Category Archives: U.S. Indexes

Enjoy this bull run which is nearing the record timeframe without a 10% correction

https://www.marketwatch.com/story/goldman-says-highest-valuations-since-1900-leave-investors-in-for-a-world-of-hurt-2017-11-29

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“Technical Analysis is about identifying and following the appropriate trend.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

VIX still at extreme low as 2017 draws to a close

What would it take to move the VIX?  Maybe I shouldn’t ask this question.

VIX at extreme low.

What is the ‘VIX – CBOE Volatility Index

VIX is the ticker symbol for the Chicago Board Options Exchange (CBOE) Volatility Index, which shows the market’s expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. This volatility is meant to be forward looking, is calculated from both calls and puts, and is a widely used measure of market risk, often referred to as the “investor fear gauge.”

https://www.investopedia.com/terms/v/vix.asp

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“Technical Analysis is about identifying and following the appropriate trend.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

S&P 500 historical PE Ratio

This chart is the starting point for a valuation discussion

S&P 500 historical PE ratio

http://www.multpl.com/

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Why invest in the TSX Index when you have the S&P 500?

Resource stocks and banks make-up the bulk of the TSX Index.

TSX Index long-term chart.

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The S&P 500 Index is divided about equally between 10 sectors

S&P 500 Index long-term chart.

https://www.thebalance.com/what-are-the-sectors-and-industries-of-the-sandp-500-3957507

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Percent of stocks above 200 day moving average

Percent of stocks above the 200 day moving average is a breadth indicator and is confirming the major uptrend in the S&P 500 Index.

Percent of stocks above the 200 day moving average is a breadth indicator and is confirming the major uptrend in the S&P 500 Index.

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Russell 2000 closes below 200-day average

Can it hold major support around 1350?

Russell 2000 closes below the 200-day average. Major support level is now around 1350.

Russell 2000 3-Year Weekly Chart

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

U.S. unemployment rate at 4.30%

The current unemployment rate of 4.30% is below the 2007 low of 4.40%. Theoretically, there should be wage inflation at this “low” unemployment rate. But the year over year wage increase is a relatively benign 2.5%. Why would the Fed be in a rush to raise rates?

Chart showing the U.S. unemployment rate.

http://www.investopedia.com/terms/v/vix.asp

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca