Author Archive for kimblechartingsolutions

Giant Topping Pattern Could Be Forming, Says Joe Friday

Courtesy of Chris Kimble.

The first fact of the day; The long-term trend for tech remains up and the decline into the lows on Christmas Eve DID NOT break this trend!

This chart looks at NDX 100 ETF (QQQ) on a weekly basis over the past 14-years. For the past decade, since the lows in late 2009, QQQ has remained inside of rising channel (1). As you can see the decline into the end of the year lows, did nothing more than test support, which held and a strong rally has followed!

Over the past few months, QQQ could be forming a “Head & Shoulders” topping pattern. It’s possible the 8-week rally off of 10-year rising support is forming a right shoulder.

Joe Friday Just The Facts Ma’am- Is a giant a topping pattern is in play?  QQQ would need to break the neckline and rising channel support at (3), to prove that an important topping pattern has been completed!

What would prove this pattern is a bust? Nothing more than a rally above the left shoulder highs and a break above last years highs!

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





Gold is Knocking on a Key Breakout Level

Courtesy of Chris Kimble.

For the past 5 years, Gold prices have traded sideways. There were plenty of “trades” to be made, but that type of price action tends to grind out long-term bulls and bears.

You can see this in today’s “monthly” closing chart for Gold (shown below).

Gold bulls caught a break recently when Gold broke out above its multi-year downtrend line at (1) and (2). This spurred a big advance in metals & mining stocks.

Can Gold bugs and bulls keep the momentum going? We should find out shortly.

Gold is currently knocking on a key breakout resistance level (3). A bullish message will be sent to bulls if Gold can breakout above the 2017 monthly closing highs!

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 Double Topping Here? Keep an eye on this pattern!

Courtesy of Chris Kimble.

Could Silver be creating a topping pattern at current prices? Possible, still too soon to tell though!

The first chart looks at Silver Futures on a daily over the past 18-months. The rally since Mid-November reflects that Silver is testing highs of a few weeks ago at (1).

Below looks at Silver on a monthly basis over the past 40-years-

This long-term chart highlights that Silver peaked in 2011 at the same price as it topped in the early 1980’s.

The rally of late has it testing falling monthly resistance at (1), which could be the top of a descending triangle. Both of these charts reflect that Silver is testing very important level on a daily and monthly basis currently!

Metals bulls would love to see a breakout from current levels. They would receive short-term concerning news if selling pressure gets started at current levels! Keep a close eye on Silver here friends as the current price point looks to be very important for Silver!

If you are interested in taking advantage of Power of the Pattern analysis on Silver, Gold, and mining stocks, you would benefit from being one of our Metals Members.

CLICK HERE for sign up details.

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





Are Bank Stocks Ready to Right-Side the Bull Market?

Courtesy of Chris Kimble.

The bank sector is a good indicator of the health of the broader stock market.

Bulls like to see the banks in a leadership role because it indicates that the economy is doing well. But when they begin to lose momentum and underperform, it often leads to pullbacks and corrections.

As you can see in today’s chart, the Bank Index (BKX) began to stumble well before the recent correction. And that bearish divergence was a warning to market bulls – similar to the 2015-2016 setup.

On the other hand, the recent rally has given bulls an opportunity to right-side this bull market. AND the banks could play a big role… similar to the bullish breakout following the 2015-2016 setup.

Zooming in on the chart, you can see that the Banks are testing an important downtrend resistance line. Are the Banks ready to breakout?

What happens here could send an important message to the broad markets. Stay tuned!

This chart was first published at See It Markets.com. To see original post CLICK HERE

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





Doc Copper About To Hurdle Important Breakout Level?

Courtesy of Chris Kimble.

Doc Copper often times sends important messages, to the global economy, reflecting growth or lack thereof. An important price test is currently in play for Ole Doc Copper!

The long-term trend for Copper remains up, as it has created a series of higher lows for the past 18-years along line (1). Over the past few months, Copper could be creating a double bottom just above this long-term rising support line at (2).

The small rally of late has Doc Copper testing the top of its 6-month trading range at (3).

Can ole Doc Copper hurdle this important breakout level? Keep a close eye on Copper at (3), as it could be about to send an important message to many markets by what it does at this key price point!

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





Gasoline bullish breakout could fuel higher prices, says Joe Friday

Courtesy of Chris Kimble.

Are we about to pay much higher prices at the gas pump? Possible!

This chart looks at Gasoline futures over the past 4-years. Gasoline has become much cheaper at the pump, as it fell nearly 50% from the May 2018 highs. The decline took it down to test 2016 & 2017 lows at (1). While testing these lows, Gasoline could be forming a bullish inverse head & shoulders pattern over the past few months.

Joe Friday Just The Facts- If Gasoline breaks out at (2), we could all see higher prices at the gas pump. If a breakout does take place, Gasoline ETF (UGA) should move higher in price.

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





S&P and Crude Bulls Would Love A Breakout Here!

Courtesy of Chris Kimble.

The S&P 500 and Crude Oil have been highly correlated over the past 10-months. Both peaked together at the same time around the first of October at (1) and both bottomed together near Christmas at each (2).

The ole Chicken or the Egg question comes to mind, as I’m not sure which one is leading the other, with the correlation being this tight.

The rally off the lows near Christmas has each very near falling resistance at each (3).

If the rallies are to continue for both products, S&P 500 and Crude bulls “Would Love” to see breakouts at (3). The bullish case would get a caution message if both experienced selling pressure at this potential resistance zone.

Wishing everyone a “Happy Valentines Day!!!” 

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





Simultaneous 200-Day Breakouts Attempts In Play!

Courtesy of Chris Kimble.

Is today the day that four important indices all break above their 200-day moving averages at the same time? Possible!

