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Examining the chart of the S&P 500 futures [/ES], note the bearish rising wedge formed from the October 2023 low (purple). Then note the smaller, short-term wedge emanating from the May 31, 2024 low (also purple, inside the aforementioned larger wedge).
The bond market, known as the debt or the credit market, is where investors go to buy and sell debt securities issued by corporations or governments. The U.S. bond market is more than 30 percent larger than the stock market in terms of total value of securities traded.
Bonds are given an investment grade, denoting the risk a bond has of defaulting. A bond with a “AAA” or “A” rating is high-quality, while an “A”- or “BBB”-rated bond is medium risk. Bonds with a BB rating or lower are considered to be high-risk.
Bonds are susceptible to risks such as inflation and interest rates. Aren’t those key topics of the day/month/year? So. Shouldn’t we be paying attention?
(more…)Despite priding myself on organization, my watchlists in SlopeCharts have become anything but and are instead a hot mess of charts not reviewed in months (and in many cases, years). Oh, dear. Goes to show how leaving for tomorrow what can be done today, has a way of messing things up.
Taking watchlist cleanup on as challenge, I began the process thinking there would be plenty of purging, but so far, that’s not been the case. I started with just the “short” watchlists, four of them totaling 178 issues, and haven’t nearly gotten through those. Another factor is that most of the charts I’ve reviewed so far still deserve the “short” classification.
Starting with good ol’ almighty SPY, here are a few charts plucked from the still-messy short watchlists. [Note for all charts: green and red horizontals represent the top and bottom of the Ichimoku Cloud.]
(more…)There is no shortage of charts with actionable setups. Pickens are not slim. There is a veritable abundance of issues, especially during this earnings season, and here are four.
META has been a hard nut to crack. If it is going to crack, purple reigns in the near term.
Price is above the Ichimoku Cloud (thin as a rail, it is), and in a short term downtrend from what may be a double top.
A formidable bearish rising wedge broke the highs in September 2021.
How formidable is the current rising wedge? The negatively diverged indicator would have price falling.
Earnings are October 25.
End of the month is especially fun to chart. Fun to see the inter-connectedness with all other timeframes, each being a part of the whole. If for no other reason then Baby Bear mentioned it yesterday, we start with the monthly chart of SE, which looks to be making a decent go of it. For bullish success, we want to stay above the green, and get above the purple.
