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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 – September 2, 2024
Posted on September 2, 2024 Leave a Comment
This upcoming week is a big week from a cycles perspective. Not as clear cut as it was in Mid-July but STILL a time for caution. WATCH THE YEN.
KRE – April 20, 2024
Posted on April 20, 2024 Leave a Comment
Last post on KRE: https://atomic-temporary-44460632.wpcomstaging.com/2024/02/18/kre-february-18-2024/ Since the top in KRE around 77 EVERY down move swing has been equal to or close to the “read measured move arrow.” I added volume tonight because I wanted to see if we had a BIG volume spike accompanying the pretty bullish engulfing candle (daily) that occurred on Friday. […]
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 […]
KRE – February 18, 2024
Posted on February 18, 2024 1 Comment
Here is an intraday look (30 minute) chart of KRE. A “near perfect” sell pattern has formed .. ideally, we would like the KRE to make a move up into the short zone. Remember, IF this pattern fails (say that is a close (daily) above 62) then, I do imagine this will cause some fuel […]
THIS is important – February 4, 2024
Posted on February 4, 2024 1 Comment
Banks lead us UP and Banks lead us down. https://www.cnn.com/2024/01/26/investing/premarket-stocks-trading-regional-banks/index.html True, we have ‘some’ indexes making new highs but we also have some well below there highs in 2023. Market appears fractured … Until Junk Bonds and the Financials really break out … I’m very cautious. According to EWT and the WSJ of the 11 […]
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 […]
Bart's Charts 