S&P And Dow Testing 45-Year Breakout Level
Last year’s coronavirus stock market crash turned into a BIG opportunity for active investors to buy stocks at deep discounts… especially COVID-friendly stocks. Since the March 2020 crash low, stocks have rallied sharply for 11 months… and this rally has a couple of...
Is China Sending A Topping Message To S&P 500 Again?
China has become critical factor in the global equity markets in the 21st century. Today we look at the ETF $FXI for China’s stock market and show how U.S. investors have received several timely bullish and bearish signals over the past decade-plus (when comparing FXI...
Silver Will Be Stronger Than The S&P For Years To Come, Says Joe Friday
Is Silver about to outperform the S&P for years to come? This pattern suggests it sure could. This chart looks at the Silver/S&P 500 ratio over the past 40-years, highlighting several long-term trends. Silver was weaker than the S&P 500 from 1980 until...
U.S. Dollar Collapse Point? Biggest Test In A Decade In Play!
A lot has happened in the currency markets over the past year. And important near-term trends are currently facing some big-time long-term trend support/resistance levels! In today’s chart 2-pack we take a look at the U.S. Dollar currency index on a “monthly” basis...
Bond Rally Here Sends A Bearish Message To Stocks
Bonds have experienced a large percentage decline since the highs of last March. Have bonds fallen enough? If they rally, could they be sending a bearish message to stocks? This chart looks at Govt Bond ETF (TLT) over the past 20-years. TLT has created a series of...
Largest Bearish Reversal In 20-Years Sends Caution Message To Stocks!
Economically sensitive stocks have frequently sent an important message to the S&P 500. Is it possible that the largest bearish reversal pattern in 20-years could be sending an important message? This chart looks at U.S. Steel (X) on a monthly basis over the past...
Bitcoin Parabolic Rally Reversal Faces Big Support Test!
One of the biggest breakouts of 2020 came by way of Bitcoin. And it was epic. The coronavirus crash saw the cryptocurrency retest its 2018 lows before rocketing higher in parabolic fashion. Did Bitcoin Peak? What’s Next? Today we examine a “weekly” chart of Bitcoin,...
S&P 500 Testing Top Of 30-Year Rising Channel, Says Joe Friday
Do charts have memories? Can prices as far back as 45-years ago impact prices today? I understand if you answered both questions with a resounding no. In my humble opinion, an important test of these questions comes into play at current prices in the S&P 500 at...
A Repeat Of The 2000 Dot.com Highs In Play?
Since the 2000 tech bubble and crash, tech stocks have regained their leadership form. Especially large-cap tech stocks. Headlines have varied in focus from the “4 horseman” to “FANG” and “FANGE”, but one thing remains: Large-cap tech stocks have been the bull market...
Treasury Bond Yields At Make-Or-Break Decision Point Says Joe Friday
Treasury bond yields (and interest rates) have been falling for so long now that investors have taken it for granted. But bond yields have been rising for the past several months and perhaps investors should pay attention, especially as we grapple with questions about...
