S&P creating parallels to 2000 & 2007

by Kimble Charting CLICK ON CHART TO ENLARGE Trouble started for the S&P 500 in 2000 when momentum diverged for months, it broke below multi-month trading range support, 200-day moving average, and multi-year rising support at (1). Trouble started for the S&P 500 in …

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Banks Creating Pattern Similar To 2007 Highs?

by Kimble Charting CLICK ON CHART TO ENLARGE The left chart above looks at the Bank Index (BKX) over the past 13-years. In 2007, the index diverged with the broad market as it was creating a bearish descending triangle. Once support of the descending …

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On Monday the SP500 is creating a new Communications sector which may affect ETFs.

https://www.cnbc.com/2018/09/21/on-monday-google-facebook-and-netflix-will-make-a-big-market-move.html Market-leading companies including Alphabet, Facebook and Netflix are changing S&P 500 sectors on Monday. The New S&P Communications sector that replaces the telecom index will include these big technology stocks, changing the nature of what has been one of …

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