murphycharts

murphycharts

I feel like we've been here before..

murphycharts

Weekly candlestick is ugly, but I am keeping an eye on this semiconductor name. As growth slows, I'd expect share price to pull back significantly. Capex Margin is attractive relative to its peers. Expecting first profitable fiscal year since 2016.

murphycharts

The move above 2.25 in copper was encouraging for stocks. The real question is, can this level hold?

murphycharts

4hr chart of E-mini Nasdaq futures.. Feb 2018 bottoming process, not as large a drawdown as 2020, but still looking for similar evidence from momentum..

murphycharts

Many potential outcomes..

murphycharts

OBV and Volume Oscillator point to encouraging bottoming signals from Tech

murphycharts

Lithium Exporters are being hurt due to the strength coming from the US Dollar..

murphycharts

USMV vs. SPY is moving in a direction which is encouraging for stocks..

murphycharts

Copper vs. Gold Ratio is displaying a very well defined momentum divergence - have we seen rates reach a low?

murphycharts

highest 14 day ATR since 2015.. deflationary pressure from crude oil collapsing and the US dollar rallying higher is leading to a sell off in Gold prices..

murphycharts

If you are a believer that volume precedes price, then you must love the OBV action on the Square Inc. (SQ) daily chart..

murphycharts

EW Discretionary vs. EW Staples reaches a new low. Indicating an increased risk off environment in stocks

murphycharts

the ol' -20% drawdown rule within a 2 month period is now in effect for the NASDAQ Greece index..

murphycharts

I'm not advocating the use of incomplete weekly candlesticks - BUT the 14 period Weekly RSI for Chevron (CVX) which makes up over 20% of the cap weighted S&P Energy ETF, has reached oversold territory for the 12th time in its history..

murphycharts

While I would always advise to never buy stocks reading 20 on the 14-period daily RSI - I think this ETF is screaming contrarian to the coronavirus concerns. A lot of these airliner names are trading below their intrinsic value from a PV of future cash flow basis. Something to think about.

murphycharts

"Fake-Out" and gravitating toward the 200 DMA

murphycharts

After a 50% correction is Aug/Sept of last year, a V-shaped recovery has led to the Argentina stock index to recoup almost all of its losses. Merval has remained above 38000 since December '19. noteable: 14 period RSI on the 4hr chart reached oversold on 2/13

murphycharts

This ratio is essentially in free fall, but the RSI divergence is noteworthy. There's still a lot to like about airliners despite the coronavirus impact and individual co. debt burdens.