Author Archive for kimblechartingsolutions

Bank Index Breakout? Stock Market Bulls Sure Hope So

Courtesy of Chris Kimble

One of the most important sectors of the stock market is the banking industry and bank stocks.

When the banks are healthy, the economy is likely doing well. And when bank stocks are participating in a market rally, then it bodes well for the broader stock market.

In today’s chart, we look at the Bank Index (BKX).

As you can see, the banks have been in a falling channel for the past 20 months. As well, the banks have been lagging the broader market during this time as well – see the Ratio in the bottom half of the chart above.

That said, the Bank Index has put together a short-term rally that is threatening to break out of these falling trend channels.

If dual breakouts take place, a strong bullish message would be sent to the banking sector, as well as the broader market!

This article was first written for See It Markets.com. To see original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





High Times Going To Return For Pot Stocks?

Courtesy of Chris Kimble

High times for pot stocks do not come to mind when looking at this 6-pack!

On average, these stocks have declined nearly 50% since recent highs.

Are pot stocks about to experience “High Times” again?

The large declines since recent highs has each of these stocks testing support at each (1).

If the pot stocks are to move higher, these key support lines need to hold.

Out of these six stocks, ABBV is reflecting relative strength to the others, as it has been moving higher off support the past 60-days.

To become a member of Kimble Charting Solutions, click here.





Banks Should Send Critical Message To Stocks This Week!

Courtesy of Chris Kimble

Bank earnings could go a long way to impacting the broad market in a big way this week. Wells Fargo, Goldman Sachs, Bank Of America, JP Morgan, Morgan Stanley all announce earning the next couple of days.

As these earning announcements are to take place, the Bank Index (BKX) finds itself facing a key breakout test.

The index remains inside of bullish rising channel (1), as it has created a series of higher lows and higher highs over the past 8-years.

The index has little to brag about over the past 20-months, as it has created a series of lower highs and lower lows inside of falling channel (2). This bearish divergence with the broad market sends a concerning message to the overall market.

The index currently finds itself in a tight jam between 8-year rising support and a 20-month falling resistance at (3).

If banks would succeed in breaking out at (3), they would send a quality to this lagging sector and the broad markets.

What banks do at (3), will send an important message to this key sector and the broad market over the next few weeks!

The ole saying “So Goes The Banks, So Goes The Broad Markets” looks to be in play at this time!

To become a member of Kimble Charting Solutions, click here.





New Gold Bull Market? Not Until This Happens!

Courtesy of Chris Kimble

After a big summer rally, Gold peaked out at $1566/oz in September.

Since then, Gold prices have been consolidating between $1475 and $1550.

So what’s happening here? Enter the Swiss Franc currency…

In today’s chart, we look at a key indicator (and correlation) for Gold. As you can see, the Swiss Franc has an uncanny resemblance to Gold.

Both Gold and the Franc are testing heavy resistance at the same time.

Until both breakout at (2), odds are low that a new Gold bull market emerges with another big rally leg higher.

Looking back, it wasn’t until both Gold and the France broke out above price resistance at each (1) that a new Gold bull market emerged. Can it happen again? Stay tuned!

This article was first written for See It Markets.com. To see original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Semiconductors About To Send Strong Bullish Message To Stocks?

Courtesy of Chris Kimble

Sir John Templeton used to say that the four most dangerous words in investing are; “It’s Different This Time.”

Investors might want to keep a close eye on this ratio to see if the results will be different this time!

This chart looks at the Semiconductor/S&P 500 ratio (SMH/SPX) over the past 5-years.

The ratio traded sideways for nearly two years (2014-2016) before breaking out at (1). When the ratio broke out in 2016, the S&P 500 soon experienced a strong rally.

Turning the page to current conditions, the ratio has traded sideways again for nearly the past two years as it tests the top of the range at (2).

Stock bulls would love to see a breakout at (2). Bulls would receive negative news if the ratio happens to peak again at the top of this range.

If the ratio would succeed in breaking above the top of the range/resistance, will the results be different this time?

What this ratio does from now till year-end, should send an important message to the broad markets!

To become a member of Kimble Charting Solutions, click here.





New York Stock Exchange Ready To Send An Important Message To S&P 500?

Courtesy of Chris Kimble

Is the New York Stock Exchange Index (NYSE) about to send the S&P 500 a fresh bearish message? Possible!

The NYSE index has been much weaker than the S&P 500 for the past couple of years (see lower right ratio chart).

The NYSE index actually peaked in January of 2018 at (1) and has created a series of lower highs inside of this falling channel.

When it broke support at (2), it and the broad markets sold off hard.

The index is currently testing a key support level at (3) while remaining inside of the falling channel.

What this broad index does at this key test of support, will send an important message to the broad markets heading into year-end.

To become a member of Kimble Charting Solutions, click here.





Transports Going To Send First Bearish Message In 10-Years?

Courtesy of Chris Kimble

Transports have been flying high for nearly a decade. Is this trend about to end?

This chart looks at the Dow Jones Transportation Index over the past 14 years. Since the summer of 2009, they have been creating a series of higher highs along line (2).

Over the past year, they have created a series of lower highs, just below line (1). These two lines are forming a narrowing pennant pattern that has to end.

The weakness of late has Transports testing 10-year rising support at (3) this week.

Until broken, this is a strong support line for this key sector.

If the support line would break at (3), Transports would send a concerning message to the broad markets.

Keep a close eye on what this important sector does in the next few weeks,

To become a member of Kimble Charting Solutions, click here.





