Archive for the ‘Chart School’ Category

Coffee – About to Perk Up and breakout here?

Courtesy of Chris Kimble

Coffee- About to Perk Up and breakout here? kimble charting solutions

Coffee has been rather cold the past few years, as Coffee ETF (JO) has declined from $80 back in 2011 to $15 of late. This decline has created a interesting Power of the Pattern setup and drove away most bullish investors in Coffee.

Below looks at Coffee ETF JO and the pattern it has been making the past few years -

Coffee ETF (JO) Weekly kimble charting solutions

No doubt the trend in Coffee is down at this time. As mentioned above, JO looks to have hit support of a bullish falling wedge at (1), where it created a rather large bullish wick (reversal pattern) a couple of weeks ago. A small counter trend rally has taken place the past couple of weeks and now JO is testing resistance of the bullish falling wedge at (2).

If Coffee would happen to breakout, it could create a short covering rally as traders have amassed the most lopsided/crowed trade in the history of Coffee futures.

We have been sharing this pattern with Premium and Sector members over the past 6-weeks. If you would like to receive charts like this on a daily or weekly basis, we would be honored if you were a member.

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This sector is ready to move!

Courtesy of Read the Ticker.

this-sector-is-ready-to-moveThis sector is showing the price pattern known as the ‘heart’, it is ready to move. Last time we saw this pattern price doubled.

With reference to our swing trade idea of long Barrick Gold (Symbol:ABX) the sector is setting up again, for a big move. Get ready and time you entry!


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Sector XAU

The theme song for this idea is:

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

Investing Quote…

..”Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader”…

Jesse Livermore

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

Nobel Laureate for Economics Paul Samuelson

..“By failing to prepare, you are preparing to fail”..

Benjamin Franklin

..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..

Spike Milligan

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

Peter Lynch

Semiconductors Find Some Traction

Courtesy of Declan.

Since my last update, there was a significant break and piecemeal recovery across many markets. Not all markets suffered to the same degree and new leadership could emerge.

The Semiconductor Index made steady gains after suffering the largest profit sweep in June. The bearish engulfing pattern remains the dominant pattern but the index managed to return above the 20-day and 50-day MAs (not to mention, the former rising channel). Relative performance improved against the Nasdaq 100 but it hasn’t yet challenged the ‘bull trap’ created after the bearish engulfing pattern.

Another index making positive inroads is the Nasdaq. It was able to find support at the slower channel line and only recently made it across the 20-day and 50-day MA.  The bounce hasn’t yet reached a point where it could be considered a decent swing low but the fact the bounce was off a support line is a significant positive. Added to this are the ‘buy’ signal in On-Balance-Volume and a return above the bullish mid-line for stochastics.

The S&P hasn’t reached channel support – a good place to look for a bounce. What it did do was finish with a ‘bullish hammer’ off the 50-day MA. This index is coming off a ‘bull trap’ which still looks to be in selling mode (relative performance is poor) but a push above today’s high would rank as a minor resistance breakout and be a reason for optimism

One significant event which occurred last week was the loss of rising support in the Russell 2000. This move, likely controlled by stop hits, has stabilised and represents a chance for buyers to take a punt on a new breakout coming soon. In this regard, 1400 would look to be key support.

For tomorrow, look for buyers to continue the good form of today. With many markets having fallen inside prior trading ranges it puts markets on a more neutral footing.  It’s probably going to take a couple of weeks for one side to assert dominance but for those markets closer to resistance a chance for fresh…
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RTT browsing latest..

Courtesy of Read the Ticker.

rtt-browsing-latestPlease review a collection of WWW browsing results.

Date Found: Sunday, 16 October 2016, 08:58:56 PM

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Comment: Reggie Middleton “When Deutsche Bank Collapses, It Will Bring The Europe…

Date Found: Monday, 17 October 2016, 01:44:44 PM

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Comment: Interesting financialrepressi…

Date Found: Thursday, 20 October 2016, 02:42:33 PM

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Comment: War is so stupid! We do not want to find out if this true.

