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Intraday BUY ratio = sell equities

…using ratio analysis we can support risk on/ risk off strategies. in this case we use the Staples ETF (XLP) versus the NYSE Index

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USD vs JPY key level ahead

USD vs JPY is a good proxy for volatility and risk on/ risk off – watch the upcoming level closely for a clue

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ORCL – target(s) hit

long term target on ORCL hit.

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EEM – now a SELL pattern complete

last post on the EEM was a nice BUY PATTERN: https://bartscharts.wordpress.com/2019/08/06/eem-big-buy-pattern/ now, we have a larger (purple shaded regions) SELL PATTERN that hit at the beginning of last week. for now, the EEM should stay below the 46.50 area …. for those interested in PATTERNS I’m using the colors to show how a complete pattern […]

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Targets a plenty ….

02/24/2020 UPDATE: well today was a pretty smashing day as “days” go but in the big picture it’s really nothing. but, he fact that the NYSE Index hit the target – from the all time low – so nicely, we do have to be defensive as explained, roughly a month and a half ago … […]

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Traders Tip – “Hidden” Levels … or Pattern Polarity

the gifts have been unwrapped and food a plenty has been consumed … the rest of the family is watching TV and were about to go walk the beach. rained last night so no surfing .. bacteria blows. anyway, I’ve received more than a couple emails asking about the different strategies I laid out in […]

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NYSE Index – 2 percent’ish higher and we have a BIG PATTERN

Folks, it’s nothing but a pattern .. in this case, from the all time low in 1974 we have AB=CD. You can see the math below …additionally, we have the 1.618 extension w/ in 10 points of this level. The levels are less than 1% away from each other. to add some more fuel to […]

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Home Depot

quite the run w/ regard to HD. here you’ll see some projections and extensions (3.142 and 4.236 respectively) showing the ‘why’ behind the current resistance. would watch a weekly close below the red trend lines as a signal that a deep correction is/had unfolded. as you can see by my count, I’m seeing this as […]

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