The S&P down 31 points. The Dow down 265. The Nasdaq down 68. Are we surprised? I don’t think so, but let’s look at my previous Chart School newsletters: The charts above are from my Chart School newsletter “Back to bull, or still a bear?” (For review, go to http://www.themeshreport.com/back-to-the-bull-or-still-a-bear/) We knew that the 50-day… Continue Reading »
Previous Stocks
As rates go – update
About a week ago I wrote a Chart School article that highlighted the correlation between interest rates and the stock market, specifically the S&P 500 (see http://www.themeshreport.com/as-rates-go-the-rally-goes/). For a quick review, please look at the following charts: The purpose of the above chart was to show the correlation between a drop in 10 Yr. rates… Continue Reading »
Driving a “wedge” between bulls and bears
While I was analyzing the charts of the S&P 500 and the Dow yesterday, I noticed a common price pattern know as a Wedge. It is simply a technical chart pattern composed of two converging lines connecting a series of peaks and troughs. Wedges can take the form of a rising wedge or a falling… Continue Reading »
S&P above 200-day MA: Sure thing?
After last week there has been a lot of talk about the S&P 500 breaking back above its 200-day moving average (MA). On one hand, I’d agree that’s a good thing and could be promising. On the other hand, there seems to be a belief that the market is definitely headed much higher from here… Continue Reading »
What’s next?
As you may have noticed, the past few days seem to have increased in volatility. With that, a lot of the students that I coach have wondered what the near-term direction of the market is. It seems that we either go up nicely only to have the gains erased, or we go down hard only… Continue Reading »