* SPDR Homebuilder ETF (XHB) * iShares Home Construction ETF (ITB) * Euro and yen looking vulnerable Limitations being proposed for the popular interest rate deduction on tax filings hit the two homebuilder ETF’s for six on Thursday. These are the SPDR Homebuilder ETF (XHB) and the iShares Home Construction ETF (ITB)... READ MORE
* Global short-term indicators start to go bearish near-term * VIX and other US oscillators showing signs of vulnerability Global short-term indicators start to go bearish near-term A couple of weeks ago I suggested that several short-term indicators were hinting at a near-term downside or range bound correction. Usually, I put in... READ MORE
* Special K offers a trend reversal signal * Euro looks toppy * Gold could be vulnerable * Watch those commodities Special K offers a trend reversal signal The Dollar Index ETF, the UUP, remains below its long-term moving averages and most long-term smoothed momentum, such as the KST also continues to drop. That... READ MORE
* Short-term October stock market correction? * Healthcare not looking so healthy * Dollar likely to digest recent gains over the immediate short-term * How about a rally in gold? Short-term October stock market correction? The strongest seasonal of the year for equities comes at year-end. Since this is a bull market, it seems... READ MORE
The relationship between Stocks and Gold * Long-term Picture * Three interpretive rules * Looking at it the other way. The Gold/stock Ratio * Two Politically troubled ETF’s, are so technically troubled Long-term Picture One of the areas I focused on in my latest Market Roundup Webinar was the tight trading range... READ MORE
The Market Round Up Video Recording for October is available. Use the HD button for better clarity when viewing. Market Round Up Live With Martin Pring 2017-10-04 from StockCharts.com on Vimeo. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the... READ MORE
* Two bullish dollar charts * Several dollar sympathy relationships are likely to reverse In a couple of September articles on the dollar I suggested that the potential for a short-term rally existed, as bearish sentiment and other indicators appeared to have moved to an extreme. A rally of some kind does... READ MORE
The relationship between Staples and Materials * Long-term relative trends * Breakouts and breakdowns * Which of the materials sub-components are breaking out? * Euro looks short-term toppy The relationship between Staples and Materials Most of the time I concentrate on the trend of the overall market, but some sector charts for Consumer Staples... READ MORE
* Dollar begins a short-term rally * Fed action boosts rates * Financials set to move higher Fed action on Wednesday had the effect of boosting rates, thereby causing short-term reversals in several markets and relationships. These inflexion points in the markets are expected to influence prices over the next few weeks. Dollar... READ MORE
* A few words on sentiment * The long-term technical remains bearish but… * Short-term is almost bullish * What about the euro? * Conclusion A few words on sentiment The Dollar Index has been in a virtual free fall since the end of last year. No market goes down forever, because traders exhaust their... READ MORE
* Many positive indicators * Strong showing outside the US as well The last time I focused on the US stock market I pointed out that I liked the fact that the market was shrugging off bad news in the form of numerous widely circulated articles calling for a correction. While not... READ MORE
Here is the link to the Market Roundup Video Recording for September 2017. Market Round Up Live With Martin Pring September 2017 from StockCharts.com on Vimeo. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily... READ MORE
* Long-term technical structure looks solid * Gold shares are solid * Hail silver! Back at the end of July in an article entitled Has $GOLD Got What It Takes For A Major Rally? I pointed out that gold was sporting some bullish characteristics to the extent that we would probably see a... READ MORE
* NASDAQ is leading on the upside again * The Technology/Staples ratio continues to signal the all-clear for the whole market * Growth versus value is tipping towards growth NASDAQ is leading on the upside again Back in July the NASDAQ Composite was the epicenter for the coming market weakness, as it... READ MORE
* Contrary opinion argues against being too bearish on US equities * US equities are breaking down against the world * Emerging markets are emerging * Metals driving north Contrary opinion argues against being too bearish on US equities The majority of the shorter-term indicators monitoring trends lasting between 4-6 weeks argue for an... READ MORE
* Housing and housing stocks are vulnerable * Equal weight ETF’s are becoming less equal * Gold short-term vulnerable Housing and housing stocks are vulnerable New data for residential new single family home sales ($$HSNG1FAM) was released this morning and it is starting to look a little shaky. Chart 1 does not... READ MORE
* Bearish short-term charts suggest there is more to come on the downside * Consumer Discretionary—not so discreet * Energy—out of gas * Utilities—a place to hide? Bearish short-term charts suggest there is more to come on the downside For the last two weeks, I have been zeroing in on a... READ MORE
* More stock market indicators showing weakness * Bonds close to a breakout * Commodity rally over? * Dollar bottoming or about to break down? More stock market indicators showing weakness Last week I made the case for a correction in the market based on some specific indicators that has started to flash some... READ MORE
* Bullish percent indicators are starting to deteriorate * Short-term confidence may be turning * Small caps getting smaller? * Oversold Dollar Index bounces from support Bullish Percent Index indicators are starting to deteriorate This week we saw the financial media and President Trump glorify the fact that the DJIA had exceeded 22,000... READ MORE
The Market Round Up Video Recording for August is available. Use the HD button for better clarity when viewing. Market Round Up Live With Martin Pring 2017-08-01 from StockCharts.com on Vimeo. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the... READ MORE
