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The advance decline difference is signaling that fewer and fewer stocks are participating in this most recent stock rally, in other words the rally is running out of steam.
Does this mean we will correct tomorrow? Not necessarily, what it does mean is that we are seeing a divergence between the participating equities and the...
SPX appears due for a near-term pullback after reaching the 127.2% fib extension target from the September 2018 swing high to thee December 2018 swing lows.
Additionally we are sitting at the top of the 3 ATR band, this also suggests that we are near-term extended.
I would expect a garden variety index pullback (no more than 5% or so), given the overall...
Quick one on AAPL:
- Tagging 3 ATR on the weekly and daily time frames, suggesting that a pullback is likely
- The trend (as shown from the curved line) has gone parabolic, which is impossible to continue on that path
- Price has become detached from the 9 ema, suggesting that the run has reached a stopping point (most likely for a breather before moving...
Watch for Bitcoin (or even just the futures to fill this gap), as you can see prior gaps were ALL eventually filled, i expect the same here.
A move to fill this gap would also coincide with my prior call for a brief retracement, and would also present with a re-entry point for those who have yet to gain exposure.
Quick one here.
SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC.
This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices.
Another piece of information to bear in mind.
Quick one on QQQ today, as you can see we are a hair away from the 1.272 fib projection ($199.42) from the prior move up (beginning in 2008 at the lows to the swing high/ low in 2015).
Will this act as resistance? I would think so, we may have a few more positive days, but these fib levels typically act as quite substantial resistance, this is ignoring the clear...
After a quiet few weeks on gold, the yellow metal appears to be failing in this most recent breakout attempt that was observed on the daily time frame.
Weekly Time frame:
This is not at all surprising when you zoom out to the weekly chart, which clearly shows excessive exuberance to the upside, rallying quite substantially outside of the 3 ATR channel (the red...
Apologies for the multi post, i feel it bears reminding (particularly for newer participants in the markets), it can be difficult to contain your emotions during exuberant moves such as these.
This chart is the keltner setup, we are currently at the 3rd ATR, this roughly represents a std deviation of around 3, on a normal distribution (i understand these are not...
As i noted in my most recent Bitcoin update, we were either going to see a big bounce from the 61.8% Fib level, or a big selloff, it appears as though the former is playing out.
Bitcoin has surprised everyone with a two day rally (2nd day in progress) of over 40% from the lows around $7300 to over $10,000.
I would suggest people not chase the move, wait for a...
The Nasdaq is at an important juncture at present time, as you can see we are in a massive rising wedge pattern (that typically resolves to the downside when triggered).
But it is also worth examining the last major bubble economy (given the current parallels) namely 2000 and 2007, in order to get a clearer picture of what is on the cards.
From what we can see...
Yes it is nothing new or original, but it bears repeating.
The inversion of the 2yr and 10yr US yields still remains the holy grail of predictive indicators, once these yields invert (the 2yr yields more than the 10yr) start your stop watch to recession.
DO NOT BE CAUGHT OUT
Protect your wealth that you choose to hold within the financial system, think about...
As my Subs will be aware i was concerned with the recent price action with Bitcoin particularity the low conviction on any bounces and the continued overhead resistance, this was several weeks ago, when i was pitching a continued fall to the $7,000 level.
Well we are currently at that level, so the question is where to from here?
We are at a pivotal point for...
* Red line = Fed begins QE
This is both one of the most sobering charts that any Equities investor can see, as well as one of the most exciting chart for Precious Metals investors.
This is the Nasdaq/ Gold ratio (blue line, right scale) compared against the fiat NDX (orange line, left scale).
What is immediately apparent is the clear correlation of these two...
That's right, more overvalued than during year 2k and the subsequent tech wreck that ensued.
Simple, measure the RUT against something that is not transient, i.e. in this case silver.
Frustrated with the back and forth of the market during late 2018-2019?
Not if you were measuring assets correctly, for those with the forethought to do so, they are...
Using the Crypto market cap (excluding BTC) we can gain an insight into the altcoin's potential trajectory.
After the explosion in 2017 it was apparent that a harsh and brutal correction was inevitable, it may appear that the worst may be over.
As you can see the altcoin market has retraced the typical 90% from bubble swing low to swing high, in fact the Nasdaq...
As BTC and the rest of the overall market bleeds red, there are a select few gems out there signalling the brutal alt bear market may be in the accumulation phase, one potential is RCN.
Yes it is too late to call the bottom of the alt coin market, however, it is obvious that there are investors out there using this opportunity to accumulate.
Perhaps the biggest...
Profit Target = 50% fib retrace (around $142)
Exit signal = Close trade if price closes above $155
- VMW in triangle consolidation pattern (possible continuation pattern)
- Price resistance at $155 (hence using a close above this point as the exit signal)
- Failure to breakout of 1 ATR channel
- Moving averages clearly indicating a...
SP-500/ Gold - #ValueCycle Analysis
*Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500
*I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below)
Macro Analysis: Lower Chart
- After the lunacy of the tech wreck in the late 90's...