Author Archive for kimblechartingsolutions

Interest Rates Bottoming On Fed Decision Day?

Courtesy of Chris Kimble.

This afternoon the Fed will announce if they are going to lower interest rates. Does the bond market already have a rate decrease priced into the market? Possible!

This chart looks at the yield on the 10-year note over the past 20-years. Without a doubt, the long-term trend of lower highs remains in play.

Rates have declined over 35% since hitting 20-year falling resistance, that came into play in October of 2018.

The decline has rates testing rising channel support and the 2017 lows this week at (1). While dual support is being tested, weekly momentum is hitting the lowest level in the past 8-years!

If the Fed lowers interest rates today, is it possible that rates are actually ahead of the Fed, which puts them near short-term lows? Yes

Keep a close eye on what yields do this week as they could send a very important price message about where rates are headed in the short-term.

To become a member of Kimble Charting Solutions, click here.





Consumer Staple and Yields about to send key message to stocks?

Courtesy of Chris Kimble.

Could the Staples sector and the yield on the 10-year note be on the verge of sending an important message to the stock and bond markets? It sure looks that way.

Staples ETF (XLP) is currently attempting to break above the January 2018 highs at (1). If it does, it would be a breakout of the trading range that has been in play for the past 18-months, as it looks to have created a double bottom last year.

The yield on the 10-year note (TNX)  has declined nearly 35%, since peaking in October of 2018. The large decline in yields has TNX currently testing the 2017 lows at (2).

What would stock bulls love to see? Most likely a breakout by XLP at (1) and a rally by TNX off support at (2).

What would be of concern to stock bulls? A peak in XLP at (1) and a breakdown of support at (2).

In my humble opinion, the next big move by XLP and TNX will send very important messages to the stock and bond markets!

To become a member of Kimble Charting Solutions, click here.





Gold Bugs Index Attempting 8-Year Breakout, Says Joe Friday

Courtesy of Chris Kimble.

Are Gold Bugs fans about to receive positive news they haven’t had in years? Possible!

This chart looks at the Gold Bugs Index (HUI) on a weekly basis over a couple of decades. The index has spent the majority of the past 20-year inside of rising channel (1).

The index hit the top of the channel in 2011, where it peaked and started creating a series of lower highs for the past 8-years, which has formed line (2).

The index is now kissing the underside of falling resistance and the underside the 2016/2017 lows at (3).

Joe Friday Just The Facts Ma’am; The Gold bugs index is attempting to break out above “heavy” resistance at (3). If it succeeds, look for it to attract buyers and rally several percent.

If a breakout takes place at (3), look for GDX and GDXJ to do well!

To become a member of Kimble Charting Solutions, click here.





Stock Market Bulls Hope Lumber Prices Breakout to the Upside!

Courtesy of Chris Kimble.

For the past decade, Lumber prices have traded within a broad rising trend channel.

See (1) on the lumber “weekly” price chart above. Recently lumber prices hit the bottom of that channel and began to bounce higher. This could be good news for the S&P 500 Index and stock market bulls.

The past two times that lumber prices bounced off the lower channel and broke out above its short-term declining trend line (2), it was a bullish signal for both Lumber and the S&P 500.

Lumber is testing its short-term declining trend line right now (3) and may send an important message to the S&P 500 once again.

Stock bulls hoping for a breakout at (3). Stay tuned!

This article was first written for See It Markets.com. To see original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Coffee About To Heat Up And Breakout?

Courtesy of Chris Kimble.

Is Coffee about to perk up and rally? An important breakout test in a downtrend is near!

This chart looks at Coffee on a weekly basis over the past 40-years. Four different times over the past few decades Coffee created multi-year falling channels.

When Coffee succeeded in breaking out at each (1), strong rallies took place.

Coffee has cooled off the past 5-years, as it lost nearly 60% of its value since peaking in 2014.

A small counter-trend rally over the past few weeks has it nearing the top of a 3-year falling channel, where strong resistance comes into play at (2).

Someday Coffee will breakout from this falling channel as it did in the past at each (1). When it does, look for a tradeable rally to follow.

$107 looks to be the key resistance level/breakout line in the sand, which is still 10% above current prices.

