by Chris Kimble | Jun 12, 2020 | Kimble Charting
Are Banks going to end the month with a large bearish pattern just below dual resistance? Possible, yet the month is far from over! This chart looks at the Bank Index (BKX) on a monthly basis. The rally this month took it up to test its 61% retracement level and old...
by Chris Kimble | Jun 10, 2020 | Kimble Charting
The stock market rally has taken the S&P 500 Index all the way back to an important price point on the “monthly” chart. And how the index closes during the summer months may provide further direction to investors, starting with June. As you can see in today’s...
by Chris Kimble | May 4, 2020 | Kimble Charting
Is it Ruh-Roh Time for stock market bulls? Possible!!! Stock market bulls might have received a very concerning message last week from numerous indices! This 4-pack reflects that each popular index created a sizeable bearish reversal pattern at respective Fibonacci...
by Chris Kimble | Apr 29, 2020 | Kimble Charting
A healthy banking system is the hallmark of a growing economy. So when back stocks turn “south”, investors should tune in. Like the broader stock market indices, the Bank Index (BKX) crashed in March before bouncing back into April. That bounce has the Bank Index...
by Chris Kimble | Apr 20, 2020 | Kimble Charting
Does history repeat exactly? No. Sometimes it rhymes big-times!!! This chart looks at the S&P 500 over the past 25-years on a weekly basis. During the 50% bear markets of 2000-2003 and 2007-2009, the S&P started quality counter-trend rallies very near the...
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 | Apr 15, 2020 | Kimble Charting
What goes up in a down market? Correlation! This 4-pack looks at patterns of Germany, London, France, and the States. No doubt each has been hit hard in the first quarter of 2020. All four have experienced counter-trend rallies, where each is facing multi-year...
by Chris Kimble | Apr 8, 2020 | Kimble Charting
S&P 500 Index versus “Inverted” 30 Year Yield “monthly” Chart Stocks and treasury bond yields had a wild (and scary) month of March as the financial markets crashed to new lows. In today’s chart, we highlight this by looking at long-term “monthly” chart of the...
