paulyberndt

paulyberndt

There is a lot of chatter among technicians of the breakout of the flag on the daily. The weekly Ichimoku however is hinting a pullback. The Kijun line is now flat as in past pullbacks. Price is pretty extended above the cloud too. FEB is normally not a strong month.

paulyberndt

OEX is showing weakness however it is still bullish above the cloud but under pressure. If price closes below the Kijun line - blue line i will buy a put spread with a target of 800 on the top of the cloud for my target. Bias is still bullish though

paulyberndt

The USD continues to trade sideways in spite of the fact it broke above the Kumo Cloud but is now again inside the cloud.. The Chikou line has returned to trading inside the cloud. the kumo cloud 26 days ahead on the daily continues to show a neutral to bullish bias. i will consider a buy stop if the DX can trade above the cloud with my stop underneath span A-...

paulyberndt

With the horrible jobs numbers for DEC and great activity in the bond market fund managers are nibbling at defensive stocks. XLU was the strongest sector last week in the SP. XLU rose in heavy volume. I am waiting and watching though for a little more momentum and a Awesome Oscillator Saucer Cross. The first green bar cross I will set a buy stop.

paulyberndt

NFLX now closed below the Kumo Cloud on the daily. i have posted a few previous charts on this The Chikou line is inside the cloud. I continue to look for buyers to step in as NFLX is still bullish on the monthly and weekly charts. There is likely a lot of short interest in the stock if it is squeezed by the bulls a quick pop would occur A close above the cloud...

paulyberndt

I am waiting for a Fractal to setup under the Alley-gator Jaw Blue line. price is still consolidating and the safe play is wait for the fractal until it breaks out of this range This is a weak short though as it is in a longer term uptrend and may be expanding its range

paulyberndt

Buyers of NFLX have been hanging around the 50 EMA. Yesterday NFLX had a bounce off the 50 as buy programs kicked in. I highlighted Stochs to what happened when it got oversold. This is a low risk setup as I still see this stock shooting up to the top of the "Ichan" candle fiasco. NFLX is in a uptrend so the only trade I will take is to the long side Still...

paulyberndt

The 10 year 'treasury continues to breakout. This will give many fund managers pause on their equity positions and I expect more to rotate out of dividend stocks and back into the bond market for their risk models This will impact housing and utilities harder however it will improve the margins for banks. The XLF is gaining strength.

paulyberndt

BA settled their labor dispute this past Friday. BA has been in consolidation and the Alley-gator has been compressed, or as Bill Williams describes the sleeping alley-gator. I would buy with a buy stop 2 ticks above the fractal marked; 138.90 My stop loss would be below the blue line or the gators jaw. BA is in a strong sector under accumulation the past...

paulyberndt

LNKD is setting up for a long on the weekly chart True it is still bearish however I suspect there are buyers sitting underneath price here. It is above the cloud and has been heavily sold. The Chikou red line is still above price showing me that the trend has not been broken. The Flat SPAN A projected out 26 weeks ahead shows sideways action and support. ...

paulyberndt

SPY continues to trade sideways too dangerous to go short. I have marketed the current fractal for a short there is no buy fractal yet for a long setup

paulyberndt

Netflex is currently trading inside the alligators mouth this is an area too dangerous to short or go long.based on the williams trade system the first fractal is at the DEC 24 high. Fundamentally NFLX has increasing sales and is under accumulation by funds I look for this to breakout going into earnings

paulyberndt

SPX continues to show strength on a Monthly perspective. We have yet to get that 4-6 month chop resistance level like we did in past corrections to send us into a bear market It is getting concerning though the rise away from the median line on the Andrews Pitchfork continues to get more and more extended from a linear regression standpoint I do expect us to...

paulyberndt

IBM reports on JAN 21. The stock is now breaking out after being heavily sold I am waiting to add to the position however until the chickou line breaks through the cloud. This is a weak buy yet from a Ichimoku perspective however I have traded Ibm alot and have seen how it runs up or down going into earnings

paulyberndt

US dollar from a weekly perspective is showing sideways action with a bearish bias.. The Kumo cloud is showing this in the future as well. I see major resistance around the 79.22 area however we could easily test that in the next few weeks

paulyberndt

A buy was triggered this week on the Williams Alligator System This is a saucer buy and I have noted where to add capital. 1. Price is above the Alligator Bullish 2. Alligator is pointing up Bullish 3.Set stop below teeth of Alligator red line or two bars behind this weeks price Note because this is a weekly charat it may take time to trigger this setup. ...

paulyberndt

Market remains strong with Tenkin and Kijun lines now pointing up on the weekly chart. Kumo is pointing up as well' a pull back though to the Tenkin is your setup and should be bought.Continue to lean long on the weekly chart

paulyberndt

TSLA is setting up for a short. I am watching for a retest of the cloud and failure and sellers to step back in.. My first target would be a retest of the recent lows. Looking at the weekly Ichimoku price is failing at the Kijun line Price below the cloud bearish Chickou below the cloud bearish future Kumo cloud bearish to neutral