To become a member of Kimble Charting Solutions, click here.





Bonds Peaking/Interest Rates Bottoming Here?

Courtesy of Chris Kimble.

This chart looks at the Yield on the 10-year note on a weekly basis. Interest rates look to have peaked last October. Since hitting those highs, yields have declined 35%!

This large decline has them testing the 2017 lows and its 61% retracement level of the 2016 lows/2018 highs at (1). While testing the support level, momentum is now deeply oversold, hitting the lowest levels in the past couple of years.

Has the decline in yields/rally in bonds created an extreme in sentiment? Yes!

This chart comes from Sentimentrader.com. It reflects that many investors are bullish bonds ( nearly 72% bulls). When rates were hitting highs/bond lows in October of 2018, only 20% of investors were bullish bonds. The majority was wrong last fall, will they be wrong again?

Are interest rates bottoming/bonds topping at current levels at (1) in the top chart? Very possible.  At the very least, a short-term rally in yields/bond decline is due.

If yields continue to fall and break support at (2), they would be suggesting the economy is most likely going to slow down!

If yields would happen to rally, lagging bank stocks might catch a bid! This looks to be an important inflection point for yields, bonds and stocks!

To become a member of Kimble Charting Solutions, click here.





Gold & Silver Receive Bullish Message From Euro, Says Joe Friday

Courtesy of Chris Kimble.

Is the hard-hit Euro about to send a bullish message to Gold, Silver & mining stocks? Looks like it this week!

Metals bulls want to see the Euro head higher to send them a bullish message. For the past 14-months, the Euro has created a series of lower highs and lower lows.

While trending lower, the Euro looks to have created a bullish falling wedge pattern, with the apex of the pattern at falling channel support.

Joe Friday Just The Facts Ma’am; The Euro is breaking above this bullish falling wedge this week at (1), which sends a short-term bullish message to Gold, Silver and the miners!

To become a member of Kimble Charting Solutions, click here.





Gold Target $1,800 following an upside breakout!

Courtesy of Chris Kimble.

Is Gold finally about to break out from a 5-year bullish ascending triangle pattern? We will find out very soon!

The price action of Gold since 2014 looks to be a series of flat tops and rising bottoms. It could be forming what is called a “Bullish Ascending Triangle” which is highlighted in blue at (1). Two-thirds of this time this pattern leads to an upside breakout.

The top of the pattern comes into play as resistance at the $1,380 level.

If Gold can succeed in breaking above this strong resistance the measured move of this pattern suggests its upside target comes into play around $1,800.

What is the first step towards $1,800?  A successful breakout and close above the $1,400 zone. If Gold accomplishes this breakout, look for it to attract buyers!

If pattern analysis in Gold, Silver, Miners, and Copper is important, you will find our Weekly Metals Reports of great value!

To become a member of Kimble Charting Solutions, click here.





Precious Metals Bulls Hoping King Dollar Topples Over Here!

Courtesy of Chris Kimble.

The Precious metals industry hasn’t had much to get excited about over the past 5 to 7 years. After peaking in 2011/2012, Gold and Silver prices fell sharply before trading sideways for several years.

So it’s been a traders market, with opportunities on both the long and short side. But Gold is charging higher again, fueled by talk of global trade wars, dovish monetary policy, and a potential topping pattern on the US Dollar.

The US Dollar Index is a good indicator to watch regarding U.S. Gold prices. When King Dollar is weak, it is a tailwind. And when King Dollar is strong, it is a headwind.

Over the past two weeks, the US Dollar has created bearish wicks on its weekly candles. This comes while it’s testing the 61.8 Fibonacci resistance level (1).

It’s also formed a bearish rising wedge pattern that would be confirmed by a move below support (2). Could a trading top on the US Dollar be the catalyst to spring Gold prices higher?

Metals bulls would love to see King Dollar top at (1) and a break of support at (2). Stay tuned!

This article was first written for See It Markets.com. To see original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





Silver Testing 20-Year Support, Hi Yo Silver Time?

Courtesy of Chris Kimble.

Silver has lost nearly two-thirds of its value in the past 8-years. Is the bear market in Silver about to end? What Silver does at (2) will go a long way to answering this question!

