Category Archives: Technical Analysis

Bond Bear Crash No. 8

Many technical analysts have abandoned bonds after numerous failures in the last 5 years to identify reversal points. Most have shifted to momentum markets that are supported by solid fundamentals in fear of another embarrassment. Thus, fewer calls of tops or bottoms are made and most … Continue reading

Posted in Technical Analysis | Tagged , , | Comments Off

S&P 500 Has Just Broken Another Record

As several bloggers have already reported, the S&P 500 has stayed above its 5-day moving average for an unusully long period of time. Yesterday, the record of 26 days registered on March 3, 1986, was broken. Price action strength is … Continue reading

Posted in Market Statistics, Technical Analysis | Tagged , | Comments Off

Expectation Divergence Amidst High Strength

Stock market strength is high and this fact cannot be denied. But there are certain important divergences. Could it be that this is a “weak rally” versus a “strong rally”? Dip buyers show up after almost every lower opening but … Continue reading

Posted in Market Statistics, Technical Analysis | Tagged , | Comments Off

RUT(hless) Massacre

The Russell 2000 index rallied 2.86% yesterday to close above both its 50- and 200-day moving averages. In the last 7 days the index has gained 6.2%, which translates to a massacre for technical head and shoulders and double top traders. … Continue reading

Posted in Technical Analysis | Tagged , , , | Comments Off

Losses Mount for Russell 2000 Head and Shoulders Traders

In the era of social media, it is unlikely that anyone can profit from a widely talked pattern, like the head and shoulders in Russell 2000 and in its popular ETF, IWM. If you are not sure of what is happening, you … Continue reading

Posted in Technical Analysis | Tagged , , , , , | Comments Off