by Chris Kimble | Feb 14, 2019 | Kimble Charting
The S&P 500 and Crude Oil have been highly correlated over the past 10-months. Both peaked together at the same time around the first of October at (1) and both bottomed together near Christmas at each (2). The ole Chicken or the Egg question comes to mind, as...
by Chris Kimble | Feb 13, 2019 | Kimble Charting
Is today the day that four important indices all break above their 200-day moving averages at the same time? Possible! This 4-pack applies 200-day moving averages to the Dow, S&P 500, QQQ and the Transports. The short-term counter-trend rallies since the lows on...
by Chris Kimble | Feb 1, 2019 | Kimble Charting
What a past 4-months its been for the S&P 500! It hits its 261% extension level of the 2007 highs and 2009 lows in late September and it then proceeds to fall nearly 18% in the last 3-months of the year. Following this large decline, the S&P closes the first...
by Chris Kimble | Jan 23, 2019 | Kimble Charting
4 weeks ago, the stock market was in panic mode… my, oh my, how things can change fast. But don’t let the good vibes go to your head just yet. Active investors need to fight off complacency here, as the S&P 500 knocks on an important price level. Today we focus...
by Chris Kimble | Jan 22, 2019 | Kimble Charting
The correlation between Crude Oil and the S&P 500 has been rather high over the last 100-days, as each looks to have peaked at the same time around the 1st of October at (1). After peaking together in October, Crude fell over 40% and the S&P nearly declined...
by Chris Kimble | Jan 18, 2019 | Kimble Charting
We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an...
by Chris Kimble | Jan 11, 2019 | Kimble Charting
Could Presidents Trump’s election rally be in trouble? We could find out very soon, says Joe Friday This chart looks at the S&P 500 and the VIX index over the past few years. We applied Fibonacci to the price when President Trump was elected and the 2018...
by Chris Kimble | Jan 8, 2019 | Kimble Charting
In February of 2018, the S&P created a low, which was tested again as support a couple of months later. These two lows became the lows of a new trading range that was forming, with support at (1). Weakness in December saw support line (1) break, which was a...
