by Chris Kimble | Jul 2, 2020 | Kimble Charting
The tech bubble didn’t end well. BUT it did tell us that the world was shifting into the technology age… Since the Nasdaq 100 bottomed in 2002, the broader markets have turned over leadership to the technology sector. This can be seen in today’s chart, highlighting...
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 | Jun 10, 2020 | Kimble Charting
Strong leadership is attempting to break out to new all-time highs. If it is successful, it sends a positive message to the broad markets! The chart on the left compares Semiconductors (SMH) to the S&P 500 over the past 12-years. Since the 2009 lows, the ratio has...
by Chris Kimble | Jun 8, 2020 | Kimble Charting
Is a major bank in the states about to send the broad market a bullish message? If it breaks out at (2), it will! JP Morgan struggled to break above resistance for nearly 18-months, as it keep kissing the underside of line (1). Once it succeeded in breaking out, it...
by Chris Kimble | Jun 4, 2020 | Kimble Charting
Can you believe that Crude Oil has rallied 222% in the past 30-trading days? It’s hard to believe that Crude Oil is trading nearly $75 off its lows, yet the current price is around $36! The chart looks at the Crude Oil continuous contract on a monthly basis for...
by Chris Kimble | May 22, 2020 | Kimble Charting
Could ole Doc Copper be sending an important message about the overall health of the global economy and the stock market in the next couple of weeks? It appears it could! This chart looks at Copper futures on a weekly basis over the past 7-years. Doc Copper looks to...
by Chris Kimble | May 20, 2020 | Kimble Charting
The March crash was pretty much an everything crash. But nearly as fast as the market crashed, it’s come back. In today’s chart, we look at two very important asset classes: stocks and bonds. Stocks are represented by the S&P 500 Index and bonds are shown by an...
by Chris Kimble | May 12, 2020 | Kimble Charting
As we’ve written several times before, the banks / financials are an important sector in the stock market and economy. So it goes without saying that when bank stocks are in an up-trend and/or performing in-line, that it’s a good indicator for the broader stock market...
