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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The bottoming window is very wide and the risks of a downward spike in this window are high.
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Indications were only mixed, in spite of the pullback Friday. The 6 month cycle up phase remains intact. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a...
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Conditions now appear favorable for a short term and possible intermediate high to form, but certain additional signals are necessary. This report discusses them.
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Rather than adding clarity, the market’s stall on Tuesday created a state of suspended animation, causing a couple of upside projections to abort and another to moderate.
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Thursday’s pullback did not give bears control, but it gave them a shot at taking control.
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The market rallied to the brink of a key resistance line today. It will either follow through on the upside, signaling the likelihood of 4 more weeks of a late summer cattle drive, or it will stall and fold, in which case the bears can come out of the woods from doing whatever bears...
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The 13 week cycle weakened further on Thursday, and time counts suggest that it is at least 4 weeks away from a low. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful,...
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A couple of big names had huge rallies on Friday. That pushed the averages up, but the underlying technical picture did not improve significantly. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information...
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The market is in position to break key support. The question is whether dippers might come to the rescue as usual.
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Friday’s small pullback triggered big changes in cycle screening data, which suggested problems with the bigger picture. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full...
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Support held on Thursday, but most indicators continued to weaken, including both broad market indicators and cycle screening measures. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you...
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The Fed’s money pump was shut off for the holiday Monday. The index futures which were trading outside of regular NY trading hours had a bit of a meltdown. You don’t think the two things are connected, do you? No POMO, no momo?
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Some indicators suggest that the market could potentially be on the doorstep of a final accelerating parabolic blowoff as it moves toward the 10-12 month cycle projection.
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The SPX pushed against upsloping resistance on Wednesday. If it breaks out, the uptrend would probably accelerate.
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The market dipped, but the changes in the indicators remained well within the range where they’ve been throughout this uptrend. I see nothing to indicate that an important top is in place. More work needs to be done.
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When the Dow lags the broader market, it’s usually a sign the market managers want to run it up without the public on board, so beware of that. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you...
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Cycle indicators were little changed on Friday as the market rallied. However, the projection on the 10-12 month cycle rose again. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will...
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I’ve always wanted to use that as a headline. Now I legitimately can.
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The market pulled back to support trendlines in the morning on Thursday and held its ground, recovering to the center of uptrend channels by the close. In short, nothing has changed. Short term cycle targets have come down a bit. The changes again included small increases in new sell signals, while the number of...
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The premarket selloff brings the market to key trend support lines. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here...
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Wash rinse repeat. There’s not much to add. New short term projections point a little higher, and the 10-12 month cycle projection is still pointing to the same range it has been pointing toward for the past week.
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The market continues to grind higher on a narrow cyclical base. The 10-12 month cycle projection range rose. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a...
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There was only a small amount of POMO today. Tomorrow there’s more, along with a big slug of cash from the Treasury paydowns. From that perspective there should be more upside tomorrow. From a technical perspective, there’s no concrete sign of any real change in the narrowly based, grinding uptrend. Click here to download...
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A dynamic tension develops when cycle analysis and liquidity analysis are conflicting, as is the case now for the intermediate and short term cycles. In this case, liquidity rules. The forecasts that I have been posting in the Fed Report week in and week out have been consistent and unerring. It’s so simple. Don’t...
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I get the feeling I’ve seen this before.
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ET Friday’s drop triggered a number of sell signals from negative divergences. At the same time, most charts remain in entrenched uptrends.
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The more things stay the same, the more they stay the same. This narrowly based move could go on for months. Tech ETFs are showing signs of going into a bubble blowoff. Retail, Housing, and Tech ETFs are ghoulishly fascinating measures of the madness of crowds.
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The Fed said nothing to chill the mood, choosing instead to deny that reality exists (Listen to our Radio Free Wall Street podcast). It simply chose to ignore the damaging effects of commodity inflation. So the projections for the key cycles are still pointing to where they’ve been pointing. Click here to download complete...
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