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...
by Chris Kimble | Nov 17, 2022 | Kimble Charting
Tech stocks have had a dismal year in 2022 leading the stock market lower. But a broad gauge of the tech universe, the Nasdaq Composite, has reached a critical support area… and all investors would be wise to take notice. Above is a “weekly” chart of the Nasdaq. As...
by Chris Kimble | Oct 25, 2022 | Kimble Charting
Several times we have highlighted the under-performance of tech stocks. However, now more than ever do tech stocks need to reverse their misfortune. Today, we look at a long-term “monthly” chart of the ratio of the Nasdaq Composite to the S&P 500 Index. As you can...
by Chris Kimble | Feb 7, 2022 | Kimble Charting
Tech stocks have gotten off to a poor start this year, as investors continued their buying strike against growth stocks. This is exemplified in today’s ratio chart, as we track the long-term price performance of the Nasdaq Composite versus the S&P 500 Index....
by Chris Kimble | Jan 25, 2022 | Kimble Charting
The tech wreck has been fast and furious. And considering that the stock market correction is still relatively new, we really don’t know if it will end soon or carry on for weeks/months. Today’s chart is “linear” and takes a long-term “monthly” view. As you can see,...
by Chris Kimble | Jan 19, 2022 | Kimble Charting
One theme over the past several months has been tech stock’s under-performance. And 2022 seems to be amplifying this theme as we kick off the new year. Today’s chart focus is on the ratio of the Nasdaq Composite to the S&P 500 Index. We have shared this...
by Chris Kimble | Jan 5, 2022 | Kimble Charting
Tech stocks began under-performing the broader market several months ago when the ratio of the Nasdaq Composite to S&P 500 Index peaked out at the 2000 high. This is worth noting because this tech ratio has been in a rising up-trend for the past two decades,...
by Chris Kimble | Oct 7, 2021 | Kimble Charting
Tech stocks have played a major leadership role in the 12 year advance off the 2008-2009 stock market low. But within that leadership silo, it has been large-cap tech stocks that have been the real leaders. Today’s chart highlights this by showing the ratio of the...