by Chris Kimble | Mar 13, 2024 | Kimble Charting
Nvidia’s stock price surged last week, reaching an important Fibonacci extension level (361.8). The rally has been unprecedented. Nvidia (NVDA) is a large cap tech stock and its price has doubled in just 9 weeks! But something happened last week. Nvidia’s formed a...
by Chris Kimble | Mar 11, 2024 | Kimble Charting
The U.S. Dollar continues to be the most powerful currency in the world. And for this reason, it’s also the most watched. When the dollar is on the move, it can have an effect on the various asset classes. Today we look at a “weekly” chart of the old King Dollar. And...
by Chris Kimble | Mar 8, 2024 | Kimble Charting
Several indicators of investor sentiment are showing rising “greed” levels. And when investors get greedy, it tends to imply that we are nearing a top. BUT, I am unsure why greed levels are so high when so many assets have little to brag about over the past few years!...
by Chris Kimble | Mar 7, 2024 | Kimble Charting
The past 15 months have been very good for Coinbase’s (COIN) stock price. During that time, COIN has rallied from $31 to over $230. And the rally has seen some wild volatility! Today’s “weekly” chart of Coinbase highlights this and more. As you can see, COIN has...
by Chris Kimble | Mar 6, 2024 | Kimble Charting
Bitcoin has been all the rage in the financial markets lately. After it surpassed 50000, headline after headline has come out about it making new all-time highs. Well it finally happened. And Bitcoin’s price has retreated a little since. As you can see on today’s...
by Chris Kimble | Mar 6, 2024 | Kimble Charting
The latest stock market rally has taken several key indices to new highs. One such index is the Equal Weight S&P 500. While this is bullish, today’s long-term “monthly” chart of the Equal Weight S&P 500 ETF (RSP) shows price running into a big Fibonacci...
by Chris Kimble | Mar 5, 2024 | Kimble Charting
Precious metals may finally be nearing the rally that gold and silver bulls have been waiting for. Today, we simply focus on Gold from a “weekly” price perspective. And let’s just say that the recent price action has been bullish. Last week, Gold closed at its...
by Chris Kimble | Feb 29, 2024 | Kimble Charting
It is fair to say that the stock market has been lead higher by technology stocks and large cap stocks, in general. But two stock market indices that historically have been key to broad market rallies have under-performed: the small cap Russell 2000 Index and the...