Tuesday 29 March 2016

Sector rotation at play

Sector rotation is as old as the hills. Simply, the strong suffer, the weak recover.
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Below we can see this distribution in the market leader IBB, and offset this with the accumulation in long forgotten GDX.

Richard Wyckoff logic allows the chartist to identify trend changing patterns. Both charts below require more time, but yes we have seen a very significant 'Change of Behavior' in each.

This simply means change is afoot, and pay attention!

IBB



GDX



Original Post: http://ift.tt/1V31FSb

Thursday 24 March 2016

Wyckoff Optimism Pessimism Index

Bob Evans created the Optimism Pessimism Index, this time tested tool is one all WYckoff traders should employ.
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More from RTT Tv

When learning about this keep in mind this Wyckoff law:

The Law of Effort vs Results


Simply stated, if there is an effort, the result must be in proportion to that effort and cannot be separated from it. If it is not, it is an indication of other principles in action. Think of the effort as the volume on a move, and the result is the corresponding price action. These two should be in harmony. If you have a lot of volume, you should see a lot of move, if you don’t…why? What is happening? This is where we become the detective, use our tools, evaluate that price action (result), with the corresponding volume (effort), and make some deductions based on the “balance of probabilities”.

The Law of Effort vs Results
Simply stated, if there is an effort, the result must be in proportion to that effort and cannot be separated from it. If it is not, it is an indication of other principles in action. Think of the effort as the volume on a move, and the result is the corresponding price action. These two should be in harmony. If you have a lot of volume, you should see a lot of move, if you don’t…why? What is happening? This is where we become the detective, use our tools, evaluate that price action (result), with the corresponding volume (effort), and make some deductions based on the “balance of probabilities”. - See more at: http://ift.tt/1MooOgv





Original Post: http://ift.tt/1Pu4BAu

Monday 21 March 2016

Is the Gold miner rally Wyckoff friendly?

Positive Wyckoff logic likes to see higher volume on up swings and lower volume on down swings.
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One way to test this is to measure the Net Volume change (or OBV). Net Volume is simply up day volume less down day volume over a selected time period. In the chart below OBV Net Volume indicator is over a half month period (yeah find that in your standard charts package, nope!). Divergence and OBV Net Volume is confirming price action, this is strength.  This is one piece of evidence, of course more is required, but so far this is very positive for the Wyckoff trader.

GDX



Original Post: http://ift.tt/1Sds6lY

Monday 14 March 2016

RTT browsing latest..

Please review a collection of WWW browsing results.
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Date Found: Wednesday, 23 December 2015, 05:47:17 PM



Comment: RTT: Buy Crude.. NOT YET.. climax low not in yet!



Date Found: Thursday, 24 December 2015, 09:40:44 PM



Comment: Dan Amerman: The FED has no idea how to get out of this: youtu.be/-SUJc_riLl8



Date Found: Saturday, 26 December 2015, 02:21:09 PM



Comment: RTT: The growth in the world population makes this a buy for that reason alone!



Date Found: Saturday, 26 December 2015, 02:29:07 PM



Comment: Rate Hike: Beginning Of The End For Confidence In Fed - Grant Williams youtu.be/3bNfFNGX9eg



Date Found: Saturday, 26 December 2015, 05:38:53 PM



Comment: Margin debt and US Corp profits rolling over! AND the FED raised rates! Ouch!



Date Found: Sunday, 27 December 2015, 02:14:06 PM



Comment: RTT: In 2016 beware companies that have had BUY BACK programs, the above will be a common story in the next 12 months. Prices crashing to avg buy back price! Ouch!



Date Found: Sunday, 27 December 2015, 09:41:29 PM



Comment: GOLD D-Wave acting out. All normal, so far!



Date Found: Sunday, 27 December 2015, 09:47:00 PM



Comment: Paul Craig Roberts youtu.be/gZx7JWSOqK0



Date Found: Tuesday, 29 December 2015, 05:48:10 PM



Comment: RTT: Brilliant! Have a you a hedged to cover the damage form a downswing!



Date Found: Tuesday, 29 December 2015, 05:59:05 PM



Comment: Steve Keen on China and Portugal, youtu.be/dadYXl0ok6c



Date Found: Wednesday, 30 December 2015, 01:42:47 AM



Comment: It is all about the $USD, if that goes the printing by the FED will end youtu.be/me5O7VUOsVo



Date Found: Wednesday, 30 December 2015, 04:03:43 PM



Comment: RTT: Institutions have been selling since 2012. You need a greater fool to sell too, buybacks and hedgefunds are they the greater fool!



Date Found: Thursday, 31 December 2015, 02:24:26 PM



Comment: For the current bear market in gold a another 12 months to go before it is a NEW ALL TIME longest bear market.



Date Found: Thursday, 31 December 2015, 02:25:42 PM



Comment: Gold stock bear market is soon to be the longest ever! BUY BUY BUY!



Date Found: Thursday, 31 December 2015, 07:31:29 PM



Comment: Stock market support from buybacks is drying up.



Original Post: http://ift.tt/251jXrQ

Gold Gann Angle Update

Gold Gann angles paint a nice picture. A pullback that so far has reacted to supporting 1x1 Blue Gann Angles.
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In short, we have a strong price reaction to GLD $100. Short covering or new investment, only future price action will confirm this. We shall have to watch the pullback nature of gold during the next few weeks. If GLD can get over $135 then this should secure the beginning of the awakening of a new bull run to much higher prices. The 4 year gold pullback has been nothing more than an attraction to the supporting 1x1 Gann Angles. Knock on wood! Watching and waiting.

Gold Gann Angle



Original Post: http://ift.tt/1S0YEQ2

Thursday 10 March 2016

RTT Flow Index says caution or get short

The RTT Flow Index is a new index at readtheticker.com that helps to guide members through the big change patterns, a real cunning plan!
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Price of any stock market index is not used, it is made up of internals of the Index. There is no curve fitting.

Currently we do not have a recovery pattern in the SP500 or NYSE, and we are in the RTT Flow Index RED zone with SP500 price showing some weakness (post ECB news today). CAUTION or SHORT of the major indexes should be considered. A recovery pattern would be a fall to SP500 support at 1890 or so with strong bounce into the green zone, which can still happen of course. NOTE:If the ECB come up with more sugar bombs in the next few days then we may get into the green zone tomorrow, everything changes!

The RTT Flow Index can be seen by RTT Plus members only.


RTT FLOW INDEX



Original Post: http://ift.tt/1R9YgeD

Wednesday 2 March 2016

Sound money commodities are warming up

Yes we have a pop up in gold! But look around, other sound money commodity are trying to find a bottom
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Below is the Crude oil Sweet Light chart. Supply is being bet with demand, and you see this with the higher volume on the short thrust. When price moves less on higher volume this is Wyckoff law of 'Effort vs Results' at play, so higher volume with poor price movement is less results for the effort by the shorts hence the longs are stepping up.

However this does NOT mean lower prices are over for crude, it does mean if we get a sell off on lower volume this would be the shorts last roll of the dice. A low volume sell off would show the market the bears have run out of juice thus allowing the bulls to accumulate with some safety. A Wyckoff trader would like to see a wider trading range proving accumulation is present. Watch and waiting!

Crude is a large part of the CRB index, crude turns or slows, so will the CRB index.

CRUDE


Some interesting comments in this video...about China!




Just a reminder that Wyckoff logic and readtheticker.com are not one hit wonders, this video was spot on!





Original Post: http://ift.tt/24BPRL6