Date Found: Friday, 21 October 2016, 02:29:30 PM

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Comment: H1B Visa USA secret weapon! The genius visa! ..”USA has the worst educational system on science”…

Date Found: Saturday, 22 October 2016, 02:54:40 PM

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Date Found: Sunday, 23 October 2016, 01:45:31 PM

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Comment: Catherine Austin Fitts-Clintons Addicted to Privilege

Date Found: Wednesday, 26 October 2016, 04:30:15 PM

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Comment: Martin Armstrong comments: Called Brexit right, big trouble coming in 2017 with German and French elections. TRUMP will win popular vote, but the elites wont let him into the White House

Date Found: Thursday, 27 October 2016, 11:19:43 PM

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Comment: Gold Cycle: Check!

Date Found: Friday, 28 October 2016, 02:22:27 PM

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Comment: Clif High and Datamining the Web. Way of the future and must watch.

Date Found: Saturday, 29 October 2016, 01:15:27 PM

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Weekly Market Recap Jul 09, 2017

Courtesy of Blain.

Some more volatility hit late this past week but any pullback of note (Thursday) still has bulls rushing in (Friday).   Modest moves Monday and Wednesday sandwiched the holiday on Tuesday.    The “rotation out of tech” continued most of this week:

“The rotation out of tech is dominating stocks and is the overarching theme in the market,” Mike Antonelli, equity sales trader at Robert W. Baird & Co. said. “People should not mistake rotation for volatility, and I am not terribly freaked out as investors are not selling everything equally.”

“Technology has four times greater impact on the averages than oil because of technology’s massive percentage of the capitalization of the S&P,” Kent Engelke, chief economic strategist at Capitol Securities Management Inc. said. “The amount of monies required to keep the megasized technology growth issues at current levels is gargantuan.”

Wednesday saw the release of Federal Reserve meeting minutes, which indicated a reduction in the central bank’s balance sheet could begin soon.

Several members showed they’re in favor of starting a reduction of the central bank’s $4.5 trillion balance sheet. Holding those assets were part of the policy portfolio that the central bank had taken on while holding interest rates at historic lows.

A very nice upside surprise in economic data Monday as ISM’s manufacturing index rose to 57.8 in June, compared with 54.9 in the prior month, marking its highest level since 2014. A reading of 50 indicates expansion.  Thursday’s non manufacturing data was also quite nice:  the Institute for Supply Management’s nonmanufacturing index rose to 57.4 in June from 56.9 in May.

Friday’s employment data reversed some of the poorer data seen in earlier months.

The U.S. created 222,000 new jobs in June as hiring accelerated in the spring.  The increase in new jobs was the largest in four months and second biggest haul of the year.   Economists had forecast a rise of 180,000 and unemployment to hold at 4.3%.  The government also raised its estimate of new jobs created in May to 152,000 from 138,000. April’s gain was increased

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Emerging Markets about to Submerge?

Courtesy of Chris Kimble


Emerging Markets (EEM) has done well this year, gaining over twice as much as the S&P 500 (17% -vs- 7%). These gains have Emerging markets facing resistance dating back to the highs in 2008 and a couple of other important resistance lines in the chart below.

Emerging markets monthly (EEM) kimble charting solutions


Emerging markets have been a downside leader since 2008 and an upside leader since early 2016. EEM is testing triple resistance with momentum lofty.

If support would give way at (2), selling pressure could pick up speed, leaving room for Emerging markets to “submerge!” Important price point at (2) for this key market. The tight jam EEM finds itself at right now, could create a good deal of movement, when it resolves this narrowing pattern!

Bulls so much need EEM here to breakout to the upside!

This information is coming to you from Kimble Charting Solutions. This is the home of the Power of the Pattern where we provide concise, timely and actionable chart pattern analysis and commentary so in very little time you know the pattern at hand and action to take.   We are honored by your interest in our chart pattern analysis.  

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Opposites Attract

Courtesy of Declan.

On a day where losses were recovered and gains lost it was more of the same for indices. The index I’m watching most for leads is the Russell 2000. The Russell 2000 has languished for many months but is showing signs of strength in what could turn out to be a very good second half of the year for the index.  Today saw losses which dropped the index back to rising support (a fresh buying opportunity?) but relative performance lost a little ground. Further losses would keep the index stuck inside its range and therefore be less attractive for buyers.

