Chart 1 – Broad Market… Even though some are still calling for a correction, what we’re seeing with breadth in all timeframes is that the recent move up in the S&P 500 is legit, as breadth has also improved. What this means is that the entire broad market is getting a bid, rather than just tech stocks. This is one … Read More
Charts Charts Charts (Issue #81)
Charts 1 to 4 – Broad Market… One can look at this and say, “Wow, so impressive!”… In reality, the S&P 500 hasn’t done jack the past 6 years relative to real value… Who knows, breadth also seems terrible when we look at the S&P 500 Equal Weight relative to S&P 500… With my own set of indicators, we can … Read More
Charts Charts Charts (Issue #68)
Charts 1 and 2 – Broad Market Stuff… Below the chart of S&P 500, we can see that the number of stocks above the 20, 50, and 200 moving averages (breadth) has been declining, while the price of the S&P 500 has closed higher. What does this mean? As the S&P 500 continues to get bid up higher, there are … Read More
Charts Charts Charts (Issue #44)
Wedding was great. Saw God’s glory and love displayed in such a beautiful way. We didn’t get to go on our honeymoon because Steph got sick, but I’m honestly very excited to get back to markets and charting and write for y’all again 😅 Before we get into any charts, I want to share a few chapters of a book … Read More