I've been ill or recovering much of the new year so far, as has Stan, and much of the western world as far as I can tell, and I've managed to keep up with my main work at theartofchart.net but this is an unusually late first post for the year. That's not the polite cough that I'm...
read moreTag: Jack’s CAP
Three Wise Patterns Bearing Gifts Of Volatility
I hope everyone had a great holiday. So far this week, the tape has been pretty tedious. However, I bring glad tidings, as the pattern setup here says that is likely to be changing in the near future. I've included my full premarket video today just to show that even with interesting things likely to...
read moreTag: Jack’s CAP
Return To Santa, Address Unknown
I'm definitely in a holiday mood this week. That's not really due to declining workload; by the time I finish today, I'll have published between 55 and 60 charts and three videos. Nonetheless, the holidays are in the air and I'm feeling festive. Santa has been AWOL for a couple of days on the indices...
read moreTag: Jack’s CAP
Probably A Dip To Buy
I was seeing a possibility of a retracement last night and was talking about that this morning in my premarket vid. The 60min sell signals on ES and NQ have made target but there is a strong case on NQ for a hit of a wedge support trendline currently in the 6460 area and that...
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Twas The Week Before Xmas
A strong start to the week, and we're likely to see at least some more upside, as the double bottom on RUT/TF that I was looking at on Friday has broken up with a target at a retest of the all time highs. I'm expecting that target to be hit. NQ is testing the trendline...
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RUT – The Sleeping Giant Awakens?
Back to back reversal trend days, which we haven't seen in a while, and NQ has now made the new ATH that Stan and I were looking for. My video was moved from premarket to just before midday this morning, as a big Windows 10 update took my media computer hostage for several hours and...
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Candidate 2017 Highs Made
Surprisingly interesting action on SPX/ES today and the possible 2017 highs on SPX and NDX that Stan and I are looking for in the next three or four days may already be in. Intraday Video - Update on ES, NQ, and TF: [embed]https://www.youtube.com/watch?v=t2I7h5UQMc8[/embed] On the SPX daily chart, the resistance trendline from 2016 is holding...
read moreTag: Jack’s CAP
Santa With Some Reservations
Looking at the shorter term charts, there are some signs that we might see a retracement, though, with Fed tomorrow, any retracement may need to wait until then. There is a possible case for NQ to backtest the weekly pivot at 6344. Intraday Video - Update on ES, NQ, and TF: [embed]https://youtu.be/ivprr_nDeRw[/embed] On the SPX...
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Winter Is Here
A modest storm by US standards is passing over the UK. We have enough snow for a modest selection of snowballs, and I'm planning a quiet weekend in, relaxing while doing no more than an absolute maximum of seventy charts and three videos before Monday. I might light a nice coal fire if the snow...
read moreTag: Jack’s CAP
December Begins
Stan and I are doing our monthly free public Chart Chat at theartofchart.net at 4 p.m. EST on Sunday. We'll be looking at the usual wide range of equity indices, bonds, precious metals, energies, and commodities and if you'd like to attend you can register for that on our December Free Webinars page. After the spike up at the...
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