• 1,118 days Will The ECB Continue To Hike Rates?
  • 1,118 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,120 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,520 days Could Crypto Overtake Traditional Investment?
  • 1,524 days Americans Still Quitting Jobs At Record Pace
  • 1,526 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,529 days Is The Dollar Too Strong?
  • 1,530 days Big Tech Disappoints Investors on Earnings Calls
  • 1,531 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,532 days China Is Quietly Trying To Distance Itself From Russia
  • 1,533 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,537 days Crypto Investors Won Big In 2021
  • 1,537 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,538 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,540 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,540 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,544 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,544 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,545 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,547 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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