You are here: Home1 / Public Blog Most people realize that you can't solve a puzzle by forcing together pieces that dont fit. As time goes by, however, various pieces do come together, and the big picture becomes clearer. That may be happening now, so lets look at some of the pieces of this big picture puzzle.
SPX WKLY- I had pointed out a bearish rising wedge forming in the SPX since last spring & last summer. After a break down this summer and back test, we had further selling as 2016 began. Is it done?
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$RUT - The TRAN and RUT look to be starting lower highs and lower lows. We could get a bounce soon, but you can see that with further selling this could easily drop to the 800 area.
Might a falling market help Miners, or do they all fall together?
Read MoreThe Precious Metals markets have been tricky lately, selling off to new lows day after day. There were clues along the way that were foretelling the big move that we see today. You can read my last report here under the public blog to see what I was looking at and expecting. This update will give add recent charts used in this weeks reports.
GOLD DEC 2 - Prices kept hitting new lows, but the Miners were staying above their 10sma. I was pointing out that the rising MACD and the C.O.T. report were actually just a couple of the Bullish signs indicating that soon Gold & Silver should rally higher.
This is the GLD today
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