chartramblings: April 2011

Saturday, 30 April 2011

this public list by Patrick Karim has some excellent sector charts ! Quite a few look to be rolling over eg consumer discretionary and mining

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3132698

this count from Binve makes sense to me !

http://marketthoughtsandanalysis.blogspot.com/

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGd3PutDwfFb_4g-1bNq6fLzIIipPxIjXSVzgFObHW-nEROjrkpm1ip3MMKAKFqYvPpS2XdhbriSTBv5oabNFOX1QMVTghJeGD09V44lVAVNXpqLcyYsaR-MJtJSB-xbBLs1CE-atoF3eI/s1600/binve-Real_Secular_Bears.PNG

euro

well the euro shot through my 1.44-45 resistance zone as confidence in the dollar continues to plummet.
Looking very overstretched vs the 77 dma and heading into a 6 month cycle.1 year cycle from low kicks in in June

TNA

Nasdaq

Very tough resistance immediately overhead

Russell

The Russell faces severe overhead resistance

SPY/S&P

Ron Walker's chart shows that,short-term we may have started to break from a rising wedge

ANTO

much better than KAZ.......some support here and 200dma (not shown is supportive).Neutral on this till it is clearer..copper price not supportive at moment

matching ranges ?

Friday, 29 April 2011

Dollar

Chart of the dollar index from Columbia

Silver

and chart from Gann360

Dax

Kazakhmys

One of the more bearish of the mining charts....DT in a LH position

Dow

Dow running up into 33% resistance from the low

ssec

Lower highs and a bearish weekly candle forming

Thursday, 28 April 2011

FTSE

Hmy

here is a shorter term chart of Harmony...quite extended so a consolidation would seem likely,maybe 3 months

probably not a correct wave count but we are near the top of the channel

coffee

could be a bull flag but still think a correction likely.Macd looks weak

Breakout ?

This chart from Mike Breaux seems to me a good way to play the market.I really have trouble with all the bullish wave counts and I am not going to go into fundamentals (trash the dollar/inflate asset prices) but fighting the tape is not a good idea ad a system like this will keep you on board.

From a Gann pov we still have some cycles and symmetry that make me nervous but breaking above 3 tops is a clear buy signal and we have LH above 1333.5 (twice the low) on the intraday charts if not yet on the daily

http://spwavetrade.blogspot.com/