* Path of recoveries from recent declines have been mixed * S&P is at short-term resistance * Some reliable short-term indicators not quite there yet * Yen breaks out from a large base Path of recoveries from recent declines have been mixed After five straight up days since the February 9 intraday... READ MORE
* Bottoms are being “hammered” out * VIX is quietening down * Net new highs offer green shoots * NASDAQ Chart is turning Bottoms are being “hammered” out It has certainly been a wild ride this week, but Friday saw several major indexes trace out a Japanese candlestick pattern known as a “hammer”. This... READ MORE
* Bullish piercing white line * Bullish volume * VIX signaling volatility retreating again Bullish piercing white line Tuesday’s market action suggests that the selling squall is over, at least for the time being. That’s because a couple of indexes experienced a bullish candlestick pattern known as a piercing white line.... READ MORE
* Primary trend indicators are still bullish * Short-term indicators still overbought * Very short-term indicators already at extremes * Bonds bottoming short-term? I have been saying for some time that the market’s primary trend is a bullish one and that we should not get hung up with short-term corrections. That theory is... READ MORE
* Big changes in all four areas * Equities * Commodities * Currencies * Bonds This months market roundup has a lot of charts that are breaking out on long term relative strength breakouts. Market Roundup With Martin Pring 2018-02-01 from StockCharts.com on Vimeo. Chartcon 2018 registration is now open! Registration kicked off today,... READ MORE
* The underlying trend of improving confidence continues * Several indicators are pointing to some kind of a correction * Small caps are lagging The underlying trend of improving confidence continues The longer-term indicators monitoring the primary trend of the US stock market continue to point north. So too, do the various confidence... READ MORE
* Dollar experiences a short-term reversal * Commodities are in a bull market but adversely affected near-term * Gold showing signs of tiredness but still within a base building process Dollar experiences a short-term reversal It’s a funny thing in markets, when you have just grown comfortable with a move, it sometimes... READ MORE
* Last week’s bearish dark cloud cover fails * These confidence ratios are breaking to the upside and that’s bullish for stocks Last week’s bearish dark cloud cover fails Last week I pointed out that many of the principal indexes had traced out bearish dark cloud cover candlestick patterns.... READ MORE
* Dark cloud cover explained * What enhances a dark cloud signal * How long is its bearish effect likely to last? Dark cloud cover explained The weather forecast this morning was for wintery weather on the East Coast. However, a more sobering non-meteorological message has been given by the stock market. Tuesday’... READ MORE
* CRB Composite nudging through mega resistance * Key intermarket relationships starting to point in an inflationary direction * Inter-asset ratios also confirm the inflationary scenario * Euro breaks to the upside CRB Composite nudging through mega resistance Late last month I wrote about several charts I was watching for a possible breakout in... READ MORE
* Basic changes in long-term momentum * The five-year maturity is signalling an end to the secular decline in yields * Twenty-year yield showing signs of basing * Ten-year attacking mega down trend line * From a short-term aspect bond prices look vulnerable * Utilities about to crash? Basic changes in long-term momentum Since the beginning... READ MORE
This months Market Roundup live video has a lot of information on the bond market. The six-stage cycle is currently in Stage 3. This large overview shows some of the major macro trends that are breaking right now. Market Roundup With Martin Pring 2018-01-03 from StockCharts.com on Vimeo. Good... READ MORE
Dollar Index is in a confirmed bear market * Dollar sympathy indicators are close to a major breakdown * Canadian and Aussie dollars are driven by commodity prices * Emerging Market ETF benefiting from a weaker dollar Dollar Index is in a confirmed bear market As 2018 begins to unfold the Dollar Index... READ MORE
* 10-year bond yields could be in the process of a secular reversal. * What odds is the S. Korean ETF placing on the breakout of war? * China has gone uncharacteristically quiet. Is this the quiet before the storm? * CRB Composite just below mega resistance As we approach 2018 I thought it... READ MORE
* What message is the yield curve giving? * Secular reversal in short-term bond yields is being signalled * Energy sector breaks to the upside * Energy strength may breathe life into the CRB Composite What message is the yield curve giving? Despite what you may be reading, the yield curve is not forecasting... READ MORE
* General thoughts on the discounting process * Short-term indicators poised for, but not yet signalling a decline General thoughts on the discounting process There is an old adage on Wall Street to the effect that traders should, in the case of war, sell the rumor and buy on the sound of... READ MORE
* 18-month ROC is literally off the charts * Bitcoin and short- term momentum * Comparing Bitcoin to the Bitcoin Trust * Conclusion * Links to videos on Bitcoin 18-month ROC is literally off the charts There are two Bitcoin directly related vehicles that are available on the StockCharts platform. These are the NYSE Bitcoin... READ MORE
This months Market Roundup highlights the three main assets of bonds, commodities and stocks. Rotations between these asset classes can help find major secular moves. This month shows multiple trends changing. Market Roundup With Martin Pring 2017-12-06 from StockCharts.com on Vimeo. Good luck and good charting, Martin J. Pring... READ MORE
* Gold leads commodities * Gold, gold shares and silver complete head and shoulder patterns * Two confidence ratios are forecasting lower gold prices * Commodities headed lower Gold leads commodities Chart 1 compares the price of gold to commodities in the form of the CRB Composite. The green shaded areas represent rally periods... READ MORE
* Oil experiences a major upside breakout * Overstretched energy markets on a short-term basis * Where oil goes commodities in general often follow I recently came across a commitment of traders hedgers chart that shows a record low short position. Now it’s true that since the 1990’s there has been... READ MORE
* Small Caps breaking out * Gold and Silver may be close to a resolution to their recent rangebound activity * Euro in a real dilemma but with a bullish bias In sorting through a number of charts I recently came across some potential price patterns that are developing in several key markets.... READ MORE
The long-term picture * Is the stock market smarter than the commodity market? * Commodity indexes short-term overbought The long-term picture Since mid-summer, commodity prices reflected in broadly based indexes such as the CRB ($CRB), Bloomberg Commodity ETN (DJP) or the DB Commodity ETF (DBC) have been on a tear. However, short-term... READ MORE
Growth versus value and a possible mega breakout favoring growth * The technology/staples ratio supports the growth/value breakout * Some credit spreads are looking shaky * Are stocks finally breaking against commodities? Growth versus value and a possible mega-breakout favoring growth Chart 1 compares the performance of the S&P... READ MORE
* 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