by Chris Kimble | Jun 16, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE A breakdown in Basic materials often does not suggest economic strength is around the corner. Forgetting the macro picture for a minute, the breakdown in IYM increases the odds SMN might do rather well for those open to...
by Chris Kimble | Apr 11, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE The patterns in the Russell 2000 have been favorable for a good while. We have owned a position in IWM, looking for relative strength in the Small caps. Due to the “Power of the Pattern” we harvested the position in...
by Chris Kimble | Mar 15, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Game Plan…NDX 100 has declined enough to find some key support. Protect the gains in PSQ by adding a tight stop. If this support in the NDX 100 breaks, odds favor much lower prices. I mentioned how downside momentum...
by Chris Kimble | Mar 11, 2011 | Kimble Charting
On 2/24 I mentioned that rear view mirror investing was rather easy, seeing around the corner/what lies ahead, is a little tougher. Yet if we can find tools to help us with the direction of future price movements, it can be very beneficial to our portfolios. I...
by Chris Kimble | Mar 10, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Commodity Research Bureau Index (CRB) of late hit its 61% fibonacci retracement level at (1) and at the same time FCX was creating a bearish rising wedge at resistance point (3). Major Trend Change at hand? Too early to tell,...
by Chris Kimble | Mar 10, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE The “Power of the Pattern” in the above chart is suggesting that the Dollar was poised for a rally and the Euro a decline. This is one of my tools I used to help us take positions to score on defense as we are owners of...
by Chris Kimble | Mar 10, 2011 | Kimble Charting
On 3/2 I shared in a post that I was concerned that a stock market decline could have a large impact to Gold & Silver stocks (see post here) Earlier this week I noted that Gold stocks were breaking key support (see post here) In a different...
by Chris Kimble | Mar 9, 2011 | Kimble Charting
On Monday I shared that it looked like “Doc Copper wasn’t feeling very well!” (see post here). Below is an update on JJC and Basic materials ETF (IYM). Support is still in place, yet both look vulnerable to a sizeable decline should support...
