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Articles tagged as

support

Wednesday’s about-face looks serious and likely leads prices down to 3800 initiallyTreasury yields look to be rolling over and should continue down into JuneDJ Transportation Avg has broken down to new yearly lows https://vimeo. com/711384269 Wednesday’s decline was severe enough to suggest that a move...

DJ Transportation Avg. breaks yearly support

Both US Equities and Bitcoin near temporary Support

SPX and QQQ look to be nearing initial support after recent weakness.Some of this week’s biggest areas of weakness- Transports and Semiconductor issues, are now closing in on “Make-or-Break” support which looks likely to hold on this retest.Implied volatility looks attractive to own on a 2-3 month basis after its...

Intra-day reversal holds trendline support, for now

Technical Strategy Video: https://vimeo. com/664488793/e1f410ef88 While a short-term bottom could materialize for US equity indices this week, it’s right to expect further weakness into late January before any meaningful low is at handSector strength in Financials and Energy continues to hold markets up, creating a sloppier selloff than what...

  • Technical Strategy
June 12, 2020

Slide Does Technical Damage But Doesn’t End Rally Mode

Last week’s market drop-off did considerable technical damage to many charts BUT there are a few silver linings we would encourage investors to consider. The Standard & Poor’s (SPX), along with many stocks, notably cyclicals, were overbought at resistance heading into the beginning of this week. The SPX has pulled...