Author Archive for kimblechartingsolutions

Iranian Conflict Escalates If Crude Breaks Above Triple Resistance?

Courtesy of Chris Kimble

The Crude Oil rally is gathering momentum as Middle East tensions come to the forefront.

The rally has taken crude oil prices to a critical juncture, that two other times became a peak in oil prices.

Oil prices are back at a familiar resistance level… a price area that has been tested on two other occasions (aligning with other middle-east attacks).

Will this mark another high for oil prices? Or will this result in the breakout that crude oil bulls have been waiting for?

What Crude Oil does at this important Fibonacci extension level, could well send an important signal about the conflict or lack thereof with Iran.

Stocks and Crude Oil hit lows together in December of 2018 and rallied together over the next year. Are stock market bulls hoping for a breakout in Crude or would a breakout here actually be of concern to them?

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.





S&P 500 Index Tests Long-Term Fibonacci Price Extension As New Year Begins

Courtesy of Chris Kimble

Is the bull market getting long in the tooth?

Could the S&P 500 Index rally be nearing an end?

Okay now that we have the bears attention, let’s face the facts: This is a bull market (until proven otherwise). And the bull market isn’t going anywhere until we see trend lines break down.

With that being said, the stock market rally is nearing an important price juncture.

The S&P 500 is testing a key Fibonacci extension price level at 3252.

This Fibonacci extension level comes from the 2018/2019 weekly closing highs and lows. A breakout above this level on a weekly basis will send a bullish message to the market, while a stalling out near this level will signal that this bull is taking a rest. Only a break down below the up-trend line will signal caution. 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.





DAX Index Could Be Creating Bearish Double Top, Says Joe Friday

Courtesy of Chris Kimble

Could the DAX (Germany) be double topping as it kisses the underside of a 10-year rising channel? Possible

The strong rally by the DAX over the past year, has it kissing the underside of its 10-year rising channel at (1).

While kissing the underside of the channel it finds itself back at the same level it double topped in late 2017/early 2018.

Joe Friday Just The Facts Ma’am; If the DAX breaks rising support at (2), it could be double topping and selling pressure should increase.

What the DAX does at (1) and (2) the next few weeks will most likely send  a key message to stocks in the states,

What do stock bulls in Europe and the states want? A break out at (1), which would be above the 2018 highs! If it can accomplish this, most likely it is not double topping.

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





20-Year Trading Range Breakout In Play? What Would You Do Here?

Courtesy of Chris Kimble

Some assets trade sideways for an extended period of time, then experience important and highly profitable breakouts?

If the trading range is “20-Years” in length, would a breakout of an extended trading range become important? What about a big-time opportunity?

This year I am celebrating my 40th year in the financial services business. Rarely have I come across an asset that has remained inside of a trading range for a couple of decades!

Members are keeping a close eye on this asset and the opportunities it will present, should a 20-year breakout take place!

If a breakout fails to take place and 5-year steep rising support breaks, would that present an opportunity as well? Yes!!!

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





Dow Testing Top Of 70-Year Channel, As Great Decade Raps Up

Courtesy of Chris Kimble

Sometimes 10-year returns aren’t so hot and sometimes 10-year returns are sizzling hot!

This chart looks back on the Dow Jones Index over the past 95-years (since 1925), which highlights that the majority of the past 50-years, the Dow has remained inside of rising channel (A).

It hit the top of the channel back in 1999 and in the next 10-years the returns weren’t too impressive at (1), which encompassed the 1999 highs and the 2009 lows.

The polar opposite took place over the past decade at (2), which covered the 2009 lows to current, which reflects its been a much different 10-years, then the prior 10-years.

The billion-dollar question is this; will the next 10-years look like 1999 to 2009 or more like 2009 to 2019.

The rally over the past decade has the Dow currently testing the top of the channel, which was drawn off the 1929 and 2000 highs. A very important long-term breakout test is in play for the Dow!!!

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





Hi Yo Silver Miners, Bullish Breakout Is In Play!

