Prepare For The Bond Implosion Now With This ETF

By | May 14, 2019

Bond yields continue to reflect a risk-off environment. It has been that way for a long time but when that docile dynamic starts to reverse, it could accelerate quickly. Traders should be prepared to profit from the machinations of the “bond vigilantes,” and higher yields. Jeffrey Gundlach, of DoubleLine Capital has been warning about corporate… Read More »

This Pattern Has Marked Highs In The Russell 2000 Since October 2018 — Another Just Formed

By | May 8, 2019

All the significant highs that were made on the Russell 2000 (RUT) chart, going back to October 2018 have been signaled by an eveningstar candle pattern. Most readers know what a candlestick pattern is and what it suggests about trader sentiment. The eveningstar is a three day reversal pattern that starts with a large up-day… Read More »

Caterpillar Shares At A Critical Inflection Point

By | May 7, 2019

Caterpillar (CAT) is a component of the Dow Jones Industrial Average (DJIA) and, as such, is a good measure of the condition of the traditional industrial sector. It’s machinery is used in mining, agriculture, infrastructure rebuilding, and many other areas of heavy construction. Another aspect of Caterpillar’s importance is as a measure of the world… Read More »

Financial Sector ETF Breakout Projects An 18% Rally

By | April 29, 2019

A nearly seven month inverse head and shoulders pattern has formed on the Financial Select Sector SPDR Fund (XLF) weekly chart. This bottoming process began in October last year and was completed by a neckline breakout this month. The left shoulder formed after the XLF made a low in October in the $25 area, and… Read More »

Square Shares Fade Even As The Broader Tech Space Rallies

By | April 18, 2019

Normally the price of Square (SQ) has been very positively correlated to the price action of the Technology Select Sector SPDR FUND (XLK). But that relationship has broken down since early last month. Even as the broader technology sector has continued to rally, Square shares have been either flat or lower. This week was a… Read More »

Workday – Laboring At Triangle Resistance

By | April 12, 2019

Workday (WDAY) rallied over 65% from its November 2018 lows to its March 2019 high. Since then it has been consolidating in a lateral triangle pattern. Support is situated in a zone between $177 and $175, and resistance is being supplied by a downtrend line drawn off the 2018 highs. Last week Workday shares tested… Read More »

The Oil Services Sector Is Ready To Rally

By | April 11, 2019

In January this year, the price of West Texas Intermediate Crude and the oil services sector stocks, as represented by the VanEck Vector Oil Services ETF (OIH), both jumped higher. In February their upside trajectories flattened out. Then in March crude prices began to rise again but the services sector lagged behind. This month the… Read More »