Category Archives: U.S. Indexes

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.

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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

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

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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

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

Volatility Index (VIX) at an extreme low of 9.36

Is this the calm before the storm?

VIX at extreme low.

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

S&P 500 Index up 8.24 % for the first half of 2017

S&P 500 YTD Sector Performance

S&P 500 YTD Sector Performance

______________________________

“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

Intermediate downtrend for West Texas Intermediate

West Texas Intermediate is testing major support in the $42 to $43 price zone. There is a high probability this support zone will not hold which would put a test of the $40 price zone in play. If you need another negative, the 50-day moving average has crossed below the 200-day moving average: the old death cross.

Intermediate downtrend for WTI.

Reference my last chart analysis for WTI posted on May 4, 2017.

______________________________

“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

Volatility Index (VIX) at an extreme low of 9.77

Is this the calm before the storm?

VIX at an extreme low of 9.77

6-Year VIX Chart

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

S&P 500 YTD Sector Performance

The winner is the technology sector which is up +14.11% ytd

S&P 500 YTD Sector Performance

S&P 500 YTD Sector Performance

______________________________

“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