Charting Wisdom in Broadbeach, Queensland, Australia | Education

Charting Wisdom

Locality: Broadbeach, Queensland, Australia

Phone: +61 403 720 308

Address: Level 12, 17 Victoria Avenue 4218 Broadbeach, QLD, Australia

Website: http://www.sequoia.com.au

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23.01.2022 Something to keep an eye on ... Believe it or not it will be Christmas before we know it and there is a very strong and reliable seasonal pattern in both the Aussie and US markets ... the Santa Claus rally. However, in order for the Santa Claus rally to set up in the usual way, we need weakness. Generally we will form a bottom between mid-November and mid-December (and sometimes we will form two bottoms at these times) and it is from this bottom that the Santa Claus rally is... born. Generally this rally will run strongly up over Christmas to at least the first week of the New Year. I would recommend keeping an eye on the markets over the coming weeks to see if/how the Santa Claus rally plays out this year.

22.01.2022 Update on the Aussie Stock Market (XJO): - The weekly trend is currently up while the daily trend is currently undecided - There is a Double Bottom reversal pattern setting up on the daily chart. We still need to trade above 6031 to confirm the pattern and once confirmed it will set up a target of 6137 (see chart)... - The other possibility is that Thursday’s 6043.4 high is the 3rd top in a potential Triple Top reversal pattern. For this pattern to be confirmed we would need to break below 5916 which would set up a target of 5789. We can also use the last 2 tops in this Triple Top as a Double Top reversal pattern. This would be confirmed on a break below 5938 setting up a target of 5840. This would put us back on the top of the previous sideways trading range we spent most of 2017 trapped in and an obvious support level (see chart) - Volume on the daily chart on Friday was the largest we have seen since XJO expiry back in June for the end of financial year. This is significant because it is 6 months ago and it doesn’t correspond with XJO or stock option expiry. This continues to confirm that the real volume we are seeing is coming in on down days and this is more than likely the true direction we will move in

21.01.2022 SPECIAL REPORT - THE SANTA CLAUS RALLY PHENOMENON It’s that time of year once more where we find out if we have been good boys and girls and if Santa Claus is on his way. There are seasonal patterns in the markets and one of the strongest and most consistent has occurred at the end of the year and early into the New Year. This is often referred to as the Santa Claus Rally or the Christmas Rally.... Looking at all the numbers for the Aussie Market over the last 40 years, most Santa Claus rallies started from late November (20th - 30th) and this is followed by a mid-December (10th 20th) start date. These rallies have lasted on average 44 days and have ended 81.8% of the time in the first 2 weeks of the New Year. Over this time the average gain has been 191 points or 7.1%. Having this knowledge of what could happen is what I like to call an edge ... if you would like to read the full report on my thoughts of a 2020 Santa Claus Rally simply message me or email me (Shane) at [email protected] and I send it through to you. For my report this year I have also added in a closer look at the Santa Claus rally when it's been a US election year.

18.01.2022 Has the Aussie market run out of puff? In my latest Charting Wisdom update that I sent out last night I use Elliott Wave Theory to see where the Aussie market may be heading next. Make sure you're subscribed to receive my Charting Wisdom reports (subscribing is free and easy to do). ... To subscribe just send me, Shane, an email to [email protected] with the word 'subscribe' in the subject line and I will add you to the list.

16.01.2022 Looking at Gold: Gold reached $1904 USD (August contract) last night - just $16 or so shy of the all time high made back in 2011. The new active contract in Gold is the December contract and this made a new all time high last night of $1933 USD. The price of Aussie Gold also reached all time high levels of $2757.95 back in March 2020, however is currently just shy of this level, trading at $2677.34 at the moment. ... In August 2019 I had an upside target of $2447.43 on Aussie Gold (see morningstar.com.au article below) and this level was reached in Feb 2020.

15.01.2022 Hi guys ... I have just completed the final Charting Wisdom report for 2017. If you would like the full version of this report with all of the charts just email me at [email protected] with the word 'report' in the subject line and I will send it out to you. Otherwise, keep checking in over the next few days as I post a few snippets/updates from the report.... Cheers!

