Chartology: Watch the Banks this Week
By Andrew Nyquist
After topping with other major market indices on Friday September 14th, the Bank Index (BKX) pulled back over 5% to lateral support... before...
Chartology: Apple (AAPL) Stock On the Ropes
By Andrew Nyquist
On Tuesday, Apple (AAPL) traded through pivot support around 660. As mentioned in my last update, the 50 day moving average was first...
Chartology: S&P 500 Breakout Pattern Set for New Highs?
By Andrew Nyquist
After breaking out above the 1420 level, the S&P 500 ran to 1474... and quickly. Most breakouts tend to get a bit euphoric...
Chartology: Nasdaq 100 (NDX) Bounces Off Key Technical Support
By Andrew Nyquist
After slipping out of a mini rising wedge pattern in August, the Nasdaq 100 continued it's ascent higher, forming another more macro rising...
Chartology: Utilities Sector (XLU) Showing Strength
As the market peaks its head up near the top of the two week range, the Utilities Sector (XLU) is outperforming. And this typically is...
Chartology: Apple (AAPL) Feeling Heavy?
By Andrew Nyquist
After trading lower on Friday, Apple's (AAPL) stock price looks a bit heavy. Pivot support resides in the 660 area (we'll give it...
Chartology: Natural Gas Recovery and Price Analysis
Rewind to April 1st (yes, April Fool's Day!). I has just published a Natural Gas blog with the title "Natural Gas Records Monthly Buy Setup."...
Chartology: Dow Transports Resting on Important Support
The Dow Jones Transportation Average is sitting on an important technical support: the 38.2 percent Fibonacci retracement level. It has already bounced off this level...
Chartology: A Closer Look at the US Dollar
The US Dollar has bounce with strength off lateral support and the 50 percent fibonacci retracement level. This bounce is now on daily DeMark...
Chartology: Semiconductors (SOXX) Trying to Bottom
It's amazing how well fibonacci retracements work as a general area of magnetic support or resistance. Case in point the Semiconductor Sector (SOXX). The...
