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US Steel … defying kryptonite (?)
Posted on August 17, 2014 Leave a Comment
CLIFF NOTES: this break out looks real! So, we have completed a pattern and would look to BUY in/around the 32 level as that should offer support and look to hold this for an investment…. a mirror image foldback is a great pattern to see and fine … basically a PATTERN comes into a level […]
is the Sun going to set or rise in Japan (aka the Land of the Rising Sun)
Posted on August 17, 2014 Leave a Comment
CLIFF NOTES: for the reasons shown below, 102.70 is the KEY level for the USD vs JPY. If we exceed this level, then believe the USD will begin to soar again vs the YEN. Going to try and work thru the entire “Elliott is good // Elliott is bad argument” by simply saying when […]
Jackson Hole … let the games begin
Posted on August 17, 2014 2 Comments
CLIFF NOTES: folks, follow this link to catch up on the Fixed Income story: https://bartscharts.com//?s=fixed+income CLIFF NOTES 2: this is a tough one … the pattern in the fixed income market (30 year) failed and has gone much higher//the pattern on TBT failed. HOWEVER, the long standing target on the TEN YEAR Treasury Yield was hit […]
DBA – be patient, now let’s follow up.
Posted on August 15, 2014 Leave a Comment
CLIFF NOTES: Corn and Wheat have hit their targets. Would still see risk below the .841 retrace on Wheat but believe these patterns are complete. Need to wait a little while longer on Soybeans … Charts .. […]
Gold and Silver Update ….and some more of the metals
Posted on August 13, 2014 Leave a Comment
CLIFF NOTES: a case is made, below, that inflection points in the ratio of GOLD/SILVER cause big movements in the spot gold and silver prices. Also, it appears that Gold lags. We are at a resistance level which “might” be one of those inflection points so expect the metals to get moving NOW or SOON. […]
Home Depot 2-4 dollars from judgement day
Posted on August 12, 2014 Leave a Comment
CLIFF NOTES: another pattern beginning from the all time low is completing in the 84-87 area. As HD reaches towards new all time highs, this pattern is sitting right in front of it.
Crude approaching/at key buy pattern for support
Posted on August 10, 2014 Leave a Comment
CLIFF NOTES: a nice TIME and PRICE pattern coming in a little lower on crude for the buy. the reason this price pattern is so key is that, since the low in 2009, NO SWING LOW has been broken (shown by the blue arrows). So, it’s going to be very key for this pattern in […]
USD vs JPY an update
Posted on August 8, 2014 Leave a Comment
CLIFF NOTES: intraday, the pair has just completed a 5 wave movement down. folks, it’s a tough count in that we are either a-b-c complete and we move UP and highter above 103 from here OR we subdivided and after this brief bounce we continue down to attack the 101 level which has held for […]
is MSFT making the move?
Posted on August 7, 2014 Leave a Comment
here’s the last post on MSFT: https://bartscharts.com/2014/06/29/msft-microsoft/ take a peak at the RELATIVE STRENGTH of MSFT vs AAPL. No doubt this isn’t too surprising. HOWEVER, it can’t go any lower, can it? Perhaps, just perhaps, MSFT starts to out perform AAPL from a relative strength perspective? the CHART says it can’t get any worse …
Chinese Yuan Pattern forming ….
Posted on August 7, 2014 Leave a Comment
For years institutions have “bet” on the continued strength of the Yuan as a “safe bet.” That might have all changed around mid January of this year … from Jan-March the Yuan weakened appreciably. To quote one news article – “this move is particularly notable, as the yuan has broken through the 6.20 yuan per dollar […]
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