‘S&P 500’ Archive

Germany- Leading index creates bullish reversal pattern last week

CLICK ON CHART TO ENLARGE DAX Index (Germany) continues its global leadership role. DAX remains inside of its 5-year rising channel (A). Top of the channel was hit over a year ago. After hitting the top of the channel, the DAX has continued to make a series of lower highs and lower lows, inside of […]

Global Leadership- Germany/DAX breaking support

CLICK ON CHART TO ENLARGE Above is an update on the DAX index from Germany. The DAX lead the S&P to the upside from late 2014 to early 2015. After hitting channel resistance in early 2015, the DAX has been weak and other key markets around the world have followed. The DAX hit rising channel […]

Banks- A breakout here, would send positive message to S&P 500

CLICK ON CHART TO ENLARGE The S&P 500 is just a couple of percent away from testing all-time highs. Historically quality broad market gains in the S&P took place, when Banks went along for the upside ride. Since last July, financials have headed lower and the broad markets has had little luck moving higher (breaking above […]