649bruno

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About me Technical charting since 1983, passed the S7 Exam in 1986. As a Quality Engineer I applied statistical process control to manufacturing, and then I adapted this approach to monitoring financial markets. At age 68 I still chart simply because I enjoy it.
Joined Donfucius
Markets Allocation
72 % stocks 6 % forex 4 % cryptocurrency 18 % other
Top Mentioned Symbols
TNX 5% | 21 GDX 4% | 17 DXY 4% | 16 TLT 4% | 15
649bruno 649bruno IBM, 60, Short ,
IBM: Trader's Tips, Part 2: IBM And The Bearish AB=CD
18 0 0
IBM, 60 Short
Trader's Tips, Part 2: IBM And The Bearish AB=CD

As I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern, As well as the bearish AB=CD pattern (above). Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off. Then, IBM-halted at a double top, and sold off again. Take the time to look at how many DOW-30-stocks have negative formations. This will give ...

649bruno 649bruno AAPL, 60, Short ,
AAPL: Trader's Tip: Could The Drop In AAPL Be Forecast?  Yes.
36 0 0
AAPL, 60 Short
Trader's Tip: Could The Drop In AAPL Be Forecast? Yes.

I was asked if AAPL-will become the next-Blackberry....My answer was no. Yet.... The drop in-AAPL was indeed forecast in the charts. Here is what I saw: 1. A bearish butterfly was completed. 2. At the same time - All of the indicators on the top of my chart went bearish. 3. The lower indicators, chop and chop zone, also went negative (red). Tips: 1. ...

649bruno 649bruno XAUUSD, 1W,
XAUUSD: Where Will Gold Be In Two Years ?
107 1 3
XAUUSD, 1W
Where Will Gold Be In Two Years ?

I was asked where I think that gold-will be in two years. My answer in printed on the chart above. If gold-can stay above $1390 on a weekly chart, then a new up-trend is possible. I would much rather wait until this happens than buy-gold today. Until then, I see a sideways trading range, with downside risk if the Fed keeps raising interest rates. May all of your ...

649bruno 649bruno GDX, 1D,
GDX: GOLD READY TO SURGE ? NOT JUST YET (PART 5 OF 5 - GOLD MINERS)
121 1 7
GDX, 1D
GOLD READY TO SURGE ? NOT JUST YET (PART 5 OF 5 - GOLD MINERS)

The GDX-is a basket of gold-miners stocks. I looked at some of these on an individual basis.... Most did not indicate any gold-rally just yet. If the GDX-improves, I would play the gold-rally via the gold-miners because they rise faster than the metal. I hope these five charts give you some perspective of different aspects of the gold--metals--gold miners ...

649bruno 649bruno SLV, 1D, Short ,
SLV: GOLD READY TO SURGE ? NOT JUST YET (PART 4 OF 5 - SILVER)
32 0 4
SLV, 1D Short
GOLD READY TO SURGE ? NOT JUST YET (PART 4 OF 5 - SILVER)

Silver-is an industrial metal, so it will do well in a good economy. Silver-is also similar to gold-for world tension in geo-political events. If gold-is to surge, silver-usually will also. Yet the chart for silver- does not indicate an imminent rally,

649bruno 649bruno XCUUSD, 1D, Short ,
XCUUSD: GOLD READY TO SURGE ? NOT JUST YET (PART 3 OF 5 - COPPER)
21 0 3
XCUUSD, 1D Short
GOLD READY TO SURGE ? NOT JUST YET (PART 3 OF 5 - COPPER)

Copper-was higher until the recent fall in the S&P-500- and this will not help a rally in the metals complex.

649bruno 649bruno PLATINUM, 1D, Short ,
PLATINUM: GOLD READY TO SURGE ? NOT JUST YET (PART 2 OF 5 -PLATINUM)
22 0 3
PLATINUM, 1D Short
GOLD READY TO SURGE ? NOT JUST YET (PART 2 OF 5 -PLATINUM)

Strong gold-surges are usually in tandem with other metals . As you can see, Platinum-is weak and down-trending.

649bruno 649bruno XAUUSD, 1D,
XAUUSD: GOLD READY TO SURGE ? NOT JUST YET (PART 1 OF 5)
118 1 3
XAUUSD, 1D
GOLD READY TO SURGE ? NOT JUST YET (PART 1 OF 5)

When gold-is ready to surge higher, others in the metals complex generally follow. This is the first of five metals charts. The next four charts after this one are: Platinum-; Copper-; Silver-; Gold-Miners-. None of these four indicate a pending surge in-gold, May all of your trades go well. Don.

649bruno 649bruno SPX, 60, Short ,
SPX: S&P 500 - Still Bearish  Harmonic Patterns - Target Now 2400
157 0 3
SPX, 60 Short
S&P 500 - Still Bearish Harmonic Patterns - Target Now 2400

The rally back from the February lows is not impressive. The "M" harmonic pattern (butterfly) resulted in a 50% retracement to a falling 233 interval trend-line. Because the S&P-500 failed at the 50% retracement, it is my opinion that the February lows will not hold..... This 50% retracement failure (at 2677) strongly predicts lower prices. The next area on the ...

