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Technical Analysis of Stock Trends | Archive | July
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Archive for July, 2016

Making sense of Market-in-Wonderland… (without rabbits and Alice)

Posted on Jul 31, 2016 by .

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http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=9&dy=0&id=p04129157306&a=256938322 Just in case you thought AAPL was dead (or rotten), here’s apple juice in your ear.  That gap from May has been closed with an eye catching (if not ear catching) gap.  Buy signals all over the place.  We are always amused to see the financial press get egg on its face over Apple. […]

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Probing new territory…

Posted on Jul 23, 2016 by .

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http://stockcharts.com/freecharts/pnf.php?c=%24INDU,PWTADANRBO[PA][D][F1!3!!!2!20] This is such a beautiful chart, with such long term meaning that we have to show it.  20349 targeted in the Indu.  What gives this credence is the months and moths of tedium as the market backed and filled and fizzled and failed.  The market doesn’t just do that  to test investor faith.  It […]

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Breaking away…

Posted on Jul 18, 2016 by .

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  http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p90213512304 Not much debateable here.   All the indices are breaking to new highs. http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p46911828355 The spx, similarly, breaking away.   http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p58769923697 http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p46911828355 And the qs.  Everywhere you look there are buying signals.  We are in. What does it mean?  Well one thing it means is illuminated by the PnF chart:       […]

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Silver bullet…

Posted on Jul 10, 2016 by .

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http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20] We recognize the cognative dissonance involved in being loud deniers of  forecasting and predicting on the one hand — and using the PnF system as a crystal ball (something of an exaggeration) on the other.  Well, you have to predict the future some way and this way is better than most.  And right now […]

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Silver rocket–Spx rocket–happy 4th…

Posted on Jul 04, 2016 by .

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  http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p94735009296&a=455395444 Good news or bad news?  Or no more news?  Silver breaks out — but it is now maybe, too hot to touch.  It has gone parabolic,  and you know what happens when an issue has gone parabolic.  In general they collapse and burn late buyers.  We will be watching silver this week to […]

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