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Articles by kimblecharting

Tech bulls want this level to be forgotten!

December 27, 2017

CLICK ON CHART TO ENLARGE  Some feel assets or charts have memories. If this is true, Tech bulls might be hoping that a certain level is forgotten! The above chart looks at Tech ETF (XLK) on a monthly basis, since 1998. XLK peaked at the 2000 highs at (1), where a bearish reversal pattern (bearish wick) took …

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Semiconductor Reversal Pattern May Spell Trouble For Bulls!

December 13, 2017

Since the 2009 stock market lows, investors have looked to the Semiconductor sector for strong returns and market leadership. Just check out the performance numbers vs the broader stock market: Semiconductor ETF (SMH) +494% vs  S&P 500 +262%. With numbers that double those of the S&P 500, it’s fair to say that the Semiconductors have provided important leadership for …

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Harley Davidson breaking above bullish falling wedge

December 4, 2017

2017 hasn’t been an “easy ride” for Harley Davidson (HOG) as it has declined the majority of the year, while the broad market has power higher. Below takes a look at HOG over the past 9-years and applies the Power of the Pattern to it- CLICK ON CHART TO ENLARGE The 25%+ decline this year in HOG …

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Tech bulls biting nails at this price point, says Joe Friday

December 1, 2017

First Fact….The Nasdaq tech train trend is up and has NOT derailed at this time, nor has it slowed down! Below looks at the Nasdaq Composite index over the past 20-years- CLICK ON CHART TO ENLARGE As mentioned above, the trend in the Tech remains higher and it remains above long-term moving averages. This chart …

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Measured move suggest upside power to come

November 29, 2017

One of our favorite patterns during a bull market is the ascending triangle pattern, especially a multi-year ascending triangle. On October the 12th the Power of the Pattern shared the chart below, asking what would you do with this opportunity. See original post HERE CLICK ON CHART TO ENLARGE Premium and Sector Members bought into this pattern at the time, as …

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Crude Oil bulls don’t want to see selling start here

November 27, 2017

The last 5-months Crude Oil has experienced a strong rally and has been much stronger than the S&P 500 (gained 27% more), highlighted in the chart below- CLICK ON CHART TO ENLARGE This strong rally now has Crude testing what could be an important price zone for one of the worlds most important commodities- CLICK ON CHART …

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Transports- Diverging for 1-year, testing important support

November 20, 2017

1-year ago this month, the Transports/S&P 500 ratio peaked and has been heading lower, reflecting that Transports have been diverging against the broad market. Below looks at the performance of the S&P to Transportation ETF (IYT)- CLICK ON CHART TO ENLARGE The chart above highlights that IYT and underperformed the S&P 500 by nearly 10% in …

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Art market send important signal to stocks yesterday?

November 16, 2017

Activity in the art/collectible markets yesterday caught my attention.  A once-lost portrait of Christ by the iconic Renaissance man Leonardo da Vinci sold Wednesday at auction for $450 million, roughly triple its anticipated price and the most ever paid for a creative work of human genius. Bloomberg reported that the largest known fancy intense pink diamond went unsold …

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S&P 500- Could be dangerous place for selling to start!

November 15, 2017

The trend in the S&P 500 remains up, as it is above long-term moving averages and is in a solid rising channel in the chart below. The little bit of softness that has taken place of late has done nothing to change that trend. The Power of the Pattern wanted to share with you this …

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Crude Oil & Exxon testing long-term breakout levels

October 31, 2017

Crude Oil has been moving higher of late, putting it at a price point that looks to be important from a long-term perspective. Below looks at Crude Oil over the past 10-years and how it is facing a key breakout test on Halloween- CLICK ON CHART TO ENLARGE As mentioned above, Crude Oil is kissing …

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Quiz- What would you do with this opportunity?

October 23, 2017

Below looks at an asset that has been hit very hard over the past few years. Could it be presenting an opportunity? CLICK ON CHART TO ENLARGE This asset is testing the top of a three-year trading range and testing 10-year falling resistance at (1). What would you do with this opportunity? If you would …

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What Would You Do With This Opportunity?

October 17, 2017

Below looks at an asset and its price patterns over the past 20-years. This asset could be forming a multi-year bullish inverse head & shoulders pattern. CLICK ON CHART TO ENLARGE The Power of the Pattern is of the opinion this asset could be forming a very important long-term pattern, with old highs potentially the …

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Gold & Silver- Desperately need this to hold!

October 17, 2017

Below looks at the Silver/Gold ratio over the past 30-years. Metals bulls (both Gold & Silver) want to see the ratio moving higher, to send a quality bullish message to both. The ratio has spent the majority of the past 30-years inside of rising channel (1). When the ratio hit the top of the long-term …

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Emerging Markets break above 5-year resistance

October 14, 2017

Emerging Markets ETF (EEM) did something this week, it has been unable to do numerous times over the past 5-years. Below looks at the price pattern of EEM over the past 10-years. CLICK ON CHART TO ENLARGE EEM has done well since the start of 2016, reflecting gains much stronger than the S&P 500. Over the …

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Energy stocks testing key breakout level, says Joe Friday

October 13, 2017

  Just The Facts- Energy ETF (XLE) has lagged the S&P 500 by a large margin over the past three years, reflected in the chart below- CLICK ON CHART TO ENLARGE The chart above reflects that XLE has underperformed the S&P 500 by nearly 60% over the past three years. Could this large underperformance turn into an …

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Seasonal low in stocks due today, different this time?

