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Gold Still Looks Good

Gold Still Looks Good (3/18)   We tend to get so micro-orientated but the big picture is much higher gold over the next few years as the reality of the world banking and debt crises manifests in a bigger way.  Long-term investors can at least focus on the July high short-term this year.  All the […]

ENERGY ISSUES A BREAKOUT SIGNAL

ENERGY ISSUES A BREAKOUT SIGNAL (3/14) The market took out the key 8030 region and we will see 8220 before a setback.  The market has to take out 7880 to issue a minor sell signal for 7600 and that is in doubt Above 8000, we are favoring a move to 8400 next and pullbacks holding […]

What’s Next for Bitcoin?

WHAT’ NEXT FOR BITCOIN? (2/14) Bitcoin is the best game in town with a 17% advance last week.  Computer models give a 74% chance for 53967 and we will stay open.  NQ should recover for a few days. Daily charts are projecting 59024 so we are going to have to chase at some point but […]

Gold Issues Sell Signal on Inflationary CPI. What’s next?

GOLD ISSUES SELL SIGNAL ON INFLATIONARY CPI DATA (2/13)  The CPI came out inflationary today up 3.1% and hotter than expected. With rising oil this month, not sure it will come down next month.  Contrary to belief, gold does not like inflation. April Gold future below 2004 is issuing a more serious sell signal.  Below […]

3RD WAVE  COMPLETION IN STOCKS A BIT CLOSER

3RD WAVE  COMPLETION IN STOCKS A BIT CLOSER Third waves are exhausting because they keep extending and its so hard to chase so high. . Our time window for a 3rd wave high is due within a few days into Feb. 12-13th and then we should get a 200 point pullback on the S & […]

Metals Setting up for 3rd Wave

KEY LOW FOR METALS SETTING UP Gold hit 2004 overnight but is bouncing back with EU news and GDP.   It is going to have to take out 2047  to make a stronger statement and negate the project to 1985.  Still a divergent low to 2000 might be enough to attract buyers so we have to […]

Stock Market Poised to Breakout–What’s Next ?

BREAKOUT ON STOCKS IN PROGRESS : S & P  CASH The stock market is accelerating above key levels at 4802 on cash today and that would allow a quick thrust up into next week. Should the market reach 4908 early next week then the post-Fed high could be up to 5012 and complete the major […]

What’s ahead for financial markets for 2024?

What’s ahead for 2024? 2024 started out with a strong negative bias for the stock market but it did not fall enough to issue a technical sell signal.  We are still open to a divergent high for NQ 100 and Megacaps and some sectors are showing signs of topping after  the strong rally since Oct […]

What’s Next Gold?

(10/23)  WHAT’S NEXT FOR GOLD? We had alerted you about the bottom in metals and they have taken off. The current pattern would look better with acceleration to 2033 and then a pullback to 1974-77.   This is what we are looking for earlier in the week.  The market would not be done until we saw […]