Depression Coming or Is the Bottom Already In? Joe Friday Says Your Answer Lies Here!
Are we headed towards a Depression or is the worst already behind us? In today's world, comparisons to the great depression are easy to find. Are the Depression concerns well founded or are the declines of late already pricing in a bottom? In my humble opinion, this...
S&P 500 Price Pattern Similar to 2008 Market Crash?
Last week’s sharp rally off the lows, gave bulls some relief. But if the bulls are going to have reason to cheer, they will need to see another move higher… and fast! Why? Just look at today’s “weekly” price chart of the S&P 500 Index. This key broad-based index...
S&P Facing A Historical Kiss of Resistance?
Is the S&P starting out a new month and quarter at a very important price point? This chart would say YES! This chart looks at the S&P 500 on a weekly basis over the past 12-years, reflecting that it has spent the majority of the past 9-years "inside of this...
Fear Indicators Creating Huge Bearish Reversal Patterns This Month?
Its been a rough month for Stocks and Crude Oil. Could these two indicators be suggesting that a panic in fear has run out of steam? This 2-pack looks at the fear indicators in the Nasdaq (VXN) and Crude Oil (OVX). Both were at the highest levels in years back in...
Tech Testing 9-Year Support, With Fear Levels At 2009 Highs!
Is an important Tech Index sending a bullish message to investors? It is making an attempt! Does that mean a low in this important sector is in play? Humbly it is too soon to say at this time! This chart looks at the Nasdaq Composite Index over the past 25-years on a...
Broadest Of All Stock Indices Testing Critical Support, Says Joe Friday!
One of the broadest indices in the states remains in a long-term bullish trend, where a critical support test is in play. The chart looks at the Wilshire 5000 on a monthly basis over the past 35-years. The index has spent the majority of the past three decades inside...
Crude Oil Crash Follows Topping Signal 11 Weeks Ago
Crude Oil Topping Pattern and Market Crash Charts The importance of crude oil to the world economy cannot be overstated. Even with the rise of alternative fuel resources, oil remains king. This is why I monitor crude oil prices as a potential indicator for the economy...
Home Construction Index Sends Important Signal To The S&P 500
The Dow Jones Home Construction Index sent a bearish divergence message before the financial crisis ever started to unfold. Those investors that weren't aware of this divergence most likely missed a key signal from a very important industry! Is an important signal...
King Dollar Doubling Topping/Peaking, Sending Metals A Super Bullish Message?
The past month has seen global stock markets crash, volatility erupt, and investors flee to the US Dollar in a “flight to quality” move. A recent ten-day period captures the magnitude of this move: From the March 9 low at 94.61 to the March 19 high at 103.82, the US...
Dow Breaking Dual Support At Top Of 70-Year Channel
When two support lines break at the same time, the environment can get rather slippery! This chart looks at the Dow Jones Industrials on a monthly basis since the late 1920s. The Dow has spent the majority of the time since 1950 inside of rising channel (1). It hit...
