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DIS

Posted by on 21st of Oct 2021 at 04:33 pm

DIS - Chart Link- down about a buck after hrs - so if you still hanging short it may work yet - needs to obviously lose the trendline

FANG index close to the recent highs

Posted by on 18th of Oct 2021 at 02:36 pm

AMD

Posted by on 15th of Oct 2021 at 09:52 am

AMD - Chart Link- Goldman Sachs said AMD is their favorite Semi, mine too for a couple years

at the moment some of these are hanging in okay, off the lows holding up intra day. Always keep an eye on these as well

GOOGL - Chart Link-

AAPL - Chart Link-

AMZN - Chart Link-

SPX 60 min comments - can count 5 waves down from wave (B)

Posted by on 30th of Sep 2021 at 02:52 pm

$SPX - Chart Link- we can count 5 waves down now from that wave B high, I put the labeling on the chart. So is that it for wave (C)? double bottom? too early to tell, but can count the 5 wave structure at this point

QQQ 60 min and SPX 5

Posted by on 30th of Sep 2021 at 02:43 pm

QQQ - Chart Link that push down earlier created a bitter positive divergence

$SPX - Chart Link back testing the bottom of that channel

UNG follow up

Posted by on 27th of Sep 2021 at 02:25 pm

UNG - Chart Link- last week your low risk buy was at the 20 day MA

however to be honest I didn't think it would go to a new high on one straight move, but looks like it wants to

SMH Daily View

Posted by on 24th of Sep 2021 at 01:14 pm

with my wife in China

Posted by on 9th of Dec 2019 at 05:29 pm

with my wife in China and Dad in charge I think this illustrates the differences between men and women. Men will do nutty things when bored

bought some life size lego's for the kids and built that.  I can just say Olivia needed a place to do her homework LOL

Not sure what you mean,

Market comments

Posted by on 16th of Nov 2017 at 06:10 pm

Not sure what you mean, the systems have no correlation to one another and shouldn't be cross referenced 

DUST has a IHS on

GDX and DUST

Posted by on 4th of Sep 2014 at 12:57 pm

DUST has a IHS on the daily 

LEJU Update

Posted by on 4th of Sep 2014 at 10:28 am

LEJU - Chart Link

Test post..nice continuation

Thanks for the update

Ongoing Issues with Site

Posted by on 4th of Sep 2014 at 10:05 am

Looks like it works... but

test post

Posted by on 4th of Sep 2014 at 10:04 am

Looks like it works... but no name as to who posted it

test post

Posted by on 4th of Sep 2014 at 10:04 am

testing post, here's my EMD 60 min system, been catching trends well, 

otherwise we are still resolving website issues and fixing them as we go

APA, MET follow up

Posted by on 14th of Nov 2013 at 12:31 pm

APA - Chart Link from last night's letter

MET - Chart Link

COG Short Update

Posted by on 10th of Sep 2013 at 12:12 pm

SPX and DOW Intraday Charts

Posted by on 27th of Aug 2013 at 01:02 pm

$INDU - Chart Link

$SPX - Chart Link

$SPX - Chart Link

I have redrawn a new downward channel in the SPX to monitor and also show the open gap at 1631.89 on the SPX below. As mentioned this weekend, the DOW lagging (was unable to break its down channel/symmetry on bounce) was a concern regarding the recent bounce/rally in the other indices. 

From a mapping perspective off the early August highs, I have two considerations at this point. 

1.) Intermediate A completed at 1639 (Wave 1 for larger bearish view) followed by a relative small (time and price) Intermediate B (or wave 2) rally back to 1670. This would imply that Intermediate C (or wave 3 for the larger bearish view) began yesterday should continue to subdivide lower (lower highs and lower lows) with the 200 day MA below as one target over time.  This view is supported by the larger rallies in the RUT and Nasdaq which clearly broke symmetry which implies a higher degree rally (Intermediate B).  

2.). The other option would be that Intermediate wave A down is still yet to complete (the recent bounce was simply a wave 4 and now in wave 5 down to complete).  Under this option, Intermediate wave B back up would follow in a larger bounce/rally that should retrace 50% of the entire decline.  

Both are viable scenarios but I will remain cautious and favor option 1 until evidence changes (especially with the uncertainty surrounding Syria).  In the bigger picture, I warned of technical weakness several weeks ago (and provided substantial evidence as to support this view) prior to the initial decline and then favored a lower high to be established on a rally. The small wedges I posted yesterday warned of some type of pullback and the Syrian news only added to the fear. Overall, not perfect but pretty decent. 

Continue to respect your triggers (signals) in accordance with the time frame your are trading. 

SPX 15 View

Posted by on 19th of Jul 2013 at 11:29 am

$SPX - Chart Link

Another push up to new highs would form a potential ending diagonal..just throwing some options out there. 

GDX Daily

Posted by on 14th of Jun 2013 at 12:30 am

GDX - Chart Link

Simply showing trendlines and the moving averages...going to need to see GDX break above and successfully backtest those areas to get the ma's to a bullish configuration.  

Likely to be some fireworks next week on stocks, etc. with the FOMC meeting.

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