"WTF Chart of the Day" Posts
WTF Chart of the Day: Gold At Short Term Support
By Lawrence
Update on gold’s latest failed attempt to move higher. Mentioned last time that gold has support at 1260 area back in early October. A bounce followed which was pretty much expected. Everyone was so bullish back then while my members know that 1360 has to be cleared before any significant upside was possible. Gold simply […]
WTF Chart of the Day: VIX Smash
By Lawrence
You thought S&P going higher and higher like this is new? Think again. This is what happened back in late 2002 to 2005. Every push higher in VIX is promptly answered by heavy selling of the VIX derivatives which in turn leading to arb activities that start the chain reaction forcing the S&P to go […]
WTF Chart of the Day: GE At Its Critical Time Price Window
By Lawrence
Here is an update to my post on GE back in Jun 2013. GE is now challenging its long term channel top. Unlike the major indices keep pushing higher, GE is still struggling at the bottom of its range. GE is telling us that the US stock market is facing its biggest fight for survival […]
WTF Chart of the Day: What The Beep Is Going On With S&P 500
By Lawrence
Following is the chart of S&P 500 Emini future 15-minute chart, regular trading session only since Oct 23, 2013. Many traders are scratching their heads wondering what is going on. An 8 points only channel for 4 days?! Well, it is not something new. Whenever S&P has to be carried to certain print level for […]
WTF Chart of the Day: Dow Component Change Aftermath
By Lawrence
I posted about the expectations of Dow component changes right before it took place last month. The outcome is almost 1000 points drop starting right on the day of component change, just like what happened before. Stock market indices are funny this way. What’s next? 1. 3 pushes up pattern in place (highlighted by red […]
WTF Chart of the Day: Gold Bugs Refuse To Give Up
By Lawrence
I posted about gold back in mid Sep. Time to review what happened since. The inability of gold holding 1320 points to a drop to the next target zone below. How do we tell where a target zone is? The area highlighted by the red rectangle is a chart pattern called pocket. It has a […]
WTF Chart of the Day: Nikkei Long Term Backfill Actions
By Lawrence
Nikkei weekly chart below. Those who are familiar with market profile would notice at once we have 2 areas of concentrated volume: 1. 14000 to 15500 from years ago and then the past few months 2. 9000 to 11000 from end of year 2008 to right before the melt up actions The void between is […]
WTF Chart of the Day: Twitter IPO
By Lawrence
Twitter is not even listed yet so where do I get a chart on the stock? No, I am not talking about the funny activities on the stock Tweeter Home being mistaken as Twitter. I am talking about the number of Twitter members and some basic math on these figures. Some figures of interest (data […]
WTF Chart of the Day: US Government Shutdown Play In Forex And Indices
By Lawrence
In case you are not familiar with US government shutdowns, it has happened before and it is likely to happen now. The last shutdown on record was 1995 November 14 to 19 and then 1995 December 16 to 1996 January 6. What happened to Emini S&P500? Not much really. What happened to the majors? Wow. […]
