by Chris Kimble | Dec 11, 2018 | Kimble Charting
Crude oil has been hit hard of late. The decline has Crude testing 3-year rising support at (1), as fear levels are high at (2) and weekly momentum is currently nearing oversold levels. Below looks at Crude Oil and its 10-week performance – Crude Oil has...
by Chris Kimble | Nov 30, 2018 | Kimble Charting
Could interest rates be peaking after moving much higher over the past 5-years? Yes! Joe Friday shares that the yield on the 5-year note, looks like it created an important topping pattern last month. This chart looks at the yield on the 5-year note over the past...
by Chris Kimble | Nov 28, 2018 | Kimble Charting
This chart looks at the Emerging Markets ETF (EEM)/S&P 500 ratio over the past 6-years. The decline in the ratio reflects EEM has been much weaker than the S&P 500 since 2012. A couple of months ago the ratio tested triple support as momentum was hitting the...
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 | Nov 21, 2018 | Kimble Charting
This chart looks at the Nasdaq Composite Index (IXIC) over the past 38-years. It has spent the majority inside of the past 25-years inside of rising channel (1). The Long-term Trend in this index remains up, despite the softness of late. The rally off the bottom of...
by Chris Kimble | Nov 20, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE This chart looks at the NYSE index over the past 20-years, highlighting “Hanging Man Patterns,” where they have taken place and what typically happens following this pattern. Monthly hanging man patterns took place near the highs...
by Chris Kimble | Nov 16, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Trouble started for the S&P 500 in 2000 when momentum diverged for months, it broke below multi-month trading range support, 200-day moving average, and multi-year rising support at (1). Trouble started for the S&P 500 in 2007 when...
by Chris Kimble | Nov 8, 2018 | Kimble Charting
Housing market concerns are bubbling up once again. Remember the 2007 housing bubble? Well this may not end the same way, but it’s definitely worth noting the weakness in the housing sector. Especially the homebuilders (via the Dow Jones Home Construction Index). Take...
