Commodity Spotlight: United States Oil Fund $USO: At Multiple Resistance Level ~38.35 The United States Oil Fund ($USO) is currently hitting an area representing multiples…
Secular Stock Volume Decline Not Unprecedented
There has been a lot of focus and debate recently regarding the multi-year decline in volume in the U.S. equity market. One thing that we…
ChOTD-7/22/14 10 Year-2 Year Treasury Yield Spread @ 52-Week Low…But Well Above Inversion Danger Zone
We noticed much consternation yesterday regarding the new yearly low in the spread between 10-Year and 2-Year Treasury Yields. But while a flattening yield curve…
ChOTD-7/21/14 PIIGS Relative Strength In Jeopardy; Breakdown could be red flag
Our last post on the economically-challenged peripheral European countries, better known as the PIIGS (Portugal, Ireland, Italy, Greece and Spain) was on May 15. At…
ChOTD-7/18/14 High Yield:Treasury Bond Ratio @ New 52-Week Low
Many of the subjects of our ChOTD’s over the past several months have focused on the behind-the-scenes weakening of the high-risk, high-beta areas of the…
Currency Spotlight: CurrencyShares Euro $FXE: At Multiple Support Level ~133.30-60
The CurrencyShares Euro $FXE is currently testing multiple layers of support at the 133.30-133.60 range. Support layers include: 23.6% Fibonacci Retracement of the 2012-14 Rally…
ChOTD-7/17/14 Japan Nikkei 225: Head-And-Shoulder Forming @ Multi-Decade Down Trendline?
Today’s ChOTD looks at the Land of the Rising Sun, a.k.a., the Land of the Falling Trendline. On April 1, we noted the Nikkei 225…
Sector Spotlight: iShares Nasdaq Biotech $IBB-Preliminary Support @ 244-245
We’ve discussed biotechs a lot lately both here and in our newsletters. They remain a big focus for us as a possible canary, considering their…
ChOTD-7/16/14 Smart Money Index (First Hour/Last Hour Indicator): Trend Turning Similar To 2000, 2007?
Today’s ChOTD looks at an interesting indicator called the Smart Money Index (as coined by Jason Goepfert at Sentimentrader.com). The indicator tracks the timing of…
UPDATE (Mission Accomplished): Dubai Stock Mkt Post-Crash Bounce Reaches 61.8% Fibonacci Retracement (+28%)
On June 24, we posted a chart showing the Dubai Stock Market crashing. We also noted that it was approaching its first major support level around…