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

Beware of suicide bombers…

Posted on Sep 28, 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 If this picture looks familiar, it’s because it is familiar.  There is nothing to be said about the market that has not already been said.  But don’t worry we’ll find something.  But it has less to do with the market than with the lamentable state of the nation. With jihadists running rampant in […]

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Whim, caprice and vagary…

Posted on Sep 24, 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 Whim, caprice and vagary — the three horsemen of the Apocalypse, riding roughshod over the market.  And over Washington.  Barely had the market luxuriated in the shower of Helicopter Ben’s  cash  than the market goblin whispered in traders’ ears “Don’t forget about the budget crisis… and the debt ceiling crisis… and Ted Cruz […]

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Helicopter Ben dumps cash on market…

Posted on Sep 19, 2013 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=8&dy=0&id=p57309614995&a=266398464 The chart doesn’t care why the market got a shot of pure oxygen.  All it cares is that as everybody is saying, that prices are in open air.  That is the reason you buy new highs.  And you can buy new highs here.  Ben gave us a power bar that ought to shut […]

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S&P 1900? Why not? But not in one wave….

Posted on Sep 16, 2013 by .

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  (sorry no link–but you can go to stockcharts.com and call it up) And besides that the witching month is coming.  Every October 19 we start twitching.  It’s like passing the haunted house on the way home from trick or treating.  The PnF chart above is not the only one predicting 1900 on the S&P. […]

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A second bite at the apple…Gold problems

Posted on Sep 12, 2013 by .

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http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 We shorted gold based on the downgap.  A trade rather than an investment. The August buy signal canceled by the retreat and gap constitute that phenomenon technicians regard as a high probability trade — signal- canceled signal — new signal in the other direction. Apple, on the other hand —  Yesterday we spoke favorably […]

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