Tag Archives: gld

Dow 20000. Gold at ??

Posted on Jan 09, 2017 by .

0

0106spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

The most natural thing in the world is for the market to balk at important symbolic numbers.  Thus the major indices are balking at the  present major step–Dow 20000, and a commensurate number in the S&P (more or less 2300 + or -).  The S&P has been even more balky because of its inclusion of several sectors the Dow ignores — health care, etc.    We added on a very small position, while recognizing it as a rank speculation.  More rational investors will not add on or go all in until the upper trendline is violated.

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Vexed VIX….hexed gold…

Posted on Jun 18, 2016 by .

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0617vix

http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=3&dy=0&id=p61658225390

In five days the VIX exploded more than 50%, from below 13 to above 21.  Turbulence of this sort generally presages  more unpleasantness for those who are not hedged, or unprepared.  What does it mean –?  In this bizarre and strange year with massacres, the British coming or going with assassination of parlamentarians, topped off by the cherry on the sundae of Trump anything could be true.

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Waiting.

Posted on May 05, 2016 by .

0

0504spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

We are in limbo at the moment — inevitable limbo.  Up wave is followed by down wave or side wave.  This principle is as important as the principle of higher highs and higher lows.  This means that traders and investors should be holding their fire, as one never knows how serious the counter wave will be.  Another of our principles–that buys should be made on strength.  In this case the trigger is 2111.

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Breaking Away…

Posted on Mar 06, 2016 by .

0

0304gld

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p60546422961&a=255869372

Gold has convincingly broken out of its triangle.  We remain skeptics, but you can’t fight the chart staring you in the face and the markets haven’t got the zika virus out of their system  so look for a profitable but not long lasting trade.

0304spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464

0304spxpnf

http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRRO[PA][D][F1!3!!!2!20]

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