Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Today’s Markets Professional Edition
S&P Cycle Projections Target 1500 By May
The 10-12 month cycle projection has surged and now points to a range of 1460-1530 due between now and May. This report explains how I can still have a position that is contradictory to that analysis, with the possibility that both views may turn out to be correct… or not.
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SPX Aims for 1430, Here’s Why and What Might Stop It
The market continues to trend weakly higher. Cycle indicators have become all but worthless in the process. All that’s left is to follow the bouncing ball as it rolls uphill along the trendlines, until it doesn’t. All intermediate cycle projections now point to 1420-30. It’s pretty simple from here.
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You Know You’re in a Bull Market When…
You know you’re in a bull market when the indexes plow through one sell signal after another and just keep trending higher, which is what this market is doing. Intermediate cycle projections continue to point to higher levels. This report examines how much higher, and what to look for to indicate that it might...
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Synchronized Move Developing, But How Far Will It Get?
Synchronized down phases may be developing in 4 week through 13 week cycles but we don’t know what shape they will take. Here’s what to look for.
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“The Market Will Not Fluctuate”
In one of the more bizarre displays of behavior I have seen in 45 years of observing the market, the short term indicators have been running dead flat at the neutral line. Apparently the market has reached a state of perfect equilibrium and absolute stasis. JP Morgan has arisen from his grave to pronounce,...
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It Would Have Been Enough!
This week we had a Greek deal, a mortgage robber signing settlement deal, and now this weekend, a Barrons “Dow 15,000 cover. Dayenu! That would have been enough, but to top it off on Friday, a number of market end sector ETF indicators edged to intermediate sell signals from negative divergences. But doesn’t this...
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Market’s Intermediate Cycle Projection Now 1470
I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is now 1470 and the 13 week cycle projection stays at 1390 today. Remember when the market did fluctuate? Yes, those were the good old days.
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10-12 Month Cycle Draws a Bead on 1460
The market continues its slow drift higher toward a 13 week cycle projection of 1390 and 6 month and 10-12 month cycle projections of 1450 and 1460 respectively. Both the 13 week and 6 month cycles are way overdue for corrections time wise, but the 10-12 month cycle up phase is still in the...
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Slow Motion Meltup Goes On and On
The slow motion meltup goes on. The market averages are on the brink of pushing through a major resistance level. That could lead to much higher prices over the next several weeks as the players look forward to the big ECB financing operation on February 29.
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The Trend Is Your Friend
There’s a reason why old Street hands are so fond of the idea that “the trend is your friend.” Many indicators are mixed or in a borderline state, but until prices break support, the uptrend must be given the benefit of the doubt. While cycle tops are way overdue on the 13 week and...
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Dip Buying Reigns Supreme
The market blasted through minor resistance on Friday, and now faces a test with a band of major resistance at 1350-1360s. The market remains in trending mode. Trend following indicators should be given more weight than cycle indicators for the time being. This report includes the latest price projections. Needless to say, they point...
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6 More Weeks of Winter For Bears
Tuesday is groundhog day. Does that mean we can expect more of the same? The cyclical window for a down turn is fast closing. If the 6-7 week cycle turns up, the uptrend could even accelerate. Projections have moved up to 1370 on a 10-12 month cycle basis, and 1390 on the 13 week...
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Market in Flat Squeeze, Bad News Is “Company Specific”
Technical indicators are increasingly signaling a correction, but the market is giving little ground. Amazon is giving it an excuse to sell off after the bell, but the S&P futures have barely budged. Bad news is “company specific.”
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Market Fruit As Ripe As It Gets
The market is as ripe as it gets for a correction.
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Correction Now or Never (Well, not never, but you get the idea)
The rally has stalled and time counts suggest that a correction is due, but centered moving average projections still point higher. Which should get more weight?
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Little Sign of Meaningful Turn
Not enough happened yesterday to materially change the outlook.
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Promoting The Equity Carry Trade
The Fed clearly signaled today that it intends to promote the equity “carry trade,” and the market took the handoff after a long running head start.
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Market In Sweet Spot Waiting For Ben’s Dog and Pony
A down phase that doesn’t give ground typically means that the market is headed to new highs in the next up phase.
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Where’s The Pullback?
The 6-7 week cycle projection has been hit and time counts suggest that the market is inching closer to a correction on a few cycles, but…
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Long Term Indicators Turn One By One
A pullback is due or overdue in a couple of cycles and there were some hints on Friday that it could be starting. But there was no sign of anything more than a minor pullback or consolidation, and in fact longer term indicators continue to tick to the buy side one by one. Bears...
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Bullish Signals Continue
The market cleared another resistance level today.
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Going Parabolic
The market broke through a couple of key resistance levels on Wednesday, and is showing some signs of going parabolic.
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Market Battles Resistance- Part 2
This is the complete market update including the screening data.
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Market Battles Key Resistance
The market averages appear to have staged a breakout over the past week as the SPX trades above the October high, but the charts indicate that something else may be going on.
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Bears Get A Glimmer of An Opening
The market may have given bears a glimmer of light on Friday, but so far, that’s all it is, a glimmer. This report looks at what those glimmers are and the likelihood that they will lead to a real decline.
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Same Old Same Old
Having repeated essentially the same analysis and forecast for seemingly the past 10 days, I won’t bore subscribers with more of the same tonight, especially since it’s late and you have enough to digest with the housing report and the free reports on unemployment claims and retail sales. Cycle projections were down slightly in...
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Sloppy Is As Sloppy Does
The market remains in a sloppy uptrend. How long can this mess keep floating upward?
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Market Breaks Out, Heads for Next Benchmark
Long term indicators strengthened as the market broke through a key resistance level on Tuesday, headed for an even bigger test at 1300. This report examines the likelihood of another breakout.
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Market’s Cape Fraying, But May Still Be Able To Leap A Tall Building
Technical indicators show some fraying around the edges. 10-12 month cycle momentum is surging on the buy side, but VIX keeps sending sell signals. Conflicting indications abound. This report gives keys to judging which way the market will break.
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