iGoddard

iGoddard Updated 

Ollie's looks to be low on its wave train. A buy opportunity?

iGoddard

In early 2017 GLD and SLV trends began to diverge. Gold and silver usually track closely but with silver being more volatile and quirky than gold. This might make SLV a better buy if we're going to see a PM rise (given more room to rise), as some are predicting (eg, Sachs turns bullish on gold for the first time in 5 years).

iGoddard

Gold and GLD prices surge in parallel during a bear or bearish Dow phase until the Dow regains its prior pre-bear peak (defining 'Recovery' in the graph above). Once equities have recovered, investors sell off gold.

iGoddard Updated 

The Dow remains in a symmetrical triangle, albeit with a nested triangle that leans ever so slightly toward descending. This nested triangle qualifies as a triangle formation having two peaks and two valleys with diminishing, or consolidating, amplitude. Perhaps this ever-tightening consolidation is the market waiting with bated breath for tomorrow's FOMC meeting.

iGoddard Updated 

According to Edwards & Magee (1948), 75% of symmetrical-triangle breakouts continue the prior trend, which in this case is bullish! (1) And according to Kirkpatrick & Dahlquist (2010), 54% of symmetrical triangles in general breakout upwards. (2) So the odds seem favorable for bullish movement. However, it needs to start about right away, yet after this lousy week...

iGoddard Updated 

It's remarkable how parabolic Adobe is. How long can this keep going on? Is a correction in store? Or can Adobe keep flying to the moon?

iGoddard Updated 

This seems a plausible optimistic hypothesis for BA, a retracement to its longer-term support. A consensus explanation for why BA is crashing isn't clear to me, other than fears of a trade war. But some are skeptical of that explanation. A simpler explanation is, look at the strong parabolic movement starting on Jan 4, 2018, the same movement seen across the...

iGoddard Updated 

The Dow is forming a symmetrical triangle. At least for single stocks, "symmetrical triangles breakout to the upside 54% of the time." Source of quote: finvids.com

iGoddard Updated 

Shark-fin shapes seem to nicely approximate the turbulence in BZUN's trend. This then raises the question: is BZUN now atop another shark fin?

iGoddard Updated 

As WMT nears long-term trend low (1 yr) its Vortex Indicator nears intersection. Perhaps this signals a very-close rebound.

iGoddard

Good example of a descending triangle tightening up then breaking out on COHR.

iGoddard Updated 

BZUN seems to display slope-phase shifts. Perhaps its recent post-earnings pop will mark a new slope shift upwards...

iGoddard Updated 

One might infer signs of upward momentum within the dramatic turbulence of late. However, this impression relies heavily on the tiny upward movement on Friday, but which actually reflected the better part of the open hours of that trading day, which countered a sizable fall during after-hour trading. To me Friday's rally seemed pretty substantial given it bounced...

iGoddard Updated 

Here's a predictive trend-based model that suggests the current turbulence might not foretell doom. The conspicuous parabolic movement at the start of this year was out of trend, and is simply being corrected back into trend, according to this hypothetical model. Curiously, notice that it's almost like sheering forces (yellow lines) shot across the trend at about...