A multi-timeframe playbook for high-volatility markets
In this high-energy session, you will get a chart-first, multi-timeframe playbook for crude, refined products, natural gas, and LNG, built to help you spot high-probability patterns and stay aligned with dominant flows.
This past week, the broad markets embarked on a path towards new all-time highs, albeit on below-average volume
Capital flows saw $39 billion entering the market compared to $29.6 billion exiting, both figures falling short of recent averages
Leading the charge was the S&P 500, climbing 1.85% for the week, closely followed by the NDX […]
This past week, the broad markets embarked on a path towards new all-time highs, albeit on below-average volume. Capital flows saw $39 billion entering the market compared to $29.6 billion exiting, both figures falling short of recent averages. Leading the charge was the S&P 500, climbing 1.85% for the week, closely followed by the NDX 100 (up 1.51%) and the troops represented by the iShares Russell 2000 ETF, IWM, (up 1.19%). Notably, the S&P 500 breached resistance at 5190, closing at 5222, setting its sights on the next significant resistance hurdle – all-time highs of 5265. Additionally, the NYSE Advance-Decline index surged to new all-time highs, signaling a potentially even more bullish sentiment than the breakthrough of doji resistance. While the troops (IWM) still have a great distance to cover to near all-time highs, they face corresponding resistance around the 212 range. Overall, the broad market continues its upward trajectory fueled by robust energy (volume) and resilient capital flows.
Grace and peace my friends,
BUFF DORMEIER, CMT®
Updated: 5/13/2024. Historical references do not assume that any prior market behavior will be duplicated. Past performance does not indicate future results. This material has been prepared by Kingsview Wealth Management, LLC. It is not, and should not, be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate their ability to invest for the long term. Investment advisory services offered through Kingsview Wealth Management, LLC (“KWM”), an SEC Registered Investment Adviser.
Shared content and posted charts are intended to be used for informational and educational purposes only. CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. CMT Association does not accept liability for any financial loss or damage our audience may incur.
About the Author | Buff Dormeier, CMT
Buff Dormeier serves as the Chief Technical Analyst at Kingsview Wealth Management. Previously, he was a Managing Director of Investments and a Senior PIM Portfolio Manager at the Dormeier Wealth Management Group of Wells Fargo Advisors.
In 2007, Dormeier’s technical research was awarded the prestigious Charles H. Dow Award. Also an award winning author, Buff authored “Investing with Volume Analysis“. Partnering with Financial Times Press, Pearson Publishing and the Wharton School, this book is the only one to win both Technical Analyst’s Book of the Year (2013) and Trader Planet’s top Book Resource (2012) to date.
Buff’s work has also been featured in a variety of national and international publications and technical journals. Now, with Kingsview Wealth Management’s affiliation, Buff’s expertise and proprietary work on technical and volume analysis shall become much more accessible to journalists and other media alike.
As a portfolio manager, Buff was featured in “Technical Analysis and Behavior Finance in Fund Management” – an international book comprised of interviews with 21 PM’s across the world who utilize technical analysis as a portfolio driver. In his new role with Kingsview Wealth Management, Buff’s unique performance driven strategies will be now be available to a wide audience of financial advisors and institutional clientele.
Buff has a Bachelor’s Degree of Science (B.S.) in Business and a Bachelor of Applied Science (B.A.Sc.) in Urban and Regional Planning from Indiana State University.
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