Courtesy of Chris Kimble

Is it Hi-Yo Silver time for Silver Minning stocks? Could be!

This chart from Marketsmith.com reflects that Silver Miners ETF (SIL) is working on a breakout of an 18-month trading range at (1).

As the breakout is taking place, relative strength is attempting to turn up.

A long-term moving average bullish crossover took place about 90-days ago, which is a positive for this hard-hit ETF.

Any other positive messages being sent by mining stocks? Yes! The GDXJ/GDX ratio is breaking out of late, which historically sends a positive message to the mining sector!

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





Is Boeing’s Stock Topping? Bulls Hope Not!

Courtesy of Chris Kimble

Boeing (BA) seems to be in the news a ton of late. But perhaps an even more important bit of news for investors has to do with the long-term chart of Boeing’s stock (BA).

And how this chart pattern plays out will have ramifications for $BA investors, as well as the broader market (as Boeing is a large-cap in the Dow Jones Industrials Average).

Is $BA Creating A “Head and Shoulders” Topping Pattern?

As you can see in the chart above, a potential “head and shoulders” topping pattern is in play on the “weekly” chart for Boeing (BA). And even if this is considered to be a sloppy head and shoulders pattern, the formation has the look of a potential rounded top as well. This will go from a minor concern to major concern should Boeing break down through neckline support.

With this in mind, investors should watch the $311 price support, as support is support until broken. Bulls do not want to lose that level. 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.





FedEx (FDX) 10-Year Bull Market About To End???

Courtesy of Chris Kimble

Is the 10-year bull market for FedEx about to end? Odds are high we will find out soon!

This chart looks at FedEx (FDX) over the past 12-years. It has spent the majority of the past 10-years inside of rising channel (1).

It hit the top of this channel in January of 2018, as resistance came into play. Since hitting resistance, it has lost nearly 50% of its value.

The 50% decline has it nearing the bottom of its 10-year rising channel at (3). Pre-Market trading this morning at $151 per share.

Until broken, the bottom of this channel comes into play as a strong support test!

If the bottom of this channel is taken out, odds increase the 10-year bull market for FDX has come to an end.

Keep a close eye on what this important delivery company does in the next few weeks as it tests 10-year rising support!

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





Lagging Mid-Caps About To Experience Quality Bullish Breakout?

Courtesy of Chris Kimble

Are lagging Mid-Caps about to send a bullish message to the broad markets? Looks like we will find out soon.

The S&P 500 is over 9% above the highs of last September. The same can not be said for Mid-Caps!

This chart looks at the Mid-Cap ETF (MDY) over the past 10-years. MDY has spent the majority of the past 7-years inside of rising channel (1).

MDY peaked last September at (2), and then it quickly declined nearly 20%, taking it down to test the bottom of this bullish rising channel.

The rally over the past year has MDY testing its all-time highs again at (3), which reflects its underperformed the S&P by 9% since September of last year.

Lagging Mid-Caps are testing a key breakout level this week.

What they do at (3), most likely will send an important message to Large, Mid and Small caps stocks!

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





New York Stock Exchange Sending Super Bullish Message?

Courtesy of Chris Kimble

The New York Stock Exchange hasn’t had much to brag about for the past 2-years! Are things about to change for this broad-based index? What happens at (1), looks to be very important for this index and the S&P 500 as well.

This chart looks at the NYSE index over the past 6-years on a weekly basis. Over the past 2-years, could the index be forming a very bullish pattern? Possible!

The index this week is testing the 2018 highs as it could be experiencing a breakout above those highs. It remains possible that that index has created a nearly 2-year bullish pattern, with the neckline being the 2018 highs.

If this index succeeds in pushing a good deal higher above the 2018 highs at (1), it sends a broad-based bullish message to large and small-cap stocks!

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





 
 
 

Phil's Favorites

Silicon Valley's latest fad is dopamine fasting - and that may not be as crazy as it sounds

 

Silicon Valley's latest fad is dopamine fasting – and that may not be as crazy as it sounds

Dopamine fasting, the newest fad to hit Silicon Valley, is being used as a way to get over addictive habits. SewCream/Shutterstock.com

Courtesy of A. Trevor Sutton, Concordia Seminary

Silicon Valley’s newest fad is dopamine fasting, or temporarily abstaining from...



