by Chris Kimble | Feb 7, 2023 | Kimble Charting
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...
by Chris Kimble | Feb 3, 2023 | Kimble Charting
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...
by Chris Kimble | Feb 1, 2023 | Kimble Charting
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...
by Chris Kimble | Jan 31, 2023 | Kimble Charting
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....
by Chris Kimble | Jan 27, 2023 | Kimble Charting
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...
by Chris Kimble | Jan 20, 2023 | Kimble Charting
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...
by Chris Kimble | Jan 19, 2023 | Kimble Charting
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...
by Chris Kimble | Jan 11, 2023 | Kimble Charting
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...
by Chris Kimble | Jan 6, 2023 | Kimble Charting
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...
by Chris Kimble | Jan 5, 2023 | Kimble Charting
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...
