Gold •92 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 1,015.30 | +9.70 | +0.96% | |
WTI Crude •10 mins | 73.65 | -0.06 | -0.08% | |
Gasoline •11 mins | 2.091 | -0.002 | -0.08% | |
Ethanol •92 days | 2.161 | +0.000 | +0.00% | |
Silver •92 days | 30.82 | +1.16 | +3.92% |
Silver • 92 days | 30.82 | +1.16 | +3.92% | ||
Copper • 92 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 77.53 | -0.09 | -0.12% | ||
Natural Gas • 10 mins | 2.964 | -0.006 | -0.20% | ||
Heating Oil • 13 mins | 2.295 | +0.001 | +0.03% |
Contributor since: 25 Sep 2011
My goal is to establish the most likely path that the price of a particular asset will undertake and profit through ETF instruments both on the long and short side and mainly with leveraged ones (2 x and 3 x).
A DOWNWARD CORRECTIVE PHASE HASE BEEN KICKED OFF If you are a reader of my site you already know that in my opinion the current…
BULLS HAVE TO DEFEND THE 50 DMA Disappointing reaction to yesterday's FOMC announcements but given the lack of a terminal pattern in the bounce off…
THE MOST LIKELY SCENARIO REMAINS A ZIG ZAG DOWN. BUT BERNANKE CAN DERAIL THE PATTERN. Today is FOMC day, Bernanke's comments pro money printing or…
BE READY FOR A VOLATILE WEEK SPX remains vulnerable of embarking in a larger corrective pattern, without endangering the intermediate trend, with a Zig Zag…
THE PATTERN IS CORRECTIVE BUT IT COULD HAVE MORE BUSINESS TO THE DOWNSIDE FED Tapering fears will probably maintain price in a sideways pattern ahead…
SUPPORT IS HOLDING So far the trend line in force since the November low and the 50 dma is withstanding the selling pressure maintaining alive…
I HAVE UNDERSTIMATED THE SCENARIO OF A DEEPER CORRECTION My preferred scenario, which was calling for an incomplete EWP of the advance from the November…
BULLS HAVE LOST AN OPPORTUNITY The intermediate trend remains bullish (The Advance off the November low is not over yet), but the corrective EWP from…
BULLS HAVE REGAINED THE UPPERHAND. A NEW ALL TIME HIGH IS PROBABLE BUT I DON'T EXPECT A MAJOR BREAK OUT. Today I fill sick so…
BULLS HAVE THE OPPORTUNITY TO KNOCK DOWN THE BEARS Today we have the major NFP risk event. It seems that bulls want a below consensus…
THREE MAJOR EVENT RISKS ARE UPON US Going forward how price reacts to three major event risks will dictate over the resumption of the intermediate…
NO CHANGE - THE PATTERN IS CORRECTIVE BUT NOT OVER The daily swings that we are recently witnessing are frustrating since it is tough to…
THE PULLBACK IS NOT OVER Yesterday SPX breached the support located at 1626.74 but ended the day in a positive note leaving in the daily…
BEARS ARE MAKING PROGRESS - I EXPECT FURTHER CORRECTIVE PRICE ACTION My suspicion regarding the triangle formation proved to be right. On Friday bears have…
TOO MANY EYES ARE WATCHING THE TRIANGLE Today I don't have much to add to what have been discussing since my last weekly update. I…
TRIANGLE OR HEAD AND SHOULDER Today just a brief update, the short-term outcome depends on two clear patterns. Lets see which one is the "winner".…
BULLS ARE LOSING THE UPPERHAND Yesterday the market followed the script of the always-bullish Tuesday (20 consecutive Tuesdays gains), but despite the large gap up…
DOWNWARD OR CONTRACTING CORRECTION? Last week Bernanke's Testimony and the FED minutes have been the catalysts that have kicked off the overdue correction. I rule…
THE PULLBACK IS UNDERWAY Preamble of my preferred scenario ====> the current pullback does not belong to a "major" reversal pattern; instead I expect just…
TODAY THE BULLISH MARKET BEHAVIOUR CAN BE TEMTPORARLY SUSPENDED Today we have two key risk events that may trigger the overdue equity pullback (Bernanke testimony…