Market Indices Hold and Bounce Off Their 50 DMA's

Market Indices Hold and Bounce Off Their 50 DMA’s

The S&P 500 Index, the DJIA, and the NASDAQ Composite Index opened lower today touching their 50 day moving averages but have managed to recover nearly all of the gap. On the Russell 2000 Small-Cap Index, the intermediate term horizontal…

Euro ETF Base Breakout Could Reverse Long-Term Downtrend

Euro ETF Base Breakout Could Reverse Long-Term Downtrend

The CurrencyShares Euro Trust ETF FXE has underperformed the PowerShares DB US Dollar Bullish ETF UUP by 35% over the last three years, but that relationship has shifted and the euro fund is now up relative to the dollar fund…

The Technical State of the Major Market Indices

The Technical State of the Major Market Indices

The rising November rally trend lines on the Dow Jones Industrial average ($DJIA), the S&P 500 Index ($SPX), or the NASDAQ Composite Index charts have been broken with the indices closing near their lows of the Tuesday session, while the…

Three Big Reasons the Market is Down Today

CNBC’s Bob Pisani takes a look at the markets as they suffer the worst day so far in 2017:

Warning!! Volatility Storm on the Horizon

Warning!! Volatility Storm on the Horizon

The Volatility Index has been in hibernation for the past four months, languishing below the 13 level, as the S&P 500 index has been tracking higher and in rally mode. Conventional thinking would be that as the broader market moves…

Volatility Index Nearing a Cycle High

Volatility Index Nearing a Cycle High

The Volatility Index ($VIX) has reflected indifference rather than “fear” over the last four months, and it has remained under the 13 level since the beginning of the year. Bollinger bandwidth and average true range readings on the daily chart…

Transports Below the 50 Day Moving Average

Transports Below the 50 Day Moving Average

The Dow Jones Transportation Average Index ($TRAN) chart is overlaid with a raff regression channel. The channel width is based on the high or low that is the furthest from a linear regression, or best-fit-straight line, of price in the…

Checking Back In On Crude Oil and Exxon

Checking Back In On Crude Oil and Exxon

WTIC ($WTIC) took out the neckline of the inverse head and shoulders pattern on the weekly chart but has held for the moment in the small support area just above its 40 week (200 day) moving average. Exxon Mobil (XOM)…

A Look at the Indices and the VIX

A Look at the Indices and the VIX

The Russell 2000 Small-Cap Index (RUT) is lower for the sixth day in a row and has taken out multiple layers of support. It closed at 1360 and the next level of support is the 1348 channel bottom. The integrity…

Crude Oil Takes Out Key Support Level

Crude Oil Takes Out Key Support Level

The price of the Light Crude Oil – Continuous Contract (WTIC) spent most of last year consolidating in an inverse head and shoulders formation (with a complex right shoulder) under neckline resistance at the $51.00 level. It broke above that…