Entries by Peter Brandt

U.S. Stocks Ignoring Logic

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U.S. Stocks Ignoring Logic

U.S. stocks remain in strong underlying bull trends. The dominant pattern in the NASDAQ is a completed 18-month H&S failure pattern with a target of 5413.

 

U.S. Stocks Ignoring Logic - Factor Trading - Peter Brandt NASDAQ

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Next Possible Silver Targets

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The advance in Silver is consolidating in the form of a rectangle. This consolidation could propel the market to its next Silver Target at 22.47, or lead to a retest of support at 18.00.

Emerging Markets Index

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The dominant chart construction in EM futures (Emerging Markets) remains the completed 10- month H&S bottom pattern on the weekly chart wherein the final stage of the right shoulder was an independent 5-week H&S on the daily graph (red box). The initial profit target is 951 with a further potential of 1100 (Sep 2014 high). I continue to note the substantial overhead resistance on the weekly graph above 850.