Archive for the ‘The Technical Traders’ Category

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 least) over the next 6+ months.

SHIFTING
MARKET SECTORS COULD CATCH TRADERS OFF-GUARD

Recently, a moderately large shift away from Technology and Biotech has taken place where traders and investors have started to move capital away from these high-flying sectors and into more traditional market sectors like the Industrials, Financials, Energy, Materials amongst others.  This type of shift takes place when traders and investors believe a consumer-based economy will dominate essential components within the markets and when technology or price speculation has driven stock price levels to near extreme levels. Take a look below for a list of the top-performing sectors over the last 30 days.


We like to think of these things in terms of simple supply and demand.  When price levels reach extreme highs and buyers no longer believe the valuation levels to be accurate (or overvalued), then buying activity slows or stops. Buyers will start to seek our other assets that appear to be undervalued as there is a greater chance to profit from those assets. 

It appears that traders are now shifting into consumer staples, energy, materials, and financials, expecting market support for the remainder of 2020 to come from the things that people cannot live without. This could mean the high flying NASDAQ and Bio-Tech sector may be left wanting for the next 4+ months or longer.

FIBONACCI
PRICE RANGES SUGGEST A PEAK MAY BE NEAR

Our proprietary Fibonacci Price Modeling system assists us in learning where and when price levels have…
continue reading





What Gold & Silver Bullion Bars and Coins to Own

Courtesy of Technical Traders

Join Mark Yaxley from SWP and I (Chris Vermeulen, Chief Market Strategist for Technical Traders Ltd.), as they tell you about gold and silver’s recent outbreak and what’s next for the precious metals market. Also, more importantly, what metal should you own more of, and what sizes and brand!

I provide in-depth information about the outlook for gold and silver from a technical analysis standpoint. In the second half of the video, Mark and I exchange ideas about the best ways to own precious metals, what form to buy it in, and other strategies related to owning gold and silver.

 



 

 

 

If you are looking to buy gold or silver, or if you are looking to buy and store your metals outside of the banking and financial system Strategic Wealth Preservation (SWP) is a great place. I have an account with SWP and it could not be any easier to buy, sell, and store metals. Opening an account online in 4 minutes, or download and print this short application here.

 

 

 


Stay healthy and rest easy at night by staying informed through our bullion research – sign up today!

Chris Vermeulen

Chief Market Strategist

Founder of Technical Traders Ltd.





Gold Set To Go Higher… but Watch Out!

Courtesy of Technical Traders

Chris is interviewed by Michelle Holiday of Portfolio Wealth Global and is asked about predictions for Gold prices in the future. The stage is set for gold to appreciate to $3,000 and beyond, but look out for this Red Flag before jumping into a trade! Chris also explores what investors can expect from stock market prices going forward.

 



 

Get Chris’s video update every morning where he walks through the charts of the major asset classes. Sign up for the Technical Trader newsletter today!





Gap Fills Suggest Market Momentum May Stall

Courtesy of Technical Traders

Technical Analysis teaches us that price Gaps tend to be filled by future price action.  This is not something new for many of our readers, whom may be familiar with our mantra ‘Gaps always get filled!’.  The big Gap created near February 24, 2020, the start of the COVID-19 market collapse, has recently been filled in the SPY and the TRAN (Transportation Index).  We believe this “filling of the Gap” may be a sign that the upside market trend may begin to stall and potentially reverse. 

Yesterday, we highlighted the potential for a continued upside bullish trend in the SPY pushing possibly 2% to 4% higher based on our Measured Move technique in our article entitled “President Trump Signs Additional Covid Relief – What to Expect From the Markets“.  Today, with the TRAN gapping higher to fill the February 24, 2020, price Gap, we believe the upside move may be exhausting itself and nearing a period of congestion or reversal.

