Author Archive for Chart School

Gold getting ready to move

Courtesy of Read the Ticker

gold-getting-ready-to-moveBy Xmas 2021 the DEM’s must set a foundation for their run in US Mid Terms late in 2022. The DEM’s have a few narrative problems, but one they wish to avoid is a ‘stock market crash’. They must produce enough juice for the economy to hold up into the mid term elections.

In short it is more debt, a  higher debt ceiling, and more debt for the FED to buy, a larger balance sheet for the FED. This means hard currency remains in a uptrend and higher prices will be soon upon us.

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Gold

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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

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…

..“The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”..

Jesse Livermore

..”Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.”…


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RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Tuesday, 01 June 2021, 08:00:33 PM

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Comment:
The Fed is now a bigger player in the US Treasury market than foreigners WTF! Yields suppressed!

Date Found: Friday, 11 June 2021, 06:38:32 PM

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Comment:
One of the best contrarian indicators are major IPOs (or ETF listings) in a particular sector. Looking back, the recent Coinbase IPO appears to perfectly fit that bill.

Date Found: Monday, 14 June 2021, 05:46:31 PM

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Comment:
J@TimmerFidelity In my view, it looks like the bottom is in.

Date Found: Monday, 14 June 2021, 06:20:37 PM

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Comment:
@DTAPCAP Bitcoin has never topped with volatility this low. Massive upside still ahead.

Date Found: Friday, 18 June 2021, 10:57:21 PM

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Comment:
@TaviCosta Name the one industry with:Triple digit FCF growth, Insanely cheap valuations, Strong balance sheet, Profitability on the rise And, that is now historically oversold.

Date Found: Friday, 18 June 2021, 11:32:37 PM

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Comment:
BTC forecast by Raoul Pal of GMI

Date Found: Tuesday, 22 June 2021, 06:16:26 PM

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Comment:
@VaradMarkets US Core PCE #Inflation: Visualization of Fed’s Inflation trajectory using (SEP) projections from June FOMC (v/s March FOMC), By jacking up 2021 projection (2.2% to 3.0%), Fed has acknowledged less transitory nature of Inflation,Next release: Fri, 25 Jun (YoY Exp 3.4%)

Date Found: Thursday, 24 June 2021, 05:22:12 PM

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Comment:
Get the feeling BTC is not done!

Date Found: Wednesday,…
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Silver during periods of Industrial Inflation

Courtesy of Read the Ticker

silver-during-periods-of-industrial-inflationWhen industrial inflation is hotter than consumer inflation silver does well.

Previous Post: Silver, after the FED said taper talk is a long way off

In the chart below we see the relationship between silver and the yield curve and the Producer Price Inflation. 

The yield curve is the US 30 yr interest rate less the Fed Funds interest rate (blue line). When the blue line is high a steep yield curve is present, and when it is low a flat yield curve is present. A steep yield curve is when longer term rates are higher than short term rates vica versa for a flat yield curve.

A steep yield curve is when the long term rates are higher than the short term rates, suggesting investors are not selling risk on assets and buying safe bonds, this is a healthy risk on environment. A flat yield curve is a period of economic concern as investors are selling risk on assets and buying safe bonds, this is when the blue line is falling and if below zero it may lead to a recession. Silver price tends to suffers during recessions.

Economic recovery is when the blue line moves from up from zero, this recovery leads to increased industrial and investor demand for silver. 

POINT: Yield curve recovery leads silver price recover.

The next indicator (red line) is the industrial producer price inflation ratio to the consumer price inflation, or PPI divided by CPI, or business versus the consumer. If during a period of yield curve recovery we also have hot producer price inflation the silver price recovery is likely to be more aggressive. 

Higher inflation arrives during periods of abundant money supply while suffering market constraints (or shortages). There is abundant money around (after FED printing) and COVID19 has disrupted supply chains resulting in shortages. High demand for items in short supply creates inflation.

