These are my first set of market leading indicators, namely, JNK, IWM, DJT and VALUEG. Slightly confusing and not yet totally aligned; JNK and IWM have weekly candlesticks that are reminiscent of a top bearish reversal pattern, such as the Dark Cloud Cover, observed. DJT MACD has a bearish divergence. Nothing super obvious here... just a couple of early red...
No need to say much as previous;y mentioned about the bearish divergence. Looking at the panel again just adds confirmation of how bearish a turn it just had. Some decent downside will follow...
In this second set of LEading indicators... The TLT (Bonds ETF) see a sell off trend starting... this is actually bullish for the equities market The TIPS appears to have possibly topped. The VIX and VVIX are bullishly divergent. IMHO, due for a spike soon. Overall... bullish until it hits the fan. It appears that we may be in for another surprise. Just be...
Just want to highlight that the first panel of leading indicators are bullish like hell, and are also obviously bearishly divergent having MACD crossed down in the DJ Transportation Index, with the rest weakening significantly. First warning shot...
I've scripted my own early warning indicator. This system has provided very accurate warning signals the last few years as to where potential tops were forming. There are several occasions where it detected changes weeks or even months ahead of trend changes. Occasionally, it's a little too early at providing these signals. I can't reveal all my secrets but I...
Good Game... the DJ Transportation Index has broken down the up trend line. Sell signal on the ATIS system should be out soon. And MACD is crossing down into the bear territory. The BMT had already given way in early October. According to the Dow Theory, the DJ Transports is a leading indicator and well, expect the rest of the market indices to follow.
Sold EBAY. Had a great set up 135 Pattern with a Gartley ABCD which extended exactly to the 1.27% area. Expecting a decent break. I will notify on targets later.
MercadoLibre ( NASDAQ:MELI ) and Sea Limited ( NYSE:SE ) are two highly correlated stocks in the same sector (Internet entertainment/e-commerce). Since SE had a 50% increase in the second half of 2018 (marking the beginning of the market-cap similarities), their correlation began, and SE's large moves (or lack thereof) are highly likely to be precursors to moves...
I've been looking around for various data tools to indicate recessions catalysts and their relationships to financial indicators over the past few months. From those efforts, I've honed in on a particularly interesting ratio that seems to indicate financial shocks that spark recessions (indicated with green shading). It looks like when you take the Fed's Interest...
The leading indicator has already pointed out exhausted bullish. Technically talking we all can see dxy has extended a lot high due to some past week greenback power over most of its counterparts. Last week it was an almost risk-off market situation where safe haven did most well and the case dollar been dragging most of its counterpart creating some bullish...
Similar to NZDCHF (Makes for decent correlation) , in a case like this one pair will just work as a leading indicator where price will go , if you miss one there's another one, use it to your advantage i guess (doesn't mean you should have positions open on both , it just means double the risk not the money, you could but that's not the best idea) evidently...
Across multiple cycles LTC has always been the first mover rather it be for the upturn, downturn or even pattern development. And now we see that ETH is in a falling wedge but is yet to test the 0.786 fib retrace; meanwhile LTC is very very close to it's 786 retrace and is now closing in on it's most important zone of support. If the trend of LTC leading ETH...
I originally posted this setup on Oct. 30 (linked). It took FOREVER to reach the anticipated reversal zone but today's capitulation sell-off finally completed this wave. I can only imagine how negative sentiment is today on social media and such, so the mood and despair for the bulls also creates good conditions for a major bottom here. Note to self: sideways...
Massive 06' double top and a clear channel breakdown. Not bullish.
One more update. Looks like this Lead line on the 30 minute cloud is actually quite relevant. We may just "Bart head" down from here without any sort of boost.
Hello team! So, something I've watched for a while ... ETH, and I have a hypothesis. It does a great job telling us when a BTC drop is incoming. Check out this chart. I'd say in all instances except maybe one, the drops defined gave us advanced warning. The purple dashed lines mark the start of the ETH drop and compare that to when BTC drops. There is a definite...