UNH – December 19, 2024
Posted on December 19, 2024 Leave a Comment
Last post on UNH: https://atomic-temporary-44460632.wpcomstaging.com/2023/07/12/unh-united-health-care-july-12-2023/
Thanks for the ping Vick … a long time subscriber popped a note about UNH.
Charts below will show what appears to be a pretty broken stock. That being said, a pretty good level around the .382 percent level ‘should’ present support.
Last, take a peak at the first chart – I had not remembered using the percentage measured moves so I was messing around and 1.27 and 1.618 are the percentage extensions CAUSING THE HIGH and the SUPPORT ZONE. So, I’m just asking … what the heck is going on here … 😉
Bart
Markets – December 17, 2024
Posted on December 17, 2024 2 Comments
Folks, next set of targets, across the board, are here … the prior pattern targets all failed so who knows what is going to happen next. It’s just patterns folks.
CAUTION certainly warranted here …maybe take profits w/ a weekly/monthly signal reversal candle?
Homebuilders – May 12, 2026
This was an original post from almost 16 months ago – December 13, 2024. Wow, it has taken a while .. now, the news is all about the housing markets. What a lag … anyway, we have a near perfect BUY pattern on the Homebuilders ETF XHB so IF the homebuilders fail at this level then, its probable we have a housing correction coming.
See how patterns work … ?
Homebuilders – December 13, 2024
First, happy birthday to my wife …! She’s the bomb!
Second, certainly looks like the XHB has topped or is topping for now …
Got into a little trance doing this one …
12/12/2024 – a portal?
Posted on December 12, 2024 Leave a Comment
I think, or not, that all of you who follow this blog sense/feel that “something” is amiss.
I just had a 3 hour dinner w/ an amazing friend and mentor, Chuck … we just flowed and talked and talked, it was awesome.
Ultimately, FLOW is what it’s all about ….last night and today I flowed w/ the Homebuilders Index.
We have TOPPED or need one more push higher …above the levels shown and, I will get out the eraser and try again … this one is looking like tasty cakes.
XLP / NYA – December 4, 2024
Posted on December 4, 2024 Leave a Comment
We’ve discussed the ratio many times …
It hit a VERY nice PRICE AND TIME target and rallied nicely. Recently, as the stock market continues its relentless advance, it has pulled back as expected.
Now, we are close to VERY important support for the ratio … IF we find support and the ratio starts back up THEN we are in the beginning phases of the “risk on” phase as staples start to outperform, on a relative strength basis….
Pay attention … also, note the ‘basic’ static time cycle component …
Bitcoin – November 25, 2024
Posted on November 25, 2024 1 Comment
Last post on Bitcoin: https://atomic-temporary-44460632.wpcomstaging.com/2024/10/29/bitcoin-october-29-2024/
The chart above was from about a month ago as it was pretty evident that Bitcoin was about to take off … and, boy did it!
It blew thru the ‘first test’ which was the ABCD and then it slammed into the first ‘potential target’ around 98-100.
What’s interesting – and not that we can make it a 1:1 correlation is MSTR. Microstrategy …
Slammed right into a ‘perfect’ 1.618 extension along w/ near perfect percentage measured moves. I totally blew it doing the measured moves and did NOT do the percentage measured moves and, that brought us to a target of around 420. If I used the percentage measured move – near perfect slamming into a 1.618 extension.
Folks, IF my count is right AND MSTR is down 25% in a few days then, perhaps we have hit some strong resistance for the Coin.
Ratio Analysis – November 15, 2024
Posted on November 15, 2024 Leave a Comment
For the market (US Equities) to continue higher, it will need to break the support level on the XLP/NYA.
Take note – it’s a PERFECT TIME AND PRICE correction equal to the last ‘largest’ corrective move.
As long as this holds, expect downside pressure on the equity market.
Trump vs Russia – November 5, 2024
Posted on November 5, 2024 Leave a Comment
Looks like Russia is ‘stronger’ than DJT.
Interesting, no doubt …
Bitcoin – October 29, 2024
Posted on October 29, 2024 1 Comment
Last post on Bitcoin: https://atomic-temporary-44460632.wpcomstaging.com/2024/09/04/bitcoin-and-mstr-sept-4-2024/
Well, looks like the BIG SUPPORT held for Bitcoin and off we go to the long awaited targets it will pick …
My golf game these days is pretty off (non-existent) but do wish I would get out there and wack them around w/ my son. Maybe this weekend …the BIG swell that we had hoped for turned into a ‘storm/wind swell’ so was able to play a bunch Sunday but the rest of this week has been in the tubes …perhaps later in the week? The summer/autumn w/out waves in San Diego. A prolonged South Swell ..up North they’ve been fine, but down here – meh at best!
Anyway – here’s the updated chart. This one is going to be interesting …and folks, let me remind you, I’m not a BEAR or any of that w/ the el coino. Nope, it’s looking pretty good that it’s completing 5 long term waves in the coming weeks/months at , perhaps, the targets ID’d. The key – that could JUST be wave I …
So, if you have taken the ride on Bitcoin in the UPS and DOWNS congratulations you are back to making money ….! As for me, I rode Wave III up and then closed it out near the top and closed my account and never looked back.
The first target is an ABCD w/ the extensions and the parallel trend line of EWT. SHOULD be pretty good resistance. Let’s wait and see …
JETS – October 26, 2024
Posted on October 26, 2024 Leave a Comment
This is a VERY nice sell pattern on the ETF, JETS.
I went into some of the holdings and this is one that will be very interesting to watch. Sometimes, the ETF of a sector will show a PATTERN and then all the stocks under that ETF will show the same sort of pattern … we develop a nice roadmap.
In this case – the lower weighted are actually showing some bullish signs and the heavier weighted are showing some bearish signs.
It’s a mixed bag …
IF my count is correct on FRONTIER HOLDINGS this stock might be ready to run … believe it or not.
Trade what you SEE and not what you BELIEVE. Work in progress for all of us …
Note, this is a VERY nice resistance are below on UAL. However, we must be cautious of the BIG CANDLE that is pushing prices into this level. That is when we step aside and look to see what the PATTERN level will or won’t do …
The reason I’m interested in the ‘transportation’ sector is because of this BIG ABCD on the DJ Transportation Index. Is this BIG MONTHLY PATTERN going to fail …?
In order to see ‘how’ the JETS are doing from a relative strength comparison to the entire DJ transportation index – I’ve plotted JETS/TRANSPORTATION. Interestingly, we are right at an ABCD on the ratio. If this SELL PATTERN fails then, it might be time (and I’m having a REALLY tough time typing this …) to BUY the airlines?
Man, I might be in an alternate reality … look for a DEFINITIVE CLOSE above the ratio SELL PATTERN before jumping into this one …
Bart's Charts 