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Banks – March 26, 2023
Posted on March 26, 2023 Leave a Comment
Last post on the banks: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/13/banks-march-13-2023-updated/ Folks … can’t objectively say what “it” is but something is afoot at the circle K … Whatever it is or isn’t we do have a pretty good line in the sand. The chart above is “log scale” … take a look at: Let’s call that level our line […]
Banks – March 13, 2023 (updated)
Posted on March 13, 2023 3 Comments
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 […]
Goldman Sachs – March 11, 2023
Posted on March 11, 2023 Leave a Comment
Very important support comes in for GS a little lower in/around the 320’s and then 300’s. We lose those levels then expect GS to breathe down to a VERY NICE BUY PATTERN from 243-247. That buy PATTERN is a classic. ABCD, .618 retrace, 1.27 extension and then the “crossover” structure .. dare I say, it’s […]
Banking Index – March 09, 2023 (UPDATE)
Posted on March 9, 2023 1 Comment
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 […]
Banking Index – January 31, 2023
Posted on January 31, 2023 2 Comments
I’ve blogged this before and I’ll blog this again – banks lead us UP and they lead us DOWN. Below you can see a “pretty clear” 5 wave count UP in the Banking Index from the 2009 lows. We do have a slight overlap of Wave 4 and Wave 1 but I’m going to go […]
XLP / NYSE Index Updated
Posted on November 7, 2021 Leave a Comment
would still like the ratio to get down to the “major support zone” to get a real feel for the continued bull run. also, continue to watch Banking Index.
Goldman Sachs
Posted on October 17, 2021 Leave a Comment
we had a VERY nice pattern coming in around the 370’s and it’s basically failed. as you can see the high was a 1.27*ab=cd but w/ this strength thru the lower pattern that failed, would WAIT for a daily close below 372 before putting any type of short out there … w/ the strength in […]
Financials – it’s pretty much all that matters – right now
Posted on August 15, 2021 Leave a Comment
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 […]
Banks – HUGE support
Posted on September 22, 2020 Leave a Comment
Banks are very important to the overall health of the market … key support approaching! monitor closely …
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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