Funny fundamentals often translate to tricky technicals.
"There is no S&P index anymore. It's just a few names." @CarterBWorth takes to the charts to explain the market's major bifurcation. pic.twitter.com/PYykZ6Z4lP — CNBC's Fast Money (@CNBCFastMoney) July 6, 2020 “Chart Master” Carter Worth checks out the concentration of capital issue in the S&P 500 index. This overweighting problem is why, when traders finally… Read More »
The man who coined the phrase “New Normal,” Allianz chief economic advisor Mohamed El-Erian, was on CNBC’s “Squawk Box” this morning. He repeated his warning made earlier this month about the economic impact of the coronavirus. His specific instruction today: “I would continue to resist, as hard as it is, to simply buy the dip.”
The S&P 500 index is back to its September 2018 high. It has managed to retrace all of that late year decline. This means that traders who held on and rode out the volatility of the last five months are back to even. The adroit traders who sold near the highs last year and were… Read More »
Once again, we were pleased to be invited to contribute to the “Off the Charts” segment of Mad Money on Tuesday night. Jim Cramer and his “Mad Money” team do an excellent job of presenting the charts and our interpretation of the price action. Thanks to Jim and his staff. Here is our take on… Read More »
From CNBC this morning: Jim Grant, editor and founder of Grant’s Interest Rate Observer, discusses whether the Fed might slow its pace of interest rate hikes as market volatility continues to hit U.S. stocks.
Monday night on CNBC’s Fast Money, the Chartmaster Carter Worth outlined his technical analysis of the crude oil market. In the video below he says that he expects crude oil to bounce off its current test of support on the chart, and move higher. Chartmaster says these are the bet names to buy on an… Read More »
Bob Lang’s technical take on the broader market was featured on the “Off the Charts” segment of Mad Money last night. Bob, of ExplosiveOptions.net, said the charts of the S&P 500, Nasdaq 100 and Russell 2000 suggest the stock market could still have more downside. Cramer summed it up: “The charts of the major indices,… Read More »