Currently 2021 PPI is red hot versus CPI and if this persist like the periods of 1973 to 1982 and 2006 to 2014 (ex 2008 shock) silver will likely see higher prices.

POINT: Hot industrial price inflation will support higher silver prices. 

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Gold and Silver Volume Waves Review

Courtesy of Read the Ticker

gold-and-silver-volume-waves-reviewThe sign says it all. The professionals want the public to focus on the words, to scare out the weak hands, but the color of the sign underlines the value in a money printing world, its gold stupid.

Point and figure (PnF) charts draw price waves with the sum of volume per wave. PnF charts high light true accumulation underneath price action. This is why Richard Wyckoff favored PnF charts.    

In the charts below we see price moving sideways to down, yet volume on up waves are greater than volume on down waves. At the moment there is no heavy selling on down waves. Or in other words price is being moved down at a low volume expense to allow accumulation at a lower price.

This action represents professionals building their bullish position over time. They do have to sell volume to get price down so they can buy more at a lower price. Simply, sell 10 @ $1 and lower to buy 12 @ $0.90, rinse and repeat, and yes their overall position grows. In the end the professionals will have a position of size for greater profit (to learn more please study Richard Ney work within RTT Plus library).

POINT: So long as heavy selling does not occur then gold and silver ETF’s are being accumulated. Even if heavy selling does occur, we watch for even large buying to offset it. So far gold and silver action remains bullish and the period time passed suggests accumulation activity is near the end and a mark up will most likely follow. Keep watching between Nov 2021 and Jan 2022.

Chart 1 – Gold ETF

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Gold

Chart 2 – Silver ETF

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Silver

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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,

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Litecoin shows the value of price channels

Courtesy of Read the Ticker

litecoin-shows-the-value-of-price-channelsreadtheticker studies the old masters (Gann, Wyckoff, Livermore, Dewey/Hurst/Cycles) but it has to be said simple price channels clearly show the support and resistance road map for price.

NOTE: RTT Plus members can review our library of 'Big Channels' charts, via RTT Charts (main menu in RTT Plus)

Chart 1 – See how (log) price moves between the parallel channel lines, forecasting zones of support and resistance, as well as rally's and sell offs targets becomes a breeze.

 

 

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litecoin
 

 

 

 


Chart 2 – You can measure a price swing move by seeing how it moves between channel lines, the last LTC rally went from 50 to 400 or 3x blue channels. The price low after the July 2021 correction was near $120, so add 3x blue channels widths (same as before) and your new target is near $1000.

 

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Litecoin
 

 

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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow users to load objects and text on charts, however, some
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RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Sunday, 25 April 2021, 05:34:36 PM

 

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Comment:
@crescatkevin We believe it's the dawn of the Great Rotation where investors will be selling overvalued long duration financial assets and buying undervalued hard assets including scarce resource stocks with high near-term growth fundamentals. Rising inflation is self-reinforcing catalyst.

Date Found: Thursday, 29 April 2021, 05:16:22 PM

 

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Comment:
@BreesAnna Everyone is talking about #india #ivermectin – I’m not there and don’t feel I can comment. But I do know it was quiet and under control before they started vaccinating two million people a day.

Date Found: Saturday, 01 May 2021, 10:50:53 PM

 

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Comment:
@TaviCosta Insane. 73% of the top 50 gold & silver miners are now profitable on a FCF basis. The highest level we've ever seen. One thing is clear: Miners continue to improve their margins, tighten up their cost structure, and generate more money than any other time in history.

Date Found: Sunday, 02 May 2021, 05:22:23 PM

 

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Comment:
Ooh so true!

Date Found: Wednesday, 05 May 2021, 06:04:08 PM

 

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Comment:
@TaviCosta How in the world can the Fed reverse its monetary policy when the US twin deficit is 25% of GDP.

Date
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US Dollar Short Term Cycle Peak Near

Courtesy of Read the Ticker

us-dollar-short-term-cycle-peak-nearThe US dollar is likely to peak near or soon after the FED Jackson Hole speech. The FED is testing market sentiment.

