the FANG GANG- where are we now

11/5/2016 – I really enjoying blogging for Andy @seeitmarket.  he’s such a great dude, great family and he’s created one of the best resources for quality and professional research.  Over the past year or so (yes, year or so) he’s given me the opportunity to blog/write for his site.  Every once in a while I’ll text him and say “what do you want” and he’ll give me some ideas.  Over a year ago he told me to start watching the FANG gang. So, I did …

F- Facebook

A – Amazon, Apple (you pick)

N- Netflix

G- Google

over the past couple months, these stocks have been responsible for 25% of the NASDAQ’s gain.  That’s a heck of a lot of exposure ….but, in the end, the geometry told the story.  here’s the story …

Facebook: http://www.seeitmarket.com/facebook-stock-update-fb-big-moving-coming-soon-16078/

Amazon – http://www.seeitmarket.com/shares-amazon-amzn-nearing-top-trading-15950/

Apple – http://www.seeitmarket.com/aapl-stock-update-heres-bullish-aapl-buy-setup-15618/

Netflix – http://www.seeitmarket.com/netflix-reverses-could-icahns-move-mark-nflx-stock-top-14506/ (note, this one went to a 1.27 x AB-CD pattern)

Google – http://www.seeitmarket.com/alphabet-stock-googl-critical-time-price-juncture-investing-16218/

what the articles show is these stocks are hitting / have hit MAJOR targets and, well, believe it or not could be in for some very very turbulent times in the coming weeks/months.

Stay tuned, but if history is any guide, one would expect some clear leadership from these names but they have hit major patterns and square outs SO … not sure what the fundamentals are telling us but based on this past weeks action they appear to respecting the geometry/vibration/patterns present based, simply, on numbers and math and music and blah blah blah.

stay tuned and let me know if you have any questions.

Navy over Notre Dame – woot woot.

Bart

the origin of trend lines …Facebook

IF you believe that EVERY thing is vibration (some do, some don’t) THEN you might believe that stocks bounce around according to the energy they VIBRATE from their IPO and/or key inflection points (highs and lows, etc).

IF you also believe that the PATTERNS I post every now and then are governed by geometry THEN you’ll start to see and understand that the most “basic” yet fundamentally important aspect of what we are doing is based on 30,60,90 degree angles.

FAR too often we just use TIME or just PRICE and draw trend lines or “static” time cycles w/ a cycle tool.  Does that work? Sometimes yes, sometimes no BUT the key here is to SEE the chart (HINT HINT take off all the lagging indicator bullshit) and just look/study a chart based on PRICE and TIME.

FB .. has changed the world man.  Cool .. but to me, it’s just a chart and a powerful chart.  ZERO swing low has been broken (on close) and I recently sent in my submission to Andy @seeitmarket for an update of a post I did using LOG trendlines and to BUY at 88.  I’m updating it because we are “converging” from the top and bottom (LOG scale) and it’s going to go either way. (Guess what, I don’t claim to know which way..)  But, it’s something to take notice …I’ll send the link once it hits the presses.

So, after doing that post I decided to draw some pictures before heading out on my new Stand Up Paddleboard.

  1. Find the KEY first initial impulse move (up or down)
    1. that key impulse move will define the geometry of ALL moves in the future. It’s the rock hitting the water and causes the waves ….
  2. Use a drawing tool and connect the highs and lows
  3. Get out a protractor and draw a 90 degree angle.

That’s it .. now, simply create squares.

***NOTE: FB has “never” closed (weekly basis) above the center trend line (the median and YES that is where we get the Adam’s Pitchfork). Note the blue boxes … every time it “touched” the center trend line it was rejected …NEVER closing above.

Now, someone w/ a fundamental background please tell me what P/E, multiple, forward earnings and all that other crap has to do w/ that trendline generated from a square?

One last, if you want, use PLANETS to draw trend lines.  Yes, planets .. folks, the planets are causing all the energy/vibrations anyway. they NEVER change speed (heliocentric) and leave footprints all over the place.  I’ll use Saturn, Jupiter and Mercury on $CMG and lets see what happens.  PROMISE I HAVE NEVER DONE THIS BEFORE …here’s what I am going to do:

  • CMG IPO DATE: January 26, 2006
  • MOVE SATURN, JUPITER, MARS 10 degrees HELIO and MOVE PRICE 10 degrees up. Where they intersect, draw a trendline.
    • from the IPO you can use the “O/H/L/C” to draw the trendlines.
  • Turn on Dark Side of the Moon
  • See what happens

Bart

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go ahead and hate … CSCO appears ready to breakout and outperform

03/14/2016 – update

the move down to 16 did not materialize but do believe the Mirror Image Foldback is still working. Put this one on the radar screen as it appears to be getting ready to blow. An update chart below:

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PUT THIS ONE ON THE RADAR SCREEN ….

now, look at these relative strength charts of CSCO vs FB/GOOGL/AAPL/AMZN

Page_16-03-14_22-14-58 Page_16-03-14_22-16-43 Page_16-03-14_22-20-48 Page_16-03-14_22-25-49

believe it or not … the glamour names certainly look to be under pressure from CSCO and it “should” start to outperform on a relative strength basis. With this type of underlying strength, watch for the breakout noted above.

