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Tag Archives: MACD
XME reaching resistance –what’s next?
Let’s try to spot the most recent trading pattern in XME. I noticed that XME is approaching the resistance of the down-sloping trending line on short term (daily) and longer term (weekly and monthly) charts. The daily chart of XME … Continue reading
Tom Bowley’s Market Chatter for December 10, 2012
Here’s a free preview of Tom Bowley’s daily market insights sent to our members each day at noon eastern. TECHNICAL ANALYSIS: PRICE/VOLUME COMBINATION: The battle rages on. The bulls aren’t giving in as they hold onto the gains they built … Continue reading
Dollar struggling at resistance
The weekly chart of UUP shows a lot of struggle since September 2008. After it peaked in September 2008, dollar initiated the long-term downtrend channel which still proves to be intact. The most recent rejection happened in July 2012. I … Continue reading
Is silver ready to re-test the highs?
The technical picture of SLV improved this month. SLV tested the support of SMA(200) on the daily chart on Nov 5th. Is the current attack on the resistance around $34 going to be the win for the bulls? SMA(200) is … Continue reading
Market and Elections
I would be very careful drawing any definite conclusions on how election results impact the market. Some market participants are repositioning their bets for sure but that process was already under way before elections. I would also be very careful … Continue reading
Market waiting for elections
Two weeks ago I looked into election pause in the market. MDY was trading in a triangle back then. What changed? Not much. MDY teased us last week with the peak above the triangle and the next day heavy volume … Continue reading
Do monthly charts matter?
I think so. There are just 3 trading days left this month, so let’s speculate a bit about the month end closings. I spent more time recently looking at charts of big tech companies. Many of them pulled back. What … Continue reading
Divergence or not?
AAPL at all time high! I am not going to argue with fundamentals. Look at the impressive monthly chart. The chart is currently in “a zoom to the Moon” price pattern. However this years’ monthly volume is not impressive. Is … Continue reading
Materials are struggling
While the major ETFs seem to be zooming upwards, the basic materials are struggling. I checked the charts of XLB and XME today. XLB 10 year monthly chart looks stronger than XME. It is attempting to move higher with MACD … Continue reading
Indicators beyond Charts
I like to look beyond technical analysis for trading signals. One that is quite reliable is an appearance of an article about the market or a stock in a daily paper (not a business one) – a contrarian indicator. USA … Continue reading
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