JANUARY 2017 – WHAT TIME IS IT?

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It's time to see what 2017 has to offer us as traders and investors!

We've started the new year and trading has already been very exciting in various sectors that we at Chartfreak have been looking into.  So 'What time is it?'  It's also time to get on board and make some money in a variety of bullish set ups that are appearing in the markets!  This is a glimpse what we have been looking at lately.

 

GOLD - I love deep sell offs, because they can lead to strong bounces or recovery.  We were waiting for a close above the 10sma. Some Miners bottomed first, but Gold needed to close above the 10sma to start a bullish move higher.

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Precious Metals – Alive Or Dead?

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Precious Metals - Alive Or Dead

I see a lot of people have started absolutely hating Precious Metals and Miners in recent weeks, and that is understandable.  Gold, Silver, and the Miners have taken a dive, especially since the recent Election results in the U.S.  They cannot seem to catch a bid, and each reversal just doesn't seem to stick, even though Oil and Metals like Steel, Aluminum, and Copper rocketed higher. 

We have to ask: Is the Bull dead or Alive in this sector?

 

Here at Chartfreak, we have been discussing this extensively throughout the past several weeks.  I'd like to open up a portion of the weekend report from Dec 4th, along with a few charts from earlier reports, to show how we have been monitoring these areas.  Enjoy.

As of Nov 18th,  GDX was already at an important Fib retracement of 61.8%, so we looked for the sell off to stop in this area.

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RECALCULATING ROUTE

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Have you ever been driving along using your GPS and you decide that maybe you're going to take a short cut to your destination?  The GPS detects that you have left the designated course and immediately needs to compensate by announcing, "Recalculating Route!".  Well last week sectors of the markets took sharp detours right after the elections. Using over 50 charts, this weekend report will discuss the road we find ourselves on now.

 

SPX - Nov 1st , Expecting a trade-able  ICL, maybe in the 2070 area.

 

spx-10-31

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