by Chris Kimble | Feb 11, 2019 | Kimble Charting
Is the popular Tech ETF (QQQ) forming a “Head & Shoulders” topping pattern? Low odds, yet possible! What would it take to eliminate that this pattern is sending a bearish message to the tech sector? A strong rally at (1), would blow up the likelihood...
by Chris Kimble | Feb 7, 2019 | Kimble Charting
Housing and home building related stocks have been hit hard over the past year. Case in point: The Homebuilders ETF (NYSEARCA: XHB). Looking at the chart below, it’s clear that the Homebuilders (XHB) have been in a downtrend since last January of last year (see pink...
by Chris Kimble | Feb 1, 2019 | Kimble Charting
What a past 4-months its been for the S&P 500! It hits its 261% extension level of the 2007 highs and 2009 lows in late September and it then proceeds to fall nearly 18% in the last 3-months of the year. Following this large decline, the S&P closes the first...
by Chris Kimble | Jan 25, 2019 | Kimble Charting
Stocks, Yields and Crude Oil have experienced a high degree of correlation since the October highs and each looks to be experiencing a key price test at the same time! The S&P 500, 10-year yields and Crude Oil hit highs at nearly the same time in early October at...
by Chris Kimble | Jan 23, 2019 | Kimble Charting
4 weeks ago, the stock market was in panic mode… my, oh my, how things can change fast. But don’t let the good vibes go to your head just yet. Active investors need to fight off complacency here, as the S&P 500 knocks on an important price level. Today we focus...
by Chris Kimble | Jan 22, 2019 | Kimble Charting
The correlation between Crude Oil and the S&P 500 has been rather high over the last 100-days, as each looks to have peaked at the same time around the 1st of October at (1). After peaking together in October, Crude fell over 40% and the S&P nearly declined...
by Chris Kimble | Jan 18, 2019 | Kimble Charting
We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an...
by Chris Kimble | Jan 17, 2019 | Kimble Charting
Is the rally of late about to run out of steam or is a major breakout about to take place in the S&P 500? What happens at current prices should go a long way in determining this question. This chart looks at the equal weight S&P 500 ETF (RSP) on a daily basis...
