Tag: technical analysis
S&P 500 Update: Technical Support Levels In Focus
Yesterday, the markets confirmed that the markets are in a state of chop. Some could say that a smack down is in the offing,...
Investors: Why Crude Oil Prices May Dictate Market Action
The U.S. equities market sputters along, and despite global uncertainty in Asia and now the crisis in the Ukraine, the trend is still up....
November Soybeans Go Vertical: In Need Of Consolidation
November Soybeans are enjoying a nice multi-week rally. Similar to other Ag commodities, this rally comes on the heels of several months of pain. To...
December Corn Prices Rallying Into Technical Resistance
In mid-January, I wrote a post about Corn prices nearing important technical support. As with all my chartology posts, I try to cover levels...
US Dollar On The Brink?
I’m an avid watcher of the US Dollar. One of the reasons I like to monitor the US Dollar is because it can provide...
Crude Oil Spikes, Spills but Up-Trend Remains Intact
WTI Crude Oil (CL) opened the week trading aggressively higher, reflexively spurred through $104/bbl as traders responded to derivative supply concerns in the wake...
Chartology: XLB, XLV, IBB, ISIS, GILD, BAC, SCTY, MSFT, EUR/USD
Here's a small slice of those charts I'm looking at as another trading week wraps up.
Market Cap Relative Strength
Relative strength across market capitalization remains...
NASDAQ 100 Stalling Near Technical Barrier
Stocks managed an impressive upswing off their early February lows, rewarding those who continued to buy the dip. I stayed cautious throughout based on...
AMZN Technical Update: Breaking Down The Recovery Rally
Amazon's stock rose almost 5 percent into its January 30 earnings report. Considering that this followed a week of sideways chop, it's fair to...
Chartology: IBB, SPY, ISIS, SOX, AAPL, BAC, USDJPY, GLD
As today's session closes out on the benchmark S&P 500 (SPX) as an indecisive spinning top candlestick with bulls failing to press yesterday's attainment...