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More Pumpkin Soup … added a new ingredient to the recipe: GOOG.
Posted on October 21, 2013 1 Comment
classic or not that certainly proved to NOT be a head and shoulders neckline but a launching pad for a SATURN 5 and kaboom it exploded. as you can imagine the short well, took it on the chin to say the least: http://www.youtube.com/watch?v=05PKG_pWsVY ! Howard (Founder/CEO of Stocktwits) commented “as for me, I’ll stay long.” WELL PLAYED […]
Plotting the next move in fixed income …
Posted on October 21, 2013 Leave a Comment
fixed income has bounced rather nicely and now the big question is “are we going to go to new highs?” 1.5 years ago, as fixed income flirted w/ the all time highs for 5 months we correctly saw multiple correlations that put the sell pattern present in context … http://allstarcharts.com/are-interest-rates-at-a-key-inflection-point/ from there, the bonds fell […]
Part 2 of Part 1-V on the S&P
Posted on October 20, 2013 Leave a Comment
Part 1 was a look around the world at different equity indices based on ETF’s: https://bartscharts.com/2013/09/14/part-1-the-sp-500-but-first-we-need-to-go-around-the-world/ of note is the Global Equity ETF (ACWI) and the SELL pattern that is appearing as we showed in our last “around the world” update shown below. Overall, nothing to crazy but the analysis appears to have been correct. […]
the joys of the puzzle …
Posted on October 18, 2013 2 Comments
a couple days ago I posted about the US Dollar missing my lower target and the potentiality of a bottom and even saw a “nice” inverse head and shoulders that IF it broke thru would be a bullish signal. it didn’t and, now, looks like my lower target is going to be attacked. quite frankly, […]
QUALCOM Confluence ….
Posted on October 16, 2013 Leave a Comment
PROJECT then EXTEND then RETRACE … for QCOM they are all coming together a little higher. Frankly, never seen this many ratio’s come together. Stay tuned BUT that’s all she wrote ….
the Shutdown and the US Dollar
Posted on October 15, 2013 Leave a Comment
my first post was almost two months ago and it concerned the US Dollar: https://bartscharts.com/wp-content/uploads/2013/08/august-20-2013-us-dollar.png and then it was updated: https://bartscharts.com/2013/10/01/dollar-index-done-or-correcting-or-a-little-lower/ we probed the lower level but never quite reached my area that I had been watching for two months as the place to attempt the long on the USD versus either the EURO or the POUND. this […]
Gold/Silver Index … continuing the thread
Posted on October 11, 2013 Leave a Comment
here’s the previous Gold/Silver Index posts: https://bartscharts.com/2013/10/03/gold-silver-index-a-guide-for-the-yellow-brick-road/ so, as you can see the geometry is sure starting to unfold for a “double bottom” type of scenario and then, potentially, higher. If you read my Gold posts https://bartscharts.com/2013/09/07/good-as-gold-part-1-of-2/ https://bartscharts.com/2013/09/08/good-as-gold-part-2-of-2/ then you’ll see how I’m looking for one more move lower on the Gold to set up […]
Japanese Yen Advance
Posted on October 10, 2013 1 Comment
I have been following this pattern closely … after an amazing move upward, we have been consolidating in what looks like a multi-month triangle. From a counting perspective it does fit the characteristics of a 4th wave so we’ll have to watch it closely for signs of the triangle being complete. At this point, right […]
Staples Strength vs the S&P
Posted on October 7, 2013 1 Comment
if you wan to catch up I recommend reading the following two posts: https://bartscharts.com/2013/09/22/the-upcoming-week-of-922-for-the-sp/ https://bartscharts.com/2013/09/25/the-ratio-of-staples-to-the-sp-xlp-spx-trust-me-its-important/ this AM, our pattern that we have been following has completed. what does that mean? the pattern either works or it doesn’t … if it works then our thesis is that the staples (as a sector of the overall market) […]
the WMT greeter and inflection points
Posted on October 6, 2013 1 Comment
ratio analysis compares the relative strength of one security versus another. if the numerator is stronger then the ratio will go up and vice versa. what I try to look for are meaningful ratio’s that plot fear and greed and can warn us of potential inflection points in the market. I am going to make an […]
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