by Chris Kimble | Sep 17, 2020 | Kimble Charting
90-days ago this cup & handle pattern was discussed on See It Market when Gold was trading at 1717. Fast-forward to today and Gold is up 15 percent. So it’s time for an update! As we pointed out 90-days ago, the initial price magnet for the rally was the 261.8...
by Chris Kimble | Sep 16, 2020 | Kimble Charting
Biotech ETF (IBB) has performed better than the S&P 500, by nearly 9% this year, which sends a short-term bullish message. The same positive performance message can not be said for IBB over the past 5-years, as it lags the S&P 500 by more than 50% since the...
by Chris Kimble | Sep 15, 2020 | Kimble Charting
Bonds have been in a bull market for decades and it has been a costly idea to bet against them! Is the bond bull market about to end? An important support test is at hand, that will go a long way in answering this important question. This chart looks at the yield on...
by Chris Kimble | Sep 14, 2020 | Kimble Charting
The saying “So Goes The Banks, So Goes The Broad Market” is about to experience a big-time test! This chart looks at the Bank Index (BKX) on a monthly basis over the past 8-years. Since 2015 the 78 price zone, reflected by line (1), has been tested as...
by Chris Kimble | Sep 11, 2020 | Kimble Charting
Is the largest shipper on the planet about to send an important price message to the world? Joe Friday says yes! The chart looks at Maersk, which is the largest shipper on the planet. Over the past 4-years, it has created falling channel (1), a series of lower highs...
by Chris Kimble | Sep 10, 2020 | Kimble Charting
As investors, we have several tools and indicators at our disposal. Whether it is technical indicators such as Fibonacci levels, moving averages, or price supports, or fundamental indicators such as corporate earnings or economic data, we have a lot of information to...
by Chris Kimble | Sep 9, 2020 | Kimble Charting
Are Basic Materials stocks about to suggest that the economy is about to grow/inflate? An important price test is in play for them that will go a long way to answering this question! The chart looks at Basic Materials ETF (XLB) from Marketsmith.com. The chart...
by Chris Kimble | Sep 8, 2020 | Kimble Charting
Investors tend to follow the Dow Jones Industrial Average and Dow Jones Transportation Average to gauge the economy and the popular stock market signal, “Dow Theory”. Though laggards this year, both indices remain important and may be nearing a crossroads. In today’s...
