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Technical Analysis of Stock Trends | Archive | July
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Archive for July, 2013

Tiptoeing along the razor’s edge…

Posted on Jul 28, 2013 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=7&dy=0&id=p10149991945&a=259588108 After 22 days and and 8% wave prices have reacted across the wavelet trendline.  As we have often pointed out it is the length of the trendline which is important.  In this case a broken 22 day trendline would not portend much grief.  But we never say never.  What is going on at […]

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Silver…gold…short squeeze?

Posted on Jul 23, 2013 by .

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http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=0&id=p15218233755&a=236108789 Silver gapped across the downtrend line.  A clear signal.  Note that even clear signals don’t always result in profitable trades.  On the other hand trades made without signals are much more likely to be losers.  Market rumor has it that the hedge funds are squeezing shorts.  Not known if these are boxers or jockeys. […]

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Dow reconfirmation, SPX 1940…what’s not to like…

Posted on Jul 20, 2013 by .

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(sorry no link possible)     (sorry no link possible) The PnF method, finding a breakout on the 11th, computes a price target of 1940 for the SPX.   Jack Schannep, the eminent Dow Theory analyst noted this week that the Transportations had confirmed the Industrials at new highs, thus clearing the way for a […]

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Open season on stocks and ETFs…

Posted on Jul 14, 2013 by .

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    http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=0&mn=3&dy=0&id=p94198347578&a=229975465     So many issues have broken out that it is difficult to track them all.  Looks like the running of the bulls.  IWM is in the clear here.  And so are the Qs: http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=6&dy=0&id=p10072938397&a=266692690 Here we see once again the utility of the alpha-beta-gamma pattern.  It would have kept us from […]

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Power bar to new high…bad country for bears…

Posted on Jul 12, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 Often it is not just what happens, but how it happens.  Yesterday prices powered up on a distinctive power bar to close at a new high.  New highs make many investors nervous — and afraid to buy or increase their commitments.  But pros know that prices at new highs represent prices with no defined […]

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