DJIA Head & Shoulders
Here is the daily Dow in a Head & Shoulders pattern that is threatening to activate today by slipping below the neckline. Ah, but it's just a baby with a…
Comments Off on DJIA Head & Shoulders
May 13, 2020
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…
Comments Off on The Thing About Charts
January 13, 2020
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…
Comments Off on Man Stares at Chart, Notes SPX Below “Major” Support
December 3, 2019
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…
Comments Off on The Men Who Stare at Charts: Mental Whipsaw Edition
April 9, 2019
The Men Who Stare at Charts: The “Chart Master”
This is not a 'make fun of the man who stares at charts' post *, although man's nickname made me want it to be :-). I actually enjoy the man's…
Comments Off on The Men Who Stare at Charts: The “Chart Master”
April 9, 2019
Man Stares at Chart, Clowns Himself
Today on The Men Who Stare at Charts we note the case of a man who got taken out of his position in ITA by his own chart-staring eyes. This…
Comments Off on Man Stares at Chart, Clowns Himself
April 1, 2019
The Men Who Stare at Charts: Ups and Downs of Trading Psychology
I have had countless situations where I've taken a solid profit on a stock and then watched it explode much higher. ROKU is the most recent situation. It's tough, but…
Comments Off on The Men Who Stare at Charts: Ups and Downs of Trading Psychology
February 27, 2019
Dow “Death Cross!!”… Case Closed
Over the years I've harped on about this. The media tout "DEATH CROSS" in fearsome headlines and then voila, a hard bounce happens to punish anyone who knee-jerked in response…
Comments Off on Dow “Death Cross!!”… Case Closed
January 24, 2019
The Men Who Stare at Charts: “Nasdaq Death Cross”!
Investing.com has a market roundup for us this morning. It's actually a somewhat helpful summary of yesterday's events and 'need to know' stuff for today. Opening Bell: Futures Drop on…
Comments Off on The Men Who Stare at Charts: “Nasdaq Death Cross”!
November 29, 2018
Monthly Charts, Multi-Markets
We have not strolled down big picture lane for a while and some of what I see is pretty interesting. Some of it makes sense, some of it scares me.…
Comments Off on Monthly Charts, Multi-Markets
November 13, 2018
The Men Who Stare at Charts: “Damage Done”
This man who is staring at you right now also stared at his charts and noted that the damage has been done to the stock market. “From a technical perspective,…
Comments Off on The Men Who Stare at Charts: “Damage Done”
October 31, 2018
Big Pictures
As I prepare for another disjointed day mostly away from my screen, let's take a look at the bigger view of some items. Dow has crashed all the way down…
Comments Off on Big Pictures
March 29, 2018
Jaws of Death?
Yet another post about why hype in markets can really hurt less experienced casino patrons who believe that experts exist in this realm. Was this pattern not hyped as the…
Comments Off on Jaws of Death?
March 9, 2018
Big Picture Charts Across Several Markets
Time again for a rundown of the big picture macro, beginning with the 3 Amigos. Stocks vs. gold lurks beneath its likely limiter. Party on Garth until such time as…
Comments Off on Big Picture Charts Across Several Markets
December 20, 2017