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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: 6 ratios 1.618 abcd fundamental frequency target abcd (blue arrows) so, it […]
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 […]
IBM – February 25, 2023
Posted on February 25, 2023 5 Comments
Relative strength REALLY helps us understand the institutional flow …using basic numerator / denominator we place one security over another (it can be anything liquidly traded) and if the chart goes UP the NUMERATOR is “stronger” from a relative strength perspective and if the chart goes DOWN then the DENOMINATOR is “stronger” from a relative […]
Natural Gas Part II-February 24, 2023
Posted on February 24, 2023 3 Comments
This morning I posted the “measured move” on the Continuous Contract Nat Gas Futures from a monthly scale. Here is the link: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/24/natural-gas-february-24-2023/ Measured Moves are the most underutilized YET most POWERFUL tool in our toolbox. I think people don’t use them because they clutter their charts w/ lagging, coincident indicators … moving averages, bollinger […]
