Kimble Charting Solutions Blog http://blog.kimblechartingsolutions.com Wed, 22 Feb 2012 19:17:33 +0000 en hourly 1 http://wordpress.org/?v=3.1 KimbleChartingSolutionsBloghttp://feedburner.google.com Could a “Regional Bank” breakdown cause the broad market to slip lower? http://feedproxy.google.com/~r/KimbleChartingSolutionsBlog/~3/PMKH1nlKrd4/ http://blog.kimblechartingsolutions.com/2012/02/could-a-regional-bank-breakdown-cause-the-broad-market-to-slip-lower/#comments Wed, 22 Feb 2012 19:17:33 +0000 Chris Kimble http://blog.kimblechartingsolutions.com/?p=10906

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Regional Bank ETF (KRE) and Financial ETF (XLF) have reflected a ton of relative strength over the past 60 days, when compared to the S&P 500-(see lower left 60-day performance chart)

In the chart above KRE looks to have hit last years highs as its bearish rising wedge was coming to an end.  Today KRE is breaking support of the rising wedge at (3) in the chart above.

Banks have been a leader since the first of December 2011 and have helped pull the broad market higher!  Positive Momentum in the broad market reamins in control at this time!!!

Keep an eye on KRE as it breaks support, to see if it causes the broad market to slip lower or lose positive momentum.

]]> http://blog.kimblechartingsolutions.com/2012/02/could-a-regional-bank-breakdown-cause-the-broad-market-to-slip-lower/feed/ 0 http://blog.kimblechartingsolutions.com/2012/02/could-a-regional-bank-breakdown-cause-the-broad-market-to-slip-lower/ 401k plans going to get kicked in the pants due to the Australian $ http://feedproxy.google.com/~r/KimbleChartingSolutionsBlog/~3/baXVYHWFhKM/ http://blog.kimblechartingsolutions.com/2012/02/401k-plans-going-to-get-kicked-in-the-pants-due-to-the-australian/#comments Wed, 22 Feb 2012 13:43:27 +0000 Chris Kimble http://blog.kimblechartingsolutions.com/?p=10901

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Since April of last year the Australian $ has a decent track record of predicting when the 500 index was about to be put under pressure.  The Aussie $ is now back at the levels that has suggested investors should guard the value of their risk assets and 401k plans.

Investors who are long risk assets and their 401k plans want to see the Aussie $ head higher from here...Don't over look Aussie $ nor let it kick your assets around!

]]> http://blog.kimblechartingsolutions.com/2012/02/401k-plans-going-to-get-kicked-in-the-pants-due-to-the-australian/feed/ 0 http://blog.kimblechartingsolutions.com/2012/02/401k-plans-going-to-get-kicked-in-the-pants-due-to-the-australian/ Gold stocks have underperformed Gold by almost 30% in the past 12 months…Now what? http://feedproxy.google.com/~r/KimbleChartingSolutionsBlog/~3/OLoGBbVmbBI/ http://blog.kimblechartingsolutions.com/2012/02/gold-stocks-have-underperformed-gold-by-almost-30-in-the-past-12-months-now-what/#comments Tue, 21 Feb 2012 19:01:52 +0000 Chris Kimble http://blog.kimblechartingsolutions.com/?p=10891  

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Over the past 12 months Gold ETF (GLD) has gained over 20%, yet Gold Stock ETF (GDX) is down 9% in that same time frame.  For whatever reason, metals stocks are not following the metal very closely as GDX remains stuck inside of a sideways channel since mid-2010.

This afternoon, GLD is moving higher and is up against two resistance lines.  If GLD fails to push past resistance, GDX becomes even more frustrating for metal stock owners!

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