How to Catch TSLA-like Moves Before They Occur
In the past three months TSLA shares have doubled. How does one catch a move like that before it occurs? Well, there’s never so much as a guarantee in the markets, but silly little lines can help, or at least…
Potential for a 50% Rally in This Stock is Rising
Note the stock below is working on a break above line (2) which represents its 23.6% Fib resistance formed off its recent highs and lows. This resistance, as indicated by the red arrows, has been formidable for the stock over…
Analog Update
Haven’t updated analogs in a while so this will be an exhaustive attempt at that. 1) 4th & 5th Consecutive Annual Gain – All ex 1928/1929 – Dow 1A) 4th & 5th Consecutive Annual Gain – 1988/1989 vs. 2012/2013 –…...
Nikkei Faces Critical Resistance, What Would a Break Above Do?
As we’ve said all along, 14K seemed like a likely upside target for the Nikkei this year. Now that we’re there, what do we do? To be honest, we’ve not been sure and have vacillated back/forth b/t a new secular bull beginning…...
Bullish Looking Technical Set-Ups in This Industry
Below are some interesting technical set-ups in semiconductor related names. Have been struggling to find many such set-ups across the market/industry landscape of late, but those below reasonably appealing (some more than others). The larger-cap ones are likely the best…...
Market Nearly Perfectly on Track to Deliver 15% Median, One-Year Gain as Suggested Last August
On August 15 last year in this post we noted that if the market closed that week above 12,982 there was a 91% chance it would be higher one year later, with a median expected gain of 15%. The market closed…
The USD’s Next Likely Move is…?
In the chart below the USD is testing line (2) resistance. This line is important – the USD has spent all but three of the past 27 years below it, excluding 1999-2002. Moreover, the line has sent the USD retreating…...
This Stock is Attempting a Break-out From 15-Year Channel Resistance
F is presented on a weekly basis below. The stock is pressing the top end of 15-year channel resistance, or line (1). This line has turned the stock away 4x since the late 90s. The overall channel has been in…...
PMs Experienced a Crash of Sorts in April, Now What?
I’m not convinced that when an asset experiences a crash/mini-crash-like event as PMs did in April that they immediately bottom and begin a sustained thrust higher like nothing happened. Such technical destruction tends to result in highly volatile bottoming processes…....
This Stock Sits at 24-Year Support
CLF on a weekly basis below. Had put this on my radar to pick up at $16 but got preoccupied with other things late last week and missed. Regardless, the $16 target was defined by 24-year support line (1) in…...