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…
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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. …
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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!





 
 
 

Zero Hedge

Bitcoin Crashes As Much As 15% Amid Unsubstantiated Report Of Money Laundering Crackdown

Courtesy of ZeroHedge View original post here.

In a crash that started late on Saturday evening and accelerated throughout the night, Bitcoin and the entire cryptocurrency space plunged the most in more than seven weeks, just days after hitting a new all time high ahead of the Coinbase IPO.

Bitcoin coin fell 12% to $53,400as of 8:0 a.m. in New York on Sunday, after plunging as much as 15.1% to $51,707.51 in the Asian day. Ether, the second-largest token, dropped almost 18% before paring losses.

...



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Phil's Favorites

Have Bear Markets Changed Forever?

 

Have Bear Markets Changed Forever?

Courtesy of 

We’ve never seen a bear market like the one we just lived through. Nothing comes close in terms of how quickly it started and how quickly it ended.

In just 19 days, the Dow was 20% below its highs. In 22 days, it was 30% below. And in just 27 days, it was all over. The bottom was in. To call this unusual is an understatement. You can see in the chart below that most bear markets take literally hundreds of days to bottom.

This entire bear marke...



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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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Biotech/COVID-19

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

 

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

A complete human genome, seen here in pairs of chromosomes, offers a wealth of information, but it is hard connect genetics to traits or disease. HYanWong/Wikimedia Comons

Courtesy of Xavier Bofill De Ros, National Institutes of Health

The first draft of the human genome was publ...



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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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Politics

Colombia gives nearly 1 million Venezuelan migrants legal status and right to work

 

Colombia gives nearly 1 million Venezuelan migrants legal status and right to work

Venezuelans wait at the Colombian border to be processed and housed in tents in 2020. All Venezuelans now in Colombia will receive a 10-year residency permit. Schneyder Mendoza/AFP via Getty Images

Courtesy of Erika Frydenlund, Old Dominion University; Jose J. Padilla, Old Dominion University...



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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.
...

http://www.insidercow.com/ more from Insider





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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Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.