May 16: The NASDAQ 100 (QQQ) achieved its initial target today.
May 14: Gold – A Test of Initial Resistance. This week’s rally retraced a Fibonacci 38% of the decline since February. It will need to hold above $1281, a 61.8% retracement of the May rally to remain constructive.
May 14: Bitcoin has now reached its optimum retracement point over 7800. Sequential 9 Sell Setup along with five days of Exhaustion alerts should result in a downside correction soon.
May 13: CAP II Buy Alert in NASDAQ 100. Seventh signal in twenty years
May 10: Dow Industrials – Quick Update
We now have a Sequential 9 Buy Setup in the daily Dow Industrials chart
May 7: America’s 10-Year Bull Market.
May 3: Crude Oil – Look for a Bounce and then Lower
May 3: Mild Oversold Conditions in Gold and Silver
Weekly Springboard in Gold (oversold in a flat to rising trend).
28 signals since 1975
A decline in the US Dollar below 97 would be a catalyst to assist the rally.
April 30: Palladium – The Bounce is Over. We anticipate an eventual downside correction of 50% from last summer’s low and a test of the 50-week moving average around $1200.
Charts & Markets had its origins back in the 1970s, when Bob built a “model” from the price history of metals and was retained by some large mining companies. In 1981, presentations to financial institutions included the observation that “No matter how much the Fed prints, stocks will outperform commodities.” Being early in an era of financial bubbles, this was controversial. The “Markets” side of our name includes forecasts of probable major turning points for stocks, bonds, currencies, and commodities.
The historical work on potential market excesses has been backed up with Ross Clark’s outstanding abilities to methodically determine technical excesses, either up or down. In so many words, the “Charts” part of our logo, identifies excesses at likely turning points. A “Springboard Buy” registered on November 3rd, 2016.
Bob’s work on the history of political “markets” enabled the call on the popular uprising that is actually the early stages of the greatest reform movement since the early 1600s. A key essay was “American Spring” published on July 4, 2016. Updated on September 28th, it outlined that the popular uprising would likely be successful in the US election, that November 8th.
Our research is based upon a thorough review of financial history. That every great financial bubble has had similar beginnings and endings has been our contribution to the economic literature. This, when combined with our proprietary technical analysis, has enabled some practical calls.
Our team is comprised of individuals who have participated in multiple booms and busts in domestic and international markets. You can count on unbiased recommendations and impartial guidance.
Weekly Pivotal Events market analysis reports covering equities, credit markets, currencies and commodities. Thought provoking editorial commentaries.
ChartWorks technical analysis utilizes pattern recognition and proprietary momentum models to identify inflection points in the markets
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