Nasdaq Composite Rally Starts From Important Trend Line Support!
New year, new start. Tech stocks are finally showing signs of life and stock market bulls couldn’t be happier. And it couldn’t come at a better time! Today “weekly” chart of the Nasdaq Composite highlights this reversal of fortune and imparts some wisdom about trend...
Tech Leadership Attempting Bullish Breakout, Says Joe Friday
Last year’s stock market decline was punishing and no one was hit harder that tech and growth stocks… and leadership groups like the Semiconductors. What leads on the way up often leads the way down in bear markets. BUT, the Semiconductors are trying to change their...
Broad Stock Market Index Testing Extremely Important Breakout Level!
The Value Line Geometric Index is one of the broadest stock market indices. So when its price records a notable reversal, breakout, or breakdown, investors should listen. Today we take a closer look at the “weekly” chart of the Value Line Geometric Index that comes...
Are Consumer Stocks Sending Chills To Broader Market?
For nearly 15 years, consumer stocks moved higher in an orderly trend. But more recently, that trend has changed from bullish to uncertain. And we can see this in today’s ratio chart. Above is a ratio chart of the Consumer Discretionary ETF to Consumer Staples ETF....
Tech Bulls Eye Potentially Explosive Stock Market Pattern!
Investors are hoping that a strong January is just the start to a strong recovery for stock prices. Particularly, tech stock prices. The selloff hit tech stocks particularly hard as a slowing economy and inflation are strong headwinds for growth stocks. Investors hope...
Short-Term Government Bonds Suggesting Fed Funds Peak, Says Joe Friday
In 2022, investors watched the Federal Reserve hike interest rates very quickly. And this in turn saw bond yields move much higher. Now in 2023, bond yields are beginning to moderate and pull back. We discussed why the odds favored a pullback on 10-year bond yields...
Odds Favor Lower Bond Yields In Months Ahead!
Interest rates have risen rather quickly as the Federal Reserve attempts to fight inflation. Will the move be a case of too far, too fast? Today’s long-term “monthly” chart of the 10-year US treasury bond yield seems to think so. In my humble opinion, the chart below...
Are Silver Prices About To Rocket Higher? Hi Yo Silver Time?
Silver prices have been moving higher for several months now and appear poised to test major breakout resistance. Could the reward for Silver bulls be a massive breakout higher? This is possible when one considers the mother of all bull flag patterns that has formed...
Crude Oil Price Decline Breaks Below Key Trend Line Support
Oil prices surged on news of the Russian invasion, as investors knew the energy sector would be significantly effected by the war. But for how long? Looking at the “monthly” chart below of crude oil it appears “not for that long”. Note that we highlighted crude oil’s...
Nasdaq On The Brink Of A Larger Collapse? Watch This Support!
Despite a 33% decline in the Nasdaq, this key stock market index remains inside of this 13-year rising channel. Barely. Today’s long-term “weekly” chart of the Nasdaq Composite Index highlights just how tenuous the bull market is right now. And why investors need to...
