Two days after Golman Sachs downgraded the gold's price the precious metal plunged. Is that coincidence or just self fulfilling prophecy? Time will show... More on www.CapitalHubs.com Best
Over the last 4 years this rhyme repeated by investors during that time of the year proved to be repeated truth. As we are approaching May there is high probability of a correction unfolding again. Best CH
After heavy sell-off RAX stock price has been brought close to the trendline, which tends to be strong support. In addition lowering volumes of the red sessions promise to bring additional support for the beaten stock. As usually happens and the chart proves it most investors sell at the bottom. The highest volumes on the chart tend to premark the bottom....
Gold and dollar index show interesting pattern. Every time the dollar index touched its parallel resistance line the gold registered bottom. Now the dollar index is close to its support line, so there is high probability of further drop for the precious metal. More on www.capitalhubs.com Best CH
Last six months were mostly in red for the precious metal. Current downtrend, however, is part of the broader consolidation started September 2011 as a triangle consolidation and slowly moving into parallel one, as seen on the chart. After formed two tops and two bottoms since Oct 2012 gold is moving like snake in a tunnel on its way down to the strong resistance:...
Three months ago in post "Nasdaq summer consolidation ended" I pointed out market reversal point based on several technical signals. That included seasonally repeated pattern, MACD divergence, Darvas Box buy signal. Now market is moving north just in line with my expectations. More on www.CapitalHubs.com Best CH
After markets reached multi year highs many investors are nervous about future gains. On the base of one old and forgotten method used by Nikolas Darvas we have pretty accurate tool for timing and target setting. So called Box trading system is a bit justified compared to the original one and uses the 200 day MA breakout as buy signal. The chart suggest that the...
Previous sell signal confirmed by the divergence was in line with my expectations for drop under the 200 day moving average. Currently QCOM stock shows the same pattern. The target price is around $60. Best CapitalHubs.com
Based on the "Most investors sell on the bottom" chart I upgraded the analysis. The pattern repeatedly shows that after initial sell-off there is a rally. This so called "Dead cat" rally usually meets the strong resistance of 50 day MA followed by another drop. Current pattern obviousely shows we are in rally mode, however there is high probability for further...
The chart ultimately proves the statement: "Most of the investors sell at the bottom". Think about it! Best CapitalHubs.com
As NASDAQ is already trading close to the strong resistant level, the Summer bottom, probably we are close to the reversal point. Last two years repeating pattern supports that assumption with regard to the timing - last two rallies started at the end of the year. Still there is a lot of uncertainty on the markets considering unclear Fiscal cliff issue and more...
Apple stock experienced massive sell-of resent weeks after iPhone 5 release, just in line with the post product release model. After two break outs to the downside now the stock is trading under its 200 day MA. As it appears next support could be $520.
After expected post iPhone5 correction Apple entered oversold area. According to the technical indicators there is clear buy signal, however one should be cautious around $704 level.
Using Williams %R indicator in generating buy or sell signals. Buy signal is generated when the indicator crosses above oversold threshold line (-80). Sell signal is generated when the indicator crosses below overbought threshold line (-20). Combination with MACD histogram divergence is supportive for mentioned method in determining the trend reversal....
Williams %R proved to be extremely useful indicator for sell signals. Every time in the last two years when it crossed the overbought range line (-20) from above the stock fell in correction. Additional confirmation could be the divergence between stock price and MACD histogram, which signaled the previous two corrections. First support is $60. If broken the...
Important points to consider: - Transportation sector has been widely used as leading economic activity indicator - The correlation of Dow Jones with Dow Transportation index is high - The divergence between both usually result in sharp rally followed by correction with same magnitude - After last week sharp drop of the Dow Transportation index there is high...
Just in line with the seasonal pattern GOOG has gained some 30% (after double bottom this summer). As seen on the chart last three bull markets started after summer bottoms and we are witnessing this model repeated again in 2012. The seasonal pattern suggests that Google should form peak around end of December or early January and then should be followed by...
After forming double bottom in recent months CAT chart shows high probability for W-shaped formation. That means target area between $108-$112.