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» Technical Analysis

  • Bits and Pieces From Around Global Markets
    By on May 26, 2014 | No Comments  Comments
    After months of anti-government protests a military coup began yesterday in Thailand. Its stock market doesn’t seem to care. It closed up 0.2% last night. China reported last night that its PMI mfg index rose to a five-month high at 49.7 in May. It stock market didn’t care. It closed down 0.2%...
  • SPX Peaked In 2000 and 2007 When Margin Debt Did This...
    By on May 24, 2014 | No Comments  Comments
    Margin debt reaching all-time highs can be viewed as a sign of excessive confidence in the markets, yet knowing this hasn’t been really that helpful when it comes to portfolio construction.   CLICK ON CHART TO ENLARGE What has happened in the past that has been helpful when it comes to margi...
  • Wall Street Says It’s Different This Time
    By on May 23, 2014 | No Comments  Comments
    It’s a good thing it’s different this time! We know it is because Wall Street says so. The high-valuation levels indicated by the Shiller CAPE 10 Price/Earnings Ratio mean nothing this time, because things are different than when that indicator’s similar readings in previous periods were accom...
  • Market Indecision Continues…
    By on May 22, 2014 | No Comments  Comments
    We’re almost five months into the year, with the major indexes still within a couple of percentage points +/- of their December close, and repeatedly failing in attempts to break out to either the downside or upside. Year to date: Dow: -0.7%    S&P 500: +2.2%   Nasdaq:  –1.2% The Nasd...
  • Defensive Sectors Are Not Much Help In Market Downtur...
    By on May 15, 2014 | No Comments  Comments
    Wall Street’s advice on how to prepare for possible market corrections has always been the same. No matter what happens to the economy people will still have to eat, drink, and take their medicines. So consumer staples, food, beverage, healthcare, and drug companies will do well even in economic a...
  • Are Short-Term Market Patterns Still In Charge?
    By on May 6, 2014 | No Comments  Comments
    The market has still gone nowhere in 2014. Year to date: Dow: unchgd    S&P 500: + 2.3%   Nasdaq: – 1.5%  Russell 2000: – 3.1% Okay, I know. CNBC is excited because the Dow closed at a new record high yesterday, and so is up for the year. It closed last year at 16,576, and closed yeste...
  • ETFs or Short-Sales To Profit From Market Downturns?
    By on May 3, 2014 | No Comments  Comments
    With so many long-time successful members of the ‘smart money’ contingent calling for a significant market correction this year, investors would be wise to at least prepare for the possibility. It seldom works to wait until a full-fledged correction is underway before beginning to plan how you w...
  • Best Stock Market Indicator Ever: Weekly Update
    By on April 30, 2014 | 1 Comment1 Comment  Comments
    The $OEXA200R Monthly (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com used to find the “sweet spot” time period in the market when you have the best chance of making money. The weekly charts below are current through the ...
  • Euro Reaches Bullish Sentiment Extremes
    By on April 28, 2014 | No Comments  Comments
    The Euro has done well over the past couple of years, pushing higher and now its near the top of falling channel resistance. This rally has caused a few investors to become bullish the Euro, nearing peak bullish levels over the past couple of years.   CLICK ON CHART TO ENLARGE Is the Euro about to...
  • Gold-Futures Selloff Wanes
    By on April 26, 2014 | No Comments  Comments
    Gold’s sharp selloffs since mid-March have been mostly driven by American futures speculators’ heavy selling.  These traders dramatically slashed their long bets on gold while ramping up their shorts.  The resulting deluge of supply flooded the market and temporarily overwhelmed demand.  But ...
  • Is Housing Ringing Stock Market’s Bell Again?
    By on April 26, 2014 | No Comments  Comments
    It is said that they don’t ring a bell at stock market tops. However, the housing industry has sometimes been quite adept at doing just that. In fact, it has been quite prescient in leading the economy, and thus the stock market, in both directions. The most obvious tops followed the bursting of r...
  • Neither Bulls Nor Bears Are Anxious To Commit
    By on April 24, 2014 | No Comments  Comments
    It appears that both bulls and bears have been mostly waiting on the sidelines for some months, both sides talking about their expectations, but neither willing to back those expectations with action beyond brief short-term trades. Is it because the painful whipsawing in the volatility last summer ...

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