Chartology

Sector Update: Health Care and Biotech Stocks Hot

I recommended the Health Care Sector ETF (NYSEARCA:XLV) in my June 8th “On The Mark” newsletter, predicting a short-term move up to the 79/80 area. Today we’ll provide an update while looking at the red-hot biotech sector (NASDAQ:IBB) as well. XLV is now trading at 79.63 for a 3.8% gain in…

Crude Oil Trading Outlook Across Multiple Time Frames

In a recent edition of the Weekly Macro Themes report I talked about the likelihood of further short-term downside in the oil price based on a few factors. However this is a tactically bearish view and our view is that oil will go higher over the medium term as the market slowly…

Deutsche Bank Stock Chart Forming Bullish Buy Pattern

After bottoming in September of 2016, Deutsche Bank’s stock (NYSE:DB) nearly doubled (to $21 in January of this year). And the latest zig zag pullback is creating a potentially bullish buy setup for DB shares just below current prices. As you can see in the chart below, Deutsche Bank’s stock…

Nasdaq Futures Trading Outlook For June 22

Stock Market Futures Trading Considerations For June 22, 2017 Landlocked trading on the Nasdaq (INDEXNASDAQ:.IXIC) was the hallmark of yesterday. With generally sideways momentum, pullbacks will likely see buyers, delivering a lower high. Sellers are definitely present, though. Check out today’s economic calendar with a full rundown of releases.  And note that the charts…

How Does 2017 Compare To Stock Market Peaks In 2000 And 2007?

2000 Dot-Com Market Peak: The 200-Day Moving Average Was Helpful “I think one of the secrets to trading success is cutting down the number of trades you make.” –  Michael Marcus, Market Wizards A market’s 200-day moving average (thin red line in charts below) can assist in monitoring investors’ net…

S&P 500 and Nasdaq Futures Weekly Trend Analysis – June 19

THE BIG PICTURE – What’s Ahead? The Dow Jones Industrial Average (INDEXDJX:.DJI) and S&P 500 (INDEXSP:.INX) held and closed above their weekly opens while the Nasdaq (INDEXNASDAQ:.IXIC) pulled back to close out its next open gap before finding support near the the 50 day moving average. The Dow Jones remains the strongest of the big…

S&P 500 Futures Trading Outlook For June 19

Stock Market Futures Considerations For June 19, 2017 Range bound motion on the S&P 500 (INDEXSP:.INX) continues this morning as we approach resistance once more.  We are breaking above the top of the range resistance near 2440.5 to 2443.5. Breakouts seem likely with a run of stops ahead. Check out…

Equal Weight S&P 500 Playing To Bulls & Bears

A look at the Equal Weight S&P 500 has something for both the bulls and the bears. A hot, and much debated, topic of late in equity market circles is the issue of market breadth. As a refresher, breadth refers to the level of participation among all stocks in the…

Are Small Cap Stocks Due for a (Relative Strength) Rally?

With the Fed rate hike now in the rearview mirror, traders still appear unsettled by the relative calm in the equity markets, marked by compressed daily trading ranges and intraday reversals. Rather than attempt to predict the direction of the equity markets over the next several weeks, we’d prefer to…