The FED is likely to taper its balance sheet (via Bullard, say starting 2022 Q2), the taper is likely to be with mortgage backed securities (not US Treasuries, unless they want the yield curve to shoot up). This should not wobble the markets too much.

The US dollar is rallying into the Jackson Hole speech, therefore it is normal market action to see the unwinding of shorts positions. Also, in truth no one knows if the FED will make a mistake (remember the taper tantrum). If you review the CTFC COT reports there is no explosion of open interest which supports the idea that short positions are being closed.

Cycles confirm the current emotions surrounding Jackson Hole time frame.

Cycle 1 – Short term DXY peak expected soon.

 

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DXY 1
 

Cycle 2 – Long View of the above, notice the fractal.

 

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DXY 2
 

 

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Changes in the world are the source of all market moves, to catch and ride the change we believe a combination
of Gann AnglesCyclesWyckoff, and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service.

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…

 


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Gold Gann Update – Current Pullback

Courtesy of Read the Ticker

gold-gann-update--current-pullbackA quick look at the current gold 'smash' sell off with zero point Gann Angles managing the pullback.

Drawing Gann Angles from ZERO on the date of an important previous high is the starting point in drawing these angles.

The fits looks very good, which suggest the 'whales' use Gann Angles in their process, of course if they fail we may consider another important high point to re draw Zero Gann angles from.


For Members: These angles are drawn with the Trendline Degrees tool.

 

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GLD
 

 

 

 

 

 

 

 

 

 

 

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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

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…

 

 

 

 

 

.."Successful tape reading is a study of force. It requires the ability to judge which side has the greatest of pulling power and one must have the courage to go with that side"..

Richard D Wyckoff

.."When I bet big .. I have a mind to own a position for years ..


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Bubble Watch – Maybe it only just started, Dow 50000 – Update 2

Courtesy of Read the Ticker

bubble-watch--maybe-it-only-just-started-dow-50000--update-2A brief chart post of why Dow 45,000 to 50,000 is on the table.

Many are forecasting a blow off top for stocks. This is fair, and it has happened a few times before, one lead into 1987 (first chart below, see A)  and another into 2000 (first chart below, see B and C) Dow Jones market tops.

The Detrending Price Oscillator (DPO) indicator measures price away from a simple moving average in percentage terms.

POINT: In short it measures how far the rubber band is stretched. 

Lets look at the DPO indicator. Currently today’s price position is at 3 (or 60%) this is equal to prior positions of 1 and 2 (first chart below). The DPO price (3) can move all the way up to prior tops of A,B and C, to X. If this happens, it will be equal to a Dow Jones price range of 44,000 and 50,000, see X??. This a percentage gain of 25% to 45%  (current Dow Jones is 35,000).

POINT: Investors will not want to miss out on these gains.

The red cycle shown on the Dow as worked very well over 100 years, please review the red cycle high during the 1987 top, this can happen again in 2021/22. History may not repeat exactly, but it sure can rhyme. 

Chart 1 – Dow with the DPO.

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DOW 1

Chart 2 – Price bands

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DOW 2

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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow
continue reading





RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Saturday, 13 March 2021, 06:40:57 PM

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Comment:
@crossbordercap Peak liquidity already evidence from our GLI momentum signal…has 6-9 month lead-time on markets and 15-20 months on economies

Date Found: Friday, 19 March 2021, 10:55:22 PM

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Comment:
Twin Deficits pressure on the USD

Date Found: Tuesday, 23 March 2021, 05:03:54 PM

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Comment:
@RaoulGMI The seasonal pattern in BTC seem to be 2 to 3 weeks early this year… This set back should be April, the march set back happened in Feb…history rhymes..thus far.

Date Found: Monday, 29 March 2021, 05:04:12 PM

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Comment:
In short: not only is everything back to abnormal, but we now have full-blown buyback mania back coupled with the Fed injecting $120BN in liquidity every month until at least 2022. For those who somehow think that this makes for a prudent shorting combination, our condolences.

