Author Archive for kimblechartingsolutions

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 move much higher in price, especially if King$ breaks below the 88 level!!! 

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





Will Historic Selloff In Treasury Bonds Turn Into Opportunity?

Courtesy of Chris Kimble

Long-dated treasury bonds have been crushed over the past year, sending ETFs like TLT (20+ Year US Treasury Bond ETF) spiraling over 20%.

Improving economy? Inflation concerns? Perhaps a combination of both… interest rates have risen sharply and thus bond prices have fallen in historic fashion.

Today’s chart looks at $TLT over the past 20 years. As you can see, the recent decline has truly been historic. $TLT’s price has swung from historically overbought highs to oversold lows.

At present, the long-dated bond ETF ($TLT) is trading 7.8% below its 200-day moving average. This happens to be more oversold than the prior 4 tradable bottoms – marked on the chart by each (1). This historic low comes at the same time that price is testing an important lateral support/resistance area at (2).

Perhaps this rare event will be a buying opportunity for bullish bond traders. 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.





Semiconductor Red Hot Performance Tests 20-Year Breakout Level

Courtesy of Chris Kimble

Will the “Red Hot” semiconductor index cool off or get even hotter due to the shortage of chips?

This chart looks at the Semiconductor Index on a monthly basis over the past quarter-century. No doubt the trend is up as it has created a series of higher lows and higher highs since 2009.

Fibonacci extension levels were applied to the 1996 lows and the 2000 highs. Currently, the index is testing the 261% extension level, while at the top of the rising channel as momentum is at the highest level since the 2000 highs.

The rare chip shortage could impact the production of many products. Will this rare long-term Fibonacci extension level impact the price of this index?

With the trend being up, a breakout by this key tech index would send a bullish message to the Nasdaq as well as the broad markets.

Keep a close eye on this index over the next 6-weeks, as it will send an important message to many markets!

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





Gold; Load Up The Truck Upon Hitting This Level

Courtesy of Chris Kimble

Gold has created lower highs since peaking last summer. Is Gold near a low? Where would a nice entry point come into play?

This chart looks at Gold ETF (GLD) on a weekly basis over the past few years. GLD hit the top of this rising channel at (1) last summer, as it was above moving averages and relative strength was hitting lofty levels.

The decline over the past 7-months has GLD creating a death cross. Warren Buffett sold his Gold holding before this death cross took place!

Where would one want to pick up some GLD at a nice risk/reward price point?

If GLD reaches rising channel support at (2), which comes into play near the $145 zone, it looks to be a nice price point to load up on GLD with a stop just below rising channel support.

Our metals members are being updated on this pattern weekly. If you would like to be updated on this pattern weekly, we would be honored if you were a metals member. 

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





Commodities Bulls Hope US Dollar Peaks Here!

Courtesy of Chris Kimble

The US Dollar has received a fair amount of attention over the past year, as pandemic-spurred government stimulus and assistance programs and a softer stance from the Federal Reserve have weakened the buck.

And commodity bulls have benefited enjoying a broad rally over the past 12-18 months.

But not all is lost for King Dollar. And commodity bulls need to pay attention.

Looking at today’s long-term “monthly” chart, we can see that the US Dollar has been in a long-term rising trend marked by each (1). King Dollar recently bounced off the lower rising trend line and is now testing its short-term falling channel resistance at (2).

What the buck does here is important. Commodity bulls are hoping for a peak and turn lower from here. On the other hand, a breakout would signal a strengthening dollar and an emerging headwind for commodities. Stay tuned!

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

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





Who Gives A Ship? Baltic Dry Index Breakout Attempt In Play!

Courtesy of Chris Kimble

The health of the global economy relies on several key factors, but one of the more important ones is shipping.

And the Baltic Dry Index (BDI) is a solid barometer for economic activity.

BDI is an index of average prices paid for the transport of dry bulk materials across more than 20 shipping routes.

Today’s chart is a long-term “quarterly” chart of BDI. Notably, trends have been lower since peaking in 2007. But BDI has been rising over the past 5 years and is now testing dual breakout resistance at (2). This resistance comprises of the falling upper channel line, as well as an important 25-year price resistance and support line marked by (1).

Who gives a ship? Well, investors in stocks, bonds, and commodities should! 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.





Russell 2000 Creates Doji Pattern At Top Of 30-Year Channel

Courtesy of Chris Kimble

After months of strong bullish action for the small-cap stock index, the Russell 2000, chart patterns have turned indecisive.

The broader trend is still bullish (higher highs and higher lows), but the month of March produced a Doji pattern. And this comes after a 110% rally!

As well, the Russell 2000 is testing the topside of a 30-Year price channel.

Doji patterns are a sign of indecision… so nothing is decided yet. But it might be worth keeping a close eye as we head into Spring.

Small caps are a “risk-on” indicator, so any stalling out could be a warning to the broader market. 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.





ARK Innovation ETF About To Take On Water? Dual Support Test In Play!

Courtesy of Chris Kimble

Red hot ARK Innovation ETF was up nearly 500% over the past year, illustrated in this chart from Marketsmith.com & Investors Business Daily.

