by Chris Kimble | Oct 23, 2018 | Kimble Charting
The precious metals sector continues to be a “grind”, offering a few trades but mostly sideways to lower action. Gold prices have slogged along and this had held the Gold Miners (NYSEARCA:GDX) back… until recently. The Gold Miners (GDX) and the broader Gold &...
by Chris Kimble | Oct 17, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The left chart above looks at the Bank Index (BKX) over the past 13-years. In 2007, the index diverged with the broad market as it was creating a bearish descending triangle. Once support of the descending triangle broke, selling pressure...
by Chris Kimble | Oct 12, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE While so many are wondering if the stock market bounce today will hold, they might want to look to Germany for clues to where stocks in the states could be headed in the near future! The chart looks at the DAX index from Germany. The DAX has...
by Chris Kimble | Oct 12, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Two weeks ago the Power of the Pattern shared that bullish opportunities were forming in two hard-hit commodity ETF’s. Above is an update of what these patterns look like 10-days after the original posts. On 10/2 we shared this post;...
by Chris Kimble | Oct 11, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Did the top in the S&P 500 in 2007, have anything in common with the 2000 top? Yes! In 2000 the S&P made a nominal new high near the first day of fall, as monthly momentum was creating lower highs. Once it broke support selling...
by Chris Kimble | Oct 9, 2018 | Kimble Charting
At what point does the rise in treasury yields (and interest rates) matter to the economy and stock market? Today’s chart looks at the past 4 decades of the 2-year treasury note yield versus the stock market (the Dow Jones Industrial Average). As you can see in the...
by Chris Kimble | Oct 6, 2018 | Kimble Charting
We did an earlier chart reflecting that home builders are diverging similar to 2007. Housing is a critical component to the economy and stock market, as we found out a decade ago. And unfortunately, current housing market concerns don’t end there. There are several...
by Chris Kimble | Oct 3, 2018 | Kimble Charting
Interest rates are steadily creeping higher. And housing, as measured by the several housing related ETFs and Indexes is facing a slowdown. And not very many people are talking about it. Well, it’s time to put it on your radar! Housing carries implications for the...
