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NASDAQ – huge trend line support being attacked
Posted on December 16, 2018 Leave a Comment
12/16/2018 – take note of the MONTHLY LOG scale on the NASDAQ Composite. I’ve outlined 3 critical areas to monitor on the chart. Also, you’ll see in the second chart that back last March we ID’d the 7600 ish area as the target zone. The market went another, roughly 5% and then ran into another […]
WATCH THE RATIO’s
Posted on December 16, 2018 Leave a Comment
12/16/2018 – as shown before, the ratio of XLP (Staples) / NASDAQ and the PATTERN that completed gave us fair warning of this correction we find ourselves in .. is it the beginning of the ‘next’ bear market. I have no idea. Is it just the ‘buy the dip’ – I have no idea. I […]
Banks
Posted on December 16, 2018 Leave a Comment
12/16/2018 – the banks lead us up and they lead us down. note the polarity shown in/around 84. Also, we have 4 ratios coming in around 79-80. Then we have the 76 polarity level. my ‘expectation’ is that these levels hold for support on the banks which breathes some life into stocks. also, note the […]
MSFT vs AAPL .. the great rotation
Posted on November 26, 2018 1 Comment
MSFT / AAPL – note, long term LOG scale and it appears that MSFT (from a relative strength perspective) has broken out this month … now, this does not mean that the MSFT stock won’t go down – it simply means – from a relative strength perspective – it appears that MSFT is the ‘stronger’ of […]
Utilities – holding up pretty nicely
Posted on November 25, 2018 Leave a Comment
11/25/2018 – you can see some of the former work on the Dow Jones Utility Index here: https://atomic-temporary-44460632.wpcomstaging.com/2018/01/02/i-still-think-this-is-a-big-deal-utilities-an-update-and-another-update/ as you can see, the index went right up into the target area and fell pretty nicely. that being said, it has held up rather nicely and just recently went up and tagged a nice retracement level. probability […]
Update to BITCOIN (NYSE Index Bitcoin Index)
Posted on November 19, 2018 Leave a Comment
if you do a search you’ll find some interesting charts on the ‘parabolic’ rise of the BITCOIN Index. PARABOLIC RISES ALWAYS END LIKE THIS …period. what’s important to realize is we are balancing the energy of euphoria (a sell signal) w/ depression/capitulation (a buy signal) … so what’s important now. note the triangle is broke […]
IBM – failure and a new set up
Posted on November 3, 2018 Leave a Comment
11/03/2018 – well our IBM pattern failed and got smoked. As I’ve shown before, the candle on IBM is what a ‘failed pattern’ looks like … so, as you can see below we have another BUY pattern emerging on IBM. It’s got some ‘time’ and ‘price’ to go but I’ll be watching the level shown […]
YEN vs USD …certainly smells like a multi year triangle …
Posted on November 1, 2018 Leave a Comment
well, when we last posted, we were looking for the YEN to complete a multi year triangle. holy smokes, it certainly dumped today. the key here, as you will see below, is that it did ‘exactly’ what its supposed to do … in a triangle you look for price correlations that are .618 the preceding […]
New York Stock Exchange – a BUY pattern emerges UPDATED
Posted on October 28, 2018 Leave a Comment
11/19/2018 – revisiting this pattern from the end of October. The levels indicated have NOT been hit so, believe it or not, this is ‘standard’ corrective move in the NYSE Index since 2009. Thus far, every major correction has been the dashed red arrows. also, we have polarity support area and then we have all […]
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