For the first time in 2 years the SP500 Index has broke below the 40 week Moving Average. However a lot of work needs to be done to the downside before we will know if the start of a historic bear market is underway.
Click image to enlarge.
Tuesday, 14 October 2014
Tuesday 14October2014 - Another Look at the 14 Year SP500 Chart!
For the first time in 2 years the SP500 Index has broke below the 40 week Moving Average. However a lot of work needs to be done to the downside before we will know if the start of a historic bear market is underway.
Click image to enlarge.
For the first time in 2 years the SP500 Index has broke below the 40 week Moving Average. However a lot of work needs to be done to the downside before we will know if the start of a historic bear market is underway.
Click image to enlarge.
Tuesday 14October2014 - Canadian Financials and Energy Stocks Rolling Over!
From Danielle Park's web site.
As noted in the charts below, +60% of the TSX Index is currently made up of Financials and Energy. They have a long way to fall before they catch up with the already decimated Materials and Gold sectors.
Click images to enlarge.
From Danielle Park's web site.
As noted in the charts below, +60% of the TSX Index is currently made up of Financials and Energy. They have a long way to fall before they catch up with the already decimated Materials and Gold sectors.
Click images to enlarge.
Saturday, 11 October 2014
Saturday 11Oct2014 - Stock Markets Big Picture Chart!
Recent wide daily swings in stock market index prices are starting to raise concerns and opinions that perhaps a significant stock market correction is in the making.
Regular readers of my thoughts know that I pay a lot of attention to opinions expressed by Elliott Wave Financial Forecast, John Mauldin and Danielle Park. They all believe we are in a 15 - 20 year bear market in equities and that there will be one more major equity market crash to complete the cycle.
One long term chart I keep updated at stockcharts.com is displayed here. I use the SP500 as the major index to chart the 20 week and 40 week moving averages. Crossovers help identify when we are in bull and bear markets. The details are in the comments on the chart.
Click chart to enlarge.
Recent wide daily swings in stock market index prices are starting to raise concerns and opinions that perhaps a significant stock market correction is in the making.
Regular readers of my thoughts know that I pay a lot of attention to opinions expressed by Elliott Wave Financial Forecast, John Mauldin and Danielle Park. They all believe we are in a 15 - 20 year bear market in equities and that there will be one more major equity market crash to complete the cycle.
One long term chart I keep updated at stockcharts.com is displayed here. I use the SP500 as the major index to chart the 20 week and 40 week moving averages. Crossovers help identify when we are in bull and bear markets. The details are in the comments on the chart.
Click chart to enlarge.
Tuesday, 7 October 2014
Sunday, 5 October 2014
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