The stock market is doing its best to punch higher, but trouble is hitting the usually stable growth stocks today. GlaxoSmithKline’s report of a decline in profits, partly due to more intense competition from generic drugmakers, sent …
Those kinds of numbers strongly suggest higher stock prices are the greater probability. First the setup (divergences), then the big initial rally. Now the third factor must come into play: sustainability. This condition comes in 2 parts: The …
And yet, we have seen divergences before — specifically in the dreary days of 2009. But we’ve also, says Citi’s Robert Buckland, seen them rather earlier: . . . de-coupling between bond yields and stock prices is not unusual. In fact, a …
A bullish divergence between the gold-mining sector of the stock market, as represented by the HUI and ... higher low while the bullion market makes a lower low. However, bullish divergences often don’t happen around major price bottoms.
With the stock market hitting successive all-time highs ... Many bears are seeing disturbing signs of these early warning signals, sometimes referred to as divergences. Fari Hamzei, founder of Hamzei Analytics, said in an email that he …
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So, how can we tell when Wall Street is climbing the wall of worry and not simply just climbing? We like to watch the Volatility S&P 500 (VIX) — also known as the “fear index” — for bearish divergences. The VIX is a market sentiment …
Welles Wilder and introduced in his 1978 book, New Concepts in Technical Trading Systems, the Relative Strength Index (RSI ... by looking for positive and negative divergences between the RSI and the underlying stock. For …
The Relative Strength Index ... points. DivergencesDivergences occur when the momentum in the RSI does not follow the momentum in the price. This suggests a coming reversal in the price momentum – in a “bullish” divergence, …
Performance divergences, especially in key industry sectors, are either supportive or non-supportive of the broader stock market’s move. Although the S&P 500 (SNP:^GSPC) and Dow Jones Industrial Average (NYSEARCA:DIA) have …
divergences in the behavior of important sub-indices, and other technical indicators suggested stocks might be in for a price-slashing correction soon. We believe that the stock market is in the process of topping out from a short-term …