‘S&P 500’ Archive

Junk Bonds-Bullish wicks, Bouncing Off Support, With Momentum Oversold

  CLICK ON CHART TO ENLARGE Junk Bonds are often looked at as leading indicators for key moves in the stock market. Popular junk bond ETF’s JNK & HYG have declined over the past few months, taking them down to support levels and pulling momentum down with them. The above charts are weekly views of […]

S&P 500 and VIX produce bullish and bearish wicks, surprise anyone last week?

  CLICK ON CHART TO ENLARGE Does it surprise you how much these patterns and price action looks very much the same in the S&P 500 and NDX over the past few years? Time will tell how key last week was, as both stock index’s were at support, creating bullish wicks and both fear index’s […]

Bullish Wick In Germany, Could Help The S&P, Says Joe Friday

  CLICK ON CHART TO ENLARGE The DAX and S&P 500 have been in leadership roles on the upside for the past few years. Over the past four months the DAX index has declined a little over 10%, influencing the S&P 500 and much of Europe. London & France has followed the DAX lower, pushing […]