Archive for category: Premium

Sometimes when we are looking out over the horizon, we see what looks like a storm rolling in.  Basically there is nothing that you can do, except to be prepared. It is normal to wonder, "Will the winds of change do a lot of damage?"  "Will they just be a moment of unsettled turbulence with minimal damage?"  "Will we have to pick up an abundance of scattered debris, or will this just pass by?"

We have been taking positions in the Precious Metals markets, so this storm may be just like riding the rapids for most of us,  if things do not change by the morning. The General Markets, on the other hand,  are taking a good hit tonight for those trading in that area. We just have to watch how things settle after the storm surge passes.  Let me show you why...

Welcome to the weekend report. It is another long report with roughly 30 charts, to build up your confidence. So grab your coffee and lets get right to the charts!

SPX - I have been expecting this dip and my target area shown here has been met. Do we see signs of a bottom?

SPX - Yes, this is a gravestone doji sitting on the 200sma. This could be the dcl, because the ' cycle-timing' is right. We wait for a swing low and confirmation before entering, since it can drop below the 200sma as a shake out.  Look at the selling here, 9 straight days of red high volume. THAT will change sentiment from Bullish to " I dont want to be long".  We may get  post election rally no matter who wins, and everyone will then say , " SO & SO won, and that was good news to the markets."

We go into a Fed Day knowing that there will be volatility. It doesn't matter what my expectations are longterm, the short term volatility can be difficult for many. That's why I wrote this on Wednesday morning before the Fed release when asked about Gold ( and miners)...

We had a huge weekend report, and so what possibly could be said only 1 day later? Well, I have 14 charts in this report to help us to take a closer look at things, because this is a Fed Week.  To the charts...

SPX - I want to say that there is no change from my expectations over the past several weeks. We didn't go long or short, because these sideways markets can just waste time and chop up funds. We are due for a dcl ( possible ICL) , so I do expect a bit more of a drop to a new low, not a move higher yet.  We have Fed Wednesday ahead.

Well, you know the story. I don't usually plan on doing a Friday report. Thursdays report can usually cover what could happen on both Thursday and Friday.  We are specifically focused on Gold  & Miners , so we should discuss that area a bit before the weekend. Let's start with the $USD.

USD Oct 26 - Would the dollar drop into its Daily Cycle Low, or would the 10sma act as suppport? It is overdue to dip down.

USD Oct 27 - It DID use the 10sma as support so far. This Daily cycle rise is longer than normal.