Author Archive for kimblechartingsolutions

Joe Friday Says Germany (DAX) Could Rally 30%, Happy Valentines Day For The Bulls!

Courtesy of Chris Kimble

German DAX Index “weekly” Chart

The German DAX is one of the more important global stock market indices, as it represents the largest economy / market in the Euro Zone.

So it would be a real treat for the bulls to see this stock market index breakout as we celebrate Valentine’s Day.

The facts, Ma’am. Just the facts; The German DAX looks to have formed a bullish ascending triangle over the past 3 years and it is currently attempting to breakout above the top at (1).

A measured move would add the height of the base at (A) on top of the breakout area (B) and suggest a potential price target of 18,000.

That’s a nearly 30 percent rise from current prices!

Stock market bulls in Germany and the States are wishing on this Valentine’s Day for a breakout of this pattern at (1).

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

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





Gold Bulls Hope the Euro Holds Long-Term Trend Line!

Courtesy of Chris Kimble

Currencies play an important role with precious metals.

Gold and Silver either have the tailwind of a weak US Dollar or the headwind of a strong Dollar.

Today’s chart looks at another key currency that often moves in different directions than the US Dollar, and thus has an effect on precious metals.

It’s a long-term “monthly” comparison chart of Gold Futures (top frame) and Euro Futures (bottom frame).

The Euro and Gold have made important lows at each (1) on the chart. And they tend to be when the Euro is testing its long-term uptrend line (2).

Well, that is happening again at (3).

Will the Euro head higher again, thus weakening the Dollar, and providing a tailwind for Gold Bulls? Stay tuned!

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

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





Commodities Turn Weak, Suggesting Stocks Will Follow?

Courtesy of Chris Kimble

Are commodities suggesting a lack of demand is in play on a global basis? Possible! Could this impact stocks? So far it has not!

The chart looks at the Thompson/Reuters Commodities Index over the past 30-years. This index has created a series of lower highs since it peaked back in 2011.

The index has found line (1) to be support and resistance (highs and lows) several times over the past 13-years.

This index kissed the underside of 800-pound dual resistance two months ago at (2) and selling pressure drove it quickly lower last month.

Doc Copper, Crude Oil, and Yields and commodities continue to decline in price, should this be of concern for stock investors?

As this time this phrase comes to mind; “It doesn’t matter until it matters!”

Doc Copper, Crude Oil, and Yields are each testing the lows of last year. If they break down and break below last year’s lows, will they send a concerning message to stocks?

History would suggest that in time, commodities weakness will send a caution message to stocks. We will see if it’s different this time!

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





Joe Friday; Looks Like One Of These Assets Is Not Telling The Truth!

Courtesy of Chris Kimble

Historically Stocks, Yields and Doc Copper often trend in the same direction. Unless its different this time, one asset(s) is way out of whack!

This chart looks at the S&P 500, Doc Copper and the Yield on the 10-year note over the past 5-years.

From late 2015 until late 2018, correlations between the three were pretty decent, especially at the 2016 lows.

A big correlation change has taken place since December of 2018. Since then, the S&P has rallied while Yields and Copper have experienced declines, creating one of the largest spreads between the three in many a blue moon!

Joe Friday, Just The Facts Ma’am; This historically large spread should narrow, odds are low it will continue for months to come.

The billion-dollar question is this; which asset(s) will play the biggest game of “Catch-Up???” Are stocks overextended or has Copper/Yields declined way more than they should have?

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





Doc Copper Attempting To Break 20-Year Rising Support

Courtesy of Chris Kimble

If the saying “So Goes Doc Copper, So Goes The Global Economy” is true, what Ole Doc Copper does from current levels will send an important message to global markets!

Doc Copper has spent the majority of the past two decades inside of bullish rising channel (1), as it has created higher lower and higher highs.

Since the 2011 highs, Doc Copper has spent a good deal of time creating lower highs and lower lows.

This downward price action has Copper attempting to break below its 20-year rising channel.

A horizontal support line has been created by Copper at the $2.50 level over the past few years.

Doc Copper is again testing the key support level this week at (2). What Doc Copper does at the $2.50 zone could well send an important message to the global markets!

