This is a Guest Post by @TrendSpider In this weekend’s analysis, we take a look at the broad market ETF’s into the last few days of April. As divergence was showing its head last week on SPY and QQQ, it seems bulls have decided this run isn’t over as all-time highs were hit in tech […]
$SPY All Time Highs Versus Overbought Indicators Read More »
This is a Guest Post by @TrendSpider and originally appeared on their TrendSpider Blog. In this weekend’s blog post, we take a look at the broad markets into next week as SPY continues to look toppy near “All-time highs” as the more speculative ETF play, XBI, continues to breakdown. See what the charts are
All Time Highs Versus A Bearish Divergence Read More »
This is a Guest Post by Troy Bombardia of BullMarkets.co. The stock market’s relentless rally continues. The S&P 500 (excluding dividends) is just 1% from a new all-time high, while the S&P 500 Total Return Index (including dividends) is already at an all-time high. While the chart may “look like” a bearish head-and-shoulders pattern, these
$SPY Chart: Head and Shoulders Versus All Time Highs Read More »
This is a Guest Post by Troy Bombardia of BullMarkets.co. After a nonstop rally, the S&P is now just within 2% of making all-time highs. This illustrates a key point when investing/trading the U.S. stock market – you want to be very selective when turning bearish. Most underperformance comes from being underinvested. The economy’s fundamentals
What Happens Next After All-time Highs? Read More »
This is a Guest Post by Troy Bombardia of BullMarkets.co. The economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s short-medium term outlook. Here’s why: The stock market’s long term risk:reward is no longer bullish. The medium term direction (e.g. next 6-9 months) is mostly mixed, although there is a
Is Macro Weakness Offset by Bullish Price Action? Read More »
This is a Guest Post by @TrendSpider and originally appeared on their TrendSpider Blog. In this weekend’s blog post, we take a look at the broad markets into the month of April. Make sure to check out the video which looks at how to use some of the core features on TrendSpider while looking
The Key Chart Pattern on the $SPY Chart Read More »
This is a Guest Post by @TrendSpider and originally appeared on their TrendSpider Blog. Whether you are new to trading or not, you have probably seen those stock photos of someone sitting in front of a screen full of charts that accompany every article about trading. But have you ever looked at those charts and
The Ultimate Guide to Candlestick Charting Read More »
This is a Guest Post by Troy Bombardia of BullMarkets.co. With the 10 year – 3 month yield curve now inverted, it is time to look at the long term bearish case for stocks. Long Term Only 2 factors affect the stock market’s long term outlook: valuations and fundamentals (macro). The U.S. stock market’s
The Long Term Stock Market Crash Probabilities Read More »
This is a Guest Post by Troy Bombardia of BullMarkets.co. The S&P 500 has finally started a pullback after a multi-week win streak. Meanwhile, macro data remains without significant deterioration. The economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s short-medium term outlook. Here’s why: The stock market’s long
Why the Bull Market Will End with a Whimper, Not A Bang Read More »
Chart courtesy of StockCharts.com The chart had a bearish engulfing candle on Monday signaling the swing lower. The resistance at $279.59 on November 8th held as end of day resistance with the confluence of the overbought 70 RSI. Prices on Friday were the same as on February 5th showing the market has gone nowhere for
Bulls Missing in Action: $SPY Chart 3/10/19 Read More »