The One Chart to Watch as S&P 500 Makes New All Time Highs May 2024
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- čas přidán 31. 05. 2024
- The S&P 500 and Nasdaq 100 have both made new all-time highs, and the Dow Jones Industrial Average briefly broke above the 40K level for the first time in history. How long will this raging bull market continue? Today we'll share one chart we are watching closely to use a trend-following approach to anticipate a future market reversal.
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Dave helps active investors and financial advisors make more informed investment decisions, inject more discipline into their investment process, and enrich relationships with their clients. Feel better about making better decisions!
Dave is the Chief Market Strategist at StockCharts.com, where he helps investors minimize behavioral biases through technical analysis. He is a frequent host on StockCharts TV, and he relates mindfulness techniques to investor decision making in his blog, The Mindful Investor.
He's also President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research and consulting firm focused on managing risk through market awareness. He combines the strengths of technical analysis, behavioral finance, and data visualization to identify investment opportunities and enrich relationships between advisors and clients.
Dave was previously a Managing Director of Research for Fidelity Investments in Boston, a Past President of the Chartered Market Technician (CMT) Association, and started in the financial industry just after the March 2000 market top at Bloomberg in New York.
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Whenever I hear an analogy of tending to a garden, watering the flowers and pulling the weeds, my mind always goes to "As a Man Thinketh", ever since I read it many years ago...
Have heard of that book but never read! Ordered. Thanks for the reco D
@@DKellerCMT One of my favorite authors 👍 Enjoy!
This was really interesting. Thank you for explaining the bond side of the market
Glad you enjoyed this one!! D
Hey Dave.... Are you going be at Seeking Alpha event on NYC on June? I'd love to see you there.... first for the he awesome analysis and guidance. Second the quality jazz selection
Won't be attending that event, but looks like an interesting one! Will work up my trumpet chops and hopefully play my own intro at some point. :) D
Great explaination. Could you share that final market analysis chart?
As requested! schrts.co/QNZCAREs D
Very useful chart!
Glad you found this one helpful! D
@@DKellerCMT I always have dozens of screenshots in my phone after watching your videos!
Thank You
Appreciate that! D
Great Show ❤
Thanks so much for watching! D
QQQ will likely drop below the 10-day EMA line before SPY. But until then, hold and wait while both are above a rising 10-day EMA line.
I like the 10-day EMA as a "trailing stop" great approach! D
I'm predicting a head and shoulders top at 5500 on the S&P 500. So I'm adding 2% of my funds to GRZZX at 5400, 5450, 5500, and so on.
Selling into strength? Interesting play leading into a potential summer top! D
I'm learning a lot watching your videos! This could mean trouble.. haha
Always something new to learn!! D
In late April, early May we were thinking the spy was forming a bear flag. So now that's off the table, if we go long are we too late to the party?
Bear flag never fully materialized. As far as I can see, charts are innocent until proven guilty! D
@@DKellerCMT Okay then, let's take her for a test ride. 😊
@@DKellerCMT BTW, today's CPC is a hull crushing 0.81 that's a really low barometric pressure. It makes me very uneasy for the long side but we'll give her a go captain 😅
Shorting SP500 @5400 and Nasdaq100 @19.000
Bold move shorting into new ATH! D
@DKellerCMT I know trying to find tops and bottoms in the markets are quiet impossible and not recommended but I trust my gut and going all in , by doing that I'm decreasing risk and increasing reward . Let's see if plays out .
Great value david!👍
Is there anyway i could get your email?
Would love to send you something!
Contact info on our website! www.marketmisbehavior.com/ D