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I’m watching 4 things …
Posted on February 6, 2015 Leave a Comment
PATTERNS on the ES, $NYA, Banking Index and Yen to tell me if we break out to new highs. Banks are rolling. That’s bullish – get thru level shown then we should surge higher Yen, after an entire 6 weeks of doing nothing – EXPLODED. 119.80 line in the sand ES “basic” AB=CD complete. NYA […]
Continuing to watch the components (>10%) of the S&P 500 – an update
Posted on June 7, 2014 Leave a Comment
CLIFF NOTES: the biggest development of this past week was the CLOSE above our pattern level on the XLF. It is my belief, and history has shown, that the banks LEAD us UP and LEAD us DOWN. As long as the banks are stable, this market will continue it’s “Wizard of Oz’s” climb …also, my […]
CTRL-ALT-DELETE. The S&P 500 sectors, AGAIN
Posted on May 31, 2014 3 Comments
CLIFF NOTES: the “chart of my lifetime” is still just that – an amazing chart of, quite frankly, my lifetime. I think it’s safe to say that the pattern from genesis of the Dow Jones Transports has been defeated. A pattern that took 45,000 days (+) to form and complete. Again, please, let that sink […]
the EUROZONE the P I G S and the ECB
Posted on May 20, 2014 Leave a Comment
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 […]
Chart of the Day … the BEARISH PATTERN completing on XLF
Posted on March 5, 2014 Leave a Comment
CLIFF NOTE: the classic AB=CD sell pattern is complete on the XLF. my last post on XLF depicting this pattern: https://bartscharts.com/2013/09/14/part-ii-the-sp-500-and-too-big-to-fail/ it’s all probability and, quite frankly, the probability certainly appears to be in the favor of the bulls … so, the financials “broke out” and, as a PURE pattern recognition chartist they broke out right […]
going thru the heavy weights that make up the S&P …
Posted on February 2, 2014 Leave a Comment
in Mid-December 2013 we went thru the top weighted (by percentage) sectors in the S&P after the most re-weighting … at the time, most of them were either finishing or approaching or hitting sell patterns. As of this writing, the patterns have held w/ no significant failures or break-outs. this is bearish … only time […]
remove bias, trade what you SEE – JP Morgan
Posted on December 31, 2013 Leave a Comment
does ANYONE remember the EMOTIONS of March 2009? do you think ANYONE in their right mind would recommend a BUY on the XLF in MAR 2009? well, just as a reminder here it is … why am I pulling this thread right now? well, the past couple days I have received some very convincing emails […]
the importance of the recent reweight in the S&P 500
Posted on December 21, 2013 1 Comment
yesterday was a quarterly option expiration AND an important S&P reweighing .. our last post at the sectors of the S&P 500 were dominated by technology, energy and financials … that changed, pretty substantially. now, hot of the presses the sectors are: information technology 18% : using VGT as a proxy. see chart below. SELL […]
follow up to Part II w/ Led Zeppelin “your time is going to come”
Posted on November 10, 2013 Leave a Comment
last post on the banks: https://bartscharts.com/2013/09/14/part-ii-the-sp-500-and-too-big-to-fail/ You Tube link to Led Zeppelin: http://www.youtube.com/watch?v=fssblRRCgmg updated chart .. certainly looks like the banks “time is going to come – soon or now”
Part 2 of Part 1-V on the S&P
Posted on October 20, 2013 Leave a Comment
Part 1 was a look around the world at different equity indices based on ETF’s: https://bartscharts.com/2013/09/14/part-1-the-sp-500-but-first-we-need-to-go-around-the-world/ of note is the Global Equity ETF (ACWI) and the SELL pattern that is appearing as we showed in our last “around the world” update shown below. Overall, nothing to crazy but the analysis appears to have been correct. […]
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