by Chris Kimble | Aug 20, 2019 | Kimble Charting
Is the Steel Industry suggesting that a recession is nearing? In my humble opinion, the jury is still out on this one. This chart from Marketsmith.com takes a look at the patterns of Steel ETF (SLX). SLX has spent the majority of the past 3-years inside of trading...
by Chris Kimble | Aug 14, 2019 | Kimble Charting
The big news of the day seems to be the inversion of the yield curve. An inversion oftentimes suggests that the economy will be slowing in the future and recession odds increase. Another important economic message looks to be coming from the Thomson Reuter Equal...
by Chris Kimble | Aug 8, 2019 | Kimble Charting
Interest rates have declined over 40% in the past 9-months. Could they be near a short-term low? Stocks most likely hope so. This chart looks at the yield on the 10-year note (TNX) over the past 20-years. The majority of the past couple of decades rates have declined...
by Chris Kimble | Jul 31, 2019 | Kimble Charting
As investors prepare for the Federal Reserve announcement today, they are feeling pretty good. That’s mostly due to the performance of the “big 3” stock market indexes: the S&P 500 IndexINDEXSP: .INX, Dow Jones IndustrialsINDEXDJX: DJI, and the NasdaqINDEXNASDAQ:...
by Chris Kimble | Jul 29, 2019 | Kimble Charting
Sometimes the ole phrase “So Goes Homebuilders, So Goes The Economy Is True!” This chart looks at an important sector of our economy, which is the Homebuilders ETF (XHB). The long-term trend remains up, yet over the past year, it is experiencing a negative...
by Chris Kimble | Jul 10, 2019 | Kimble Charting
Will the Fed lower interest rates today? They could if they follow the yield on the 10-year note over the past 32-weeks! This chart reflects that the yield on the 10-year note (TNX) has declined 31% in the past 32-weeks. This decline has yields testing 2017 lows while...
by Chris Kimble | Jun 28, 2019 | Kimble Charting
Are investment grade bonds peaking? Some conditions suggest its possible, says Joe Friday! This chart looks at Investment Grade Bond ETF (LQD) over the past 10-years. LQD has moved sharply higher since the lows in December of 2018. The rally has LQD testing its 2015...
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...
