• 1,022 days Will The ECB Continue To Hike Rates?
  • 1,022 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,024 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,424 days Could Crypto Overtake Traditional Investment?
  • 1,429 days Americans Still Quitting Jobs At Record Pace
  • 1,431 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,434 days Is The Dollar Too Strong?
  • 1,434 days Big Tech Disappoints Investors on Earnings Calls
  • 1,435 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,437 days China Is Quietly Trying To Distance Itself From Russia
  • 1,437 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,441 days Crypto Investors Won Big In 2021
  • 1,441 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,442 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,444 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,445 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,448 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,449 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,449 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,451 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Note that the Breakout Indicator is Now Reaching Into Overbought Territory

It's courtesy day again where we will share one of our subscriber charts that we have been posting in the past few weeks.

This particular chart was posted last Friday, and is a bar chart with a proprietary Ribbon Chart and Breakout Direction Indicator.

This particular model is in our final research phase, but for now, we can say that the use of this Ribbon Chart along with the Breakout Indicator helps eliminate the "noise level" that can be confusing to investors when the daily bars are highly volatile at junction changes.

Like last week, I am not going to explain this chart today, because even if you are not a technician, you either "get it or you don't", it is that simple to understand. FYI ... do note that the Breakout Indicator is now reaching into overbought territory.

So, take a look at today's chart, enjoy it, and have a great weekend.

bar chart with a proprietary Ribbon Chart and Breakout Direction Indicator

 

Back to homepage

Leave a comment

Leave a comment