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Chart In Focus

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March 26, 2020

QE is Bullish for Stocks, Bearish for Bonds

The Federal Reserve invented “quantitative easing”, or QE, back in 2009, as a way to try to stimulate the economy out of the damage of the 2008 financial crisis.  It worked!  Or perhaps I should say, it worked at lifting up the stock market.  Its effect on the actual economy is still open for debate.  When I say that QE1 worked for the stock market, I should clarify by saying that it worked right up until the Fed stopped doing it.  Once they turned off the spigot, liquidity dried up, and we got the May 6-7, 2010 “Flash Crash”.  Eventually the… more

 

Past Charts in Focus

Mar 19, 2020

small chart Stock Market Showing Another Example of “Rogue Wave” Behavior

Mar 12, 2020

small chart Gold Moving Lower Despite Covid-19

Mar 05, 2020

small chart VIX Rise Overdone, But Part of Enduring Trend

Feb 28, 2020

small chart Fed Pulling Back from Repos at The Wrong Time
 

Feb 20, 2020

small chart It Takes 15 Months for Yield Curve Inversion To Be Felt

Feb 13, 2020

small chart Crude Oil’s Drop Was Foretold by Gold

Feb 06, 2020

small chart Choppy or Simple Structures in McClellan Oscillator

Jan 31, 2020

small chart How are Stocks Going Up While Earnings Go Down?
 

Jan 23, 2020

small chart Small Cap Underperformance Is Not Over

Jan 16, 2020

small chart SPY Number of Shares Outstanding Continuing to Rise

Jan 09, 2020

small chart VIX Is Not Confirming Higher Prices

Jan 03, 2020

small chart Fed Funds COT Leading Indication
 

Dec 27, 2019

small chart Gold COT Data Call for More of a Drop

Dec 13, 2019

small chart Big Rise Coming in Food Prices

Dec 06, 2019

small chart Presidential Cycle Pattern and an Election Year

Nov 27, 2019

small chart Nasdaq A-D Line Lagging, Does Not Matter
 

Nov 22, 2019

small chart Squeeze Is Building in Industrial Metals

Nov 15, 2019

small chart EMA or SMA: Which is Better?

Nov 08, 2019

small chart Treasury Department Is Not Biting Too Hard

Oct 31, 2019

small chart EEM Leading The Way Higher
 

Oct 24, 2019

small chart Volumetility

Oct 17, 2019

small chart Eurodollar COT Model Calls For Continued Rates Drop

Oct 10, 2019

small chart Seasonal Inflection Point Has Moved Earlier

Oct 03, 2019

small chart AAII Survey Shows Sentiment Washout
 

Sep 19, 2019

small chart Yield Curve and Small Caps

Sep 12, 2019

small chart Trump Thinks He Wants Low Rates Like Europe, But Be Careful What You Ask For

Sep 05, 2019

small chart Bond Yields Stretched Far From Oil’s Message

Aug 30, 2019

small chart Crude Oil’s 10-Year Message
 

Aug 22, 2019

small chart Inverted Yield Curve, and Small Caps

Aug 15, 2019

small chart Equity Put/Call Volume Ratio’s 21-Day MA

Aug 07, 2019

small chart When the Flight To Quality Goes Too Far

Aug 01, 2019

small chart Quiet McClellan Oscillator is a Tell For a Top
 

Jul 25, 2019

small chart Fed Needs a Half Point Cut Now, and More Soon

Jul 18, 2019

small chart QQQ Volume Showing Us Sign of a Top

Jul 10, 2019

small chart Upturn Ahead for T-Bond Yields

Jun 27, 2019

small chart Gold’s Dollar-Price Breakout Started With A Yuan-Priced Breakout
 

Jun 20, 2019

small chart High Grade Bond Summation Index

Jun 13, 2019

small chart When Underperformance Reaches An Extreme

Jun 06, 2019

small chart High Yield Bonds Back to Bullish Mode

May 30, 2019

small chart Fosback Absolute Breadth, An Old Indicator That is Still Useful
 

May 23, 2019

small chart Baltic Dry Index Leads Stock Prices

May 16, 2019

small chart On the Fickle Correlation Between Stocks and Oil Prices

May 09, 2019

small chart JOLTS Data Stumble, but A-D Line Says Don’t Worry

May 03, 2019

small chart A New VIX Indicator (That’s Really Not All That New)
 

Apr 25, 2019

small chart Lofty RASI Says Uptrend Is Not Done Yet

Apr 17, 2019

small chart Lumber Gets Its Mojo Back

Apr 12, 2019

small chart 2-Year Yield and Fed Funds Finally in Balance

Apr 05, 2019

small chart VIX Futures Open Interest
 

Mar 28, 2019

small chart Bond CEF A-D Line Showing Big Strength

Mar 22, 2019

small chart How Lumber Lost Its Mojo as Economic Indicator

Mar 14, 2019

small chart Price = Sentiment

Mar 08, 2019

small chart Yield Curve Really Does Matter for Unemployment
 

Even More Past Charts