readtheticker blogger

Tuesday, 5 December 2017

Dow Jones Gann Angle Update

This kinda looks like an Eiffel Tower rally.

Since Nov 2016, this has been BUY the rumor of the Trump tax plan, and maybe now its SELL the fact as the good news was very much over priced. Stock strategists know taking owner ship of a stock market rally is never a good idea, as what goes up 30% can come down 100%, Trump should never put his name on this rally as he will own it in the public eyes when it goes down. Does this make the Dow Jones political with the looming 2018 mid term elections? If it does it could be very interesting in 2018.

The price action is so fake, giant fast moves higher never happened before Nov 2016, so why now, is it the HFT's doing all the buying? Do they work just as good on the down side, maybe not. This forecast is a dead cert, 2018 will not see the CBOE VIX under 10 for the entire year.

Dow Jones Gann

Its on the table ...

Dow pattern

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Thursday, 30 November 2017

The Dow Jones Roar Repeats

Are we near the end yet? The might Dow Jones jumps higher.

The news of Trumps tax plan confirms the higher prices.

Now with rising US 10 year, 2 year and 5 year rate will the talking heads say rising interest rates confirm a rising stock market and all is well. Just one thing though, it is now more expensive to do a share buybacks, a few years back the cost was near zero, now corporations have to pay real money for finance. Add to this existing debt is going to be more expensive after re financing, maybe the next wave of funding will be via the block chain (hey its started already, and just imagine if all those CDS had a block chain token, counter parties could be exposed on an exchange).

The chart for the day.

INDU

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Tuesday, 28 November 2017

RTT browsing latest..

Please review a collection of WWW browsing results.

Date Found: Tuesday, 24 October 2017, 01:47:04 AM

Comment: RTT: SO NOT NORMAL .. even human on the planet should see this as a smoking bomb!

Date Found: Tuesday, 24 October 2017, 01:49:31 AM

Comment: Jeffrey Gundlach and the Weight of a Global U.S. Market on video www.zerohedge.com...

Date Found: Tuesday, 24 October 2017, 06:21:20 PM

Comment: Does china like bitcoin ? NO as it reduces their power, but Blockchain is great as it ends Corruption youtu.be/pK9Sgo6IVm4

Date Found: Wednesday, 25 October 2017, 04:24:31 PM

Comment: RTT: The herd is fully invested, the hard will be moved!

Date Found: Wednesday, 25 October 2017, 06:10:21 PM

Comment: .."As The BBC reports, the rise in New Zealand house prices over recent years has been fuelled by strong immigration, low interest rates and limited housing supplies."... WHAT BUBBLE ?? Now the new Govt, wants to stop Foreign investors, what could go wrong? SHORT NZD !

Date Found: Thursday, 26 October 2017, 02:47:37 PM

Comment: ZH: So let’s review. Longer term, the Chinese are telling you to be wary about a “Minsky moment.” Shorter term, they have been actively engaged in keeping the markets propped up, but that support is ending.

Date Found: Thursday, 26 October 2017, 04:08:29 PM

Comment: US Household Wealth – stocks, bonds, housing etc… – is now 5 times greater than Nominal GDP RTT: This is how the middle class is robbed, massive boom and bust swings that trick them!

Date Found: Thursday, 26 October 2017, 11:41:06 PM

Comment: Facebook is one of those 28 and actually trades at over fifteen times revenues, more than 50% higher than Sun Micro did at its peak. Ironically, Facebook now resides at Sun’s old headquarters. I don’t know if they will follow the same path Sun did but it certainly looks like there are a ton of investors that will, at some point in the future, be asking themselves once again, ‘what were you thinking?’

Date Found: Friday, 27 October 2017, 09:16:30 PM

Comment: Not all names in $QQQ have been as strong as the big boys. RTT: Most NASDAQ stocks crashing... leaders FB,AAPL,GOOG,AMZN on their own.

Date Found: Monday, 30 October 2017, 05:44:03 PM

Comment: ..."Most extreme bullish positioning in Rydex history:"... The herd has be moved to extreme bullishness...the next move is ..

Date Found: Thursday, 09 November 2017, 02:33:43 AM

Comment: What Is Behind Saudi Arabia Purge And Shake-Up youtu.be/PfvvbIYgL7Y

Date Found: Sunday, 12 November 2017, 03:17:31 AM

Comment: Moments when TNX jumps while SP500 new highs

Date Found: Sunday, 12 November 2017, 04:16:16 PM

Comment: Sick of economic forecasts, try Craig Hamilton Parker a psychic (ha ha).

Date Found: Tuesday, 14 November 2017, 04:15:44 PM

Comment: GET RICH - GO LONG VOL!

Date Found: Wednesday, 15 November 2017, 02:55:22 AM

Comment: The S&P’s split personality. Last week, there were a lot of buying climaxes (reversals from 52-week highs) in S&P 500 stocks – 32 of them, which was up from 20 the prior week. There were also a lot of selling climaxes (reversals from 52-week lows), 17 of them, which is highly unusual in a week when there were so many buying climaxes. Usually there are many of one or the other, not both. The only time we’ve seen so many of both kinds of reversals, showing a highly split market, was in Mar

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Sunday, 26 November 2017

Bitcoin vs Gold a Wyckoff Review

Is this a battle between good and evil, or is it good vs very good.

