Chartology

Bitcoin Trading Outlook For 2018: Yearly Pivot Points

2017 was a breakout year for Cryptocurrency. Bitcoin, Ethereum, Litecoin and others rocketed higher as the message spread. Will the trend continue in 2018? Today we’ll look at the outlook for Bitcoin, highlighting the yearly pivot points for traders. Bitcoin Yearly Pivot Points Bitcoin (BTC.USD) in 2018 has KEY support on the…

Crude Oil: Large Speculators Most Net Long Ever

The following chart and data highlight non-commercial commodity futures trading positions as of January 9, 2017. This data was released with the January 12 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below look at non-commercial futures trading positions for crude oil. For the week,…

Utilities Sector ETF (XLU) Looks Ready To Bounce

The Utilities Sector ETF (XLU) has been in a pretty good correction over the past several weeks. Could that be coming to an end?  At least from a short-term trading perspective? Looking at the chart below, you can see that the Utilities ETF (XLU) is holding above its 61.8% Fibonacci…

Natural Gas Update: Cold Weather Brings Heavy Demand

Prompt-month Henry Hub Natural Gas prices have traded up 30 cents in the last 2 days as cold weather looms next week. And this comes on the heals of an already budding rally in Natural Gas. There are two key charts to look at here for Natural Gas – Price…

Russell 2000 Spotlight: Small Cap Stocks Outperforming

The Russell 2000 and small (and micro) cap stocks have been outperforming of late. This pick up in near-term strength bodes well for small caps over the coming week, but it should be noted that the broader indices like the S&P 500 and Dow Jones Industrial Average are nearing exhaustion….

Market Seasonality Composite Charts For Stocks & Bonds

Earlier this week, I shared some stock market seasonality charts on my research blog and Twitter feed.  I’d like to highlight a couple of those right here on See It Market. The charts below look back over the past 27 years (1990-2017) and put together a composite yearly seasonality chart….

Precious Metals Update: Gold Bulls Patiently Waiting

The iShares Gold Trust (GLD) rallied into year-end and is now in a consolidation. Gold bulls (especially near-term) are patiently waiting for its next move. A breakout of the recent consolidation would put 130-135 in view for the Gold ETF (GLD). On the GLD weekly chart, the yellow metal remains…

Stocks To Bonds Ratio (SPY/TLT): Parabolic Rally

One of the more interesting relationships to watch is the price relationship of stocks to bonds. Investors can watch this performance battle using a ratio of the S&P 500 (SPY) to the 20 Year Treasury Bond ETF (TLT). If this SPY/TLT ratio is heading higher, stocks are preferred to bonds….

S&P 500 Reaches Minimum Price Target Objective

Just a quick heads up that the S&P 500 Index officially reached the minimum upside objective of 2750 that I have been talking about for the last couple months. This is based on the bull flag pattern in November 2017. See S&P 500 chart below. Just a friendly reminder that this…