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…
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…
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 –…...
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…...
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…...
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…
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…...
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…...
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…....
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…...