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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Global oil hits 4-year highs…

From MarketWatch: Oil futures extended a recent uptrend on Tuesday that has lifted benchmark prices for the global crude to four-year highs and put U.S. crude on track for its longest streak of gains since late July, supported by expectations of …

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China-Double Topping At 2007 highs?

by Kimble Charting CLICK ON CHART TO ENLARGE Did the Hang Seng Index just create a “Double Top” at the same price it peaked in 2007? Let’s investigate! This chart looks at the Hang Seng Index on a weekly basis over the past 15-years. As …

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New Highs? Time for a Breadth Check

via brtechnicals: Key Points Breadth analysis can help us determine the strength of an index trend. There are a few ways to analyze breadth. We examine ADP and the percent of stocks above their 50-day moving average. We analyze the breadth …

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Fun Fact: The Russell 2000 index just hit record highs, but 60% of the debt issued by these companies are rated JUNK

Make sense? https://twitter.com/Nat0shiSakam0t0/status/1033795313298010112 https://t.co/SU8AzuJImP China slowdown pic.twitter.com/VuVNVKdV94 — Alastair (@StockBoardAsset) August 27, 2018 Chart: The relative attractiveness of cash vs. stocks continues to improve – pic.twitter.com/yvOQzrfkr4 — (((The Daily Shot))) (@SoberLook) August 27, 2018 Curve flattening is being googled the …

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Tommy Thornton:”SPX 52 week highs only 4% today vs 33% in January. Other divergences like this led to periods of weakness,”

$SPX 52 week highs only 4% today vs 33% in January. Other divergences like this led to periods of weakness. https://twitter.com/TommyThornton/status/1026154017314037760 Chart (@TheTerminal): Emerging/developed markets volatility divergence – https://twitter.com/SoberLook/status/1026287789288112129 Don’t count on strong future #StockMarket returns when buying at high …

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