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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Technical analysis, trading, and day trading related items
Early openers cautious: Kiwis -0.5%, Aussies -0.2%, Nikkers +0.1% and Sth Korea -0.2%.
In Aussie sectors, Gold +1.4% is the main mover followed by Healthcare +1.1% and IT +0.8%.
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The unstoppable force of crapple buyers keep an endless bid under the market.
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On Friday, the market rallied up into the lower end of the Wave 5 target zone, but the short term charts seem to suggest a bit more upside still to come for Tuesday. Theoretically, this should be the last wave of this rally before a meaningful co...
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Gentle upward movement for the early openers: Kiwis +0.5%, Aussies +0.5%, Nikkers +0.2% and Sth Korea +0.1%.
Not too much movement in Aussie sectors: Miners and Consumer Discretionary both +0.8% ranging down to REITS -0.3%.
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Early openers taking off: Kiwis +0.8%, Aussies +1.1%, Nikkers +1.5% and Sth Korea +0.8%.
Gold +2.2% is the chief mover in the Aussie market followed by Materials +2% and Consumer Discretionary/Miners +1.9%. Telecomms is the only downer, -3%.
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We will obviously grind higher forever and ever.
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In honor of the fact that today is National George Stephanopoulos Day, I'm going to keep this update a bit on the short side. (Actually it's because I spent a good part of yesterday dealing with personal health issues, and have only had abou...
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Early openers on the up: Kiwis +0.1%, Aussies +0.5%, Nikkers +1.8% and Sth Korea +1.7%.
Aussie sectors fairly muted: IT +1.7%, Consumer Staples +1.2% with Gold -0.2% the only red.
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It destroys everything in it's path......
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The charts are a mess tonight. While the big picture view has shifted somewhat over the past month, my daily short-term preferred counts have been on an exceptional win streak since the end of January -- catching the lion...
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Generally down for the early openers: Kiwis -0.1%, Aussies -1.4%, Nikkers +0.2% and Sth Korea -0.9%.
Lotsa red for Aussie sectors: Materials -2.1%, Miners -2% and Gold/Consumer Staples -1.6%.
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Savage, who is savage?
Leave your morals, stake your claim
Savage, you are savage
Bernanke can take the blame
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Lee Adler gives market support, resistance, cycle signal, and price projection parameters at mid day. Click icon in lower right corner to view full screen.
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Yesterday was primarily a market "noise" day, as it traded within a range inside the key levels. It does appear from yesterday's action that blue wave 5 is subdividing. If that's indeed the case, there are two primary routes for&n...
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Nikkers +1% and Sth Korea are doing ok but it's fairly ordinary for Kiwis -1% and Aussies -0.1%.
In Aussie sectors, REITS +2.8% is doing a run with IT -1.3% and Gold -1.2% at the other end.
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ES up 9 in a few short minutes,every last tick manipulated......and bears get their face ripped off again.
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This is a historic rally, and it's accomplished something the market hasn't accomplished very often -- but I'll return to that later. Monday the market performed as anticipated by the preferred count shown on Thursday and Friday --...
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Early openers chasing their tails: Kiwis -0.1%, Aussies -0.5%, Nikkers -0.2% and Sth Korea flat.
Aussie sectors trending down: Gold -1% and Miners, REITS and Financials all -0.7%.
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Liquidity flying everywhere,but but only QQQ and crapple still breaking out to new highs at the moment.
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Neither here nor there for the early openers: Kiwis -0.3%, Aussies +0.1%, Nikkers and Sth Korea +0.4%.
Choppy action in Aussie sectors: Consumer Staples/Healthcare +0.4% with Energy/REITS -0.3%.
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Iceberg dead ahead?
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SP futures (or ES electronic mini S&P) have been tanking since 3 PM (NY time) yesterday afternoon when it became apparent that the Greece deal was no deal and was going down. The Spoos broke the 2 and 5 day cycle centerlines around 6:30 PM and kept going through the night. As of this...
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I've been pulling my hair out all night trying to nail down the exact short term count, and have compared the NYA, INDU, SPX, RUT, TRAN, BKX, WLSH and several others -- partially because, due to the indicators, I'm having troub...
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Early openers wallowing: Kiwis +0.6%, Aussies -0.3%, Nikkers -0.2%, Sth Korea -0.5%.
IT +1.4%, Telecomms +1.3% and Gold +1.2% are the big winners in Aussie sectors with Miners -1.1% down the most.
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Market done clearing out the last of the bears yet?
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SP futures (or ES electronic mini S&P) traded flat through most of the night, then went into rally mode at 7 AM NY time, topping out on release of the weekly unemployment claims, which beat expectations. The futures have since been walking sideways, just above the converged 2 and 5 day cycle centerlines, which...
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A contributor on my website called my attention to the fact that some readers "hear what they want to hear" when they read my articles. I do tend to be verbose sometimes when I get going, so maybe some of the key concepts are getti...
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SPX and VIX Updates: VIX Likely to Be Forming a Bottom
Yesterday the market traded up a little farther into the target zone, and has now satisfied the minimum requirements for the fifth wave up we've been looking for since February 8. I literally spent six straight hours charting...
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