As is suggested by the heading even though we're seeing a rebound of DJI's rally one of it's confirming indicators is showing weakness. For the most part we use the Dow Jones Index as loose indicator of the overall economy, when it's performing well, on it's face, we discern that the economy is humming along well. As a confirmation for the thought process we use...
The exchange between gold and U.S. dollar has traced well with the Stochastic indicator for the last three years. Suggesting that it's been trading with a horizontal channel. Doing a forensic analysis, we notice the exchange's reaction to the robust ceiling at $1,350.57, that it's action is no different than the reaction towards the end of 2016. In that case it...
This may be my second or third time analyzing the dollar index, so bear with me on this latest go. Looking at the weekly chart, especially in the last year or so, we see there is strong evidence of a reverse head and shoulders, only that the left shoulder is still to be formed. But, the reverse left shoulder aside we still have another strong bullish indicator,...
I did this analysis really elucidate what an "extended ceiling" looks like. The annotations are pretty straight forward AND if you look well enough you'll see an upside-down cup and handle forming and if you squint just right you'll see a head and shoulders forming. I would've shown it on the diagram but the drawing would've become too busy to make sense. Notice...
Gold is turning up from a couple of weeks downward trend. Looking at the weekly chart, it looks like the commodity is trading in a channel of it’s just bounced off a two-year major support. If this is true, that gold is trading in a channel then this is a good opportunity to go long within the it. However, on the daily chart we see that gold has been on a downward...
The index look like it's testing the YTD resistance but the volume (9-day MA) is turning down, which might be a signal that the resistance might hold. Though the index is in a upward trend and the MACD is making new highs so there's hope that the resistance might be broken. With amount of noise in the market, the trade wars, the Brexit, and everything that's...
The answer is fiction, as long as Amazon is still around there's no room for Barnes and Noble. BUT, it just bounced off it's all time low ($4.25) after reporting it's earnings and it looks like we have a healthy rally to the resistance level from the previous cycle ($7.80 - $7.85). Given that it's currently trading at $6.30 and place a stop loss at $5.70 that...
In this analysis we're looking at the FTSE 100 1-yr trend. I'm really looking more to see if there's any efficacy analyzing a trend using Fibonacci retracements and Ichimoku's Cloud. It looks like the there's a resistance (and a possible support) at 7,527.3, the first Fibonacci level, the evidence of which is in the middle of august, just before October, and one...
AT this aspect of the analysis will be straight forward because at this point, after studying the long-term trend (5-yr), we discerned that the price was trending up. After looking at the 1-yr chart my conviction hasn't been swayed although the price's trend is heading into a resistance cloud and 31.8% resistance level I feel there's enough momentum to break...
This is the first part of my top down analysis of Wells Fargo which is looking to pick up the pieces from it's recent scandals. At this point of the analysis I'm working in reverse by looking at the trend before I look at the actual value of the company and it's financial position. The overall trend is upwards even though this year there was a massive retraction....