This 4-pack applies 200-day moving averages to the Dow, S&P 500, QQQ and the Transports. The short-term counter-trend rallies since the lows on Christmas Eve has three of the four knocking on the underside of the long-term moving averages, as the Dow is now above its 200-MA.

Below looks at the cumulative Advance/Decline lines of the S&P 500 and the Nasdaq 100-

Both A/D lines are now above last years highs and hitting new all-time highs at the same time. 

The strength in the A/D lines would suggest the odds are good that the indices in the 4-pack above should move above the 200-ma lines.

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





Eight breakouts you might want to be aware of!

Courtesy of Chris Kimble.

While it seems easy to find articles suggesting that the “Sky Is Falling” or a recession is right around the corner, some assets are reflecting positive patterns and breakouts.

This past weekend in our “Coffee With Chris” report, these eight assets were shared with our members. Each asset above is working on bullish breakouts above old resistance at each (1).

As the same time these assets were breaking out, two different Advance/Decline lines were experiencing similar patterns (upside breakouts).

If you would like to know what these assets are or would like a free copy of our Coffee With Chris report, send an email to Services@kimblechartingsolutions.com and we will send you a copy of this report.

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





Tech topping pattern forming? This would blow it up!

Courtesy of Chris Kimble.

Is the popular Tech ETF (QQQ) forming a “Head & Shoulders” topping pattern? Low odds, yet possible!

What would it take to eliminate that this pattern is sending a bearish message to the tech sector? A strong rally at (1), would blow up the likelihood that tech is topping here.

Below looks at the NDX 100 Advance/Decline Line-

The NDX Adv/Dec line did not break below the February lows, while the NDX 100 index did. This created a short-term bullish divergence.

Of late the A/D line is breaking out to new all-time highs at (2), which sends a positive message to the Tech Sector.

With the A/D line breaking to new highs, a rally at (1) in the top chart would greatly reduce the odds that an important topping pattern is in play. Tech bulls should keep a very close eye on what this key sector does the next couple of weeks!

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





 
 
 

Kimble Charting Solutions

Giant Topping Pattern Could Be Forming, Says Joe Friday

Courtesy of Chris Kimble.

The first fact of the day; The long-term trend for tech remains up and the decline into the lows on Christmas Eve DID NOT break this trend!

This chart looks at NDX 100 ETF (QQQ) on a weekly basis over the past 14-years. For the past decade, since the lows in late 2009, QQQ has remained inside of rising channel (1). As you can see the decline into the end of the year lows, did nothing more than test support, which held and a strong rally has followed!

Over the past few months, QQQ could be forming a “Head & Shoulders&...



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Zero Hedge

As The Real Estate Market Slows, Canadians Continue To Plunder Equity From Their Homes

Courtesy of ZeroHedge. View original post here.

Canadians are accelerating the rate at which they borrow cash against their homes, despite the fact that the real estate market is slumping in the country. This exposes the country's financial system to obvious vulnerabilities, according to rating company DBRS and Bloomberg.

Home equity lines of credit in Canada reached a record $184.5 billion (USD) as of October 31, w...



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Insider Scoop

Earnings Scheduled For February 22, 2019

Courtesy of Benzinga.

Companies Reporting Before The Bell
  • AutoNation, Inc. (NYSE: AN) is expected to report quarterly earnings at $1.15 per share on revenue of $5.63 billion.
  • United States Cellular Corporation (NYSE: USM) is projected to report quarterly earnings at $0.13 per share on revenue of $1.05 billion.
  • Magna International Inc. ...


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Phil's Favorites

The Science Behind the $13 Billion Medical Cannabis Industry

 

The Science Behind the $13 Billion Medical Cannabis Industry

By , Visual Capitalist 

 

The Science Behind the Medical Cannabis Industry

There’s nothing quite like cannabis in the plant kingdom. Beneath its humble surface, over 750 unique compounds exist within – all of which have helped propel the cannabis industry into the multi-billion dollar market it is today.

Today’s infographic from ...



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ValueWalk

What A Difference A Year Doesn't Make

By Michelle Jones. Originally published at ValueWalk.

In general, the markets seemed to be shaping up to be similar to what they looked like a year ago performance-wise. January was a month of strong returns, and now that we’re into February, we’re suddenly seeing a steep pullback. It remains to be seen whether the rest of the month will be as tumultuous as last February was.

12019 / Pixabay

However, a bit of good news is that even though the market performance is looking a lot like it did last year, the setup is quite a bit different, according to one firm. As a ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

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



Date Found: Thursday, 02 August 2018, 07:48:20 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: $600 BN interest payments for US gov, print baby print



Date Found: Sunday, 05 August 2018, 09:22:26 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Hire FED interest rates always brings double trouble



Date Found: Monday, 06 August ...

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Digital Currencies

Cryptos Are Surging: Bitcoin, Ethereum Hit One-Month Highs As Institutions Dip Toes

Courtesy of Zero Hedge

Cryptocurrencies are surging while the US equity markets take the day off. Ethereum is up over 18% from Friday's 'close' and the rest of the crypto space is a sea of green. While no immediate catalyst (headline or technical level) is clear, increasing chatter over institutional investors dipping their toes in the space have prompted an extension of the positive trend.

A sea of green...

Source: Coin360

Ethereum is leading the charge follow...



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Biotech

Cancer: new DNA sequencing technique analyses tumours cell by cell to fight disease

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

 

Cancer: new DNA sequencing technique analyses tumours cell by cell to fight disease

Illustration of acute lymphoblastic leukaemia, showing lymphoblasts in blood. Kateryna Kon/Shutterstock

Courtesy of Alba Rodriguez-Meira, University of Oxford and Adam Mead, University of Oxford

...

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Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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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:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>