Archive for the ‘Chart School’ Category

RTT browsing latest..

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rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Thursday, 20 September 2018, 03:14:19 PM

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Comment: Money rushing into US only stocks IS NEVER A GOOD SIGN, as the informed money now have a uniformed buyer to sell too!

Date Found: Sunday, 23 September 2018, 03:02:29 PM

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Comment: Hedge Fund Legend Ray Dalio On The Economy Boom and bust youtu.be/5C43i3yclec

Date Found: Sunday, 23 September 2018, 03:47:43 PM

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Comment: Identifying the Building Blocks of the Next Financial Crisis youtu.be/Gc0Z5hp5h74

Date Found: Sunday, 23 September 2018, 03:58:58 PM

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Comment: JIM ROGERS – 18 Sep 2018 – Washington Is The Big Market Risk Right Now! This how you get rich! youtu.be/6UxzOJ8eJcY

Date Found: Monday, 24 September 2018, 08:25:58 PM

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Comment: TRADING LEGENDS – Anton Kreil’s Interview with Ben Berggreen youtu.be/KRUlMz2lsqA

Date Found: Wednesday, 26 September 2018, 04:29:15 PM

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Comment: Guggenheim’s Scott Minerd: My Dire Forecast For Financial Markets | CNBC 40% pullback in stocks youtu.be/GKOWTB3zKTE

Date Found: Saturday, 29 September 2018, 01:34:17 PM

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Comment: Are the FAANG stocks about to collapse under their own weight? – MarketWatch

Date Found: Sunday, 30 September 2018, 11:19:40 PM

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Comment: Algos Have Taken the Rhythm Out of the Market | Stanley F. Druckenmiller… youtu.be/ukH6RloCWzI

Date Found: Tuesday, 02 October 2018, 03:00:20 PM

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Weekly Market Recap Mar 17, 2019

Courtesy of Blain.

A very good week for market bulls as the prior week’s selling was all reversed.  Last week we asked how many times can we rally on the same Federal Reserve juice.  It seems indefinitely.  Jerome Powell went on ’60 Minutes’ and talked dovish – that sparked a big rally Monday and it continued all week.  The only down day all week was Thursday when the progress on the U.S. – China trade deal seemed to hit a delay.

A meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April, Bloomberg News reported, indicating that a bilateral trade deal will not be finalized this month.  The news comes after Trump told reporters in the White House on Wednesday that he was in no rush to strike a trade agreement.

For the week, the S&P 500 added 2.9% and the NASDAQ rocketed 3.8%.

There had been a massive reversal a week ago Friday in the Chinese market, but it held in pretty well this week after a big move up.  This is an interesting chart to watch as all signs point to a slowdown in their economy but their central regulators are trying to juice the system as well.

Investors digested comments from Chinese Premier Li Keqiang, Beijing’s No. 2 leader after President Xi Jinping, who expressed optimism that a trade deal between China and the U.S. can be achieved that suits both parties.  Li also addressed weakness in the world’s second-largest economy and pledged to maintain strong stimulus measures, such as lowering interest rates, cutting bank reserve ratios, and slashing taxes for consumers and businesses.

Here is the 5 day weekly intraday chart of the S&P 500 … not via Jill Mislinski.

The week ahead…

The Federal Reserve’s two-day meeting hits March 19-20 – nothing but cheering for markets going up and more “patience” expected.

“The Fed is on pause and we don’t expect any major change to Fed Policy next week,” Ryan Detrick, senior market strategist…
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Germany Breakout Bullish For Stocks In The States!

Courtesy of Chris Kimble.

An important message to stocks in the states will come from Germany in the next few weeks!

This chart looks at the DAX index from Germany over the past 10-years. For the majority of the past 6-years, the DAX has remained inside of rising channel (1). The 2018 decline saw the DAX hit support where a 1-year counter-trend rally started.

Over the past year, the DAX has created a new falling channel (2). It is now testing the top of this falling channel and the lows of last February at (3).

For most of last year, the DAX created a bearish divergence with the S&P 500 after the January highs.

