by Chris Kimble | Jun 26, 2020 | Kimble Charting
When the economy is humming along, the stock market tends to out-perform. And one sign of a strong economy is a healthy banking sector. On the flip side, when the economy is struggling, the banking sector lags. And this is a drag on the broader stock market. Today’s...
by Chris Kimble | May 22, 2020 | Kimble Charting
Could ole Doc Copper be sending an important message about the overall health of the global economy and the stock market in the next couple of weeks? It appears it could! This chart looks at Copper futures on a weekly basis over the past 7-years. Doc Copper looks to...
by Chris Kimble | May 8, 2020 | Kimble Charting
Silver has been much weaker than Gold for the past 9-years. Is that trend about to change? A short-term change is possible, says Joe Friday! This chart compares the price of Silver to Gold over the past decade. At the 2011 highs, the ratio created a bearish reversal...
by Chris Kimble | May 1, 2020 | Kimble Charting
When fewer and fewer stocks are holding up a market, could that end up sending a bearish message to stock market bulls? Yes. This ratio looks at the NDX 100 index compared to the Nasdaq Composite Index. The ratio compares the strength of the 100 largest tech stocks...
by Chris Kimble | Apr 24, 2020 | Kimble Charting
The bullish case for stocks is being put to an important price test here and now! This 4-pack reflects that “new resistance” and Fibonacci retracement levels are in play for each of these look-alike patterns. Each of these important indices hit long-term...
by Chris Kimble | Apr 17, 2020 | Kimble Charting
Is our banking system about to send us one of the most important messages in the last two decades? Joe Friday says,”Absolutely yes!!!” The top chart looks at the Banking index (BKX) over the past 25-years. The 60-65 price zone is represented by line (1)....
by Chris Kimble | Mar 27, 2020 | Kimble Charting
One of the broadest indices in the states remains in a long-term bullish trend, where a critical support test is in play. The chart looks at the Wilshire 5000 on a monthly basis over the past 35-years. The index has spent the majority of the past three decades inside...
by Chris Kimble | Mar 20, 2020 | Kimble Charting
The past couple of months has delivered a lot of bad news for investors. Several key ingredients to a healthy bull market have fallen sharply, including stocks, Doc Copper, and Crude Oil. In fact, all 3 have entered bear market territory in 2020. For the year, the...
