On Balance Volume, shown here on the S+P 500 Weekly Chart is woefully below it's early 2018 peak. That is a significant bearish divergence, should you choose to observe this large yellow warning light. Big institutional money continues to unload their holdings. Below the surface, selling pressure continues to work against those ...
Dow Jones Industrial Weekly Price Chart continues to show a clear Head and Shoulder's Reversal Pattern, which to my eyes is a very dangerous pattern to have in place. The fact that the crowd majority are now absolutely convinced, without a smitten or shadow of a doubt, that the market direction will only continue to go up. and that any declines in price are only...
The VIX, the CBOE Volatility Fear/Greed Index has bottomed this week,and is now rising off it's low, creating an uptrend just as the S+P 500 has reached an historic Double Top Price High at 2940, a short term bearish divergence, that bears very close attention to. Commercials hedgers ,big money traders, who have been short volatility, have begun covering their...
New York Times reports in a front page article today that a second Boeing plane, the 787 Dreamliner, has come under scrutiny for alleged faulty production at it's South Carolina plant. Faulty part, including tools and metal shaving's have been routinely left inside the plane, often near key electrical systems on the planes on assembly. If sharp metal pieces...
Much has been made about reversal pattern setup's in various indexes as the price rally in 2019, has brought many indices up to previous all time highs. Dow Jones Industrial Average has perhaps the cleanest "Reversal Pattern Setup's"of all major US indices. This weeks rally up to 26602, could have completed the" right shoulder in an almost exact, and massive...
The Weekly S+P 500 Chart shown here for the purposes of illustration, shows price has risen almost as far as it possibly can, in the current ascending wedge pattern. Next, will come a sizable price breakout. The technical expectation of the ascending wedge is for an ultimate sharp break to the downside. I will tell you that if that were to occur, the decline...
Nasdaq 100 has come full circle, from the 5900 low of last December, and today has made an historic all time high at 7715 in early trading. Looking at the Weekly NDX Chart, one can now see a Bearish Non-Confirmation, by the Weekly RSI. ( Shown Here) I've included my own Trend Line Interpretation Chart of Weekly NDX/ RSI Look at how far away NDX RSI is...
Rising Wedge in the Daily S+P 500 continues unabated, with price now holding 2900 as support, as it is in earshot of it's all time high. The technical expectation of the "rising wedge " pattern is for a "bearish conclusion", with,.. a confirmed break of the uptrend line of the triangle,..at some point. However.... To be bearish on the stock market right now...
As Bearish Divergences increase across the US major Indices, shown here with the TMI Indicator for the Dow Industrial Average I am noting a rather telling market phenomena. The "pending" US/China Trade Deal is causing forcing traders to buy, the desire, the need, is to be long whatever index or stock will rise the most after a deal is consummated. They need to...
True Strength Index (TMI) continues to give a continued Sell Signal in the S+P 500, Crossover break occurring in the fall of 2018. Developed by William Blau in 1991, and featured in "Stocks and Commodities", this unique Momentum Oscillator identifies key trend changes in the overall index. The point of showing you this, is to simply advise that as price rally's...
Point and Figure chart clearly shows the Nasdaq 100 (NDX) is approaching a dangerous double top in price near 7700, all the while on a Crossover "Sell Signal, with the True Strength Index (TSI), since October 2018. True Strength Index TSI, developed by William Blau in 1991, and first published in "Stocks And Commodities", is a unique momentum oscillator, whose...
SQQQ, Nasdaq100 3 X Bear ETF, is showing a Bullish Daily Reletive Strength Divergence, going back to early 2018, and to my eye is starting to look like it's ready to reverse it's non stop decline and reverse sharply to the upside ! Despite recently breaking below important price support at 10.00, Daily Reletive Strength ( shown here) is not confirming the recent...
Nasdaq 100 Index is showing a strikingly Bearish RSI Divergence on its Weekly Chart going back 5 years, to 2014. 2019 rally has not even challenged the previous RSI Weekly Highs seen previously. As NDX continues to rally sharply, levitating back towards the all time high of 7700 in 2018, one wonder's what is going on below the surface here. On the RSI Weekly...
S+P 500 has rallied bullishly past the 1/26.18 High of 2872.87, to close the week at 2892.74, fundamentally pushed, by a stronger than crowd expected jobs number. Years back, for those who might remember, the crowd used to hold their collective breath weekly on the "Money Supply Number's". Crowd like behavior focusing on just one thing. an economic go to number...
According to Federal Reserve Data just released, and illuminated by an excellent article by Kate Rooney/CNBC, it appears that the $100 Bill in the United States is by far the world's most coveted, and in demand currency in the world. This is not news to me. I have made it a real necessity of going out of my way, for as long as I can remember, to accumulate as...
Amazon,who's 1 year membership at $119.00 is perhaps the best consumer value on the planet, is currently rallying back towards it's all time high above $2000 a share. Being in a very remote area in the mountains of New York, Amazon is like a gift to me everyday. I go online,order anything I want, and in 24-48 hours, my order is sitting in my mailbox, or even...
Traders should be laser focusing on the Weekly S+P 500 right now. And stay there ..if you have any doubts what's going on here. Quite noticeable is the almost textbook Head and Shoulder's Pattern. Do you see it ..? Good ! Now, .. Do you see the significant Bearish Weekly RSI Divergence as well ? Not even close, to the all time high in the S+P at 2940 last Sept....
S+P 500 seemed to ..freeze oday,after this morning spike high to 2872.90 Trading slowed to a virtual crawl, as big money was content to sit on position. Participants knowing the significance of this mornings high, spent the rest of the day looking at each other, and barely budging, with the bulls content to digest yesterday's gains, and the bears knowing full...