GTStockmaster

GTStockmaster

At the start of 2022, healthcare stocks have gotten killed, especially anything that was a winner in the past 1-2 years. A lot of people are getting rather bearish, but they shouldn't be. The fundamentals favor healthcare still in many ways, and momentum is still rather strong. We already got the breakout in healthcare stocks, and we just got the retest, which was...

GTStockmaster

Whatever your opinion of these assets, they're all behaving in a fairly similar fashion, and they all have been behaving somewhat similarly over the last 3 years. No surprise, bitcoin and foreign currencies ten to outperform when financial conditions are loose and loosening. The vice versa is likely true as financial conditions tighten. Interestingly, if you...

GTStockmaster

No clue what a fundamental shift would be that would cause a reversal here, but this has never been so extended. Ever. AAPL relative to SPX is trading above 3.5 standard deviations on a weekly timeframe. I looked back through the history and it has never been so extended relative to the rest of the market, even during the height of it's bull runs. To me, this...

GTStockmaster

Original Chart This is Based Off 2018 update Original Trade Strategy Around This Chart Everything should be self explanatory in the chart. Of course - this will work until it doesn't, but since the...

GTStockmaster

Interesting relationship here - JPYUSD has a 6 year bottom trendline of resistance it has been following. This line has been hit a few times over the last 6 years, and literally every time it hits this line, a correction of some variety occurs. It's almost like clockwork. Not sure if there is actually any mechanistic behavior going on, but it's worth noting...

GTStockmaster

Total collapse in downside hedging since April 2020. This is not put to call ratio, just SPX index puts, nothing more. Chart is 15 week exponential moving average to smooth data.

GTStockmaster

In short, Russel has more exposure to material prices, and this is reflected in the ratio of the russel to the S&P, which looks extremely similar to the combined price of oil, copper, and soybeans (just as an example of a simple commodity basket).

GTStockmaster

Note: This is just information to compare **potential** bubble formation of TSLA vs. the chart patterns of other historic Bubbles. Of note, a classic bubble pattern follows as this: Phase 1: Trending breakout of basing formation in a strong up-trending move Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself). Phase...

GTStockmaster

Bubble Pattern Analysis - follows same pattern as many Phase 1: Trending breakout of basing formation in a strong up-trending move Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself). Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly and stronger than before. ...

GTStockmaster

Followed a common 5 phase pattern Phase 1: Trending breakout of basing formation in a strong up-trending move Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself). Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly and stronger than before. Phase 4: Upwards & &...

GTStockmaster

Charting the Pattern of the Pre Depression Bubble Phase 1: Trending breakout of basing formation in a strong up-trending move Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself). Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly and stronger than before. Phase...

GTStockmaster

5 step pattern describing the bubble formation of the Nikkei index in the 1990's. Phase 1: Trending breakout of basing formation in a strong up-trending move Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself). Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly...

GTStockmaster

Simple view of this critical sector breaking through key technical trendlines. Our first bearish sign was the break earlier in August, which held, and rallied back above the original broken trendline. That quickly stopped as momentum ran out, and it's now breaking through multiple trendlines with bulls at max long. This can potentially fall significantly given...

GTStockmaster

Just an interesting finding that the current TSLA price action is almost a perfect imitation of Tesla's behavior prior to the Feb market crash. The only difference is that the time-scale is more compressed. These things have a tendency to break away from the pattern, but I do think it's interesting and somewhat telling in the short term.

GTStockmaster

Using the ratio of equal weight S&P 500 to the market cap weighted S&P 500 provides great insight into how concentrated the market is. Market Concentration Market concentration tends to grow as a bull market extends into its older age. There are some basic structural reasons for this. Portfolio Managers & discretionary investors naturally pile into winning...

GTStockmaster

I posted a few months ago Amazon was in a terminal formation. Like a lot of stuff, there was an upside overthrow to knock out any remaining bears, and now we are looking to test the long term support from the 2008 lows. Below that, there are a few other support lines, but the next MAJOR support is around 950-1000 depending on time frame of a drop. Amazon actually...

GTStockmaster

I could add many charts right now detailing similar themes, but this one to me is extremely telling.. South Korea is sitting on the cusp of two 30+ year long trendlines it has not broken in quite some time. These are extremely important. I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just...

GTStockmaster

Very similar pattern to 2000 tech bubble peak. Amazon's current pattern = terminal.