Archive for the ‘Chart School’ Category

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.





US Dollar Forecast – Weakness

Courtesy of Read the Ticker

us-dollar-forecast--weaknessThe rise in the US 10 yr as pulled up the US dollar, but soon the trillions of new money printing will soon pressure the dollar south. 

We can see below the dollar ‘T Theory’ cycle suggesting we near done, and a period of change is due in the next 4 to 6 months. Notice how neatly the US dollar fits into even weekly time periods.  

The recent US dollar strength had to happen as EVERY ONE was short the US dollar, as the short energy for hitting the ASK BUTTON just dried up, these past six weeks have set up a nice bounce to smash the US dollar ASK once again over the next 4 to 6 months.

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USD1

MI2Partners posted this 20 year US Trade Weighted Index (TWI) model on twitter, here

@MI2Partners In #macroeconomics, when you get the direction of the #USdollar right, the rest falls into place. Triffin’s Dilemma reminds us of the inconsistencies in domestic & international goals. The consequences for the #dollar will be profound

As you can see their forecast is for a new 20 year low in the TWI.

Of course this (or just half of the crash) would create a hyperinflation risk on rally, just like the DOW in 1929 or 1987, and just before US mid terms. Hmmm typical!

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USD3

readtheticker.com US dollar model (below) suggest new lows for the DXY.

Main drivers are European banks are doing better (or less worse) compared to US banks, add on the comparison of core inflation between the US and Europe and lower DXY lows can be expected.

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USD1

CRAZY has not even started yet!

This is what a hyperinflation DOW blow off top could look like, mapped…
continue reading





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.





Silver and Time Counts

Courtesy of Read the Ticker

silver-and-time-countsSome spooky wizardry showing off the relationships of price highs and lows to each other.



William Gann methods were written 60 years ago, and he used hand drawn charts (OMG). Today we can use a fancy ‘T Theory’ graphic tool to do Gann Time Counts with ease. 



Put your silver tin foil hat on and be amazed.














Chart in video





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Silver




Divider







Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…“Losing money is the least of my troubles.  A loss never troubles me after I take it.  I forget it overnight.  But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”…



Jesse Livermore





..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…



Paul Samuelson





..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..



Mark Twain





.”Buying stuff people hate, that’s the business we are in, right!”…”you may need to have a longer time horizon”…”be patient”..



Mark Yusko





…..“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..



Martin Zweig











China Stocks Sending Troubling Message To The World

Courtesy of Chris Kimble

Is Big Trouble about to hit China? If history is a guide, the answer is yes.

This chart looks at China ETF (FXI) on a monthly basis over the past 15-years. FXI has found line (1) to be resistance three different times in the past 13-years.

At this resistance line, it has declined 35% or more each time. Last month it created a large bearish reversal pattern while testing this resistance line at (2).

So far this month, FXI is attempting to break 1-year rising support.

If FXI closes below this support line at the end of the month, it sends a troubling message to stocks around the world!

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





Euro Currency Break-Down? Commodity Bulls Hope Not!

Courtesy of Chris Kimble

The recent rally in the Euro currency (EURUSD) has drawn the attention of forex traders, macro investors, and the commodities market. The latter has struggled over the past decade due to a falling Euro / rising US Dollar situation.

As you can see in today’s “monthly” chart, the Euro has been trading within a wide falling channel (1) for more than a decade.

But a multi-month rally in the Euro has given life to the fallen currency, as well as commodity bulls.

The rally brought the Euro all the way back to its overhead channel resistance line at (2). But the Euro has stumbled a bit in 2021 and is now attempting to break its 18-month rising trend line support at (3).

If this happens, it will bearish for the Euro (and bullish for the U.S. Dollar). It could also suggest that the commodity rally is peaking! Stay tuned!

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

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





Commodities Counter-Trend Rally Going To End Here?

Courtesy of Chris Kimble

The rise in commodities prices has investors (and consumers) concerned about inflation again, with bond prices falling and bond yields rising. It also has investors on watch for breakouts and trading opportunities in select commodities.

Today, we take a look at an important broad index for this asset class: The Thomson Reuters Core Commodity Index. It’s nearing an important long-term juncture, so it’s a “quarterly” price chart.

