Gold •141 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 967.30 | -3.20 | -0.33% | |
WTI Crude •10 mins | 69.64 | -0.46 | -0.66% | |
Gasoline •10 mins | 2.046 | -0.014 | -0.67% | |
Ethanol •141 days | 2.161 | +0.000 | +0.00% | |
Silver •141 days | 30.82 | +1.16 | +3.92% |
Silver • 141 days | 30.82 | +1.16 | +3.92% | ||
Copper • 141 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 73.80 | -0.43 | -0.58% | ||
Natural Gas • 10 mins | 3.258 | -0.081 | -2.43% | ||
Heating Oil • 13 mins | 2.258 | -0.017 | -0.73% |
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).
BEARS NEED A CATALYIST Recently daily updates are getting boring to write and I guess as well for you to read them. I have been…
NEXT WEEK I EXPECT THE BEGINNING OF A PULLBACK In all honesty Thursday's bearish set up (Daily Harami candlestick) was a feeble one due to…
HARAMI IS SUGGESTING A POTENTIAL REVERSAL We finally have a change of behaviour: "Bearish" Harami candlestick ===> it suggests a sudden deterioration of the strength…
NO CHANGE: I MAINTAIN THE CALL OF A SHORT-TERM PAUSE This is madness but the fact of the matter is that despite extreme overbought readings…
I MAINTAIN THE CALL OF A SHORT-TERM PAUSE Yesterday I mentioned that the "ending wave" of an EWP has to be impulsive or it must…
NEGATIVE DIVERGENCES ARE SUGGESTING THAT A SHORT TERM TOP IS APPROACHING In my opinion the forthcoming pullback will not jeopardize the not yet finished EWP…
I MODIFY THE LONG TERM COUNT ===> TRIPLE ZIG ZAG In my last update, on February 18, I discussed several options: http://www.thewavetrading.com/2013/02/18/dax-index-follow-up-of-the-long-term-ewp/ My preferred option…
ANOTHER UNSHAKABLE WEEKLY BULLISH PERFORMANCE Going forward I will not publish on a regular basis the weekly technical analysis since during the weekends I want…
HARAMI CANDLESTICK Yesterday SPX ended the day with a Harami candlestick. A Harami, if it appears in an extended up move, can be considered a…
ANOTHER DAY ANOTHER NEW ALL TIME HIGH Despite short term technical indicators remain overbought buyers are disrespectful that bulls cannot maintain for much longer winning…
TECHNICALS ARE GETTING EXTENDED I maintain the two potential counts for the advance from the November lows: Option 1: Triple Zig Zag. If this is…
BULLS HAVE REGAINED THE CONTROL After four consecutive failed attempts of breaking above the April 11 peak at 1597 (Probably on Friday there were trillions…
THE MCCLELLAN OSCILLATOR REMAINS WITH A SELL SIGNAL IN PLAY Despite the Ending Diagonal did not pan out sine once again buyers jumped on and…
I MAINTAIN THE CALL OF A SHORT-TERM PAUSE The month of April ends with a monthly Hanging Man. This is a potential bearish candlestick if…
APPROACHING A SHORT-TERM PAUSE The attempt of a larger pullback has not materialized. (In my last weekend update I was suggesting as a likely scenario…
CONFLICTING SIGNALS: STRONG BREADTH vs WEAK MOMENTUM 1. Weekly momentum indicators are suggesting that the advance from the November low should be over: The RSI…
AMBIGUITY The outcome of the pattern is uncertain Momentum and breadth indicators are suggesting that price has not completed the advance form the November lows…
KEY TIME Yesterday we got the expected small range body, a text book Gravestone Doji, with the high of the day almost at the 0.786…
BEARS ARE CORNERED. THE REVERSAL COULD BE POSTPONED If the investor behaviour is to buy with bad news, having the knowledge that Central Bankers are…
WAITING FOR THE LOWER HIGH I don't change my preferred short-term scenario. This rebound is corrective (Countertrend) therefore it is bound to establish a lower…