Interest Rates Sputter… Is U.S. Economy Next?
The Federal Reserve wasn’t quite as hawkish as investors expected. The result: Treasury bond yields (interest rates) fell sharply. In today’s chart of the 10-Year US Treasury Yield, we highlight the reversal in rates that occurred late last year. This wasn’t just any...
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Banks Sending Warning Sign To Broad Markets Again?
The financial / banking sector is often a good barometer of the economy and broader stock market. So when the Bank Index (BKX) began to lag late last summer, it was an early warning sign for investors. Looking at the chart below, we can see that the banks spilled...
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Germany-Monster Bearish Reversal This Week?
Is the DAX creating a large bearish reversal pattern this week that could send a concerning message to stock bulls in the states? Yes! This chart of the DAX from Germany reflects that it has spent the majority of the past 7-years inside of a rising channel. The DAX...
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Financials About To Let Down The Bull Market Again?
If the saying So Goes The Banks, So Goes The Broad Market is true, what message are we receiving when financials have lagged the broad market for over a year? This 2-pack looks at the XLF/SPX and EUFN/XLF ratios over the past couple of years. The XLF/SPX ratio has...
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Germany Breakout Bullish For Stocks In The States!
An important message to stocks in the states will come from Germany in the next few weeks! This chart looks at the DAX index from Germany over the past 10-years. For the majority of the past 6-years, the DAX has remained inside of rising channel (1). The 2018 decline...
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Doc Copper Peaking? Signaling Economic Weakness Ahead?
Is Doc Copper suggesting that economic weakness is around the corner? Possible Doc Copper has created a series of lower highs and lower lows over the past 9-years inside of falling channel (1). Last year Copper looks to have double topped at 2014 highs and the top of...
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Junk Bonds and S&P Testing Critical Breakout Levels!
Junk Bonds and the S&P 500 are both facing key breakout tests at the same time. What each does at these key price points could well determine if the S&P 500 will have the strength to retest last years all-time highs. This chart looks at Junk Bond ETf (JNK) and...
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Is The Stock Market Losing Momentum Here?!
The S&P 500 pullback (last week) feels like a distant memory following the stock market’s 2-day snapback rally. But investors should take note of what’s happening under the surface for two important market indexes: the S&P 500 Index (SPX) and the Bank Index...
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NDX 100 Testing Important Breakout Level!
On the 20th-Anniversary of the very popular NDX 100 ETF (QQQ), it finds itself working on a what could be an important breakout level! This monthly chart of QQQ applied Fibonacci extension levels to the 2000 highs/2002 lows at each (1). The rally off the 2002 lows saw...
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Stock Rollover Could Be Starting, Says Joe Friday
The NYSE Index is facing a very important price level as Momentum and the MACD are at the highest levels in a year! The 9-week rally from the late December lows has the NYSE index facing the October, November, December highs and its 78% retracement this past week. Joe...
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