Uncategorized Category
the bladder of the fish and, well, Soybeans
Posted on February 13, 2015 Leave a Comment
had a “google hangout” w/ JC today and we zipped thru, easily, 6 different asset classes from stocks, commodities, single stocks and currencies in roughly 10 minutes. “check this out – boom boom boom” and “blah blah blah” – and we were done. question .. how long do you think it would take non-chartists? hours […]
BIDU follow up
Posted on February 12, 2015 Leave a Comment
was on some quick travel today and saw the “twitter-verse” (read universe) rocking and rolling about BIDU. I remembered that I had done a post in November 2014 about Twitter and — believe it or not in March 2014 (almost a year ago). In March, as soon as we made the new high from July […]
OK, one more on the 10 year …
Posted on February 9, 2015 Leave a Comment
wanted to show you a “quick look” at the ratio of HYG / IEF. HYG is an ETF for Corporate Bonds….when we use ratio analysis we look for one security strengthening over another. In this case, when the ratio goes down the HYG is underperforming the IEF (ten year ETF) and vice versa. note, the second […]
the key to the Ten Year Treasury Yield
Posted on February 9, 2015 1 Comment
I’ve highlighted an area w/ a blue rectangle. Folks, that’s 5 waves up so – ultimately we need another 5 wave move up to occur. I think that’s in work as of the close last week and have projected ten year yields to spike to 3.6-4.0 for now. Going to be interesting to watch … […]
VIX Triangle Complete? ($vix)
Posted on February 8, 2015 Leave a Comment
in Elliott Wave theory a triangle occurs in 5 waves labeled a-b-c-d-e. a case can be made that the VIX completed the final (e) wave of a triangle on last Friday. this week is going to be crucial w/ so many patterns pointing to the downside …
geometry of the midcaps ($MDY)
Posted on February 8, 2015 2 Comments
I like the tops and bottoms of circles … they are pretty powerful and not often used in the technical analysis community. the reason they work is another subject for another time. if you would like to know a little bit about their formation and their cyclical (price and time) characteristics hit me on email. […]
I’m watching 4 things …
Posted on February 6, 2015 Leave a Comment
PATTERNS on the ES, $NYA, Banking Index and Yen to tell me if we break out to new highs. Banks are rolling. That’s bullish – get thru level shown then we should surge higher Yen, after an entire 6 weeks of doing nothing – EXPLODED. 119.80 line in the sand ES “basic” AB=CD complete. NYA […]
IF you do ONE thing please WATCH this video …
Posted on February 2, 2015 1 Comment
Larry Pesavento (www.tradingtutor.com) is not only a mentor but a true friend and guiding example of integrity, passion and truth in the financial markets. He’s 75 (acts like he’s 16) and has made his living trading the markets for 50+ years. It’s an extreme honor to call him a friend. SPOILER ALERT: over the years he called […]
Crude “should” target 76-77 as a bounce target.
Posted on January 31, 2015 4 Comments
Thus far, the low at 44.22 has held. Yes, we had an intraday spike below but – note – it closed above 44.22 and then ripped for a nice signal reversal candle to the upside and believe we could target 76-77 w/ 60-61 as initial resistance.
$SHAK “Shake Rattle and Roll”
Posted on January 31, 2015 Leave a Comment
good morning … going to post a series of charts showing the ratio’s at work. I am not sure where this stock is going but wanted to post some charts this weekend and one of them is a demonstration of the ratio’s at work. the concept I like the most is the world of square […]
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