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technicaltrader
@technicaltrader
41
Ex-finance professional trading markets globally using technical analysis
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2018-09-22 12:14
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technicaltrader
trading
8y
Gold Miners (GDX) Back At Neckline Support
The Gold Miners ETF is right back at the neckline of the inverse head and shoulders breakout. There was bullish divergence at the lows and volume on the breakout so should buyers return, this remains a
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technicaltrader
trading
8y
Japan Close To Confirming Major Equity Market Breakdown
Yet another market is close to confirming a major top. I have discussed Germany and France over the last couple of days and Japan is now less than a week away from the monthly candle confirming a failure
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technicaltrader
trading
8y
Yet Another Equity Market Breakdown From France's CAC 40!!
Germany's DAX looks to have confirmed a major topping pattern as discussed here and now the CAC looks to be adding to the evidence that a major top is in place. Price is currently sitting below the trend
technicaltrader
trading
8y
SPX Rising Wedge Target Achieved. Potential Near Term Support
The rising wedge in the S&P 500 that I wrote about here has already been fully retraced. By looking left, it's also apparent that this is a level that price has bumped around since the start of the
technicaltrader
trading
8y
Germany's DAX Confimring MAJOR Market Top. Equity Markets Breaking Down Globally
I spoke here about the state of a few global equity markets and the fact they there was a sychronised breakdown. However, at the time, the DAX hadn't quite made a clean break through the head and shoulders
technicaltrader
trading
8y
New Swing High In Gold In Early Trading. Looking For A Breakout In Silver To Follow
After breaking from it's downtrend on the 11th of this month, Gold has consolidated but now looks to be pushing higher in early trading. I think the intial stage of this move can take price to ~1,360 -
technicaltrader
trading
8y
Charles Schwab (SCHW) Topiing Pattern Confirmed
SCHW is yet another stock showing a significant topping pattern in place. This one gives more evidence that the future path of prices in the financials sector is lower. This was the one area market
technicaltrader
trading
8y
Ebay (EBAY) Chart Just Gets Worse And Worse
Major trend line support can clearly be seen to have broken on the Ebay chart and the daily chart below shows a big gap down on large volume which confirmed a failure of the support zone that has formed
technicaltrader
trading
8y
Arista Networks (ANET) Topping Pattern Confirmed
I wrote about the likely weakness in the FDN ETF a couple of weeks back here and as it stands, that analysis still holds. ANET's biggest exposure within an ETF holder is via FDN, giving weight to the fact
technicaltrader
trading
8y
US Risk indicators Suggest More Downside For Stocks Globally
There are a number of indicators at the moment that suggest to me there is more downside in store for US equities and most likely global markets as discussed here. The above chart shows the ratio of the
technicaltrader
trading
8y
Russell 2000: One Of The Most Bearish Charts Out There?
In September of last year, the Russell finally broke above the rising resistance line that had been holding back prices since March 2014. This clearly should have been viewed as a positive event and the
technicaltrader
trading
8y
Where Next For AUDJPY And What Will That Tell Us About Risk Appetite?
Whilst the daily chart of this forex cross is quite noisy at the moment, the weekly chart shows we are at an extremely important level that could give us insight in to the future direction of AUDUSD (which
technicaltrader
cryptocurrency
8y
Bitcoin (BTCUSD) Now back at Major Support. If This Level Breaks It Could Spell Trouble
After the big price increase in trading on trading on Monday failed to hold, whilst many were saying to jump on board, I wrote here that the breakout had not been confirmed and that that kind of price
technicaltrader
trading
8y
Bank Of New York Mellon (BK); Adding To The Weight of Evidence In Financials
Yesterday I posted here about JP Morgan and Bank Of America to see if they were giving us any clues as to the direction of the Financials and hence the broader market. Today, Bank of New York shows that
technicaltrader
trading
8y
United Continental Holdings (UAL) Holding Above Major Support Near All Time High
Whilst there aren't too many stocks that look to have a strong possibility of upside given market conditions, it's worth noting the stocks that are holding up well in case we move in to a more positive
technicaltrader
trading
8y
Facebook (FB); Critical Level Must Hold
Yesterday I took a look at GOOGL to look for clues as to the future direction of the broader market. Today it's Facebook's turn. Earlier in the month I was looking for price to form a low at what would
technicaltrader
trading
8y
SELL GBPJPY; Retest And Failure Complete
See here for the full analysis on this one that I posted a few days ago. After breaking from the pennant, price moved back in to the pattern as buyers had a last ditch effort at pushing it back to new
technicaltrader
trading
8y
Where is AUDUSD Heading?!
The montly chart on this forex cross, at this stage, does not paint a pretty picture. Whilst I'm looking for USD weakness here, Aussie and Kiwi Dollar have been laggards among the majors and look to be
technicaltrader
trading
8y
Brent Crude Retesting Breakout
Brent is currently retesting the breakout from the inverted triangle. A move back above the mini consolidation of the last few days ~82 would suggest we are likely to see higher prices. Should that confirm,
technicaltrader
trading
8y
Alphabet (GOOGL) Sitting On Channel Support
Google is another name I'm watching closely to give clues as to whether markets take another leg lower and if so, how deep that move may be. If price breaks, 1,000 is the next obvious level to watch. To
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