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
73 % stocks 5 % forex 4 % cryptocurrency 18 % other
Top Mentioned Symbols
TNX 5% | 21 GDX 4% | 17 DXY 4% | 16 TLT 4% | 15
649bruno 649bruno LRCX, 1D, Short ,
92 0 2
LRCX, 1D Short
SILENCE OF THE LAM - PART 2, THE FOLLOW-UP

This is a follow-up for the sell-off in-LRCX. The first chart was published on July 3rd. The July 3rd forecast, based on 8 indicators, was down. There were other reasons I thought the stock would decline. There was a bearish “shark” pattern. This is the “W” formation I highlighted on the chart above. A “W” formation could be a bearish shark, Gartley, ...

649bruno 649bruno LRCX, 1D, Short ,
100 0 2
LRCX, 1D Short
SILENCE OF THE LAM-ANOTHER FAILING CHIP STOCK-LRCX

Basic Trading Techniques Explained (For This Example I Charted-LAM RESEARCH) I believe LRCX-is a failing stock. If you consider shorting-LRCX, be careful. It is at a key support level. I have prepared this tutorial for you for two reasons: to keep you from losing money in a bad position, and to allow you to set up a chart of your own. 1. Establish the direction ...

649bruno 649bruno AMAT, 1D, Short ,
202 1 4
AMAT, 1D Short
APPLIED MATERIALS - HOW TO DETERMINE WHEN A STOCK IS FAILING

Basic Trading Techniques Explained (For This Example I Charted Applied-Materials) I believe AMAT-is a failing stock. I have prepared this tutorial for you for two reasons: to keep you from losing money in a bad position, and to allow you to set up a chart of your own. Then, when you see a "hot tip" on TV, you can determine if the financial asset is worth YOUR ...

649bruno 649bruno XLF, 1M, Short ,
55 0 1
XLF, 1M Short
HAS THE XLF (LARGE BANKS) PUT IN A DOUBLE TOP ?

Does the double top in the-XLF warn us of an economic slow-down? The US Industrial stocks are slowing, as well as the emerging markets and US large banks. History teaches us to pay attention to longer trends, and the-XLF clearly has not been able to put in new highs. Most of the indicators for the XLF-are slowing. I think that this is forecasting an economic ...

58 0 2
INTC, 1M
INTEL - SOME STRENGTH LIKELY, BUT ALMOST 50% BELOW ITS HIGHS

INTC-does show some strength, but the growth is likely to be muted. If you bought INTC-in 1999, you still have a huge loss. Use caution in the chip sector. Don.

649bruno 649bruno AMAT, 1M, Short ,
44 0 1
AMAT, 1M Short
DO YOU LIKE CHIP DIP ? ARE SEMI'S READY TO SLOW DOWN ?

The semiconductors have had a great run in the past year, but I recommend we use caution. For example, AMAT-is really having a hard time advancing through its year 2000 bubble .com highs. Does this warn us of trouble for the chip stocks? I believe the answer is yes. Some of the new technologies may make stocks like NVDA-or-CY-keep going for a while, but.... I ...

649bruno 649bruno IBM, 60, Short ,
59 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 ,
53 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. ...

111 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 ...

140 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 ,
41 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 ,
22 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 ,
52 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.

124 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 ,
164 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 ,
200 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 ...

98 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 ,
78 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 ...

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