by Chris Kimble | Sep 9, 2020 | Kimble Charting
Are Basic Materials stocks about to suggest that the economy is about to grow/inflate? An important price test is in play for them that will go a long way to answering this question! The chart looks at Basic Materials ETF (XLB) from Marketsmith.com. The chart...
by Chris Kimble | Sep 8, 2020 | Kimble Charting
Investors tend to follow the Dow Jones Industrial Average and Dow Jones Transportation Average to gauge the economy and the popular stock market signal, “Dow Theory”. Though laggards this year, both indices remain important and may be nearing a crossroads. In today’s...
by Chris Kimble | Sep 4, 2020 | Kimble Charting
Is an important Tech stock indicator double topping and about to send the first bearish message in months? Joe Friday suggests it is possible! This chart looks at the Nasdaq 100/S&P ratio on a weekly basis. The trend has been strongly higher for months, reflecting...
by Chris Kimble | Sep 3, 2020 | Kimble Charting
Is the Dow facing an important long-term price test? This chart would suggest yes! This chart looks at the Dow Jones Industrials Index on a monthly basis over the past 100-years. The Dow has spent a good deal of the past 90-years inside of bullish rising channel (1)....
by Chris Kimble | Sep 2, 2020 | Kimble Charting
Investors have been fixated on the Nasdaq and tech stocks this year. And rightfully so. The Nasdaq has been the market leader, with stocks like Apple, Tesla, Facebook, and Amazon flying higher. But another important index may be flashing caution: The NYSE...
by Chris Kimble | Sep 1, 2020 | Kimble Charting
In March, after a 15% decline in Muni bond prices and as part of its response to COVID-19, the Federal Reserve announced it would for the first time in its history enter the municipal bond market. Following the announcement of the Feds purchasing plans, Muni bonds...
by Chris Kimble | Aug 31, 2020 | Kimble Charting
Recently Federal Reserve Chair Jay Powell said he is targeting inflation. Perhaps the market is seeing something similar. This prompts today’s question (and chart): Are the markets about to send a new message regarding inflation? Today’s chart “2-pack” highlights a...
by Chris Kimble | Aug 27, 2020 | Kimble Charting
A good deal of the time, Doc Copper and Yields tend to move in the same direction. Of late, something strange is taking place! This chart looks at Doc Copper (Green) and the Yield on the 10-year note (Red). Both headed sharply lower and bottomed together in March of...
by Chris Kimble | Aug 26, 2020 | Kimble Charting
This year has definitely accelerated the trend in utilizing technology in the way we work (remotely) and live. And it’s showing up in the stock market. Today’s chart looks at the ratio of the Nasdaq 100 Index (large-cap tech stocks) to the S&P 500 Index...
by Chris Kimble | Aug 24, 2020 | Kimble Charting
Precious metals have been a red-hot investment in 2020. Gold briefly broke $2000 this month, while Silver touched up near $30. But it’s been the rally in Silver prices that has been eye-popping. And perhaps a big reason for the extra momentum we saw this summer in...