Let me know if you have any questions.

B



 

 

a move down to 16 would be a NICE place to BUY for a potential foldback as shown ...KABOOM (?)
a move down to 16 would be a NICE place to BUY for a potential foldback as shown …KABOOM (?)

$FB post earnings ..

Here’s the chart that I quickly uploaded to StockTwits from my e-signal feed BEFORE $FB announced earnings. (by the way, Howard, AWESOME functionality .. so easy to use and to do. NICE)

now, I know I’m going to get tons of hate mail tonight … look, I get that they had an AMAZING earnings release.  but, work w/ me, I understand none of that … honestly, I really don’t understand it.  I’ve work my way thru the market as  pure play pattern recognition dude.  sometimes I’m right, sometimes I’m wrong BUT ALWAYS know where the pattern has failed.

you can see the PATTERN called for $FB to tag 108-110.  Guess what? It did! And?

  • ab=cd in price and time (this is a sell pattern)
  • butterfly sell pattern (this is bearish)
  • potential island reversal (this is bearish)
  • shooting star daily candle formation (this is bearish)

now for the IF-THEN .. IF we break (daily close below 104 THEN this could be a big top for $FB.

CONCLUSION: sell patterns are complete.  IF FB continues higher w/ thrust and momentum then it is extremely BULLISH.  But, if we start selling off … then might look to take some profits based on your risk tolerance.

OK, I just ducked at all of the hate objects that were thrown my way … calling it like I SEE it and not believe it ….

cheers!

Bart

FB before earnings ...
FB before earnings …
FB post earnings ... sell patterns are complete.
FB post earnings … sell patterns are complete.

 

FB updated …

here’s post from September 2013 showing BUY recommendation on FB in/around 16-18.

FACEBOOK ….

here’s a look at the high flyers w/ FB included … “this stock is going to get smoked” was pre-mature but do believe the RED ARROW is where it’s going.  Correction should take it down to HIGH of IPO price around 42  bucks.

http://bartscharts.com/wp-content/uploads/2013/12/main20131230153946.png

where are we now …? Sure looks like a nice 5 wave advance occurring.  So, it’s just a matter of time before it cracks….

Main20140215155529

3 drives to a top?
3 drives to a top?

THANKS for the question … would be looking for TOPPING areas in/around now to the 72 level as it does appear we have finished a 5 waves sequence.  Bullish trend to continue w/ support found in/around 54-60.

Hope this helps …

Bart

A look at the high flyers in 2014 – all lower significantly!

I am neither bearish nor bullish.  I am a pattern recognition trader that puts everything into the context of human behavior.  the rally from 2009 is so over stretched that 2014 will bring, potentially, a down side move of enormous proportions.  There I have said it …simply based on the MONTHLY (read long term) SELL PATTERNS present this is going to be a THUMP.  If the PATTERNS FAIL (which they do, obviously) then the band will play on … I just don’t see it happening and, quite frankly, i am alone in my thinking.

The bullishness present RIGHT NOW is the most extreme it’s been in the history of the stock market …do you want me to type it again?  Here’s a look at the high flyers and, again, I think they will all be lower, significantly.  Hope I’m wrong…

GOOG: note the same pattern and measured move that is present.  Tried at/around 925 and got my clock cleaned.  in prove it mode now … but sure looks done.

AMZN: a 5 wave count is present and I was looking for a top lower, but got run over by the euphoria present in the market.  this doesn’t change the count, it’s just going to hurt that much more …

PCLN: again, a clear 5 wave count present and a high flyer of AMAZING proportions .. perhaps a little higher to targets shown?  but 5th wave is weakening.

TSLA: bounce occurred as expected .. believe it will start, in earnest once the new year rolls around.

TWTR: bouncing today, but possible count complete.  believe this stock is going to get smoked

FB: unorthodox count but one that makes sense .. basically, this entire move has been a corrective expanded flat and FB will go to single digits.

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