The S&P 500 fell nearly 7% from its all-time high at the beginning of August. Since then, the index has been chopping sideways as market participants anxiously try to figure out which direction this consolidation will resolve. In environments like this, it can be helpful to analyze market internals, like breadth, to gauge the overall […]
“Gold”-ilocks and the Three…Bulls?
The “bugs” are getting giddy. Could an 8-year drought in returns for Precious Metals finally be coming to an end? There is no definitive move yet, but many seem to be quite anxious about the recent moves we have seen in both the metals themselves and their mining counterparts. The most popular chart that we […]
The Power of Cash and Inaction
At The Chart Report we pride ourselves on covering the most robust trends in asset classes around the globe. However, something we don’t discuss too often is trendless markets, like the ones major US and World Equity Indices have been stuck in for over 16-months. This rangebound action is illustrated well by the MSCI All-Country […]
Is this the Top for Tech?
Two renowned Technicians made television appearances last week and warned about the bearish signals they were observing in the Technology Sector. After just a few trading days they’ve been proven right as the Technology SPDR ETF, $XLK is down almost 4% in the past three sessions. This call is no longer immediately actionable due to […]
“The Predictive Value of Technical Analysis”
Yesterday, David Keller answered a great question from his mailbag: “What predictive power does technical analysis really have? Sometimes the signals are just plain wrong.” I think David answers this in a very eloquent, but practical way. As we know, nothing in investing/trading is “perfect”. But in the long run, it is about probabilities. And […]
