SP-500-Update-5-16-13

S&P 500 Update

[theTechnicals.com] – The accompanying charts show how you can use multiple markets to increase the probability of your forecasts. From left to ri...

2013-05-15-GS

Goldman Sachs Breaks Out

[theTechnicals.com] – The daily chart of Goldman Sachs (GS) is showing price having just broken out yesterday after consolidating just under a key...

2013-05-14-GBP-USD

GBP/USD Drops to Key Support on Downtren...

[theTechnicals.com] – The daily chart of GBP/USD is showing price having just dropped down to a key support confluence that includes both the 1.52...

USDJPY-mwd-5-13-13

Japanese and U.S. Markets Benefiting fro...

[theTechnicals.com] - The monthly/weekly/daily chart setup of the USD/JPY currency pair shows how the target zones in the shorter horizons have a ...

2013-05-11-gold

Gold Continues Bearish Bias after Bullis...

[theTechnicals.com] - The daily chart of gold is showing a continued bearish bias after the corrective rebound from the 1321 low occurred within t...

Technical Analysis of Forex and Currencies

2013-05-14-GBP-USD

GBP/USD Drops to Key Support on Downtrend Resumption

May 14, 2013

[theTechnicals.com] – The daily chart of GBP/USD is showing price having just dropped down to a key support confluence that includes bot...

Technical Analysis of Stocks and Indexes

SP-500-Update-5-16-13

S&P 500 Update

May 16, 2013

[theTechnicals.com] – The accompanying charts show how you can use multiple markets to increase the probability of your forecasts. From ...

Technical Analysis of Futures and Commodities

2013-05-11-gold

Gold Continues Bearish Bias after Bullish Correction

May 11, 2013

[theTechnicals.com] - The daily chart of gold is showing a continued bearish bias after the corrective rebound from the 1321 low occurre...

Learn Technical Analysis

Bell Curve with Fat Tail

Understanding the Mechanics of Quantitative Trading

March 25, 2013 6 comments

[theTechnicals.com] - One of the areas of professional trading that is least understood is how quantitative analysis actually works. Man...

S&P 500 Update

May 16, 2013 Technical Analysis of Stocks and Indexes

SP-500-Update-5-16-13

[theTechnicals.com] – The accompanying charts show how you can use multiple markets to increase the probability of your forecasts. From left to right is a monthly chart of the gold futures continuous contract, a weekly chart of EWJ (the Japanese ETF), and a daily chart of the E-mini S&P 500 futures contract. The lines on the S&P chart are the same resistance levels created in a previous article which used the 1535.20 level, but with all the boxes and Fibonacci retracement ranges removed in an effort to clean up the screen. CLICK FOR MORE →

Goldman Sachs Breaks Out

May 15, 2013 Technical Analysis of Stocks and Indexes

2013-05-15-GS

[theTechnicals.com] – The daily chart of Goldman Sachs (GS) is showing price having just broken out yesterday after consolidating just under a key confluence of resistance around the 151.00 level. This confluence included both the horizontal resistance level as well as a downtrend resistance line extending back to the February 159.00 high. The downtrend line represented a bearish correction within the strong bullish trend extending back to the July 2012 low at 91.15. CLICK FOR MORE →

GBP/USD Drops to Key Support on Downtrend Resumption

May 14, 2013 Technical Analysis of Forex and Currencies

2013-05-14-GBP-USD

[theTechnicals.com] – The daily chart of GBP/USD is showing price having just dropped down to a key support confluence that includes both the 1.5250 level and the current position of the 50-day simple moving average. This occurs as the strong bearish trend that began in the very beginning of the year has begun to reassert itself after price made a substantial 50% bullish correction within the past two months. This bullish correction brought price up to the major 1.5600 resistance area (which is right around the 50% Fibonacci retracement of the plummet from the 1.6300 area in the beginning of the year down to the 1.4830 level in mid-March). After that correction, price has fallen precipitously in the past several trading days to break down below both the key 1.5400 level and an uptrend support line drawn from the mid-March 1.4830 low. CLICK FOR MORE →

