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Just how meaningful was today’s late vomiting action from the market? Technician Carl Swenlin pulls up the charts for each sector and puts it in perspective… Sector Check by Carl Swenlin The S&P 500 component stocks are divided into nine sectors. All the stocks are used, and each stock is only used once. Those sector […]
Stock market technician Carl Swenlin looks at the Rydex Ratio today – an indicator screaming out that it’s been a LONG time since sentiment was this bullish. Rydex Ratio Reflects Very Bullish Sentiment by Carl Swenlin As prices soar, the Rydex Ratio reflects increasingly bullish sentiment. The chart shows that the Ratio has not reached […]
As the Dow hits a new time high, with the S&P 500 close behind, signs of an impending correction continue to pile up. While the market has continued to climb the “wall of worry” higher since March 2009, it’s worth remembering that markets do go down once in awhile as well. Today technician Carl Swenlin […]
Anecdotally you probably believe that this market is pretty overbought – here’s some convincing further evidence, presented by technician Carl Swenlin. It’s not a guarantee of price declines, but as Swenlin mention, it should be a reason to exercise caution on the long side of this market… Very Overbought Market by Carl Swenlin One of […]
Futures Indexes Versus ETFs by Carl Swenlin READER QUESTION: I am always curious why you elect to use a surrogate of a market to provide a technical analysis. The one I have a concern with is using UUP to analyze a H&S formation and mention violation of support. However, the actual dollar chart shows that […]
Equal-Weighted Beating Cap-Weighted by Carl Swenlin I have long been a cheerleader for equal weighted indexes versus cap-weighted ones, and now seems like a good time to demonstrate why. In a cap-weighted index stocks influence the price of the index based upon their market capitalization (price time number of shares). For example the top 50 […]
Gold Resuming Long-Term Up Trend? by Carl Swenlin On the weekly chart below, we can see that, after making a new, all-time high back in August of 2011, gold went into a correction/consolidation mode, ultimately forming a descending triangle. While this formation suggests lower prices (the flat line is the weakest), price broke up through […]
Lessons from the 1987 Crash by Carl Swenlin It has been 25 years since the 1987 Crash, and I thought it would be a good time review a few things that probably won’t be covered elsewhere in the media. I may have covered these issues in the past, but a refresher can’t hurt. (This is […]
by Carl Swenlin Decision Point publishes a daily Tracker report of our 152 Blue Chip list. This list is composed of the stocks in the S&P 100 Index, the Dow 65, and some large-cap Nasdaq stocks. We also track the Top 10 stocks in ths list, ranked by relative strength measured by Decision Point’s proprietary PMO […]
by Carl Swenlin On Thursday, ECB President Mario Draghi vowed to do “whatever it takes” to save the euro. This has so far sparked a two-day rally in the global markets led by Europe. In our opinion, what it will take is for people/governments to stop spending more than they make. This, of course, will […]
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