Gold •162 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 938.50 | -2.20 | -0.23% | |
WTI Crude •10 mins | 70.12 | +0.10 | +0.14% | |
Gasoline •10 mins | 1.990 | +0.001 | +0.06% | |
Ethanol •162 days | 2.161 | +0.000 | +0.00% | |
Silver •162 days | 30.82 | +1.16 | +3.92% |
Silver • 162 days | 30.82 | +1.16 | +3.92% | ||
Copper • 162 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 73.49 | +0.08 | +0.11% | ||
Natural Gas • 10 mins | 3.456 | +0.001 | +0.03% | ||
Heating Oil • 11 mins | 2.241 | +0.005 | +0.21% |
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).
I begin today's brief technical update with a look at the EUR, which is down 7 out of the last 8 trading days. Yesterday it…
Yesterday price finally took the unavoidable route that momentum and breadth indicators were suggesting. Sell stops were triggered once market participants realized that 1450 was…
As I have mentioned several times last week, the internal structure of the pullback "per se" does not offer enough confidence that a reversal is…
All week long I have been suggesting that probability that SPX on September 14 has established the top of the up leg from the June…
During this week I have been clearly shifting my bias to the bearish side. Major Reasons: A potential complete EW count off the June 4…
Today I don't have much to say. During this week I have been discussing my preferred short-term scenario so I will keep it short. The…
The "evidence" => corrective internal structure of the pullback from last Friday's top could be suggesting immediate higher levels BUT given: The overbought readings of…
Yesterday SPX had a choppy session to the down side. Absence of impulsive action but maybe it was not an uneventful day. Last Friday I…
This is a brief follow up "grounded" on my last update of the long-term count posted on Sunday (Sep 9). As a reminder I am…
As I mentioned last week I have been reassessing my long term preferred EW count. I have to admit that I was not expecting this…
Yesterday with the FED announcement of an open ended $ 2 billion a day purchase ($ 40 billion x month), Mr. Bernanke should have triggered…
Again today I don't have much "new" to say regarding the short-term scenario. The FED announcement due at 12:30 et will "determine" if price will…
I don't have much to add regarding my short-term scenario of SPX. Yesterday price action does not suggest that the move off the June 4…
In the last weekend technical update I have discussed why I am "enlisting" an alternative long-term count, which would resolve the issue of the resumption…
Lets begin with a chart dating back to April 1979. Don't ask me to label it because I am clueless BUT I can say the…
For a long time I have been maintaining the following "Big picture road map": From the 2000 top price is tracing a corrective pattern named…
The Bollinger Band set up + the converging internal structure of the pullback off the August 21 high resulted in a "ferocious" break out. The…
Tomorrow we have a major event risk: ECB will announce/implement decisions. Some of the news should already be priced in but, if the current resistance…
Absolutely I cannot change my short-term scenario. The Internal corrective price structure of the pullback off the August 21 high is strongly suggesting that price…
Since I would like that the weekly technical review should not be a boring analysis I am not going to repeat every week my preferred…