by Chris Kimble | Jan 8, 2020 | Kimble Charting
Crude Oil double topped in late 2018, then it fell nearly 50% in 90-days, taking stocks along with it. Could Crude be “Double Topping” again? Let’s investigate what the chart is showing us. Crude oil created a weekly Doji Star topping pattern at (1)...
by Chris Kimble | Jan 7, 2020 | Kimble Charting
Is a bearish reversal pattern in S&P 500 taking place at a key Fibonacci level? Possible! This chart looks at the S&P 500 on a weekly basis over the past few years, where Fibonacci was applied to the “weekly closing highs and lows” during 2018. The...
by Chris Kimble | Dec 18, 2019 | Kimble Charting
Is the 10-year bull market for FedEx about to end? Odds are high we will find out soon! This chart looks at FedEx (FDX) over the past 12-years. It has spent the majority of the past 10-years inside of rising channel (1). It hit the top of this channel in January of...
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...