It has cooled off a little over the past 8-weeks, as it declined nearly 40%.

This decline has it testing its 1-year rising channel as well as its 200-day moving average at the same time.

With the trend being up, this is a bullish dual test of support. Until proven differently, this should be a good entry point, following the 40% decline.

If the ARK ETF would happen to break dual support, it could take on water rather quickly.

What this red hot ETF does at dual support will send an important message to several high-flying stocks that it owns!

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

 





Gold Miners Bear Market Accelerates If This Happens!

Courtesy of Chris Kimble

Gold mining stocks have struggled since last August, as they have lost nearly 25% in price, putting them into the bear market territory.

Is this enough of a decline? Gold miners have their fingers crossed this critical support holds right now!

The chart looks at Junior Gold miners ETF (GDXJ) over the past 9-years on a weekly basis. Since August of 2020, GDXJ has created a series of lower highs and lower lows, while declining nearly 25%.

Line (1) comes into play at the $45 level. It has been resistance and support several times over the past 8-years.

The 35-week decline now has GDXJ testing line (1) as support at (2). The pattern since the August highs has the potential to be a bull flag. If this pattern is correct, support must hold here and now!

If this support fails to hold, holding onto GDXJ could be very painful in the weeks to come, as the next support level is a large percent below current levels.

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





12-Year Tech-Bull Market Over? Joe Friday Says: “Watch This Shooting Star Pattern!”

Courtesy of Chris Kimble

The trend for tech stocks remains strongly bullish. Did the Nasdaq Composite create a pattern last month that is worth keeping an eye on? Yes!

The Nasdaq composite remains inside of this 12-year rising channel, as it has created higher lows and higher highs, that started in 2009.

Last month, the index looks to have created a sizeable “shooting star” pattern, at the top of the rising channel at (1).

Does a one-month bearish-reversal pattern suggest that the tech bull market is over? No

Joe Friday Just The Facts Ma’am; If weakness would continue following the bearish shooting star pattern at the top of the long-term bull trend, it would send a caution message to the tech sector.

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





 
 
 

Phil's Favorites

Jack Dorsey's decision to quit Twitter is not a vote of confidence in future of social media

 

Jack Dorsey’s decision to quit Twitter is not a vote of confidence in future of social media

Courtesy of Theo Tzanidis, University of the West of Scotland

When Jack Dorsey made the sudden public announcement that he had quit as CEO of Twitter, it was only ever going to have happened in one place – Twitter itself. It reminded me very much of Elon Musk’s entertaining tweet adventures, as Dorsey tossed his resignation letter onto the social medi...



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Zero Hedge

Biden To Impose Tighter Travel Restrictions On Foreigners

Courtesy of ZeroHedge View original post here.

Update (0900ET): More reports about the new CDC-recommended travel restrictions have hit on Wednesday as the Biden White House has all but confirmed its plans to impose new restrictions on travel despite the WHO's pleas that South Africa not be penalized for warning the world about the new variant.

To be sure, the restrictions being considered by the administration would still allow travelers with up-to-date COVID testing (within the last 24 hours) to enter the country. Presently, vaccinated travelers must get tested within three days of boarding their fligh...



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Biotech/COVID-19

Omicron and market sell-off: don't be surprised if there's more turbulence to come

 

Omicron and market sell-off: don’t be surprised if there’s more turbulence to come

shutterstock.

Courtesy of Arturo Bris, International Institute for Management Development (IMD)

Until the Omicron variant hit the headlines, the signs were that 2021 was going to close with a stellar stock-market performance. Most markets have been on the rise since the beginning of the year, with the S&P500 up about 25% and the FTSE All Share index up by about 10%.

There had ...



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Politics

The first Thanksgiving is a key chapter in America's origin story - but what happened in Virginia four months later mattered much more

 

The first Thanksgiving is a key chapter in America’s origin story – but what happened in Virginia four months later mattered much more

In the 19th century, there was a campaign to link the Thanksgiving holiday to the Pilgrims. Bettman/Getty Images

Courtesy of Peter C. Mancall, USC Dornsife College of Letters, Arts and Sciences

This year marks the 400th anniversary of the first Thanksgiving in New England. Remembered and retold as an allegory for perseverance and cooper...



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Chart School

Gold and Silver still working higher

Courtesy of Read the Ticker

Using Gann Angles from zero we can time the next run up, and it is near.

The last two days gold and silver are down on the back of central bankers talking the US Dollar higher in a attempt to off set inflation. A rising dollar is a form of tightening. Also the talk of a faster 'taper' has sent interest rates higher. But Luke Gromen knows this cant not last.

@LukeGromen Externally-financed twin deficit nations with insufficient external financing (ie the US, not Japan) cannot abide rising real rates for long.


RTT Comments: What this means a higher US Dollar makes it harder for those outside the US to buy the vast quantity of US Treasuries. 


U...

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Digital Currencies

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

 

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

Safe as houses? iQoncept

Courtesy of Jean-Philippe Serbera, Sheffield Hallam University

Cryptocurrencies have had an exceptional year, reaching a combined value of more than US$3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from the public having tim...



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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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