Archive for the ‘Chart School’ Category

Gold Peaking As This Indicator Hits 8-year Resistance?

Courtesy of Chris Kimble.

The Gold rally in June was very impressive. Is the bear market in Gold over? Many are of the opinion a major breakout in Gold has taken place. What this indicator does at current levels could go a long way to seeing if the rally in June will continue into July!

The chart looks at the Gold/US Dollar ratio on a weekly basis over the past 9-years. The ratio for the past 8-years has created a series of lower highs, something that Gold bulls would love to see change.

The ratio has created a series of lower highs below line (A) since early 2013. The ratio has attempted a few times to break above this line with no success.

A few time the ratio’s momentum indicator was lofty and the ratio peaked near each (B).

Currently, the ratio is testing falling resistance at (1) as momentum is lofty at (2). In the past Gold peaked when these conditions were present.

Will it be different this time? Gold bulls sure hope so!!!

If staying on top of conditions and opportunities in the metals market (Gold, Silver, Copper, and Miners) are of interest to you, you would benefit from being a Metals member or a Weekly Combo Member. Check out details HERE-

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





Bitcoin Cycle Bullish

Courtesy of Read the Ticker.

bitcoin-cycle-bullishDear Mr and Mrs Middle class you have been plucked and buttered ready for the oven of the next financial crisis. 

Previous Posts, and notice the change in view due to bitcoin price strong move; The Coming Bitcoin Ambush  , The Great Bitcoin Slide 

The lessons of Cyprus should remind us all that the big losers during a banking crisis are the savers, and if a bank is currently deducting interest from your savings account (i.e negative interest rate) why would you keep money in a bank when recession risks grow. Banks go bust in a recession and bank bail ins are to be expected to be the norm during a crisis. 

There are several ways to defend yourself from the claws of a bank bail ins:

1) Buy gold and silver (very liquid, risky).
2) Buy digital assets (very liquid, extremely risky).
3) Buy art and rare items (risky during a recession). 
4) Buy Real Estate (risky during a recession).

It appears the mysterious and unknown Satoshi created a means of exchange out side the banking system which can not be debased and its design will allow it to be freely exchanged for products and services. Is it real or a government psyop, who knows, the truth is the journey is not over for the bitcoin. 

Who is Satoshi?

Is he alive? Who knows! Satoshi is believed to be the holder of a key owning $1M bitcoin. The single largest key. So far has had no single transaction to date. Curious? Internet sleuths have hold this story out to be the best guess of who Satoshi is.

Everything cycles. The problem is finding out the cycle to help one forecast the next cycle. Here is how readtheticker cycle tools found bitcoin cycle.

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

How was the cycle period this found ?

Europe is already a slave to economic madness.

Neg rates Europe

The above has resulted in $13,000,000,000 USD (trillion) of bonds yielding negative interest rates. With recession odds for the US bouncing around 30% to 60% and on the occurrence of a recession the level…
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Investment Grade Bonds Could Be Peaking, Says Joe Friday

Courtesy of Chris Kimble.

Are investment grade bonds peaking? Some conditions suggest its possible, says Joe Friday!

This chart looks at Investment Grade Bond ETF (LQD) over the past 10-years. LQD has moved sharply higher since the lows in December of 2018.

The rally has LQD testing its 2015 and 2016 highs. While testing these highs its optimism index is near its highest level in the past 10-years at (1).

While it is testing old highs and optimism is high, its RSI reading is now at the highest level in over a decade.

Joe Friday Just The Facts Ma’am; Conditions (price, sentiment & momentum) are at rare levels that suggest LQD could be near a short-term high.

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





Metals Bulls Need This Indicator To Turn Up, To Confirm Recent Gold Rally

Courtesy of Chris Kimble.

This chart looks at the Silver/Gold ratio over the past 25-years. Historically bullish investors in Gold & Silver receive a positive message when this ratio is heading higher. When the ratio is heading lower, historically rallies in Gold often times have been short-lived.

The trend since the 2011 highs has been down, as the ratio has created a series of lower highs and lower lows. The decline over the past 8-years has the ratio at the lowest level in the past 28-years, as it is testing the 1992 lows at (1).

Even though Gold has moved up this month, the ratio has continued to move lower, reflecting Silvers weakness to Gold.

This weakness is of some concern to bullish metals investors as the month is nearing a close.

Bullish metals investors would receive “Happy News” from this ratio if it rallies off the 1992 lows! 

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





Metals Bulls Praying This Indicator Does Not Peak Here!