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





Tesla Completing A Bearish “Eiffel Tower” Topping Pattern, While At Resistance?

Courtesy of Chris Kimble

Tesla have been charging higher since the lows of last May, as it has rallied from $200 a share to nearly $800! Is it about to run out of juice?

This chart looks at Tesla (TSLA) over the past 9-years. It has spent the majority of the past 7-years, inside of bullish rising channel (1). It touched the bottom of the channel last May, where the powerful rally got started.

The rally off the May low has TSLA testing the top of the rising channel, as its Fibonacci 261% extension level of the 2016 lows and 2017 highs at (2).

While testing the underside of the channel and the 261% extension level, TSLA could be creating a very large weekly bearish reversal pattern, near mid-week.

I’m wondering this morning if; This is an 800-pound resistance test? Will the bearish reversal pattern still be in play at weeks end? Is TSLA completing an “Eiffel Tower” topping pattern at these resistance levels?

Where TSLA finishes the week should go a long way towards giving us a clue to these answers!

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





Crude Oil Sending Stocks A Buy Signal For The 4th Time?

Courtesy of Chris Kimble

Is Crude Oil bottoming for the 4th time the last 8-months? Is Crude Oil suggesting that stocks are at a low about to experience a strong rally?

Crude Oil has rallied off support line (1), which is the $50 level, three different times since May of 2019. Each time Crude turned higher off the $50 level, it experienced at least 15% rally.

At the same time, Crude was pushing higher off support, the S&P 500 was at a low and about to experience a quality rally as well.

Oil and Stock bulls are keeping a close eye on what Crude does at (2) this week, as Crude could be sending a positive message to markets for the 4th time in the past 8-months.

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





Crude Oil Bulls May Need To Take Cover If This Support Breaks!

Courtesy of Chris Kimble

Crude Oil has seen some pretty wide price swings over the years.

And, as we wrote about earlier this month, stock market bulls don’t like it when crude oil prices reverse lower.

In today’s chart, we look at crude oil’s latest turn lower and why bulls need prices to firm up ASAP.

The trend for crude oil remains up, as prices have remained inside the rising trend channel (1) since the 2015 lows.

Support is support until broken and a strong support test is in play at this time!!!

BUT the recent price reversal lower has crude oil testing dual support at (2). This area is marked by lateral support and its rising trend support line.

Crude Oil bulls may need to take cover if this dual support area fails to hold. 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.





Is AMD’s Stock Topping? Stock Market Bulls Hope Not!

Courtesy of Chris Kimble

Large cap technology stocks have been bull market leaders, pushing the stock market higher into 2020. One of those leaders has been Advanced Micro Devices NYSE: AMD.

But investors were not impressed with Advanced Micro Devices (AMD) financial outlook this week and sent the stock lower.

This isn’t good news for stock market bulls… at least as of right now.

Looking at the “monthly” chart of AMD below, we can see that this move lower is coming after testing breakout price resistance (at old highs). And this turn lower may be contributing to a bearish reversal pattern.

Stock market bulls hope that AMD breaks out here, not tops!

There’s plenty of time left for bulls to defend this price reversal and send the stock to new highs. But investors need to stay tuned!

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

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





Will Junk Bonds Continue To Send A Positive Message To Stocks?

Courtesy of Chris Kimble

If the saying “So goes Junk Bonds, So goes stocks” is true, what Junk bonds do in the next couple of weeks could send an important message to stocks!

Junk bond ETF (JNK) has created a series of higher lows since June of last year. When JNK moves higher like this, historically it sends a positive message to stocks.

JNK has declined a very small percentage in the past two weeks, which has it testing rising support at (1).

So far JNK is not sending a negative divergence to stocks.

If JNK holds at support and rallies off (1), they continue to send a positive message to equities.

If JNK fails to hold at the dual test of support at (1), they would send a negative message to stocks for the first time in 6-months.

Keep a close eye on Junk over the next couple of weeks, as these bonds most likely will send an important clue to the next intermediate move is stocks.

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





 
 
 

Zero Hedge

Mapping Out The Banking Elite's Goal For A Cashless Monetary System, Part 1

Courtesy of ZeroHedge View original post here.