GAP FILLS MAY WARN OF TREND REVERSALS

Gaps are very interesting patterns where price momentum creates a “void” on the chart – essentially where price skips a price range because of momentum.  Typically, these types of Gaps are often found in highly volatile periods of price action or strong momentum trends.  Technical Analysis teaches us that most Gaps tend to be “filled” by future price action over time.  This technical pattern should be viewed as a warning that the highest, most recent upside price Gap has currently been filled and would suggest that the markets are either going to continue to trend higher or reach an exhaustion point, stall and potentially reverse into a downside price trend.


This SPY/TRAN chart above clearly highlights the upper Gap Fill that has recently taken place with the MAGENTA Arcing area on the charts.  Both the SPY and the TRAN filled the Gap over a 4+ trading day range – with the TRAN Gapping higher on August 10 to properly fill the Gap.  We’ve also highlighted “Lower Open Gaps” that are still unfilled. …
continue reading





What Gold & Silver Bullion Bars and Coins to Own

Courtesy of Technical Traders

Join Mark Yaxley from SWP and I (Chris Vermeulen, Chief Market Strategist for Technical Traders Ltd.), as they tell you about gold and silver’s recent outbreak and what’s next for the precious metals market. Also, more importantly, what metal should you own more of, and what sizes and brand!

I provide in-depth information about the outlook for gold and silver from a technical analysis standpoint. In the second half of the video, Mark and I exchange ideas about the best ways to own precious metals, what form to buy it in, and other strategies related to owning gold and silver.

 



 

 

 

If you are looking to buy gold or silver, or if you are looking to buy and store your metals outside of the banking and financial system Strategic Wealth Preservation (SWP) is a great place. I have an account with SWP and it could not be any easier to buy, sell, and store metals. Opening an account online in 4 minutes, or download and print this short application here.

 

 

 


Stay healthy and rest easy at night by staying informed through our bullion research – sign up today!

Chris Vermeulen

Chief Market Strategist

Founder of Technical Traders Ltd.





Gold Set To Go Higher… but Watch Out!

Courtesy of Technical Traders

Chris is interviewed by Michelle Holiday of Portfolio Wealth Global and is asked about predictions for Gold prices in the future. The stage is set for gold to appreciate to $3,000 and beyond, but look out for this Red Flag before jumping into a trade! Chris also explores what investors can expect from stock market prices going forward.

 



 

Get Chris’s video update every morning where he walks through the charts of the major asset classes. Sign up for the Technical Trader newsletter today!





Gap Fills Suggest Market Momentum May Stall

Courtesy of Technical Traders

Technical Analysis teaches us that price Gaps tend to be filled by future price action.  This is not something new for many of our readers, whom may be familiar with our mantra ‘Gaps always get filled!’.  The big Gap created near February 24, 2020, the start of the COVID-19 market collapse, has recently been filled in the SPY and the TRAN (Transportation Index).  We believe this “filling of the Gap” may be a sign that the upside market trend may begin to stall and potentially reverse. 

Yesterday, we highlighted the potential for a continued upside bullish trend in the SPY pushing possibly 2% to 4% higher based on our Measured Move technique in our article entitled “President Trump Signs Additional Covid Relief – What to Expect From the Markets“.  Today, with the TRAN gapping higher to fill the February 24, 2020, price Gap, we believe the upside move may be exhausting itself and nearing a period of congestion or reversal.

GAP
FILLS MAY WARN OF TREND REVERSALS

Gaps are very interesting patterns where price momentum creates a “void” on the chart – essentially where price skips a
price range because of momentum. Typically, these types of Gaps are often found in highly volatile periods of price action or strong momentum trends.  Technical Analysis teaches us that most Gaps tend to be “filled” by future price action over time.  This technical pattern should be viewed as a warning that the highest, most recent upside price Gap has currently been filled and would suggest that the markets are either going to continue to trend higher or reach an exhaustion point, stall and potentially reverse into a downside price trend.


