KrunchieKilleen

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About me Krunchie commits €100 per month to a punt on stocks and shares and gives an account of this in his blog: www.SharesPunt.Blogspot.ie
Joined Dublin, Ireland KrunchieKilleen
Markets Allocation
44 % forex 21 % stocks 8 % indices 28 % other
Top Mentioned Symbols
EURUSD 38% | 124 SPX 13% | 43 NAS 13% | 43 DIA 7% | 24
KrunchieKilleen KrunchieKilleen SPY, W, Short ,
SPY: Indexes Downtrend
98 0 4
SPY, W Short
Indexes Downtrend

As the 2-year Support Line has not been breached, the Downtrend has not yet been established. Swings continue within the 2-year uptrend, but until the "Downtrend" Resistance Line is breached, I believe the Downtrend is in train. The threat of a market crash appears to have receded, at least until the 2-year Support Line is breached.

KrunchieKilleen KrunchieKilleen EURUSD, W, Short ,
EURUSD: EUR/USD trends tentatively down
62 0 2
EURUSD, W Short
EUR/USD trends tentatively down

EUR/USD has failed to crash through 10-year Resistance Line X, despite the general belief that the US Dollar fundamentals remain weak. Long-term patterns indicate that the chart is cmmencing a downtrend indicated by Trend-line B. It remains to be seen if this trend will become firm (supported by rising US interest rates against stable Euro interest rates) or ...

KrunchieKilleen KrunchieKilleen SPY, W, Short ,
SPY: Indexes Pause in Down-trend
66 0 2
SPY, W Short
Indexes Pause in Down-trend

Looking back on my previous post, I see that the charts did not quite break through the 2016/ 2017 Support Line. I wrote that post when they were apparently plunging through, but they soon bounced back off that Support Line. The downtrend has paused. However, any bit of negative news is likely to set it going again.

KrunchieKilleen KrunchieKilleen SPY, M, Short ,
SPY: Indexes Fall won't stop now
62 0 2
SPY, M Short
Indexes Fall won't stop now

Now that the Indexes have plunged through the 2016/ 2017 Support Line, they won't stop falling until they reach the Long Term Support Line

KrunchieKilleen KrunchieKilleen EURUSD, M, Short ,
EURUSD: EUR/USD DOWNTREND BEGINS
112 0 3
EURUSD, M Short
EUR/USD DOWNTREND BEGINS

I would say that the EUR/USD has now hit the top and is commencing its downtrend.

KrunchieKilleen KrunchieKilleen SPY, D, Short ,
SPY: Indexes to Swing into Downtrend
111 0 2
SPY, D Short
Indexes to Swing into Downtrend

Having bounced back from their week-end plunge, the Indexes will undoubtedly swing downwards again. The Support Line of the 2016/ 2017 Uptrend will likely cause another upswing, before the indexes settle into a downtrend that will break through that Support Line.

KrunchieKilleen KrunchieKilleen SPY, D, Short ,
SPY: Indexes to correct and swing
146 0 3
SPY, D Short
Indexes to correct and swing

A closer look at yesterday's post, with a more defined expectation following last evening's drop.

KrunchieKilleen KrunchieKilleen SPY, W, Short ,
SPY: Indexes downswing continuing, but reversal of uptrend later
85 0 2
SPY, W Short
Indexes downswing continuing, but reversal of uptrend later

The current downtrend could continue for the month of February, with a possible revival in March/ April. If no revival in March, the downtrend is underway. However, an upswing in March may indicate a continuance of the uptrend until another challenge c. May.

KrunchieKilleen KrunchieKilleen SPY, W,
SPY: Indexes possible mild correction
52 0 1
SPY, W
Indexes possible mild correction

At this stage, it would be premature to expect a trend reversal. However, I anticipate a mild correction to offset the excessive exuberance of January's advance. Then, we should watch to see if shares continue their upward course, or commence a downtrend in anticipation of coming interest rate hikes.

KrunchieKilleen KrunchieKilleen EURUSD, M, Short ,
EURUSD: EUR/USD: Euro reaches top of its uptrend against the US Dollar
199 5 8
EURUSD, M Short
EUR/USD: Euro reaches top of its uptrend against the US Dollar

The Euro is approaching the top of its current uptrend against the Dollar. The turning point will come when the market begins to anticipate an increase in American interest rates, while the Euro zone holds rates down.

KrunchieKilleen KrunchieKilleen SPY, M, Short ,
SPY: Indexes peak and will fall
156 1 3
SPY, M Short
Indexes peak and will fall

Chart shows ETFs based on S&P, DOW and NASDAQ. All have reached an unsustainable peak, from which a fall in the order of 20% is likely.

KrunchieKilleen KrunchieKilleen EURUSD, M, Long ,
EURUSD: EUR/USD TO RESUME RISE
53 0 5
EURUSD, M Long
EUR/USD TO RESUME RISE

Having paused, the Euro is set to resume its rise against the US Dollar, powered by strong European economy. $1.25 would be a target; then review what might happen next.

KrunchieKilleen KrunchieKilleen DIA, D, Short ,
DIA: S&P & NASDAQ DOWNTREND HAS BEGUN
48 0 4
DIA, D Short
S&P & NASDAQ DOWNTREND HAS BEGUN

It looks like long expected market downtrend has begun.

KrunchieKilleen KrunchieKilleen NASX, M, Short ,
NASX: DOW & NASDAQ 7 YEAR CYCLES
93 3 3
NASX, M Short
DOW & NASDAQ 7 YEAR CYCLES

If the markets move in seven year cycles, then there are two ways of looking at the present manifestation. First, the Bubble of 2014 was not sufficiently burst, and a collapse is imminent. Second, there was a sufficient correction in 2014, and we will continue in a Bull Market until 2021. It is likely that world-wide policies of Quantitative Easing and Low ...

KrunchieKilleen KrunchieKilleen NAS100, M, Short ,
NAS100: NASDAQ TO TUMBLE
54 0 2
NAS100, M Short
NASDAQ TO TUMBLE

February 2017, I made a premature prediction of a tumble in share prices (Line A). It looks like the tumble is about to happen at last (Line B) . We are probably seeing the beginning of a Bear Market to take us into 2018.

KrunchieKilleen KrunchieKilleen CARZ, M, Short ,
CARZ: MOTOR INDUSTRY: IT'S DOWN, DOWN, DOWN FROM HERE
11 0 4
CARZ, M Short
MOTOR INDUSTRY: IT'S DOWN, DOWN, DOWN FROM HERE

Motor Cars are obsolescent technology. They promised transport to any destination at any time of day or night. The present reality is gridlock, destinations inacessible, unsustainable road building, air pollution. E-cars are not the answer, but a new transport technology of capsules travelling in tubes, described at https://krunchiescab.blogspot.ie/ The Motor ...

KrunchieKilleen KrunchieKilleen BABA, D, Short ,
BABA: BABA PEAKS: TAKE PROFIT!
131 0 4
BABA, D Short
BABA PEAKS: TAKE PROFIT!

It looks like Ali Baba has peaked for now. Time to take profit.

KrunchieKilleen KrunchieKilleen CRH, W,
CRH: CRH TO KEEP FALLING
11 0 1
CRH, W
CRH TO KEEP FALLING

With a P/E that is still over 21, even though it may rally from its present low, it looks inevitable that CRH, like American shares in general, will continue to fall for a considerable time. A substantial rise in earnings is necessary to maintain current price levels. European shares trade at a P/E of around 14 and American shares must correct to similar levels. I ...

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UEC
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EURUSD
Euro Fx/U.S. Dollar
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EURAUD
Euro Fx/Australian Dollar
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