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    Stock Market, Gold and Commodities Analysis (video)

    A look at the US stock market via SPY, QQQ & IWM followed by the outlook for GLD, GDX & the US Dollar concluding with an overview of various commodities such as oil & agricultural commodities & their related ETFs. The following securities are covered in this order: $NAAD, SPY, QQQ, IWM, GLD, GDX, UUP, [...]

    US Equity Markets Overview

    Today's sell-off in US equities resulted in some solid technical breakdowns in some of the more volatile indices and sectors, such as the $RUT (Small Caps) and XLK (Technology) while the broadly diversified large cap indexes, such as the S&P 500 and Nasdaq 100 are still perched comfortably above their respective primary uptrend lines, albeit [...]

    Dec 11, 2013 11:36pm|Categories: Equity Market Analysis|Tags: , , , , , |Comments Off on US Equity Markets Overview

    S&P 500 At Secondary Trendline Support + $NAAD Sell Signal Pending

    The $SPX did break below the bottom of the larger wedge (white uptrend line) as draw in the $SPX daily live link chart & updated daily chart posted early today.  However, prices have now hit the secondary wedge/uptrend line (purple) which is likely to cause a reaction (a reaction being defined as a pause or short-lived bounce).  This is the same pattern that was covered in the $SPX video analysis on Sept 26th (which can be viewed by clicking here).  The updated version of that $SPX daily chart is shown here.  My expectation is that any counter-trend bounce, [...]

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    Oct 8, 2013 2:52pm|Categories: Equity Market Analysis|Tags: , , , |Comments Off on S&P 500 At Secondary Trendline Support + $NAAD Sell Signal Pending

    Chasing Garbage, part II

    As a follow-up to last week's Time To Dump The Trash? commentary, which discussed how the lower quality small crap cap stocks have a history of sharply outperforming the higher quality, large cap stocks (such as those found in the S&P 500 and Dow Jones Industrial Averages) during the final stages of an uptrend, I wanted to share the following chart.  This chart essential tells the same story as the $SPX/$NDX/$RUT chart included in that previous discussion but shows a more quantifiable level whereby the outperformance of the Russell 2000 against S&P 500 has historically triggered sharp declines in the stock market.  In addition to being a caution sign about holding or chasing the high flying small cap stocks at this time, another takeaway from this chart is that not only do the higher risk small cap stocks typically lead the way into market tops but the also tend to lead the way down once the market has peaked and the selling kicks in. [...]

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    Oct 3, 2013 10:56am|Categories: Equity Market Analysis|Tags: , , |Comments Off on Chasing Garbage, part II

    Dual Sell Signals Confirmed

    I've recently discussed two of my most reliable longer-term sell signals: The AAII Bull/Bear Spread Extremes as well as the $NAAD simple trendline buy/sell indicator (click on either to see the previous charts and discussion).  In the last update to the $NAAD indicator about a week ago, I pointed out that a sell signal was [...]

    Feb 20, 2013 11:30pm|Categories: Equity Market Analysis|Tags: , , , , |Comments Off on Dual Sell Signals Confirmed

    $NAAD sell signal pending

    In the past I've discussed how the $NAAD (advancing vs. declining stocks in the Nasdaq Composite Index) has been a pretty reliable indicator for signaling trend changes.  In fact, the last time I posted this chart was on December 10th, just before it issued a solid buy signal by breaking above the Sept - Dec [...]

    Feb 12, 2013 10:28am|Categories: Equity Market Analysis|Tags: , |Comments Off on $NAAD sell signal pending

    Market Update

    There really haven't been any new developments to report lately so I just wanted to reiterate my thoughts on where things currently stand.  As discussed in the last market overview video from Nov. 30th, some of the key levels that I have been watching are: The top of the resistance zone on the $SPX at [...]

    Dec 10, 2012 12:04pm|Categories: Equity Market Analysis|Tags: , , , |Comments Off on Market Update
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