Silver has spent the majority of the past couple of decades inside of rising channel (1). It hit the top of this channel and its 1980 highs in 2011, where a major peak took place.

The 8-year decline in Silver has it currently testing the bottom of this channel and its 23% Fibonacci retracement level at (2).

Silver looks to be creating a descending triangle over the past few years. This pattern looks to be nearing completion, which suggests a large move in Silver is near.

In my humble opinion, Silver is facing one of its most important support tests in the past few decades. This is a MUST hold price point for hard-hit Silver!

Is it Hi-Yo Silver time for Silver? If Silver holds at support and breaks above falling resistance, look for a quality rally to take place!

To become a member of Kimble Charting Solutions, click here.





 
 
 

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Cannabis quality involves careful science and carefree highs

 

Cannabis quality involves careful science and carefree highs

Cannabis producers must ensure the quality of their products is high, but not too “high.” Dimitri Bang/Unsplash

Courtesy of Michael J. Armstrong, Brock University

Canada’s legal cannabis industry continues to make progress. Product shortages are decreasing. Store numbers are increasing. And ...



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Zero Hedge

Gold Spikes To 6Y Highs As Dollar, Bond Yields Plunge

Courtesy of ZeroHedge. View original post here.

The 10Y US Treasury yield is now down 11bps from the FOMC Statement, plunging back below 2.00% for the first time since November 2016, erasing almost the entire move since President Trump was elected...

Citigroup sees 10-year Treasury yields falling to about 1.65% by year’s end as the Federal Reserve cuts intere...



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Kimble Charting Solutions

Interest Rates Bottoming On Fed Decision Day?

Courtesy of Chris Kimble.

This afternoon the Fed will announce if they are going to lower interest rates. Does the bond market already have a rate decrease priced into the market? Possible!

This chart looks at the yield on the 10-year note over the past 20-years. Without a doubt, the long-term trend of lower highs remains in play.

Rates have declined over 35% since hitting 20-year falling resistance, that came into play in October of 2018.

The decline has rates testing rising channel support and the 2017 lows this week at (1). While dual support is being tested, weekly momentum is hitting the lowest ...



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Insider Scoop

Benzinga's Top Upgrades, Downgrades For June 19, 2019

Courtesy of Benzinga.

Top Upgrades
  • SunTrust Robinson Humphrey upgraded Tripadvisor Inc (NASDAQ: TRIP) from Hold to Buy. TripAdvisor shares rose 3.2% to $47.80 in pre-market trading.
  • Wedbush upgraded Six Flags Entertainment Corp (NYSE: SIX) from Neutral to Outperform. Six Flags shares rose 2.5% to $52.90 in pre-market trading.
  • Analysts at Goldman Sachs upgraded Lamb Weston Holdings Inc (NYSE: LW) from Neutral to Buy. Lamb Weston rose 3.5% to $61.03 in pre-market trading.
  • ...


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Biotech

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

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

 

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

If you’ve got the raw data, why not mine it for more info? Sergey Nivens/Shutterstock.com

Courtesy of Sarah Catherine Nelson, University of Washington

Back in 2016, Helen (a pseudonym) took three different direct-to-consumer (DTC) genetic tests: AncestryDNA, 23andMe and FamilyTreeDNA. She saw genetic testing as a way...



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Chart School

Silver Review

Courtesy of Read the Ticker.

The folks in the federal reserve will debase the US dollar currency to an extreme degree silver will finally lift off the floor.. 

Note: Readers should re watch the silver back screen news video, here.

The following video looks at price action and Wyckoff logic.

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Chart in video

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If gold moves, silver wi...

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Digital Currencies

Cryptos Are Crashing As Asia Opens, Bitcoin Back Below $8k

Courtesy of ZeroHedge. View original post here.

Having survived the day's bloodbath in US tech stocks, cryptos are crashing in the early Asian session, apparently playing catch-down to the day's de-risking.

While no catalyst is immediately evident, there are some reports noting 13 large global banks are preparing to launch digital versions of major global currencies next year, though we suspect this drop was more algorithmic that fundamental-driven.

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 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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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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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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