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the XLP / NASDAQ ratio complete a BUY pattern …updated 05/19/2019
Posted on January 15, 2019 Leave a Comment
05/19/2019 as you can see below, the buy zone was defeated by just a bit but, ultimately, it proved to be good support and the ratio is going UP which shows a risk off mindset w/ regards to the institutions. keep an eye on this ratio as it’s very important and can give us a […]
very important level on the Banks!
Posted on December 26, 2018 Leave a Comment
03/18/20 – last time I posed on the banks you can see this level held and then rallied nicely. it never made a new high. now, take a peak below as we can see a nice support zone that has appeared around 53-57. the 1.618 extension is the low of the day today. the ‘low’ […]
NYSE Index Targets
Posted on December 22, 2018 Leave a Comment
Well, the support level shown in my last post was defeated on Friday. We also closed ‘below’ old resistance so it looks like ‘polarity’ didn’t work here. All I’m trying to do is find the ‘bounce’ area as cycles suggest into end of January/early Feb. So, here’s some targets on the NYSE Index that I’ll […]
Big Support on NYSE Index
Posted on December 21, 2018 Leave a Comment
‘hope’ – a strategy – it holds for now.
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 […]
Bart's Charts 