Here's what the charts are saying about bitcoin
Technical Analysis is the study of the behavior of the market and market participants. We try and identify the direction of the primary trend and invest accordingly. As Technicians we can apply our...
View ArticleAirline stocks just got a lot more bullish
It’s hard to ignore certain market moves that tend to be very rare. Bullish outside days that engulf the prior period are one of those. I think this is exactly what we saw this week in the AMEX Airline...
View ArticleGold is on the verge of a big breakout
Last night, after Donald Trump bemoaned the strength in the dollar and the gold price jumped in reaction, I shared this chart on twitter. The last time gold tested this key resistance line, I was less...
View ArticleStock traders swear by these 12 technical indicators
If you’re planning to hold a portfolio of blue chip stocks well into retirement, then short-term movements in the market are not likely your biggest worry.However, if you dabble in the stock market on...
View ArticleHere's what the charts are saying about oil
During the last few sessions, crude oil has tumbled through key support at $50.00, at $48.50, and today, at $46.60, which has triggered a plunge to a 5-month low at $45.63 so far. Let's notice on the...
View ArticleHere's what the charts are saying about Cisco Systems
Below is my constructive, bullish analysis of CSCO presented in our 5/10/17 discussion, when the stock was trading at 33.64/65. This morning, CSCO opened on a 1.2% up-gap in reaction to both Morgan...
View ArticleThe charts suggest it's still too early to buy gold
It’s hard being a gold bug. They rarely ever get to be right. But why don’t they ever change their mind when the data changes? I don’t get it. There is nothing wrong with being bullish gold, but there...
View ArticleRed-hot tech stocks are facing a roadblock
Tech stocks are their own worst enemy.After a five-month stretch that's seen their share prices soar 17%, beating the broader market by two-fold, the group now faces one of its biggest challenges yet:...
View ArticleBANK OF AMERICA: 'Oil is in a downtrend and risks trending into the $30's'
Oil prices fell to seven-month lows on Tuesday, as traders continued to grapple with a market that is oversupplied. According to Paul Ciana, a technical strategist at Bank of America Merrill Lynch, oil...
View Article3 things the charts are saying about tech
1) The new all-time high in XLK established on Friday June 9 th followed by a high-volume Key Downside Reversal remains the dominant feature of the post-November upleg, and was accompanied by a glaring...
View Article3 things the charts are saying about the 10-year
Three things the technical set-up is telling us about the benchmark 10-year Treasury yield:The Momentum low of the correction after last year’s advance from 1.32% (7/06/16) to 2.64% (12/16/16) was...
View ArticleThe Mexican peso is reversing once again
It was on this blog that we posted on the 22nd of January a post called “USDMXN: Multiple signs point to a reversal” and predicted that the USDMXN was finally about to reverse the 3.5 year old wild...
View ArticleCITI WARNS: Gold is setting up for a drop
Gold is setting up for a drop, according to the CitiFX Technicals team led by Tom Fitzpatrick. The group warns a double top pattern has been confirmed, and that the precious metal should fall more than...
View ArticleHere's what the charts are saying about energy stocks
Here are three things the technical set-up is telling us about the S&P energy SPDR ETF, XLE:1) The dominant, multi-month downtrend from last December’s 11-month rally high at 78.45 (12/12/16)...
View ArticleGUNDLACH: Gold's chart has 'one of the most bullish' patterns around
Gold has been gaining steam over the last couple of days following news that North Korea could make nuclear warheads small enough to fit on missiles and the intense rhetoric that followed between...
View ArticleGOLDMAN SACHS: Here's when we'll know bitcoin's top is in
Bitcoin is experiencing a monster rally. It has gained more than 15% since Friday's close, topping $4,000, $4,100, and $4,200 for the first time before putting in a high of $4,216 a coin on Monday...
View ArticleHere's what the charts are saying about Home Depot
Home Depot (HD) beat on EPS, revenues, and same-store sales. However, after initially popping 2.5% to $158.11 from yesterday's $154.26, HD reversed sharply into negative territory. I am not sure what...
View ArticleGOLDMAN SACHS: This may not be the big correction that markets have been...
Calls for a stock market correction, a decline of 10%, have been growing lately, but Goldman Sachs say the recent sell-off wasn't the start of one. The S&P 500 logged a second straight weekly...
View ArticleStocks are flashing a bigger warning sign than they did for Brexit and the US...
Alarm bells for the US stock market are getting louder.Almost 8% of the companies in the S&P 500 are trading at 52-week lows, the most since February 2016, according to data compiled by Bank of...
View ArticleHere's what the charts are saying about Amazon (AMZN)
My analysis of Amazon (AMZN)'s charts on Monday identified a near-term potentially bullish formation juxtaposed against a tricky, potentially dangerous intermediate-term set up.From a near-term...
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