Tony Cherniawski Blog | Talkmarkets | Page 1
President, CIO at The Practical Investor, LLC
Contributor's Links: The Practical Investor

Anthony M. Cherniawski is a principal of TPI. He has a Bachelor of Communication Arts degree from Michigan State University (1972). His business experience is as follows: 

Tony Cherniawski’s early success in the investment business came from a chance ... more

Articles

Latest Posts
1 to 16 of 154 Posts
1 2 3 ... 10
SPX Claws Back A Large Loss
SPX began the week making a new low, but clawed back nearly 61.8% of the losses from the beginning of May. But that may not have been enough, closing beneath weekly Short-term support at 2878.92, leaving it on a sell signal.
SPX Breaks Through Short-Term Support
SPX broke down through Short-term support at 2867.28, but managed to close above it. Friday’s bounce managed to retrace 50% of the decline since the beginning of the week. A sell signal may be generated beneath Short-term support.
SPX Ekes Out Another Positive Week
SPX broke above the 2.5-year trendline originating from the 2016 election in its fourth week. It also breached the September 21, 2018 high on an intraday and closing basis. Strategists consider that point as a breakout to more all-time highs.
SPX Continues Challenging The Trendline
SPX continues testing the 2.5-year trendline originating from the 2016 election for a third week. It has not breached the September 21, 2018 high on an intraday basis. Strategists consider that point as a breakout to more all-time highs.
Rally Continues In SPX
SPX came down from its peak on March 21, then made a 65% retracement of its decline. The rally is over 13 weeks long with the Economic Surprise Index at a 6-year low.
SPX Surges At Long-Term Support
SPX reversed above Long-term support to retest the 3-year trendline again. The rally is over 11 weeks long with the Economic Surprise Index at a six-year low.
SPX Reverses Beneath Long-Term Support
After nearly a month above Long-term support at 2747.53, SPX declined and closed beneath it this week. This puts it on a sell signal with a potential of retesting the December low.
SPX Rally Loses Momentum
SPX lost its upward momentum as it hit the .786% Fibonacci retracement level on Monday. Since then it has consolidated in a narrow range above its supports at 2775.00. It was 62 calendar days from the December 26 low to the February 25 high.
E Master Cycle Highs
Markets around the world have started the year on a tear encouraged by easing trade tensions, a more dovish-sounding Federal Reserve and signs that China is bolstering its economy.
SPX Rises Above Long-Term Resistance
SPX rose above Long-term resistance at 2743.91 last week, completing 8 weeks of rally from the Christmas low.The current period of strength may run out early next week.
E How Soon The Recession?
The SPX continued the rally into its (inverted) Master Cycle high yesterday, finding resistance at the lower trendline of its Broadening Wedge Formation. Cycles require meeting both time and price targets.
E Interesting Times...
VIX may have reached a second Master Cycle low in less than a month, patterned after the May-June lows last year.
E Who's Buying?
VIX has spent the past week beneath mid-Cycle support/resistance and the 200-day Moving Average at 16.63.
SPX Rally Needs A Rest
SPX rallied through Intermediate-term resistance at 2654.84, closing short of Long-term resistance at 2727.40. After five weeks of unbroken gains, the rally needs a rest.
E The Punchbowl Just Got Refilled
VIX has been treading water between its 200-day support at 16.58 and 50-day resistance at 21.66 since January 18.
SPX Stalls At Intermediate-Term Resistance
SPX declined to Short-term support at 2599.18 on Tuesday, then bounced back to retest Intermediate-term resistance at 2665.37, leaving a flat week.There is a probable Head & Shoulders neckline that may indicate the target of this decline.
1 to 16 of 154 Posts
1 2 3 ... 10