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Helene Meisler Profile picture
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Dec 24 • 30 tweets • 7 min read
Good Saturday Morning Chart Fans!

You might notice I am (mostly) no longer starting downtrend lines from the January 2022 peak. That is because in the next few weeks they will fall off the 1 yr charts & give us a new view. Consider this a preview!

Merry Christmas!
DJIA. This will be the last week with these lines.
Transports.
Utes. Watch them since they have diverged from bonds this week.
SPX. That big downtrend line gonna look a tad different by mid January.
Naz
IWM. The blue line will become the dominant line in a few weeks.
SOX
Bank Index. Still hovering around 100, same place it was when the hysteria started in early December.
QQQ
QQQJ. Juniors act better than seniors.
IGV
XLI
XLB
XME
XLP
XLV
XBI
ITB
GLD
EEM
XLE. That low from a year ago will fall off the chart in the next few weeks.
OIH.
McClellan Summation Index.
Bondaleros. Yield on 10 yr.
DXY.
Insiders.
Citi Panic/Euphoria hovering right over the Panic level.
Delta Sentiment Indicator still 100% Equities.
Just a reminder that I write a daily column for @realmoney . Here's the column from Friday.
realmoney.thestreet.com/investing/stoc…

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More from @hmeisler

Helene Meisler Profile picture
Dec 17
Good Saturday Morning Chart Fans!

I do believe sentiment shifted in a big way this week but we haven't yet seen it in the indicators. All that Santa Rally talk is gone.
Instead of starting with the DJIA as I always do I am going to begin with the Barron's cover this week. Because if 'down in H1'23 and up in H2'23' is not consensus I don't know what is.
Feel like I should cc @IvanTheK on this one.
DJIA. I've gone back to the black (channel) lines this week.
Read 27 tweets
Helene Meisler Profile picture
Dec 10
Good Saturday Morning Chart Fans!

The only theme this week is the CPI and the FOMC. Because the charts are doing what they have done all year: stop at resistance and find support when things get oversold & too bearish.
DJIA
Transports.
Read 30 tweets
Helene Meisler Profile picture
Dec 3
Good Saturday Morning Chart Fans!

The theme this week had nothing to do with the charts. It's whether or not you are in Team Recession that is bad for stocks or Team Recession means lower rates and that's good for stocks.
DJIA
Transports.
Read 26 tweets
Helene Meisler Profile picture
Dec 1
Do people understand WHY we look at the 200 dma? Or do they just spout it out because it sounds knowledgeable?
200 days is (almost) 1 yr in the mkt. We assume that's the average price folks own said security for the last yr. So folks use it as a trend spot.

When MA's are heading up & we are over them, they are typically supportive.
When they are heading down & we are over- coin toss.
Just my two cents.

Others may use it differently.

For example there's that PTJ quote that nothing good happens under the 200 dma.
Read 4 tweets
Helene Meisler Profile picture
Nov 26
Good Saturday Morning Chart Fans!

We've got a lot of groups that did not make higher highs last week, yet the S&P did. The oddest part is that defensive groups made higher highs (XLP, XLV, XLU) and so did XLI. Weird.
DJIA
Transports.
Read 27 tweets
Helene Meisler Profile picture
Nov 19
Good Saturday Morning Chart Fans!

The resistance from last week hasn't gone away.

They tell me Thanksgiving week has positive seasonality. FYI if I ever trade on positive seasonality, do yourself a favor and take the other side of my trade. That's how bad I am at seasonality.
DJIA. I drew a new line (for the first time in months!)
Transports.
Read 31 tweets

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