Update from 22 days ago. I published a bullish breakout call when TLT-was at $132. Let's review Don's TRADE-MAP approach: TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces. .....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price...
This is an update from ideas I published 15 days ago. There has been an attempt to rally-DB, but DB-continues its down-trend at every attempt to break through a down-trending 89 day moving average. I have shown five such failures on the above chart. In my opinion DB-has been warning of banking woes in Europe. The uncertainty of Brexit now clouds the future of...
Fifteen days ago I published my thoughts about various strong "Trending Now" asset classes. These trends could be up or down. Agree Reality-ADC-remains in its very strong uptrend. It is likely to remain strong. Here are my opinions as to why: Disclosure - I do own ADC-and added more to my position this past week.. As you can see from the chart above, ADC-got even...
Ten days ago I published "Trending Now". MNR-was installment 4 of this series. I thought I would share with all some charts that are, for lack of a better description, "Trending Now". Disclosure - I have a new position in-MNR. As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend. This stock is...
Six days ago I published a chart and asked this question: Are metals prices ready to surge even more? XME-suggests yes. The SPDR S&P-Metals and Mining ETF-offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap. (end of...
Are metals prices ready to surge even more. XME-suggests yes. The SPDR S&P-Metals and Mining ETF-offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap. I have observed the following in the chart of-XME: A Bottom...
XLF-is the Financial SPDR. It includes JPMorgan Chase-Wells Fargo-Chubb-Citigroup-AmExpress-Travelers-etc. Is the weakness in this SPDR signaling a spillover from European bank weakness? The XLF-chart is continuing its down-trend, and even the Ichimoku Cloud is demonstrating harmonic patterns for key reversals. For example, look at the five numbers I have placed...
In 1983 it was my job as a Quality Engineer to plot control charts for manufactured items. From these charts we could calculate the probabilities of how many defects per million we would experience. This principal of math was pioneered by Walter Shewhart back in the 1920's. I worked with the Empirical Rule (also know as the 68-95-99.7 rule), which says that if...
Trending Now Installment Number Four: I thought I would share with all some charts that are, for lack of a better description, "Trending Now". Disclosure - no position in MNR-but looking to go long. As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend. This stock is only .75% off its 52 week...
Last weekend I published this for Hecla Mining: Hecla Mining has been a very bullish gold-miners stock . The chart indicates a "Continuation Diamond" pattern. This pattern is considered a bullish signal. The upside projection for Hecla Mining is approximately 20% in a month. The time approximation can be figured because the "Continuation Diamond" pattern took this...
Trending Now Installment Number Three: Not all trends are up! Three months ago, when DB-was $18, I published this: "Deutsche Bank will most likely continue its decline from its all time high of $125 several years ago. This decline has been slow and painful, but steady. I feel this stock is heading lower." (end of my quote). DB-continues its down-trend. Will this...
Second Installment: I thought I would share with all some charts that are, for lack of a better description, "Trending Now". Disclosure - I do own TRNO-and added some more last week during the 900 point (DOW-Industrials) pullback. As you can see from the chart above, TRNO-got even stronger. This stock is only 1.15% off its 52 week high - and set several new highs...
TLT-Update: A week ago I commented that TLT-will likely breakout to the upside. It did indeed. I sold after a six point gain in just two days. I will wait for a pullback to the thick black line above the alligator teeth. This is the Ki jun-Sen baseline of the Ichimoku Cloud. Right now this is about $135. For the rest of the technical details, please look at...
I thought I would share with all some charts that are, for lack of a better description, "Trending Now". Disclosure - I do own ADC-and wanted to buy some more last week during the 900 point (DOW-Industrials) pullback. As you can see from the chart above, ADC-got even stronger. This stock is only .31% off its 52 week high - and set a new high each day last...
ALCO is a tough one to call. There are more negatives than positives, yet it is in a good industry, because the "soft commidities" are in the midst of an uptrend. Alico-is an agribusiness and natural resources management company. TRADE-MAP (what each letter means): 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining...
Five days ago I published a negative outlook for Facebook---This is an update. The selling continues and the decline will likely pick-up downside momentum. Facebook-is weaker than five days ago. A complete technical analysis is available on this publication. Another thing to consider: Facebook- is a very liquid stock and money managers/ traders may be FORCE TO...
Energy prices, as measured by XOP-are very likely to decline. The-XOP-chart is rolling over to a (likely) new down-trend. There is substantial resistance at $38. A five wave harmonic pattern with three a-b-c corrective waves has just been completed. This configuration has not yet rolled-over, but I think it will as the price approaches the 89 day moving average...
Hecla Mining has been a very bullish gold-miners stock. The chart indicates a "Continuation Diamond" pattern. This pattern is considered a bullish signal. I have highlighted this pattern in fluorescent green. How does the "Continuation Diamond Pattern" work? (I'm glad you asked). The price action creates higher highs and lower lows as the pattern broadens...