Chinese technology stocks had a rough year in 2018. The KraneShares China Internet ETF, KWEB fell 33% after a stellar year in 2017 where the ETF returned nearly 70%. The index hit a 52-week low on January 3rd of the new year but since then has rallied over 15%. Many chart watchers think the bottom […]
Patrick Dunuwila
Patrick Dunuwila is Editor and co-founder of The Chart Report. His passion for trading began in 2007 when he bought Apple's stock at $17 and realized the potential of the financial markets. Patrick first became interested in financial media as an intern at StockTwits, a social network for traders and investors. He remains an active member on StockTwits as well as Twitter where he enjoys sharing his trade ideas and thoughts on the markets. He studied economics at Drexel University before beginning his career at Benchmarq Trading Partners, a proprietary trading firm based in New York City. Prior to The Chart Report, Patrick worked under J.C. Parets, at All Star Charts where he assisted in selling technical analysis research to institutional investors. The 26 year-old Syracuse, NY native currently resides in Manhattan where he is pursuing his Chartered Market Technician (CMT) designation.
The Three Charts Louise Yamada is Watching
Louise Yamada is a legendary technician with nearly four decades of experience navigating markets. She was head of technical research at Smith Barney before starting her own shop, Louise Yamada Technical Research Advisors, LLC. Her work is highly respected among institutional investors and she’s often featured in various financial media outlets. Yesterday Louise made an […]
Bad Breadth for the S&P 500 Industry Groups?
The S&P 500 index closed yesterday at a stalemate between the bulls and bears with the index closing +11% from the 2018 lows but -11% from the 2018 highs. Analysts have been watching market internals like breadth and sentiment lately for clues as to where the market might be heading in the near-term. Bespoke Investment […]
Chris Kimble on a Potential Breakout in Gold
Recent volatility in stocks and currencies have given safe-haven assets like precious metals a bid. Gold is up nearly 10% since stocks topped out in October 2018. Currently, both Gold and Silver are testing long-term resistance and could be about to break out of a multi-year downtrend that began when Gold peaked back in 2011. […]
Trouble Ahead for Financials?
The Financial sector is the third largest sector in the S&P 500 and its components are vital to the health of the US economy. Lately, there have been some top technical analysts warning about the bearish charts within the Financials. JC Parets is a CMT and founder of All Star Charts, a technical analysis research […]