CLICK ON CHART TO ENLARGE As I shared in the chart, it is easy to see that the New York Composite Index and the S&P 500 have traded in lock-step over the past 15 years. In 1999, the NYSE traded sideways for a few months while the S&P 500 continued to push higher. After this period of [...]
CLICK ON CHART TO ENLARGE Momentum came into play in last nights Super Bowl game as Ahmad Bradshaw couldn’t keep himself out of the end zone. Momentum remains a positive at this time in the stock market. Momentum carried Bradshaw across the goal line, will momentum carry the broad markets past key resistance lines in [...]
The chart below reflects the past 60 day returns of the broad market and some very hot sectors. CLICK ON CHART TO ENLARGE Some of these sector ETF’s have doubled to tripled the 500′s performance over the past 60 days. Below is a Micro (close up) look at these leading sectors and a Macro (Big Picture) look at [...]
CLICK ON CHART TO ENLARGE The health/condition of the broad market can not be overlooked or overstated. In “Focusing” on the broadest measures of the stock market (NYSE/Wilshire 5000), the chart above reflects that they both remain inside of large flag/pennant patterns. A great deal of attention is being focused on the S&P 500 as [...]
CLICK ON CHART TO ENLARGE Comedian Rodney Dangerfield made the phrase “I don’t get NO RESPECT” a big part of his comedy act. The “Power of the Pattern” above highlights times TO RESPECT support and resistance. Support/Buying opportunities took place at (2) twice and currently the NYSE is up against a series of resistance lines at [...]
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