Kimble Charting Solutions Blog http://blog.kimblechartingsolutions.com Wed, 19 Jun 2013 03:13:38 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Too tough of a nut to crack for the Fed? http://blog.kimblechartingsolutions.com/2013/06/too-tough-of-a-nut-to-crack-for-the-fed/ http://blog.kimblechartingsolutions.com/2013/06/too-tough-of-a-nut-to-crack-for-the-fed/#comments Tue, 18 Jun 2013 12:52:49 +0000 Chris Kimble http://blog.kimblechartingsolutions.com/?p=17258

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Two of the U.S. broadest index's (NYSE Composite & Wilshire 5000) are both facing a series of resistance lines that so far stopped them on a dime towards the end of May. Could the confluence of resistance lines at this time become important since they took place in May (Sell in May and go away)?

The Fed is to announce its thoughts on QE to infinity & beyond tomorrow, can the action they take push these key index's past resistance?  A breakout above these lines would be a positive for sure.

Is this resistance "too tough of a nut to crack right now?"  Stay tuned, these are important levels for Ben and the Fed to break!

 

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]]> http://blog.kimblechartingsolutions.com/2013/06/too-tough-of-a-nut-to-crack-for-the-fed/feed/ 0 Percent of indicators at bearish extremes drops off for S&P 500. http://blog.kimblechartingsolutions.com/2013/06/percent-of-indicators-at-bearish-extremes-drops-off-for-sp-500/ http://blog.kimblechartingsolutions.com/2013/06/percent-of-indicators-at-bearish-extremes-drops-off-for-sp-500/#comments Mon, 17 Jun 2013 13:02:56 +0000 Chris Kimble http://blog.kimblechartingsolutions.com/?p=17247

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Shared the sentiment chart above last week with Members, reflecting that the percentage of indicators at bearish extremes was declining a good bit of late despite a small decline in the S&P 500. It was info like this that caused me to harvest gains in our international short positions we had.

Ironic the level of percent of indicators at bearish extremes happens to be nearing where a few market lows have taken place over the past couple of years. Will it be different this time or has too many investors become too bearish too fast again?

 

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]]> http://blog.kimblechartingsolutions.com/2013/06/percent-of-indicators-at-bearish-extremes-drops-off-for-sp-500/feed/ 0 Joe Friday…Apple & Nikkei have something in common right now! http://blog.kimblechartingsolutions.com/2013/06/joe-friday-apple-nikkei-have-something-in-common-right-now/ http://blog.kimblechartingsolutions.com/2013/06/joe-friday-apple-nikkei-have-something-in-common-right-now/#comments Fri, 14 Jun 2013 11:50:58 +0000 Chris Kimble http://blog.kimblechartingsolutions.com/?p=17238

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One of the charts above is Apple and the other is the Nikkei 225.  Do you know which is which? When it comes to patterns, who makes them?  People do! Regardless of a company or an index of a country, patterns often repeat, because they are created by people, motivated by fear and greed!

Joe Friday....The above 2-pack reflects that the Nikkei Index and Apple look very much the same and are both testing their 50% Fibonacci support levels, at the same time.

If you care to guess which is which or would like to know the answer, send us an email to services@kimblechartingsolutions.com and we will forward you the answer.

 

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