I write a daily column for https://t.co/fJn7HoZLAq on the markets. Worked at Cowen, GS, Cargill. Former Asian Expat: S'pore & Shanghai. Tennis fan. Love to cook.
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Nov 11, 2023 • 25 tweets • 6 min read
Good Saturday Morning Chart Fans!
Were those breakouts on Friday or rallies to resistance?
DJIA. Been in a trading range for a year, with two quick trips outside.
Nov 4, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!
The bears will see resistance overhead. The bulls will say, if we pullback from here, won't we form (on some charts) h/s bottoms?
Reminder: this is art, not science.
DJIA
Oct 28, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!
The fan lines are spreading from just a few charts last week, now they are everywhere.
DJIA
Oct 21, 2023 • 25 tweets • 6 min read
Good Saturday Morning Chart Fans!
What can we say except this will be an interesting week in the markets?
DJIA. Fan lines developing.
Oct 7, 2023 • 28 tweets • 6 min read
Good Saturday Morning Chart Fans!
Not even sure how to sum up the week so let's just get to the charts!
DJIA
Sep 30, 2023 • 27 tweets • 6 min read
Good Saturday Morning Chart Fans!
I suppose we could say last week was a Chop-fest (h/t @followtheh ) but there was some interesting movement behind the scenes.
DJIA
Sep 23, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!!
Curiously there weren't that many breaks in the charts last week. And why the heck is IGV still well above the August low when everyone thinks it's expensive up here?
PS. Getting a late start & feel like I might have forgotten some charts..
Dow.
Sep 16, 2023 • 29 tweets • 7 min read
Good Saturday Morning Chart Fans!
Most charts are still trapped between support & resistance but as the weeks go on we find ourselves getting to the apex of the triangles (don't @ me, I know they are not proper triangles).
The 'best' breakouts are 2/3-3/4 into the apex.
DJIA
Sep 9, 2023 • 28 tweets • 6 min read
Good Saturday Morning Chart Fans!
The only real change this week was in the Transports which made a lower low. Yet no one fusses because I think I am the only one who cares about them!
DJIA
Sep 2, 2023 • 28 tweets • 6 min read
Good Saturday Morning Chart Fans!
Happy Labor Day Weekend to the US folks!
Most charts look trapped between support and resistance. Despite the hoopla over the rally very few charts broke out. Home on the range for now.
DJIA
Aug 19, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!
So we did come down to support! Now the question is can we bounce off it?
Dow.
Aug 12, 2023 • 29 tweets • 7 min read
Good Saturday Morning Chart Fans!
Once again we're eyeing support. Most charts are simply hanging around.
DJIA
Aug 5, 2023 • 28 tweets • 6 min read
Good Saturday Morning Charts Fans!
Not much damage from last week's action. Will the support levels get tested?
DJIA
Jul 29, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!
Once getting overbought, the market has done a lot of sideways. Even the Dow and its big streak looks sideways.
DJIA
Jul 22, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!
One point I want to make about all those mega cap tech charts with steep uptrend lines I've been showing: steep lines are hard to maintain so they often get broken. It's what happens on the subsequent rally that counts (lower high?)
DJIA with its 10 straight green days.
Jul 1, 2023 • 25 tweets • 6 min read
Good Saturday Morning Chart Fans!
(Or at least to the handful of you who are working this weekend!)
Last week we looked at support so naturally this week we're looking at resistance.
DJIA. I drew in the potential h/s bottom a few weeks ago and it's still there. The bulls will like this except that they hate the DJIA.
Jun 24, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!
How is that support looking? Is it close or far away?
DJIA
Jun 10, 2023 • 24 tweets • 6 min read
Good Saturday Morning Chart Fans!
The big cap indexes did a lot of churning around this week (see last week's charts) at resistance. The smalls ran & then they too met resistance.
Yet this was the week everyone got bullish!
DJIA
Jun 8, 2023 • 5 tweets • 1 min read
Good Morning newly minted bulls!
AAII Bulls +15 to 44.5%, highest since 11/10/21 when there were 48
Bears -12 to 24.3%, lowest since 11/10/21
Jun 3, 2023 • 26 tweets • 6 min read
Good Saturday Morning Chart Fans!
The Either/Or Market is back.
Took some of the charts back to the 2021/2022 highs for a longer term look today.
DJIA
Jun 1, 2023 • 4 tweets • 2 min read
April 2010 not a great time to get long the S&P. Flash crash arrived early May