A few weekly charts (the index, the primary chip maker, an equipment company and a materials company) to gauge the progress of this sector that was so hard to get…
It's time again for the big picture perspective views on some key US indexes. Dow is still on the breadth thrust script (i.e. potential manic upside/ending action). S&P 500, same…
It's time again for our 'Gary's too lazy to do short-term charts with all sorts of details and parameters' big picture monthly charts of US indexes. The S&P 500 popped…
The Semiconductor Index has filled a gap and maintained a series of higher highs and higher lows. So what did I do? Nothing, other than take profits on a couple…
Here are the updated charts from this morning’s update. SPX and Dow are at resistance, NDX is at its first resistance level and SOX is approaching the 670 area, which was identified as its key resistance.
SPX and Dow nudged above yesterday’s highs and could open the door to further bouncing, but even if they get through resistance – as SOX potentially bounces to 670’s – the 50 day averages would represent more resistance. It was a good day for the bulls, short covering or not. But the bears took the ball away from the bulls on Monday and they still have it for now.
In an earlier subscriber update, we looked at the key bounce parameters for SPX, Dow, NDX and SOX using daily charts. In a public post a few weeks ago we…
Since the market is up handily in ‘pre’, I wanted to get you a look at what it would take to negate the technical damage of the last 2 days, with very simple daily charts of the headline US indexes (plus the SOX). This can be applied generally, to any index or stock for that matter. As of now in pre-market, these items are still well below key resistance levels.
I am prompted to write this article because TA's are starting to pick up on the Semiconductor index's bullishness and even the overwhelmingly bearish website, the Daily Reckoning is calling…
An interesting view of two items that are still bearish and one item that is not. This is one of many multi-index charts we use for US and global markets…
Sometimes my charts get noisy with all the moving averages, momentum indicators, volume, different time frames, inter-market ratios, etc. For this post, some very quiet monthly charts. Let's start with…
We looked at 'em pre-market and now I have removed my drawn-in candles as the market's actual candles have blown them away. Here is what is going on. INDU is…
We noted the NDX/SOX roadmap in a post on Wednesday using weekly charts. SOX daily is doing something not very nice at the open. The Semis are a leader for…
While it seems to take forever for the S&P 500 to choose a plan (correction/bear market or resumed bull) some behind the scenes discussion can be helpful. The market seems…
Being a visual learner (as opposed to a facts and figures learner) I always like to look at the market's pictures in order to tune out idiotic and/or emotional headlines.…