Category Archives: Technical Analysis

Charts for the Week Ahead

The strong stock market gains a week ago set the stage for the market’s resilient performance last week. After the long weekend, stocks opened under pressure on Tuesday, which I had predicted based on the previous week’s excess bullishness. The S&P 500 was down almost 2% on Tuesday, but closed well above the lows. It continued to…
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Can You Bank On A Stock Market Bottom?

December 30, 2018: Prior to last week’s action many of the technical and sentiment measures that I follow had reached extreme levels not seen in the past ten years. One such measure uses the NYSE Advance-Decline data. The chart from last week (Will There Be A Not Going Out Of Business Rally) showed that the…
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The Week Ahead: No Rally, But No Fear?

Dec, 9, 2018: The stock market opened last Monday with lots of promise. The Spyder Trust (SPY) opened at $280.28, which was 1.7% above Friday’s close at $275.65. It peaked in the first 30 minutes to close the day at $279.30. Stocks opened a bit lower on Tuesday, but then President Trump tweeted “I am a Tariff…
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Stocks Blast Higher – Sept. 20th

  Stocks Surge Higher With New A/D Buy Signals ​​​​​​ It was a powerful day for the stock market as the gains were solid across all the key sectors as Tom discusses in tonight's video. [embed]https://youtu.be/dy-iUvIv_ts[/embed] We have just completed the first series of one on one courses and have now opened registration for the October session. These courses…
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Will The Other FANG Stocks Drag The Market Lower This Week?

July 22, 2018: Instead of tariffs or earnings, the markets last week were focused on international relations, as the long-awaited meeting of President Trump and President Putin stimulated lots of debate for a good part of the week. Even Fed Chairman Jerome Powell’s generally positive comments on the economy were overshadowed by President Trump’s disapproval…
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Are Wall Street Strategists Too Bullish, Or Not Bullish Enough?

July 14, 2018 The stock market started off the week on a bullish note, as the strong close on July 6th, a reaction to the strong jobs report, signaled that the markets major trend had resumed. The short-term analysis forecasted a likely pullback during the week, which was supported by the fact that the averages…
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