DAX (Germany) About To Send A Bearish Message To The S&P 500?
Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could! This chart looks at the DAX over the past 9-years. It's spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows...
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Emerging Markets About To Submerge If 3-Year Support Breaks?
Are Emerging Markets about to "Submerge" and head a good deal lower? What they do at (3) will go a long way in answering this question! Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the...
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Commodities; Long-Term Bottom Being Created This Month?
Is the Thomson Reuters Equal Weight Commodities creating a long-term bottom? What the index does at (3) over the next few weeks, will go a long way to answering this important question! Commodities don't have much to brag about over the past 8-years, as lower highs...
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Will S&P 500 Double Top Derail The Rally?
The rally off the December stock market lows has been strong, to say the least. The S&P 500 rallied 25 percent before hitting and testing the 2018 high. The old highs proved to be formidable resistance and ushered in some volatility in May… and a 5 percent...
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Banks Sending Bearish Message To Stocks, Says Joe Friday
Quality bull markets prefer to see Banks stronger than the broad markets or at least keeping up with it. Concerns often crop up when banks reflect relative weakness compared to the S&P. This chart looks at the Bank Index (BKX) over the past few years, reflecting a...
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Silver Miners; Can They Bounce From This Key Support Test?
Silver Miners (SIL) have lost over 50% since the highs back in 2016. Is this large of a decline enough to present a buying opportunity? No doubt the multi-year trend for SIL remains down at this time. The long-term decline and the decline over the past few months has...
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S&P and Dow Forming Bullish Cup & Handle Patterns?
Are the S&P and Dow forming positive "Cup & Handle" patterns over the past 8-months? Bulls sure hope so! A cup and handle price pattern is a technical indicator that resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight...
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Will S&P 500 Peak At Historic Kiss of Resistance In May?
The economic recovery and ensuing bull market off the 2009 financial crisis lows has been one of the longest in history. And over that stretch of time, the S&P 500 Index has reached technical milestones. While making new all-time highs, the index rallied past big...
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Dow Jones Industrials Triple Topping At Key Fib Price Level?
The 4-month stock market rally to start 2019 brought the Dow Jones Industrial Average within 1 percent of its all-time highs made in 2018. This strong move higher has bulls excited about a new bullish wave higher that will lead to new all-time highs. But that cannot...
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S&P and Dow Both Triple Topping? Possible Says Joe
Could the Dow and the S&P both be triple topping at the same time? Possible says Joe Friday This 2-pack looks at the Dow ETF (DIA) and the Equal Weight S&P ETF (SPY) over the past 18-months. Joe Friday Just The Facts Ma'am- Each could be triple topping at the...
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