IBM daily chart

Courtesy of ChaikinAnalytics.com

In the daily chart of IBM above, note that in the last three earnings releases that IBM went up, then sold off in the days after.
Will this happen again?

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This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.

Picasso Cycle Update

The following was posted on December 14,2018

What is Picasso suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now a low around the end of Dec +/-.

In addition, if you follow @JustSignals on Twitter, you would have seen a post about going long on the next up day.

The Picasso Cycle low was suggested to be around the end of December and the indicator that suggested to buy on the next up day was able to catch a buying opportunity on Wednesday December 26,2018.

So far the gain for the S&P 500 is 12.1%

Watch for the next Picasso Cycle date and any further comments on the Picasso Cycle.


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This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.

Solar & Lunar Eclipse

On January 4,2019 there was a post on the Eclipses used by Paul Macrae Montgomery (RIP).
The following was written.

The Solar Eclipse will occur on Sunday January 6th.
The Lunar Eclipse will occur on Monday January 21st.

The Solar Eclipse seems to be a bullish event.
With the DJIA advancing 746.94 points today, it wasn't a total surprise including the recent rally off the December 2018 low.

The Lunar Eclipse seems to be a bearish event.
But that will remain to be seen.

Based on the rally this month, it is obvious that the original theory during the period between the Solar and Lunar Eclipse inverted and Monday January 21,2019 may turn out to be a high.  Note that the market is closed on Monday 1/21/19 for Martin Luther King Day.


CORRECTION:
The Solar Eclipse generates a bullish event between the Solar & Lunar Eclipses.
Then the Lunar Eclipse generates a bearish event after its Eclipse. 
We will see what happens this time after the Lunar Eclipse.
Since we are in a bullish phase of the Picasso Cycle, if a correction does materialize after the Lunar Eclipse, it may not be similar to the last one.  During the last one the Picasso Cycle was in a bearish phase.  So, IMHO, that maybe why it was more severely bearish at that time.  Let's wait and see and take our cue from the market.   


Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.  
This has been posted for Educational Purposes Only.    
Do your own work and consult with Professionals before making any investment decisions.   
Past performance is not indicative of future results.

BAM - Break Away Momentum

The following was posted on Twitter
By Mark Ungewitter
@mark_ungewitter

So who is Walter Deemer?
Walter Deemer began his Wall Street career in July, 1963 as a Merrill Lynch research trainee. In April, 1964, he moved to their Market Analysis Department, where he worked directly under Bob Farrell, and he has been a full-time market analyst ever since. 

The full article can be found at the following link:
 http://www.walterdeemer.com/bio.htm

BreakAway Momentum 101
The following link gives an explanation of this indicator
https://www.walterdeemer.com/bam.htm

***Jan. 9,2019 is the 23rd BAM since 1945


Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. 
This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.

Volume Oscillator Signal

Below is a chart of the Volume Oscillator from Dec 2012 to the present.  Yesterday this indicator hit 112.  Note that when this happened since Dec 2012 the market continued to rise.  This is indicated by vertical yellow lines.  It was different in each case though,

Interesting facts:
1) Mid term years are the best and the market made a 2018 low in December in the 2nd year of the Presidential Cycle.  The best market gains have been made from the low in the 2nd year of the Presidential Cycle to the high in the 3rd year of the Presidential Cycle.

2) A Zweig Breadth Thrust (ZBT) signal occurred this week.  For more information on the ZBT  please feel free to use the following links:
https://bit.ly/2M13DDz
https://bit.ly/2TywOjR

3) Picasso Composite Cycle Dates - Posted on this Blog.
In 2018 this cycle suggested:
1) January high
2) Midyear low
3) September/October high.
So far it has been good and when used with the 180min chart or the daily charts, depending on your preference and risk tolerance,  the entry and exit points have been good.
Now this Cycle is suggesting a March 2019 high +/-
Note a "+/-" is always indicated because as we get closer to the suggested Cycle date the amplitude of the cycle and the suggested date of the cycle may change.  In the past there were times when it did change. 

We know that markets do not move either straight up or straight down.  If there is a pause to refresh the probability is that we "might" just continue higher for a little while.  How long is a little while?  Well we don't know just yet.  Investors and traders vote with their wallets and that is reflected in the  price charts.  So the price chart will be the handwriting on the walls to read.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. 
This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.

SPY daily chart

In the SPY daily chart below you can see that the CMF stayed in the red on the last rally up from the December low.  Relative Strength declined when you would want to see it stable or rise during a move such as the one we recently had.  The rising wedge price pattern is also troubling along with the SPY being in an OverBought area on this chart.   Let's see what happens Friday morning Dec.11,2019 with any potentially surprising news.

Courtesy of ChaikinAnalytics.com

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. 
This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.

SPY & SH daily charts

The SPY daily chart below suggests that a rising wedge pattern maybe developing.
Price appears to be up against the lows in the early part of the year. (yellow line)
Also price is getting closer to the white trend line from 3 low points.

This SPY daily chart below from ChaikinAnalytics is short term OB.

This SH daily chart below from ChaikinAnalytics is short term OS.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. 
This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.

Paul Macrae Montgomery

Paul Macrae Montgomery (RIP) was innovative and was able to think out of the box when it came to human behavior and financial behavior in the markets.

There are many links online where you can read more about Paul.
Each one is very interesting and informative.

Here is a link to one article written in Barron's
https://bit.ly/2R9iDVQ

One item of interest that Paul followed was the Lunar and Solar Eclipse.
This is timely to mention now because they are coming up now in January 2019.

The Solar Eclipse will occur on Sunday January 6th.
The Lunar Eclipse will occur on Monday January 21st.

The Solar Eclipse seems to be a bullish event.
With the DJIA advancing 746.94 points today, it wasn't a total surprise including the recent rally off the December 2018 low.

The Lunar Eclipse seems to be a bearish event.
But that will remain to be seen.

In the prior post it was noted that the Picasso Cycle bottomed in late December and the next change in trend is suggested to be in March 2019 +/-.  As in the past these dates can sometimes change as we get closer to them.

So far, the market bottomed in the intra-day low on Dec 26,2018.  So we will see if that low will be challenged in this upcoming event of the Lunar Eclipse.

***NOTE: On occasion these two dates might invert.  Be aware of this.  


 ***Keep in mind that nothing works 100% of the time!

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. 
This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.