15.01.2022 Aussie Market Update (30.08.19) from the XJO Daily Chart: The Aussie market made new all-time highs (6875.5) back on the 30th July by just 24 points but it’s been mainly downhill since then. The run up into the top was a gain of 1,465.3 points or 27.1% and took 148 trading days to complete. This is just 4 days more than 144 which is a Fibonacci number. Since the top the XJO has dropped 479.5 points or 7.0%. The move down has occurred much faster with it only taking 13 trading... days which also happens to be a Fibonacci number. If we confirm a top here this could be the second top in a lower Double Top reversal pattern. It would need to trade down below 6396 (the low between the two tops) to be confirmed and this would set up a target of 6191.0 which is just under where the 200 DMA (Day Moving Average) is currently. Alternately if we fill this gap and push higher we will have confirmed an Inverse Head and Shoulders (IH&S) reversal pattern setting up a target of 6806. To receive my Charting Wisdom updates direct to your inbox simply send me an email to [email protected] with the word 'subscribe' in the subject line.

14.01.2022 With gold posting major price gains in recent weeks see what I have to say about what the future may hold for gold in this article from Morningstar.

12.01.2022 Update on the US Stock Market: - It was Triple Witching in the US on Friday and new all-time highs are once again made across the S&P 500, Dow & NASDAQ. There appears to be an acceleration in these markets over the last 3 weeks, in particular, as we have seen an increase in the size of the ranges and an increase in the volume which is helping to confirm the moves up. This may have been in relation to Triple Witching as this will be the end of the year for many market partic...ipants as after this the focus swings more towards Christmas and the holidays to round the year out. I would be expecting trading and volumes to become thinner over the next few weeks and because of this it will take less than usual activity to move markets about. This is why we can see markets rally as the fund managers etc look to window dress their portfolios leading into the end of the year. This will help increase their bonuses so you can understand why the markets move this way, at this time of year. - Dow Theory shows us that we are in a Bull market when both the Dow Jones Industrials Average (DJIA) & the Dow Jones Transportation Average (DJTA) are moving in the same direction and this is what we have currently (see chart)

09.01.2022 Hi Guys ... big apologies for not posting any stock market updates of late ... there have been a few unforeseen circumstances pop up of late however I will be trying to do a brief market update during the week if I can and will post it on here if I do. While I haven't been posting on Facebook of late I have still been doing my weekly stock market report, so if you want to keep up to date (even if I'm not keeping up to date on Facebook!) just get in touch with your details a...nd I will be happy to add you to the list that gets emailed my report each week. Also, just a quick heads up that next week will be the last Charting Wisdom Stock Market report for 2017 as I will be taking a break from the report over the Christmas/New Year break. Cheers!

07.01.2022 Santa Claus Rally in 2017 - Yes or No? Seasonally we now enter a Bullish phase and if we are to get a Santa Claus rally then Friday Dec 15th was about the last date to set up the bottom from which the rally starts. This year we have not sold off like we normally do to set this rally up. If we get a rally this would indicate that it may not be as strong or as reliable as it has been in years past, so be aware of this if you are looking to trade on the back of this expected rally.

06.01.2022 With Christmas just around the corner I would like to take this opportunity to wish you and your families a very Merry Christmas and and may 2018 be a very profitable New Year for us all! Thank you all for your support this year and I trust that you have been able to extract great value out of my report and stock market updates over the year. See you again in 2018!... (image credit: pinterest)

