by Chris Kimble | Aug 19, 2019 | Kimble Charting
Is the DJ Transportation Index presenting a rare buying opportunity? The broad market most likely hopes so! Transports have spent the majority of the past decade creating a series of higher lows. This pattern has created rising channel (1), which started back in 2009....
by Chris Kimble | Aug 7, 2019 | Kimble Charting
Stock Market Indexes Topping? Well, that was fast. The stock market pullback has been sharp and likely is not over yet. Last week, I shared the same chart, calling it a “moment of truth” for the stock market. Would the 3 underperforming stock market indexes (in the...
by Chris Kimble | Jul 30, 2019 | Kimble Charting
The DAX Index (Germany) has been experiencing a negative divergence to the S&P 500 for nearly 20-months? Could it be sending a negative message to stocks in the states in the near future? Possible! The DAX index has created a series of lower highs inside of...
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 18, 2019 | Kimble Charting
Could the Staples sector and the yield on the 10-year note be on the verge of sending an important message to the stock and bond markets? It sure looks that way. Staples ETF (XLP) is currently attempting to break above the January 2018 highs at (1). If it does, it...
by Chris Kimble | May 28, 2019 | Kimble Charting
A couple of weeks ago, I wrote an article about crude oil’s recent correlation to the S&P 500 (stock market) and that its initial move lower may be sending a bearish signal to stocks. Since then, crude oil has fallen sharply through its up-trend line,...
by Chris Kimble | May 20, 2019 | Kimble Charting
The rally off the December stock market lows has been strong, to say the least. The S&P 500 rallied 25 percent before hitting and testing the 2018 high. The old highs proved to be formidable resistance and ushered in some volatility in May… and a 5 percent...
by Chris Kimble | May 15, 2019 | Kimble Charting
Are the S&P and Dow forming positive “Cup & Handle” patterns over the past 8-months? Bulls sure hope so! A cup and handle price pattern is a technical indicator that resembles a cup and handle where the cup is in the shape of a “U” and...
