by Chris Kimble | Aug 6, 2019 | Kimble Charting
Did the S&P 500 send a “Kiss Good-Bye” message at the close of last month? We should find out very soon! The chart looks at the S&P 500 on a monthly basis over the past 18-years. Since the 2009 lows, the S&P has remained above an important...
by Chris Kimble | Jul 22, 2019 | Kimble Charting
Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on the chart above. In summary, the correlation between Oil and the stock market has been quite interesting...
by Chris Kimble | Jun 24, 2019 | Kimble Charting
The stock market has been on fire of late, rallying up to the edge of price resistance on several indexes. Today, we look at one of those stock market indexes: the Wilshire 5000. The Wilshire 5000 tracks all of the stocks in the US market, so it is a broad-based index...
by Chris Kimble | Jun 13, 2019 | Kimble Charting
For the past decade, Lumber prices have traded within a broad rising trend channel. See (1) on the lumber “weekly” price chart above. Recently lumber prices hit the bottom of that channel and began to bounce higher. This could be good news for the S&P 500 Index...
by Chris Kimble | May 23, 2019 | Kimble Charting
Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could! This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher...
by Chris Kimble | May 17, 2019 | Kimble Charting
Quality bull markets prefer to see Banks stronger than the broad markets or at least keeping up with it. Concerns often crop up when banks reflect relative weakness compared to the S&P. This chart looks at the Bank Index (BKX) over the past few years, reflecting a...
by Chris Kimble | May 13, 2019 | Kimble Charting
The 4-month stock market rally to start 2019 brought the Dow Jones Industrial Average within 1 percent of its all-time highs made in 2018. This strong move higher has bulls excited about a new bullish wave higher that will lead to new all-time highs. But that cannot...
by Chris Kimble | May 9, 2019 | Kimble Charting
Crude oil prices tend to offer a good general barometer for the global economy. More specifically, it is the trend of crude oil that matters. When demand is high and the economy is strong, crude oil prices tend to move higher… and the trend tends to be “up”. And this...