03.01.2022 Could the NASDAQ have just topped? In my latest Charting Wisdom report, I look at the NASDAQ, which has been leading the other US markets higher since the March bottom ... and if it is leading them up then it can lead then back down again. On the chart I have drawn 2 horizontal lines. The first line runs through the top back in 2000 during the Tech Bubble and the second horizontal line is double this 2000 top (sometimes markets and stocks will find resistance at double previo...us highs especially if they were major tops). The time taken to get to the recent all-time highs has been 136 140 months which is also a little more than double (126) the 63 months from back in the Tech Bubble. So we currently have a little over double the previous top and in a little over double the time to get there. What followed the Tech Bubble was the Tech Crash which wiped out 78 83% before the bottom was found in 2003. History doesn’t repeat exactly but it does rhyme as they say and we can learn a lot from history if we study it ... so keep a close eye on the NASDAQ as that could potentially show us the next way forward with the markets. To read the full report and/or to subscribe to the Charting Wisdom reports so that you receive them first, simply contact me (Shane) at [email protected] (for those of you that don't yet know, I am now working at Sequoia Wealth Management - Phillip Capital have stepped away from the retail broking space and Sequoia has taken over).

02.01.2022 Is the Aussie market about to bounce or break? In my latest Charting Wisdom update that I sent out on Tuesday I spoke about a potential Double Top Pattern and a potential Double Bottom Pattern that could be setting up on the XJO daily chart. If you would like to receive this update report and find out more about these patterns and their potential target levels just send me, Shane, an email to [email protected] with the word 'report'' in the subject line and I will be happy to send you out a copy.

01.01.2022 Are the markets converging in on a top? Looking at the daily charts of the XJO, S&P 500, Dow Jones 30 and NASDAQ we can see that the Dow Jones topped first on the 12th of Feb followed by the S&P 500 and NASDAQ on the 19th of Feb and then the Aussie XJO on the 20th of Feb. All 4 markets bottomed on the same day - the 23rd of March. If we add 144 days to March 23 we arrive at Friday the 14th of August (see background info below for why 144 is used). ... And if we add 180 days to the top back in February (see background info below on why we use 180) we arrive at the 10th of August for the Dow, the 17th of August for the S&P 500 and NASDAQ and the 18th of August for the Aussie XJO. So not only do we have a 144 day count from the March bottom on all markets, we also have a 180 day count give or take a day from the respective February tops on all 4 markets. The more times these counts come out on or about the same time across multiple markets generally the stronger they are. Time will tell if we see a top form here very shortly or not but there is evidence in respect to time cycles that it could. Background info: - 144 is a special Fibonacci number and Fibonacci numbers can be used in time counts looking for changes in trend with calendar and/or trading days, weeks, months etc.). - There are 365.25 days in a year and there are 360 degrees in a circle. A year on Earth is based upon the Earth rotating around the Sun and it takes a little over a day per degree for this to occur as it’s not a perfect circle in its path around the Sun. Half of a circle is 180 degrees and half of a year is 182.625 days and this is the furthest we can be away from a point in time before we start heading back towards where we began. This is also when you can expect to see changes in trend in the markets. Please also note the change in my email address from [email protected] to [email protected]. If you would like to be added to my Charting Wisdom email list or if you would like to receive a free copy of my Technical Analysis ebook just email me (Shane) at the Sequoia email address listed above.

01.01.2022 What is the value of Bitcoin? I am sure you have seen your fair share in the media as Bitcoin broke above $10,000 USD for the first time back on the 29th November. So what is the value of Bitcoin? This is a question that has been asked ad nauseam by the media of the respected financial market talking heads of late. The tricky thing is, whenever something new like bitcoin or digital (crypto) currencies come along it is very difficult to 'value' in the traditional sense, as ...there is no metric they can use. So how can we workaround not knowing its 'value' so to speak? Well, if you can read a chart then you can identify where you want to buy, where you want to have your stop loss and possibly where you want to take profits, all without having to know the value of bitcoin (or anything else for that matter). We can do this because if we can read a chart then we can read human psychology as human psychology is reflected in the charts ... and human psychology is ultimately the underlying driving force of what something is worth at any one point in time... at the end of the day something is only worth what someone else is prepared to pay for it. Bitcoin and crypto’s are the perfect instruments to trade with charts and so if you are yet to learn how to read a chart, maybe now is the time to do so (2018 goal perhaps?).