Chris Ciovacco

Contributor since: 26 Feb 2010

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• Simple Ways To Monitor Current Market

  Published 26 April 2012 | viewed 0 times

  A good way to sum up the conflicting signals that the markets are giving from a short-term perspective is to look at our comments from…

• Are The Markets At A Logical Bottom?

  Published 25 April 2012 | viewed 0 times

  As we mentioned Tuesday, the reaction to Wednesday's Fed statement is important to the market's intermediate-term direction. However, Apple's (AAPL) strong earnings have provided investors…

• Fed Statement To Set Market's Tone

  Published 24 April 2012 | viewed 0 times

  The markets advanced early Tuesday after a report on home sales exceeded forecasts. On the earnings front, AT&T (T) and 3M (MMM) came in above…

• Europe Wobbles, Technicals Try To Stabilize

  Published 20 April 2012 | viewed 0 times

  In a December 2011 video, we explained how the ECB was using a "backdoor bazooka" approach allowing banks to use borrowed ECB funds to purchase…

• Similar Markets Lean Bullish Longer-Term (Updated)

  Published 17 April 2012 | viewed 0 times

  Late last summer our Similar Markets Model (SMM) identified 1998 as a market with similar technical characteristics. As it turns out, 1998 was an excellent…

• Italian Bonds/Economic Data/Materials Raise Caution Flag

  Published 03 April 2012 | viewed 0 times

  Our models remain bullish longer-term, but we have some concerns on a shorter-term time horizon. The yield on a ten-year Italian bond has crept back…

• Financials Have Barely Moved Relative To 2007 Highs

  Published 20 March 2012 | viewed 0 times

  Financial stocks have been immensely disliked by investors relative to other options since the peak in late 2006/early 2007. If you look at the performance…

• Is The VIX Flashing A Buy Signal?

  Published 16 March 2012 | viewed 0 times

  Everyone, including us, has referenced the VIX or Fear Index's current low level as a possible point of concern for an imminent reversal in stocks.…

• Germany and Banks Point To Higher Highs In Stocks

  Published 15 March 2012 | viewed 0 times

  As shown below, the market is currently being carried by tech, retail/consumer discretionary, and banks. These sectors do have a big impact on the daily…

• Banks and Homebuilders Show Impressive Strength

  Published 14 March 2012 | viewed 0 times

  Financial stocks had been treading water relative to the S&P 500 for the past six weeks. That changed late yesterday after J.P. Morgan announced a…

• Current Stock Push Has Hurdles To Clear

  Published 12 March 2012 | viewed 0 times

  The rally off the lows of last week has some work to do before it becomes convincing. While the longer-term outlook remains favorable from a…

• TIPS Show An Indecisive Market

  Published 09 March 2012 | viewed 0 times

  With polar opposite forces of money printing (inflationary) and defaults bouncing around the heads of investors, it is not surprising to see schizophrenic inflation expectations.…

• Market Breadth Aligns With Pullback Scenario

  Published 28 February 2012 | viewed 0 times

  Yesterday, we noted some bad news would probably be needed to tip the scales in this market. This morning's economic data fits the "bad news"…

• VIX, Transports Indicative of Vulnerable Stock Market

  Published 27 February 2012 | viewed 0 times

  The bulls have been firmly in control since the European Central Bank (ECB) induced rally off the December 19 low in stocks. However, last week's…

• Gold's Pullback An Opportunity?

  Published 17 February 2012 | viewed 0 times

  We mentioned Wednesday that we were interested in the charts of gold and gold mining stocks. Gold mining stocks responded today with sharp gains. Given…

• 'No QE3', Retracement Level Stalls Financials

  Published 16 February 2012 | viewed 0 times

  Since financial stocks make up 14% of the S&P 500 Index, it is difficult to sustain a rally without strength in banks and financial services…

• Copper Miner Worth Watching

  Published 15 February 2012 | viewed 0 times

  Freeport-McMoran Copper & Gold Inc. (symbol FCX) engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum,…

• Germany May Foreshadow SP 500 Weakness

  Published 14 February 2012 | viewed 0 times

  Germany has been a leader of the global rally in risk assets off the December 2011 lows. Sustained weakness in the Germany ETF (EWG) and…

• Buying Opportunity Coming?

  Published 10 February 2012 | viewed 0 times

  Even the early stages of new bull markets experience corrections. After surging off the March 2009 lows, the weekly chart of the S&P 500 experienced…

• Golden Cross Can Lead To Golden Loss

  Published 31 January 2012 | viewed 0 times

  A golden cross occurs when a market's 50-day moving average crosses above its 200-day moving average. We believe conditions have improved since central banks have…