paulyberndt

paulyberndt

The energy patch broke out of its long trading range yesterday and is now breaking out. I missed this breakout entry point and will be looking for a pullback for entry

paulyberndt

selling momentum is increasing watch for more selling

paulyberndt

I have a buy stop at the fractal entry point. There is a flag formation and this may play out I wont take a short as price is still above the Alligator Jaw Blue line. I am also watching for a shift in momentum green bar on the Awesome Oscillator. Another fractal or a shift in momentum and I will adjust my entry point.' The bears have knocked this down pretty...

paulyberndt

XLF made a 52 week high yesterday and generated a Saucer Buy Signal on the Alligator trade system.. It also took out a previous fractal buy signal. XLF is bullish on the weekly as well and this is a good entry point long term A sell stop should be below the Alligator teeth, red line or use the weekly charts teeth area. XLF continues to be a strong...

paulyberndt

Momentum continues to slow in the EUR/USD. I expect more sideways action however I will enter short on the fractal below the alley-gators jaw, blue line. Buyers are loosing interest with these failed highs but it is too early to go short

paulyberndt

Copper is setting up for a long. It is now trading close to the saddle point as Bill Williams describes and has nice bullish divergence.from its previous low. This is a technical trade and fundamentally has headwinds with China, but none the less the chart is showing buying pressure as the bears may have over done it from a weekly perspective

paulyberndt

Coffee is starting to roll over showing good risk reward. Even if stopped out this would be worth a couple of attempts for entry. MACD now showing signal cross

paulyberndt

Target recently completely redid their company security structure and the market responded buy heavy buying confirmed with heavy volume and a huge reversal bar on the weekly.. I look for continued buying as the bears over did it.. Target is extremely well run however like any major company is subject to a gaff in operations. I remember the new Coke in...

paulyberndt

The Ultimate Oscillator is showing weakness and a bearish divergence on the QQQ daily. It will take more bulls with good buying pressure to lift it up. Apple is currently consolidating which makes up a good part of this sector. There is no trade yet as the Q's have not broken trend but this sector that has shown strength is getting weaker.and something to keep...

paulyberndt

BB Squeeze on the US Dollar, watch for a breakout this spring or summer

paulyberndt

Oil Services has broken out on the weekly. Price is now above the alley-gator blue line and the Awesome Oscillator is now showing a green bar.with momentum now shifting. My entry point would be 2 ticks above this past weeks high or a retest of the Alley-gator blue line. Halliburton and Schulberge are also strong. As the summer driving season approaches the...

paulyberndt

Pick your indicator, ADX, RSI, or Ultimate Oscillator all point to the divergences we are all seeing. I am cautious with longs now as the market has to get more powerful buyers and more inflows to push us higher. This is also being brought out by the violent whipsaws inter-day.

paulyberndt

Awesome still showing slowing momenteum

paulyberndt

Pepsi had a volatile week after earnings and there was heavy selling on Friday. They missed on revenue from the streets estimate. Pepsi is impacted by volatility in the Emerging markets and currency valuations. The Awesome Oscillator now is showing a clear saucer sell with price well below the Alley-gator, blue line. I expect an increase of selling...

paulyberndt

The Japan market is now solidly in a correction area. I am waiting for a weekly fractal signal for my setup. Sell 2 ticks below that fractal.. Price is now solidy below the blue jaw line. It has been 28 months for a correction in the US markets. Markets are inter connected and often the Asian markets lead for a good canary in the coal mine

paulyberndt

On the Bill Williams Alley gator trade system price is currently inside the alligators mouth which means no trade.Price needs to break the alley-gators jaw, blue line or take out the top fractal. The awesome oscillator is showing red bars indicating momentum is slowing and selling pressure. As a longer term investor I am in cash until market shows its hand. ...

paulyberndt

WMT has now had two weeks of closing below the Alligator Jaw- Blue line. Walmart is guiding lower and has said it will be' hit with reduce Food Stamp revenue recently slashed by congress. I will be using June Put Debit Spreads My stop will be near the alligator. Retail in general is weak as there is some contraction in spending

paulyberndt

Even though we have had this sell off we have not broken through a fractal level on the daily. We are still in a area of whipsaw on the weekly. There likely will be more whipsaw and short covering after this down draft. The weekly is still bullish 2nd I would not go all in short ahead of a FED meeting this week