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CME
Posted on November 27, 2016 Leave a Comment
looks like strong resistance is being hit … but that’s mighty strong candle coming into levels shown. wait for a SRC. If it breaks above 119 then new highs should probably be seen.
JCP a study of the Beauty and the Beast (?)
Posted on November 23, 2016 1 Comment
well that was “beastly” in the thumping that happened from 86 down to 5 … but it also happened in 2000 and look at the rally. What did JCP do? I have no idea and I don’t care … but the “beauty” is the POTENTIAL accumulation taking place … note the 1.27 extension that caught […]
Update on the ‘birth’ of the S&P500 and Friday’s close
Posted on November 20, 2016 2 Comments
11/20/2016 – again, “she’s getting ready to blow” but who knows what direction, right? Just pointing out that we did ‘another’ square out on Friday. This one, as they usually are, was perfect. Math is below on the chart. I plan on just going w/ a Signal Reversal Candle – if going short the LOW […]
JPM update
Posted on November 19, 2016 2 Comments
11/19/2016 – update to JPM. the pattern in/around the 60’s caused quite the chop fest but was, ultimately, defeated. now, since the election, JPM has vaulted out of the gate into the ‘big AB=CD’ and extension area … because of such a big candle coming into this level, it begs of caution if trying to […]
Dollar Index since the Plaza Accord …room to run, BUT (?)
Posted on November 19, 2016 Leave a Comment
11/19/2016 – if you want to follow the Dollar posts, just search dollar on the top right area of the blog. the overall thesis, which has proven to be correct so far, was the dollar was going to strengthen all the way from the low 70’s. it’s been a nice run … is there higher […]
Emerging Markets Sovereign Debt ETF PCY
Posted on November 15, 2016 Leave a Comment
folks, so I was asked to take a look at this ETF. I had never looked at it before … but man, what a gorgeous sell pattern. This one worked….looks like the banking index sell signal. some work some don’t – use a stop. anyway, here’s the PCY Sovereign Debt ETF .. the weekly shows […]
Housing … just keep your head in the sand OR are the clouds forming? UPDATE
Posted on November 14, 2016 Leave a Comment
11/14/2016 – since the Election, the XHB ETF has taken off like a rocket ship. You can see below that it hit the .618 retracement from the Spring low of 16′. Upper targets are being shown in around 34-35. were still working w/ the thesis that the 39 level was the completion of a major […]
