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World Tension Cycles and the Stock Market in September
World Tension Cycles and the Stock Market in September War cycles are tense in September. Israel is bombing Yemen again. Venezuela has called up 4.5 million soldiers, and US ships are moving that way. Maduro has been accused of being a Narco-politician, and there is a move to stop the drug trade coming out of […]
SWING LOW FOR METALS INTO LATE THURSDAY OR EARLY FRIDAY
AUGUST AND DEC. GOLD. BOTTOM LINE: The party is over this month as gold tends to fall into contract rollover. For now, the most likely target for the next swing low is 3200 basis August , but a reaction off of there in August back to 3400 is very possible. Dec is trading 57 higherl […]
IS GOLD DONE AND WHEN SHOULD WE BUY AGAIN?
IS GOLD DONE AND WHEN SHOULD WE BUY AGAIN? (4/25) Gold is down impulsively and is closer to minimum support at 3260-55. Lower support is at 3233 and 3203. We may still see those levels but a B wave bounce to 3430 or 3450 would be a secondary high. That high could come in as […]
CRUDE AND ENERGY OIL STOCKS ISSUE BUY SIGNALS
CRUDE AND ENERGY OIL STOCKS ISSUE BUY SIGNALS .MARCH E-MINI CRUDE . (2/11) We got the official breakout and with resistance at 7445 and 7480 and then 7600. Pullbacks are likely to stay above 7250. This is still early in the move and we see higher prices into the end of the month and probably […]
TESLA READY FOR NEXT RUN UP
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
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?
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 […]
Gold is Not Done– What’s Next?
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 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 […]