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Markets Allocation
42 % stocks 32 % indices 16 % commodities 11 % other
Top Mentioned Symbols
INX 21% | 4 FCX 10% | 2 EURUSD 5% | 1 DOWI 5% | 1
MTstiles MTstiles FISV, 120, Short ,
FISV: Extended price and strong RSI divergence
27 0 0
FISV, 120 Short
Extended price and strong RSI divergence

The price/RSI divergence is very strong on the 120 min chart. Sell stop at 64.27 with a stop loss at 64.89. Target is 62.41.

MTstiles MTstiles EXPE, 120, Short ,
EXPE: Extended price in a rising wedge
34 0 0
EXPE, 120 Short
Extended price in a rising wedge

EXPE is extended in price with a moderate divergence in the RSI. Most bearish is the rising wedge with price nearing its apex. Sell stop at 86.89 and a stop loss at 88.54. Target is 82.89.

MTstiles MTstiles AMAT, 120, Long ,
AMAT: Breakout setup for a short trade
20 0 0
AMAT, 120 Long
Breakout setup for a short trade

AMAT has been consolidating since earning on 8-14. I am putting a buy stop in at 22.40 with a stop loss at 21.90. The 3:1 price target is at 23.91.

MTstiles MTstiles CLF, W, Long ,
CLF: Wyckoff Analysis of Cliffs Natural Resources $CLF
109 0 1
CLF, W Long
Wyckoff Analysis of Cliffs Natural Resources $CLF

Barron's published a list of value stocks in this week's edition. There are some nice charts and some ugly ones (see Transocean $RIG). One of the best setups, I'm my opinion, belongs to Cliffs Natural Resources $CLF. I have attached the weekly chart and labeled the classic Wyckoff psychological events. This chart is a classic bottoming pattern with a well ...

MTstiles MTstiles FCX, D, Long ,
FCX: Waiting Patiently for FCX Pullback
76 0 2
FCX, D Long
Waiting Patiently for FCX Pullback

This is a simple price and volume plan to buy a pullback of Freeport-Mcmoran (FCX). The key is to patiently wait for a test of the high volume breakout that occurred September 2013, using the previous high volume price move to set a stop loss level.

MTstiles MTstiles FCX, D, Long ,
FCX: Correction time for FCX
96 0 0
FCX, D Long
Correction time for FCX

The miners have had a nice bounce recently but none of them can compare to the apparent trend reversal for Freeport Mcmoran (FCX). The great run that started in late June has left many investors behind, causing them to watch with envy and hope for a pullback to buy. Such a pullback could be right around the corner as FCX is coming up on overhead resistance as ...

MTstiles MTstiles SPX500, M, Short ,
SPX500: SPX Monthly Bearish Butterfly
317 1 1
SPX500, M Short
SPX Monthly Bearish Butterfly

We have been watching this pattern for a long time and it is shocking that we might actually get there.

MTstiles MTstiles INX, W,
INX: Extreme Bullish Sentiment SPX
230 1 0
INX, W
Extreme Bullish Sentiment SPX

Mistake

MTstiles MTstiles INX, W, Short ,
INX: Extreme Swing in Bullish Sentiment
165 0 0
INX, W Short
Extreme Swing in Bullish Sentiment

sentrade, who tracks the daily sentiment in the SPX, sent out the following tweets. "S&P increased from 37% to 50% Bulls today. A daily increase of 13% Bulls is extreme and rare." "Since the 2009 lows, S&P increased by 13%+ Bulls in a day five times" "Those dates were: 05/10/10, 05/27/10, 10/27/11, 06/29/12, and 01/02/13" What I find most interesting is that, ...

MTstiles MTstiles INX, W, Short ,
INX: Extreme Swing in Bullish Sentiment
92 0 0
INX, W Short
Extreme Swing in Bullish Sentiment

@sentrade, who tracks the daily sentiment in the SPX, sent out the following tweets. "S&P increased from 37% to 50% Bulls today. A daily increase of 13% Bulls is extreme and rare." "Since the 2009 lows, S&P increased by 13%+ Bulls in a day five times" "Those dates were: 05/10/10, 05/27/10, 10/27/11, 06/29/12, and 01/02/13" What I find most interesting is that, ...

