Breakout Update- China, Small Caps
Back on February 17th, I wrote about the availability heuristic and breakouts that were happening in a number of index charts. As a review, if all you see are breakouts, I find it helpful to identify charts that look different...
The S&P 500 and Overbought Conditions
So I've seen and heard plenty recently about the SPX reaching severely overbought conditions. Here I'll introduce RSI and then discuss three simple questions... What does that mean? How important is it? What do we do about it?...
Not Quite Breakouts
Flipping through the charts this morning and noticing (once again) lots of "up and to the right" charts. When there are lots of similar charts, I like to look for the not-so-similar charts...
Stall Speed and the S&P
As a student pilot, one of the most challenging moments early on was getting comfortable with stalls. For those of you that are unfamiliar, a stall is when you basically create the conditions where your wings are unable to provide lift...
Dow 2017 vs. 1999
The Dow chart just looked familiar this morning. I had seen this before. Sure enough, it turns out there are some similarities to another Dow milestone, Dow 10,000 in 1999. Chart below, 1998-1999 on top and 2016-2017 on bottom...
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