649bruno

649bruno

Six days ago I published a sell signal for CAT. I have gone short and covered once since then. I have gone short on CAT again. Here are the letters and what "TRADE-MAP" means to me (first the letters in 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. Now the letters...

649bruno

Eleven days ago I published a warning for severe selling in WMT. Today WMT got sold down, HARD, and XRT had its worst day in years. Macys, Kohls, TGT, WMT, GPS, NKE, FL, and most retail stocks in general, got clocked. The charts for most retailers look terrible. This is yet an indication that the stock markets are selling at P/E multiples that are are not only...

649bruno

As DXY failed at $94.30, USDJPY also reversed downwards. I discipline myself to use a TRADE-MAP approach. I have to remind myself to use "best practices" and not let emotions cloud my view. TRADE-MAP stands for: 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces. Now the letters...

649bruno

Two days ago I published charts on DXY. The US Dollar was approaching a down-trend line at $94.30. I cautioned you at the time that DXY must breakout to the upside at this level. After several attempts, DXY failed. I sold my long DXY positions on May 11th, 2016. In my opinion, DXY will remain in a down-trend until $94.30 is broken convincingly to the...

649bruno

This is part 6 for DXY, the "Jack Be Nimble" trade. DXY is rising, but beware of warnings that the trend may stall. 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...

649bruno

On May 3rd, 2016, I published charts for DXY. I went long the US Dollar on this date. The DXY has been marching up. If you looked at GBPUSD, this has been weak since May 3, 2016. Even USDJPY has been strong since May 3rd. Here is what I am watching: the uptrend impulse leg for USD has ended as of noon CDT May 9th, 2016. I look now to $94.30 as a level that must...

649bruno

This is part 2 of this series. The Financials. In Part One I pointed out a bearish 5 wave impulse pattern (with a-b-c corrective waves) nearly completed. I also postulated the following formula: Inter-market analysis suggests the following formula (from Don's book of logical assumptions)....... E = MC x 2. Translation: Energy = Momentum Change x 2 ( XLE...

649bruno

When the S&P 500 was selling off in February, the Energy Sector, and its related components, sold down and formed a double bottom. There was worry that banks would be in trouble because of non-performing loans to the energy companies. Since then, the energy sector has rallied. The above chart is of XLE. The energy giants in XLE include...

649bruno

As I said in Jack Be Nimble, Part 3, the longer term view in DXY is still down. The regression trend needs to be broken at $94.30 with a meaningful upside reversal. Until then, I will remain JACK BE NIMBLE on this trade. Any failure at $94.30 and I will close my long position. I would like to finish with a quote from Mr. T: “I believe in the Golden Rule. The Man...

649bruno

This is an update on DXY . I published the JACK BE NIMBLE reversal article May 3rd, 2016. I am long the US Dollar, but I believe that $94.30 has to be convincingly broken to the upside to have a DXY in an upside reversal. The one hour Ichimoku Cloud readings (above chart) are very positive: Let's review Don's TRADE-MAP approach: TRADE = 1. T : Time and space...

649bruno

Six days ago I published a GBPJPY chart. The question was "has GBPJPY put in a bottom, and would it reverse"? The weight of the evidence is as follows: GBPJPY is still in a down trend. Here are some of the reasons I feel this way: The Ichimoku Cloud is heading lower, the phase energy remains weak, the alligator jaws are feeding in a down-trend, and prices are...

649bruno

This is part two for CAT. In part one we highlighted a five wave (and a-b-c corrective wave) harmonic pattern. In the above chart I am showing you a completed bearish Alt Bat pattern. Both parts one and two are in the same time horizon. I am trying to illustrate different ways of constructing harmonic patterns. Elliott waves can be of short, intermediate, and...

649bruno

CAT has flashed a sell signal. A five wave (with three corrective waves) harmonic pattern has been completed. Not shown on this chart is the recent strength in DXY. A stronger US Dollar hurts CAT via currency exchange rates. Besides the harmonic pattern evidence, what does the TRADE-MAP analysis suggest? Here are the letters and what "TRADE-MAP" means to me...

649bruno

This is part 2 of this series. This is a comparison of DXY , which is most of this chart, versus UDN ( Powershares US Dollar Bearish ). As the DXY falls the shares of UDN rise. Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE): 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining...

649bruno

During the day (May 3, 2016) the DXY Index was demonstrating signs of strength. I listened to a business show late in the afternoon and it was recommended that the DXY weakness was over and you should position yourself in UUP, because the US Dollar (via DXY) would soon rally. This may happen, however...... Above is the daily chart of DXY, and this chart is...

649bruno

After a five impulse wave structure and three a-b-c correction waves, the down-trend line for GBPJPY was broken for a short while, and then the upside breakout stalled. You would expect that the ending point of wave-5 will lie on the lower trend-line, and, and the exact ending point of wave-5 should be determined by other technical analysis tools, including...

649bruno

I was reviewing a chart for DXY. An impulse wave was completed on April 12, 2016, and the trend continues lower. I then used UUP as a proxy for DXY, because these are the bullish US Dollar Powershares. The pain trade is to anticipate going long. I think DXY will continue lower. Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE): 1....

649bruno

I hope you like this article, it took me about six hours to research and write. I listed specific dates that events happened so you can check it out for yourself. On the crime show C-S-I, Mark Harmon and crew examine the evidence and usually figure out the "who did what and when". I have a new friend in Rio- who said Fibonacci time analysis is hard, and I agree...