The Bitcoin Chart – There’s Order Underlying The Volatility

By | February 11, 2020

The first that comes to mind when you think of Bitcoin ($BTC) is volatility. The digital currency has certainly seen some dramatic price swings over the last several years. But take a look at the weekly chart of Bitcoin and you notice something unexpected. While even the smaller swings in price represent large dollar moves,… Read More »

A Powerful Bearish Reversal Pattern Emerges On The Dow Chart

By | February 8, 2020

A major bearish reversal pattern formed this week on the Dow Jones Industrial Average (DJIA) daily chart. It is called an evening star pattern and is considered by many technical analysts to be a reliable predictor of market tops. The evening star is a three-day candle formation that consists of a large white candle, followed… Read More »

Technical Contradictions Underlie The S&P Rally

By | November 3, 2019

It was a good week for the market and a good month. Surprising, because in early October a major uptrend line on the S&P 500 was being tested and the technical indications suggested a breakdown. A breakdown suggested a major move lower. Instead, the S&P rallied right through October and finished the month and the… Read More »

Morningstar Candle Formations – Eleven Bullish Reversal Charts

By | October 29, 2019

The morningstar formation, as most readers know, is a three-day bullish reversal pattern. It consists of a large dark down-day candle , foloed by a narrow opening and closing range doji candle, and completed by a large white or up-day candle. It represents a transition in bearishness, to a neutral stance, to bullishness. The formation… Read More »

“Doji Storm” On The Major Market Index Charts – And What It Could Mean

By | October 14, 2019

While the action that played out on the charts of the major market averages on Friday may seem at first bullish, there were some underlying technical issues. The Dow Jones Industrial Average was up over 500 points early in Friday’s session and finished out the day 319 points higher. The S&P was up about 2%… Read More »

RightView Trading Calling A Top On “Off The Charts”

By | October 8, 2019

RightView Trading was featured once again, on the “Off The Charts” segment of Mad Money tonight. Jim Cramer and his team always do a fantastic job of bringing the two dimensional pictographs to life. We greatly appreciate their work. Tonight’s piece was a follow-up to a February segment where we examined the broader market averages.… Read More »

CF Industries Holdings: A Play In The Fertilizer Patch

By | October 8, 2019

CF Industries Holdings (CF) is in the fertilizer business. It produces nitrogen and ammonia based products for distribution worldwide. Over the last three months the stock price has been consolidating in a symmetrical triangle pattern. Recent lows have reinforced the idea of trend line support positioned in the $47.50 area and today price is peeking… Read More »