Courtesy of Chris Kimble.

Gold has been strong of late as the US Dollar has been weak. This combo has driven the Gold/Dollar ratio to a key price zone and momentum level, that looks to be important to metals bulls.

This chart looks at the Gold/Dollar ratio over the past 6-years. The long-term trend is down, while the trend over the past 3-years is pretty much flat (sideways trading range).

The rally of late has the ratio testing the 2018 highs as well as its 38% Fibonacci retracement level of the 2012 highs/2015 lows at (1).

While testing these key levels at (1), momentum is currently the highs since the 2017 highs. The bullish case for metals is facing an important breakout/resistance test at (1).

One thing is for sure, metals bulls have their fingers crossed that a lower high peak does not take place at current levels.

If the ratio breaks above resistance at (1), it would send a bullish message to metals they haven’t received in years!

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





Wilshire 5000 Creating A Triple Top? An Important Breakout Test Is In Play!

Courtesy of Chris Kimble.

The stock market has been on fire of late, rallying up to the edge of price resistance on several indexes. Today, we look at one of those stock market indexes: the Wilshire 5000.

The Wilshire 5000 tracks all of the stocks in the US market, so it is a broad-based index that carries significant importance when gauging the health of the overall US stock market.

Looking at the long-term “weekly” chart above, it is pretty clear that the index is at an important price juncture.

The Wilshire 5000 spent the last 25 years trading within a rising price channel (1). It tested the top of that price channel at (2), creating a large bearish reversal candle in September of 208, that lead to a steep decline in year-end. It then retested that level in April, where it failed to breakout again.

This broad-based stock index is currently testing last fall’s highs at point (3). This comes at the same time that momentum is testing its downtrend line.

The bullish case for stocks DOES NOT want this broad index to be creating a triple top.

Stock bulls would receive wonderful price news if this broad index succeeds in breaking out at (3).

An important inflection point is in play for one of the broadest of all stock indices in the states at this time!!!

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 it hold?

 

Will it hold?

Courtesy of 

My Chart o’ the Day this weekend comes to us from Jonathan Krinsky at Baycrest Partners, who’s out with some significant insights about the week that was.

He looks at the possibility that both the dollar and bond prices have hit a high and are now about to roll over. A drop in USD below support, which appears to be imminent, would have all sorts of implications for the recent breakout in gold extending and for the potential of emerging markets stocks outperforming US stocks. A drop in bond prices (rates going up) could mean a reversion in the bond proxy rally (REITs and Utes) and a boost for the banks and brokerage stocks.

Here’s a quick insight that’s worth passing on about the broader market, now that we’ve just seen a new S&P 500 high this week…

The SPX recovered all of its May losses, and made a marginal new all-time high this week. Over the last 18-months it hasn’t been making the new high that’s been difficult, it’s been holding the new high.

Well…will it hold? The last several attempts at these levels have been met by vicious sell-offs shortly afterward. But, as my friend JC Parets reminds us, triple tops are extremely rare. The third attempt usually gives you good odds that a high will stick. This isn’t voodoo, it’s buyer and seller psychology.

Source:

Silver Linings Playbook
Barcrest Partners – June 23rd, 2019

Follow Jon on Twitter!





Formula for when the Great Stock Market Rally ends

Courtesy of Read the Ticker.

formula-for-when-the-great-stock-market-rally-endsWhen valuations for the boring water company or the boring electric company is trading like your Facebook, Apple, Amazon or Netflix or Google (ie FANG) you know something is wrong.

This is when a seriously over valued market is screaming at you.

Of course the reader must understand in a world where money printing goes super nuts (Zimbabwe style) the stock market may go hyper inflationary and picking a time frame for a top is never a good idea, but we are not there yet. There is no Ben Bernanke helicopter money to the masses yet (ie MMT). 

To see when water company’s (and such like) are nearing the crazy FANG like valuations a review of the Dow Jones Utility Index channel shows us how history can repeat. The chart below suggest the coming 2020 money boost from the central planners should keep stocks up until 2019/20. Must be an election year, hmmm!

Of course after the recent gold move  the SP500 may end up 10% by Dec 2020, but in gold terms it may be flat or down, meaning gold moving higher and faster than the SP500. Of course SP500 moving higher while gold moves higher is good for gold stocks, on a relative strength basis. 

The short story is: Happy stock market days should continue into 2020. But watch out for a massive top in the Dow Jones Utility Index as history is likely to repeat as a bear market arrives.

