First off, let's start with some macro charts.
The Wall Street Journal has posted up a great chart showing the "Race for Zero Interest Rates" around the globe.
(click to enlarge)Secondly, Barry over at The Big Picture has a great collection of charts including a comparison of the 2008 bailout to all other large government projects. This one really is quite astounding:
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Next, moving onto market related charts, we see that Barry also has noted how the S&P has been "kissing" the 30 day moving average and then selling off recently. As they say, the trend is your friend.
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Next, Kevin has posted some great chart setups that you can play in the markets. He responded to a reader's question regarding Yahoo (YHOO)'s bullish divergence on the MACD. Kevin believes that while the divergence is a positive signal for YHOO, he would need to see confirmation from another signal or a breakout of the current downtrend to get long the name. I'd completely agree with that assessment. The dominant trend is down in that name. Positive divergences are great, but until that name breaks out of its descention, I wouldn't get long. Not to mention, the only real catalyst YHOO has these days is selling part of all of itself to MSFT... a saga that has been ongoing for ages.
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(click to enlarge)Next, moving onto market related charts, we see that Barry also has noted how the S&P has been "kissing" the 30 day moving average and then selling off recently. As they say, the trend is your friend.
(click to enlarge)Next, Kevin has posted some great chart setups that you can play in the markets. He responded to a reader's question regarding Yahoo (YHOO)'s bullish divergence on the MACD. Kevin believes that while the divergence is a positive signal for YHOO, he would need to see confirmation from another signal or a breakout of the current downtrend to get long the name. I'd completely agree with that assessment. The dominant trend is down in that name. Positive divergences are great, but until that name breaks out of its descention, I wouldn't get long. Not to mention, the only real catalyst YHOO has these days is selling part of all of itself to MSFT... a saga that has been ongoing for ages.
(click to enlarge)Kevin also points out a possible short setup in the Canadian dollar, as it forms a descending triangle. You can short the break of $77. At the same time, the CAD could possibly reverse and break its pattern to the upside, where you could play it from the long-side. Typically though, these types of setups make great shorts. The main point is that the triangle has formed and gives you an easy way to play a break in either direction, most likely to the shortside.
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