More from RTT Tv

This is what is known, if you dig deep enough.
1) With out Chinese bitcoin miners assisting bitcoin with subsidized electricity it would not be what it is.
2) Bitcoin is not the best code or platform.
3) Bitcoin is a digital product, you can not touch it like gold, silver or oil, thus it can be stolen digitally.
4) The question is Bitcoin like Nokia, just before the smart phone hits the market.

Members who have access to RTT Plus can find more information about Bitcoin pros and cons. Of course right now bitcoin is going up for the same reason Amzon is, and that is the greater fool theory, there is some one out there who will pay a higher price than you.

Original Post: http://ift.tt/2Bq11tk

Friday, 17 November 2017

When does this all end - Update2

To buy or not to buy: The US 10 year versus high yielding utility stocks.

Previous Post: When does this all end - Update

The US 10 year yield is at 2.34%

And compared to utility dividend stocks ...

American Water Works (Dow Jones Utility: AWK) dividend @ 1.87%
NI Source (Dow Jones Utility: NI) dividend @ 2.58%
American Electric Power (Dow Jones Utility: AEP) dividend @ 3.25%

The question is, which asset class do you trust to provide a return for 10 years? Of course your ability to judge future inflation expectations (see TIP for iShares TIPS Bond ETF) and how extended the price trend is over time for each class.

Recently the Dow Utility Index has shown 3 thrusts higher in to new ground, the Dow Jones Utility index is now struggling to get higher as each thrust suffers a loss of power. These thrusts are simply a push higher into new ground to allow the big accounts to sell into, as this move high creates the BIDs to meet the large accounts ASKs. The big boys need the uniformed to buy at highs so they can sell to them.

Higher interest rates will either demand the Dow Jones Utility (DJU or RTT:!UTIL) pay a higher dividend, or create a slump in trend the Dow Jones Utility. The massive bullish stock market trend from March 2009 is extreme, and a leading bearish signal will be the Dow Jones Utility as it reflects the crazy prices paid for yield. Do you get the feeling we are near the turn?

UTIL 3 tops

Longer term trend

UTIL long trend

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Thursday, 2 November 2017

Bitcoin Price Forecast

We have put the call into Gandalf for his pick of the next top of Bitcoin.

Reference: Forecasting Amazon price like Al Capone

His advice is use the design law of nature, the Fibonacci Arcs, and yes $10,000 is on the table. But sadly this is only a 30% move. Get the feeling a serious correction is very very near!

Bitcon BTC

However we have seen this before, warning for newbies !

Tower Pattern

Original Post: http://ift.tt/2iUpOka

Thursday, 26 October 2017

Forecasting Amazon price like Al Capone

When Al Capone ran a scam, he new the outcome, he new his forecast would be on the money. When forecasting stock resistance (or support) zones in the future there really only a few tools that work,

and one would be the Gann Angle with Fibonacci Arcs.

Previous Post: SP500 How much higher ?

The chart below shows how two points are selected [(a) and (b)] which have a number of bars between them which on the count is equal to a Fibonacci number. Fibonacci numbers are found through out life forms in nature as the form represents the best design for survival. A healthy human shape is a form of fibonacci design, so why not stock price. To be fair the fibo arcs work best when the stock has a popular public following as increased human involvement encourages the natural fibonacci sequence to work.

The other tool which readtheticker.com approves of is the Wyckoff Cause and Effect Point and Figure count guide, but that is for another post.

AMZN GANN

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Saturday, 21 October 2017

Gold Cycle Update

Why has gold not fallen below $1000 (well so far), what is the golden canary telling us?

Previous Posts:
SP500 Kitchin Cycle says trouble brewing - Update
SP500 How much higher ?

In short, the old heads out there know there is a ying for a yang! Currently the SP500 screaming higher, massive debt, low very !VIX. But as well all know this wont last forever, and the flip side could be very scary. Hence the hedge into metals, and building of the 4.5 year gold base, and as a Richard Wyckoff analyst a base is 'future profits' that can not be ignored.

Within the gold chart below (GLD) we see two dominant cycles, and both show a bottom is forming which should end with an upswing into year end. Notice that cycles do exist in the gold market. Cycle do go 'missing in action', and they do return. Cycles are guide to price highs and lows, price action (Wyckoff Logic) over rules cycles for investment decisions.

The indicator on price is our own RTT Steps which shows off climbing Support and Resistance.

Gold Cycle

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Thursday, 12 October 2017

SP500 Kitchin Cycle says trouble brewing - Update2

A Richard Wyckoff investor has to make a judgment of where we are in the trend, start, middle or end before they can invest.

Previous Post: SP500 Kitchin Cycle says trouble brewing - Update

Where are we in the current trend ?

From the consolidation (re accumulation) in 2016 we are not at the start, that is easy, so we must be in the middle or near the end. So far we have seen a massive 42% move and on any measure that is huge, and based on the dominate cycle within the SP500 this blog says we are near the end, or in the last move (say 10% if we are lucky) before we get another major consolidation. Nobody knows if the next consolidation will be defined as a reversal or continuation at this stage. Nothing moves in a straight line for ever!

New money into this market is surely high stakes poker. The defensive trades (gold, silver, bonds) all have bases set up for a price move(if SP500 reverses), the question is do market players continue to move money from SP500 to defensive positions.

NOTE: The price chart below with our RTTHurstDPO indicator shows price is conforming to the 900 bar Kitchin cycle.

SPY cycles kitchin