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Category Archives: Single Stocks

Apple Stock Breaks New Record Highs!

Last month, Apple’s stock chart started to go vertical and is now forming a spike. I use one trend line which touches close to 3 peaks, and now is on its 4th peak. All this under the anticipation of the iPhone X  release.  This is nothing new that hasn’t happened many times before. What’s just a bit different than any other time is that all major stock indices in the USA, are also at world record highs this past week.

Apple’s charts have diagonal qualities to them so I used zigzags with this wave count.  Sooner or later every bull market will start to act like nothing can take it down,  so investors feel “Safe” inside the herd of investors. The VIX confirms this, as it also crashed to another extreme new low price.  The Apple $200 price forecast is pretty common, but that is a safe forecast.

How deep or long of a correction Apple will have, all depends on the degree of correction, that we may see in the next few years. Any bottom trend line would be pretty useless as it would only touch one point while the top has 4 touch points. There are two major price bottoms of $89 and $55 which we can use, but they are just visible targets on the charts.

Insiders left a long time ago and they are not rushing in to buy. What really stands out, but few will ever know about or even use is the Gold/Apple ratio. The cash, gold price divided by Apple’s stock price, will give you the amount of shares you can buy with one gold ounce.

At this peak the Gold/Apple ratio has hit a record extreme of 7.5:1. This is the most compressed number since I have been tracking this ratio, and it shows how expensive it is when we use real money. Sorry, Bitcoin is not real money, it’s invisible speculation money.

Apple could be at a wave 3 top in Cycle degree as its ability to innovate are being hampered. At a minimum Apple could hit that $85-90 price level again, which is barely a 50% correction. The $150 and $140 price level also needs watching as that could supply short term support.

The only important support is the price that will kick of a new bull market, and nobody knows where that may end.

Harry Dent has forecasted a DJIA 5000 price level to come, and Apple is part of that. So when the big markets start to crash will Apple stock holders be,  “safe”? I doubt it very much.

Making a DJA forecast of 5000 means little if we can’t forecast the bull market that will be sure to follow. Besides, there is “NO” previous bull market support down at the 5000 price level.

Facebook Record High Bubble Review

I just couldn’t resist looking at Facebook’s stock pattern. Just like many others they all seemed to be in bubble territory. If we jump back in time to the 2012 bottom and start to look up the wave structure, we see the pattern of an impulse. Well, it may start out like that, but it falls apart rather quickly at about $50. 

I look at it as a diagonal wave structure where the first wave was a zigzag. The higher the stock price travelled the uglier the patterns became. The chances are extremely high that Facebook had a diagonal 5th wave bull market ending at a potential wave 3 in Cycle degree.  The bottom of 2011 was the start of the stock mania in the general markets, with FB following about a year or so later. 

I show a huge gap at about the $25 price level. This gap only shows up when I set my frequency at Bigcharts to a daily setting. Once I switch the same chart to a weekly frequency, then the gaps miraculously disappear. Seeing and taking note of gaps is very important from my perspective. They say that 90% of all gaps eventually get closed… I would be the last guy to argue that point.

It may seem unbelievable at first, but you have to remember that we could be heading into what will be called a bear market. I have to call it a Cycle degree 4th wave correction and it is just part of a much bigger bull market yet to come. (After 2021)

Some single stocks may never regain their former glory after a high degree bear market, as some may just simply disappear. 

The Gold/FB ratio is now the most expensive since I have been keeping records. I don’t have that many records, but enough  to have some target ratios we can use.  This ratio stands at 7.52:1,  which means you can only buy 7.52 shares with one ounce of gold. At its low point you could buy 100 shares with one ounce of gold. This is a pretty extreme shift, and not until this ratio has started to shift back to bigger numbers, and we hear news of insider buying, then FB will remain extremely risky. 

Tesla 10 Day Chart Gap Review

On some settings gaps do not show themselves, but they do show up with this 10 day 5 minute chart. That gap that opened up is destined to get closed off again, and I’m pretty sure we will not have very long to wait before that happens. 

I have created a new category called “Single Stocks”  and this TSLA will be the first chart in this category. I will try and edit a few more single stock postings to add to this new category.