The Good News First

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August 4 2014 -   Well, after looking at the weekly charts of Metals, Miners and the $USD...I would say that the Good News is that we can expect a Bounce In $Gold & Miners short term,  but does that mean there's Bad News Too?   To the Charts!   The $USD has had a nice run, it is a bit extended now.   Using both daily cycles timing and Tech Analysis, I think it is due for a rest.   $USD AND GOLD 2You can also see from that chart above in the middle column that a wedge has formed in Gold...so what does this indicate?   Read More

MIXED SIGNALS

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AUG 1 2014 -  First off , There has been a lot going daily this week in my personal life, my friends son was in a severe accident and a few other things have kept me busy, so I have not been in front of the screen as much as usual this week.   That said,  I haven't Tweeted & Posted as often as usual so I wanted to  Quickly just throw out some brief Charts & Thoughts  since it got a little CRAZY after the Fed Mtg.   SPX - It was DUE for a pullback using cycles and Technical analysis, but you can never tell how much or how fast.  This COULD get serious - but as I mentioned, there were signs that it was coming.  The VIX, $CPCE, Internals , and of course PRICE PATTERNS  showed we were due.  See the daily & weekly below.   SPX WEELY - Overbought RSI WEEKLY & it hit the Top of the channel $SPX weekly   The SPX DAILY also showed that it was ready for a pullback (Note the Rising Wedge - MACD , RSI, and Orange arrow) ...   Read More

Its a Tiny Bit of a Bull here

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July 26  Weekend thoughts     Well, after the final day of the week, I would say that the reversal in the Metals Mkts Friday  into the close grew a tiny bit more like a Bull.   A baby bull.  It APPEARS to be a bullish reversal, but there are still some cautionary notes and things to watch for....lets have a look.   GOLD -  At this point it looks like it is playing out exactly as I mentioned in my last 3 write ups.  A Bullhorn formed, a run of the stops below $1292, bounced off of the 200sma...a reversal.   GOLD July 25 bullhorn   Perfect right?  Well...caution remains because there are other factors to consider...   Read More