Will Momentum Divergence Produce Another Bear Market For Stocks?

Courtesy of Chris Kimble

Stock market deja vu?

One key stock market indicator is sending a cautionary message to investors right now… one that we saw back in 2000 and 2007.

In today’s chart, we take a long-term look at the S&P 500 Index versus its relative momentum.

As you can see, momentum has been slowing for the past couple of years producing lower highs. At the same time, the S&P 500 is making new highs – see each point (1).

This is a classic bearish market divergence.

Momentum divergences are difficult to time but important to be aware of.

Why? One reason is that similar momentum divergences produced the 2000 and 2007 highs and bear markets that followed.

From a technical perspective, stock bulls will go from “aware” to concerned if price support breaks at (2). Stay tuned!

This article was first written for See It Market. To see the original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Gold Miners Topping Pattern Looks To Be Breaking Support

Courtesy of Chris Kimble

This chart of Senior Gold Miners (GDX) from Marketsmith.com reflects it could be forming a “Head & Shoulders” topping pattern over the past couple of months.

This pattern could be about to send Gold Miners a rather bearish message. What would it take for this to happen?

The first step would be a break of steep rising support at (1), which so far looks to be taking place.

The next step to confirm a bearish pattern was in the making would be a break of “neckline” support, which is being tested this week at (1).

What GDX does this week at the neckline will go a long way it proving if an important topping pattern is in play.

To become a member of Kimble Charting Solutions, click here.





Commodity Deflation About To Pick Up Speed?

Courtesy of Chris Kimble

Commodities such as Gold, Silver, Natural Gas, and Crude oil have been rallying since early August.

Though this overall asset class has been mixed (see the grains), it has been enough to produce a rally on the TR Equal Weight Commodity Index.

In today’s chart, we look at the big picture for commodities.

The chart below is a long-term “monthly” chart. As you can see, the commodity index has been in a multi-year downtrend with each rally being rejected at downtrend resistance (1).

The latest rally has the index testing this downtrend line once again.

Are commodities about to create another lower peak at (2)?

Or will it be different this time? Stay tuned!

This article was first written for See It Markets.com. To see the original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





 
 
 

Phil's Favorites

Facebook's Libra cryptocurrency can still take off and revolutionise money

 

Facebook's Libra cryptocurrency can still take off and revolutionise money

Poring Studio / Shutterstock.com

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

Facebook’s Libra cryptocurrency has suffered a few setbacks recently. As well as facing ...



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Zero Hedge

Market Spooked By Upcoming "Bad Cop" Pence China Speech

Courtesy of ZeroHedge View original post here.

At roughly the same time that today's Boeing news hit, revealing that instant messages by Boeing employees in 2016 indicated employees misled the FAA about a key safety system on the 737 Max sending both BA stock and the broader market sharply lower as the biggest Dow component tumbled, a second report also hit which added to the risk-off sentiment.

At 12:20pm, Reuters reported that Vice President Mike Pence planned to deliver his second major policy speech on China next Thursday.

...



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Chart School

Gold Stocks Review

Courtesy of Read the Ticker

Gold stocks are swinging back forth between the range, and a break out swing higher is due. Gold stocks are holding a near perfect Wyckoff accumulation pattern. All should get ready to play this sector. Yet we must recognize that gold stocks are a one of the most crazy rides at the stock market fair, so play very carefully.

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GDX PnF chart from within the video

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Important channels around the HUI.
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Insider Scoop

48 Biggest Movers From Yesterday

Courtesy of Benzinga

Gainers
  • Hepion Pharmaceuticals, Inc. (NASDAQ: HEPA) shares climbed 43.2% to close at $3.58 on Thursday after the company announced the publication of a research article, "A Pan-Cyclophilin Inhibitor, CRV431, Decreases Fibrosis and Tumor Development in Chronic Liver Disease Models," in the peer-reviewed Journal of Pharmacology and Experimental Therapeutics.
  • Synthesis Energy Systems, Inc. (NASDAQ: SES) rose 26.9% to close at $9.20 after surging 12.24% on Wednesday.
  • Assembly Biosciences, Inc...


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Kimble Charting Solutions

Bank Index Breakout? Stock Market Bulls Sure Hope So

Courtesy of Chris Kimble

One of the most important sectors of the stock market is the banking industry and bank stocks.

When the banks are healthy, the economy is likely doing well. And when bank stocks are participating in a market rally, then it bodes well for the broader stock market.

In today’s chart, we look at the Bank Index (BKX).

As you can see, the banks have been in a falling channel for the past 20 months. As well, the banks have been lagging the broader market during this time as well – see the Ratio in the bottom half of the chart above.

That said, th...



more from Kimble C.S.

The Technical Traders

Currencies Show A Shift to Safety And Maturity - What Does It Mean?

Courtesy of Technical Traders

Recent rotation in multiple foreign currencies hints at the fact that a new stage of the “Capital Shift” process is taking place and that skilled technical investors need to pay very close attention to how these currencies continue to react over the next 3 to 6+ months.  In the recent past, most of the world’s foreign currencies were declining in value while the US Dollar continued to strengthen.  In fact, we authored many research articles about these trends and how weakness in foreign currencies will drive new foreign investment into the US stock markets for two simple reasons; strength and security. 

Now that a few of the world’s most ...



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Digital Currencies

Zuck Delays Libra Launch Date Due To Issues "Sensitive To Society"

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. 

“Obviously we want to move forward at some point soon [and] not have this take many years to roll out,” he said. “But ...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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