Date Found: Monday, 29 March 2021, 05:11:03 PM

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Comment:
@badcharts1 Silver’s 70$ target in Q4 2021

Date Found: Wednesday, 31 March 2021, 02:32:05 AM

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Comment:
@MI2Partners In #macroeconomics, when you get the direction of the #USdollar right, the rest falls into place. Triffin’s Dilemma reminds us of the inconsistencies in domestic & international goals. The consequences for the #d

Date Found: Wednesday, 31 March 2021, 02:33:34 AM

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Comment:
@MI2Partners Recent survey data from @BankofAmerica & others shows #investors are taking way more risk than usual at a…
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Phil's Favorites

How Netflix affects what we watch and who we are - and it's not just the algorithm

 

How Netflix affects what we watch and who we are – and it’s not just the algorithm

pixinoo / Shutterstock

Courtesy of David Beer, University of York

Netflix’s dystopian Korean drama Squid Game has become the streaming platform’s biggest-ever series launch, with 111 million viewers watching at least two minutes of an episode.

Out of the thousands of programmes available on Netflix globally, how did so ...



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Zero Hedge

Where Are We In The Market Cycle?

Courtesy of Jesse Felder, TheFelderReport.com

(The following blog post was adapted from a recent Market Comment featured on The Felder Report PREMIUM, as published at ZeroHedge)

Lately, I’ve started to notice many signs suggesting we are now well past the peak in risk appetites. To begin with, Citi’s panic/euphoria model, developed by Tobias Levkovich (and renamed in his honor after he sadly passed away last weekend), is a terrific visual representation of this phenomenon. In the early part of this year, it soared to ...



more from Tyler

Politics

Steve Bannon faces criminal charges over Jan. 6 panel snub, setting up a showdown over executive privilege

 

Steve Bannon faces criminal charges over Jan. 6 panel snub, setting up a showdown over executive privilege

Defiant or following Trump’s direction? John Lamparski/NurPhoto via Getty Images

Courtesy of Kirsten Carlson, Wayne State University

The House committee investigating the Jan. 6 attack on the U.S. Capitol is tasked with providing as full an account as possible of the attempted insurrection. But there is a problem: Not everyone is cooperating.

As of Oct. 14, 2021, Steve Bannon, a one-tim...



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Biotech/COVID-19

Ivermectin is a Nobel Prize-winning wonder drug - but not for COVID-19

 

Ivermectin is a Nobel Prize-winning wonder drug – but not for COVID-19

While ivermectin was originally used to treat river blindness, it has also been repurposed to treat other human parasitic infections. ISSOUF SANOGO/AFP via Getty Images

Courtesy of Jeffrey R. Aeschlimann, University of Connecticut

Ivermectin is an over 30-year-old wonder drug that treats life- and sight-threatening parasitic infections. Its lasting influence on global health has been so profound...



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Digital Currencies

Is This the Way?

 

Is This the Way?

Courtesy of 

A listener asked something that’s on a lot of investors’ minds? Should I be taking way more risk?

I’m 34 y/o and a couple of years ago a friend of mine took enormous financial risk, betting his life savings on obscure crypto coins (Elrond and Fantom). The bet paid off and he has managed to turn $30k into $6 million. Can you please help me make sense of this? I have always considered myself to be financially responsible, saving a large percentage every month for retirement.

I’m concerned I’m being too responsible and need to incorporate more risk into my portfolio. My Roth IRA/403(b) is...



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Chart School

Gold getting ready to move

Courtesy of Read the Ticker

By Xmas 2021 the DEM's must set a foundation for their run in US Mid Terms late in 2022. The DEM's have a few narrative problems, but one they wish to avoid is a 'stock market crash'. They must produce enough juice for the economy to hold up into the mid term elections.

In short it is more debt, a  higher debt ceiling, and more debt for the FED to buy, a larger balance sheet for the FED. This means hard currency remains in a uptrend and higher prices will be soon upon us.





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...



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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.