Author Archive for Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

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Date Found: Saturday, 26 March 2016, 02:36:15 PM

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Comment: ZH: Its a BULLARD market, the FED jaw boning is keeping the market up!

Date Found: Sunday, 27 March 2016, 02:31:30 PM

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Comment: RTT: World trade near 2008/09 lows. SP500 near all time highs. PLACE YOUR BETS! Roll up! Roll up!

Date Found: Tuesday, 29 March 2016, 02:42:11 PM

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Comment: James Rickards-- Central Banks Will Send Gold to $10,000 or Higher youtu.be/J2j3msGymws

Date Found: Friday, 01 April 2016, 06:16:16 PM

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Comment: RTT: As of February 2016, approx. $7 trillion in government bonds were sporting negative yields-to-maturity. WTF!!!!

Date Found: Saturday, 02 April 2016, 01:35:59 PM

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Comment: ZH..”Denmark’s central bank governor, Lars Rohde comments that monetary policy has reached its limit. “We have reached a point where monetary policy no longer has a big overall impact,’’ he said on Monday. “[It's] overstreched [and] there’s a limit to what more one can do’.”…RTT: Point Negative interest rates is the END GAME! The Central banker powers beyond negative rates is ZERO or Nil or Nada or Zip! They will have to BUY ASSETS directly! Thus there is NO market for price discovery!

Date Found: Sunday, 03 April 2016, 05:26:13 PM

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Comment: RTT: Interest rates are at ZERO which means everything is miss priced! Returning to the norm will happen, and it wont be nice!

Date Found: Monday, 04 April 2016, 05:23:55 PM

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Comment: RTT: Official US Recession calls are not made by the NBER until we are deep in the mud of a down turn!

Date Found: Tuesday, 05 April 2016, 02:08:46 PM

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Weekly Market Recap Sep 25, 2016

Courtesy of Blain.

The week that was…

It was all about the Federal Reserve as we noted it would be.  In last week’s recap we said:

From this perch there has been and continues to be zero expectation for a September rate hike as the Fed doesn’t want to be seen as “political” and trying to move the market ahead of November, but the Fed is at least trying to throw some bones out there to make the market a bit less complacent.

…and:

All eyes on the Federal Reserve with a meeting Tue/Wed and a press conference by Yellen Wednesday.   Since we expect nothing to happen Wednesday in terms of raising rates maybe the market will be in “relief” mode.  Unless there is strong language from Yellen hinting at a December rate hike.

So the market got what it wanted and we predicted.  And we saw a big rally Wednesday as is the norm when the Fed gives the market what it wants.  Which is almost always the past 2 decades.

The policy-setting Federal Open Market Committee, in a 7-to-3 vote, opted to keep rates steady in what Chairwoman Janet Yellen described as a “new normal” as central banks elsewhere around the globe embark upon quantitative-easing measures.

Everyone sat on their hands Monday and Tuesday waiting for the “all clear” signal from the Fed.  Once that was achieved a sturdy rally happened Wednesday and Thursday.   Friday gave back about half of that.

On the economic front, news releases were non events.

Here is a 5 day “intraday” chart of the S&P 500 via Doug Short.

spx-five-day

Here are the most shorted stocks in the Russell 3000 as expressed by short interest as percent of “float” (i.e. shares that trade publicly).

shorted

If you are a college student check out the thinkorswim Challenge!  Here is a review by our sister site Stockbrokers.com.  Since it’s only one month our suggestion is to go big or go home!

Students from Universities across the US form teams, register, than compete in a four-week trading competition, running October 10th to November 5th. Each


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Selecting gold stocks by relative strength

Courtesy of Read the Ticker.

selecting-gold-stocks-by-relative-strengthBefore you make your investment decisions stop and review the relative strength of the stock to the sector or index.





 More from RTT Tv














NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this:  It never was my thinking that made the big money for me.  It was always my sitting.  Got that?  My sitting tight!”…



Jesse Livermore





..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..



John Templeton





..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..



Warren Buffett





..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…



Paul Samuelson





..”If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks”..



John (Jack) Bogle











Price and volume health check

Courtesy of Read the Ticker.

price-and-volume-health-checkThose who use volume as part of the technical studies will say the wish to see a rising market where volume is greater on the upswing that that on the down swing.



