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Banking Index – April 24, 2023

Last post on the Banking Index: https://wordpress.com/post/bartscharts.com/21122 Well, guess you can say “here we go” or “lets get it on” (cue UFC John McCarthy) … Banking index has complete the ABCD from the low and the “scary” times … it’s all good, correct? Well, guess we will just have to wait and see. Next stop: […]

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Banks – March 13, 2023 (updated)

Last post on the Banks: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/09/banking-index-march-09-2023-update/ So here’s the deal folks, I had NO IDEA that there was a banking crisis brewing when I put the GART SELL on the banks – it’s just a pattern. And, guess what, I’m trying NOT to pay attention to the ongoing machinations of the Federal Reserve, or some […]

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Banking Index – March 09, 2023 (UPDATE)

Last post on the Banking Index: https://atomic-temporary-44460632.wpcomstaging.com/2023/01/31/banking-index-january-31-2023/ Here is the Banking Index PATTERN that we needed to watch and monitor. Folks, banks are everything. PERIOD. They lead us UP and they lead us DOWN. Something isn’t right at the circle K. All things being equal, the wave that started today needs to finish 5 waves […]

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Financials – it’s pretty much all that matters – right now

they lead us UP and they lead us DOWN. the banks, financials … it’s that simple. that being said, the move since March 2020 has been strong and straight up .. kaboom that’s a face ripper higher and, frankly, caught me off guard. why? well … the ZIRP, the multiple trillions (yes I just typed […]

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Goldman Sachs

well, look at this …. this a MONTHLY BUTTERFLY SELL signal on GS. Target zone is 360-376. Since it’s so large would WAIT for a signal reversal candle before entering a short …the AB=CD is at 360 (bottom range of the zone)

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the EUROZONE the P I G S and the ECB

CLIFF NOTES: the yields on the Italian and Spanish bonds had a big jump last week. The question is – will the ECM support the bonds?  These are price swings that must be watched closely.  I honestly don’t know IF (the BIG IF) the ECB can support the market but it must be watched. I’ve […]

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