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Technical Analysis of Stock Trends | Archive | March
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Archive for March, 2017

What’s not happening in the market…

Posted on Mar 27, 2017 by .

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http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=1&mn=0&dy=0&id=p20970412253 Until last week we had seen 110 days where the S&P had not experienced a 1% move.  That’s what’s going on (or not going on) in the market.    What else is not going on is the folding of hedge funds.  Mindich tossing in the cards on a $15B hedge fund (Eton Park), returning […]

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Much Ado about Nothing…

Posted on Mar 13, 2017 by .

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133 points on this wave, which pretty much qualifies as nothing.  Though it’s better than a poke in the eye… as the saying goes.  We are still on the fence as to whether the formation hanging from this flag pole is a flag or not –; the flag pole is 194 points but the market […]

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Chicken Little, meet CAPE

Posted on Mar 05, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The musical score of this market is furnished by chickens clucking.  Incessantly.  The more the sky doesn’t fall the more insistent the clucking becomes.  The P/E ratio is too high.  Cluck cluck.  S&P P/E 26.75 at the moment, against an average of 15.64 (median 14.65, minimum 5.31, maximum 123.73).  A good time for a […]

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Holy Moly Batman. Market Rocket blasts off!

Posted on Mar 01, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Imagine waking up and discovering you are 1.3% richer in one day before breakfast.  303 points in the Dow, 32 points in the SPX — how much of this is due to Trump and how much to the technical structure of the market.  Of course there is no way to know definitively–that is the […]

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