Market Action was not as bad as advertised.
Media spokesmen love to spout statistics. They were quick to let traders know that the market experienced its first five-day losing streak of 2013.
The Thomson-Reuters Insider Sales to Buys ratio was extremely bearish in early May. The market went into sell-off mode within days. In late June the signal turned the most bullish it had been since last November. It has done nothing but go up since.
Charting gasoline prices against income and GDP provides some interesting results.
Since rapidly rising gasoline prices are in the news, let’s look at some charts of gasoline and the economy, courtesy of frequent contributor B.C. These depi…
NOTE: Friday’s regular stock market update is posted just below.
I was just expanding my crude oil charting, and it looks as though crude may be within a couple dollars of the Wave C of (ii) top. This is, of course, assumi…
June 7, 2011 updated by request
What would the S&P 500 look like without the Tech Bubble? Perhaps something resembling Australia’s All Ordinaries Index. I’ve included the S&P 500 in the background to support the idea.
There are some who might…
May 17, 2011 Analysis from Chris Kimble
Master market technician Chris Kimble looks at the NYSE Composite Index from both a daily and a weekly perspective. It’s time for a major test, he suggests, and that goes for several other major indexes as w…
May 13, 2011 Analysis from Chris Kimble
It’s Friday, and Chris “Just the Facts” Kimble returns for another Dragnet impersonation, this time with some thoughts on Financials and markets in general … and an ironic quip on diversification.
C…
May 9, 2011 Analysis from Chris Kimble
This morning master market technician Chris Kimble weighs in on the S&P 500 with a trio of charts.
Click for a larger image
Chris comments: The chart 3-pack gives us various short-term and macro pe…
May 6, 2011 Analysis from Chris Kimble
It’s Friday, and Chris “Just the Facts” Kimble returns for a cameo Dragnet impersonation, this time with a look at the recent nerve-wracking behavior of the Commodity Research Bureau (CRB) Index.
Click…
May 5, 2011 Analysis from Chris Kimble
Chris Kimble has an interesting post on blog this morning with a troubling question as the title: Is A Great Escape Taking Placeabout To Take Place In A Wide Variety Of Assets? Here are the two chart four-pac…
