649bruno

649bruno

This is a follow-up of a chart I published at the end of July, 2019. Basic Trading Techniques Explained (For This Example I Charted-Berkshire Hathaway on July 30th, 2019). To those of you who follow my published charts, thank you. I have not been writing for quite some time. This is because in September of 2018 I became very ill. I had a severe infection that...

649bruno

Basic Trading Techniques Explained (For This Example I Charted-Berkshire Hathaway) To those of you who follow my published charts, thank you. I have not been writing for quite some time. This is because in September of 2018 I became very ill. I had a severe infection that caused me to have Bell’s palsy. This affected my equilibrium and sight; I was bed-ridden for...

649bruno

This is a follow-up for the sell-off in-LRCX. The first chart was published on July 3rd. The July 3rd forecast, based on 8 indicators, was down. There were other reasons I thought the stock would decline. There was a bearish “shark” pattern. This is the “W” formation I highlighted on the chart above. A “W” formation could be a bearish shark, Gartley,...

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Basic Trading Techniques Explained (For This Example I Charted-LAM RESEARCH) I believe LRCX-is a failing stock. If you consider shorting-LRCX, be careful. It is at a key support level. I have prepared this tutorial for you for two reasons: to keep you from losing money in a bad position, and to allow you to set up a chart of your own. 1. Establish the direction...

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Basic Trading Techniques Explained (For This Example I Charted Applied-Materials) I believe AMAT-is a failing stock. I have prepared this tutorial for you for two reasons: to keep you from losing money in a bad position, and to allow you to set up a chart of your own. Then, when you see a "hot tip" on TV, you can determine if the financial asset is worth YOUR...

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Does the double top in the-XLF warn us of an economic slow-down? The US Industrial stocks are slowing, as well as the emerging markets and US large banks. History teaches us to pay attention to longer trends, and the-XLF clearly has not been able to put in new highs. Most of the indicators for the XLF-are slowing. I think that this is forecasting an economic...

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INTC-does show some strength, but the growth is likely to be muted. If you bought INTC-in 1999, you still have a huge loss. Use caution in the chip sector. Don.

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The semiconductors have had a great run in the past year, but I recommend we use caution. For example, AMAT-is really having a hard time advancing through its year 2000 bubble .com highs. Does this warn us of trouble for the chip stocks? I believe the answer is yes. Some of the new technologies may make stocks like NVDA-or-CY-keep going for a while, but.... I...

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As I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern, As well as the bearish AB=CD pattern (above). Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off. Then, IBM-halted at a double top, and sold off again. Take the time to look at how many DOW-30-stocks have negative formations. This will give...

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I was asked if AAPL-will become the next-Blackberry....My answer was no. Yet.... The drop in-AAPL was indeed forecast in the charts. Here is what I saw: 1. A bearish butterfly was completed. 2. At the same time - All of the indicators on the top of my chart went bearish. 3. The lower indicators, chop and chop zone, also went negative (red). Tips: 1. ...

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I was asked where I think that gold-will be in two years. My answer in printed on the chart above. I f gold-can stay above $1390 on a weekly chart, then a new up-trend is possible. I would much rather wait until this happens than buy-gold today. Until then, I see a sideways trading range, with downside risk if the Fed keeps raising interest rates. May all of...

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The GDX-is a basket of gold-miners stocks. I looked at some of these on an individual basis.... Most did not indicate any gold-rally just yet. If the GDX-improves, I would play the gold-rally via the gold-miners because they rise faster than the metal. I hope these five charts give you some perspective of different aspects of the gold--metals--gold miners...

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Silver-is an industrial metal, so it will do well in a good economy. Silver-is also similar to gold-for world tension in geo-political events. If gold-is to surge, silver-usually will also. Yet the chart for silver- does not indicate an imminent rally,

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Copper-was higher until the recent fall in the S&P-500- and this will not help a rally in the metals complex.

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Strong gold-surges are usually in tandem with other metals . As you can see, Platinum-is weak and down-trending.

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When gold-is ready to surge higher, others in the metals complex generally follow. This is the first of five metals charts. The next four charts after this one are: Platinum-; Copper-; Silver-; Gold-Miners-. None of these four indicate a pending surge in-gold, May all of your trades go well. Don.

649bruno

The rally back from the February lows is not impressive. The "M" harmonic pattern (butterfly) resulted in a 50% retracement to a falling 233 interval trend-line. Because the S&P-500 failed at the 50% retracement, it is my opinion that the February lows will not hold..... This 50% retracement failure (at 2677) strongly predicts lower prices. The next area on the...

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I was asked earlier today if I thought the S&P-500 would rise or fall. I told this person I would publish a chart for him. I also told him I thought the recent rebound upwards would not go further than 2735 to 2740. The rally back from the February lows is an almost perfect 50%. As the S&P-500 rose the lower top graph was falling. This divergence strongly...