The Baltic Dry Index (BDI) makes for an interesting, but imperfect, leading indicator for the movements of stock prices. I don’t know exactly why this works, and why it occasionally stops working, but the relationship has…
Category:
Stocks
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When I look across the European banking sector, the charts are disturbingly weak. After Jay Powell’s presser, one of the things he mentioned was they had six banks they were watching. He did not mention…
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Racing ahead of the semiconductor pack, Nvidia (NVDA) appears to be edging toward the upper regions of a parabolic curve. What Does This Mean for NVDA Stock Price? It’s a sign of confidence coming off…
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Small-caps are leading the way lower and breadth indicators are showing some serious deterioration under the surface. Large-caps are holding up for now, but keep in mind that weakness in small-caps foreshadowed the January 2022…
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On this week’s edition of Stock Talk with Joe Rabil, Joe explains how to use the higher timeframe to help confirm a 1-2-3 change in trend on the lower timeframe. In many cases, the cross…
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With the recent crash of the Regional Banking ETF (KRE) some may wonder if there were adequate technical warnings ahead of the crash. Yes, there were. To clarify, we’re looking for reasons not to be…
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The Fed raised rates by 25 bps. The decision was unanimous. The terminal rate projection is unchanged at 5.1%. The FOMC statement modifies guidance: “The committee anticipates that some additional policy firming may be appropriate.” My…
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All trades, no matter how well thought out, have the potential to end in a loss. Therefore, we must manage our expectations and be willing to accept risk and fear as part of the trading…
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SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The market is a little messy, but I’ll do my best…
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The end is at hand. Bears, just surrender now. Since the mid-June low (where I called the S&P 500 bottom), we’ve seen the fed funds rate jump from 1.00% to 4.75%. Of course, all we’ve…