Japanese and U.S. Markets Benefiting from USD/JPY

May 13, 2013 Technical Analysis of Forex and Currencies 1 comment

USDJPY-mwd-5-13-13

[theTechnicals.com] – The monthly/weekly/daily chart setup of the USD/JPY currency pair shows how the target zones in the shorter horizons have a relationship to the zones in the longer horizons. The 91.12 support level in the daily chart on the far right is the result of 3 overlapping Fibonacci ratios from subdivided ranges with the starting and ending points marked on the chart. The box relationships in that chart confirm that it is the appropriate zone to use as the midpoint of the developing rally. A box projection is taken from the midpoint to the bottom of wave 2 in the weekly chart and projected upwards giving us a target for the end of a third wave at 105.12. We see this same price level coming into play in the monthly chart where there is a major resistance zone at 105.79-106.13. The analysis is nullified if price breaks 91.12 before reaching the target, and the currency pair would then require a reevaluation. CLICK FOR MORE →

Gold Continues Bearish Bias after Bullish Correction

May 11, 2013 Technical Analysis of Futures and Commodities

2013-05-11-gold

[theTechnicals.com] – The daily chart of gold is showing a continued bearish bias after the corrective rebound from the 1321 low occurred within the past several weeks. This 1321 low in mid-April was the result of a swift and dramatic plunge that established more than a 2-year low for the precious metal. After that low was hit, price rebounded quickly up to the 61.8% Fibonacci retracement level of the plunge, slightly above 1475 resistance. CLICK FOR MORE →

Aussie Plummets Below Parity

May 10, 2013 Technical Analysis of Forex and Currencies

AUD/USD Daily Chart[theTechnicals.com] – The daily chart of AUD/USD as of May 10, 2013 shows price having finally broken down substantially below its long-term trading range between 1.0150 and 1.0600, and has plummeted further to sink below parity (1.0000). CLICK FOR MORE →

Sneaky Triangle in the ES Provides Clarity

May 10, 2013 Technical Analysis of Stocks and Indexes 1 comment

sneaky-triangle-ES-5-09-13[theTechnicals.com] – Labeled are some Elliott wave counts on the monthly, weekly, and daily charts of the S&P 500 E-mini futures contract.

The monthly chart shows the first three legs of an expanding triangle labeled A, B, and C. We are currently in the D wave portion which has been running since the March 2009 lows. CLICK FOR MORE →

Shorting the Dow, Seize the Moment

May 9, 2013 Technical Analysis of Stocks and Indexes

Matti-Williamson-DOWJONES[theTechnicals.com] – I will make this very simple. The negative divergence is likely to submit the Dow Jones into the hands of the market bears much sooner than you may think despite recent gains. I am using the ATR to calculate my protective stop (300%). I am perfectly aware of the Fed monthly purchases but the graph says otherwise. CLICK FOR MORE →

A Quick Look at the Nikkei 225

May 2, 2013 Technical Analysis of Stocks and Indexes 5 comments

240-min-nikkei-swing-projection-4-29-13[theTechnicals.com] – The 240-minute chart is a very accurate swing projection technique taught in “Technical Analysis for the Trading Professional: 2nd Edition” by Constance Brown, CMT.  The swing projection in the 240-minute chart targets 14507-14556.  To see how this target might fit into the bigger picture we need to look at the longer horizon charts. CLICK FOR MORE →

AAPL Update

April 22, 2013 Technical Analysis of Stocks and Indexes 2 comments

AAPL-Update-Daily-Chart-4-18-13[theTechnicals.com] – The Daily chart of AAPL shows the sell signal from the most recent short setup using Fibonacci subdivisions to find major resistance levels and momentum indicators to obtain permission to enter the trade.  The blue arrow marks the start of all the ranges subdivided and the red arrows mark the ends of the ranges.  Notice how the RSI, the middle indicator plotted below the price data, failed to diverge with prices like the top indicator Connie Brown’s Composite Index did at the furthest “s” to the right on the chart. CLICK FOR MORE →