Authored by Steven Guinness,

Back in 2014 the Bank of England became the first central bank to publish research on digital currencies through their quarterly bulletin (Innovations in payment technologies and the emergence of digital curre...



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Phil's Favorites

Bloomberg Has Built a Star Wars Machine to Try to Steal the Democratic Nomination

Courtesy of Pam Martens

Michael Bloomberg

Billionaire Michael Bloomberg is used to getting his way. After serving two terms as New York City’s Mayor as a Republican, he used his own vast stash of cash to repeal term limits and give himself another four-year term, running as an Independent. Now he has promised to do the unprecedented: spend $1 billion of his own money to install himself as President of the United States, running on the Democratic ticket.

Bloomberg’s campaign increasingly resembles an octopus with money gushing out of its tentacles into anything and everything that will inject Mic...



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Insider Scoop

AMX Buys Fellow Alabama Company Powell, Adds Reefer Capacity

Courtesy of Benzinga

Alabama Motor Express will push deeper into the refrigerated business with purchase of Powell Transport Solutions.

The acquisition, announced earlier this week, will bring 35 refrigerated trailers to AMX, the company said in a statement. A spokeswoman for AMX, in response to questions submitted by FreightWaves, said the company's business is currently about 10% refrigerated. The AMX fleet before the acquisition was 210 trailers, she said.

Powell's business is 100% refrigerated, according to the...



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Biotech & Health

Coronavirus: the blow to the Chinese economy could be felt for years

 

Coronavirus: the blow to the Chinese economy could be felt for years

Courtesy of Chusu He, Coventry University

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the definition for diagnosing people, there were falls in the region of 1% in European markets, and smaller retrenchments in Asia and North America.

It is...



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Members' Corner

How to Stop Bill Barr

 

How to Stop Bill Barr

We must remove this cancer on our democracy.

Courtesy of Greg Olear, at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia

...



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The Technical Traders

Is The Technology Sector Setting Up For A Crash? Part I

Courtesy of Technical Traders

One thing that continues to amaze our research team is the total scale and scope of the Capital Shift which is taking place across the globe.  For almost 5+ years, foreign investors have been piling into the US stock market chasing the stronger US dollar and continued advancement of US share prices. It is almost like there is no other place on the planet that will allow investors to pool capital into such a variety of strong assets while protecting against foreign capital risks.  Yet the one big question remains – when will a price reversion event hit the US stock
market?

So many researchers, even our team of researchers, believe we have found the keys to unloc...



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Kimble Charting Solutions

Joe Friday Says Germany (DAX) Could Rally 30%, Happy Valentines Day For The Bulls!

Courtesy of Chris Kimble

German DAX Index “weekly” Chart

The German DAX is one of the more important global stock market indices, as it represents the largest economy / market in the Euro Zone.

So it would be a real treat for the bulls to see this stock market index breakout as we celebrate Valentine’s Day.

The facts, Ma’am. Just the facts; The German DAX looks to have formed a bullish ascending triangle over the past 3 years and it is currently attempting to breakout above the top at (1)....



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ValueWalk

Russell 2000 Index (RUT) hits an almost one-month high

By Gorilla Trades. Originally published at ValueWalk.

Ad the Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, commenting on today’s trading Gorilla Trades strategist Ken Berman said:

Q4 2019 hedge fund letters, conferences and more

Russell 2000 Index (INDEXRUSSELL: RUT) Outperforms Large-Cap Benchmarks

While the overnight session was nothing short of scary stocks held on to most of yesterday's gains and small-caps even extended their winning streak. The Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, finishing higher for the fourth day in a row while outperforming the large-cap benchmarks, and since the Volatility...



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Chart School

Dow theory warning from the Utilities Index

Courtesy of Read the Ticker

Charles Dow died in 1902, and the investors should thank him for his ever lasting Dow Theory Analysis.

Carrying on this blog theme looking at the Utility stocks. Previous post.
Dow Jones Utility index could trade like the FANGs
Formula for when the Great Stock Market Rally ends



You can learn about Dow Theory here

This post is concerned wi...

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Digital Currencies

Bitcoin Price May Hit $27K All-Time High By Summer, Predicts Fundstrat's Tom Lee

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Bitcoin is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media. 

...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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