Gold Is Getting Exciting! Graphing Gundlach’s Gold Prediction

By | April 25, 2018

At this year’s Ira Sohn Conference, Doubleline CEO, Jeffrey Gundlach announced that the next big move for the markets will be in gold, stating, “It’s getting almost exciting…something big is happening.” Specifically, he cited the five year inverse head and shoulders base that has been forming on the chart, noting “Gold is maintaining an upward… Read More »

Bearish “Gravestone” Candles On The S&P 500, DJIA, And NASDAQ Charts

By | April 20, 2018

This afternoon we tweeted out that: The bulls need to see strength into the close. Don’t want to finish the week with “gravestone” doji candles on the index charts. The bulls were disappointed. Gravestone dojis formed on the S&P 500 Index, NASDAQ Composite, and Dow Jones Industrial Average weekly charts. A gravestone doji is a… Read More »

L3 Technologies Triangle Breakout Targets A 10% Move Higher

By | April 19, 2018

Shares of L3 Technologies (LLL) rallied over 65% from their February 2017 low to their February 2018 high. After making the high this year, they immediately began consolidating in a series of lower highs and higher lows. This price action formed a large symmetrical triangle pattern. L3 broke above triangle resistance this week and is… Read More »

Jim Cramer Goes “Off The Charts” With Rightview Trading

By | April 17, 2018

Cramer’s charts show political worries can boost top defense stocks like Boeing from CNBC. Here is a summary of Tuesday night’s “Off the Charts” segment of Mad Money with Jim Cramer published on TheStreet.com: In a market fraught with increased volatility and puzzling responses to strong earnings reports, it’s becoming harder to know where to… Read More »

Home Depot Shares Nearing An Inflection Point

By | April 17, 2018

Home Depot (HD) shares pulled back sharply in the weeks following their January high. Then they began moving steadily lower in a declining channel-like pattern. Now they are approaching an inflection point that could be resolved by a volatile move. They have returned to their 40 week (approximate 200 day) moving average and an 18… Read More »

The Broad Market Moving Averages Are Doing Their Jobs

By | April 16, 2018

Moving averages often supply technical support and resistance. They have been doing just that on the charts of the broader market moving averages. The S&P 500 Index, the Dow Jones Industrial Average, and the NASDAQ Composite Index bounced off their lows this month, located at or just above their respective 200 day moving averages. Now… Read More »