Listen you bloated, levitating, sideways going Pig, will you please either break above that red line and the post-FOMC euphoria highs of 9/22 or drop to or through the lower…
Me neither. Boston Scientific (BSX) was a very successful NFTRH+ long idea nearly a year ago (w/ updates along the way). Today? Not so much (indeed, I gave it a…
A quick and simple visual on 2 of our primary markets of interest. SPX and the general US stock market are bouncing after dropping early. The market gapped down yesterday…
Much like with the gold stock sector, there was support and then there was best support. SPX failed support today in grand fashion as it lost the 50 day moving…
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…
SPX daily is at the top trend line of what could be a wedge. Huey is in a robo trend up in a channel. SPX weekly shows the 1.5 year…
I am expecting a pullback in the near-term due to over bought daily charts and over bullish sentiment, but the fact is that SPX is in blue sky and measures…
Sometimes simpler is better. For months now, and right through the Brexit drama we have been noting simple technical and fundamental items like a NYSE breadth ramp up (see bottom…
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…
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.
You cannot call yourself a bull if SPX declines to 1925 and you are not buying there. Me? I am not a bull, but I am someone who, if the…
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…