Blog

TESLA READY FOR NEXT PUSH HIGHER    Looking for a pullback to 303-305 to add and you could start at 310.50.   Key resistance is at 373 and 404 and 414 short-term.  Larger targets weeks and months out suggest 461 and 537.  The market is fine as long as 250 holds. We may consider adding at […]

CRUDE OIL AND ENERGY ETFS GIVING BUY SIGNAL (10/31)  We had a cycle low today and overnight we hit a minor breakout out number and that may open a chance for 7175 into Sunday  Geopolitical cycles are complex into Sunday night and there are concerns about Lebanese fuel depots being targeting and pre-emtive strikes against […]

TECH STOCKS FAILING–WHAT’S NEXT?    NQ 100 futures took out 20200 intraday to issue a sell signal and project r19769 and 19655.  Cluster cycles still seem weak into Friday and Sunday so a deeper break is coming.  Key Megacaps have also completed some key patterns with NVDA stalling at 144 and  MSFT even failing to […]

WHAT’S AHEAD FOR GOLD? (10/21)  Gold hit 2755 overnight. The extended target is 2788 and 2800 will easily come in.   Not likely to take out 2688 on pullbacks.   The pullback in November could go to max 2480 but that may be asking too much.  .   There are patterns that would allow 2800 and we have […]

S & P Patterns Still Suggest More Upside S & P cash got to 5732 overnight and is closer to the highs of the continuous session. NQ is staying above the key 20200 region. If the market is healthy and higher on schedule today, resistance is first at 5772 and 5787 and above there to […]

A PAUSE IN THE ACTION–PULLBACKS COMING FOR STOCKS AND METALS Markets are getting stretched out  Silver has an upper pattern completion at 3303 and  Dec. gold at 2678 or max 2694.  Patterns suggest that we could start a 7 week pullback in gold to 2440 and on silver to 2850.  Its hard being short with […]

STOCK MARKET AFTER THE RATE CUT–WHAT’S NEXT? We did not expect a 50 bps cut and that did not allow a pullback. We have been pushing upper targets of  at least  5860 on S & P cash  since last Sunday for the long-term focus and that could extend to 6000.    Many markets are harder […]

FUTURE OF NQ AND TECH? NQ is bouncing and futures will probably stall near 18862 and pullback a 200 points today. If you want to gamble on the debate on CPI for Wednesday, NQ is poised to get up to 19400 before the next setback. That is a countertrend trade as new lows will come […]

Gold is Far From Done to the Upside with Current Run Geopoltical cycles in September are tense and you can see it with Iran/Israel and Gaza but also Russia/Ukraine/Belarus and probably Taiwan and China will heat up. That should continue to support gold and the dollar issued a breakdown signal and could hit 99.50 and […]