Monthly Archives: June 2015


Eating souvlaki with GREK!

The Global X FTSE Greece 20 ETF is consolidating around important support around the 10 level. I see 2 scenarios possible. Either the bullish reversal after resolving this pattern OR a bearish continuation. Check out the monthly candle chart along with the arrows indicating the implied measured moves added to their breakout line. A monthly […]


SPDR S&P Homebuilders is high rising!

SPDR S&P Homebuilders (XHB:NYSEArca) is on the verge of breaking some +9 year old resistance. Check out the monthly candle chart. That is one HUGE +9 year base. I have the breakout line is the 38-40 area. A monthly candle close above 40 would give me a target of 65. Here is the 5 year […]


Going high speed with the First Trust Dow Jones Internet Index.

One of my bullish alerts got triggered for First Trust Dow Jones Internet Index (FDN:ARCA). Here is a look at the 9 year monthly candle chart. After hitting a previous target, the move is now on for the next leg up. Target is 78.50. Now the 5 year weekly candle chart. Some consolidation around the breakout […]


Yen about to Taoshimasu the Kiwi.

The New Zealand Dollar/Yen forex currency pair has been tracing out a +1 year top formation. After having reached a previous target from a multi year base, the pair is on the brink of a slop down to previous important support. Check out the monthly candle chart. The arrows indicate the implied measured move added […]


Timberrrrr for Berkshire Hathaway Inc.

Berkshire Hathaway Inc. (BRK.B:NYSE) is consolidating dangerously close to a double whammy bearish breakdown. That is a 7 month top formation with a breakdown line coinciding with the ascending trend line support. Check out the monthly candle chart. The weekly candle chart shows some more detail with the target in case of a monthly close below […]


Looking at the Aussie/Swiss forex pair.

On Jan. 15th I wrote a post on the after effect of the eurchf peg lift. Check it out here. Time has passed and the charts haved morphed. Pressure is still bearish on the audchf pair. Check out the monthly candle chart. You can see on the 5 year weekly candle chart the continuation pattern having […]


Up, up and away for Gilead Sciences Inc.

Gilead Sciences Inc. (GILD:NYSE) just resolved a 1 year continuation pattern, on it’s way to the 132.50 target. Check out the 10 year monthly candle chart. The 5 year weekly candle chart shows the breakout in progress. More of the same. Zoom in on the 1 year daily candle chart. We seen the breakout, retest […]


Channeling with Halliburton Company.

Halliburton Company (HAL:NYSE) is in a HUGE +7 years ascending channel. I have laid out the 2 possible scenarios. The  5 year weekly candle chart shows the recent test of the lower boundary (support). Zoom in on the 1 year daily candle chart. Price action below the breakout line within the ascending channel pattern. A […]


T for TOP?

AT&T, Inc. is in progress of carving out a BIG +3 year top. Here is the 10 year monthly candle chart. The 5 year weekly candle chart shows a test coming up of the descending trend line. Zoom in on the 1 year daily candle chart shows the price action approaching the resistance line. My alerts […]


Swiss poking holes in the Kiwi!

The NZDCHF forex currency pair is carving out a BIG top formation. Check out the monthly candle chart. The target also coincides with a WALL. Here is the 5 year weekly candle chart.  Some noise below the breakdown line. You can see the previous failed breakdowns below the 0.68 mark. The 1 year daily candle […]