A very good demonstration of this is shown by the readtheticker.com NetVolume indicator, if volume is healthy during a rising market then the NetVolume will rise with the trend, if it is not then other forces are at work.



Also divergence is between price and the NetVolume indicator add value, if you have a fall in the market and the NetVolume indicator does not show an equal swing down, then the divergence must be bullish and the swing down can be considered a light volume sell off.



The NetVolume indicator is a price and volume trend ‘health check’, it is not a market timing tool, or an oversold or over brought indicator.



In the chart below the (Symbol: SSRI) NetVolume indicator gave an early warning signal that a turn was near, on reviewing other gold and silver stocks with the NetVolume indicator and apply Wyckoff logic it was clear accumulation was present and higher prices could be expected in the future. The rest is history.





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SSRI






NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…”I did not know then what I learned later, what made me fifteen years later, wait two long weeks and see a stock on which I was very bullish go up thirty points before I felt that it was safe to buy it. I was broke and was trying to get back, and so I waited. That was in 1915.”…



Jesse Livermore





..”The key to making money in stocks is not to get scared out of them”



Peter Lynch





…“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”…



Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).





..”If past history was all there was to the game, the richest people would be librarians”..



Warren Buffett





..”it is better to have few stocks and to watch them carefully”…



Bernard Burach











Weekly Market Recap Sep 18, 2016

Courtesy of Blain.

The week that was…

After the big selloff a week ago Friday, bulls rushed right back in Monday shooting the S&P 500 up 1.47% as Federal Reserve governor Brainard was dovish; some of Friday’s selloff was due to expectation she’d be hawkish.  The probability of a rate increase at the September Fed meeting fell to 15% from a previous reading of 24% post speech  After Monday, the Fed entered its “blackout” period ahead of its Sept. 20-21 policy-setting meeting.

Speaking at the Chicago Council on Global Affairs, Brainard said the Fed should be cautious about raising interest rates to avoid getting trapped in a low-growth, low-inflation environment.

However, all those gains was lost Tuesday.  Buyers came in again Thursday, which was surrounded by two relatively quiet and slightly negative days.  All in all, it is nice to see some volatility return from the snoozer that was late summer.  However heightened volatility brings more risk to the bulls.   From this perch there has been and continues to be zero expectation for a September rate hike as the Fed doesn’t want to be seen as “political” and trying to move the market ahead of November, but the Fed is at least trying to throw some bones out there to make the market a bit less complacent.

On the economic front, retail sales (-0.1% vs a +0.3% expectation) and industrial production (-0.4% vs -0.3% expectation) came in weaker than expected which is “good” if you love free Federal Reserve money for the rest of your life.  If you care about the actual economy – not so good.

“Retail sales number was disappointing, especially given that so many economists were forecasting an improvement in the second half of the year. The economy is growing at an anemic pace,” Wiegand said.

Here is a 5 day “intraday” chart of the S&P 500 via Doug Short.

spx-five-day

Did GM just shock Tesla?  The 2017 Chevy Bolt now has the same range as the Roadster.

This week a century-old Detroit automaker, General Motors Co., not Tesla, unveiled the latest breakthrough electric car. The 2017 Chevy Bolt


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Intermittent Updates until October 1st

Courtesy of Declan.

Back in NY for a couple of weeks, so updates will be fewer until I return.





Distribution Volume Holds Near Thursday’s Highs

Courtesy of Declan.

Friday saw some big volume, although there was a relatively tight price action to close near the highs of Thursday.




Best of the action looked to belong to the Nasdaq as it knocks on the door of 5,287. A gap higher on Monday opens up for a push to new all-time highs. Watch if it coincides with a MACD trigger ‘buy’, this will strengthen the validity for the move higher and encourage technical buying.






Large Caps have more work to do as jobs data losses remain dominant. A bearish cross of the 20-day MA against the 50-day MA sets up another overhead supply point for shorts to attack.  Other than oversold conditions, there is little of positive technical note for the S&P.





It’s a similar picture for the Russell 2000 as for the S&P. This index is underperforming relative to the S&P and Nasdaq which puts it at the bottom of the pile for attractive buyers.  However, a positive start from the Nasdaq should help power gains for the Russell 2000, but the index will have to get past 20-day and 50-day MA resistance.





