- Posted by PeterLBrandt on November 24th, 2014 at 8:27 am
The monthly chart of these two companies are extremely constructive, calling for further advances
[Note: Factor LLC is a proprietary trading operation that focuses on classical charting principles for market speculation. We attempt to answer the questions “in which direction?” and “how far,?” not why. We will leave the “why?” to others.]
The long-term charts of both companies have only recently completed sizable continuation chart configurations.
The gap up on $WMT on Nov 13 now unquestionably appears to have been a breakaway or measuring gap. It is unlikely that a serious sell-off can occur in this stock. In fact, any weakness back toward $82 would be an excellent buying opportunity with a minimum target of $105.
The dominant chart construction in $INTC is the mid-2014 completion of a 13+ year base. A base of this magnitude typically propels a bull trend that lasts a minimum of five years. The minimum target for Intel is $44.37, although a test of the highs in the mid $50s is quite likely. Note that the market last Friday
The above is just a sampling of the analysis provided on a regular basis to members of the Factor Service. See the menu bar at the top of this page for a link to more information.
Credits: Hats of to Ko and R.P. for alerting us to these stocks.
Chart of the Month — Japan poised for 25% advance in next six months
Posted by PeterLBrandt on November 19th, 2014 at 7:23 pm
Major congestion zone in Japanese stock indexes are being completed — path of least resistance is sharply higher The advance during November in […]
Charts of the Day for November 13, 2014 — Some excitement ahead
Posted by PeterLBrandt on November 13th, 2014 at 12:58 pm
Gold, Palladium, Platinum, CATO, Crude Oil Keep your eyes on the precious metals. Gold and Palladium could be bottoming. A decisive close by Gold […]
Chart of the Day: Want to know what a 90 cent Eurodollar looks like? Well, this is it!
Posted by PeterLBrandt on November 6th, 2014 at 9:53 pm
Massive symmetrical triangle in EuroFX spells trouble ahead [Note: Factor Trading is an advocate of classical charting principles. As a research and proprietary trading […]
Chart of the Day — Copper
Posted by PeterLBrandt on November 5th, 2014 at 10:51 am
Red Kite Hedge Fund Group about to get hit by lightening According to Reuters, the London-based Red Kite Hedge Fund Group owns more […]
Chart of the Day — Gold breaking down
Posted by PeterLBrandt on November 4th, 2014 at 10:21 am
Target is sub $1,000 — this is the final blow-off forthe bear market from the $1,826 high The decline in recent days has […]
Chart of the Day — Japanese stock indexes undergoing major upside breakout
Posted by PeterLBrandt on October 31st, 2014 at 8:00 am
Benchmark Topix completing massive ascending triangle Target is 1750 — a 26% gain from present level The major news overnight has been the […]
Chart of the Day — with a Hearty Hi-Ho Silver Away
Posted by PeterLBrandt on October 30th, 2014 at 8:56 am
Silver could be experiencing a serious technical breakdown And with it, Silver bulls might experience a serious emotional breakdown Whenever a market […]
The Chart History of the Gold Market — an Updated Edition
Posted by PeterLBrandt on October 24th, 2014 at 9:24 am
Gold is the ultimate charting market. Gold rarely begins a major trend without first ringing a bell and waiving a flag announcing its intentions. […]
Charts of the Day — DAX and Russell 2000
Posted by PeterLBrandt on October 10th, 2014 at 8:54 am
Postnote: The Factor operates under the theme of “Strong Opinions, Weakly Held.” When we are right, we can be really right. When we are wrong — […]
Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. From his start in the commodity industry, Peter's goal was to trade proprietary funds. But, he first needed to learn the business. More »