Tag "chart pattern analysis"

IBUY Online Retail ETF Looks Like A Buy Here

Is it time to buy IBUY again?  The Amplify Online Retail ETF (IBUY) is looking good once again. Here’s why: The IBUY etf is ranked #1 in our US Relative Strength Models. As you can see in the chart above, the ETF is strongly outperforming the S&P 500 Index. The…

Why We Are Bullish Medtronic Stock Into 2018 And Beyond

In today’s research article we will discuss why we continue to be bullish on Medtronic stock (NYSE:MDT). We’ll look through several charts and discuss the technical setups as well as the fundamental backdrop. This will clearly highlight Medtronic as a bullish stock to put on your radar for 2018. Medtronic…

Gold/Dollar Ratio Testing 800 Pound Resistance Here!

It’s been a while since gold bulls were able to celebrate something more than a swing trade. Will 2018 bring gold bulls the breakout they’ve been patiently waiting nearly 5 years for? Since the 2011 top, there has been plenty of failed rallies and sideways grinding. But the last 13…

Intel Stock (INTC): Should Investors Buy This Pullback?

For several months now, we have been bullish on Intel (INTC). But understanding the “swings” is equally important when managing positions & risk. Back in October we blogged about the INTC breakout, noting that longer-term investors may want to wait for a pullback. Most of the time (note most) a…

Silver To Gold Ratio At Important Juncture For Bulls

When the precious metals sector is ready to outperform, it often receives an early signal from silver prices. When Silver outperforms, it tends to bode well for Gold and the metals sector. This is similar to the way that leadership in Nasdaq or small cap stocks signal “risk-on” for the…

US Dollar Decline Targets Major Chart Support

Just two weeks ago, I identified a key price support level for the US Dollar Index (and the currency markets) to start 2018. That level has failed to hold… and this opens up a very important test of the 88 to 89 chart support level for the greenback. Major US…

S&P 500 Reaches Minimum Price Target Objective

Just a quick heads up that the S&P 500 Index officially reached the minimum upside objective of 2750 that I have been talking about for the last couple months. This is based on the bull flag pattern in November 2017. See S&P 500 chart below. Just a friendly reminder that this…

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…

Will 2000 Tech Bubble Highs Slow This Popular ETF (XLK)?

Nearly 20 years ago, the Nasdaq tech fervor was sowing the seeds of the “tech bubble” as tech stocks rocketed higher to crazy valuations. This lead to the 2000 stock market top, one that will go down in stock market history (along with the Nasdaq’s prolific crash). As many analysts…