Today, the White House said it would impose 50 per cent levies on semi-finished products, such as copper pipes and wires, and so-called derivative products, such as pipe fittings and cables and Copper broke down -17%. Must have been Trump, right...
It's just a pattern folks ... when they appear, I do my best to call them out. The NVDA sell pattern discussed a few days ago has failed. For review: https://...
When you take a 45 degree trend line and bisect a square you are creating an angle, or trendline in this case, that moves one unit to the right (if starting from the bottom right) and one unit up. For charts, that equates to one calendar for one...
Since the NYSE Composite Index launched in 1966, its trajectory has traced not only the rise and fall of markets, but the structural shifts of a world in transformation. In the decades since, we have witnessed the Vietnam War, the collapse of Bretton...
Capital One (COF) has been on amazing run. That being said, it's banging into some stiff resistance w/ multiple projections and extensions causing a confluence zone in the 220-230 zone. Resistance is to be expected, if not a larger more...
A 'mirror image' foldback is when the market comes into a high or low and then 'folds back' the same way it came into this price point. In the case of the E-mini, I have drawn a vertical line showing the foldback point. Follow the blue,...
NVDA 3 drives to a top daily SELL pattern complete. In addition, we have harmonic measured moves (shown below) coming right into this same zone. Wait for the daily gap to be taken out to the downside on close before initiating any position.
The USDJPY/XLF ratio has been an excellent tool for timing moves in the financial ETF - XLF. It has hit a pretty important BUY pattern which, in the past, has caused resistance for financials. This pattern hit right as XLF was hitting the...
Copper just exploded higher in a very impressive move - near the highs. Could this be the beginning of a big run higher? Perhaps ... let's face it, it certainly is feeling that way from an 'emotional' perspective. However, as Mr. Larry P...
Everyone should be able to see the BIG cliff of support that Disney (DIS) just bounced off and, if correct, just completed a classic EWT "Flat" Correction ...it's supposed to look like an "N."
There is a lot of resistance into 130 so a firm...
MJ (log scale) certainly appears to be finishing/finished 5 waves lower. That 'should' mean the Cannabis industry will be seeing a bounce in the near future.
It's a well know axiom that banks/financials leads us up and they lead us down. Thus far, they have been very strong. The KBW has some monster targets approaching
Have been playing w/ IBM for a while. You can 'search' IBM on the page or this is a pretty good link to show some interesting vibrations/waves w/in IBM. Frankly, I had forgotten about some of the work I had done on IBM.
EFA has multiple confluent projections and extensions in the 89-93 area. This should prove to be major resistance for now. Additionally, take note of the blue highlighted 3 drives to a top pattern. The key to this pattern - note the...
We have been watching this chart of BA for a while on the Sunday night show. As I spotted what appears to be the final leg in a 'bearish EWT triangle' I remarked "I wonder how it's going to get up there?" Well, looks like that hasn't been...
X is, once again, approaching resistance. This base has been building for almost 15 years, so when it does finally go, it should give a nice long. I've outlined the 'potential' waves that should form based on measured move and targets....
On last Sunday's show we spent some time on Uber identifying the most recent high as a very important inflection point. For those that are more risk adverse, a monthly closing below 80...
Gold has completed a long term projection with 5 waves from the early 1900's. Most recently, it completed the first BUY pattern and the level held. Today, it went up and tagged a level that represents the first sell pattern since the ATH. ...
Nice comeback run for IBM. That being said, an upper target has appeared and it's one we should take seriously. IF long THEN think of taking some profit or tightening the stop as this level approaches. Don't short until we have a '...