I took the liberty of making some notes on the weekly chart. Click for full-size. Our in-house analysts could not reach a consensus on which direction it takes in the near-term. But “the committee” agreed things take a lot of time to play out when you are looking at a 7-year weekly chart – and […]
I’m considering getting back into the comics business again. Last year I whipped-up a few on the fly and posted them, but I haven’t done any new ones lately. I figured it would be a good time to post the archive so I can get back to work.
I created this handy diagram to help explain how stocks and sectors run in cycles. (click for full-size) “The market is simply a popularity contest where stocks and sectors come and go in and out of favor in the near-term, awaiting the next catalyst” – StockCats
Given the recent “market turmoil” I’ve spent more time studying Monthly charts for clues on what to expect next – now that it looks like the SPX may have put in a significant top. I pay particular attention to the last two major tops – with respect to the configuration of certain indicators. I posted […]
How’s this for coincidence? Click Image for full-size. How did they get it so perfect? Right on the last trading day of January… Of course everything will change going forward but I thought it was amazing to see that monthly trendline come into play on the daily chart.
Take a look at January 20th on your daily SPX chart. At the time it felt sort of like a “capitulation day” to me. The low print that day was 1812, which put the S&P 500 down -11.3% for the year at the low – on the 12th trading day of the year. People were […]