The S&P to Gold Ratio has effectively traded sideways for the last few years. The ratio has now broken out to the downside. I would say that a 30-80% correction in the stock markets remains a threat despite Fed rescue efforts. I believe over the next several years that gold will outperform the s&p500. Contrary to popular belief, US stocks have not greatly...
Once again, notice how orderly and well-respected the trendlines are throughout a 21 and 24-year expansion. Show these US stock market charts to anyone who tells you that technical analysis doesn't work. Study these time periods and become well-acquainted with the stock market parabolas throughout history.
S&P has been trading inside a 4H Channel Up (RSI = 50.132, MACD = 13.590, ADX = 48.232) with the 4H MA50 (blue line) supporting. The negative fundamentals (China virus, disappointing earnings) ahead of the Fed Interest Rate Decision this Wednesday, can make investors sell initially (and ask questions later). There is a strong break out level to consider and that...
We have already mentioned that the S & P500 major rally started 57 weeks ago : We are now facing a tough sale. So which sectors were traded on the index or discounted in this process? You can view them from the terminal. I would like to write the sectors that remain inexpensive so that when we return to the favorable atmosphere, keep in our mind: OSX :...
AAL has completed 2 years since the January 2018 top. The downtrend since then has been non-stop and 1W even formed a Channel Down with the MA50 (blue line) acting as a Resistance and Lower High. With 1W however turning neutral (RSI = 49.107, STOCH = 47.539, ADX = 14.260, Highs/Lows = 0.0000) after finding Support at 24.70 (has been holding since June 2016) and...
Sprint posted a strong rebound yesterday as it found Support on the 4.80 - 4.70 Zone. At the moment it is still on a strong 6-month Channel Down (1W RSI = 34.548, MACD = -0.393, ADX = 48.905, Highs/Lows = -0.4078) but the conditions for a long term bullish reversal may have already started to emerge. The strongest bullish confirmation would be a break above the...
Following Trump's phase 1 trade deal tweets, DJI rose but the uptrend stopped on the Higher High (bold black) trend line on the 4H chart. With 4H technicals turning neutral (RSI = 56.131, MACD = 85.700, Highs/Lows = 0.0000), this may be an early signal that today's High may deliver a rejection. How far can that go? The previous two Higher Highs delivered a...
Dow Jones futures have so far failed to recover the 28,200 All Time High and has turned neutral on 1D (ADX = 17.288, CCI = 8.0129, Highs/Lows = 0.0000). On the 4H chart we see a Death Cross formation emerging (MA50 crossing below the MA200). Within the monthly Channel Up we've been trading in for the majority of 2019, every time a 4H Death Cross emerged, the index...
SPX is trading near all time high at which i believe final wave 5 is taking place and it might end soon near 3170 level before any correction could take place to revisit previous wave 4 . watch out for the risk that might apply to your trade if you decide to enter shorts from here. good luck
US stocks end the week higher rose in today's trading amid optimism that dominated the markets after news that trade negotiations between Washington and Beijing are proceeding positively
It is always important to keep one’s mind open and to consider all possibilities. At this point I am expecting a pullback correction in Gold, between $1416 and $1434. If this pullback comes, this will be an opportunity to accumulate undervalued junior miners who will play “catch-up” to the large cap miners. Additionally, with the gold-silver ratio finally...
Short term Elliott Wave view suggests the rally in S&P 500 SPX from August 6, 2019 low is unfolding as an impulse Elliott Wave structure. In the chart below, we can see wave (1) ended at 2943.31 and wave (2) pullback ended at 2834.97. Internal subdivision of wave (2) unfolded as a running Flat. Wave A ended at 2825.51, wave B ended at 2939.08 and wave C of (2)...
NASDAQ 100 Buy Zones at 7700 to 8500. I am bullish but wait for retest of low.
Visa became today the largest S&P500 company to hit new All Time Highs since the May correction. 1D is on very healthy bullish levels (RSI = 60.091, MACD = 0.770, Highs/Lows = 1.7236) to ensure further uptrend. What is particularly interesting is that the price action since early May is identical to the January - April 2018 candle sequence. Even the RSI pattern...
The index has bounced this week off the 1,458.00 Support which was the contact point on October - November 2018. This is a cyclical buy opportunity on 1D and an early long signal as 1D is still neutral (RSI = 44.642, ADX = 33.294, Highs/Lows = 0.0000). We are long on RTY targeting 1,590 (Resistance). If this bullish sequence later holds the 1,498.80 - 1,514.20...
Sprint made a Death Cross on 1D last week (MA50 crossing under MA200) on bearish RSI = 38.934, MACD = -0.125, Highs/Lows = -0.1518. The same pattern has been spotted 3 times in the past, all of which resulted in massive loss in value (roughly -41.50%, -52.30% and -47.80% respectively). Assuming it follows a similar pattern, an equivalent of the last Death Cross...
With SPX approaching its All Time Highs (ATH), having risen non-stop on the 1M chart since the December low, we try to answer this question: How SPX behaves near its All Time Highs? In this attempt, we thought it would be useful to back-test two long term periods, which share remarkable similarities: the 1966 - 1990 period with the 1998 - 2019...
The index is now testing the 1W Resistance (26,280 - 26,300). 1D has been trading on an Ascending Triangle pattern (RSI = 62.583, MACD = 150.200, Highs/Lows = 229.6786) and upon reaching this 1W Resistance zone on overbought stochastics (STOCH = 98.665, STOCHRSI = 90.823, Williams = -0.392) a sell window opportunity emerges. The SL however should be tight...