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googl and amzn, two internet stocks
Anyone playing the bounce (DJINET support @ 280) might consider GOOG/GOOGL over AMZN from here on. GOOGL-AMZN rat...
s&p 500 weekly chart
In case anyone needed reminding, it's no 2011. The cross back down followed by new lows saw to that.
djinet daily chart, internet stocks
Doink! DJINET hits 280 support zone.
amzn weekly chart
Boink... AMZN hits anticipated support.
amzn weekly chart, one of the leading internet stocks
Amazon would be a buy at support... if it were a bull market. But pre-market indicates S&P 500 is cracking critica...
djinet weekly chart, index of internet stocks
Support for the Internet index. One of few indexes not yet cracked.
us indexes, weekly chart (us stock market)
Broader market indexes have been sick since early summer.
semiconductor index (sox) weekly chart
SOX weekly is bearisher, w/ neckline test waiting at 540-560.
semiconductor index (sox) daily chart
SOX daily is bearish w/ gap to be filled around 605.
amat weekly chart
spx daily chart, stock market
Logical point to bounce, but new downtrend.
euro stoxx 50 after ecb qe statement
Draghi says to target 3600 on Euro STOXX 50.
s&p 500 daily chart
Who wins S/T, 2040-2060 resistance or pattern measurement
VIX hit our initial target of 20-22, that we established during the market mini meltdown. Then it was refined to 1...
s&p 500, us stock market
SPX lurks at resistance #1 ever so annoyingly. Will it continue to resistance #2 as expected? VIX can drop lower,...
naiim, market sentiment
NAAIM Investment Managers now 75% cash and have been 70% to 100% cash at every bottom.
investors intelligence, market sentiment
Newsletter writers now over bearish, trend followers that they are.
Semi index retakes post-2012 market leadership channel.
SPX is going to choose a direction soon. When it does, the force of the trend that follows will probably be stron...
Is THAT what this is about? 13 year old gap to be filled on GDM.
Tranny trend change? Well yeh, sort of (above MA 50) but still below resistance and MA 200. Break above those be...
Semi's are breaking down from post-2012 leadership channel. Over shot thrice to the upside so this could be a fals...
Well folks, the bullish pattern in Biotech is actualized (said Captain Obvious).
Semiconductor sector market leadership completely intact from 2012.
Equity Put/Call ratio has been fading the market and not surprisingly, the market has gone sideways as EPCR establish...
Pigs Hammered but have down to 73 as potential correction target. Pigs will go where interest rates tell them to go.
SOX drops and Hammers, can drop to 640 and still be in a long-term bull trend. Candidate to end correction now as well.
RUT needs to clear SMA & EMA 50's to get bullish.
Media touting bearish copper, but this monthly chart has had its bear ON for years now.
GDXJ not yet at support... and really bearish.
GDX at support... and really bearish.
GDXJ at a key level.
SPY at minor support. Loss of this level would target 200 +/-. But Greece is not bearish big picture. If anything...
USD monthly is in a cyclical bull market, but the commodity complex can get a really good rally if USD were to wor...
USD weekly is in an ugly pattern that would target 85 if support breaks down.
USD daily has a decision to make; higher high or lower low?
Short-term interest rates could be about to rise. 2yr T note is in bearish CoT setup.
Looks like part 2 of the 'anti-USD' inflation trade setting up. But it's an interim thing, not a long-term trend.
This chart should be intact for another European 'me too' QE trade. This along with nominal technical pullback su...
Key macro indicators going forward (next several weeks). When the 30 year yield approaches monthly EMA 100... and...
Adding to SP500's valuation problem, the rise in T bond yields erodes equity risk premium advantage.
Valuation is out of whack as corp. profits tail off.
Dow Theory going to get a test.
Dow component revenues in Europe, in the dumps as of end of Q1.
Semiconductor equipment is still booming. That's a fact at this moment in time.
'Apples to apples' European equities 'credit spread' chart, Euro unhedged Spain vs. Euro unhedged Germany still in...
GILD held firm through recent Bio disturbances. Trend could be changing back to up.
3 different items with nearly identical patterns imply inflation expectations bounce (only).
