Friday, June 15, 2018

charts: DIA SPY QQQ IWM

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Note that each chart is Overbought indicted by the red circle.
Also the Relative Strength of IWM and QQQ is stronger than the Relative Strength of DIA and SPY.  This can be seen in the Relative Strength bar being either red or green.


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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.



Wednesday, May 16, 2018

charts: Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/-  --->Today the dates are being replaced with a chart   



Courtesy of ChaikinAnalytics.com
Courtesy of ChaikinAnalytics.com
Note that in both the DIA & SPY charts above price is below the moving average and below the upper trading band.  Also the Overbought/Oversold indicator is Overbought and the Relative Strength is weak.  This comes at a time when the Picasso ST Cycles "suggests" a high this weekend.  Please read the notes on the cycles chart to better understand how to read it.  
In addition, note that the Cycles chart called the last low and rally since that low.

Comments:

Long term indicators appear positive, so far and the ADL just made another new ATH.   The LT cycles suggested a low in August +/-, which we had, & a high in late November/early December and this suggested highon the LT Cycles chart kept moving forward until it stopped dead on Jan. 17,2018.  Shortly thereafter, the stock market slide 10%+/-.
-Looking out into 2018 the Picasso LT cycles still suggest a mid year low.
-This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019).  It is widely known that the mid-term years are the best years for the stock market.  
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in. 


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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.

Monday, April 2, 2018

charts: What is SMART Money Doing?




Click on the following link (or copy and paste it in the URL line) for the full article and charts
https://bit.ly/2GtC4Dp

The 'SMART' Money Is Dumping Stocks As BTFD Officially Ends

Professional money managers were leery about buying stocks during the recent rebound, judging from Bloomberg's Smart Money Flow Index, which tracks Dow Jones Industrial Average moves in the first and final 30 minutes of trading.

The thinking is that smart money will test the market and wait until the end of the day before committing to any large moves.
The last time SMART money and the market diverged this much did not end well for stocks...



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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.

chart: Nasdaq

By Danny
LunaticTrader

Markets are going through another significant downswing. Volatility has been high compared to what traders got used to in 2017. This was of course inevitable, and it is something I was watching as an indication that we are getting into the late stages of a multi-year bear market. See: Updated long term scenarios and charts.
So, what's next? Here is the current Nasdaq chart:
Courtesy of LunaticTrader
 The long term blue trend line in Nasdaq is clearly broken. But the Nasdaq is still in a higher highs and higher lows sequence, so it's too early to declare the end of the bull market in this index.
The Earl (blue line) is turning up from a major low. The slower Earl2 (orange line) is still dropping fast, but well into bottom territory. The MoM indicator has fallen into the blue pessimistic zone (<-5), where major buying opportunities are usually found. Once the MoM turns back up we will have a nice setup to do some cautious buying here.
If major indexes drop below their February lows, then more bearish scenarios would gain traction. That wouldn't rule out new record highs later on, but it would probably push them further back in time. 
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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.

Friday, March 23, 2018

STIX stock market indicator

By   www.marketvolume.com

STIX indicator is the short-term index measuring the portion of the advancing stocks in the total number of the stocks listed in a market index. The STIX indicator is used in technical analysis to reveal overbought and oversold level on the market (when applied to Exchanges) and market sectors (when applied to market indexes).

Description
The STIX (Short Term Index) was first time mentioned by Picton Davies in his "The Polymetric Report Stix Record Book" in 1985. It is based on comparison of the number of advancing and declining stocks.

Traditionally, STIX based on the Exponential Moving Average with 21-bar period setting applied to the advance decline issues ratio and it oscillates in the range from 0 to 100. On our index charts you may have custom EMA applied to the Advance/decline ratio.

Technical Analysis, Signals and Trading Systems
In technical analysis the STIX index is used to determine the overbought and oversold condition on Exchanges and on market sectors covered by indexes. According to the "Polymetric Report" when EMA with 21-bar period setting is used
  • Most of the time the STIX indicator moves in the rage between 42 and 58;
  • When the STIX indicator drops below 42 level it could be an indication of oversold market and it could be used as a signal to buy (except it is ranging Bear Market);
  • The market is considered overbought when the STIX indicator raises above 56 (unless it is a new Bull Market);
  • The market is considered strongly overbought and a "Sell" signal could be generated when the STIX indicator moves above 58 level (again, unless it is a new Bull Market).
In general the STIX readings could be put into the following overbought/oversold table (bear in mind that this is for the STIX with 21 bar period setting):

