Author: Robert Pal

Market position: Bullish SPX had butted up against resistance near 940 three times this year, finally breaking through on strong volume today. Market breadth and sector participation on the upside is strong. Dow Theory...

Baseline Analytics Market Tour on Stockcharts.com SPX broke through resistance near 950 today; next support near 925. Advance-Decline ratio for both NYSE and Nasdaq have weakened during the last few days; the rally may become a...

Market Position: Neutral-Bullish. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2738712 While we cannot ignore the strong price action as the market breaks to the upside, we cannot ignore technical signals that...

Market Position: Bullish http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2738712 Subtle signs of an oversold market and potential turnaround, as noted in this blog this week, manifested themselves into a...

Market position: Neutral. The subtle signs of an oversold market which were referred to last time, have enabled a change in the current downtrend from a possible significant correction (i.e. SPX to 800-840) to a minor...

Note the chart below showing the relative performance of the Taiwan ETF (iShares) vs. EPP (MSCI Pacific ex-Japan), as well as the SMH vs. SPX.Taiwan is comprised of a relatively large market cap of semiconductor shares.Recent...

Although the US Dollar has firmed recently, we believe it is in a Wave 4 of a 5-wave downleg. Once completed, we expect the dollar to uptrend with a target in the mid-upper 80’s (Friday’s close was...

Dow Theory looks for consistent price behavior in the Dow Jones Industrial Average and the Dow Jones Transportation Average. One should confirm the other (i.e. if the DJI hits a new high, the DJT is expected to follow closely)....

  Summary: Neutral-Bearish http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2738712 Subtle signs of an oversold market have emerged as the major indices continue to trend lower. Much attention has focused on head...