Are They Peaking or Peeking?

/97 Comments/in /by

Is what Peeking or peaking?  Let's start with the USD-

.

The USD was rejected at the 10 & 50 sma last week, but it is in the timing area for a bounce.

Read More

JAN 20 – The SET UPS

/119 Comments/in /by

The weekend report discusses the current set ups in various sectors, with a bit more focus on the precious metals sector.

.

SPX WKLY -  I'm not saying that the General markets cannot go higher, this riding along the upper wedge can continue, but this wedge does tell me that I should expect a pull back sooner or later.  We'll continue to monitor that as it plays out.

Remember that I mentioned this last week too...

Read More

Friday Jan 20th- Think About This

/95 Comments/in /by

I wanted to start the Friday report by looking at the HUI in the year 2000, as it began to rise out of the bear market lows.  We will also discuss a few other things pertaining to the Mining sector, including GDX and its current run higher.

 

HUI 2000 - This run higher was so smooth and predictable. Notice how it found support and resistance repeatedly around the 50 & 200sma. This was a very smooth run.

Now I want to direct your attention to Gold at that time...

Read More