The iShares MSCI Emerging Markets ETF (EEM) is up over 30% this year. It has been a straightforward run higher above a rising 50 day moving average. That average is being tested again, along with horizontal support in the $45.50 area, and this time the test may be more severe. The MacD momentum oscillator has… Read More »
5 ways to diversify away from tech from CNBC. > The following is a synopsis of Tuesday’s “Off the Charts” segment on Mad Money, by Tom Bemis of TheStreet.com: With the market’s remarkable run over the past year, Jim Cramer told his Mad Money viewers Tuesday, it’s time to start asking if any of the… Read More »
A good way to monitor the intermediate term direction of long term interest rates has been to follow trend line breaks on the weekly chart of the iShares 20+ Year Treasury Bond ETF (TLT). It has been a simple technical technique to monitor a complex fundamental dynamic. Simple is good.
The Russell 2000 Small Cap Index continues the roll over that began last month. It’s moved back into the widening top triangle range but more recently it managed to make a series of small long-tail hammer-like candles. This cluster of neutral-to-slightly bullish candles suggests that there could be a pause in the downturn and a… Read More »
It is always a pleasure to join Bob Lang of ExplosiveOptions.net on one of his Thursday afternoon webinars. Bob’s actionable option analysis is second to none, and he is a great guy. Listen in as we talk charts, the technicals, and trading strategies. What Are the Best Stock Charts Right Now? – Webinar Recap
The recent price action in the VanEck Vectors Oil Services ETF (OIH) has been very constructive and could been signaling a reversal in its long term downtrend. An inverse head and shoulders pattern has been forming on the weekly chart under neckline resistance in the $26 area. The inverse H&S pattern is made up of… Read More »
Red Hat (RHT) has broken above resistance in the $122 area and is making new highs. It resembles prior consolidation breakouts that followed similar periods of very narrow overall range. These compressed periods took the Bollinger bandwidth indicator to a very low reading. Periods of low volatility are often followed by high volatility. Chaikin money… Read More »