Gold Is Knocking… Will Metals Bulls Answer?
Is gold ready for primetime? The shiny metal is testing the $1360-$1370 level for the fourth time this year. One factor that has helped to keep Gold elevated is a weaker U.S. Dollar. The chart below highlights the Gold/U.S. Dollar ratio. Metals bulls want/need to see...
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Doc Copper could be creating a toppping pattern
CLICK ON CHART TO ENLARGE Doc Copper has spent the majority of the past 7-years inside of falling channel (1). It has done very well the past 3-years, as it has rallied over 70% since hitting channel support in 2015. The 3-year trend is up and nothing of late has...
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Stock indices creating look-alike bearish patterns?
CLICK ON CHART TO ENLARGE The Dow has spent the majority of the past 70-years inside of bullish rising channel (A). It hit the top of this channel in January at (1), as monthly momentum was hitting levels last seen in 2007, 2000, 1987, 1957 and 1929. The 4-pack...
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Large To Small Indices Remain Above Important Support
CLICK ON CHART TO ENLARGE The chart above looks at performance numbers of several key indices on a Year-To-Date basis and from the highs in January. Both highlight that these indices are soft and mostly choppy so far this year. The 8-pack below looks numerous stock...
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Tech ETF (QQQ) due a bounce at triple support
CLICK ON CHART TO ENLARGE The decline of late in Tech ETF QQQ has it testing triple support at (1). A bounce is due here and QQQ could bounce at least 5%+. Bulls want to be careful that if a bounce takes place that it could be forming an important topping pattern....
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The Stock Bull Market Stops Here!
CLICK ON CHART TO ENLARGE The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average. In my humble opinion, each index above remains in a bull...
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Quiz-What would you do with the pattern?
CLICK ON CHART TO ENLARGE We would like to know what you would do with the pattern/opportunity at (1). Please send all replies to Services@kimblechartingsolutions.com If you would like to know what this asset is, send us an email to...
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Bank Index- Important “Support Kiss” in play, says Joe Friday
CLICK ON CHART TO ENLARGE This chart looks at the Bank Index over the past 17-years on a monthly basis. The index has remained inside of a bullish rising channel (A) since the lows in 2011. The rally over the past 7-years took it to the top of this channel and back to...
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A Breakout Here Could Produce Another Gold Rush
Gold prices have chopped higher since bottoming in December 2015. The move has not been as exciting as precious metals bulls would like but its followed a trend of higher lows nonetheless. During the same time frame, Gold has tested the $1360 – $1375 price level on...
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Facebook-Bullish reversals taking place at 6-year support
CLICK ON CHART TO ENLARGE Facebook has been in the news of late, unfortunately for the bulls, its been mostly negative. Could this situation be creating an opportunity? The Power of the Patterns believes it has. Facebook has experienced one of its sharper declines in...
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