Overbought / Oversold ConditionSTIX(21) Values
Extremely Overboughtgreater than 58
Fairly Overboughtgreater than 56
Fairly Oversoldless than 45
Extremely Oversoldless than 42

Comments by JustSignals 
At the close today, Friday March 23,2018, the STIX is "45"



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Saturday, March 17, 2018

Update: Similarities 1929, 1987, 2018

Two posts have been made showing the similarities between 1929, 1987 & 2018.
They were posted on Feb. 21,2018 and March 5,2018.
Some similarities still appear in the DJIA daily charts as shown below.
A blue box highlights the TD (trading days) from the ATH to the lower high before the waterfall slide in 1929 & 1987.  A blue box also is included in the 2018 chart that displays a similar price pattern, so far.
After the blue box in 1929 & 1987 the previous lows were broken and this led to a very bearish pattern.  If the recent lows in 2018 get violated, watch out for a "possible" bearish price pattern.
This pattern has been playing out since Feb.21,2018 and should continue to be watched very carefully.
This is not a guarantee that it will occur again.
But it should be watched just in case.

 


Some similarities:
1- Since the ATH price trades below the moving average
2- The moving average has a negative slope
3- The histogram is negative
4- The TD in 1929 (28 TD) & 1987 (27 TD) are similar from the ATH to the lower high before the slide
5- The TD in 2018 is also very similar (30 TD)

* BUT, price in 2018 is still trading above the recent lows. 
Price MUST hold above the recent lows in order to invalidate a bearish scenario.

Watch this chart carefully.

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Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.


Wednesday, March 7, 2018

CandleSticks in recent charts


In addition to the SPY daily chart above, below is a month NYSE chart and a monthly DJTA chart.  Both suggest problems in the market.

Courtesy of Chris Kimble,  @KimbleCharting
Courtesy of Chris Kimble,  @KimbleCharting
Three very good charts to let you come to your own conclusions.

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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.




Tuesday, March 6, 2018

Goldman Warns...

Goldman Warns "A Corrective Process Has Begun" - Targets S&P 2,449

ZEROHEDGE

Link to full article and charts
http://bit.ly/2titdyh

The S&P 500 is rebounding miraculously off its 100-day moving-average in the face of global panic about President Trump's tariff proposals...

But Goldman Sachs' technical analysis team are worried and target a drop to 2,449 for the major US stock index.
The S&P started a corrective process at the late January highs


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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.

Monday, March 5, 2018

Update: Similarities 1929, 1987, 2018

On February 21,2018 there is a post - charts: Similarities, 1929, 1987, 2018
Since the post on Feb 21st the 3 periods are still very similar.
Today the stock market rallied about 1.37% in the DJIA
So it required a look back at 1929 & 1987 to see if those periods experienced any big rally days from the ATH made and before the waterfall slide into the crash day.

Before reading the data below, it would be insightful to first take a look at the charts in the February 21st post.
If you need it, here is the link
https://justsignals.blogspot.com/2018/02/charts-similarities-1929-1987-2018.html

So, now look at the findings below.

1987
Between the high on 8/25/1987 and the lower high on 10/2/1987, before the water fall slide into the crash day, there were several big rally days just like the one we had today and some bigger.

8/31/87   +0.89%
9/10/87   +1.05%
9/11/87   +1.27%
9/22/87   +3.02% *To try and convince the Bulls that this is not a Bear market
9/28/87   +1.22%
10/1/87   +1.65% - The day before the lower high made on 10/2/87 and before the water fall slide into the crash day

After 10/2/87

10/13/87   +1.49%

Then:

10/14/87    -3.81%
10/15/87    -2.39%
10/16/87    -4.60%
10/19/87  -22.61%   Black Monday

1929
Between the high on 9/3/1929 and the lower high on 10/11/1929, before the water fall slide into the crash day, there were several big rally days just like the one we had today and some bigger.

