by Chris Kimble | Jun 20, 2024 | Kimble Charting
Whether the stock market is trending higher or lower, or even trading sideways, I’ve always found it helpful to watch the equal weight indices for insights about market breadth and market health. So today, with the S&P 500 Index trading near highs, I think it’s a...
by Chris Kimble | Mar 8, 2024 | Kimble Charting
Several indicators of investor sentiment are showing rising “greed” levels. And when investors get greedy, it tends to imply that we are nearing a top. BUT, I am unsure why greed levels are so high when so many assets have little to brag about over the past few years!...
by Chris Kimble | Mar 6, 2024 | Kimble Charting
The latest stock market rally has taken several key indices to new highs. One such index is the Equal Weight S&P 500. While this is bullish, today’s long-term “monthly” chart of the Equal Weight S&P 500 ETF (RSP) shows price running into a big Fibonacci...
by Chris Kimble | Oct 26, 2023 | Kimble Charting
When evaluating the stock market, looking at several key indicators to evaluate risk and positioning is good. And sometimes, those indicators are actual stock market indices or index ETFs. In today’s case, it’s an index ETF. Today, we look at a long-term “monthly”...
by Chris Kimble | Oct 11, 2023 | Kimble Charting
When market breadth turns south, savvy investors know that it’s time to remain cautious. And that’s been the case for the past several weeks. And it’s looking perhaps even worse today. Below are charts of the NYSE Advance-Decline Line (upper pane) and the Equal Weight...
by Chris Kimble | May 15, 2019 | Kimble Charting
Are the S&P and Dow forming positive “Cup & Handle” patterns over the past 8-months? Bulls sure hope so! A cup and handle price pattern is a technical indicator that resembles a cup and handle where the cup is in the shape of a “U” and...
by Chris Kimble | Apr 22, 2019 | Kimble Charting
Are all S&P 500 Indices/ETF’s built exactly the same and pattern identical? Nope! This 3-packs looks at the S&P 500 Total return index, the S&P 500 cap weighted index (SPY) and the S&P 500 equal weight ETF (RSP). All three look to be experiencing...
by Chris Kimble | Aug 4, 2018 | Kimble Charting
In trading, all that matters is price. And I tend to look use it to identify patterns that can help investors and traders. We can also use market ratios as a gauge of the stock market’s health. Today, we’ll look at the Invesco S&P 500 Equal Weight ETF $RSP vs the...
