Russian stock Market in dollar terms has suffered unspeakable losses. Let's break it down. Since 2008 (15 years ago) down -60% Since 2011 (12 years ago) down -50% Since 2021 (2 years ago) down -45% Anyone who bought Russia since 2005 has not only lost in nominal price but has also suffered massive losses against inflation. More info. I wrote here USDRUB...
After 50 long years of rising and holding this trendline, it has finally broken this week. This CRACK is a WARNING to all the ABT Bulls.
Cryptos have been a complete disaster as the chart shows. We have a massive H&S at a top A huge bear Flag A structure forming below a bigger structure Price actions violating the bottom trendline like its nothing but going nowhere. The chart is screaming a big warning to all the bulls out there. CAUTION!
IPO used to be such a hot ETF to own for the "Buy The Dippers" The perma bulls couldn't wait for more stock to come to market. As is always the case Euphoria eventually fades and reality hits hard. This chart is a great example of how greed and fear paint themselves on a chart. Anyway, yet another bearish structure in this chart is CRACKING a key area issuing a WARNING!
While we love Shake Shack The stock market right now is not. it topped out with a H&S that broke followed by a Head test that failed. Now it is breaking a key area of a bigger structure which is bad JUJU for bulls. CAUTION!
No one should be even looking at CHR unless it has a clear breakout, a correction that looks bullish, and then cracks higher. Only then should anyone even consider allocating money to this chart. There is literally nothing bullish about this chart. if you see bullishness in this chart your trading career will be very short.
Once again we see the same repeatable pattern play out over and over and over again as per my BKC (Bare-Knuckle Charting) method. First, you get the warning when it Cracks, has one more up (not always) into an M pattern, and then the entire structure collapses. These are the type of high-probability success you want in your investment career. Unbiased,...
With the dollar gaining some strength up above 92 and rates raising to 1.6% in the US 10 yr emerging markets have started weakening. They are in no position to absorb higher rates and watch $s investments flea their boarders.
Contrary to popular belief H&S patterns are continuations patterns, not reversals. The only time H&S are reversal patterns is when they form at tops as we see here in the DPZ chart. While it is not a trade to be taken tomorrow and get paid the day after this huge H&S pattern suggests a top is in and a reversal is likely at some point in the future. From a...
Here is a simple comparison of airlines in two major events. 9/11 vs Covid. It may surprise you to know that we are seeing the exact same pattern we saw after 9/11. We can argue if the impact of covid had the same impact as the aftermath of 9/11. if the industry is even the same as it was back then if the bailouts are equal etc... But from a charting...
Higher rates (relative) have attracted buyers of the dollar to buy US Bonds.
One of the major mistakes i have seen economists make is to not understand the importance of markets. They are not traders or investors. As such they lose a great deal of insight by not putting their hard earned money at risk. I have indexed XLU AND NDX to get an accurate reading how they are behaving relative to each other. One of the many great features of...
Yet again we see another sector at previous highs hitting resistance with a topping M pattern structure setup. Listen to the message of the markets.
First off this is an updated chart. Here is the original chart I posted here on TV back on Jan 5, 2022 I typically hate wedges. They have a tendency to break one way and then reverse the other. Having said that The fundamentals right now compel me to post this chart as bearish. People have this false idea in their heads that bond yields work like a light...
The structure seems to be fully formed and starting to roll over after breaking a year-long bull run. Given the current state of the EU it is very plausible that we can see a longer-term trend lower. Caution is in order.
Sometimes the chart tells the story rather than the economics or fundamentals. It is extremely rare that we see such a setup on such a huge time frame chart. So rare that it is almost impossible for one to even think about shorting it because it appears impossible. That being said, This is a high-probability setup nonetheless. It is just massive in size. I would...
Very important day for Target, as it breaks a key 50-year trendline after it has already lost -50% from ATH. Now crossing a line in of itself is not a big deal. However, how it breaks and what structure it forms after the break matters a lot. This is the 3rd time since 2017 it has tested the trend line. The last time it broke in 2008 it lost 50% of its value....
Bearish structure validated and setting up for a great risk-reward at a key area. While it has not CRACKED yet, it appears it will soon. This small time setup has much bigger implications for the bigger chart as it could run lower for longer to use some FED speak.