Relative Momentum of Various Asset Classes SPY - Equities GLD - Precious Metals VNQ - Real Estate TLT - Long Term Treasuries JNK - High Yield Corp Bonds SHY - Short Term Treasuries MUB - Municipal Bonds BTCUSD - Crypto-Currencies DBC - Commodities
Relative Momentum of International Equities SPY - US Equities ACWI - Global Equities ACWX - Global Equities excluding US EEM - Emerging Market Equities EFA - Developed Market Equities
Stocks have fallen, taking a turn for the worse at the opening of the Asia-Pacific session. We have given up the 4400 handle entirely to seek support in the 4300's. We made a valiant attempt to pivot to the mid 4400's, where 4431 proved to be a barrier. A rejection took us back to support at 4380. A green triangle on the KRI is starting to suggest some support...
Stocks plummeted near close yesterday, cratering more than 100 points. It appears that the stock market is not digesting the Russia/Ukraine issue, with NATO talks 'going nowhere'. We made an attempt to break into the vacuum zone above 4580, but a red triangle on the KRI marked sharp resistance early into this attempt. Subsequently we sold off, smashing through...
Stocks have continued to press lower, breaking several key levels. After breaking 4580, we made a brief attempt at a pivot back through the vacuum zone to test 4632, but that fizzled quickly. Subsequently, we plummeted back to lower levels, breaking 4545 and finally finding support at 4521. A green triangle on the KRI is confirming support at this level. The...
Expecting a bounce if we breach this channel once again. It looked like a channel break there for a moment and shorts could be squeezed a little if we bounce. Target $270 for this bounce.
Stocks took a sharp turn for the worse. As predicted, the break down from the inverse head and shoulders pattern we identified two days ago, was a bearish sign indeed. We have traversed the vacuum zone below 4632 and made a run for 4580. We anticipated this level to hold, but we saw only a brief attempt at a pivot off this level which was quickly sold back...
After a terrific month $XOM has hit a multi year resistance line. Maybe time to take some profit ??
Stocks have broken down hard from our inverse head and shoulders pattern. This should be considered a very bearish sign. We have broken into the vacuum zone between 4632 and 4580, finding support at roughly the midpoint around 4600, a psychological level, which may also become our next addition to technical levels on this chart. The Kovach OBV is quite bearish,...
Stocks have dipped, testing lower levels in the 4600 handle. We found good support at 4632, but are witnessing some volatility here. We may be seeing the formation of an inverse head and shoulders with a neckline at 4668, one of our technical levels which appears to be providing resistance. Several red triangles on the KRI have confirmed resistance as we have...
• Strong correction in the last days • Nice support at 644.6/652 • In the middle of the correction period there is a small flag which marked the midpoint of the move • Does the support hold at 644.6/652 or do we see a further correction to the next support at 610.40/623.8? • In my point of view an interesting level to build up a small position and waiting for the...
Luckily, I ended up 2021 with a win. It was a modest one but given how tough the trading environment was back in December for the long side (likewise in the start of 2022), I'm thankful that I was able to pull off a W. Let's review it $TRT is the ticker of the trade. First entered the trade back in December 7, 2021 (1st Green Arrow) at $9, when it proved...
4729, but this level seemed prohibitive for stocks, and we sold off from there slicing through 4693 with ease, but finding support at 4649. We made a brief attempt at a pivot, but 4668 is proving to be an obstacle as a red triangle on the KRI has confirmed resistance here. The Kovach OBV has dropped off notably into bearish territory, but is starting to level...
Stocks have gained some steam as the markets are graadually digesting the Fed and inflation. We have hit our price target of 4729, and broken above this level briefly to test the next level of resistance at 4763. We saw some red triangles on the KRI just below this level confirming that is an upper bound for now. We appear to be consolidating around 4729, which...
Stocks have edged up after the markets are gradually digesting a more hawkish Fed. We have seen good support from 4580, and a strong pivot from that level, and have blasted up to regain the 4700 handle. Currently, we are testing 4729, the first level in the 4700 handle from below. A red triangle on the KRI is confirming some resistance there. We will need to...
AMZN D1 Another example here on AMZN, just to show our zone trading strategy is effective across all markets, all timeframes and instruments. Crypto, equities, FX, commodities.... Solid bounce from our 3185 price as indicated. pushing 1.5R, now time to squeeze and trial if you're trading this pair, or accept the DCA entry and wait for $2950 if it presents.
Stocks faced a steep selloff yesterday, sailing through the vacuum zone below the 4600's, to find support exactly at our level at 4580. From there, we caught a nice pivot back to value in the 4600's. This is a strong sign for bulls who were hoping to see a bottom in stocks soon. The fact that it was bought up so quickly, suggests we are trying to establish...
Stocks are establishing value near lows. We saw a brief attempt at higher levels, notably 4729, but several red triangles on the KRI confirmed resistance there. Subsequently, we have pushed lower with 4668 as the next level to provide support. We are holding a narrow range at the the moment between this level and 4693. We appear to be forming a bear flag or...