Tim Knight | TalkMarkets | Page 112
Managing Partner at Tim Knight Organization
Contributor's Links: Slope of Hope Slope+
Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward ...more

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Markets: Straight Up
The only good news is that we’re a hair’s breadth away from 2741 at this point.
Asia Continues Falling To Pieces
A chart review of Asian stock markets.
Battle Zone
The market is still range-bound (and, apparently, in a triangle).
Two Mighty Runs
Today is a shortened trading day, with equities closing three hours before the normal time.
The Iron Lung
The market is not allowed to go down, no matter what. Life will continue to be breathed into it with any approach of 2700.
DDR Blows Up
My penchant for the cross-section between real estate and retail is well-known. Here is a look at one particular short – DDR Corporation.
Financials Farce
The massive financials analog continues to play out beautifully. We may see a little strength (or not) after all the recent weakness, but I think the die is cast.
Crypto Space Deep-Sixed
Even with the recent “pop” in Bitcoin prices, I wanted to share a few bearish charts.
Emerging Resurgence
Now that Q2 is over, we can reflect upon one market that showed relatively persistent weakness: emerging markets. Outside the U.S., equities suffered far more than sky-high insanity like our own Russell 2000.
The Weight Of The World
Bitcoin has breached $6,000, it should be melting away, but I suspect enough major players realize how vulnerable crypto is at these levels that they are doing a yeoman’s job keeping things propped up for now.
Utilitarianism
The Dow Utilities has been tearing higher since June 12th. The moving averages are still intact, and we’re coming up upon a wall of resistance that I believe will cease the public’s newfound adoration of utility companies.
What Can Brown Do For You
Amazon is tired of letting UPS make huge profits with all those packages and it would prefer to keep the money for itself.
Coming In For A Landing
Since the price of energy has been going higher and higher, there are certain industries whose profit margins have been shrinking due to their reliance on fuel in their business.
Stock Markets Mood: Just Kidding
Monday’s drop in equities, which lasted merely a few hours, was all it took to utterly cause the administration to tuck their tails and run. Keep an eye on 2736 on the ES.
The Line Of Resistance
The gap between Friday and Monday bears close scrutiny with respect to the entire tech sector.
June Swoon
Equities were in many cases nailing lifetime highs, and the S&P was approaching an importance resistance point.
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