Archive for charting
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What will be the catalyst?
The market found support at the September lows and now it is finding resistance at the previous high. This could lead to a trading range between the tow or we will define a catalyst to break through either end. Most investors and analyst are talking about a test of the lows as the markets are [...]
Fed, Rates and Treasuries
The conclusion of the FOMC meeting is today and to say investors are interested in the outcome would be an understatement. The focus seems to be more on the language of the Feds statement than a hike in rates. This puts the bond market square in the target of interpretation. Simply put, rates will react [...]
Can Small Cap Stocks Lead?
Small cap stocks will play an important role in the continuation of the current trend. Looking at the chart of the S&P 600 Small Cap index we can see the uptrend off the March low is still in play. The move above resistance at 327 is the current point to watch. The index held support [...]
Transportation on the Rise?
Scanning through the sectors one that keeps catching my eye is the Transportation index. The Dow Jones Transportation Index ETF, (NYSE: IYT) is seen in the chart below. The uptrend from the March low remains firmly in play and the recent move towards the September high could complete a higher low, higher high pattern (A,B,C,?D) with [...]
What Do You Believe?
Why did we rally on M&A data? Is this the catalyst to take us on the next leg higher? Should we be putting more money to work in this market? The answer to all these questions and more will come in time. I know that is not what you want to hear. You would rather me [...]
SOX in Retreat
The push lower yesterday was gave credit to the housing data showing a decline in existing home sales. While it may have been the catalyst for the decline there are plenty of reason for investors to take money off the table. Technology has been one of the leading sectors of the market in the move [...]
