Chartology

Stocks Reach New Highs, But Risk Continues to Loom

S&P 500 Ticks Higher, but Market Risks Loom Stocks continue to show strength in the face of bearish market cycle forces. Last week saw another hiccup, but bears couldn’t capitalize on the pullback. Let’s see what this week holds. Stock Market Summary and Weekly Cycle Forecast: The S&P 500 (NYSEARCA:SPY)…

Global Stock Market Showing Signs Of Pulling Back

We’re starting to see hints of a global pullback for the first time all year. This week, we saw Emerging Markets (NYSEARCA:EEM) make a lower low and confirm a key trend break of the year long uptrend. Emerging Market ETF (EEM) Chart The All Country World Index ex-US (NASDAQ:ACWI) is…

Natural Gas Sees Lowest Close Since February

Prompt-month Natural Gas prices recorded its lowest close since February today. This comes amid milder weather forecasts as holidays approach. It could be tough sledding for Natural gas futures in the weeks ahead, as seasonality trends show the month of December to be neutral, and January bearish. The technicals aren’t…

S&P 500 Elliott Wave Analysis Warns Of Wave 5 Top

While adhering to our unique methodology, we remain cognizant of other types of technical analysis. One of these is Elliott Wave Analysis. Today we’ll update readers on our long-term S&P 500 (INDEXSP:.INX) Elliott wave count. You can read our prior update here. First some background… In the 1930’s, Ralph Nelson…

DeMark Indicators Could Spell Trouble For Biotech Stocks

Biotech stocks and the Biotech Sector have been a volatile space for investors this year. One month they are rallying, the next they are pulling back and bearish. Right now, the Biotech Sector ETF (NASDAQ:IBB) is the latter.  The Biotech Sector (IBB) has fallen around 10 percent in the past…

Gold / Precious Metals Sector Could Be In Trouble Here

Back in early November, I shared a 6-pack of charts showing that Gold (NYSEARCA:GLD) and the broader metals sector were all testing key price support levels. Well, those price levels appear to be giving way to the downside. And this could be warning of lower prices to come. In the…

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…

S&P 500 Futures Trading Outlook For December 6

Stock Market Futures Trading Considerations For December 6, 2017 The S&P 500 (INDEXSP:.INX) is trading near important price support on Tuesday morning. Stock bulls will need to defend 2620 on futures. In the commentary below I break down the trading setups for both futures indices along with crude oil. Note…

Beaten Up Internet Stocks Could Soon Recover

There’s been an assumed rotation out of some of the best performing internet stocks of 2017, seeing several decline by double digits over the past two weeks. And it is this selling that has given some traders a reason to pause. However, looking at the index of Internet stocks, the…