MTstiles MTstiles INX, W, Short ,
INX: Extreme swing in sentiment (ht @sentrade)
166 0 0
INX, W Short
Extreme swing in sentiment (ht @sentrade)

@sentrade, who tracks the daily sentiment of the S&P 500, sent out the following tweets tonight. "S&P increased from 37% to 50% Bulls today. A daily increase of 13% Bulls is extreme and rare." "Since the 2009 lows, S&P increased by 13%+ Bulls in a day five times.' "In each case, the market closed lower within six trading days." I have labeled the dates on the ...

MTstiles MTstiles DOWI, D, Short ,
DOWI: Wyckoff Topping Process-DJIA
2200 25 12
DOWI, D Short
Wyckoff Topping Process-DJIA

Richard Wyckoff developed a psychological model for tracking the emotions that play out during the topping and bottoming processes. This chart shows the labels used by Wyckoff, placed where I believe they are appropriate. The same labels fit the Russell 1000 and S&P 500, but are less obvious. As you can see, we should see another bounce higher. If it only ...

MTstiles MTstiles HG1!, W, Long ,
HG1!: Copper's Inverse Head and Shoulders Setup
559 0 0
HG1!, W Long
Copper's Inverse Head and Shoulders Setup

I have to admit that I'm surprised by this bullish setup in copper, but it is what it is. The price target, if the H&S is confirmed, is the result of a completed AB=CD pattern and a 0.786 retracement of the March to June downtrend. Does this portend a rebound in China or is it due to home builder strength in the USA? Perhaps both? We shall see.

MTstiles MTstiles SI1!, D, Short ,
SI1!: Silver hanging on by a thread
148 0 1
SI1!, D Short
Silver hanging on by a thread

Like gold, silver is holding just above an important level (blue line). When somethings holds just above support without bouncing, it is usually a sign that the support will fail. If silver fails, it will trade down to $19.

MTstiles MTstiles GOLD1!, D,
GOLD1!: The technical bear case for Gold
328 1 1
GOLD1!, D
The technical bear case for Gold

Gold has been trading very closely to the important level of 1299.6 for a couple weeks. The longer it hugs this level, the more likely it is that the level will be breached. If the price does break down, expect the AB=CD pattern to play out - giving a price projection of 1140 or $173 lower from Friday's close.

MTstiles MTstiles MBB, 30,
MBB: Credit market reactions to "No Taper"
113 0 0
MBB, 30
Credit market reactions to "No Taper"

This chart is an interesting comparison of various bonds since the Fed announced that they would not taper QE. While all bond markets rose after the announcement, only the MBS market has continued its rise, while junk bonds and EM junk bonds are back where they started.

MTstiles MTstiles EURUSD, W, Long ,
EURUSD: EUR/USD Butterfly Pattern
148 0 0
EURUSD, W Long
EUR/USD Butterfly Pattern

This is a long term bearish pattern that appears to be bullish in the near term. The weekly chart projects a possible Euro of 1.46 at the time of the pattern's completion.

MTstiles MTstiles NKY, D, Short ,
NKY: Nikkei - Yen correlation
1393 1 2
NKY, D Short
Nikkei - Yen correlation

The Yen and the Nikkei have been moving together for many months now. Actually the Yen has been leading the major price moves by a few trading days. The correlation can be seen in the symmetrical triangle that began back in May. Notice how the Yen tops and bottoms before the Nikkei. These moves are most obvious in points A, C, and D. Currently the Yen is ...

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FCX
FREEPORT-MCMORAN INC
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SI1!
SILVER FUTURES
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TLT
ISHARES 20+ YEAR TREASURY BOND E
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GOLD
RANDGOLD RESOURCES LTD - AMERICAN DEPOSITARY SHARES EACH REPRESENTED BY ONE ORDINARY SHARE
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HG1!
COPPER FUTURES
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RGLD
ROYAL GOLD INC
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