I’ve been slipping in some of my behind the scenes “Chart Art” posts that have been received well so I thought I would share another simple Arc and Andrews Pitchfork “advanced technique” analysis on Intel (INTC) which appears to have come into a possible inflection point. Let’s take a look.
Today (August 4th) gave us yet another powerful example of the “Three Push” Reversal trade in the SPY and @ES futures which was confirmed with a ‘three push’ divergence both in the momentum oscillator and more importantly in the TICK. Let’s take a look.
Adam Hewison released a 4-minute free update video on the Gold and Crude Oil markets, and notes that both markets pivoted at the 61.8% Fibonacci level on the recent downswing into ‘thin air.’ Entitled “Fibonacci Analysis of Crude Oil and Gold,” Adam zooms in on the current move on both markets’ daily chart to note…
It’s time for the August Elliott Wave Count update on the S&P 500. I will show the two most plausible Elliott Wave Counts which remain unchanged from May’s Elliott Wave Update (which successfully targeted 1,000 as a minimum upside target in the S&P 500). Please review that post for deeper context as you read the August update.
There’s an interesting debate on what exactly is the dominant technical pattern in gold on the weekly chart. Let’s take a look at the two possibilities and note possible price targets for both patterns.
I wanted to show a quick update of the current SPY (which is similar to the DIA and QQQQ) ETF chart to note two ominous bearish candles at the recent highs of $100.oo. Let’s take a look.
A reader recently asked me for my take on Citigroup (C), as to whether or not the stock was perking up enough to warrant interest. I thought we’d take a quick look at the Weekly Chart and note the differences in the Logarithmic and Arithmetic charts and note a key level for bulls to watch.
I’ve never (or can’t remember) seeing three “Three Push” TICK Divergences on the same day, but July 30th’s intraday SPY (and @ES) charts gave us this repetitive and high probability reversal pattern. Let’s take a quick look at it! (Click for Full-Size Image) The day began with an opening gap that pushed into the first…
With the end of July upon us Friday, I thought it’d be a good idea to look at both absolute and relative performance of key sectors to see where money flow has concentrated. Let’s take a look: Here we see the absolute returns of the key sector SPDRs as shown from StockCharts.com. The S&P 500…
I’ve heard on television all day about the “surprise” breakdown in gold prices over the last two days. Let’s take a look at one of the classic signals gold prices sent ahead of the down move this week, as well as learn a lesson on momentum.