A sell Fractal for AUDUSD-happened at .7549. Two additional sell Fractals were issued after this at lower levels. The lowest Fractal was .7496. Previous low was .7486. The CHOP indicator (below chart) is indicating range bound trading. Be alert for possible reversal - the daily chart is in a buy Fractal. Good luck to you. Don.
EURJPY-has been climbing since this mornings buy Fractal at 114.67. There have been several RSI roll-overs and the phase energy has faded, but..... There have been no sell Fractals yet. My sell would be the target upside projection of 118.464. Other key Fibonacci levels: currently 115.40 is a 50% retracement. No sells indicated yet. Fibonacci .618 is...
What does an upside breakout look like BEFORE it happens? The chart above leaves clues. Here is a summary for the positives in-MFA: 1. Currently two buy Fractals, but not on this chart. They are on the daily chart. 2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend, it is now below that level. Note the...
This morning I recommended Starwood-Property-Trust. The stock is trending up and during the day the trend got stronger. Please observe the indicator below the chart. This is CHOP. There are two buy Fractals. As the buying pressure improves the CHOP line moves lower. This indicates that the trend has IMPROVED. Here is a summary for the positives in-STWD: 1....
A buy Fractal was generated at 114.67 (highlighted in box). At this point in time the phase energy (lower top indicator) went positive. RSI / Stochastic (top indicator) followed. 5/34 momentum (top middle) went positive. The CHOP (indicator below chart) went to bottom of shaded area, indicating a strong short-term trend. Upside target is 118.464. Please note:...
This is an update for-BAC. I published a strong buy analysis three days ago. 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...
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 short. Let's...
The latest Fractal for-SLV is one of many negatives. I believe a new down-trend has started. There are many sell signals. 1. Sell Fractal in effect (rectangle on chart). 2. Alligator jaws opening in tandem with sell Fractal. Now feeding in down-trend. 3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area, indicating...
Yesterday I wrote that there are two kinds of weakness. One you stay away from, the other you take advantage of. GDX-has gone sideways for quite some time. This may end soon with a strong up move. Here are the positives that I see : 1. BUY Fractals in effect (rectangle on chart). 2. 5 Impulse Wave and 3 corrective wave pattern completed. 3. Chop indicator...
This is an update to a chart I published yesterday (Sunday) for 10 Year T-Note Yields. Because the Fed struck fear in to the credit markets last Friday, I maintained that rates were not going to spike. Why? The charts I looked at had digested the Fed-Speak and didn't show much conviction. This is a 30 minute chart for-TNX. You can see that rates have fallen. ...
I was looking at the transports and I observed mostly non-trending stocks that won't make you money. Lot's of zig-zags and short moves up and down. Jet -Blue-is trending. The trend is DOWN. There are many sell signals. 1. Sell Fractals in effect (rectangle on chart). 2. Alligator jaws opened in tandem with sell Fractal. Now feeding in down-trend. 3. Chop...
XAUUSD- the good news is I don't see a big selloff . I stated this in a chart I published yesterday. The latest Fractal is a bullish Fractal. I placed a box around it. The three red (down) Fractals after this are not valid as they were within the alligator's jaws. All three indicators above the chart are positive. The bad news (if you want to go long) is the...
DVYE-The investment seeks to track the investment results of the Dow Jones Emerging Markets Select Dividend Index, which measures the performance of a group of equity securities issued by companies in emerging market countries that have provided relatively high dividend yields on a consistent basis over time. The fund generally will invest at least 90% of its...
Yes, the Fed has spoken. Halloween came early and the sky was falling. I don't think the 10 Year T-Note Yield is going much higher. The Federal Reserve doesn't control the front end on the curve. The market does. I still remain bullish on bonds and-TLT. The above chart is still in a down trend channel. The CHOP is high (indicator under the chart), but is...
BAC-is breaking out to the upside. Here are the positives: 1. Currently a buy Fractal. 2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a trend. 3. The top lower indicator is phase energy, and this is positive. 4. The alligator is feeding in the uptrend. 5. RSI / Stochastic (top indicator) is strong. 6. Prices are...
XAUUSD-Part 2 of 2. Despite the Fed on Friday XAUUSD-is not selling down in panic mode. If you look at the lower top indicator, phase energy is accumulating. The top middle indicator is the 5/34 momentum, and this is slightly up The Ichimoku Cloud is essentially flat. There are more positives than negatives. What would turn me bearish? A sell Fractal on the...
Note-I had many technical problems getting this chart to format. There are 3 Fractal buys I could not get on the chart. They are in the two green rectangles. This is part one of two charts for-XAUUSD. Despite the Fed-XAUUSD still remains sideways and range bound on a daily chart . The last three Fractals (designated in the green rectangles) are all buys. There...
On the unpublished studies I did for UKOIL-on shorter time horizons (30 minute, one hour, four hours), I found the trading action very choppy and range bound. Yesterday I published a chart for Light-Crude, so I wanted to confirm that chart and see what UKOIL-might do. As I did for Light-Crude, here is a brief explanation of the techniques I use: The Alligator:...