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FXI and Copper
Posted on June 15, 2014 Leave a Comment
CLIFF NOTES: the key w/ PATTERNS is they enable one to make adjustments, develop gameplans and manage risk. In this case, we have a SELL pattern appearing on FXI. The correlation w/ Copper is pretty high. In our last post we showed the “probability” is HIGH that the Copper will fail the support level at […]
Copper Script Part II
Posted on June 15, 2014 Leave a Comment
CLIFF NOTES: the probability is high that we break the key support line in/around 3.0 that has been holding copper up since 2010. CLIFF NOTES 2: here is the link to the “Copper Script Part I” to watch how a BUY was recommended in the midst of the crash in 2009: https://bartscharts.com/2013/12/20/the-copper-script/ Note, a potential gameplan […]
Last call .. shots of XLE being served at the bar!
Posted on June 14, 2014 Leave a Comment
CLIFF NOTES: a picture does paint a thousand words. So there are some pictures below. I’ve included the chaos that was 2009 just to demonstrate that, guess what, at the lows in 2009 a BUY appeared on the XLF (Financials) and guess what … when I was Chief Technician for the When 2 Trade Group […]
Dow Jones Transports and the Major Seventh …
Posted on June 12, 2014 Leave a Comment
CLIFF NOTES: more than likely, you saw my long term transports post a couple months ago and as this target got attacked I was truly looking for a “little” resistance. I mean, come on, it was the ALL TIME LOW to the “old” ALL TIME HIGH and we have a 1.618 extension RIGHT ON TOP […]
monitoring the top 10% weighted sectors ….
Posted on June 12, 2014 Leave a Comment
I really liked this post: https://bartscharts.com/2014/03/16/swing-low-sweet-chariot/ CLIFF NOTES: our PATTERNS have been hit across the board in the top weighted sectors of the S&P. However, doesn’t mean a darn thing till the swing lows are taken out. Review the post above …
Using ratio’s for relative strength comparison
Posted on June 8, 2014 Leave a Comment
If the Numerator is bigger than the Denominator then the ratio goes UP. If vice versa, the ratio goes down. If we put one security over another then we can plot the relative strength and note when a shift in this relative strength takes place. This shift can show rotation. What you’ll find is the […]
quick review, importance of XLE in the circle of life and sector rotation
Posted on June 7, 2014 Leave a Comment
if you go back some posts you’ll find me recommending to BUY the banks in March 2009. YES .. BUY in MARCH 2009. there was a PATTERN. additionally, if you go back you’ll find that the XLF had cracked a couple weeks/months before THE top in 2007 but the S&P 500 kept going. It was […]
Continuing to watch the components (>10%) of the S&P 500 – an update
Posted on June 7, 2014 Leave a Comment
CLIFF NOTES: the biggest development of this past week was the CLOSE above our pattern level on the XLF. It is my belief, and history has shown, that the banks LEAD us UP and LEAD us DOWN. As long as the banks are stable, this market will continue it’s “Wizard of Oz’s” climb …also, my […]
“Great Googalooga, can you hear me talking to you?”
Posted on June 6, 2014 Leave a Comment
In a normal environment this market would be correcting …
another pattern from an all time low .. this one is the German DAX
Posted on June 6, 2014 Leave a Comment
CLIFF NOTES: as I’ve said for the past 6 months (it hasn’t even been a year blogging!) this is a PATTERN RECOGNITION blog. And, guess what … we have ANOTHER PATTERN from an all time low. Here’s the pattern …
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