Category Archives: U.S. Indexes

S&P 500 Index chart with trendline and support zone

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Intermediate trend is up for the S&P 500 until proven otherwise
S&P 500 Index daily chart showing the upward sloping trendline and the support zone.

S&P 500 Index Daily 1-Year Chart

The chart pattern today (Monday, April 15) indicates caution but the intermediate trend is still up until there is a confirmed break below the intermediate trendline. This is near the support zone of 1530 to 1540.

There are three trends to consider for any index or stock: up, down or sideways. And there are three time frames to consider for a trend: near-term trend, intermediate trend and major trend.

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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.

© 2013 TradeOnline.ca

S&P 500 YTD sector performance relative to the index

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Notice the outperformance of the defensive sectors
S&P 500 sector performance relative to the index.

S&P 500 YTD Sector Performance Relative to the Index courtesy of StockCharts.com

The relative outperformance of the defensive sectors has a historical correlation with a market top.

Reference my last chart analysis for the S&P 500 Index.

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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.

© 2013 TradeOnline.ca

U.S. Commodity Groups YTD Performance

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Not a good YTD performance for the major commodity groups
A bar chart showing the absolute performance of the major commodity groups.

US Commodity Groups YTD Absolute Performance courtesy of StockCharts.com

Not a good YTD performance for the major commodity groups and it is reflected in the dismal YTD performance of the the TSX Composite Index.

Reference my chart analysis for copper which is included the industrial metals group in the above bar chart.

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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.

© 2013 TradeOnline.ca

S&P 500 candlestick chart analysis

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S&P 500 is struggling to break the all-time high of 1565.15
S&P 500 one year chart showing the upward sloping trendlines and struggling to break resistance of 1565.

S&P 500 1-Year Daily Chart

Reference the last chart analysis for the S&P 500 posted on January 21, 2013.

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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.

© 2013 TradeOnline.ca

U.S. Treasury 10 Year Note chart analysis

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Intermediate uptrend with support at 1.900%
Intermediate uptrend for the U.S. Treasury 10 Year note with support at 1.90%

U.S.Treasury 10 Year Note 1-Year Chart courtesy of BigCharts.com

The U.S. Treasury 10 Year Bond is one of the four asset classes that I monitor which include stocks, bonds, commodities and currencies. The intermediate uptrend for the 10 year bond yield (bond price and yield have an inverse relationship – bond price drops then the yield rises) represents the increased movement of capital from the relative safety of this U.S. Treasury to stocks and to a lesser extent, commodities.

Reference the last chart analysis for the U.S. Treasury 10 Year Note

Relevant articles picked from the Web:

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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.

Intermediate uptrend continues for S&P 500 Index

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New support level of 1,470 for S&P 500
Chart analysis for the S&P 500 Index showing the intermediate uptrend and the new support level of 1,470. RSI and volume are the confirming the uptrend.

S&P 500 6-Month Daily Candlestick Chart

The trend, rsi and volume indicate the index has a chance at the all-time high of 1,565.15 reached on October 9, 2007. But the first test will be 1,500 which is a significant round number. On the reverse side, a break below support of 1,470 would be a strong indicator to liquidate long positions.

Reference the last chart analysis for S&P 500 posted January 4, 2013

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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 chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Russell 2000 ETF (IWM) long-term chart analysis

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Russell 2000 long-term uptrend and all-time high
Long-term chart analysis for the Russell 2000 Index on the logarithmic chart. The index and the associated iShares ETF (ticker:IWM) are trading at an all-time high.

Russell 2000 iShares ETF (IWM) Logarithmic Chart

The Russell 2000 Small Cap Index and the ETF proxy iShares Russell 2000 ETF (ticker:IWM) are trading at an all-time high with a long-term uptrend. The fact that smaller capitalization stocks are leading the markets higher is a good sign for the continuation of the uptrend in the overall U.S. stock market. It is now trading around 16% above the November, 2012 low. The 15% to 20% intermediate gain for a stock or index is the critical range to monitor for topping patterns.

The large capitalization stocks represented by the S&P 500 Index and the SPDR® S&P 500® ETF (ticker:SPY) must now follow and breakout to new all-time highs. It is worth noting that the performance of both the Index and ETF have been skewed because of the relatively large weighting of Apple — 3.62% and 3.57%.

An educational link to review is Largest ETFs: Top 100 ETFs By Assets.

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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 chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

U.S. Treasury 10 Year Note chart analysis

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Near-term uptrend and a tentative close above resistance
Near-term uptrend for the U.S. Treasury 10 year note and a tentative close above resistance of 1.900%

U.S. Treasury 10 Year Note 1-Year chart

Reference the last chart analysis for the U.S. Treasury 10 Year Note.

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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 chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca