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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 […]
Home Builders relook …
Posted on January 12, 2015 Leave a Comment
as you can see from below the Homebuilder Index (XHB) has broken out most recently from the congestion area highlighted in the link below and now has a target of 38. Not bullish or bearish – just a pattern guy. so, as you can see below, we are finishing a PATTERN but what about the […]
Aussie vs USD bottom in place?
Posted on January 12, 2015 Leave a Comment
Folks, back in October the post below the two dash lines was searching for a low to be in place on the AUD. The form and proportion were just about right. However, w/ the big move in crude, the interest rate extravaganza and the a whole host of other fundamental reasons the real issue is […]
$WYNN and @seeitmarket
Posted on January 11, 2015 Leave a Comment
had some fun on @seeitmarket (www.seeitmarket.com) after the CES show in Vegas – http://www.seeitmarket.com/wynn-resorts-stock-chart-oversold-broken-14006/ hope your having a GREAT weekend. Bart
Coffee Correction Complete?
Posted on January 10, 2015 Leave a Comment
CLIFF NOTES: Coffee Futures UP SBUX SELL PATTERN complete. See below for updated analysis: W/ the engulfing nature of the candle from last weeks actions, a case can be made for a FLAT correction being complete and coffee resuming it’s move up. also, here’s an updated chart of SBUX and note the BUTTERFLY SELL PATTERN […]
What a blast – thanks again JC!
Posted on January 8, 2015 Leave a Comment
The WordPress.com stats helper monkeys prepared a 2014 annual report for this blog. Here’s an excerpt: The concert hall at the Sydney Opera House holds 2,700 people. This blog was viewed about 29,000 times in 2014. If it were a concert at Sydney Opera House, it would take about 11 sold-out performances for that many […]
