Part Two. The Rullell-2000-as shown by-IWM. Kind of looks like the-S&P-500, doesn't it? This is an extremely difficult market in which you will find winning stocks . The-Russell-2000 (as measured by-IWM) has gone sideways. You have to be very good to select the end of the draw-down periods and go long in the winners. The rotation into and out of stock groups...
This is an extremely difficult market in which you will find winning stocks. The-S&P 500 (as measured by-SPY) has gone sideways for 18 months. You have to be very good to select the end of the draw-down periods and go long in the winners. The rotation into and out of stock groups has been fast and furious. As for-SPY: I detect a bearish AB=CD harmonic...
Sometimes I see stocks recommended on national TV coverage and I would bet that people rush out and buy on these "tips". I watched as-CME was recommended. I just couldn't think of any reasons why. CAVEAT EMPTOR is a Latin phrase that means: "The principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase...
A stock that shows strength in a daily interval is one that will usually keep climbing, even in market turbulence. Examine-TTMI. TTM-Technologies, Inc. is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized...
This is an update from a week ago. Not much has changed. No trend. Negatives: 1. Last valid sell Sell Fractal was Sept 13th. 2. Your compass for direction, the alligator, is sleeping. 3. CHOP is ABOVE the shaded area. This predicts NO trend. 4. CHOP ZONE is green, white, green, indicating no trend. 5. Prices are trading at the Ichimoku Cloud . 6. Prices are at the...
This is an update from 48 hours ago, a chart I published on-GDX. I thought this was necessary because I watched as-GDX was recommended on national cable television today. I strongly disagree. Here are ONE DOZEN negatives I see in-GDX, and why I feel this-ETF is a sell: 1. Sell Fractals in effect (red rectangle on chart). 2. Alligator jaws NOW OPENED in tandem...
Update from 4 days ago-DAX. 1. Sell Fractals in effect (red rectangle on chart). 2. Alligator jaws CLOSED in tandem with sell Fractals. Alligator sleeping for now. THIS IS YOUR DIRECTIONAL COMPASS. 3. Chop indicator (under chart) is well above the 38.2 shaded area. This indicates a ZERO trend and, at best, sloppy action with a downward bias. 4. Phase energy (lower...
UPDATE: Here are ONE DOZEN negatives I see in-GDX, and why I feel this-ETF is a sell: 1. Sell Fractals in effect (red rectangle on chart). 2. Alligator jaws CLOSED in tandem with sell Fractals. Alligator sleeping for now. THIS IS YOUR DIRECTIONAL COMPASS. 3. Chop indicator (under chart) is well above the 38.2 shaded area. This indicates a ZERO trend and, at best,...
Look at your stock/ asset portfolio and determine if any of your holdings suffered severe technical damage in market declines. It really isn't a stock market, it's a market of stocks. Strong stocks are worth investing in. There are strong stocks. One such stock is-PJC. From a technical standpoint, Here are the positives: 1. Currently multiple buy Fractals...
Here are ONE DOZEN negatives I see in-GDX, and why I feel this-ETF is a sell: 1. Sell Fractal in effect (red rectangle on chart). 2. Alligator jaws opened in tandem with sell Fractals. Alligator feeding in down-trend. THIS IS YOUR DIRECTIONAL COMPASS. 3. Chop indicator (under chart) is well above the 38.2 shaded area. This indicates a ZERO trend and, at best,...
Negatives: 1. Last valid sell Sell Fractal was August 16th. 2. Your compass for direction, the alligator, is feeding in a down trend. 3. CHOP is almost BELOW the shaded area. This predicts a trend. 4. CHOP ZONE is red, indicating a downward bias. 5. Prices are trading below the Ichimoku Cloud . This is a sell signal. 6. Prices are below the red Ichimoku Cloud...
Part 1 of 2. Part 2 will be the I-Shares-chart for Belgium (to compare strong vs weak charts). Yes, the-DAX had a strong rally from mid-July to mid-August. On 09-16-2016 the-DAX low was 10,262.19. The rally since then has been weak and not nearly as robust at the previous up move. Negatives: 1. Last valid sell Sell Fractal was Sept 16th at 10,262.19. 2. Your...
There are faint signs that the down-trend in-USDJPY may reverse. First, here are the technicals: Negatives: 1. Last valid sell Sell Fractal was Sept 21th. 2. Your compass for direction, the alligator, is feeding weakly in a down trend, BUT JAWS ARE CLOSING. 3. CHOP is in the shaded area. This predicts NO TREND. 4. CHOP ZONE is red, indicating a downward bias. 5....
Negatives: 1. Last valid sell Sell Fractal was Sept 13th. 2. Your compass for direction, the alligator, is feeding weakly in a down trend. 3. CHOP is almost BELOW the shaded area. This predicts a trend. 4. CHOP ZONE is red, indicating a downward bias. 5. Prices are trading below the Ichimoku Cloud . 6. Prices are below the red Ichimoku Cloud conversion line. 7....
What determines whether or not I take a position, up or down, in a stock , commodity, or futures contract? WHAT IS THE SINGLE BIGGEST FACTOR THAT I SHOULD KNOW? To me the answer is simple. Is what I am reviewing "TRENDING" or "RANGE BOUND"? I need to know if a stock or commodity is trending. Why? RANGE BOUND assets are very hard to make money, long or...
This is a three hour chart. If you looked at a daily chart for-GBPUSD you will notice a TRIPLE BOTTOM and a well defined inverse head and shoulders pattern. The low of the triple bottom was 1.27893 on July 7th. The next low was 1.28654 on August 15th. The third low is right now, 1.29942 on September 16th. The negatives on the above chart are many: 1. Many...
This update is from two days ago. Sideways action prevails. Here are the indicators. Negatives: 1. Last valid sell Sell Fractal was Sept 13th. 2. Your compass for direction, the alligator, is feeding weakly in a down trend. 3. CHOP is almost above the shaded area. This predicts a lack of trend. 4. CHOP ZONE is red, indicating a downward bias. 5. Prices are...
Upate from three days ago. XAUUSD-is still weak. It is down an additional 2% since then. Here are ONE DOZEN negatives I see in-XAUUSD, and why I feel-Gold is a sell: 1. Multiple Sell Fractals in effect (red rectangle on chart). 2. Alligator jaws OPEN, feeding in down-trend. THIS IS YOUR DIRECTIONAL COMPASS. 3. Chop indicator (under chart) is in the shaded...