The 6-pack below reflects DIFFERENT MARKETS from around the world….yet they very much have LOOK ALIKE PATTERNS! CLICK ON CHART TO ENLARGE This 6-pack is a great reflection of how correlated the worlds markets have become. Some of the markets are on opposite sides of the planet, yet their patterns/resistance lines look very much the same. [...]
Global markets on a high wire? CLICK ON CHART TO ENLARGE Global markets remain in a very tricky situation, per the vast majority of them are setting on support lines at the same time. Last weekend I ran a post titled “Look Alikes, Domino’s and Slippery Slides”. (see post here) This is a very tricky [...]
CLICK ON CHART TO ENLARGE Not only does the 500 Index remain above key support, some key International markets do as well… CLICK ON CHART TO ENLARGE For investors that are not looking to repostion assets very often, due to 401k or trading restrictions, key support remains in place in the U.S. and abroad. If [...]
In the charts below, Emerging markets and the EAFE index are solidly above resistance. Now by small margins the CAC-40, DAX and the FTSE-100 are pushing above key resistance. In the post titled “Global All the same Trend” (See post here) I highlighted how the majority of the world markets were all facing resistance, at [...]
Does it pay to be prepared? It does when it comes to Pattern Breakouts! Below are Breakouts I have taken advantage of recently, two positions have been closed for “Pocket Change Gains” Chile – 10% gain (see post here) and Silver – 21% gain (see post here), the other two positions remain open, EEM & EWZ. Several [...]
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