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Home Depot Rocketship …. $HD

Well, every other pattern level has been defeated so why not the one’s shown below?  We have a bunch of math coming in …130-135. stay tuned.

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SQ ($square) and it’s SQUARE ROOTS …hahaha

folks …took a peak at Square’s Square Roots this afternoon. math is on the chart.  note, I like how we have to take the square root of the square root of the high at 14.78 and note the dashed green line and how prices gravitated to that the rest of the day. interesting? pay attention […]

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$BITCOIN

sequence looks like it wants one more move lower to complete 5 legs … however, note the measured move of the last major correction – it’s completed that and a tad bit more. make it a great weekend. Bart

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$BID Sotheby’s …

my good friend Larry sent me a chart this morning .. it’s a chart of Sotheby’s Fine Art auction house … fascinating as big moves down/up follow social mood and the market. It’s interesting to note the higher highs up into 2007 and since then the lower highs present. it’s finishing a BUY pattern right […]

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Swissy Butterfly

this is a nice one … IF it fails THEN the USD is going to take off. highly probably pattern so expect some weakness in the USD vs CHF in/around these levels. here’s why it’s called the “butterfly pattern”   when looking for butterfly patterns just think of it as connecting two triangles.  the key […]

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Interest Rates … playing w/ the gang over @seeitmarket

Post on Fed Fund Futures from this weekend … interesting and important:   Will The Fed Raise Rates? What Fed Funds Futures Are Saying   B

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keep an eye on this PATTERN

to reiterate, the key w/ patterns is the fact they give you a line in the sand to make determinations of trends,  possible inflection points and overall strength/weakness of the market. in this case, we have the $NYA (the largest index) doing the EXACT same thing it did in 2008.  so, I like to keep […]

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Technician’s Toolbox: Measured Moves …

Measured moves are 1) the easiest and 2) one of the most important techniques in the technicians toolbox. They represent the “sum” of buyers and sellers and – on long term charts – extremely accurate at marking inflections points and risk controlled entry points.  Let’s face it, besides the retail portion (me and you) are going to […]

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Meanwhile ….China, DB, Junk Bonds

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 […]

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USD vs JPY at a key PATTERN level

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 […]

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