As you can see, commodities have been trading within a falling channel (marked by each 1) over the past 13 years. BUT last year’s reversal has spurred 4 straight quarters of gains and this commodity index is testing a key confluence of price resistance.

Line (2) has served as price support and resistance over the past 23-years! Price is testing this resistance at the same time that it is testing the top of the falling channel line at (3).

Whether it be Energy, Grains, or Precious Metals… it sure seems like commodities are nearing a very important juncture in time and price! What happens here will send an important message to commodities and bonds. 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.





Gold Indicator Hanging Onto Support By A Thread! Gold Bulls Pay Attention!!!

Courtesy of Chris Kimble

Is Gold about to receive a very important bull/bear signal this month? Looks like it!

This chart takes a peek at the Gold/U.S. Dollar ratio over the past 15-years. The ratio double topped at (1) and once it broke support in 2013, it declined sharply over the next 24-months.

It peaked in August of last year at (2), where it appears to have created another double top.

The decline over the past 7-months has it testing the 10-year support level at (3).

The Gold/US$ ratio is hanging onto support by a thread this month. Gold bulls should be aware how important it is for Gold that this support holds!!!

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





 
 
 

Politics

Why this trial was different: Experts react to guilty verdict for Derek Chauvin

 

Why this trial was different: Experts react to guilty verdict for Derek Chauvin

A woman reacts to the news that Derek Chauvin was found guilty on all three counts in the murder of George Floyd. Scott Olson/Getty Images

Courtesy of Alexis Karteron, Rutgers University - Newark ; Jeannine Bell, Indiana University; Rashad S...



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Phil's Favorites

There's Coin on the Sidelines

 

There’s Coin on the Sidelines

Courtesy of The Reformed Broker

Subscribe!

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including:

  • Momentum Crash – ARKK relative strength vs the S&P 500
  • Earth’s Best Employer – Is Bezos the greatest founder/CEO ever?
  • Clubhouse – Dying or thriving?
  • $100 Millio...


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Zero Hedge

EU Walks Back Embarrassing Claim Of 150,000 Russian Troops Near Ukraine Border

Courtesy of ZeroHedge View original post here.

Authored by Dave DeCamp via AntiWar.com,

The European Union had to correct a claim made by its foreign policy chief, Josep Borrell, concerning Russian troops near the Ukrainian border. Borrell told reporters on Monday that there were "over 150,000"&nb...



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Biotech/COVID-19

No, vaccine side effects don't tell you how well your immune system will protect you from COVID-19

 

No, vaccine side effects don't tell you how well your immune system will protect you from COVID-19

It’s not a bad sign if you feel fine after your COVID-19 shot. Luis Alvarez/DigitalVision via Getty Images

Courtesy of Robert Finberg, University of Massachusetts Medical School

If someone gets a headache or feels a bit under the weather after receiving a COVID-19 vaccine, it’s become common to hear them say something like “Oh, it just means my immune system is really working hard.” On the flip side...



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Digital Currencies

A Unifying Theory of Everything

 

A Unifying Theory of Everything

Courtesy of Scott Galloway, No Mercy/No Malice@profgalloway

This week, New York Magazine let me go full stream of consciousness on … everything. Their editor pitched me the idea to articulate a unifying theory on “this whole crazy techno-fiscal moment.” Problem is, while I understand crypto better than 99 percent of people, I do not understand crypto.

On Wednesday, crypto pioneer Coinbase listed shares on the NASDAQ, and closed the day at an almost $100 billion valuation, making it nearly as valuable as Goldman Sachs. Coinbase’s big day made a bunch of wealthy people wealthier, but it also poked several bears — ...



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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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Chart School

Money Printing Asset Price Targets

Courtesy of Read the Ticker

The FED giveth and the FED taketh away. Right now the FED is giving a lot into 2022 US Mid Terms. 

Unless the FED breaks the market, here are some BRRRRR asset price targets, not normal price targets but money printing adjusted price targets. 


BITCOIN 175,000 to 500,000 USD

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DOW to 40,000 to 50,000

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More DOW

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Kimble Charting Solutions

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-...



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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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Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



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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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