On Balace Volume (OBV) shows that interest may be back in this great asset manager, which saw positive capital inflow as of the latest quarterly report despite an overall negative trend in the sector. When volume rises, price generally tends to follow. Noteworthy is also MACD which just crossover its signal hinting at a possible change of long-term...
Possible downside testing support level at 97.190, before breakthrough gap above high 100.510.
Square's trend has changed, if you don't belive me take a look at this chart! Following an unsuccessful IPO (Can't think of any successful one in today's market enviroment) it bottomed out at $8.05 and volume dried up, subsequently it started gaining momentum volume picked up and reached a level of 12.64 forming what looks to be a cup, then the handle came along...
A strong dollar and a low price of oil have both negative consequences to U.S. equities. Last time we saw the two moving in such divergence was back in 2008! And you know what happened back there. We have now lost only 15%, and I think we are roughly at half of correction.
The energy sector of the S&P has long had a major weight in the index, the other two being financials and technology. The positive correlation between WTI and S&P500 demonstrates that over the years a raising Oil price has aided the sustainability of the U.S. bull markets. The price of oil broke an upward channel on July 1st, 2014 losing over 70% of its value...
Like we see from the graph the bull markets tend to last longer than the bear ones. From '93 to '98 the s&p gained 173% over a 5 yr period, then in 1998 we have a significant crash, but it gets quickly erased and the bull market continues until the end of the millennial. This bull market had an overall gain of 257% over a 7 year period (36% annualized). This run...