This SPY/TRAN chart above clearly highlights the upper Gap Fill that has recently taken place with the MAGENTA Arcing area on the charts.  Both the SPY and the TRAN filled the Gap over a 4+ trading day range – with the TRAN Gapping higher on August 10 to properly fill the Gap.  We’ve also highlighted “Lower Open Gaps” that are still unfilled. …
continue reading





Melt-Up Continues While Metals Warn of Risks

Courtesy of Technical Traders

What a week for Metals and the markets, folks. The Transportation Index is up nearly 4% for the week.  The Dow Jones Industrial Average is up over 3% for the week.  Silver is up over 14% and reached a peak near $30 (over 23%).  Gold is up over 2.5% and trading above $2025 right now – with a peak price level near $2090.  If you were not paying attention this week, there were some really big moves taking place.

MELT-UP WITH HIGH RISKS – PAY ATTENTION

Overall, our research team believes the current “melt-up” price action is likely to continue as global investors continue to believe the US Fed will do everything possible to save the collapsing world economy.  We are nearing a critical juncture in price, as you can see from this YM Weekly chart below.  A series of lower highs has set up since the peak in February 2020 which suggests some new price weakness may lie just ahead – but until we see a substantial downside price move triggering a new bearish trend (a closing price below $26,000), then we must assume the melt-up will likely continue.


The current price rotational range on the YM, from a peak near $27,600 to a trough near $24,765, presents a moderately large and volatile price range for traders totaling 2,835 points.  Skilled traders should not discount the risks and volatility which are still very present in the current market environment.  Don’t misinterpret this melt-up as a lower volatility bullish price trend – this market can chew your head off in less than 60 seconds if you are not careful and properly position your trades.

The real risks going forward relate more to a technical failure of price near the current peak levels (near  $27,300).  If a downside price trend were to initiate soon, this could confirm a “lower high” Fibonacci technical pattern which would suggest a failure to attempt to breach the previous high pivot level near $27,600.  In short, this is a “wait and see” type of situation where volatility is likely to spike as the markets attempt to either continue the “melt-up” or fail and begin a new downside…
continue reading





More on Gold and Silver – The Realities of $5,000 Gold

Courtesy of Technical Traders

Adam Feather interviews Chris Vermeulen, on ‘Finance in Five’ where they explore what the rest of the economy will look like with $5,000 gold and the importance of owning some bullion (and not just precious metal ETFs). They also explore how to protect yourself in a market crash/correction, the fate of the US$, and China’s new digital currency.

Watch the Interview Here


Get your daily dose of Silver analysis with Chris’s daily video update where he walks through the charts of the major asset classes. Sign up for the Technical Trader newsletter today!





Everything You Need to Know About Silver… and More

Courtesy of Technical Traders

Listen to Chris talk with Jim about Silver on Silver Radio. Chris and Jim explore the effect on Silver prices if a Black Swan event occurs, potential bullion shortage. They also talk about silver shorts and the ‘natural’ price of silver but-for market manipulation. We still think Silver will be the Super Hero of metals! Listen up as all of your questions about silver are answered here.

Click to Listen to the Podcast



Get your daily dose of Silver analysis with Chris’s daily video update where he walks through the charts of the major asset classes. Sign up for the Technical Trader newsletter today!





 
 
 

Phil's Favorites

Ruth Bader Ginsburg helped shape the modern era of women's rights - even before she went on the Supreme Court

Supreme Court Justice RBG passed away from complications of metastatic pancreatic cancer yesterday. RIP, the Notorious RBG.

Ruth Bader Ginsburg helped shape the modern era of women's rights – even before she went on the Supreme Court

Judge Ruth Bader Ginsburg paying a courtesy call on Sen. Daniel Patrick Moynihan, D-N.Y., left, and Sen. Joseph Biden, D-Del., in June 1993, before her confirmation hearing for the Supreme Court. AP/Marcy Nighswander

Courtesy of Jonathan Entin, Case Western Reserve University

Justice Ruth Bader Ginsburg died on Friday, the Supreme Court announced.

Chief Justice John Roberts ...



