Recent Articles by Garrett Patten

World Indices Stretch Higher

The DAX traded modestly higher last week, making a new high on the month and stretching closer to a retest of the September high.
by Garrett Patten - 1 day ago

World Markets Round-Up: Reaching Target Resistance

International markets continued higher last week -- here is a round-up for Europe and the Americas.
by Garrett Patten - 1 month ago

DKNG, CLVS & ZYME Plus 8 Additional Charts To Watch

Our Charts of the Day video today covers 11 stocks.
by Garrett Patten - 2 months ago

DAX Showing Relative Strength

The DAX Performance Indexended marginally positive today as well, still showing relative strength compared to the Euro STOXX 50 and FTSE 100. The DAX's potential (i)-(ii) setup to the downside shown in red remains valid, but price needs to make a sustained break below the 12630 low to strongly place probabilities in favor of of red wave (iii) of c filling out. Otherwise, the alternative if the July high is exceeded remains blue wave A off the March bottom still in progress, with 13640 as the next fib resistance above.
by Garrett Patten - 2 months ago

World Markets Stretching Higher

The DAX continued to bounce last week, reaching the .786 retrace at last week’s high.
by Garrett Patten - 3 months ago

KO, MCD, NKE & More Highlighted In Our Video

Our Charts of the Day video covers Coca-Cola (KO), McDonald's (MCD), NIKE (NKE), Procter & Gamble (PG), Johnson & Johnson (JNJ), Home Depot (HD), Verizon (VZ) and Starbucks (SBUX).
by Garrett Patten - 4 months ago

No Local Tops Confirmed Yet In European Markets

The FTSE, STOXX and DAX all traded lower today, but have yet to break enough support to assume local tops in place.
by Garrett Patten - 4 months ago

World Markets: Heading For One More High?

The DAX Performance Index, FTSE 100, and Euro STOXX 50 all rebounded last week after starting off lower.
by Garrett Patten - 5 months ago

No Local Tops Just Yet for Asian Markets

The Nikkei continued higher last week, still extending in either blue wave 3 or red wave C. Without any indication of a local top struck yet, it is possible that price wants to continue toward the next fib resistance above at 23575.
by Garrett Patten - 5 months ago

Are World Markets Topping?

The odds of price extending the rally versus rolling over are quite close in the European & Asian markets we cover, but here are the breakout/breakdown levels to watch.
by Garrett Patten - 6 months ago

Market Indecisive Today - Market Analysis for Apr 16th, 2020

The market traded in a tight range today, overall maintaining within the prior trading day's range. Therefore, it has not made a decisive decision yet between the impulsive blue count or the red leading diagonal count off the March low. However, the red path does seem to have the advantage at the moment, but until price takes out the overnight low at 2746 and more importantly Monday's low at 2711 the blue path still technically has a fighting chance. It is even possible that we chop around in this range longer as red wave (b) of b before rolling over. Otherwise, a break back above the .
by Garrett Patten - 7 months ago

Odds Increasing Of Significant Bottoms in European Indices

In this weekend's World Markets round-up, we start with the European Indices, where significant bottoms may be in place, and then look at the Asia/Pacific markets.
by Garrett Patten - 7 months ago

European & Asian Indices Remain Below Last Week's High For Possible Leg Lower

The FTSE 100 Index (FTSE) curled back up slightly today, but so far remains well below last week's high.
by Garrett Patten - 8 months ago

Eyeing 4th Wave Up For European Indices

Are the FTSE 100 Index (FTSE), Euro STOXX 50 (STOXX), and DAX Performance Index (DAX) poised to turn up in a 4th wave?
by Garrett Patten - 8 months ago

World Markets: Potential for Local Tops

The DAX Performance Index and Euro STOXX 50 continued higher last week, as did the FTSE 100 until Friday's rollover, but I still see odds in favor of at least a near-term pullback.
by Garrett Patten - 9 months ago

World Markets: Eyeing Corrective Pullbacks in DAX, FTSE & Others

In the DAX, we still need to see price break below the 13360 signal support to suggest that a local top has been struck and price is beginning a corrective pullback.
by Garrett Patten - 10 months ago

Charts to Watch: FDX, CGC, CHK and more

Also covered in our Charts of the Day Video are DIS, CTL, LYFT, EEM and AMZN.
by Garrett Patten - 10 months ago

Stock Charts Video: EOG, WYNN, MMM & More

Today's Stock Waves Charts of the Day video covers EOG Resources, Inc. (EOG), Wynn Resorts, Limited (WYNN), 3M Company (MMM), General Electric Company (GE) and Netflix, Inc. (NFLX).
by Garrett Patten - 1 year ago

Inside Week So Far

The market continued modestly higher today, fulfilling the minimum expected upside at 3003 on the S&P 500 but otherwise not yet making a new high above the high made last week.
by Garrett Patten - 1 year ago

Bears On The Rope But Still Have Opportunity To Put Up A Fight

Price is once again pushing our bearish setup to the edge, similar to the move into the September high that held marginally below the July high.
by Garrett Patten - 1 year ago

Eye on Oil & Gas Stocks

With the attack in Saudi Arabia over the weekend which caused a surge in oil prices and carried over today into oil and gas stocks, I thought it would be a good time to revisit some of these stocks.
by Garrett Patten - 1 year ago

Video Chart Analysis on MS, GS, WFC and BRK.B

Today's Stock Waves Charts of the Day video examines financial stocks Morgan Stanley (MS), Goldman Sachs (GS), and Wells Fargo (WFC) as well as Berkshire Hathaway (BRK.B).
by Garrett Patten - 1 year ago

Stock Charts Video: AMZN, NFLX, BA & BABA

Our Stock Waves Charts of the Day video features Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX), The Boeing Company (BA), and Alibaba Group Holding Limited (BABA).
by Garrett Patten - 1 year ago

Asian Markets Round-Up

Charts and wave counts on the Nikkei, Shanghai, Hang Seng, Nifty and ASX.
by Garrett Patten - 1 year ago

Video Chart Analysis on PE, ANTM, TMO, and PG

Our Stock Waves Charts of the Day video covers Philip Morris International Inc. (PM), Anthem, Inc. (ANTM), Thermo Fisher Scientific Inc. (TMO) and The Procter & Gamble Company (PG).
by Garrett Patten - 1 year ago