MrAndroid

MrAndroid

Just simple marking of the various lows and highs of TLT shows that the last swing high of the chart was lower than the previous one as was the low. Therefore this could indicate that the bond bear market is actually continuing and that the previous apparent reversal was a false breakout. If we close this week below the previous swing low I think that spells trouble.

MrAndroid

To me this very clear and clean downward parallel channel has now been broken out of, with a confirmation of a retest of that line. Perhaps this is a good opportunity to go long on the S&P500.

MrAndroid

Nice looking bullish cup and pattern on this chart of tobacco producer BATS. Could be a long opportunity.

MrAndroid

Looking at this chart what I see is a break down from an ascending parallel channel within a longer term descending channel. Indeed if I do a measured move replicating the previous down leg it is not hard to see a trajectory back towards dollar parity, possibly this year. This could well also explain the increase in yields in the gilt market as investors find...

MrAndroid

British long bond yields, in this case 30 year yields are breaking out from a long term ascending triangle pattern. Higher long bond yields tend to translate to higher interest rates so if this trend continues could impact the housing market and the overall economy of Britain.

MrAndroid

Very long term pattern of head and shoulders has emerged on Samsung. This is the UK traded stock. Whether you can short it or not I don't know but extreme caution on going long is probably a good idea.

MrAndroid

Looks like the USD is breaking out of a bullish inverse head and shoulders pattern on this hourly chart. Yen resumes its journey downwards after all the blather about it surging.

MrAndroid

Nice pattern clear on this stock which just broke above resistance.

MrAndroid

TLT long term Treasury ETF closed the week higher than the 50 week moving average. Also it is breaking out above a triangle trend line. Weekly RSI shows a succession of higher swing lows. I think this chart shows that TLT, having had a huge bear run over several years, has finally turned around.

MrAndroid

The Yen has been in the post head and shoulders triangle pattern, just about holding at support for a few weeks now. This chart has at last shown a significant downside move. I see a true crisis brewing for the Yen. The central bank of Japan may simply run out of ammunition.

MrAndroid

The current monthly chart pattern for SPX appears to be an ascending broadening wedge, a bearish pattern contrasting with the prior pattern of a bullish descending broadening wedge which is now mirrored. Evidence of a further decline in momentum is that the monthly RSI shows divergence.

MrAndroid

The Yen v Dollar having already started the plunge out of a very long term head an shoulders move with resistance confirmed is now at the bottom of a descending triangle pattern. A failure to reverse this pattern and go lower could mean a dramatic slide in the Yen. It is not surprising that the Japanese Central Bank announced a rate hike. Generally everything they...

MrAndroid

I drew this parallel channel in an attempt to get some kind of clue as to when the mighty Nvidia might finally see a serious correction or trend reversal. It uses the mid line to show points of trend bounces. There is also the current channel which could intersect with the upper boundary of the main channel soon. Note that this is just a sketch. There are not...

MrAndroid

META has risen 20% today. This is on top of very significant gains over the last year. I would be very reluctant to chase this now because there was a clear potential channel from several support points to the previous all time swing high that could now come into play.

MrAndroid

Last night on the Asian markets gold broke out above resistance in what was a very promising long term inverse head and shoulders pattern. But is it all a big fake out? The daily candle is currently a big shooting star with price being below the resistance line. It remains to be seen whether this pull back gets bought.

MrAndroid

The US Treasury bond 2 year yield is at a level last seen in May 2006. In July 2022 the yield broke out of what was a long term down trend since 1989. Now we can see what happens next. Will the rates breakout above this level? If they do then that could indicate a real trend shift.

MrAndroid

DXY looks like it could breakout of this chart pattern which could be interpreted as a bullish falling wedge. Price has just nudged against the trendline.

MrAndroid

1% move down for gold draws out a bearish head and shoulders pattern on the chart. This is an hourly chart so it doesn't predict a huge drop in price but even so looks like the resistance level above (1981), which got tagged recently, is still strong.