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Dollar and Stocks – March 22, 2023
Posted on March 21, 2023 2 Comments
Today, monitor and watch – CLOSELY the BUY PATTERN on the US Dollar Index. That level is in/around 102.50-102.70. As you can see below, I have INVERTED the NYSE Index to give a flavor for the pivots in the equities and how they correspond to the US Dollar. From the perspective of the S&P 500, […]
Ratio showing us something …or not?
Posted on December 13, 2021 Leave a Comment
well, we have a DAILY breakout above the channel that has been defining the ratio for pretty much all of 2021. is this a valid breakout or a gotcha? I’ll make an educated guess once we close this week out … looking for a WEEKLY close above the top of the channel w/ strength. will […]
so … who is eating who?
Posted on October 19, 2021 1 Comment
last post on current market conditions: https://atomic-temporary-44460632.wpcomstaging.com/2021/10/17/sometimes-you-eat-the-bar-and-sometimes-it-eats-you/ if your someone trying to get short – sure looks like the bar is eating you …if your trying or are long looks like you are eating the bar … man, this is interesting. 1/ as a PATTERN recognition expert I can say that the PATTERNS for selling […]
Sometimes you eat the bar and sometimes it eats you …
Posted on October 17, 2021 1 Comment
love that saying from the Big Lebowski … what a great movie. so, here we go folks .. I’ve just ran thru the DJIA, NASDAQ and S&P 500 and ALL have sell patterns. what does that mean? well, nothing … right? it’s all probability … but, that’s what we play, probability …so, we have Gartley […]
Important Correlation
Posted on August 22, 2021 1 Comment
chart below has Palladium w/ the NYSE Index overlaid on top. the candles are Palladium and the blue line is the NYSE Index ($NYA) note, currently, Palladium is correcting pretty steeply … in the past, this has led to the overall stock market to correct also. is this time different?
XLP/NYA at it again …
Posted on May 13, 2021 1 Comment
the ratio at it again … last post on XLP/ NYA: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/05/xlp-nya-our-favorite-ratio-and-a-twist/ today, the ratio went and smacked right into an hourly pattern SELL (yellow highlight) and a 15 minute butterfly sell (light blue) … when the ratio goes DOWN the market goes UP. pattern hit perfectly and the rally ensued … now, it’s time […]
XLP/$NYA – our favorite ratio and a twist…
Posted on May 5, 2021 2 Comments
you realize I watch the XLP/NYA ratio – a lot – and one of the things that I never did till today is look at the “time” component of the first leg down from the XLP inception. today I did and that “time” component aligns nicely w/ a “May” timeframe to really be on the […]
the ratio (XLP/NYA) is the ONLY thing I’m watching w/ regard to equities …
Posted on March 21, 2021 Leave a Comment
I’ve been monitoring the ratio, daily, for a while as I really wanted the ratio to go down into the “major support” area as I could then feel probability was on my side to take a crack at shorting the market. yes, shorting the market … if you’ve been reading my blog for a while […]
XLP/$NYA update
Posted on November 30, 2020 Leave a Comment
you can go to any financial site and check out “why” the equities sold off today … it could be any number of reasons. at the end of last week, we had a double 3 drives to a top pattern w/ timing that said “monday” is important … to me, it is as simple as […]
Banks – where are they?
Posted on September 9, 2020 Leave a Comment
there is an old adage – the banks lead you up and lead you down. the market has blasted to old all time highs or thru them and the banks…? well, they rallied a little but have not shown the strength of the overall market, especially technology. let’s keep a close eye on them over […]
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