Pimco High Income ETF Breakdown Would Be Bad For Stocks!
Watching high income (or high yield) bond funds has always been a good indicator of risk for the overall market, especially for stocks.
Today's chart...
Chinese Stocks May Offer Opportunity On Weakness Into Month-End
Asian stocks are pulling back and opportunity may soon be knocking.
Today we look at the stock market pullback in China / Hong Kong and...
Does the Transportation ETF (IYT) Hold Fate of Stock Market?
When the market struggles to decide which direction to travel in, we tend to see increased volatility.
Throughout last week the market was struggling to...
Litecoin and Bitcoin Cash Set Up For Minimum 3 Elliott Wave Drop
Crypto-currency is in the news with the past several weeks experiencing extreme price volatility.
Today, we look at two crypto-currencies: Litecoin (LTCUSD) and Bitcoin Cash...
Airlines Uncertainty Continues To Weigh On Stocks
Airline stocks are moving into the fall months with a lot to prove, from a time and price perspective (looking at the charts) as...
How Momentum Plays A Role In Russell 2000 (IWM) Performance
Representing 2000 small-cap companies, the Russell 2000 (IWM) gives a great view of the overall market picture.
Recently we talked about watching our Real Motion...
Is The Bear Market In Treasury Bonds About To Resume?
US Treasury bonds experienced a bear market and added selling pressure following the coronavirus flash crash as bond yields bottomed in early 2020 and...
S&P 500 Index Faces Bearish Cycle and DeMark Exhaustion
Over the past 4 months, a 32-calendar day Low-to-Low cycle has formed for the major stock market index the S&P 500.
This cycle has to...
Investors Shrug Off Bad Jobs Report Ahead of Labor Day
Friday, the Jobs report showed 235,000 new jobs reported for August. Â
This was not good news since the estimate was roughly 500,000 higher.
Ouch!
However, the major...
Important Price Levels for S&P 500 and Amazon Stock $AMZN
In the course of my work as a technical analyst, I’m often asked about price support and resistance levels.
Why do specific price levels seem...