The Nasdaq recovered a little ground but the breakdown is established and will take time to reverse.  Technicals are net bearish.

The S&P remains inside its range after its ‘bull trap’. Ordinarily, moves off ‘bull traps’ frequently reverse hard but this isn’t the case here. The 50-day MA is there to offers support should sellers take another run at this.

For the rest of the week, keep an eye on the Russell 2000. This index is key to the health of the broader market. Most indices have already enjoyed substantial rallies since Trump’s election but for these to continue fresh blood is needed – and the Russell 2000 could provide it.

You’ve now read my opinion, next read Douglas’ blog.

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.

Energy Stocks Slammed Most In 4 Months, Nasdaq Bounces Despite “Worse Than Lehman” Bearish Bets

Courtesy of ZeroHedge. View original post here.

Seemed appropriate…

Once again 'soft' data is hope-ing as 'hard' data is nope-ing…

Nasdaq outperformed (avoiding its worst losing streak since 2016) and Small Caps underperformed… Dow closed unch

Having first pointed out the spike in relative Nasdaq risk in early June, Put Open Interest in QQQ (Nasdaq ETF) has since spiked to its highest level since 2007

"Value" dipped as "growth" bounced back into the green for July..

It was a weird day for stocks and bonds…

Oil prices tumbled after Russia hinted it would not support further output cuts…

Which in turn smacked Energy stocks – biggest drop in 4 months – as banks and tech outperformed…

FANG Stocks bounced modestly but remain lower in July so far…

And Tesla Tanked..

The Dollar Index ended the day practicaly unchanged – jumping and dumping after the Fed minutes…Notice that for the 3rd day in a row, the dollar was incessantly bid from 3am to 7am ET (green arrows)…

The biggest movers in FX land were The South African rand (tumbled around 1.75% on local political worries and land confiscation concerns), while the Turkish lira fell near 1.5% as Kurdish tensions heightened.

Treasury yields fell modestly on the day (bonds rlalied into the close after an initial sell-off after the fed)…

Gold and silver ended the day lower (though rallied post FED)…

How Big Could A Correction Be?

Courtesy of Lance Roberts,

“There is nothing wrong with America that the faith, love of freedom, intelligence, and energy of her citizens cannot cure.” – Dwight D. Eisenhower

“If we just stick together, and remain true to our ideals, we can be sure that America’s greatest days lie ahead.” – Ronald Reagan

Hope you had a great “Independence Day.”

On Monday, the market was open for a half-day preceding the “Independence Day” holiday, and with the majority of the “human element” on vacation, the markets surged as the “robots” kicked in to “buy the recent dip.”

I noted in this past weekend’s missive:

“As noted on Friday, the last couple of weeks have experienced a sharp rise in price volatility. While stocks have vacillated in a very tight 1.5% trading range since the beginning of June, there has been little forward progress to speak of. However, notice that support at 2416 has remained solid as ‘robots’ continue to execute their program of ‘buying the dips.’” 

Of course, the problem is what happens when these algorithms begin to reverse and “sell the rallies?” That is the question I want to explore today which is simply: “how big of a correction is coming?”

For the purpose of this exercise, we will look at the S&P 500 Index as the proxy for the markets and use a Fibonacci retracement measure on a daily, weekly and monthly basis spanning various time frames in the market. The analysis will be run using, for each time frame, the most important previous support levels as the starting point.

A quick explanation on Fibonacci retracements in case you are unfamiliar from

“Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback.“

Click the link above if you want more detail.


On a daily price basis, which is more important for shorter term holding periods, the

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Wyckoff Bitcoin target $5,000 – Update

Courtesy of Read the Ticker.

wyckoff-bitcoin-target-5000--updateUpdate to our very popular bitcoin (BTCSTAMPUSD) analysis.

Supply has dried up, if that is it, then demand has the freedom to push prices up! Two things can slow the advance: Supply overcoming demand, or no interest from demand (or as Tom Williams used to say ‘No Demand bars’).

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

Investing Quote…

…“Losing money is the least of my troubles.  A loss never troubles me after I take it.  I forget it overnight.  But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”…

Jesse Livermore

The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.

