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Crude, the Loonie and Oil Services Index for 2014
Posted on December 29, 2013 Leave a Comment
the chart below shows the Oil Services Index $OSX (candles) w/ USDCAD (inverted/line) overlaid on top … some observations: when the blue line (Loonie) is going down it is weak. when the blue line (Loonie) is going up it’s strong … at most inflection points, the $OSX and Loonie are synchronized nicely. however, for most […]
Sugar Update
Posted on December 29, 2013 Leave a Comment
here’s the last post on Sugar: https://bartscharts.com/2013/09/13/buy-your-fruit-loops-now-here-comes-the-sugar-train/ as you can see below, the level held extremely nicely but after peaking in Mid-Oct, the bid was crushed. IF this level is a significant low, then we shouldn’t go below 16 again. either way, a potential label is shown. the characteristics of wave 2 are that the […]
Happy Birthday to the Federal Reserve
Posted on December 23, 2013 Leave a Comment
December 23, 1913 the Federal Reserve was created …
relative strength of staples vs the S&P importance
Posted on December 23, 2013 Leave a Comment
in order to get up to speed, if you have not been following, please see the following post: https://bartscharts.com/2013/10/07/staples-strength-vs-the-sp/ we completed a perfect price/time pattern BUY on the ratio and it did, in fact, respect the pattern level. HOWEVER, since then we have taken out the lows of that pattern and if we go back […]
the importance of the recent reweight in the S&P 500
Posted on December 21, 2013 1 Comment
yesterday was a quarterly option expiration AND an important S&P reweighing .. our last post at the sectors of the S&P 500 were dominated by technology, energy and financials … that changed, pretty substantially. now, hot of the presses the sectors are: information technology 18% : using VGT as a proxy. see chart below. SELL […]
Around the world update …
Posted on December 21, 2013 1 Comment
https://bartscharts.com/2013/09/14/part-1-the-sp-500-but-first-we-need-to-go-around-the-world/ https://bartscharts.com/2013/11/10/follow-up-to-part-i-going-around-the-world-again-w-a-little-led-zeppelin-the-song-remains-the-same/ the first post going around the world was in September … nothing has changed. No other stock market – except the US – has come close to their 2007 highs …
our first hint we are soon to be carving out a bottom in Gold …
Posted on December 20, 2013 Leave a Comment
as a pattern recognition dude, I simply look for patterns and try (it’s hard) to be objective and go w/ it. if you have been following we’ve been doing OK w/ everything BUT the equities. Patterns haven’t necessarily failed, but they are being tested for failure, that’s for sure. the bullish sentiment is at ALL […]
the Copper Script …
Posted on December 20, 2013 2 Comments
if you have been following my blogs of late, you’ll find that I’ve been throwing some bearish patterns out there. simply, there are bearish patterns. period dot … they work, they fail and we manage RISK. just to show you that I am agnostic to the BULL and/or BEAR case here’s the falling knife of […]
Copper and China
Posted on December 20, 2013 Leave a Comment
the count (long term) for copper appears to have completed a very well defined 5 wave move … if this is correct, then perhaps we have a little larger rally to kiss the neckline and then down into much lower prices. why is this important to China? well, from a chart view they are aligned […]
the Musical Swissy …
Posted on December 19, 2013 Leave a Comment
what a week in the FX markets … amazing. if you have been following along, I have been a DOLLAR BULL the past couple weeks awaiting for what I THINK is the end of a correction that is going to set up a pretty large and powerful rally in the US Dollar. that being said, […]
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