by Chris Kimble | Dec 5, 2019 | Kimble Charting
Health Care (XLV) ETF has lagged the S&P for the past few years. Is the lagging trend about to end? It sure could and we should find out very soon! This chart looks at the Health Care/S&P Ratio (XLV/SPY), which reflects that it has created a series of lower...
by Chris Kimble | Nov 21, 2019 | Kimble Charting
Are junk bonds about to send stocks an important message? It looks like it from this chart! Junk Bond ETF (JNK) has created a series of lower highs and lower lows over the past couple of years, inside of falling channel (1). When it broke support in early 2018 at (2),...
by Chris Kimble | Oct 31, 2019 | Kimble Charting
How Banks perform in the long-term has historically been important to the S&P 500. Are Banks sending a spooky message to the S&P 500 this week? Could Be! This chart looks at the Bank Index (BKX) over the past 8-years. Since the lows in 2011, the index has...
by Chris Kimble | Oct 30, 2019 | Kimble Charting
The S&P 500 Index appears to be setting up for an important breakout “TEST”. Stock market bulls are cheering for a breakout, while bears are looking for a pullback off resistance. In today’s chart, we look at the S&P 500 Index on a longer-term “weekly” basis....
by Chris Kimble | Oct 25, 2019 | Kimble Charting
One week ago, I wrote about the Bank Index (BKX) and the prospects for a breakout. Here’s an excerpt on why the banks are so important to the broader market: “One of the most important sectors of the stock market is the banking industry and bank stocks. When the banks...
by Chris Kimble | Oct 17, 2019 | Kimble Charting
One of the most important sectors of the stock market is the banking industry and bank stocks. When the banks are healthy, the economy is likely doing well. And when bank stocks are participating in a market rally, then it bodes well for the broader stock market. In...
by Chris Kimble | Oct 15, 2019 | Kimble Charting
Bank earnings could go a long way to impacting the broad market in a big way this week. Wells Fargo, Goldman Sachs, Bank Of America, JP Morgan, Morgan Stanley all announce earning the next couple of days. As these earning announcements are to take place, the Bank...
by Chris Kimble | Sep 18, 2019 | Kimble Charting
It’s not often that three asset classes reach similar important trading points all at once. But that’s exactly what’s happening right now with stocks, crude oil, and treasury bond yields. And this is occurring on Federal Reserve day no less! Something has got to give....
