by Chris Kimble | Sep 22, 2023 | Kimble Charting
When treasury bond yields are rising, bond prices are falling. It’s an inverse relationship. And so it makes sense that the 20+ Year Treasury Bond ETF (TLT) has fallen sharply during the Federal Reserve’s rate hike cycle. “The Facts, Ma’am. Just the facts.” – Joe...
by Chris Kimble | Sep 21, 2023 | Kimble Charting
When the U.S. Dollar is rallying and at full strength, it is a clear headwind for precious metals like gold and silver. But when King Dollar loses his crown and is weakening, it is a clear tailwind for precious metals. Today’s chart of the U.S. Dollar Index highlights...
by Chris Kimble | Sep 20, 2023 | Kimble Charting
The price of gold is trading just off its all-time highs while the price of silver is lagging. Together, they haven’t quite provided mining equities the boost they need to out-perform the broad market. But an 11-year cycle may be saying that gold and silver mining...
by Chris Kimble | Sep 18, 2023 | Kimble Charting
Back on August 25th, we wrote a post on Nvidia’s stock (NVDA) hitting its 161% Fibonacci extension level. Today we turn to Joe Friday and provide an update on that pattern. “The facts, Ma’am. Just the facts.” As you can see, Nvidia (NVDA) closed in August right at its...
by Chris Kimble | Sep 14, 2023 | Kimble Charting
We often watch the performance of cap weighted indices versus the equal weight counterpart. Why? Because divergences in performance often signal market turns. Today is no different as we display the performances of the S&P 500 cap weight index versus the S&P...
by Chris Kimble | Sep 13, 2023 | Kimble Charting
Without a doubt, technology stocks are the leader within global stock markets and the global economy. So when the technology sector nears a major trend decision point, investors and consumers should be watching! And that is exactly what we have on display today, as...
by Chris Kimble | Sep 12, 2023 | Kimble Charting
It’s been a rough go around for stocks and investors. But will it get worse before it gets better? Let’s turn to Joe Friday for “The facts, Ma’am. Just the facts.” Today’s chart features a “monthly” view of the Dow Jones Utilities Index. And, as you can see, the chart...
by Chris Kimble | Sep 8, 2023 | Kimble Charting
The stock market appears to be limping its way through the final stages of its rally. The major stock market indices have yet to make new highs and are in stall-out mode. A bit concerning, eh? These concerns are on full display in today’s chart 4-pack. As you can see,...
by Chris Kimble | Aug 30, 2023 | Kimble Charting
Several stock market indices and sectors are nearing important trading points within various patterns. But arguably none more important than the major technology indices. Today we highlight the Nasdaq 100 ETF (QQQ) along with the Nasdaq Composite Index. As you can...
by Chris Kimble | Aug 28, 2023 | Kimble Charting
China has the world’s largest population and second largest economy, so it’s always wise to keep an eye on the Chinese economy and stock market. Today we look at the latter, eyeing up a 10-year indecision pennant pattern on the Shanghai Composite Index. As you can...
