adatherton

adatherton

The 1995-2003 price/action looks very similar to the Trump Term 1 chart. This means we are close to a top (chart is log, so still possibly 30k), but predicts a small crash at the election, and then something larger when policy is changed (tax hikes? rate increases?)

adatherton Updated 

Seasonal defensive BRK.B has bounced off the 200MA. It fell last week (w/e May 10) despite beating on earnings. There were no guidance issues, but it was caught up in the trade war sell-off, despite being a defensive little affected by this, and by being overbought. I suggest entry at 208 ($1 below market). We are relying on the rising channel (note the very...

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Not sure about, will follow the outlined projection for a bit,as it appears to make two failed attempts at new highs. Entry 117 SL 121 TP 92 is a big RR, 6.25.

adatherton Updated 

JNJ has bounced off the 200MA. The last two moves pushed slightly through it, hence my entry at 137 for another touch, with a stop of c.1% (135.50) below the MA and parallel channel line, and a modest target of 143, the Sep 18 high, giving a 4:1 trade. The 2018 price/action below the MA shows this stock does take that indicator into account. Note also a fairly...

adatherton Updated 

XLP has bounced off the 200MA. The last two moves pushed slightly through it, like this one, and the subsequent ramp was at least to the previous high (Feb-Mar) if not higher (Jan). The 2018 price/action below the MA shows this stock does take that indicator into account. The recovery looks to be finishing the final sub-wave of W3. March shows a slight pullback,...

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MU is a clear tech short for summer. Consistently missed on earnings, and a kind of messy H&S pattern. Might be a potboiler, but the skewed H&S leads to an obvious support level of 27 (our target), which in turn means an entry at 39 (market) allows a generous $3 (7.7%) stop. Obviously a small size trade. Only an earnings surprise on Jun 21 could upset this trade,...

adatherton Updated 

Buy here for 57.84. Similar to the big drop in Q4/18, ignoring the Xmas week as a sentiment outlier.

adatherton Updated 

This is a pattern seen many times. A new ATH and shallow pullback, a second failed attempt to make the high, and a deeper (ie 10%+) correction. The time of year and macro sentiment is right. 2012 predicts two attempts to break 2885, then a summer fade to 2918 (50% retrace).

adatherton

There is no reason why an inverted Copper chart should look like the Gold chart, but leading by 13 days (April 21=now). But it does look like it. I have bought at market (1290) for 1335 with a tight 1280 stop. RR 4.5:1. Very small size, as I have no other. evidence.

adatherton Updated 

The shape of the FTSE100 chart in 2018 bear similarities with that of 2015. The top is more rounded than SPX. The turmoil over the forthcoming Brexit execution on Mar 29, 2019 makes this a less attractive market than other non-US indices. Note that the fractal predicts a low of 3896, almost exactly 50% down from the top. This compares well with the 53% drop in...

adatherton Updated 

Note how KO only dropped 10% when DIA dropped 20%. A strong defensive and XLP constituent, where it is currently outperforming (XO/XLP). It is possible it may not follow DIA to a double bottom. 46.68 is a nice confluence of the Summer 2018 consolidation top and trend bottom, and neatly fits 1Q19 earnings date.

adatherton Updated 

The EXX1 ETF (European Banks) price/action on the 1h chart appears to be closely following EURUSD from 12 weeks earlier. It's a very close match

adatherton Updated 

Confluence of fibs and parallel channel suggest a further, but final move up to end this anomaly.

adatherton Updated 

The Philippines Stock Market ETF seems to move in perfect triple waves in a flat top and bottom range. It has just finished the B wave, so I have bought at market, 34.70, with a target of 40.00, the previous high, the same distance as A (7.40) and a round number as well. Stop at 33 to make the RR work, although cautious people would lower size or even entry and...

adatherton Updated 

Gap Trade. Fill the gap then go back up. BUY 117.75, SL 111.50, TP 133.50 RR 2.52. Target is base height of triangle (circa 20%)

adatherton Updated 

Repeat pattern from May-Oct 2018. Two trades here as DXY blows out to 99, then pullback to the 200MA.

adatherton

ZBRA is highly rated fundamentally, and despite an ER miss in 18Q4 was propelled, after three years up into the upper band of a pitchfork channel. Another ER miss on Apr 30 caused a pullback, exactly to the centre (ie the lower band of the upper channel). The RSI pattern is reminiscent of Dec 18, and it is possible that the price will fully recover. Allowing for...

adatherton

XLV pulled back sharply largely to do with a knee-jerk reaction to the Dems ‘Medicare for all’ (ie Europe-style government health service). Contrast this to the general Dec 2018 market collapse, and we see - a 7.2% W1 rise - a 50% W2 pullback - a W3 repeating the move, and running to the 1.618 fib The price carried on after December, but just anticipating a...