Tag Archives: technical analysis

Gold False Breakout to the Downside

Posted on April 10, 2013 by Michael Harris

Spot gold has gained more than $45 after testing longer-term resistance near $1,540 last week. Some technical analysts have recently focused on some, in my view, random pattern formations on the gold chart and have pointed to an imminent collapse. Recent … Continue reading →

Posted in Technical Analysis | Tagged , , | Comments Off

A Test of the May Low in Silver is Highly Probable

Posted on June 21, 2012 by Michael Harris

If there is a pick-up in economic activity and indications about a possible uptick in rates, precious metals will fall. If there is further decline and talk about QE3, precious metals will rally. Technical analysis can only identify price levels with some … Continue reading →

Posted in ETF Analysis, Technical Analysis | Tagged , , , | Comments Off

Chart Analysis is Not a Trading Method

Posted on May 16, 2012 by Michael Harris

Chart analysis can provide a context for experienced discretionary traders for coming up with subjective probabilities, which are then updated by proven, high expectation methods. Chart analysis alone is a negative expectation trading method because charts nowadays are available to everyone with access to the Internet.

Posted in Technical Analysis, Trading System Design | Tagged , , , , | Comments Off

The Four TA Patterns on the GLD Chart that Failed

Posted on November 8, 2011 by Michael Harris

This post could have the title “Beware of Greeks Baring Gifts No 2″ as a sequel to my original post on October 1, 2011 where I warned about the pending failure of the obvious pennant formation in GLD, a chart pattern … Continue reading →

Posted in ETF Analysis, Technical Analysis | Tagged , , | Comments Off

S&P 500 Index Bouncing off its 200-SMA. Self-fulfilling Prophecy?

Posted on June 24, 2011 by Michael Harris

This question is proper for the whole of Technical Analysis; Is Technical Analysis a self-fulfilling prophecy? Take a look for example at the daily S&P 500 chart below, updated as of the close of yesterday. The low for the day was … Continue reading →

Posted in Technical Analysis | Tagged , , | Comments Off

The State of ETFs – April 18, 2011 – The Week Ahead

Posted on April 16, 2011 by Michael Harris

Both ETFs that I have marked as overbought in last week’s report,  DBC and USO, corrected immediately starting last Monday and are now moving sideways short-term. As of the close of Friday, April 15, 2011, there are only 4 changes in the ETF trend … Continue reading →

Posted in ETF Analysis | Tagged , , , , , , , , , , | Comments Off

The State of ETFs – April 11, 2011 – The Week Ahead

Posted on April 9, 2011 by Michael Harris

As of the close of Friday, April 8, 2011, there are 6 changes in the ETF trend state table in relation to previous Friday’s close. Two tickers are in overbought territory, one ticker is approaching overbought conditions and one ticker is close to becoming … Continue reading →

Posted in ETF Analysis | Tagged , , , , , , , , , , | Comments Off

The State of ETFs – April 4, 2011 – The Week Ahead

Posted on April 3, 2011 by Michael Harris

As of the close of Friday, April 1, 2011, there are 6 changes in the ETF trend state table in relation to previous Friday’s close. There are no overbought or oversold conditions present in any of the ETFs considered in this analysis but … Continue reading →

Posted in ETF Analysis | Tagged , , , , , , , , , , | Comments Off

Chaos in Technical Analysis and Backtesting – Part II: More on Close vs. Adjusted Close

Posted on April 1, 2011 by Michael Harris

This is the second in a series of posts about the impact of data adjustments on technical analysis studies and backtesting, as well as, of the pitfalls of trading system development due to incompatibilities and/or conflicts between data series and analysis techniques. Use of … Continue reading →

Posted in ETF Analysis, Technical Analysis, Trading System Analysis | Tagged , , | Comments Off

The State of ETFs – March 27, 2011 – The Week Ahead

Posted on March 27, 2011 by Michael Harris

As of the close of Friday, March 25, 2011, there are 5 changes in the ETF trend state table in relation to previous Friday’s close. There are no overbought or oversold conditions present in any of the ETFs considered in this analysis: 

Posted in ETF Analysis | Tagged , , , , , , , , , , | Comments Off