It is with some discomfort that I am always pointing out potential tops in the U.S. stock market indexes. But, I must call them as I read them. The S&P daily chart has made ZERO upward progress in 18 months. A possible complex H&S top formation is under construction. Also note the appearance of a 7-week H&S top pattern. I am willing to short this smaller H&S pattern if given a well-defined risk point. I will give up on a bearish interpretation of the S&Ps if a new high is made – but this does not mean I would have any interest in being long in new high territory.
I remain a long-term bull on the U.S. Dollar. Like every other chartist in the world, I am well aware that the DX penetrated the important line of support at 93.00 this past week. I had absolutely no desire to short the apparent breakout of this level. In fact, I believe the decline below 92.00 was a gigantic bear trap – bringing in new shorts and washing out stalled longs.
https://www.peterlbrandt.com/wp-content/uploads/2016/05/bullish-on-the-US-dollar-index-Peter-brandt-Factor-Trading.jpg8961333Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-05-09 10:54:402016-05-09 10:54:40Bullish on the US Dollar Index
The dominant chart construction in Platinum is the completed 9-month H&S bottom on the weekly and daily graphs with an implied profit target of 1179. Note the near perfect Apr 25 retest of the neckline on the daily chart. The strength on Apr 28 goes a long way to confirm the H&S bottom interpretation.
As a trader, my favorite chart configuration is the Head and Shoulders. The H&S pattern is easily recognizable (although for reasons I will not go into here, the novice chartist falsely finds the H&S form everywhere), produces far more reliable trading signals than more frequent patterns and is found at major turning points.
Apple has formed H&S patterns at many major turning points in recent years. The Factor has identified, alerted members and traded many of the following H&S patterns in real time.
Chart traders need to keep their eyes on Apple. The H&S pattern, when it occurs in Apple, is always worth a trade. Truly, Apple is head and shoulders above the rest.
https://www.peterlbrandt.com/wp-content/uploads/2016/04/apple-1.png282376Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-04-28 13:36:532016-04-28 13:40:12Apple (AAPL) – Head and Shoulders above the rest.
Why trade an ETF when the underlying futures contract can be traded.
Trading an ETF tied to an underlying futures or forex market requires far more capital with less profit potential at the exact same level of risk as directly trading the underlying futures or forex contract. Five examples are provided to make my point.
https://www.peterlbrandt.com/wp-content/uploads/2016/04/Trading-Futures-and-Forex-related-ETFs-is-a-foolish-way-to-manage-trading-capital-Peter-Brandt-1.jpg9051333Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-04-20 11:56:582016-04-20 11:56:58Trading Futures and Forex related ETF’s is a foolish way to manage trading capital
All day long we witness market “experts,” brokerage firm research analysts, the talking heads on CBNC and Bloomberg and participants in social media (Twitter, private chat rooms, et al) present this fundamental data or that fundamental data as the factors they feel should be driving market prices. In 95% of the cases, the fundamentals presented by these voices are unimportant — the facts may be correct, but the fundamentals behind the facts presented are not “market drivers.”
Traders and analysts develop the opinion that the things they focus on are really important drivers of price.
Cost of Silver production
Fed policy
Employment data
Consumer optimism
Factory production
Rail traffic
Earnings
Corporate, private and government debt trends
https://www.peterlbrandt.com/wp-content/uploads/2016/04/Dominant-Fundamental-Factor-1-1.jpg10571600Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-04-13 16:26:132016-04-19 09:35:57Explaining the Dominant Fundamental Factor
Stock Market Updates
/by Peter BrandtIt is with some discomfort that I am always pointing out potential tops in the U.S. stock market indexes. But, I must call them as I read them. The S&P daily chart has made ZERO upward progress in 18 months. A possible complex H&S top formation is under construction. Also note the appearance of a 7-week H&S top pattern. I am willing to short this smaller H&S pattern if given a well-defined risk point. I will give up on a bearish interpretation of the S&Ps if a new high is made – but this does not mean I would have any interest in being long in new high territory.
Bullish on the US Dollar Index
/by Peter BrandtI remain a long-term bull on the U.S. Dollar. Like every other chartist in the world, I am well aware that the DX penetrated the important line of support at 93.00 this past week. I had absolutely no desire to short the apparent breakout of this level. In fact, I believe the decline below 92.00 was a gigantic bear trap – bringing in new shorts and washing out stalled longs.
Platinum Continues to Shine
/by Peter BrandtPlatinum
The dominant chart construction in Platinum is the completed 9-month H&S bottom on the weekly and daily graphs with an implied profit target of 1179. Note the near perfect Apr 25 retest of the neckline on the daily chart. The strength on Apr 28 goes a long way to confirm the H&S bottom interpretation.
Apple (AAPL) – Head and Shoulders above the rest.
/by Peter BrandtAs a trader, my favorite chart configuration is the Head and Shoulders. The H&S pattern is easily recognizable (although for reasons I will not go into here, the novice chartist falsely finds the H&S form everywhere), produces far more reliable trading signals than more frequent patterns and is found at major turning points.
Apple has formed H&S patterns at many major turning points in recent years. The Factor has identified, alerted members and traded many of the following H&S patterns in real time.
Chart traders need to keep their eyes on Apple. The H&S pattern, when it occurs in Apple, is always worth a trade. Truly, Apple is head and shoulders above the rest.
Trading Futures and Forex related ETF’s is a foolish way to manage trading capital
/by Peter BrandtWhy trade an ETF when the underlying futures contract can be traded.
Trading an ETF tied to an underlying futures or forex market requires far more capital with less profit potential at the exact same level of risk as directly trading the underlying futures or forex contract. Five examples are provided to make my point.
Explaining the Dominant Fundamental Factor
/by Peter BrandtAll day long we witness market “experts,” brokerage firm research analysts, the talking heads on CBNC and Bloomberg and participants in social media (Twitter, private chat rooms, et al) present this fundamental data or that fundamental data as the factors they feel should be driving market prices. In 95% of the cases, the fundamentals presented by these voices are unimportant — the facts may be correct, but the fundamentals behind the facts presented are not “market drivers.”
Traders and analysts develop the opinion that the things they focus on are really important drivers of price.
Cost of Silver production
Fed policy
Employment data
Consumer optimism
Factory production
Rail traffic
Earnings
Corporate, private and government debt trends