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Politics

Ruth Bader Ginsburg helped shape the modern era of women's rights - even before she went on the Supreme Court

Supreme Court Justice RBG passed away from complications of metastatic pancreatic cancer yesterday. RIP, the Notorious RBG.

Ruth Bader Ginsburg helped shape the modern era of women's rights – even before she went on the Supreme Court

Judge Ruth Bader Ginsburg paying a courtesy call on Sen. Daniel Patrick Moynihan, D-N.Y., left, and Sen. Joseph Biden, D-Del., in June 1993, before her confirmation hearing for the Supreme Court. AP/Marcy Nighswander

Courtesy of Jonathan Entin, Case Western Reserve University

Justice Ruth Bader Ginsburg died on Friday, the Supreme Court announced.

Chief Justice John Roberts ...



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Chart School

Stocks are not done yet - Update

Courtesy of Read the Ticker

There are a few times in history when a third party said this US paper (stocks, funds or bonds) is worthless.

Here is two.

1) 1965 Nixon Shock - The French said to US we do not want your paper dollars please pay us in gold. This of course led to the US going off the gold standard.

2) 2007 Bear Stern Fund Collapse - Investors said their funds collateral was worth much less than stated. This of course was the beginning of the great america housing bust of 2008.


In both cases it was stated .."look the Emperor is naked!"... (The Empe...

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Zero Hedge

The Ultra Wealthy Are Selling Billions Of Dollars In Stock

Courtesy of ZeroHedge View original post here.

As the market has "rebounded" off its lows back in March, the world's super wealthy are jumping at the chance to offload billions of dollars in stock while global central banks - and most notably the Federal Reserve - keeps a bid under the market and acts as a Mr. Magoo-like counterparty.

Many investors have been prompted to sell by market volatility over the last two weeks, which appears as though it could be signaling an end to the V-shaped recovery. This has likely helped spook the ultra wealthy into take some cash off the table. 

Seo Sang-young, an analy...



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ValueWalk

Markets Crash Two Days In A Row: The American Dream Is Dead

By Eloise Williams. Originally published at ValueWalk.

The American dream is dead, she thinks to herself. After all her hard work. All the blood, sweat and tears. Long nights in the office away from her family.  Diligently saving up every penny so they could have that white picket fence. A big screen television. And even an iPhone 11 Pro.

Q2 2020 hedge fund letters, conferences and more

The American Dream Is Officially Dead

Emma slowly sips her bourbon while sitting on her porch. Deep wrinkles caused by stress are embedded into her once smooth face. A chunk of her blonde hair falls to the ground.&#x...



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Kimble Charting Solutions

Gold Breakout Triggers Buy Signal, Is $3000 Next Target?

Courtesy of Chris Kimble

90-days ago this cup & handle pattern was discussed on See It Market when Gold was trading at 1717.

Fast-forward to today and Gold is up 15 percent. So it’s time for an update!

As we pointed out 90-days ago, the initial price magnet for the rally was the 261.8 Fibonacci extension that marked the 2011 high at (1).

That high has served as price resistance for nearly 9 years! …But it may be ...



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Biotech/COVID-19

Smoke from wildfires can worsen COVID-19 risk, putting firefighters in even more danger

 

Smoke from wildfires can worsen COVID-19 risk, putting firefighters in even more danger

Firefighters have battled camp crud before, but COVID-19 brings new risks with the potential for heart and lung damage. Robyn Beck/AFP/Getty Images

By Luke Montrose, Boise State University

Two forces of nature are colliding in the western United States, and wildland firefighters are caught in the middle.

Emerging research suggests that ...



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Digital Currencies

Cryptocurrencies Rarely Used To Launder Money, Fiat Preferred

Courtesy of ZeroHedge View original post here.

Authored by Shaurya Malwa via Decrypt.io,

Traditional channels continue to dominate the estimated $2 trillion global money laundering racket instead of cryptocurrencies, a report says.

In brief
  • Money laundering via cryptocurrencies is not a preferred tool for criminals, a report said...



more from Bitcoin

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...



more from Tech. Traders

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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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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