Entries by Peter Brandt

World Stock Markets Are Turning Over

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DAX

The German DAX has completed a H&S top with a down slanted neckline on the weekly chart. H&S tops with down slanted necklines are generally more reliable and powerful than H&S tops with an up slanted neckline.

An Interest Rate Generational Low

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A Generational Low?

Two chart observations are worthy of note. First, the advance this past week in yields completed a 4+ year H&S bottom on the weekly chart with targets of 4.37% and 5.03%. Second, the advance this past week also penetrated the upper boundary of a multi-decade channel. It is my belief that an Interest Rate Generational Low has been confirmed in yields.

I know my sweet spot. Every trader should strive to know his or her sweet spot.
We should strive to only take a trade when the market set up is in our sweet spot.
We should strive to avoid trades out of our sweet spot.

Crude Oil on the Rise

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WTI

Crude Oil is on the Rise.  The advance on Monday confirmed the symmetrical triangle on the daily chart. The target is 78.40. The Factor Tracking Account is long the Nov mini WTI contract.

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