Category Archives: U.S. Indexes

Intermediate downtrend for WTI

WTI will test the $92.50 support zone
Chart for WTIC showing the intermediate downtrend with support around 92.50

West Texas Intermediate 3-Year Weekly Chart

Reference the last chart analysis for West Texas Intermediate Crude

West Texas Intermediate headed for a fourth weekly drop, the longest losing streak since November, amid speculation that crude supplies are expanding as global demand slows. Brent gained in London……………..

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“Charting is all about assessing 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.

U.S. Treasury 10 Year Note Yield Chart (2010-2014)

Intermediate downtrend with support at 2.40%
U.S. Treasury 10 Year Note Yield Chart showing the intermediate downtrend with support at 2.40%.

U.S. Treasury 10 Year Note Weekly Yield Chart

Geopolitical concerns are one reason for the intermediate downtrend in the treasury yield.

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“Keep it Simple”

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.

CBOE Volatility (VIX) Index – Fear Gauge

VIX closes at 17.03 on Friday.
CBOE Volatility (VIX) Index

CBOE Volatility (VIX) Index 5-Year Weekly Chart

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“Keep it Simple!”

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.

S&P 500 chart analysis

Major uptrend still in effect for the S&P 500. But how long more will it last?
S&P 500 chart analysis showing the trendline.

S&P 500 5-Year Weekly Chart

There is a high probability the S&P 500 will test the trendline which is the 200-day simple moving average.

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“The trend is your friend until it ends.”

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.

West Texas Intermediate Crude daily chart

Testing the support level of 99 on the daily chart
West Texas Intermediate testing the support level of 99 on the daily chart.

West Texas Intermediate 6 Month Daily Chart

Reference the last chart analysis for WTIC.

______________________________

“Charting is all about assessing 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.

West Texas Intermediate Crude Oil weekly chart

Breakout from resistance of $105
Breakout for WTIC today from resistance of $105

West Texas Intermediate Weekly chart

______________________________

“Charting is all about assessing 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.

Dow Jones Industrial Average chart analysis

Last correction for the Dow was in 2011
Weekly chart for the Dow Jones Industrial Average showing the last correction in 2011.

Dow Jones Industrial Average 5 Year Weekly Chart courtesy of BigCharts.com

The S&P 500 SPX +0.09% is certainly overbought, in our opinion, and has gone well beyond the time in which it typically endures a correction or worse (the 500 has advanced for 32 months without a decline of 10% or more, versus the average of 18 months since 1945). In addition, valuations on trailing and projected Operating and GAAP (also known as “As Reported”) earnings per share, are equal to their long-term averages. Read more……….

“The bulls have clearly been in the lead,” Francois Savary, who helps oversee about $9.5 billion as chief investment officer at Reyl & Cie., said by phone from Geneva. “But even with improving economic data, I think that the U.S. market may have gone too far too fast, and I don’t see too much potential from here. I would pull out of U.S. equities and go into emerging markets.” Read more…………

Reference the last chart analysis for the Dow Jones Industrial Average.

______________________________

“Keep It Simple!”

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.