Blog Posts - Divergence



Gold and Silver charts: bulls sent packing by fierce bear onslaughts

Gold chart patternThe daily bar chart pattern of Gold shows a severe one way fall due to relentless selling by bears ever since Trump unexpectedly won the US Presidential election.Gold's price dropped to an 11 months low of 1125 before bouncing up to...

S&P 500 and FTSE 100 charts (Dec 16 '16): bulls pause to catch their breath

S&P 500 index chart patternThe following remarks appeared in last week's post on the daily bar chart pattern of S&P 500: "... all three daily technical indicators are inside their overbought zones. Another corrective move may be in the o...

WTI and Brent Crude Oil charts: bulls run amok as OPEC and non-OPEC countries agree to cut crude production from Jan '17

WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil had formed a 'reversal day' bar (higher high, lower close) on Nov 22. That triggered a correction below all three EMAs into bear territory.On Nov 30, oil's price bounced up wit...

S&P 500 and FTSE 100 charts (Dec 09 '16): bulls rule once again

S&P 500 index chart patternThe following were the concluding comments in last week's post on the daily bar chart pattern of S&P 500: "Some more correction to test support from the rising 20 day EMA can't be ruled out. However, the index shoul...

Gold and Silver charts: bears continue to rule

Gold chart patternTrump's election win and the subsequent strengthening of the US Dollar, and oversold technical indicators had led to the following comment in the previous post on the daily bar chart pattern of Gold: "Any technical bounce towards 12...

S&P 500 and FTSE 100 charts (Dec 02 '16): brief corrections find some support

S&P 500 index chart patternFormation of a 'rising wedge' pattern and overbought technical indicators in last week's post on the daily bar chart pattern of S&P 500 triggered a small correction.Note that after the break out and close below the...

Is this a good time to enter SBI stock? - a technical update

The previous technical update to the stock chart pattern of State Bank of India (posted on Apr 2013) contained a bearish view for the following two reasons:(1) formation of a head-and-shoulders reversal pattern with a downward target of 155 (adjusted...

BSE Sensex and NSE Nifty charts (Sep 02, 2016): bulls regain control

Bulls regained control during the week's trading as FIIs and DIIs combined forces. Their total net buying in equities was worth Rs 3250 Crores, as per provisional figures. DII's bought shares worth nearly Rs 1800 Crores; FIIs bought shares worth...

Nifty chart: a midweek technical update (Aug 31 '16)

After last week's selling (probably on concerns of an interest rate hike by the US Fed), FIIs have been net buyers of equity this week - worth Rs 1530 Crores. As per provisional figures, DIIs joined the buying spree with net buying worth Rs 1350 Cror...

S&P 500 and FTSE 100 charts (Aug 19 '16): post-Brexit bull rallies take a pause

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 continued with its previous week's sideways consolidation - touching a new high of 2194 on Mon. Aug 15 and a low of 2168 on Wed. Aug 17 before closing flat for the week.The ris...

S&P 500 and FTSE 100 charts (Aug 12 '16): bulls take total control

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 consolidated within a narrow range during the week - touching a low of 2172 on Aug 10 and a new lifetime high of 2188 the following day.Though the index barely gained a po...

BSE Sensex and NSE Nifty charts (Aug 12, 2016): bulls and bears fight each other to a standstill

Bulls (i.e. FIIs) and bears (i.e. DIIs) fought each other to a standstill during the week. FIIs were net buyers of equity worth Rs 3525 Crores; DIIs were net sellers of equity worth almost Rs 3250 Crores, as per provisional figures.On a weekly closin...

Nifty chart: a midweek technical update (Aug 10 '16)

RBI Governor kept interest rates unchanged, as was widely expected by economists and analysts. Dr Rajan's policies have kept inflation under control, helped to clean up balance sheets of PSU banks and put the economy back on the growth track.Governme...

S&P 500 and FTSE 100 charts (Aug 05 '16): rise to lifetime highs

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 broke downwards from the previous two weeks' consolidation zone to touch a low of 2148 on Aug 2, but bounced up after receiving good support from its rising 20 day EMA.Str...

BSE Sensex and NSE Nifty charts (Jul 29, 2016): bulls outmanoeuver bears

FIIs were net buyers of equity during Jul '16. Their net buying for the month totalled Rs 10,100 Crores, which exceeded their combined net buying during Apr-Jun '16. DIIs were net sellers of equity worth Rs 6050 Crores, as per provisional figures.Sen...

Nifty chart: a midweek technical update (Jul 27 '16)

FIIs have been on a buying frenzy during F&O expiry week. Their net buying in equities crossed Rs 1950 Crores in 3 days, as per provisional figures. DIIs were net sellers of equity worth Rs 640 Crores.Nifty broke out upwards from a consolidation...

WTI and Brent Crude Oil charts: slip back into bear territories

WTI Crude Oil chartThe following remarks were made in the previous post on the daily bar chart pattern of WTI Crude Oil: "Daily technical indicators are in bearish zones and showing downward momentum - suggesting a possible break below the 200 day EM...

S&P 500 and FTSE 100 charts (Jul 15 '16) - bulls make merry after casting aside BrExit fears

S&P 500 index chartThe daily bar chart pattern of S&P 500 brushed aside all bearish concerns and climbed to touch a lifetime high of 2169 on Fri. Jul 15, but formed a small 'reversal day' bar that can temporarily halt the bullish surge.N...

BSE Sensex and NSE Nifty charts (Jul 15, 2016): bearish patterns may trigger corrections

FIIs were net buyers of equity worth almost Rs 3900 Crores during the week - slightly less than their entire net buying during Jun '16. As per provisional figures, DIIs were net sellers of equity worth Rs 3050 Crores - more than their entire net...

The Perils of Plant Monogamy

Biology concepts – pollination, single pollinator, co-evolution, co-divergenceWhat’s bugging her, it’s supposed to be a party!Imagine the best party of the year – it’s cold outside, but hot inside. The food is great, all your friends are th...
by As Many Exceptions As Rules on Jul 13, 2016


Trending Topics

Close