Chart 4 Pack – US Markets At Key Junctures and a Sentiment Update
Chris Kimble, Founder of Kimble Charting Solutions is sharing with us another four charts this time focused on the NYSE and investor sentiment. All the charts are presented below in order of discussion.
Click here to visit the Kimble Charting Solutions website. Even if you are not a technical analyst Chris does a great job of outlining key charts and eliminating the noise. At the very least I suggest signing up for his free email list.
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NYSE Advance/Decline Line
Transports Weekly (IYT)
NYSE Monthly
Investor Sentiment 
Will GDX:NYA fill last week’s big gap?
http://schrts.co/vE7D18
Today’s action is not (yet) included in the following silver:gold chart but silver would still have the upper hand if it were…
http://schrts.co/UR4Soq
Silver bottomed in 2001 but bottomed versus gold in 2003. This time, we have a similar situation in which silver bottomed 3 years ago but recently made a new low versus gold.
http://schrts.co/SRmAqd
SLV would have to fall almost 3% to fill last week’s gap:
http://schrts.co/rRNvHU
I doubt that it will since silver’s gap is only 6 cents:
http://schrts.co/CuALZi
You can see that my expectation for the miners was hasty by a couple of days:
http://schrts.co/yqbbWa
IPT is having trouble at the 20 week MA but looks better than most peers:
http://schrts.co/BT5R1o
The following chart spans four Decembers. Notice that the current one is nothing like the last two but very similar to the one that preceded the great mining gains of 2016. As I’ve pointed out several times recently, the technical picture for the metals and miners is currently also similar to December, 2015.
https://kingworldnews.com/wp-content/uploads/2018/12/KWN-Boockvar-I-12132018.jpg
Thanks for having Chris on again. His charts would worry the hell out me if I had a lot of money in the gen’l stock market. Can’t say when some of the negative signs will mature into a reality but believe it will happen next year. Until the gen’l markets cave, there isn’t much reason for people to get out and/or look for alternatives. That reason will appear. Hope it’s isn’t too late for those who missed the signals Chris talks about.
Also appreciated listening to Ned again yesterday.
Gold gave up the 600 week MA but now has back-to-back weekly closes above the important 200 week MA as well as Stan’s 30 wMA. I am betting that it will take back the 600 next week after dipping further ahead of the Fed.
https://www.chartmill.com/documentation.php?a=1125&title=Weinstein%20stage%20analysis%20in%20chartmill
Another fake out by gold but doing okay. Gold will move back again but is in good shape. As mentioned, the first half of 2019 will be the optimum time to purchase the miners. Monday will probably be a bloodbath for the conventional markets. January to be ugly. We’re heading down to 22,000 on the Dow.
That’s only an 8% decline from todays close, nothing like the 80% decline during The Great Depression, but that was over three years from 1929 t0 1932. The system needs to fall a lot more to clean out the excesses of the last decade. DT
DITTO DT………..Market should have rolled over at 18,000
There are going to be a lot of people who are going to go belly up……..
Real estate is rolling over as we speak………..Flippers have flopped…….
Looks like stocks are going to fall into the Fed announcement next week…
http://schrts.co/HvK3d1