Uncategorized Category
S&P 500 E-mini – March 13, 2023
Posted on March 13, 2023 Leave a Comment
The support/rally that was found today by the market was “expected” as we could see 5 waves down. Now the BIG question is was the high today the end of the wave 2 or do we rally once more. I would like to see another rally so we can PROJECT the upcoming POTENTIAL inflection point. […]
S&P 500 – March 12,2023
Posted on March 12, 2023 2 Comments
Expect a rally the next couple days …perhaps a slight gap down but eventually support and then a rally should occur. Futures tonight are already providing that “commentary” so I’d expect a larger than “normal” rally due to the world is coming unglued (it is) but you know what I’m saying … “everyone” expected a […]
Goldman Sachs – March 11, 2023
Posted on March 11, 2023 Leave a Comment
Very important support comes in for GS a little lower in/around the 320’s and then 300’s. We lose those levels then expect GS to breathe down to a VERY NICE BUY PATTERN from 243-247. That buy PATTERN is a classic. ABCD, .618 retrace, 1.27 extension and then the “crossover” structure .. dare I say, it’s […]
S&P 500 – March 09, 2023
Posted on March 9, 2023 3 Comments
I try to make it clear on the chart below that I just “don’t have a clue” if the ATH on the S&P 500 is THE HIGH or A HIGH … I don’t have the data and, frankly, I’ve seen very amazing professionals say it is THE HIGH and also say A HIGH. Both, totally […]
Banking Index – March 09, 2023 (UPDATE)
Posted on March 9, 2023 1 Comment
Last post on the Banking Index: https://atomic-temporary-44460632.wpcomstaging.com/2023/01/31/banking-index-january-31-2023/ Here is the Banking Index PATTERN that we needed to watch and monitor. Folks, banks are everything. PERIOD. They lead us UP and they lead us DOWN. Something isn’t right at the circle K. All things being equal, the wave that started today needs to finish 5 waves […]
JNJ – March 08, 2023
Posted on March 8, 2023 2 Comments
Note, measured move correction takes us down another 10 bucks .. that multi-year bearish divergence has me exercising CAUTION before adding or buying any JNJ at these levels. Let’s see what happens at 142 and the key trend line …
TSLA (update) – March 08, 2023
Posted on March 8, 2023 1 Comment
Last update on TSLA: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/25/tsla-update-february-25-2023/ The move off the low down around 100 has been EXTREMELY powerful and that “USUALLY” (note quotes and all CAPS) lends to another LONG entry in/around the .382. We have a LOT of math coming in from 170-175: so, it appears we need to give the 170-175 BUY a shot. […]
US Inflation Rate – March 06, 2023
Posted on March 6, 2023 4 Comments
A case can be made for a 100+ year triangle is complete and inflation, while pulling back now, has begun a bull market? Yes, I know that sounds crazy .. but, either way, would hate to see a close above the that upper down sloping trend line …
JUNK (JNK) Bonds – March 05, 2023
Posted on March 5, 2023 Leave a Comment
The credit markets are a very important measure to monitor/watch w/ regard to equity volatility and strength. A correlation exists where deterioration w/in the Junk Bond market usually leads to or portends to weakness in the equity market and/or an increase in volatility. We have a VERY important pattern appearing on the hourly JNK BOND […]
Bart's Charts 