Category Archives: U.S. Indexes

Technical analysis of the S&P 500 Index

Critical support level for the S&P Index at 1,100

S&P Index candlestick chart with support levels and a downward trend in the RSI

S&P 500 Index Three-Year Candlestick Chart

The S&P 500 Index is in an intermediate downtrend: cash is still king.

Reference the last analysis of the S&P 500 Index which was a more positive chart.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

© 2011 TradeOnline.ca

US Bond 10 year yield chart

Has the 10 year yield hit bottom at 1.800%
US 10 year treasury not yield candlestick chart with RSI

US 10 Year Treasury Note Yield

Reference the last chart for the 10 year treasury note.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

© 2011 TradeOnline.ca

US Bond 10 year yield candlestick chart

Record low: Not a good omen for the near-term trend in equities
Candlestick chart showing the yield for the 10 year US Government Bond at a low of 1.915%

US Government Bond 10 Year Yield Weekly Candlestick Chart

The 10-year Treasury bond is one of the most widely watched securities as it sets the benchmark for almost every other interest rate in the U.S. economy, from the cost of financing corporate debt and mortgages to credit card balances.

This chart does not show any confidence in the near-term growth prospects for the US economy. Nor does it show any confidence in the ability or will of the EEC to solve the Greek debt crisis.

Read this story in the September 12, 2011 edition of the Financial Post:Treasury 10-year yield falls to record low on Europe debt crisis

View my candlestick chart analysis on the downside risk for the TSX Index.

Read this story in the September 16, 2011 edition of the Financial Post: Reading the U.S. treasury yield signs

What do you think of this story from Bloomberg News? S&P 500 may plunge 21%: Technical analyst. You can review my post from June 25, 2011: Can the S&P 500 Index hold the 200-day moving average?

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

© 2011 TradeOnline.ca

Can the NASDAQ Index break 2,880?

Candlestick chart shows the near-term uptrend

Candlestick chart analysis for the NASDAQ index showing the major trend, the intermediate trend and the near-term trend.

NASDAQ Three-Year Weekly Candlestick Chart

The NASDAQ is still in a good position for another test of major resistance at 2,880. There needs to be an increase in volume and a convincing two-day close of around 2,940. This would indicate an intermediate target of 3,160.

Reference the previous candlestick chart for the NASDAQ

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

Technical Analysis: NASDAQ candlestick chart

Bullish shaven head candlestick: A 6.1% move the week of June 27

Candlestick chart for the NASDAQ index showing the bullish shaven head candlestick chart and major support level

Three-Year Weekly Candlestick Chart

A short-term bounce and back to a lateral trading range? Or the start of a new uptrend?

The tall bullish shaven head candlestick is a graphical representation of the major move of 6.1% for the week of  June 27, 2011: it doesn’t get much better than this for a weekly gain in a major index.  The NASDAQ is in a good position for a test of major resistance of  2,880.  A convincing two-day close of around 2,940, would indicate an intermediate target of 3,160.

Reference the previous candlestick chart for the NASDAQ

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

S&P 500 Index candlestick chart analysis

Bullish Engulfing Patterns: Size Counts

Three-year candlestick chart analysis for the S&P 500 Index based on the weekly chart and showing bullish engulfing candlestick patterns

S&P 500 Index Three-Year Weekly Candlestick Chart

There is a high probability that the  S&P 500 Index will test major resistance of 1,370 within the next two weeks. Using the 2% rule, a convincing close of 1,400 for two consecutive days would set-up the index for an upside target of 1,470.

A failed low-volume test of resistance would see the S&P 500 index move into a trading range of  1,350-1,250. And then we will be back to monitoring the major support level of 1,250.

 

Reference the previous analysis of the S&P 500 Index using candlesticks

S&P 500 Index technical analysis

Can the S&P 500 Index hold the 200-day moving average?

S&P500 Index candlestick chart analysis

S&P 500 Index Three-Year Weekly Chart

Key points from the above chart of the S&P 500 Index:

  • Intermediate trend is down.
  • Near-term trend is sideways.
  • Attempting to hold the 200-day moving average of  1,263.
  • The two spinning top candlesticks are neutral and represent the battle between the bulls and bears.
  • Major support is the March low of 1,250.
  • Major resistance is 1,370.
  • Resistance is 1,300 in the June lateral trading range.
  • RSI is confirming the downtrend.
  • RSI can identify divergence and gave a early warning that the May high would not hold.

Reference the previous analysis for the S&P 500 Index.

Visit BigCharts and complete your own analysis.

Wall St Week Ahead: Bulls ready to charge into wall of worry