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Zero Hedge

The 'Golden Age Of Plastic'? Banks Are Quietly Raising Credit Limits For Freespending Borrowers

Courtesy of ZeroHedge View original post here.

Credit-card lenders are calling it the 'Golden Age of Plastic'. But that's mostly because they're the ones hoarding all the gold.

Gloom-and-doom economists who have portended the imminent collapse of the American consumer (we don't want to name names) might have a reason to put off their calls for a downturn of epic proportions just a little bit longer. Because at a t...



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The Technical Traders

The Wuhan Wipeout - Could It Happen?

Courtesy of Technical Traders

News is traveling fast about the Corona Virus that originated in Wuhan, China. Two new confirmed cases in the US, one in Europe and hundreds in China. As we learn more about thispotential pandemic outbreak, we are learning that China did very little to contain this problem from the start. Now, quarantining two cities and trying to control the potential
outbreak, may become a futile effort.

In most of Asia, the Chinese New Year is already in full swing.  Hong Kong, China, Singapore, Malaysia, India and a host of other countries are already starting to celebrate the 7 to 10 day long New Year.  Millions of people have already traveled hundreds of thousands of miles to visit family...



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Kimble Charting Solutions

Bad News For Crude Oil Should Come From This Pattern, Says Joe Friday

Courtesy of Chris Kimble

It’s a good idea for investors to be aware of key indicators and inter-market relationships.

Perhaps it’s watching the US Dollar as an indicator for precious metals or emerging markets. Or watching interest rates for the economy. Experience, history, and relationships matter. And it’s good to simply add these to our tool-kit.

Today, we look at another relationship that has signaled numerous stock market tops and bottoms over the years, and especially the past several months, Crude Oil.

When crude oil tops or bottoms, it seems that ...



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Insider Scoop

5 Software-Application Stocks Moving In Thursday's After-Market Session

Courtesy of Benzinga

Gainers

Atlassian Corporation, Inc. (NASDAQ:TEAM) stock surged 9.7% to $145.50 during Thursday's after-market session. According to the most recent rating by Morgan Stanley, on January 13, the current rating is at Overweight.

Diebold Nixdorf, Inc. (NYSE:DBD) shares increased by 8.1% to $11.48. The most recent rating by DA Davidson, on December 13, is at Buy, with a price target of $17.00.

Telaria, Inc. (NYSE:TLRA) stock rose 4...



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Biotech

Snakes could be the original source of the new coronavirus outbreak in China

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

 

Snakes could be the original source of the new coronavirus outbreak in China

Chinese cobra (Naja atra) with hood spread. Briston/Wikimedia, CC BY-SA

Haitao Guo, University of Pittsburgh; Guangxiang “George” Luo, Univers...



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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: Monday, 16 September 2019, 05:22:48 PM

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


Comment: This chart says SP500 should go back to 2016 levels (overshoot will occur of course)



Date Found: Tuesday, 17 September 2019, 01:53:30 AM

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


Comment: This would be HUGE...got gold!


...

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Members' Corner

The War on All Fact People

 

David Brin shares an excerpt from his new book on the relentless war against democracy and how we can fight back. You can also read the first, second and final chapters of Polemical Judo at David's blog Contrary Brin.

The War on All Fact People 

Excerpted from David Brin's new book, the beginning of chapter 5, Polemical Judo: Memes...



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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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Digital Currencies

Cryptos Have Surged Since Soleimani Death, Bitcoin Tops $8,000

Courtesy of ZeroHedge View original post here.

Bitcoin is up over 15% since the assassination of Iran General Soleimani...

Source: Bloomberg

...topping $8,000 for the first time since before Thanksgiving...

Source: Bloomberg

Testing its key 100-day moving-average for the first time since October...

...



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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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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.

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