* The longer-term indicators very finely balanced * The Gold/dollar ratio may be providing some leadership * Gold shares may have something to say in the matter The longer-term indicators very finely balanced The price of Gold has been in a trading range since late 2013, and has traded even more narrowly... READ MORE
* The US versus the world * Two reasons why US equities are likely to underperform * What does the rest of the world say? I have been writing for some time that, notwithstanding the inevitable but unpredictable near-term correction, the US market is in good technical shape and likely to work its... READ MORE
* What is a confidence indicator? * Credit Spreads to the rescue * Equity market spreads * Growth versus Value * Small caps: Are we there yet? Washington may be suffering from acute dysfunction but Wall Street doesn’t seem to care, or perhaps knows something that we mere mortals do not. Failure to agree... READ MORE
1. Some Global Equity Markets Getting Lift-off Again 2. US equities trying to follow the global lead 3. Relative trends favor emerging and Europe 4. Technology poised to move higher In terms of price, global equities have been in a corrective mode since late May, but now appear to be... READ MORE
* The Long-term indicators * Gold in Euro and Yen looking sick * Dollar based Gold completes head and shoulders top gold shares not quite there yet * Silver showing signs of tiredness * Stocks breaking out against Gold * The silver lining for Gold Several articles I have written in the last few weeks have... READ MORE
Here is the July video recording for Market Round Up Live 2017-07-05. 2017-07-05 08.02 @Test Market Round Up Live With Martin Pring 2017-07-05 from StockCharts.com on Vimeo. Good luck and good charting, Martin J. Pring... READ MORE
* Watch those small caps * Dr. Copper about to get better? * Wheat enters a primary bull market * The yen is getting close to a downside breakout * Gold is close to a breakdown Watch those small caps Chart 1 features the iShares Russell 2000 ETF, the IWM, together with its relative strength... READ MORE
* Technical condition poised for an upside breakout in the stock/Gold ratio * The significance for equities and gold from an upside or downside breakout. * Wither the tech stocks? Technical condition poised for an upside breakout in the stock/Gold ratio The ratio ($SPX:$GOLD) between the S&P 500... READ MORE
* The long-term setting * Short-term considerations * Some individual currencies are vulnerable over the short-term * Conclusion The long-term setting A few weeks ago I pointed out that the Dollar Index ($USD) had violated its bull market trendline, as well as the 65-week EMA and 12-month MA, two key long-term smoothings. That type... READ MORE
* Widespread dissemination of tech sell-off * Bears, not so fast * Not all tech sub groups experienced Friday’s selling spree * Commodities are down, but are they out? Widespread dissemination of tech sell-off In the last few days, we have seen a tremendous amount of financial media space alerting us to Friday&... READ MORE
* The head and shoulders that did not “work” * Inflation versus deflation sectors * Which are the financial sector stars? * Why financials matter The head and shoulders that did not “work” On this same date in May we published an article suggesting that financials could be an interesting area to monitor for... READ MORE
Here is the link to this months Market Round Up with Martin Pring for June 2017. Don't forget to use the HD button for better quality. Market Round Up Live With Martin Pring 2017-06-02 from StockCharts.com on Vimeo. Good luck and good trading, Martin J. Pring... READ MORE
* Long-term background for bonds * Bond Prices at a critical short-term juncture point * Is the 5-year yield forming a massive top? * Utilities moving in sympathy with bonds * Interest sensitive REITS starting to improve * Follow the commodities Long-term background for bonds A lot of people are betting that stronger economic data will... READ MORE
* Lots of supporting breakouts * Confidence ratio on the verge of a major bullish breakout? * Financials: trick or treat? * The US is due for a bounce against the rest of the world * Is it time to play the China card? Lots of supporting breakouts Last week I pointed out that the... READ MORE
* Dollar Index experiences major trendline breaks and MA crossovers * Dollar sympathy relationships confirm a weaker dollar * Emerging currencies are emerging * Some currencies remain in bear market against the dollar Dollar Index experiences major trendline breaks and MA crossovers This week, the US Dollar Index ($USD) violated several key benchmarks, leading... READ MORE
* 10-day ROC for the VIX may have a message for traders * Close that gap on your way out * Financials, a canary in the coal line for stocks in general Last week I wrote about the $VIX and concluded that a low reading, such as we recently saw, usually precedes a... READ MORE
* Trying to replicate the Shanghai Composite with a Chinese ETF * Global Update Years ago, investing in China was a challenging proposition for US based investors. In recent years though, a number of ETF’s have been listed that embrace Chinese Indexes as well as specific sectors. The big daddy of... READ MORE
* The VIX * The Dollar Index * The Euro * Swiss Franc * Japanese Yen The VIX Most of this piece is devoted to the dollar and some interesting looking currencies. However, I have been intrigued by a couple of articles and news stories recently appearing in the general purpose media. They have pointed... READ MORE
* $CRB and oil break to the downside * The stock market says commodities are headed lower * Bond market participants leaning in a deflationary way * Watch those commodity currencies The usual “Sell in May and Go Away” articles are starting to appear bigly, and a case can indeed be made in that... READ MORE
* A few words on long-term charts * US equities starting a period of underperformance? * Overcoming resistance * Chinese equities look vulnerable * Good looking country charts A few words on long-term charts I like looking at short-term charts because you can sometimes pick up some interesting psychological characteristics through divergences, candlesticks and one... READ MORE