Chartology

Gold Update: January Pullback May Be Short-Lived

The SPDR Gold Shares ETF (NYSEARCA:GLD) experienced a small pullback intra-week, taking cues from treasuries – I’ve noted before that the price action for gold has been closely tied to the action in the treasury market. I provided an update here last week on the $TLT (20+ year treasury bond ETF). But back to…

Are Large Cap Growth Stocks Poised For A Breakout?

Index of Large Cap Growth Stocks Testing Major Breakout Resistance Strategists seem to be split in terms of the stock market’s posture at this time. One contingent views the recent consolidation as a healthy digestion of the post-election rally prior to the next leg of advance. The other side views it as…

Will 2017 Turn Into Another 1982 Bull Market Breakout?

Stocks Must Overcome 2017 Gloom Even with the backdrop of numerous positive technical developments, it may be difficult to envision the stock market moving higher given skepticism has been lingering for several years. The tone of reporting from this week’s World Economic Forum has had a decidedly pessimistic slant. How…

S&P Industrials Sector: Short-Term Trading Longs To Consider

The S&P Industrials Sector (NYSEARCA:XLI) is trying to breakout based largely on CSX Corp’s (NASDAQ:CSX) gap higher, but other stocks like Norfolk Southern (NYSE:NSC), Union Pacific (NYSE:UNP), Alaska Airlines (NYSE:ALK) and Emerson Electric Co (NYSE:EMR) all higher today as well. One thing to note, however, is that daily charts now show…

5 Charts For Global Investors: Key Market Trends

It’s time for another set of 5 macro technical charts to watch as we move further into the month of January (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded…

Treasury Bonds Update: Mapping The Possibilities In Early 2017

Back in mid-December, I provided a ‘heads up’ that the bonds were oversold and that active investors should expect a bounce. The levels highlighted in that post worked and treasury bonds (NASDAQ:TLT) are currently in the midst of a bounce. Right now, I believe there is more work to be done on…

Shares Of Amazon (AMZN) May Be Headed Lower Soon

In August of 2016, shares of Amazon (NASDAQ:AMZN) were zooming higher. Investors were feeling giddy and it was apparent that I needed to do some chart pattern analysis for traders So on August 8th I wrote a post about Amazon’s rally prospects. And more importantly, I highlighted some price targets for…

Stock Market Futures Weekly Review & Outlook – January 16

THE BIG PICTURE Consolidation on Dow Jones futures (YM) and S&P 500 futures (ES) seems to be the trend of 2017 as Nasdaq futures (NQ) steams ahead and leaves the indices in its dust trail. Week two, day four (1.12.17) seemed to be the hope of some correction in the market,…

Why I Warmed Up To US Treasuries

During the summer, I put out a lot of very bearish commentary about the Treasury market. There were numerous technical reasons for the call. In addition, and I know it seems so long ago, was this almost universal opinion that yields on the long end of the curve were going to…

Weekly Stock Market Outlook: Optimism Running High

Weekly Market Outlook & Technical Review January 13th In this research note, we will look at some key stock market indicators, the health of the S&P 500 Index (INDEXSP:.INX), and a handful of emerging themes that we are watching in our investing research: Stock Rally Has Stalled – The S&P 500…