Category Archives: Technical Analysis

S&P500 Tests 200-day For First Time In Almost Two Years

The S&P500 closed just above its 200-day moving and little over a point above the August lows.  Going to interesting how this plays out.  With all the fear and loathing, the index is only 5.60% of its September 19th high.   … Continue reading

Posted in Equities, Technical Analysis | Tagged , , , , | 1 Comment

Russell Turns Up

The Russell 2000, which was selling off while the S&P500 was making new highs, is behaving better and worth watching here as it has turned up before the other indices (see chart).  Whether this is just short covering or a … Continue reading

Posted in Equities, Technical Analysis | Tagged , , | Leave a comment

Nasdaq Key Technical Levels

The Nasdaq is holding up better than the S&P500 and Dow, off only 3.37 percent from its recent high, and yet to test its 100-day.  The index has even yet to break its 38.2 Fib retracement of the April 15 … Continue reading

Posted in Equities, Technical Analysis | Tagged , | Leave a comment

Showtime for the S&P500

It’s showtime for the S&P500, which managed to hold and bounce from its 100-day moving average today.   The bulls must continue their defense of the November 2012 trendline and the 50% retracement at the 1895-1900-ish level.   Would love to see … Continue reading

Posted in Equities, Technical Analysis | Tagged , , | Leave a comment

Nasdaq and Russell 2000 Bounce Off 100-day SMA

(click here if charts are not observable)

Posted in Eurozone Sovereign Spreads, Technical Analysis | Tagged , , | Leave a comment

Sector ETF Technical Analysis – February 21

(click here if charts are not observable)

Posted in Sector ETF Peformance, Technical Analysis | Tagged , | Leave a comment

Tesla’s Head & Shoulders Formation

Tesla (TSLA)  looks to close below its 50-day moving average today, the first close below its 50-day since March and its big move up (see chart).  It is also testing the $160 neckline of a potential head and shoulders reversal.   … Continue reading

Posted in Technical Analysis | Tagged , | Leave a comment

Trannies and Russell Break 50-day SMA

The recent weakness in the Transports and the Russell were confirmed by today’s sell-off in the S&P500.  Let’s see if they can reclaim 50-day and if all the buyers waiting for the sell-off step in here.  Note also the weakness … Continue reading

Posted in Equities, Technical Analysis | Tagged , , | 1 Comment

United Healthcare’s Gravestone Doji

It will be interesting to watch how UNH trades tomorrow after carving out a classic gravestone doji today.   At today’s high the stock was up almost 20 percent from its February close.    The books say today’s pattern sets up … Continue reading

Posted in Technical Analysis | Tagged , | Leave a comment

Chart Gazing

Let’s take a look at the sector ETF charts. Most still look like they are just beginning a correction of the almost vertical move since the beginning of the year.   Only the financial ETF has successfully tested its 50-day.  The … Continue reading

Posted in Technical Analysis | Tagged , , , , , | 1 Comment