Category Archives: U.S. Indexes

Russell 2000 closes above the resistance zone of 1040-1050

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This 6-month daily chart shows the close above the resistance level of 1040. The near-term trend is up but the major and intermediate trends are both down
Russell 2000 6-Month Daily Chart showing the breakout above resistance.

Russell 2000 6-Month Daily Chart

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The following 3-year weekly chart for the Russell 2000 shows the same breakout above 1040. But, the important point on the chart is the close above major resistance of 1050
Russell 2000 3-Year Weekly Chart showing the breakout above resistance.

Russell 2000 3-Year Weekly Chart

Reference my post for the Russell 2000 published on January 12, 2016 identifying the fact that the index was in bear market territory.

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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S&P 500 moves above the 50-day sma and 1950 resistance

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Tall shaven head and shaven bottom candlestick is a graphical representation of the powerful 2.39% upswing today. Need to look for follow through on Wednesday
S&P 500 Daily Candlestick Chart showing the move above the 50 day simple moving average.

S&P 500 Daily Candlestick Chart

Some points from the above daily chart of the S&P 500:

  • A strong move back above the 50-day sma.
  • Closed above resistance of 1950.
  • I posted a chart for the break below the 50-day on Monday.
  • What a difference a day makes!
  • The shaven head and shaven bottom candlestick is a graphical representation of the move.
  • Shaven head represents a close at the high of the day.
  • Shaven bottom represents the open as the low of the day.
  • In other words, no dithering.
  • The market opened at the low and closed at the high
  • Bodes well for a follow through on Wednesday.
  • The volume is the fuel that drives the market. Must have volume in an uptrend. Volume was ok today.
  • If the break holds, the next resistance point is 2000.
  • A break above 2000 indicates a test of the 200-day sma.
  • And, …………

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Risk on sectors dominated the action today

S&P 500 Sectors

S&P 500 Sectors

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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S&P 500 closed today below 1950 and 50-day sma

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S&P 500 5-Month Daily Chart showing the close below the 50-day sma

S&P 500 5-Month Daily Chart

Reference the Feb 17, 2016 post: Dead cat bounce? S&P 500 will test resistance at 1950

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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West Texas Intermediate 6-month daily chart

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Intermediate downtrend defined by the 40-day moving average
WTI 6-Month Daily Chart

WTI 6-Month Daily Chart

Reference the last chart analysis for WTI.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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Dead cat bounce? S&P 500 will test resistance at 1950

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1950 is just the first resistance point
S&P 500 1-Year Daily Chart will test resistance at 1950

S&P 500 1-Year Daily Bar Chart

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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Gold 5-Year Chart

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A pullback to the trendline would have support around 1200
Gold 5-Year Weekly Line Chart showing the trendline and support around 1200

Gold 5-Year Weekly Line Chart

Reference the last chart analysis for gold.

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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10-Year U.S. Treasury Yield Index 5-Year Chart

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10-Year Treasury Note Yield chart 5-year chart

10-Year Treasury Note Yield 5-Year Weekly Chart

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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Dow Jones Industrial Average at major support: 15500

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We will get a bounce but will it be a dead-cat bounce?

Dow Jones Industrial Average weekly chart_2016-02-11

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Fibonacci Retracement Levels published on January 15, 2016
DJIA 5-year chart showing the fibonacci retracement levles

DJIA 5-Year Chart

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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