hawkowl

hawkowl Updated 

Diamond pattern has extended. I left the old solid pink line, but added the new dashed pink line as the pattern extended. I also added inverted head and shoulders notations. Note the nested smaller fractal H&S of today and how it fits into the larger H&S of the past five days. Again, CSCO is closely positively correlated with the overall NASDAQ. So barring a CSCO...

hawkowl Updated 

Price bounced off lower blue line after consolidation. Broke through resistance around 42 today. Looking for roughly 43.50 by December 6. $44 will be significant resistance at the conjunction of the upper projected Bollinger Band, the upper blue channel line and the .76 Fib line. In regards to macro events; Hong Kong just elected a pro democracy cancel majority...

hawkowl Updated 

Today's action looked like a determined short selling attack. So it broke down out of the flag (blue lines) and closed at a backtest point of the lower blue line. However, MACD and Stochastic are turning up. Also today's volume was about 10.6 million, lowest of the week. Lots of buying at the 3.15 level, looking like a short term bottom. $SRNE is presenting...

hawkowl Updated 

Unprecedented volume on this move up. Building a bull flag on the 30 minute (very well behaved with Fib retracement) to launch higher this week and persisting through the end of the year. Not shown on this chart, but it is tracking the upper Bollinger Band as the price rises. If it pops beyond a 2.3 BB look for a little dip to get in. This is a speculative,...

hawkowl

$CSCO 30 minute time frame, building out a diamond reversal pattern. Pull back today on below average volume. Looking for a breakout up tomorrow. Once it clears 46, look for a gap fill up to about $47.50. This may not move as fast as market momentum leaders, but it does pay a dividend and tracks the NASDAQ index very strongly. If you think the market is going...

hawkowl Updated 

Made a double bottom off the lower support rail. Backtested the breakout of the double bottom. Now looking at hitting the top rail early December.

hawkowl

Oversold. Overall market is unstoppably bullish with the Fed's non QE POMO policy. Looking for a bounce up to about the 47.37 VBP line. I expect it up to $48 by next week.

hawkowl

Little bear flag forming at end of plummeting wedge. If this breaks down around the apex of the plummeting wedge, targeting 50.29

hawkowl

Small Head and Shoulders complete with a back test to the neckline. Very likely to drop to the 2630-2625 level today. If that happens I would further expect another retest of the 200 DMA this week.

hawkowl

Short gold and treasuries-- buy the dollar.

hawkowl

Going back to mid July 2012. On the ten occasions where the weekly Yen close was lower than the preceding week, vs. gold which closed higher than its preceding week (divergence); gold closed down the following week 60% of the time.

hawkowl

Gold is finishing up it's latest triangle consolidation pattern before continuing its decline. It appears to greatly resemble the last two most recent consolidation patterns, though the size is different.