Man stared at BMRN bull pattern, ignored it

BioMarin stock tanks out of a bull pattern I thought it was interesting that being the chart dork I am, I stared at the daily chart bull pattern of BMRN yesterday and thought about adding it due to the pattern breakout. Then I sat on my hands, and for the same reason I don’t short anything aggressively in this market (reason being that cash is … Continue reading Man stared at BMRN bull pattern, ignored it

Man stares at charts, announces 2022 US bear market on October 12

It’s not about using charts in a vacuum And it’s certainly not about using long-term charts and analogs in a vacuum. It’s about using charts as one tool among several others. I don’t mean to sound like a dick (but it happens) and surely I’ve written stuff over the years that warrants criticism (let’s for example conjure my 2010 ‘888 ‘3 snowmen’ TA target for … Continue reading Man stares at charts, announces 2022 US bear market on October 12

A conclusive lesson about the men (and machines) who stare at charts

Nutrien stock (NTR) continues to punish the ‘death cross’ view Well, here is another example (frankly, I can’t remember a single example when a ‘death’ or ‘golden’ cross ever worked the way the media touted it would in the short to intermediate-term) of a DEATH CROSS clowning the observer and broadcaster of said death cross. We called the clownery on the day that Benzinga opened … Continue reading A conclusive lesson about the men (and machines) who stare at charts

‘A bearish sign on Nutrien’s chart’ says media garbage purveyor Benzinga!!!!

Do you see all the ‘!’ I used in the title? I must be a TA trying to convince you of something. Sensationalism is about all that some TAs have, after all. They baffle you with bullshit because they sure don’t help you with any kind of reasonable analysis based only on charts. I am talking about the TAs – prominent in the precious metals, … Continue reading ‘A bearish sign on Nutrien’s chart’ says media garbage purveyor Benzinga!!!!

A dis-inflationary whiff and its likely path

As inflation signals cool, various markets get relief Whether a bounce or something more extended, a bear market rally was bound to get off the ground sooner or later. It was a matter of time, with stock market sentiment this over-bearish. Here is how the US Stock Market segment led off last weekend in NFTRH 706: We then covered the technically bearish state of the … Continue reading A dis-inflationary whiff and its likely path

PLL thinks it’s a Semiconductor stock

Man stares at PLL chart… Lithium prospect Piedmont Lithium (PLL) sports… …a similar bullish pattern to the broad Semi sector (and several of its components). Both recently used the SMA 50 as support for the latest upturn. This is a post making no conclusion other than man stares at chart of PLL (wishing he owned it) and realizing he’s seen this elsewhere. For “best of … Continue reading PLL thinks it’s a Semiconductor stock

World in a Diamond

ACWX (world, ex-US) sports a Diamond pattern in the making. People incorrectly (IMO) label this as a reversal pattern when actually in my experience a Diamond tends to be a pause to consolidate prior to either a reversal or a continuation of the previous trend. So that is all it is, a decision point about further rally potential. Given the waning momentum indicators (it’s similar … Continue reading World in a Diamond

The Thing About Charts

Some of them tend to go the way you thought they’d go when you buy them (18% paper gain)… …and some don’t (9% booked loss). Thus ends another spine tingling installment of The Men Who Stare at Goats Charts… Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ … Continue reading The Thing About Charts

Man Stares at Chart, Notes SPX Below “Major” Support

Marketwatch, recent producer of many a bleak headline in concert with the bleak trade war noises emanating from Trump’s orifices among other negative news items, has a man who is staring at his charts today and advising that SPX has lost “major” support. Charting a bearish December start, S&P 500 ventures under major support “Tactically, the 3,100 mark matches major support. The S&P has ventured … Continue reading Man Stares at Chart, Notes SPX Below “Major” Support

The Men Who Stare at Charts: Mental Whipsaw Edition

I’ve had SWKS on watch (where it resides to this moment) since it climbed above the SMA 50 & SMA 200. Hilariously enough, while looking at my Fidelity capsule on the company, which includes useful information and not so useful information, I saw this little whipsaw. Two TA services linked by Fidelity include an Elliott Wave thing informing me of a bearish continuation pattern but … Continue reading The Men Who Stare at Charts: Mental Whipsaw Edition