Bart's Charts

$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 out this chart of $FAZ. It’s an inverse of the banking index and leveraged, big time. Also note in 2008 the price was 160,000.

so we have something very interesting occurring. we need to let the market come to us and show us what it wants to do … see the RSI? IF the banks are in trouble THEN the market will shift and attack the higher bullish rsi resistance zone around 80-90. If they are “ok” – for now – then we should find stiff resistance and the trend resumes. so, watch this closely because IF we go up and tag the upper zone, then we are in a “bull market” and the banks are going to get smoked …

stay tuned …

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, yet.

still one of the most important charts out there ….

Posted on January 24, 2016 Leave a Comment

Mastercard 5 waves up complete?

Posted on January 24, 2016 Leave a Comment

Mastercard – what a great business model. you swipe the card and they get paid ..nice.

that being said, sure looks like 5 waves complete w/ monster bearish divergence. note the blue median line. price has not closed below that on a monthly basis, if we do get that close, then this could accelerate to the downside.

also, thru some geometry on there … when using arcs, the 3 o’clock position is a time component and the top of the circle is price. see how the “time” component nailed the low? that gives you a heads up that the price (top of the circle) should be stiff resistance.

B

XLE

Posted on January 24, 2016 Leave a Comment

XLE ratio analysis worked well, this time

Posted on January 23, 2016 Leave a Comment

1/23/2016 – wanted to show these charts again. they are all ratio analysis of XLE (energy) versus the major components of the S&P. Ratio analysis w/ pattern recognition is very powerful.

all of these patterns hit, oil moved down to the 25-27 area, the OSX/NYA ratio worked and Oil popped and the Loonie got 500+ pips in two days.

not sure, honestly, if we have a trend change BUT it does appear that the energy sector has a trade worth bottom in place.

Bart

am looking at the relative strength of the XLE versus components of the S&P that make up more than 10% of the S&P.

sure looks like the RELATIVE STRENGTH of XLE is about to start outperforming the larger components of the S&P based on patterns.

of course, the patterns can always fail and the drift of the energy sector into oblivion continues .. patterns suggest a pause, bounce or strong up move coming.

means to keep on the lookout for that LOONIE buy ….