Archives
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 […]
KRE Regional Banks ETF – May 12, 2023
Posted on May 12, 2023 Leave a Comment
Last post on KRE: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/30/kre-regional-banks-etf-april-30-2023/ Supposedly … who knows what is true these days .. 1000’s of banks are underwater. OK … whatever. Here’s when we look at the CHART and we ask should we BUY or SELL or DO NOTHING. KRE sliced thru the first “potential support” and now we approach, what I think, […]
JPM – May 04, 2023
Posted on May 4, 2023 2 Comments
Pay attention to this PATTERN on JPM daily. The past 3 major tops have gapped down and the last two have created island reversals. IF (the BIG IF) we gap down today and leave and “island” then this could be very troubling for the banks and, historically, has led to a pretty big down move […]
Banking Index – April 24, 2023
Posted on April 24, 2023 1 Comment
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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