9/6/29      +1.76%
9/11/29    +0.98%
9/16/29    +1.50%
9/26/29    +0.94%
10/7/29    +6.30% *To try and convince the Bulls that this is not a Bear market
10/10/29  +1.79% - The day before the lower high made on 10/2/87 and before the water fall slide

After 10/11/29

10/17/29   +1.73%
10/22/29   +1.75%

Then:

10/23/29   -6.31%
10/24/29   -2.09% Black Thursday with big intra-day low
10/25/29   +0.57%
10/28/29  -13.48%
10/29/29  -11.70% Black Tuesday

Comments
8/25/87 to 10/2/87 is 27 TD (trading days)
9/3/29 to 10/11/29 is 28 TD

"IF" 2018 is similar to 1929 & 1987, and it may be and it may not be, then 28 TD from the ATH on 1/26/2018 is 3/8/2018.   This date would represent "the lower high before the water fall slide into the crash day".   So 3/8/2018 would compare to 10/2/1987 & 10/11/1929, "IF" and only "IF" the 2018  pattern continues to be similar to 1929 & 1987.

1-It may continue to be similar
2-It may only be a shallow correction and not a crash
3-It may stop it's similarity and do something else

Keep an eye on it!

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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.



Sunday, February 25, 2018

charts: DIA & SPY

Courtesy Of ChaikinAnalytics.com
Courtesy Of ChaikinAnalytics.com
After a big rally off of the recent bottom, the CMF on both the DIA & SPY charts above, declined.  One would have expected the CMF to rise during a rally like the one we just had.  Maybe it will in the week/s ahead.  Or we may test the recent low.
Watch this carefully for any changes.

Review the post on Feb 21,2018 - Similarities in 1929 & 1987 & 2018
Link:
https://justsignals.blogspot.com/2018/02/charts-similarities-1929-1987-2018.html

Just saying, to keep an eye on it... Just in case...

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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.



Friday, February 23, 2018

charts: Is GLD ready to move?

In the charts below there is the monthly SPY / GLD ratio and a monthly GLD chart.
Sometimes the SPY / GLD ratio chart gives a heads up to a move in GLD.

Certain indicators are not needed for this chart so they were blacked out.
Monthly SPY / GLD Ratio

Monthly GLD
As you can see from the SPY / GLD Ratio chart, it does give a heads up when to be Risk On GLD and Risk Off GLD. 
According to the top chart:
Risk Off SPY = Risk On GLD
Risk On SPY = Risk Off GLD

This is confirmed by the second chart of GLD.

Many are currently suggesting a potential multi year Gold breakout.
The SPY / GLD Ratio chart can  help spot this if and when it happens.

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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.
















Wednesday, February 21, 2018

charts: Similarities, 1929, 1987, 2018

Below are charts showing 3 different time periods.  1929, 1987 & 2018.
The first group shows all periods in the approximate place in time where we are today.
The second group shows what happened afterwards in 1929 & 1987.
The third group shows the same charts but instead of on a Daily chart, a 2 day chart was used.  Meaning that each price bar is a 2 day price bar.

Group One - up against resistance at the moving average (blue circle) after hitting ATH
Courtesy of Worden Bros.
Courtesy of Worden Bros.
Courtesy of Worden Bros.
Group Two - failed to get above and stay above the moving average
Courtesy of Worden Bros.
Courtesy of Worden Bros.

Group Three - (2 day price chart) MUST hold above the moving average (yellow highlight) so it does not follow the pattern of 1929 & 1987
Courtesy of Worden Bros.

Courtesy of Worden Bros.
Courtesy of Worden Bros.

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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.


Tuesday, February 20, 2018

chart: SPY vs 5 day Adv Vol


The charts above are from 4/11/17 to 2/20/18.
When the 5 day Adv Vol spiked above 3100 (red line) the SPY started to go into a sideways chop.  A few days later when the 5 day Adv Vol bottomed the SPY started to rally.  It is possible, based on past patterns, that in a few days when the 5 Day Adv Vol bottoms, the SPY will rally 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.

Sunday, February 18, 2018

charts: Is the bottom in?

Two charts are worth showing and you come to your own conclusion.


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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.

Thursday, February 8, 2018

Follow the Signs

If you have been following the posts in this blog for a while you will remember the Long Term Cycle dates of a low in August 2017 and a high in November/December 2017.   As you will see in the following chart, the August low came on time, but, the November/December high was early.
If you go back and review a long term wall chart you will see that most of the time bottoms are more noticeable and quicker to occur  than tops.  Tops seem to take time to rollover.  Big portfolio managers need time to unload large blocks of stock near tops a little at a time.  While at bottoms they come in sometimes with a vengeance and they want to be on the train before it leaves the station.
So, in order to work with the Long Term Cycle dates it is best to follow your charts and indicators.  This has been said here many many times.   When the cycle dates appear, that is a good time to watch the charts for changes in trend.  The following chart is a good example of this.
  

