We have two quick updates on the S&P 500 and NASDAQ Composite indices today. Both are sending encouraging signals on their point and figure charts. They seem to be setting up for one of two potential patterns: the bullish catapult or the shakeout. Both the bullish catapult and shakeout are very bullish patterns. Of course,… [Read More] Point and Figure Update: March 23, 2015
Stock Market Comments
In addition to flipping out about interest rates that have not even moved yet, the US dollar continues to strengthen. This is primarily because around the globe, folks are realizing the banks in Europe are essentially paralyzed. There are worries the “quantitative easing” program begun in Europe (only yesterday!) may not be enough. [Read More] The Stock Market Can Be Like A Moody Teenager
Last week, it was announced Apple will be added to the Dow Jones Industrial Average on March 19th. Since the Dow Jones holds just 30 stocks, one has to go. AT&T is being dropped on that day. [Read More] Apple Getting Added to the Dow Jones Industrial Average
Market Commentary March 5, 2015: NASDAQ closed above 5000. This last happened 15 years ago. Also, Yellen hopes to avoid upsetting markets when rates rise. [Read More] Market Commentary March 5, 2015
In early 2015, we see the Federal Reserve preparing to raise interest rates. Well, they are trying to prepare Wall Street for the “raising of the rates.” Quick story: When the kids were very young, one of our lads in particular would repeatedly fly into an epic meltdown when we announced it was “time to… [Read More] Federal Reserve Preparing to Raise Interest Rates
The Crude Oil chart over the past six months (since August 2014) has been in a free fall. The question now, is the crude oil chart merely glancing off the third floor awning (on the way to a splat on the sidewalk)? Or is crude oil forming a base that might become a new floor? [Read More] Crude Oil Chart February 2015: which way?