What the DAX does at (3), should send important clues to what the next big move for stocks in the states will be. If the S&P 500 is to have a chance to test last years highs, odds are good it needs to see the DAX breakout at (3)!!!

Keep a close eye on the DAX in the next few weeks friends.

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





Wyckoff Price Thrust Measure

Courtesy of Read the Ticker.

wyckoff-price-thrust-measureRichard Wyckoff said in his last days as an educator,’follow the waves’. And an important measure of those waves is the ‘thrust’. The thrust of price into new ground, considering price and volume support or lack of it. The price wave thrust is clear visual presentation of the composite man demand or supply characteristics: strong, mild, weak or confused. 



readtheticker.com favored trend tool named RTTTrendStatus sister indicator RTTTrendThrust shows off Wykcoff measure of price thrust. RTTTrendThrust can be used to assist mechanical trading systems (like lower time frame Stochastic(10,3,3) on higher time frame Stochastic(10,3,3)).



A video to explain in more detail. 








Here are the demo charts in the video



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Wyckoff Thrust




A wider view





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Wyckoff thrust apple





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 than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.




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…



..”Money cannot consistently be made trading every day or every week during the year”..



Jesse Livermore Trading Rule







..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..



John Templeton





..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..



Warren Buffett





..”It’s easier to fool people, than to convince them they have been fooled”..



Mark Twain





..”Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets”…



Stan Druckenmiller











Doc Copper Peaking? Signaling Economic Weakness Ahead?

Courtesy of Chris Kimble.

Is Doc Copper suggesting that economic weakness is around the corner? Possible

Doc Copper has created a series of lower highs and lower lows over the past 9-years inside of falling channel (1).

Last year Copper looks to have double topped at 2014 highs and the top of the falling channel at (2). The counter-trend rally over the past few months has it testing last years support as new resistance at (3).

If Doc Copper peaks here and starts heading lower, it could very well be hinting of economic weakness in the near future.

If interest rates and Doc Copper fall in unison, odds increase they are suggesting a softer economy is ahead. Keep a close eye on both friends!!!

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





RTT browsing latest..

Courtesy of Read the Ticker.

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Friday, 31 August 2018, 04:37:11 AM

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Comment: FACE Interview July 26th 2018 $SPX David Builds the Bear Case for an Oct 2018 crash youtu.be/Y0B9taUh2rk

Date Found: Friday, 31 August 2018, 11:41:23 PM

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Comment: WOW

Date Found: Sunday, 02 September 2018, 01:51:10 AM

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Comment: WOW

Date Found: Monday, 03 September 2018, 05:55:15 PM

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Comment: Dave Skarica: Strong Dollar Will Continue Crushing Emerging Markets youtu.be/zsBEk-bjzCM

Date Found: Monday, 03 September 2018, 07:00:26 PM

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Comment: Warming Up!

Date Found: Tuesday, 04 September 2018, 08:26:37 PM

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Comment: CNN Money: Jim Rickards on Russia’s Gold Reserves – August 26, 2018 youtu.be/TXcLQWfe5x4 Bitcoin will be state payments, litecoin will be people payments, no one will trust government crypto

Date Found: Wednesday, 05 September 2018, 04:28:03 PM

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Comment: This Is It for Silver | David Morgan Bottom is in, on the recent spike youtu.be/XWsdiNF6F-s

Date Found: Friday, 07 September 2018, 11:43:46 PM

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Comment: David Rosenberg US Wage growth accelerates to a nine-year high but the clue for more pick-up comes from the quit rate — it soared to an 18-year high. Fed ain’t done.

Date Found: Saturday, 08 September 2018, 10:38:16 PM

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Comment: Australian housing market – property Bubble & Banks, 2018 Insights youtu.be/0lrdxpKPocY
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Junk Bonds and S&P Testing Critical Breakout Levels!

Courtesy of Chris Kimble.

Junk Bonds and the S&P 500 are both facing key breakout tests at the same time. What each does at these key price points could well determine if the S&P 500 will have the strength to retest last years all-time highs.