The blue arrow indicates where the shallow August low ended just around the cycle low date and the red arrow indicates where the rally ended after the cycle high date.   ADX is also a very good indicator to use.  If you want to find out more about the ADX indicator, goto StockCharts.com where they have a free school of definitions, explanations and formulas.

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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.




Wednesday, February 7, 2018

Cam's Trifecta Buy Signal



 
Risk on, or risk off? Our Trifecta Bottom Spotting Model flashed a buy signal, but can turn from complacent to washout in just 2 days? 


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Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.


Thursday, February 1, 2018

Tax Cuts & the Stock Market

Two previous time periods had very similar price patterns in the stock market along with tax cuts.  The following charts show those two periods and the similar price patterns in the stock market.


So far 2017 was a solid up year just like 1963 and 1985.  With interest rates on the rise and the 10 Year Bond Yields pushing higher, we may get that long awaited 5-10% correction that we have not had for almost two years.
In addition the LT Picasso Cycles (Posted by JustSignals) have been suggesting a mid year low for 2018.
"So far" this all seems to fit.
Let's watch our indicators carefully for any changes in stock market trends.
If this scenario continues, then we may have a high in 2019, similar to the highs in Jan1966 and Aug1987, before the next big correction or bear market.


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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.

Wednesday, January 24, 2018

S&P500 another 130% Says...

The last time the market was this overbought stocks rallied nearly another 130%, says technician

Monday, January 22, 2018

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Aug 4-12 L  - low was SPY 8/11
Aug 8/18-23 H - highs were made on 8/16 & 8/22
Aug 30-Sept 7 L - a low was made on 8/29
Sept 13-22 H  - a high was made on 9/14
Sept 29-Oct 5 L - a low was made on 9/25 (left translation of this cycle date)
Oct 11-17 H - up into 10/18 and high made on 10/23
Oct 10/24-31L  - Low on 10/25
Nov 11/6-9H  - High on 11/7
Nov 24-27L - Low was early on 11/15 and out of sync with the cycles 
Dec 3-9H - High was later on 12/12
Dec 25L - Low on 12/26 then later again on 12/29
Jan 2-7H <--- adjusted the date
Jan 22L - High on 1/9 & low on 1/10...then higher on continued momentum and strength 
Feb 3-11H
  

Comments:

Long term indicators appear positive, so far and the ADL is still making new ATHs.   The LT cycles suggested a low in August +/-, which we had, & a high in late November/early December +/-.   Well, we are now past this time frame and this is where we need to be careful and keep an eye on our indicators for any changes in the trend in 2018.
-Looking out into 2018 the Picasso LT cycles suggest a mid year low.
-This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019).  It is widely known that the mid-term years are the best years for the stock market.  
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in. 


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.

Thursday, January 11, 2018

Jeffrey A. Hirsch webinar

Free Webinar: Why the Dow Could Reach 29000 in 2018

Please register for my free Why the Dow Could Reach 29000 in 2018 on Wednesday January 17, 2018 @ 1:00 PM EST at: 
 
 
Jeffrey A. Hirsch, Chief Market Strategist at Probabilities Fund Management, LLC and editor of the Stock Trader’s Almanac and Almanac Investor e-newsletter will reveal his forecast for 2018. He will discuss potential impacts of this year’s upcoming midterm election and his January Indicator Trifecta; and how his 2010 forecast for DJIA 38,820 by 2025 is right on track. 
 
So far two legs of the Trifecta are positive for 2018. The Santa Claus Rally and the First Five Days posted gains. If his full-month January Barometer is up it would lend further support to the bullish case. 
 
In addition, Jeff will teach you many other seasonal indicators, patterns and strategies, including the 4-year election cycle, the ins and outs of his Best Six Months Switching Strategy and his Tactical Seasonal Sector Rotation Strategy. Jeff will explain in clear language all there is to know about market seasonality and how he rotates in and out of sectors with the highest probability for maximum returns using fundamental and technical analysis in conjunction with seasonal and cyclical trading strategies, economic trends, and historical patterns as well as current seasonal and cyclical investing opportunities in highly correlated ETFs and his current top-ranked small-, mid- and large-cap stocks.
 
If you are unable to attend, but would like to view the video archive, please still register. Approximately 24 hours after the webinar we will email all that registered a link to the video.
 

Yours truly,
Jeffrey A. Hirsch
CEO: Hirsch Holdings | Editor: Stock Trader’s Almanac & Almanac Investor

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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.