CLICK ON CHART TO ENLARGE The Shanghai & Wilshire 5000 index’s have peaked together a couple of times in the past 5 years. Currently, both of them are facing falling resistance lines at the same time at (1) in the chart above. Positive Momentum is with the markets at this time. No doubt a breakout [...]
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 [...]
On 7/27 the Wilshire looked to be completing a Right shoulder of a bearish head & shoulders pattern and the “Power of the Pattern” was suggesting an ugly pattern was at hand and investors should reduce risk right away! (see post here) In the following weeks the broad market lost almost 20%!!! On 10/27 the [...]
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