Jobs +200K in my mock draft. Reality up next.
Crude Oil approaches target of 64. News of US supply glut ease and Saudi price increase followed the chart.
In the gold royalty space, FNV is breaking out vs. RGLD. Very bullish looking ratio chart.
Europe market will be interesting again after correction, as Euro completes bounce vs. USD. Resistance in EUR/USD...
Meanwhile, HEDJ losing support and has lower to go.
Curiously enough, Spain vs. Germany works like an equities based credit spread and this one is saying risk 'ON' in...
USD banging support #1 as anticipated. Trend line and lateral support reside at/around 94.
URA pops (following CCJ), but resistance just above. Pump piece on MarketWatch yesterday begs temperance. If rea...
Creepy looking bullish pattern in junk bonds. A negative for market bears as long as it exists.
USD-Yen corollary offset by about a decade would have us believe Yen is going to rally hard.
Yen in potential bottom pattern. BoJ watching?
Semiconductor leadership intact post-2012.
Secular bull market in biotech vs. regular tech.
Crude Oil COT Report data commercial traders
Commercial net short constructive for crude, says McCellan.
Emerging Market ETF breaks daily chart resistance.
BTK weekly upward Arc intact.
IBB daily uptrend intact.
Public optimism index heavily bearish against Euro. Bullish.
Spec positions historically aligned against Euro. Bullish.
Commercial hedgers aligned for bullish Euro.
'Relative quality' gold miner Randgold (GOLD) needs to break dotted trend line, moving averages and turn MACD/RSI...
IBB close to breaking down. Not yet, but needs to not make a lower low to March and lose the MA 50's.
Call it an obscure or even whacky indicator if you will, but PALL vs. Gold goes in line with econ. cycles. It's v...
Longer view of USD shows major trend line (green) intersecting lateral support. That is going to be major support...
USD tickles trend line support today but lateral cluster is lower and better support.
Biotech has lower to go. Looking for MA 50.
Uncle Buck no longer over bought. Support at trend lien then better support is lateral cluster.
We noted da Utes still in da wedge last weekend. It was a bullish looking pattern that had settled down to notabl...
Doorway to mania... Biotech.
Just another bullish biotech stock. Sector has been relentlessly bullish and there's no sign of slowing as weekly...
Finally, my favorite chart needing no introduction and no words (speaks for itself).
Manufacturers' sales to inventory ratio is rising and sooner or later that will prove to be NOT GOOD.
Dow components' sales to Europe are dwindling...
Massively services oriented economy is back, because this is the back end, late stage stuff. Recall that manufacturi...
Public is now brazen in its over bullishness.
Gold is indicated for a bounce (conveniently around PDAC) and nothing more. The Commitments of Traders usually do...
Gold stocks correlated positively w/ one of their funda markers (Gold-CCI) lately. Au-CCI signals econ. contracti...
So, CoT is not fully in line but the gold daily chart is fully capable of bouncing at a higher low.
Gold CoT data not yet in line as of 2/17/15.
Risk is 'ON', and that is the point. Weeks ago we posted risk 'ON' (see post this chart goes w/ if you want) when...
Sentiment is extreme and Risk vs. Reward flat out sucks.
German iShares continues to deal constructively with resistance. Weekly chart shown. EWG favored over DXGE only...
Though the weekly chart maintains its robotic up slope.
Baby Bio's starting to out perform IBB. A speculative sign that this bullish sector is getting long in the tooth.
Given the reduced risk, I bought back 'cash equiv' SHY and IEI. Not interested in the longer end stuff until I ge...
T bond sentiment backdrop is improved from 3 weeks ago. Way over bullish Optimism Index back then.
Crude fund USO tickles a lower low today, calling its would-be bottom stance into question.
Junk bonds not negatively diverging stocks. Sentiment is over bullish, but technicals on indexes are good. Watch...
Euro 50 in SPX terms was holding support at yesterday's close. This chart does not include today's upside. Europ...
Manufacturing has been easing lately, but is only 1 small leg under the US economic table.
This just had to be fixed. Gold miner sentiment went from greenest to reddest in a nanosecond.