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Meanwhile ….China, DB, Junk Bonds
Posted on November 8, 2015 Leave a Comment
GoPro Shake Shack Yahoo Twitter Facebook hate to say it …but, um, who cares? There are some MONSTER currency moves going on right now … watching China like a hawk. Is is starting down again against the USD? Pay attention to this, THEN look at the “other” stuff … DB – largest holder of derivatives […]
USD vs JPY at a key PATTERN level
Posted on November 8, 2015 Leave a Comment
IF the USD vs JPY blows thru this PATTERN (sell) THEN the equity market continues higher … IF the PATTERN works THEN expect weakness and/or general churning for the equity market in the coming weeks. would like to see an up move into the 123.30-123.50 level and then sell off. Right now, stops will be […]
GOLD – bullish watch 1075-1076
Posted on November 6, 2015 Leave a Comment
OK, don’t shoot me … but I’m going to continue w/ the 3 waves down into a new low is in face a “B” wave and therefore the current move is wave 2 of C. AS LONG AS THE LOW of 1073 holds then this scenario is in play … also note, in an expanded […]
$FB post earnings ..
Posted on November 5, 2015 Leave a Comment
Here’s the chart that I quickly uploaded to StockTwits from my e-signal feed BEFORE $FB announced earnings. (by the way, Howard, AWESOME functionality .. so easy to use and to do. NICE) now, I know I’m going to get tons of hate mail tonight … look, I get that they had an AMAZING earnings release. […]
when the big boys eat soup volatility rises …. BOINK
Posted on November 4, 2015 Leave a Comment
11/4 – BOINK. target hit … support here means “institutions” are getting conservative. Hmmmmm, something to watch. Here’s the comparison w/ the $NYA. Note how they are INVERSE. When the blue line ($NYA) is going UP the ratio goes down and when the ratio goes UP the $NYA goes down. We’ve hit big time support […]
Parabolic Velocity ….and $MO an update ….
Posted on November 4, 2015 Leave a Comment
11/4 – update. again, I don’t even know what the Altria Group Inc. does … but I do know that parabolic velocity can only hit a certain Ps=0. What the hell does that mean? Well it’s the VN diagram when fighting a high performance fighter. You see at ANY given time in a fight […]
$WFM …update
Posted on November 4, 2015 Leave a Comment
WFM – as of earnings release went into the pattern zone and bounced back up … still didn’t hit the 5627.20 level so perhaps a down opening and then bounce? target at 25.99 … don’t risk much here if trying to play long. I enjoy listening to JC Parets (@allstarcharts) (www.allstarcharts.com ) as he’s […]
WMT – heads up support area approaching
Posted on November 4, 2015 Leave a Comment
Just a heads up … were “there” or “close” w/ regards to potential WMT support. Here’s the picture of $WMT in 2013 – sure looked, at the time, we were finishing 5 waves and the circle area was the target area for a “potential” top. Target was hit and yesterday the move rally began. […]
$PCLN sell pattern complete – FAILED PATTERN
Posted on November 4, 2015 Leave a Comment
Folks, this mirror image got smoked. Much like the mirror image for Natural Gas … the mirror images fail at the inflection points and $PCLN has rolled thru the pattern. ERASE … ERASE…ERASE. Where are we now? Well, if we look at the candles you’ll see the 2nd largest monthly candle since the IPO occurred […]
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