649bruno 649bruno SPX, 30, Short ,
SPX: S&P 500 Likely To Retest February Lows AT 2525
198 0 6
SPX, 30 Short
S&P 500 Likely To Retest February Lows AT 2525

I was asked earlier today if I thought the S&P-500 would rise or fall. I told this person I would publish a chart for him. I also told him I thought the recent rebound upwards would not go further than 2735 to 2740. The rally back from the February lows is an almost perfect 50%. As the S&P-500 rose the lower top graph was falling. This divergence strongly ...

649bruno 649bruno AABA, 30,
AABA: Will The Stock Market Retest Its Lows? Look At AABA
92 0 1
AABA, 30
Will The Stock Market Retest Its Lows? Look At AABA

AABA-Altaba-is the stock I sometimes trade as a proxy for-Alibaba. Above you will notice a harmonic pattern that closely resembles a bearish shark pattern. If I would insert the-S&P-500-Index (and not-AABA) the chart pattern would almost be the same. This strongly suggests a retest of the previous lows. A traditional bearish pattern in-AABA would have an ...

649bruno 649bruno BABA, D, Long ,
BABA: BABA Update: Trend Still Higher
75 0 0
BABA, D Long
BABA Update: Trend Still Higher

Note: the stock has risen very sharply since I published October 9th, 2017. Back then, my original target was $170, which was obtained. If you are looking for a new target, my preliminary goal would be $200-$220. From a technical standpoint, Here are the positives for-BABA: 1. Currently multiple buy Fractals. 2. The top upper indicator is a 34 day moving ...

649bruno 649bruno CY, 240, Long ,
CY: CY: After Base Building, Upside Breakout Is Likely
50 0 3
CY, 240 Long
CY: After Base Building, Upside Breakout Is Likely

In my opinion, CY-Cypress Semiconductor-is breaking out to the upside. From a technical standpoint, Here are the positives for-CY: 1. Currently multiple buy Fractals. 2. The top upper indicator is a 5/34 oscillator, and this is positive. Very strong. 3. The alligator is feeding in the uptrend. A very strong uptrend. 4. Prices are trading above the Ichimoku Cloud ...

649bruno 649bruno INTC, D, Long ,
INTC: INTC: Upside Breakout Mode. Hits 17 Year High
85 0 6
INTC, D Long
INTC: Upside Breakout Mode. Hits 17 Year High

In my opinion the current technical condition for-INTC is strong and the underlying indicators should keep the current uptrend intact. The stock has outperformed the market over the last 60 trading days when compared to the-S&P-500. The alligator is confirming that the intermediate-term trend is bullish . The chart formation indicates a strong rising trend. Upside ...

649bruno 649bruno SQ, D, Long ,
SQ: SQ: Very Strong Growth
135 0 10
SQ, D Long
SQ: Very Strong Growth

In my opinion the current technical condition for-SQ is strong and the underlying indicators should keep the current uptrend intact. The stock has outperformed the market over the last 50 trading days when compared to the-S&P-500. The alligator is confirming that the intermediate-term trend is bullish. The chart formation indicates a strong rising trend. Upside ...

649bruno 649bruno BABA, D, Long ,
BABA: Update - BABA: Upside Strength Will Most Likey Grind Higher
156 0 6
BABA, D Long
Update - BABA: Upside Strength Will Most Likey Grind Higher

Note: the stock has risen very sharply since June. You may have to pull the chart down and adjust the right vertical (dollars per share) scale so you can see the price action. Since I recommended BABA-on June 7th the stock is up 58 points (48%). There is still likely to be "backing and filling", but I believe the up-trend in-BABA will continue for the rest of 2017 ...

649bruno 649bruno MU, 240, Long ,
MU: MU: Looking For A Stock With An Upside Breakout Pattern?
117 0 5
MU, 240 Long
MU: Looking For A Stock With An Upside Breakout Pattern?

In my opinion, MU-Micron Technology-is breaking out to the upside. From a technical standpoint, Here are the positives for-MU: 1. Currently multiple buy Fractals. 2. The top upper indicator is a 5/34 oscillator, and this is positive. Very strong. 3. The alligator is feeding in the uptrend. A very strong uptrend. 4. Prices are trading above the Ichimoku Cloud . 5. ...

649bruno 649bruno BABA, D, Long ,
BABA: BABA: Update, Strength Likely To Continue
103 0 8
BABA, D Long
BABA: Update, Strength Likely To Continue

Since I recommended BABA-on June 7th the stock is up 20 points (17%). There is likely to be "backing and filling", but I believe the up-trend in-BABA will continue for the rest of 2017. If you are looking for a target, my preliminary goal would be $165-$170. From a technical standpoint, Here are the positives for-BABA: 1. Currently multiple buy Fractals. 2. The ...

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