I use scores of chart patterns, Fibonacci grids, technical indicators and proprietary models in my daily attempts to forecast various markets. Some are fairly complex, multivariate models that involve a half-dozen inputs. Others are quite simple. One of my favorite simple indicators is the well-known 10-day/20-day moving average cross. It maintains that when the SMA10 … continue reading →
Tag Archives: moving average
SPX and ES had no trouble reaching our initial downside targets — a backtest of their January highs. We wondered, however, whether the SMA20s, loitering just below, might come into play. Sure enough, ES tagged its SMA20 with ease. But, emini traders strongly resisted a drop through the SMA20 – bad mojo, don’t you know. … continue reading →
USDJPY reached our target at the SMA100/SMA200 overnight, at least temporarily bringing the pair back below the top of the falling white channel from which it broke out on July 10. Readers will recall that breakout was instrumental in helping SPX break above its faux IH&S neckline 66 points ago. A USDJPY rebound here is … continue reading →
$20 billion here, $20 billion there. Pretty soon you’re talking real money. Maybe Zuck should have accelerated his sales a bit more. Facebook’s disastrous conference call and outlook has seen the stock plummet 25% from its earlier highs.Note that this brings FB back below: (1) the trend line which has buoyed it since April 4; … continue reading →
A quick glance at NFLX’s daily chart shows it has significant additional downside potential. The most obvious downside target is the 100-DMA at 338.73. But, the 200-DMA is approaching the white channel midline and should cross it at around 298-300 on or about August 6. It makes for a nice downside target if the SMA100 … continue reading →
I normally construct charts in log scale. In general, I regard it as a more legitimate way of viewing time and price relationships. But, I try to remember to check in on the arithmetic picture from time to time. Here are a few arithmetic charts to consider… … continue reading →