October 10, 2017

Below looks at the average performance of the S&P 500 in the month of October, over the past 10 & 20-years. Both charts have a couple of things in common. CLICK ON CHART TO ENLARGE The first thing that each chart has in common is that both charts reflect gains in the month of October, …

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Banks breakout of upper level basing pattern-

October 9, 2017

Since the first of this year, banks didn’t have much to brag about, as they lagged the broad market to the upside. While lagging, they potentially built a base that could reward the owners of banks for a while going forward. Below looks at the Bank Index (BKX) over the past 6-years- CLICK ON CHART TO ENLARGE …

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Crude Oil- Bearish reversal at 8-year falling resistance

October 2, 2017

Crude Oil has been moving sharply higher the past few weeks. Last week we shared with Sectors Extreme & Premium members that Crude Oil had created an important pattern to finish the week while hitting an important price point. Below looks at the chart shared with members last Friday- CLICK HERE TO ENLARGE CHART ABOVE Line (A) has been important …

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Tech Bulls- Concerning if support breaks here!

September 28, 2017

The Nasdaq 100 and Nasdaq Composite index both remain in solid rising trends (Bull Markets), Nothing of late has changed the long-term trend! Below looks at the Nasdaq ETF QQQ over the past few years and highlights some short-term price action that could become concerning to Tech bulls. CLICK ON CHART TO ENLARGE QQQ has remained above …

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Gold & Silver-Bearish reversal patterns this month!

September 21, 2017

Gold & Silver long-term trends have been lower since highs back in 2011. Counter trend rallies have continued to frustrate metals bulls as they continue to fizzle out. Are current counter trend rallies in Gold & Silver about to fizzle out again? Below looks at Gold and Silver on a monthly basis over the past decade- CLICK ON CHART …

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Gold / U.S. Dollar Ratio Racing To A Near-Term Peak?

September 14, 2017

    Two of 2017’s major investing themes thus far are the return of Gold (NYSEARCA:GLD) and the prolonged weakness in the U.S. Dollar (CURRENCY:USD). Year-to-date, Gold is up 15.72% while the U.S. Dollar is down 9.57%.  This follows a multi-year decline in Gold and a multi-year rise in the Dollar. The question now is whether or not we …

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US Dollar/Yen- Slip here, bear trend could start!

September 9, 2017

Since 2011, it has paid to be long the US$/Yen, could that trend be about to change? Big test in play friends! Below looks at the US$/Yen over the past 8-years- CLICK ON CHART TO ENLARGE The trend is your friend and the trend in the US$/Yen still remains up at this time. It has …

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Gold- Mother of all bullish patterns formed?

September 7, 2017

Six years ago this week, the Power of the Pattern shared that “Gold could be flat to down for years to come!” See Why the Power of the Pattern felt this way. See Post Here   Below looks at the performance of Gold, Silver, GDX and GDXJ since the post on 9/1/11- CLICK ON CHART TO ENLARGE …

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Gold- Testing critical breakout level, again!

September 5, 2017

Below looks at the Gold/US Dollar ratio over the past 8-years. The ratio is testing a level that has been critical to Gold bulls for the past few years and we suspect it will be critical for it again at this level! CLICK ON CHART TO ENLARGE The ratio declined sharply from 2011 thru 2013, …

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Stock/Bond Ratio could breakdown here, says Joe Friday

August 18, 2017

Below looks at the Stock/Bond ratio, which is created by using the S&P 500 and Zero Coupon Bond ETF (ZROZ). The chart below looks at the price action over the past three years. Since the highs back in 2014, the ratio for the most part has created a horizontal channel, chopping back and forth.   CLICK …

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Stocks bulls- Don’t want to see selling start here!

August 17, 2017

Historically stocks tend to “Start” to get soft this time of year. Below looks at the average performance of the S&P 500 during the month of August over the past 10 & 20-years. CLICK ON CHART TO ENLARGE The typical decline in August is “nothing” dramatic for sure, as a 1% decline is nothing to …

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Germany & Emerging Markets kissing important resistance-

August 9, 2017

Stock markets around the world remain highly correlated. With this in mind, the German stock market finds itself potentially kissing dual resistance, that could impact stocks in the states. CLICK ON CHART TO ENLARGE As mentioned above, the DAX remains inside of rising channel (1) since the 2009 lows. It hit rising support early last year and the …

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Crude Oil- Facing heavy resistance test again!

August 1, 2017

  Crude Oil is worth about a third (down 65%) of what it was worth back in 2008. It’s lost about half of it value from just three years ago (2014 highs). The declines in Crude over the past 9-years has created a series of lower highs, reflecting it still remains in a long-term down …

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