They Did What?

Yes,  Gold has a bullish looking set up, and miners not only sold off, but they broke to new lows.   We will discuss that, but first lets take a look at the rest of the markets.

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NASDAQ -  The futures are up over 100 to 200 points each morning,  but the rally fades.  What to do?

NAZ 1-19

Here is the SPX ...

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Jan 16 2016 – Weekend Report

As expected, we have seen quite the sell off in the general markets.  Oil & Commodities have been selling off too. Gold , Silver , And Precious metals are holding up, but are they ready to run now, or will they sell off?  I actually spent a part of this weekend digging in to older charts and making some new ones, so lets take a look. 

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While digging into older charts, I actually found this warning chart that I posted in April of 2015,  when I said I thought we were seeing that rising wedge forming.  Also by counting the months of the Bull market, we looked to be late in the bull.   I am re-posting it because it had a logical target to me at that time. 

SPY - We topped in May 1 month later. Now drop to Test the break out?

spy-monthlySPX - We broke the Aug lows Friday and recovered. This is a failure, but we can get a solid bounce soon. Lets discuss a couple of possible scenarios .  One is a flash crash right now, the other is a believable rally that rolls over eventually. 

SPX SHORT 1-15 Read More

1-15-2016 Miner Exception To The Rule

Yesterday I saw a rather bearish development in Miners, so I immediately began doing research to see if what I was seeing was a major concern. I found something very interesting that happened in the past, and I will share that finding with you here,  but first let me review Gold here.

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 This was Gold in my last couple of reports, and I expected it to drop down and test the break out. As mentioned, Gold had a very bullish set up, and the C.O.T.remains bullish. Here is how it played out. I expected a back test.

GOLD 1-11 .

We got the back test, but Miners broke down as gold reversed higher.  And with Gold then down pre-market, would this pattern hold up?

  GOLD 1-14

This was Gold at the close Thursday.  We would like to see this triangle hold up, and so far so good.

GOLD 1-14 c

What about the Miners though?  What did I see that was concerning, and what did I find that I thought was important to share with you?

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