paulyberndt

paulyberndt

Ford on a weekly chart has sold off and hit a resistance area with the Chickou hitting resistance from 26 weeks ago. This is confirmed on the monthly chart if you look at as it is sitting on top of Kijun Line. Price is above the cloud on a weekly and monthly basis. Buyers often lurk around the top of the cloud and I am watching to see if buyers step in.. No...

paulyberndt

Target is clearly bearish and I look for support around 59 bucks which is the Kijun on the Monthly Ichimoku. They guided lower for 2014 and with the credit card mess this target is likely to be hit. Any rally on the daily should be sold. XRT is under performing as well. This is a good example of a great company making a huge mistake. Like Coke in the 1980's...

paulyberndt

XLI is showing great strength as is 3M after its fall from a analyst report. This sector shows great accumulation over the last 3 months and even until this week. A buy area for me would be a retest of the previous high on a pullback 1. one of the strongest sectors over the last 3 months and under accumulation last week 2.above the cloud all three time frames:...

paulyberndt

US dollar is setting up for a long. My entry would be 2 ticks above the fractal market with my target the top of the cloud shelf. if it fails my stop would be below the shelf line for a lower risk entry on the daily

paulyberndt

On a weekly chart Apple is setting up nicely for a long. Price has now retested the shelf of the cloud. If this holds and buyers step in it should have a nice run up.. 26 weeks ahead the kumo cloud has twisted confirming bullish momentum.. the thickness of the Kumo shows solid support The tenken line is also showing support. The first weekly fractal is likely...

paulyberndt

On a weekly chart CAT is setting up nicely for a breakout move. It is in a tight consolidation range which Bill Williams refers to as the saddle point. I have highlighted the first bullish fractal. Will be setting my buy stop 2 ticks above that high. One could also put in a short entry on the fractal below the alligator. Either way this is a high probability...

paulyberndt

No shorting permitted. Currently in a trading range

paulyberndt

SPY Neutral until FED meeting

paulyberndt

Adding more capital to trade if it breaks above Fridays High. Momentum again shifting. This may take a few days to hit this buy stop but if it decides to go down you wont loose capital

paulyberndt

Fractal buy stop hit today and in addition getting getting an Awesome Oscillator Saucer buy. This would be to add more capital if it takes out todays high in the days to come. Stop on the trade is the red line or Alligators teeth.

paulyberndt

AUD is in the sweet spot for a long setup.

paulyberndt

AUD is in the sweet spot for a long setup.

paulyberndt

For long term players of Apple price is now inside the alligators mouth which is an area of whipsaw. Once it clears the Blue Jaw line I will wait for the first fractal above the Jaw and buy 1 tick above that fractal. Price has to work twice as hard to clear the jaw line but once it crosses momentum should increase.

paulyberndt

I show a Awesome Oscillator Saucer buy signal on the weekly QQQ. Whether or not it will take out the weeks high is yet to be determined after MSFT's plunge however the monthly chart is still bullish. Often the trades you think will never work end up working. By buying above this high you avoid getting into a bad trade if it continues down.

paulyberndt

XLV has broken its Fractal Buy signal and is now hitting a saucer buy signal. This is a longer term play for me

paulyberndt

IBM on the longer term is bullish however it is loosing momentum and setting up for a short. It needs to take out this fractal for the setup. According to Bill Williams when price is below the Jaw balance line it is easier for it to fall. This weeks candle looks ominous for the bulls. Will sell call spreads above for safety rather than buying puts or debit...

paulyberndt

Chiku showing resistance 26 periods ago. Need to break 130 area.

paulyberndt

Looking for a retest of this major previous resistance area before it climbs higher. Currently not short as Day time frame has no setup.