While longer term charts are still in bears favour, there is an indication shorter term strength is contributing to a reversal in the long term.  First of these to come around is the Dow Theory – Dow:Transports relationship.  There is a positive channel break with a technical ‘buy’ signal; can this end a 2-year+ decline?





While I remain disappointed with my Copper stop-out, commodities remain the value sector:





For next week, keep an eye on Tech indices.  Value players can look to play the commodity opportunity, but need to be more flexible than I have been with the stop (i.e. smaller position with a wider stop).




You’ve now read my opinion, next read Douglas’ and Jani’s.




I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for “fallond”.




If you are new to spread betting, here is a guide on position size based on eToro’s system.









Tech Indices Get Their Boost

Courtesy of Declan.

Bulls got their reward with the Nasdaq popping higher following a series of inside days. The coiling action brought about by recent action delivered over a 1% gain. Volume climbed to register an accumulation day. In addition, the post-jobs report breakdown gap was closed, turning the decline into a brief consolidation. A challenge on 5,288 is next.






The S&P also managed a 1% gain, but it hasn’t yet undermined the prior decline. Technicals remain net bearish, although the relative performance of the index to its peers ticked higher. Despite strength in the Nasdaq, Large Caps still have their work cut out.





The Russell 2000 experienced a day similar to the S&P, but it doesn’t have the relative performance gain experienced by the S&P. Bulls still have a long way to go.





My (frustrating) stopped out Copper trade is reaping the benefit of Semiconductor gains. A big move for the index will continue to fund gains in the Nasdaq and Nasdaq 100. Relative performance has also seen a bullish cross against the Nasdaq 100.





For tomorrow, keep an eye on Tech indices and supporting Copper prices.  The Nasdaq and Nasdaq 100 are well positioned for follow through gains. Bears need to continue to pressure Large Caps; watch for some early morning upside as optimism extends.




You’ve now read my opinion, next read Douglas’ and Jani’s.




I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for “fallond”.




If you are new to spread betting, here is a guide on position size based on eToro’s system.









Apple Inc With Gann Angles

Courtesy of Read the Ticker.

apple-inc-with-gann-anglesThe stocks with a wide following are excellent for Gann Angles, and even if you know nothing about the stock market judging your portfolio with Gann Angles will keep you on the right side of the trade.



The point with Gann Angles is you wish to own stocks that rise faster in price units than time units, A Gann Angle of 1×2 means (Time Unit vs Price Unit) means that price is going up 2 units of price to 1 unit of time.



Nothing wrong with that!





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Apple Inc Weekly




And on the Daily Chart..





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Apple Daily






NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..”Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future.”..



William D Gann





..”Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected”..



George Soros





..”Money couldn’t buy friends, but you got a better class of enemy”..



Spike Milligan





..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…



Paul Samuelson





…“To me, the ‘tape’ is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!”…



Martin Zweig











Tech Rallies Stall, Large Caps at Low

Courtesy of Declan.

The day started with bulls enjoying a positive start, but much of these gains were clawed back by the close. The Nasdaq had the best of the action, doing enough to finish above yesterday’s close – but not enough to finish at the day’s highs. Instead, Tech averages left an ‘inverse hammer’ in what is looking like committed bearish action.







Large Caps finished at the lows and is knocking on the door of another leg lower. Technicals are bearish, but close enough to oversold to suggest a bounce soon. Watch for a washout, like a doji or bullish hammer, to mark a bottom for these indices.





The Russell 2000 finished near recent lows and below its 50-day MA. There is support at 1,190 to lean on, but after that there is the 200-day MA. Relative performance has dropped through the floor, but it has been scrappy throughout the summer. Action has the look of a trading range low, but bulls need to make a stand if this is to be proven true.





For tomorrow, watch for washout swing lows for Large and Small Caps. It may prove to be a relatively uneventful day for the Nasdaq/Nasdaq 100.




You’ve now read my opinion, next read Douglas’ and Jani’s.




I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for “fallond”.




If you are new to spread betting, here is a guide on position size based on eToro’s system.









 
 
 

Kimble Charting Solutions

Silver facing "bunch" of resistance, sentiment lofty

Courtesy of Chris Kimble.

Below looks at a chart on Silver, dating back to the early 1970’s. Silver created an important top at $50 in 1980, did it create another important top at the same price in 2011?

CLICK ON CHART TO ENLARGE

Silver hit $50 in 2011, which was the highs back in 1980 and since then, has created a series of lower highs and lower lows.

