5 CHARTS REVEALING THE HOW AND WHY OF A RALLY TO NEW HIGHS INTO YEAR END
Aug30

5 CHARTS REVEALING THE HOW AND WHY OF A RALLY TO NEW HIGHS INTO YEAR END

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4 CHARTS DEMONSTRATING BOTH DESPONDENCY AND HOPE FOR THE WEEK AHEAD
Aug22

4 CHARTS DEMONSTRATING BOTH DESPONDENCY AND HOPE FOR THE WEEK AHEAD

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5 CHARTS THAT WILL ASSUAGE YOUR MARKET FEARS
Aug15

5 CHARTS THAT WILL ASSUAGE YOUR MARKET FEARS

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5 CHARTS DEMONSTRATING A MARKET THAT IS GETTING READY TO RIP DURING THE SECOND HALF OF THE YEAR
Jun21
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4 CHARTS DEMONSTRATING A MARKET WITH AN EXPERTISE IN DISORDER
Feb04

4 CHARTS DEMONSTRATING A MARKET WITH AN EXPERTISE IN DISORDER

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5 CHARTS SHOWING WHY A SYMMETRICAL MARKET IS A HEALTHY MARKET
Dec13

5 CHARTS SHOWING WHY A SYMMETRICAL MARKET IS A HEALTHY MARKET

The following charts demonstrate how symmetrical this market remains. A symmetrical market is generally a healthy market. It is only when symmetry begins to break down and chaotic price movement becomes the norm that significant reversals take place. click chart to...

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4 CHARTS THAT WILL RESCUE YOU FROM THE JAWS OF MEDIOCRITY IN THE WEEK AHEAD
Oct06
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4 CHARTS THAT WILL MAKE YOU COMFORTABLE WITH CHAOS FOR THE WEEK AHEAD
Jul27

4 CHARTS THAT WILL MAKE YOU COMFORTABLE WITH CHAOS FOR THE WEEK AHEAD

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6 CHARTS DEMONSTRATING INVESTOR PERSUASION AND DISSUASION FOR THE WEEKS AHEAD
Jul13
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THE CURRENT STATE OF THE MARKETS: WHAT HAPPENS ON WALL STREET STAYS ON WALL STREET
May25

THE CURRENT STATE OF THE MARKETS: WHAT HAPPENS ON WALL STREET STAYS ON WALL STREET

In the May 11th edition of "Current State," the conclusion after various points of analysis was that the markets were poised to break higher after digesting the breakdown in key growth names in a graceful and elegant manner. With last week's close at record highs for the S&P 500, the market is slowly revealing its hand to a mostly unconvinced constituency that is more concerned with harboring psychological scars of the past than profiting aptly from the present embodiment of a bull market. This fact is revealed in both the volume and tedious nature of the price action. There is by no means a rush for entry back into the markets by those who feel that equities contain a disproportionate degree of reward from this point forward. In fact, it has been a hallmark of the current bull market to tiptoe to the upside in a manner that has caused concern since the very beginnings of this bull market in 2009. The tiptoeing nature of this bull market continues to cause confusion for investors who have been brought up in the school of violent moves to the upside coming about on above average volume. A trait of the markets that was left behind in the 90s alongside Pets.com, CMGI and Iomega. The modern day secular bull market is built on such a wide array of available options for equity exposure that it would be foolish to think that volume would be able to be interpreted as it was in the past. Additionally, there is a chronic absence of conviction among market participants that shows up in both volume and price action. Let's start by looking at a weekly chart of the Dow, which is setting up as powerful a pattern below a critical area of resistance as can be found: What is important to note about the weekly Dow chart above are two things in particular: 1. The extremely tight nature of the consolidation above the previous short-term highs from the middle of last year. 2. The extremely tight nature of the consolidation below the extremely important generational trajectory that has its origins at the 99-00 bull market high. The fact that the Dow has chosen to put together one of its tightest shows of consolidation in recent memory below a generational trajectory is extremely bullish. It tells of a market that may actually run from here further than any of us expect. Moving onto technology next. According to the Nasdaq Composite, the downtrend that has plagued the market since March is now officially over. The obvious target for the Nasdaq is the old highs right around 4370.  The...

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