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XLP / $NYA need upper target to be hit AND a sign of accumulation …
Posted on February 6, 2016 Leave a Comment
note – we are forming a “doji” candlestick pattern – “uncertainty” on a monthly basis, yet the higher target remains a little higher. broke out of two monthly trend lines and have paused RSI approaching extreme overbought levels of the 2008-2009 panic. UNTIL WE HIT THE UPPER TARGET – FOR ME – we are in […]
the next move in $TLT is “probably” DOWN …
Posted on February 1, 2016 Leave a Comment
folks, it’s ALL probability and as a pattern recognition trader that’s all you worry about. When a pattern appears it’s simply a probability it’s going to work OR not … that simple. so, take a look at TLT … first note – we have a very clear 5 waves down. that’s either the beginning of […]
$TSLA
Posted on February 1, 2016 1 Comment
so from my fellow geek technician JC he always loves the “from failed breakdowns/ breakouts come strong moves” well here is a possible set up. as a PATTERN guy what I have found is – totally technical – there is a reason for the market to stop at resistance or support. in this case for […]
$PCLN update 2/1/16
Posted on February 1, 2016 Leave a Comment
02/01/2016 as you can see below, the light blue trend line below was taken out. now we are approaching major support as shown by the polarity principle. some bid thrust/candles going into this level so this will be a key test in the coming days/weeks. if we lose this level, then expect 1.27 level […]
WMT – into the high 60’s?
Posted on January 30, 2016 3 Comments
1/30/2016 – WMT propelling higher. 68 or 72 potential targets, or quite frankly, new highs? too early to tell but it has been extremely bullish. if you want to follow along – scroll down to the bottom where we show patterns into the HIGH and then use geometry and patterns to find the 55-56 […]
my favorite ratio is still warning to stay defensive, for now ….
Posted on January 30, 2016 Leave a Comment
1/30/2016 – the market has rallied nicely off the most recent lows. HOWEVER, I’m getting into “correction over” or “bull trend resumes” until this target shown below (updated) is hit and then we get a weekly signal reversal candle. Take note – when the overall market is going UP this ratio should be going down. […]
$ABX “should” give 13 bucks a try …
Posted on January 30, 2016 Leave a Comment
here’s a link to the $ABX work that has been done: https://bartscharts.com//?s=ABX Bart
$FAZ … let’s get ready to rumble
Posted on January 25, 2016 Leave a Comment
Just did an update for Andy and the people over @seeitmarket on this post: http://www.seeitmarket.com/bank-stocks-near-make-break-point-2015-13986/ It was the first week of January 2015. Yep, over a year ago … So, it appears the press still isn’t paying attention to them … $DB is getting smoked and looks like LEH before it went off the cliff. check […]
Loonie … an update
Posted on January 25, 2016 Leave a Comment
the loonie fell 700+ pips in 3 days. that’s a big move in the currency markets .. so, where are we now .. appears we are in a rally that needs to get shorted (LOONIE strength) here’s the charts I’m using …some really strong levels on the $OSX. not sure which one will be hit, […]
