Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
The monthly charts all receive new prints since April ends yesterday. The SPX, Dow Industrials and Nasdaq all log another up month. The SPX is up for six consecutive months. The Dow is up for five months in a row. The RUT small caps, however, perform an about-face and print a negative month. Small caps typically lead the broad markets. The Trannies also print a negative month, another key leadership sector. The cross-currents and messy asset relationships, caused by the central banker interventions, continue. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Hi KS, I want to truly thank you for all this technically sound and usefull updates. I wanted to write this down cause lately (several weeks ago) I've noticed some Anons that mocked you and the other fellows round here. I've read one article soe time ago about the fact that near the end of bull markets all the technical analysis and technical indicators are not considered very seriously until the market cracks. And after that a great wave of interest for technical analysis appears. The maximum points of interest for technical analysis (number of persons trained in this area and interested followers) is reached at the end of bear market - it's good to know! I appreciate your dedicated work and I thank you for it and for your time.
V, everyone is cordial and all opinions are welcome bullish or bearish, so it is all good. The one troll that would not grow up was drop-kicked across the parking lot. That is interesting about TA. As markets print new highs the investment houses ask themselves, what do we need these guys for? Markets will go up forever so why look at charts? The markets are fascinating these days. This is uncharted waters since the central bankers keep pumping. Price discovery is all messed up, no one truly knows what anything is really worth due to the distortions caused by the CB's. Something should give at anytime.
Hi KS,
ReplyDeleteI want to truly thank you for all this technically sound and usefull updates.
I wanted to write this down cause lately (several weeks ago) I've noticed some Anons that mocked you and the other fellows round here. I've read one article soe time ago about the fact that near the end of bull markets all the technical analysis and technical indicators are not considered very seriously until the market cracks. And after that a great wave of interest for technical analysis appears. The maximum points of interest for technical analysis (number of persons trained in this area and interested followers) is reached at the end of bear market - it's good to know!
I appreciate your dedicated work and I thank you for it and for your time.
Thank you,
V.
V, everyone is cordial and all opinions are welcome bullish or bearish, so it is all good. The one troll that would not grow up was drop-kicked across the parking lot. That is interesting about TA. As markets print new highs the investment houses ask themselves, what do we need these guys for? Markets will go up forever so why look at charts? The markets are fascinating these days. This is uncharted waters since the central bankers keep pumping. Price discovery is all messed up, no one truly knows what anything is really worth due to the distortions caused by the CB's. Something should give at anytime.
ReplyDelete