» Technical Analysis

Next Wednesday, May 1, begins a six-month period of unfavorable seasonality, of which we are commonly reminded by the saying “Sell in May and go away.” Research published by Yale Hirsch in the Trader’s Almanac shows that the market year is broken into two six-month seasonality p...

  “There are many different forms of technical analysis. A completed Elliott wave pattern supported by additional evidence allows for more confident forecasts and higher probability trades.” -Jeffrey Kennedy Trader and technical analyst Jeffrey Kennedy has more than 25 years of experie...

Nerves of steel will be required over the next couple of weeks as four market-moving aspects take control of the markets. Despite the shift from fiery Aries into earthy and stable Taurus by the Sun, Venus and Mars, fast and volatile moves in different directions are likely. I’ll show you the h...

The American Association of Individual Investors (AAII) polls its members on a weekly basis, asking if they are bullish, bearish, or neutral for the next six months. Results are collected on the aaii.com website, with a Wednesday cutoff and Thursday release. —————...

For the week ending April 5, 2013, the SPX was down 1.0%, the Russell small caps were down 3.0% and the COMP was down 1.9%. This week the model triggered short Russell small caps, Mid Cap 400 and the Nasdaq Composite. Large caps remain in a confluence zone though have begun testing price levels to ...

For the week ending March 29, 2013, the SPX was up 0.8%, the Russell small caps were up 0.6% and the COMP was up 0.7%. Though the S&P 500 has now closed at an all time high all indices remain flat and in a confluence zone per the model. Price may still push higher but there are some very clear ...

If you think gold bullion has been in a funk, it’s only down 16% since its record high in mid-2011, and hasn’t made a new low since 2012 in spite of its continuing struggles.   But take a look at the gold-mining stocks where the product is that same gold bullion. They have been in a serio...

Even though the Dow stands at all-time highs and the S&P 500 is within a few percent of its all-time highs, the S&P 100 remains 17% below its highs reached 13 years ago. Does it have to do with a 26-year resistance line?  I doubt that is the main reason Anyone have a good explanation why...

There are negative divergences on a lot of indicators we track (price makes a new high, but the indicators makes a lower high), but the advance-decline lines for breadth and volume are actually confirming the recent new price highs. This is reassuring but, it does not guarantee that even higher pri...

For the week ending March 15, 2013, the SPX was up 0.6%, the Russell small caps were up 1.1% and the COMP was up 0.2%. All indices remain flat and in a confluence zone with no clear trend. Though equity prices may push higher, the question of trend sustainability grows as momentum is weakening and ...

The $OEXA200R Monthly (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com used to find the “sweet spot” time period in the market when you have the best chance of making money. See Is This the Best Stock Market Indicator Eve...

For the week ending March 8, 2013, the SPX was up 2.2%, the Russell small caps were up 3.0% and the COMP was up 2.4%. All indices which had triggered short last week, were stopped out on Tuesday after stops were violated. The model has now entered a period of confluence with no trend yet determined...