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TECHNICAL ANALYST: The Stock Market Just Broke Through A Key Level, And Now...
Jonathan Krinsky, a technical analyst with MKM Partners, weighs in on the market selloff.Yesterday we talked about the potential volume pocket above 1869, and how that was likely an important line in...
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CHART OF THE DAY: 'Sell In May And Go Away'
One of the oldest "rules" on Wall Street is "sell in May and go away."Based on some rough historical observations, someone decided that it might be a great idea to stay out of the stock market between...
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Yesterday's 0.00-Point Move In The Dow Was Really Weird (DIA)
The Dow Jones Industrial Average closed on Thursday absolutely unchanged for the day. The closing index value on Wednesday was 16,501.65, and the closing value on Thursday was also 16,501.65.This seems...
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WUH-OH: There's A Head-And-Shoulders Pattern Forming In The Market
For those of you who are concerned with chart patterns, there is a "head and shoulders" pattern forming in the Nasdaq.In a nutshell, this formation is observed when a price peaks, then falls, then...
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Investors Are Great At Finding Patterns Where None Exist
An old market adage says to “sell in May and go away.” The logic behind this bit of market lore is that the summer months have historically produced relatively poor returns, and investors would benefit...
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Fewer And Fewer Stocks Are Making New Highs
The S&P 500 sits right near all-time highs.However, that belies the fact that few of the 500 stocks in the S&P 500 are actually doing the same."Only 48 stocks made a new high with the market...
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The Transportation Stocks Look Like Bulls On Steroids
The bull is back on steroids, especially for transportation stocks. The S&P 500 Transportation stock price index is up 9.9% ytd to a new record high, outpacing the 4.1% increase in the S&P 500....
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ANALYST: The Stock Market's Wolf May Finally Be Close At Hand (DIA, SPX, SPY,...
The stock market's "Wolf" moment might finally be here. In his latest technical strategy note, Jonathan Krinsky, chief market technician at MKM Partners, uses the parable of the boy who cried wolf to...
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CITI ANALYST: We Could See The S&P Surge To 2,400 Within Months (DIA, SPY,...
This week, we saw the S&P 500 finish over 2,000 for the first time ever. This is a whopping 200% gain from its March 2009 low.Tom Fitzpatrick and the technical analysis team at Citi see a chance...
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Obsessing Over Stock Charts Puts Holes In Investors' Shoes And Yachts In...
"The past history of stock prices cannot be used to predict the future in any meaningful way."In his book "A Random Walk Down Wall Street," Burton Malkiel takes on a number of investing strategies,...
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ALBERT EDWARDS: This Is The Most Important Chart For Investors (DIA, SPY,...
Albert Edwards at Societe Generale says the US dollar against the Japanese yen is the most important chart for investors right now.In a note to clients on Monday, Edwards said that after last week's...
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Everyone's Talking About The 'Death Cross' In The Russell 2000 (IWM, RUT,...
On Monday, the Russell 2000 completed a "Death Cross."The Russell is made up of small and mid-cap stocks.A "Death Cross" is a technical indicator that happens when a security's 50-day moving average...
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ART CASHIN: Sell On Rosh Hashanah And Buy On Yom Kippur
"Sell on Rosh Hashanah, and buy on Yom Kippur" is one of the more obscure calendar-based trading rules that old-school Wall Streeters watch.As he does every September, UBS' veteran trader Art Cashin...
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The Death Cross Foretold Everything (SPY, IWM)
Markets are tanking today, and traders have various theories about why.But here's one thing that technical analysts and other fans of chart-reading will be interested in.Just a few days ago, the...
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All Eyes Are On One Particular S&P 500 Stat
Thursday's 2% drop in the S&P 500 put the index at 1,928, down 4.5% from its September 19 high of 2,019.This is one of the more notable pullbacks we've seen in what has been a very low-volatile...
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WALTER ZIMMERMAN: The Stock Market Roller Coaster Has Been Released From The...
Last week's stock market sell-off put the Dow Jones Industrial Average in the red for the year."What strikes me most about all this is the sheer complacency," said Walter Zimmerman, chief technical...
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Everybody Is About To Be Talking About This Line And The S&P 500 (SPY)
Here's a VERY easy prediction to make.This week, lots of people are going to be talking about the red line in the chart above. That's the 200-day moving average (the average of the last 200 days of...
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All Eyes Are Back On One Particular S&P 500 Stat (SPY)
About two weeks ago, as stocks started to look as if they were cracking a bit, everyone was talking about one major technical indicator on the S&P 500: the 200-day moving average.Last week, the...
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The Rally Since The October 15 Low Has Just Been Remarkable (DIA, SPY, QQQ, IWM)
Wednesday marks the four-week anniversary of the most recent stock market bottom, made on October 15. Since then, the S&P 500 has gained 12% in just 19 trading session and moved back to all-time...
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Here's The Deal With The 'Santa Claus Rally' Traders Talk About
There's a mythical phenomenon in the stock market that some historians refer to as the "Santa Claus Rally."Simply put, it's the observation that historically, stocks have tended to rally during the...
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