by Chris Kimble | Mar 19, 2019 | Kimble Charting
If the saying So Goes The Banks, So Goes The Broad Market is true, what message are we receiving when financials have lagged the broad market for over a year? This 2-pack looks at the XLF/SPX and EUFN/XLF ratios over the past couple of years. The XLF/SPX ratio has...
by Chris Kimble | Mar 13, 2019 | Kimble Charting
Junk Bonds and the S&P 500 are both facing key breakout tests at the same time. What each does at these key price points could well determine if the S&P 500 will have the strength to retest last years all-time highs. This chart looks at Junk Bond ETf (JNK) and...
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 | Nov 26, 2018 | Kimble Charting
Could the S&P remain stuck in a trading range for another 8-months? Possible as it could be repeating a prior trading range! This chart applies Fibonacci extension levels to the 2007 highs and 2009 lows at each (1). The S&P created a Trading Range for over...
by Chris Kimble | Oct 20, 2018 | Kimble Charting
Just over 3 weeks ago, I shared a chart looking at the divergence that has been brewing under the surface of the S&P 500 (NYSEARCA:SPY). Since that post, the S&P 500 finds itself in a deep pullback, with other key stock market indices hitting correction...
by Chris Kimble | Sep 24, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Home and Lumber prices can send important messages to how the economy is doing. The chart above looks at Lumber prices over the past 11-years. So far this year, Lumber and the DJ Home Construction index is diverging against the broad market....
by Chris Kimble | Apr 25, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE This 4-pack reflects that each of these indices remains in uptrends and each is at the top of multi-year rising channels. Softness over the past 90-days has not changed the long-term trends. It also reflects that each could be creating some...
by Chris Kimble | Apr 13, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Above looks at the S&P 500 over the past 17-years on a weekly basis. In 2007 at the top of a rising channel, the S&P 500 appears to have created a “Descending Triangle” pattern before heading lower. Once it broke rising...
