold prices (GLD) are sitting slightly below the key 123 level and I’d like to see additional weakness (2% below 123 – we’re almost there) to confirm…

Can Tech Stocks Regain Mojo? 5 Charts For Traders

I have been concerned about the Nasdaq 100 QQQ PowerShares ETF (NASDAQ:QQQ) and the NASDAQ Composite (INDEXNASDAQ:.IXIC) since last month when we saw another breakout failure and then formed the diamond pattern shown in the chart below. The Nasdaq 100 has fallen 4 days in a row, while the Nasdaq…

Crude Oil Price Outlook: Risk/Reward Favors Bears

West Texas Crude Oil (WTI) bounced up near $49/$50 last week after holding chart support in the $46 region. But that price area represents strong resistance. And it is showing today as Crude Oil and related ETFs (NYSEARCA:USO) are falling today. Crude prices remains highly volatile from day to day…