Gold •171 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 936.40 | +12.90 | +1.40% | |
WTI Crude •1 day | 69.46 | +0.08 | +0.12% | |
Gasoline •1 day | 1.942 | +0.019 | +0.98% | |
Ethanol •171 days | 2.161 | +0.000 | +0.00% | |
Silver •171 days | 30.82 | +1.16 | +3.92% |
Silver • 171 days | 30.82 | +1.16 | +3.92% | ||
Copper • 171 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 1 day | 72.94 | +0.06 | +0.08% | ||
Natural Gas • 1 day | 3.748 | +0.164 | +4.58% | ||
Heating Oil • 1 day | 2.232 | -0.006 | -0.27% |
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).
THE INTERMEDIATE UP TREND HAS BEEN REACTIVATED SPX achieved a surprising bullish week. The white large Hallow candlestick (Price is back above both the 20…
I EXPECT A RELIEF PULLBACK A possible concluded TZZ coming together with extended technical indicators are suggesting the likelihood of a "relief" pullback which is…
BULLS ARE REGAINING THE UPPERHAND A sudden improvement of key geopolitical risk, good numbers from China and the belief of a light tapering have switched…
I EXPECT MORE UPSIDE BUT A LOWER HIGH SPX ended the week with a Harami candlestick which strengthens the probability that the down leg from…
MOMENTUM AND BREADTH ARE HOLDING THE KEY Visible improvement of: The McClellan Oscillator: Positive Divergence + yesterday's eod print above the Zero line. Daily momentum…
ONE MORE DOWN LEG SHOULD COMPLETE A DOUBLE ZIG ZAG The month of May has concluded with a Dark Cloud Cover candlestick. This candlestick has…
I DON'T EXPECT A MAJOR DECLINE The overall trend is up but market breadth and weekly momentum are suggesting that from the August peak a…
SPX UPDATE OF THE LONG TERM COUNT: TRIPLE ZIG ZAG WAVE (X) Before I leave for the summer holidays I wanted to review the Long-Term…
MR. BERNANKE AMPLIFIES HIS EFFORTS TO HELP THE EQUITY BULLS So far we have a weekly Spinning Top, which is suggesting a slow down in…
A PULLBACK IS OVERDUE Just a brief update. Price is approaching the May 22 high. It is obvious that this move is extended hence the…
BULLS HAVE DONE A GREAT JOB. THEY HAVE BROUGHT ABOUT THE BOAT WHEN THEY SAW THE STORM APPROACHING Last Wednesday I entitled the post with…
MARKET BREADTH SUPPORTS THE RESUMPTION OF THE INTERMEDIATE UP TREND HOWEVER EW WISE THE PATTERN IS SUGGESTING A LARGER CORRECTION. The Summation index has issued…
THE SHORT-TERM PATTERN REMAINS BULLISH The failed attempts to overtake the 50 dma could spell troubles for the bulls (Short term time frame) in spite…
THE RISK OF A LARGER DOWNWARD CORRECTION REMAINS ELEVATED Despite the McClellan Oscillator has been exceptionally positive since the June 24 low, we have a…
THE TREND REMAINS DOWN OR SIDEWAYS The month of June ended with a Doji candlestick, with price recovering from a drop below 1576 (Former resistance…
I REMAIN SCHEPTICAL BUT GOOD THINGS CAN HAPPEN WHEN THE MCCLELLAN OSCILLATOR IS ABOVE THE ZERO LINE I remain sceptical that price has already established…
I DISTRUST "V" BOTTOMS The EWP from the May 22 high is corrective therefore the intermediate trend is not in danger of being reversed. I…
I EXPECT A LARGER OVERSOLD BOUNCE I don't have much new to say today so this is just a brief update. I maintain the scenario…
WATCHING THE BOND MARKET FOR CLUES Despite the reasons discussed in my last weekly update instead of a larger rebound more weakness persisted. With the…
NO CHANGE - THE PATTERN IS CORRECTIVE BUT NOT OVER. THE BEARISH CROSS OF THE WEEKLY MACD SUGGESTS FURTHER WEAKNESS AHEAD. Given the internal structure…