Archives
Ratio Analysis – October 21, 2023
Posted on October 21, 2024 2 Comments
Need to get thru topside resistance for they YEN and about 2-3% higher we have big resistance …
The Markets – March 24, 2024
Posted on March 24, 2024 1 Comment
The NYSE Index HIT the square out at 18, 059 and reacted very very minimally (which surprised me to be honest) and is walking up the wall of worry. Today that level is at 18,070. As you can see above, we have not CLOSED ABOVE the 1:1 trend line from the all time low and […]
Banks/Financials – January 7, 20224
Posted on January 7, 2024 Leave a Comment
Last post on Banks/Financials: https://atomic-temporary-44460632.wpcomstaging.com/2023/12/04/banks-financials-december-4-2023/ Update … If you’re a BULL you want these patterns to FAIL. If you’re a BEAR you want them to WORK. Banks/Financials lead us UP and they lead us DOWN. Decision time Banks/Financials … Also, take a look at XLF … completed, not only a Gartley SELL but it also […]
Banks/Financials – December 4, 2023
Posted on December 4, 2023 1 Comment
It’s all PATTERNS – at least for me. Here are three VERY NICE SELL Patterns across 3 securities that represent a majority of the banks/financials that are out there. The PATTERNS are saying sell and, if you look at XLF below, the PATTERNS are only 2-4% away so it’s not that inconceivable that they could […]
Banks/Financials – July 27, 2023
Posted on July 27, 2023 Leave a Comment
Saw the gap up today – pretty darn impressive – so I immediately went to the XLF and “figured” that it would have gapped up w/ everyone else and blew over the .786 retracement and off to the races. IT DID NOT. Hmmmmm Because of that, I cruised around JNK, XLF, $BKX and KRE and […]
XLF – July 13, 2023 !
Posted on July 13, 2023 Leave a Comment
Well folks, we are at a pretty big fork in the road. The SELL PATTERN on the SPX is “close” and pretty much hit and then the XLF went up and tagged the lower end of the sell zone … gapped up and then closed at the lower end. One can see a couple small […]
Island Reversals
Posted on July 6, 2023 Leave a Comment
I’ve been watching the financials, junk bonds and other important stocks …depending on the closes today. Here’s some important island reversals … WATCH THE CLOSE:
XLF – Financials – July 01, 2023
Posted on July 1, 2023 1 Comment
Trust that everyone enjoys the long weekend enjoying the Birth of our Republic. Question, when is the last time you hear a politician refer to the United States as a Constitutional Republic? I pledge allegiance to the flag of the United States of America and to the _______ Republic or Democracy for which it stands? […]
JPM – May 21, 2023
Posted on May 21, 2023 1 Comment
This is a long term monthly count from JPM that stretches back 50+ years. Folks, certainly doesn’t “feel” like a 5 wave move in JPM is complete but the count doesn’t break any rules so … 5 waves complete? Here’s the daily chart below – calling attention to the island reversals and the island reversals […]
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