Gold •66 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 918.70 | -11.60 | -1.25% | |
WTI Crude •1 day | 67.67 | -1.48 | -2.14% | |
Gasoline •1 day | 1.896 | -0.030 | -1.55% | |
Ethanol •66 days | 2.161 | +0.000 | +0.00% | |
Silver •66 days | 30.82 | +1.16 | +3.92% |
Silver • 66 days | 30.82 | +1.16 | +3.92% | ||
Copper • 66 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 1 day | 71.06 | -1.63 | -2.24% | ||
Natural Gas • 1 day | 2.275 | +0.021 | +0.93% | ||
Heating Oil • 1 day | 2.115 | -0.054 | -2.49% |
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).
Like every weekend update I begin the analysis with the SPX monthly chart, where I have labeled my long term "map". The synthesis is: Double…
A mixed start with price even unfolding a potential reversal pattern was suddenly reversed with a solid follow-through pushing price above the 1392.76 pivot resistance…
I maintain my SPX medium-term scenario that calls for a correction phase that will retrace a portion of the 3 -wave EWP off the October…
Yesterday I expressed my concern that SPX's corrective counter trend move from the April 10 low was not over, since in both upward and downward…
As I mentioned in my last weekend update SPX short-term price action is clearly bearish: "It does not happen so often to have a "crystal…
I maintain my SPX bullish scenario for the Long Term Trend and bearish one for the Short Term Trend. Long Term Trend: As discussed several…
Thanks God it is Friday, I am looking forward to "shelve" a boring week. Hopefully next week price will finally put an end to this…
SPX short-term price action: I cannot modify my preferred short-term scenario. The EWP from the April 2 peak unquestionably calls for at least one more…
SPX short-term price action: I maintain what I mentioned yesterday: "I am expecting another down leg, a wave (C), off the April 2 peak that…
As discussed: I have a bullish bias for the long-term EWP: Price is tracing the wave (X) off the November 2008 low. The wave (X)…
Today I don't have many "fancy" ideas to share so I will keep it very short. Wednesday's Harami was suggesting more follow-throughs to the upside,…
I don't have much new to say today. Yesterday I suggested that given the extreme oversold reading reached by the McClellan Oscillator on Tuesday, and…
Despite being oversold, yesterday SPX "knuckled under" the selling pressure from the opening to the closing bell and was not able to hold above neither…
Yesterday's price action has officially confirmed that the trend is now down. The effects of the main idea/road map that I am following have been…
Last week was a bit unusual since despite the equity markets were closed on Friday we had the NFP release with only the Stock Futures…
I have a confident view regarding the SPX long-term time frame scenario, which calls for a wave (X) in progress from the November 08 lows.…
Due to Monday's rally induced by Bernanke, the SPX impulsive up leg off the November lows which was at risk of being completed; the door…
Yesterday Mr Bernanke has made quite clear that he wants a lower USD and a higher equity market. Since I don't believe in miracles the…
Reminder of SPX potential long-term count: I have always been considering that from the 2000 top price is unfolding a large Double Zig Zag =…
3 down days in a row have deteriorated breadth and momentum indicators. Yesterday I mentioned that technical indicators were rolling down, today, in addition to…