On October 7, 2017, I've written a post on the QQQ breaking out of an ascending triangle with a RSI in a bullish range. I followed the analysis with two target prices, near each other, derived from a confluence of two Fibonacci's extensions. You can (re-)read the full blog post here. Last week, on July 25, 2018, the QQQ hit an intra-day high of 182.93 and closed the day at 182.82, both nicely in-between the above mentioned targets of 182.76 and 183.41. Don't you just love t

For this first blog of 2018, we are looking at an industry that had a poor performance in 2017. This is the oil services within the energy sector. Below is a weekly chart of the VanEck Vectors Oil Service ETF ($OIH) which has not only under-performed the overall market but is in a downtrend (red trendline) since its 2014 high (double top June/July'14). Fast forward to mid 2017 and $OIH has been able to set a (long-term) higher low from "the" low in 2016. Right now, $OIH nee

Here's another example of the top down approach. Remember, the idea, in equities, is to look at strong (outperforming) sectors, then drill down into their respective strong industries and end up with single stock names that have interesting (bullish) chart patterns. During the last weekend of November, I've updated the following chart on Twitter: ...with the following comment: "The S&P/ASX 200 Telecom Services Index (XTJ) bounced at the 78.6 retracement from its 2011 low to 2