Silver is now testing a bunch of resistance lines and its Fibonacci 61% retracement level at (1), wi...



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Zero Hedge

Oil Crashes After Saudi-Iran "No Deal" Headlines

Courtesy of ZeroHedge. View original post here.

It appears the entire headline-hockey debacle was a farce: SAUDI ARABIA, IRAN MADE NO PROPOSALS DURING MEETING: ZANGANEH

Just minutes before, we got this...

  • *U.A.E. `OPTIMISTIC' ABOUT REACHING OIL DEAL, MAZROUEI SAYS
  • *UAE: GREAT IF WE CAN GET FREEZE; MKT WILL STILL RECOVER IF NOT
  • *UAE: NOT DISCUSSING ANY ALLOWANCES FOR MEMBERS TO RAISE OUTPUT

Which Irania...



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ValueWalk

Trump Tweet Blaming Climate Change On Chinese Is Still Out There

By Brendan Byrne. Originally published at ValueWalk.

The first presidential debate between Donald Trump and Hillary Clinton was full of noteworthy moments.

One of them related to the idea that climate change might not exist, which is still a popular view among a small group of people. During the action on Monday, Clinton said that Trump believes “that climate change is a hoax perpetrated by the Chinese.”

The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.

— Donald J. Trump (@realDonaldTrump) November 6, 2012

Tweet is still online despite claims...

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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

China Stemming Defaults Leaves Junk Bonds Hottest in 5 Years (Bloomberg)

China has stanched a string of defaults and speculation authorities will continue to stave off failures is leaving investors the most bullish on local junk bonds in five years, despite record maturities.

BlackRock Issues Warning on Treasuries as Fed Moves Toward Hike (Bloomberg)

BlackRock Inc., the world’s biggest money manager, said investors should ...



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Phil's Favorites

Who Won the Debate? My View and Some Surprising Polls

Courtesy of Mish.

I thought Trump did poorly.

Trump missed a chance to go after Hillary about Libya, especially her statement “we came, we saw, he died” in which she bragged about killing Gaddafi. Libya erupted in a civil war following that event and terrorists are running the country. Well done Hillary.

Trump also missed a chance to attack the Clinton Foundation.

Trump faced three gotcha questions, and Hillary zero. On those grounds, the debate was quite a bit biased. Still, Trump missed a golden opportunity on some of the questions.

On the nuclear war issue, Trump should have commented “Hillary has supported every war every time.”

On the Birther issue, he simply should have stated, “I changed my mind. If we saw the birth certificate soone...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Saturday, 26 March 2016, 02:36:15 PM

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Comment: ZH: Its a BULLARD market, the FED jaw boning is keeping the market up!



Date Found: Sunday, 27 March 2016, 02:31:30 PM

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Comment: RTT: World trade near 2008/09 lows. SP500 near all time highs. PLACE YOUR BETS! Roll up! Roll up!



Date Found: Tuesday, 29 March 2016, 02:42:11 PM

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OpTrader

Swing trading portfolio - week of September 26th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Members' Corner

Market Liquidity and Macroeconomic Bullshit

 

Market Liquidity and Macroeconomic Bullshit

Courtesy of The Nattering Naybob

STJL - "Apparently macroeconomics is all bullshit – ROFL! Paging Naybob now… Famous Economist Paul Romer Says Macroeconomics Is All Bullshit."

The Nattering One muses... Macroeconomics as practiced by academics and those in charge is pure voodoo. Better to chant over goat blood, bird feathers and scattered entrails...

As for reality, overnight CNH HIBOR (...



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Mapping The Market

Here's a Cautionary Tale of Pension Privatization From Chile

Via Jean-Luc:

"When you let the free market take over, the little people get screwed and bankers get rich. Chile tried privatizing retirement plans and surprise, surprise, fund manager ate the profits… Pretty sure the results would be the same here..."  ~ Jean-Luc

Here's a Cautionary Tale of Pension Privatization From Chile

By KEVIN DRUM, Mother Jones

Among free-market fans, Chile's privatized pension plan has long been held up as a model for us to follow. The problem, as the Financial Times notes today, is ...



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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.

...



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Biotech

Epizyme - A Waiting Game

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Promotions

PSW is more than just stock talk!

 

We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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