CosmicDust

CosmicDust

Overall the chart is still weak but MACD ( > 0) and RSI ( > 50) are getting better, price is now above 40 week MA. We will give it one more week to prove itself.

CosmicDust

We need the price to go above the red resistance and then it can target $38. Once $38 level is cleared if ever, we can think about $43 to $46 level.

CosmicDust

It needs to go above previous high which is $26.14 before anything else. Visually the moving average rainbow is tightening, which indicates the start of a big move is coming.

CosmicDust

In June 2010, after 50% retrace it bounced strongly and gained 66% in the next 10 months. Is it in a similar situation today? we will have to see how it behaves in June.

CosmicDust

It appears to be double bottomed. Technical aspects look good. IMHO, it is a strong buy if ever breaking out.

CosmicDust

So far uncertain if it is just technical based selling or any fundamental reasons. It is a sell once it breaks 40 weeks MA (which is 200 days MA).

CosmicDust

ASHR (China CSI 300 index) has been steadily rising since 2016 low. MACD is now positive, price is above 10 month MA. Need it to take out Nov. 2016 interim high to confirm the trend change. IF that ever happens, I would expect a price spike.

CosmicDust

TLT had double bottom and now broke out. First hurdle is 40 weeks MA (around $126) and if that is cleared it can possibly reach $130 level.

CosmicDust

Like the period of 1996 to 1997, market can go higher together with vix. Like the period of 2007 to 2008, market can go lower with increasing volatility. Current period? anyone's guess.

CosmicDust

Technical setup looks similar to the 2000. If breaks out, might be an indicator to overweight precious metal related assets (and underweight US equities in general).

CosmicDust

The ratio is breaking out and is above 10 month MA. 10 month MA itself is turning. Probably an indication emerging market should be overweighted gradually.

CosmicDust

Technicals are similar to 2001 - 2002, with diverged RSI and MACD. Probably a strong buy if it breaks out and price goes above 10 month MA.

CosmicDust

GREK has been consolidating for more than a year since Feb 2016 low and is most likely building a base. IMO, it is a buy once closing above $8.41 (May 2016 high).

CosmicDust

TBT had a long term breakout last November. Looks like it is working on a re-test. A close about $43 might be a game changer (to confirm the death of bond bull market). It is still too early to make the call.

CosmicDust

looks like a classical head and shoulders breakout. 40 weeks MA is pointing up. RSI and MACD all look good. In the past it had several breakouts that gained anywhere from 10 to 40 percent.

CosmicDust

Call it head and shoulders, or cup and handle. If it manages to break out (again), momentum should be able to carry it all the way to $50 area.

CosmicDust

My reading is that a correction (and maybe a bear market, or even worse) is approaching, as the chart simple has already been in its extreme. Might not be time to sell just yet but not a good time to buy when a chart looks like this.

CosmicDust

Current chart pattern looks very similar to 06/1999. Basically a breakout may lead to 120 level and a breakdown may lead to 85 level. So we will have to look at it carefully in the first quarter, as it will affect all asset classes. So far the odd is still in favor of a breakout (until all supports break down, if ever).