Chartology

Bitcoin Price Compression: Breakout or Breakdown Coming?

Bitcoin has taken the financial markets by storm over the last year. But bitcoin prices are nearing an important juncture on the charts. So prepare yourself for another big move. As you can see in the weekly chart below, bitcoin has remained in a broad channel for the last 4…

Macro To Micro Trading Update: Market Themes & Insights

Note that this post went out to my “Gone Fishing” newsletter subscribers this weekend.  You can subscribe here.   Reflections and Inflections The Bloomberg Commodity Index started the year by setting a fresh record for consecutive gains, pushing it up more than 4% over the past month. This helped bring the US 10-year…

2 Energy Stocks Ripe For Mean Reversion

A candidate for my favorite chart entering 2018 is the Energy Sector’s (XLE) performance relative to the S&P 500. I believe we are working on a false breakdown below 2001 and 2003 resistance. This could be a big deal in 2018 and beyond. Just imagine if the sector that has…

S&P 500 Futures Trading Update: Time For A Breather

The broader stock market futures indices have stalled out at new highs made Sunday night. Stocks should find support at lower levels. S&P 500 Trading Considerations For January 8, 2018  As mentioned, I suspect value buyers will come in to participate at less elevated prices once more, so I am looking…

10 Small Cap Stocks Catching My Eye Into 2018

The Russell 2000 (IWM) has lagged to start the new year but it’s pressing up against the 155 price level in a tape that feels “risk-on.” This could lead to a big breakout and another chance to provide leadership to this bull market. In browsing charts this weekend I found…

Japanese Yen Currency (FXY) Forecast: Breakdown Alert

As traders start coming back to their screens after the holidays, we are posting some longer-term forecasts for several of the markets we follow. Near the top of our “alert list” is the Japanese Yen / US Dollar currency trade as charted with the CurrencyShares Japanese Yen Trust (FXY). Is…

Chart Spotlight: Volatility Sinks To Start 2018

Investors read a lot about the persistence of low volatility in the markets throughout 2017. And just 3 trading days into 2018 and volatility is losing once more, slipping from 11.04 to 9.22. Market volatility remains suppressed with the VIX Index trading near the 9 handle. It’s good to note, however,…

U.S. Dollar Crossroads: Bulls Need This Support To Hold!

Back in September of last year, I highlighted a chart pattern for the US Dollar Index that would likely slow its downside momentum. In that post, we showed a measured move, two ratios and, most importantly, the time cycle coming into play to look for a low in/around the 91 level…

2 Stocks With Bullish Trading Setups $BIDU $IDTI

Each week I review several stock charts and trading setups and share the ones I like. Today, I’m sharing two stocks that I like. Both are “pullback setups”:  Baidu (BIDU) and Integrated Device Technology (IDTI)). I’ll give you some bullet points on why I like them and what I’m seeing……

Can Gold Bulls Capitalize On U.S. Dollar Weakness?

The U.S. Dollar plays a big role in commodities prices. It’s always a “must-watch” for commodity traders. Typically, a falling Dollar bodes well for commodities (priced in dollars). And we’ve seen this dynamic play out with Gold and precious metals of late. One indicator that gold bulls and bears like…