Smart Chart Investor

Beyond Buy and Hold: Using Technical Analysis to Reduce the Risk of Long-term Investing

Bull Trap or Just Bullish

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It sure looks like the S&P 500 Index is bottoming. Price has popped off rising support from the bottom in 2009 and is ripping higher. Is this the bottom or is it a trap? Check out this weeks video update below. Trade Smart, Don … [Read more...]

S&P 500 Index at Rising Primary Support

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We really have to look at the monthly chart of SPY to see the magnitude of the drop this month, er, three weeks. One more week to go yet. Price has gone from above the rising channel from 2009 to practically the bottom in very short order. S&P500 Index ETF (SPY) So far, the third worst December since 1900. Stunned is probably the best way to describe it. The selling is relentless. Just steady and heavy selling into any slight uptick. Not panic but a thick blanket of fear permeates the … [Read more...]

Truckers, You Are Not Down Yet

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I remember the first time I drove down into Denver on I70 from the west. It felt like it took forever to get down. And, it's steeeep. The warning signs are posted one after the other when you get down near Evergreen. "Truckers, You are not down yet", " Are your breaks adjusted and cool?", "Trucks, Don't be fooled 4 more miles of steep grade". That's what the market feels like. It ain't over yet. We aren't down yet. Don't be fooled. But, we might be close. Friday's close took the S&P 500 in … [Read more...]

Getting Out While the Getting is Good

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What a week. Holy Shit Batman keeps repeating in my head. Yep, this isn't your regular stuffed shirt stock research. I'm dead serious about what I do but if we can't have a little fun mixed in then count me out. OK, some serious stuff... Major stock indexes all over the world sold off, again, last week. Well, except Mexico (EWW). EWW is popping off long term rising support. Go figure. iShares MSCI Mexico Index Fund ETF (EWW) The S&P 500 Index ETF (SPY), the Nasdaq 100 (QQQ) and … [Read more...]

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