This chart looks at Junk Bond ETf (JNK) and the S&P 500 over the past few months. The rally off the December lows has each testing popular Fibonacci retracement levels and resistance tests at the same time.

The bullish case for stocks would receive short-term positive news if both break above these important price zones.

The one thing the bullish case wants to avoid? Both creating reversal patterns as the Fib levels are being tested. What both do here should send important short-term messages to the bullish case for stocks.

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





Is The Stock Market Losing Momentum Here?!

Courtesy of Chris Kimble.

The S&P 500 pullback (last week) feels like a distant memory following the stock market’s 2-day snapback rally.

But investors should take note of what’s happening under the surface for two important market indexes: the S&P 500 Index (SPX) and the Bank Index (BKX).

In today’s 2-pack chart, we look at both indexes and highlight an emerging concern.

Looking at the chart below, we can see that last week’s pullback also saw MACD and Momentum indicators move lower from lofty levels.

This comes at the same time that the S&P 500 and Bank Index are testing important resistance at each (1). This could lead to either an outright failure or a divergence if price makes marginal new highs but momentum does not.

Is the 2-month rally about to run out of gas around each (1)! 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.





NDX 100 Testing Important Breakout Level!

Courtesy of Chris Kimble.

On the 20th-Anniversary of the very popular NDX 100 ETF (QQQ), it finds itself working on a what could be an important breakout level!

This monthly chart of QQQ applied Fibonacci extension levels to the 2000 highs/2002 lows at each (1). The rally off the 2002 lows saw it reach its 161% extension level last fall at (2), where it created a short-term high and then proceeded to fall nearly 20%.

The rally over the past 10-weeks has QQQ testing the underside of 10-year support as resistance for the first time in history.

The long-term bull trend should be sent an important message by what QQQ does at this new test. The bull case for tech stocks wants/need to see a breakout at (3) and then another breakout above the 161% extension level to keep the long-term uptrend in play!

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





Weekly Market Recap Mar 10, 2019

Courtesy of Blain.

The non stop rally of 2019 finally hit some road blocks this past week.  The utter glee of a potential China-U.S. trade deal wasn’t enough for the market to rally on the same old news for yet another week; it has essentially rallied on that news for nearly a month.  “Patience” still makes everyone happy – but a dismal employment report Friday, the European Central Bank talking about more stimulus, along with horrid export data out of China had people a tad worried.

The ECB announced new measures to support a slowing economy, including a round of long-term loans to European financial institutions, while issuing a surprise pledge to hold off on any interest-rate increases until at least the end of the year.

China reported a 20% drop in February exports after a 9.1% gain in January. Officials blamed the plunge on sagging demand and some distortions from the Lunar New Year holiday. But economists said that even if those two months are added together, the data looked weak.

As we have been saying for about 6 months (lead by housing) it does seem the economic data is starting to get more sluggish and one wonders when the market sees that as a negative vs a positive i.e. the Fed will push up stock prices if we slow.  Looking out 2 years it does appear we are about to get hit with another flood of liquidity from central banks!

An avalanche of economic news this week – some of the highlights:

The Beige Book’s showed 10 of the central bank’s 12 districts seeing “slight-to-moderate” growth in late January and February. The partial government resulted in slower activity in about half of the districts, affecting a range of sectors, including retail, auto sales, real estate, restaurants, and manufacturing, according to the central bank.

“Trade wars are easy” and such….

The annual U.S. trade deficit soared to a 10-year high in 2018 of $621 billion, the Commerce Department said.  The deficit jumped nearly 19% in December to


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Phil's Favorites

No Free Lunch, Part 2

 

Picture via Pixabay

No Free Lunch, Part 2

Courtesy of John Mauldin, Thoughts from the Frontline 

Matching the stock market’s long-term average returns sounds like it should be easy, if you’re patient enough. But in fact it is remarkably difficult. In last week’s letter, Ed Easterling and I showed you why it is a longshot bet in almost every market environment. Returns over a decade or two are usually well above or well below average. Most of all, it’s fairly predictable which side of average will occur.

