Category Archives: Technical Analysis

One Dow Leader Topping Out — Who Is Next?

The Dow Industrials were able to surpass the 23,000 level at the start of the second week of earnings season and the headlines around the country are touting the new highs. The strong earnings from Dow laggard International Business Machines (IBM) are likely to push the Dow even higher early Wednesday. A few weeks ago…
Read more

Coal Mine Canaries Keep Market Rally Alive

The stock market’s performance in September beat almost all expectations and October is off to a strong start with the S&P 500 showing a gain of 1.3% so far this month.  Since 1950 the S&P 500 has been up 41 years and down 26 with an average return of 0.76%. [caption id="attachment_80439307" align="alignnone" width="960"] (Photo…
Read more

Don’t Make These Two Investing Mistakes Now

As the major averages made further new highs this week the economic data continued to confirm that the economy is strong. The Friday’s job report was weaker than expected due to the hurricanes and stocks were a bit lower on Friday. It still was a good week for the major averages with the S&P 500,…
Read more

Apple- Correction or Top?

The 8.7% slide in the stock of Apple, Inc. (AAPL) stock since its September 1st high of $164.94 has gotten the market’s attention and spurred much debate. Some are wondering whether the stock has made an important top while others have raised their upside targets. Many of the opinions are based on fundamentals like phone orders…
Read more

Are Rising Rates Good For Stocks?

The weak inflation data since the start of the year had convinced most Fed watchers that the FOMC would not act on rates in September and maybe not this year.  Their announcement last week makes a rate hike likely in December and further rate hikes cannot be ruled out in 2018. The yield on the…
Read more

Top Technical Tool For Commodities

In over thirty year of analyzing and trading crude oil futures it has become clear that it is a market that is often subject to the most outlandish price forecasts.  Many will remember that less than two years ago one well known analysts said that crude oil would never trade above $44 in his lifetime…
Read more