The S&P 500 hit a new high this week, gaining 1.6%. Reviewing the Baseline Analytics Trend and Sentiment chart published in our public charts on Stockcharts.com, most technical indicators for this major index (and the...
Read MoreAn interesting pattern has emerged in the ratio of Small Cap stocks vs. Large Cap stocks. The Small Cap/Large Cap ratio is comprised of the Dow Jones US Small Cap Index divided by the Dow Jones Large Cap Index. In March 2006,...
Read MoreAlthough the major indices chalked-up a bounce last week, volume was tepid and the up/down profile as measured in RSI momentum struggled to make meaningful gains toward the “50-yard line.”The Nasdaq edged out SPX...
Read MoreTrading range with a potential upside bias is anticipated. Outperformance of the NASDAQ is a positive despite underperformance of financials. Dow Theory remains on a buy signal and major indice ETF’s (especially IWM...
Read MoreOur Market Tour on Stockcharts.com depicts bullish, bearish and neutral signals in green, red and black, respectively. Most signals today are green (bullish). Although the rally from the March lows has come a long way, we have...
Read MoreMarket Position: Neutral-Bearish Tuesday’s modest recovery (on light volume) from Monday’s sell-off suggest either a pause in the correction (with more to follow) or the completion of a minor...
Read MoreCurrent Position: Neutral-Bearish Click here for current market tour on Stockcharts.com We believe that further gains are limited at this point. Some decent basing patterns are appearing in IBD 100 stocks, however we feel that...
Read MoreMarket Position: Neutral-Bearish Click here for the current Market Tour on Stockcharts.com A pause in the rally is expected; SPX target is 940-960 (close 987), Nasdaq target is 1900-1940 (close 1979), for a 4-5% correction. Bear...
Read MoreShort-term: Neutral Click here for Market Tour SPX formed a hanging man at its high today as it works through a sideways consolidation. Advance-Decline data has weakened (for both SPX and Nasdaq) but remain positive. A firming...
Read MoreMarket Position: Short-term: Neutral Medium Term: Bullish Long Term: Bearish Baseline Analytics Market Tour on Stockcharts.com SPX remains firmly bullish as RSI breaks into overbought levels above 70 (where it can remain while...
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