This has serious...



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Zero Hedge

San Francisco's 'Super Rich' Dominate A Widening US Wealth Divide

Courtesy of ZeroHedge. View original post here.

San Francisco is one of the few places in America where software engineers who earn hundreds of thousands of dollars a year routinely suffer the indignity of accidentally stepping in a steaming pile of human feces as they exit their crappy, overpriced one-bedroom apartments in the Mission District to grab a $20 burrito and $10 latte. That's part of SF's charm. After all, there's a reason it is, by some measures, the most unaffordable major city in the country.

...



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Chart School

Weekly Market Recap Mar 24, 2019

Courtesy of Blain.

It was looking like another week of Federal Reserve Kool Aid and crushing bears .. until Friday.  On the back of bad economic news out Europe, the yield curve inverted on the 3 month vs 10 year bond – before you fall asleep to that news, it is a quite important indicator for the economy (not necessarily the stock market… yet).   More on that in a bit.  As you can see the action in the bond market Friday was quite severe so it will be interesting to see the move in the coming few days.

As for the Federal Reserve:

The Federal Reserve signaled no more increase in interest rates this year and just one in 2020, according to its new ‘dot plot,’ and the bank said it would...



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ValueWalk

Micron this week was the poster child for this "bull-trap" lunacy

By Jacob Wolinsky. Originally published at ValueWalk.

From Crescat Capital

Thursday had the feel of a blow-off top for the bear market rally. We are near historic valuations for US stocks across at least eight fundamental measures and at a record late stage in the business cycle. Equity markets appear more stretched relative to underlying deteriorating fundamentals than ever.

Micron this week was the poster child for this “bull-trap” lunacy. Investors bid Micron’s stock up 10% on Thursday after the company released earnings. The move sent the semiconductor index to a record high on Thursday. The truth was that Micron gave terrible forward guidance on the conference call forcing analysts to slash estimates for revenues, earnings, and free cash flow for 2019 and 2020.

Friday the market start...



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Kimble Charting Solutions

NYSE Index Suggesting The Top Is In, Says Joe Friday

Courtesy of Chris Kimble.

Is a very broad stock index suggesting that a top is in play? What this index does to close this week should go a long way to answering that question!

This chart looks at the NYSE Index on a weekly basis over the past 4-years. Over the past 15-months, it has created a series of lower highs and lower lows inside of the shaded falling channel. It hit strong support around Christmas at (1) and a counter-trend rally started. The rally now has it testing the top of the falling channel at (2).

Joe Friday Just The Facts Ma’am- The NYSE index could be cre...



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Insider Scoop

10 Biggest Price Target Changes For Friday

Courtesy of Benzinga.

  • Buckingham cut the price target for Trinity Industries Inc (NYSE: TRN) from $32 to $26. Trinity Industries shares closed at $22.96 on Thursday.
  • Canaccord Genuity lowered the price target for Biogen Inc (NASDAQ: BIIB) from $396 to $275. Biogen shares closed at $226.88 on Thursday.
  • H.C. Wainwright cut the price target on Conatus Pharmaceuticals Inc (NASDAQ: CNAT) from $8 to $1.50. Conatus Pharmaceuticals shares closed at $2.91 on Thursday.
  • Wedb...


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Biotech

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

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

 

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Assorted cannabis bud strains. Roxana Gonzalez/Shutterstock.com

Courtesy of James David Adams, University of Southern California

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal u...



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Digital Currencies

Facebook's cryptocurrency: a financial expert breaks it down

 

Facebook's cryptocurrency: a financial expert breaks it down

Grejak/Shutterstock

Courtesy of Alistair Milne, Loughborough University

Facebook is reportedly preparing to launch its own version of Bitcoin, for use in its messaging applications, WhatsApp, Messenger and Instagram. Could this “Facecoin” be the long-awaited breakthrough by a global technology giant into the lucrative market for retail financial services? Or will...



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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:

 

·       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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