In January I’ve analyzed government bonds and drew attention to the weakness and to several negative divergences on the momentum indicators. These signaled weaker bond prices and possible “RISK ON” rally for equities. http://techcharts.wordpress.com/2012/01/21/euro-bund-us-10-year-t-note/ This week bonds gave up and experienced a sharp “sell-off”. Of course the sell-off in bonds, buoyed by higher CPI data from U.S. due […]
Switzerland SMI index has been volatile due to euro zone debt problems. Until mid-2011 price action between 2010 and 2011 was more like a sideways consolidation. However, index broke down the strong support at 5,960 levels in July 2011. This triggered a sharp sell-off towards 4,600 levels. Recovery took 6 months and by the end of 2011 SMI was […]
Thanks to wordpress.com’s improved statistics page, I can now see the visitor’s country profiles. This helps me to diversify my analysis in order to create a larger community at Tech Charts. Tech Charts blog is having visitors from more than 20 different countries everyday. In today’s post I’m analyzing Poland’s WIG 20 index with my usual template (Weekly chart […]
U.S. unemployment rate is unchanged at 8.3%. Employers in the U.S. boosted payrolls more than forecast in February, capping the best six month streak of job growth since 2006. Some 1.2 million jobs were created in the last six months, the most since the same period ended May 2006. I’ve been updating the unemployment chart since August 2011 with the […]
I usually try to share daily & weekly price charts on this platform but today I wanted to post an interesting chart pattern Dow Jones Industrial Average might be forming on an hourly chart. When analyzing charts my main time frame is daily scale. I check weekly (one level higher) and 60 minute (one level […]
Rio Tinto Group is an multinational exploration, development, production and processing corporation with headquarters in London, United Kingdom. The company was founded in 1873. It is among the world leaders in the production of many commodities, including aluminium, iron ore, copper, uranium, coal, and diamonds.The company has operations on six continents but is mainly concentrated […]
VIX is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market’s expectation of stock market volatility over the next 30 day period. […]
In December 2011 and January 2012 I wrote about Soy Meal and the possibility of strong moves that could follow in Soy products. http://techcharts.wordpress.com/2012/01/24/soy-meal-2/ Soy Meal has been forming a perfect text-book long-term symmetrical triangle and in the past two months it has rebounded from the lower boundary of its long-term consolidation range. The rebound started from 270 […]
In the world of finance correlation is a statistical measure of how two securities move in relation to each other. Correlation is computed into what is known as the correlation coefficient, which ranges between -1 and +1. Perfect positive correlation (a correlation co-efficient of +1) implies that as one security moves, either up or down, […]
This currency has a special place for me. During my post-graduate studies in Canada, I used to follow it closely as I was converting U.S. dollars to Canadian dollars almost every month. When I decided to move to Canada in 2003 crossrate was at 1.4 levels. 1 USD used to buy 1.4 CAD. It has constantly moved […]