Subject to either of:
1) US/Iran war pushing oil going to $100 and a world recession follows very quickly.
2) Super nuts money printing, Zimbabwe style and Dow Jones to $50,000
3) Deutsche bank blows up Lehman style.

Dow Jones Utility Index History Rhymes. 

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Util 1

Cycle chart confirms channel forecast top. 

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Util 2


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing

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Gold / US Dollar Ratio Attempting 8-Year Breakout

Courtesy of Chris Kimble.

Gold has been red-hot of late, raising the hopes of precious metals bulls. After several failed rallies, is Gold (NYSEARCA: GLD) finally ready to breakout?

One ratio that I like to follow to monitor precious metals is the Gold to US Dollar ratio.

As you can see in the “monthly” bar chart above, the Gold / US Dollar ratio has been trading in a multi-year narrowing pennant pattern, with support at (1) and resistance at (2).

The ratio is working on a breakout above the 8-year falling resistance line at (3).

A breakout here would be huge for precious metals bulls… and could be the start of a larger rally if it holds.

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

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





Interest Rates Could Bottoming After 35% Decline, Says Joe Friday

Courtesy of Chris Kimble.

Are interest rates near a short-term low? Possible!

This chart looks at the Yield on the 10-year note (TNX) over the past 15-years. The lower part of the chart measures the 35-week performance of TNX.

Five different times over the past 10-years, yields have declined around 35% in 35-weeks at each (1). Yields were closer to short-term lows than highs when this large of a decline took place at each (1).

Joe Friday Just The Facts Ma’am; Yields are testing 2017 lows at this time, after a 35% decline in the past 35-weeks. Over the past 10-years, yields were closer to short-term lows when these conditions were in play.

A very important support test is currently in play at the 2% level. If this support fails to hold after such a large decline, bonds are suggesting the odds of an economic slowdown is high.

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





 
 
 

Phil's Favorites

Brexit: wisdom of crowds proves effective predictor of Britain's chaotic EU departure

 

Brexit: wisdom of crowds proves effective predictor of Britain's chaotic EU departure

Shutterstock

Courtesy of Aleks Berditchevskaia, Nesta and Kathy Peach, ...



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Zero Hedge

Facebook Won't Say Whether Banned Individuals Can Use Libra Despite Claiming To Be 'Politically Neutral' 

Courtesy of ZeroHedge. View original post here.

Facebook's second day of Congressional hearings over Libra was by most accounts a total debacle - between Rep. Carolyn Maloney (D-CA) suggesting that the social media giant 'shouldn't launch' the cryptocurrency - as new currencies should be 'left to democratically accountable institutions,' and another lawmaker accusing the company of 'winging it.' 

"Would you trust your money with a company that is just winging it?" She isn't buying w...



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Kimble Charting Solutions

Aussie Dollar About To Send Bullish Message To Precious Metals?

Courtesy of Chris Kimble.

The Australian Dollar and its ETF (NYSEARCA: FXA) have traded sideways for much of the past 4 years (see blue shaded area on chart above).

And since the Aussie Dollar and precious metals are highly correlated, this hasn’t helped gold and silver.

But this setup may be changing soon as a big test comes into play for the AU$.

It is currently testing falling resistance on a bullish falling wedge pattern.

If it succeeds in breaking out at (1), it will send metals and commodities a short-term bullish message. Stay tuned!

This article was first writ...



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Insider Scoop

Cannabis Stocks Gainers And Losers From July 17, 2019

Courtesy of Benzinga.

Read more about our latest Cannabis News! CANNABIS HOME Gainers
  • Aurora Cannabis (NYSE: ACB) shares rose 3.49%, to close at $7.41.
  • Aphria (NYSE: APHA) shares increased by 3.97% to close at $6.55.
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Digital Currencies

Bitcoin Breaks Back Below $10k, Crypto-Crash Accelerates As Asia Opens

Courtesy of ZeroHedge. View original post here.

Update 2010ET: Having briefly stabilized after this morning's weakness, cryptos are tumbling once again as Asian markets open.

Bitcoin has broken below $10,000 again...

*  *  *

While all eyes are on Bitcoin as it slides back towards $10,000, the real mover in the last 12 hours has been Ethereum after...



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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

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

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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Chart School

Gold Gann Angle Update

Courtesy of Read the Ticker.

Charts show us the golden brick road to high prices.

GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?

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The GLD very wide channel shows us the way.
- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
- Aggressive: Tag the 5 year rally starting in 1976 to 2019  and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.

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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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