Basketball Legend Michael Jordan.

..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

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

Paul Samuelson

My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.

Marc Faber



India vs. China: Pakistan Onboard To Help Destroy New Delhi

By Polina Tikhonova. Originally published at ValueWalk.

India vs. China are inching closer to an all-out military confrontation, with Pakistan onboard to help its ally bring down New Delhi.

Pakistan might get into a direct military confrontation with India after all. As Beijing and New Delhi are on the brink of war due to the border standoff near the Sikkim sector, Islamabad is ready to help its long-time military, economic and diplomatic ally with soldiers and weapons in case things on the Indian subcontinent spiral out of control.

Pakistan / Pixabay

As the state-run Chinese media rev...

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Phil's Favorites

Cracks Appear in Philadelphia Fed Regional Manufacturing Report

Courtesy of Mish.

Actual industrial output has been far weaker than the regional Fed manufacturing reports and the ISM report for at least a year.

Yesterday we heard from the Empire State region. Today the spotlight is on the Philadelphia Fed Business Outlook Survey where new orders plunged.

Econoday notes “cracks” in the survey.

There finally may be cracks appearing in Philly Fed which has, since the election, bee...

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Zero Hedge

Dollar Tumbles, Stocks Slammed As Mueller Expands Probe Into Trump Business Transactions

Courtesy of ZeroHedge. View original post here.

It was quiet, too quiet. Markets were comfortably drifting ever higher (10th day up in a row for Nasdaq) and then headlines hit on Bloomberg reporting that special counsel Robert Mueller wil be probing Trump's business transactions and will extend his investigation to examining the dealings of Kushner and Manafort.

It is likely that such a wide-angle approach to the probe could trigger a response from the ...

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Insider Scoop

If The iPhone 8 Is Delayed, Will Anyone Care?

Courtesy of Benzinga.

Related AAPL Contract Manufacturers Are Joining Apple's Side As Qualcomm Legal Concerns Continue The Feds Hop In The Driver's Seat... more from Insider

Chart School

Small Caps Breakout

Courtesy of Declan.

It has taken a few days for Small Caps to make their move but today was the day the Russell 2000 joined other indices in mounting a breakout. It was a clean breakout supported by positive technical strength - putting to bed the June 'bull trap'. Watch for the second round of stop-whips with an intraday move (and recovery) below 1,430.

Other indices added to their breakouts. The S&P gapped and pushed on, backed by higher volume accumulation. Watch for a tag of upper channel resistance.


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Members' Corner

Why we need to act on climate change now


Why we need to act on climate change now

Interview with Jan Dash PhD, by Ilene Carrie, Editor at Phil’s Stock World

Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist's Approach, Jan devotes a chapter to climate change and its long-term systemic risk. In this article, Ilene interviews Jan regarding his thoughts on climate change and the way it can affect our futu...

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Digital Currencies

I bought my first Bitcoin


I bought my first Bitcoin

Courtesy of 

So you are now free to dump all of your crypto-currencies because this surely marks an all-time top.

But I thought I’d mention it anyway.

For those who are curious about why and how, I’ll just say the following…

I’m old enough to realize that just because I don’t see a use for something, that doesn’t mean I won’t be proven wrong by others who do. At the current moment, I don’t see the financial industry use for Bitcoin other than some marginal activities like settling commodity trades that are very far divorced from my day to day existence. I understand the bene...

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swing trading portfolio - week of July 17th, 2017

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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Immunotherapy: Training the body to fight cancer

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


Immunotherapy: Training the body to fight cancer

Courtesy of Balveen KaurThe Ohio State University and Pravin KaumayaThe Ohio State University

An oral squamous cancer cell (white) being attacked by two T cells (red), part of a natural immune response. ...

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Mapping The Market

The App Economy Will Be Worth $6 Trillion in Five Years

Courtesy of Jean-Luc

This would be excellent news for AAPL and GOOG to a lesser extent although not inconsequential:

The App Economy Will Be Worth $6 Trillion in Five Years 

In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the...

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NewsWare: Watch Today's Webinar!


We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...

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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.


EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...

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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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FeedTheBull - Top Stock market and Finance Sites

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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About Ilene:

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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